The Impact of MoCRA Enactment on Korean Cosmetic Companies: A Regulatory Analysis
The Modernization of Cosmetics Regulation Act (MoCRA), enacted in 2022, represents a pivotal shift in U.S. cosmetics regulation, addressing longstanding gaps in oversight. This research focuses on the anticipated impact of MoCRA on Korean cosmetic companies operating in the U.S. market. Analyzing compliance strategies, operational challenges, market positioning, and strategic adaptations, the study unveils the nuanced ways in which Korean cosmetic companies navigate the evolving regulatory landscape. The findings contribute valuable insights for industry stakeholders and policymakers, showcasing the resilience and adaptability of Korean cosmetic companies in meeting stringent regulatory standards post-MoCRA.
Keywords– MoCRA Impact, Korean Cosmetics Compliance, Operational Challenges, Market Positioning, Strategic Adaptations