"K-beauty is a good son".Small and medium-sized businesses' exports in Q3 hit all-time high

Thanks to strong exports of cosmetics, exports of small and medium-sized enterprises in the third quarter of this year reached a record high as of the third quarter.

The Ministry of SMEs and Startups said exports to SMEs in the third quarter of this year amounted to $28.47 billion, up 6% from last year.Online exports of

were also $290 million, the highest ever in the third quarter.

In particular, exports of cosmetics, the No. 1 export item, rose 27% year-on-year to $1.7 billion, the highest ever in the third quarter.

Exports to the U.S. increased by 44% and diversified exporters to Europe and the Middle East.

In addition, automobile and semiconductor manufacturing equipment also recorded the largest exports in the third quarter of all time.