Korean Cosmetic Brands Experience Downturn in China Amid Geopolitical Tensions

A Chinese woman tries out cosmetics during a beauty product promotion at the Nanjing Road shopping area of Shanghai, Oct. 23, 2007. Mark Ralston/AFP via Getty Images

Korean beauty giants Amorepacific and LG Household & Health Care reported disappointing Q2 earnings during recent lockdowns in China.

Amorepacific reported its Q2 earnings on July 28, with an overseas revenue of 297.2 billion won ($227 million), down 33.2 percent year-on-year (YoY), and a net loss of 37.2 billion won ($28.6 million).