A liquid oil dispersion cosmetic composition of the present invention is capable of implementing a refreshing and light feeling and has excellent dispersibility by containing surfactants, powders, and volatile substances having fast volatility, low viscosity and low density. In addition, the liquid oil dispersion cosmetic composition, according to the present invention, can prevent precipitation of the powders by being uniformly impregnated in between the pores of foam carriers, and thus, can maintain high formulation stability even during long-term storage.