Korea Cosmetic Regulation: Deadline of Submitting the Actual Production and Import Reports to Be Extended

On August 29 2014, MDSF announced by an administrative forenotice that the duration of submitting the actual production reports for cosmetics would be extended in order to resolve some problems existing in the implement of the rule “Regulations on the actual production and import reports for cosmetics and the inventory of cosmetic ingredients”, and improve the accuracy of the documents as well.

In the past the cosmetic companies shall submit the actual production and import reports as well as the inventory of used cosmetic ingredients in the process of manufacturing for the previous year within the first month of every year. If the new rule comes into effect, the deadline will be extended to the end of February of every year so that the cosmetic companies will no longer be troubled by the time pressure due to a large amount of documents requiring submission.

The forenotice is open for public consultation until September 2 2014.