Skip to main content

About Koea Direct Selling Consulting

My Blog

Korea: A Lucrative Market for Direct Sales

Korea is the third largest direct sales market in the world. In particular, in the MLM market, global MLM companies are successfully conducting business, and 9 out of the top 10 MLM Companies in Korea are global companies.

Korea is a lucrative market to target the Asian market. Since Korean leaders form close human networks with global leaders such as China, Japan, Thailand, Vietnam, Philippines, and Malaysia, if you enter Korea first, Korean leaders will pioneer the Asian market.

I have been working in the direct selling industry in Korea for over 25 years. My knowledge, experience, and human network will enable your company to settle in Korea and run a successful business in Korea.

Labels:
Location: 대한민국 서울특별시

Comments

Post a Comment

Popular posts from this blog

Top 10 MLM Companies in Korea 2024

Top 10 MLM Companies in Korea 2024 The Korean Fair Trade Commission has published the MLM sales figures for 2023 based on data submitted by each company. The total revenue of the MLM industry in South Korea for 2023 was $3.79 billion, marking an 8.4% decrease from the $4.16 billion recorded in 2022. The sales of the top 10 MLM companies, which account for the majority of the industry’s revenue, also experienced an average decline of 7.7%. 2023 vs 2022 Sales Comparison On a positive note, PM International, a German company, saw slight growth, and Vial, a Korean stem cell-based cosmetics company, grew by 24.9% due to active organizational expansion by its members. The decline in sales for most companies is largely attributed to the sluggish Korean economy. Rising prices and increased interest rates have reduced disposable income, making consumers more reluctant to purchase products. This trend is evident in the decreased sales of companies with relatively broad ...
Post a Comment
Read more

How to obtain MLM license in Korea

How to Get MLM License in Korea In order to establish and operate an MLM company in Korea, The company must have an MLM License. The period for which the MLM license is issued within 30 days at the earliest and 60 days at the latest after application. In order for a company to obtain an MLM license, it must conclude a Mutual Aid Contract with MACCO (Mutual Aid Cooperative Consumer). Mutual Aid Contract Procedure for MLM License Concerning indemnification for consumer damage, MLM companies are required to provide a deposit and mutual aid fee based on the rate set by the mutual aid regulations of the mutual aid cooperative on the sales amount subject to mutual aid. They must also sign a contract for consumer indemnity insurance with the cooperative prior to commencing operations. For a new company that intends to undertake an MLM operation, the rating committee strictly evaluates the company’s eligibility for joining the cooperative in accordance with the cooperative’s mu...
Post a Comment
Read more

Top 50 MLM companies in Korea 2024.

Top 50 MLM companies in Korea 2024. The sales rankings of the multi-level marketing (MLM) industry in South Korea for 2023 have been announced. Since they are based on data received from each company by the Fair Trade Commission, the information can be considered accurate. Sales have somewhat decreased compared to the previous year, as has been observed in most companies. The primary reason for this decline is the contraction in consumer spending due to rising inflation and increased interest costs caused by high interest rates. In particular, in South Korea, people often finance up to 60% of their home purchases through bank loans. With the benchmark interest rate rising to 3.5%, interest costs have doubled, leading to a reduction in household expenditures. As a result, consumers sought cheaper products rather than focusing on quality, leading to a decline in the sales of MLM companies that provide high-quality products at reasonable prices. Below is the table s...
Post a Comment
Read more