Korea Direct Selling Consulting

Top 100, Korea MLM Companies As of December 31, 2020, the number of legally licensed MLM companies in Korea is 122, and the total sales of 122 operators in 2020 is USD 4.29 B, compared to USD 4.55 B in 2019, which is USD 0.21 B (-4.65%). ) has decreased. The biggest reason for the decrease can be seen as a contraction in sales activity due to the corona virus. Due to the government's strong social distancing policy, the lack of seminars, training, and promotional tours was a major cause of the decrease in sales. In 2020, there was a company that could not even start business even though it was issued a new MLM license. In addition, there have been cases in which global MLM companies continue to delay their entry into Korea. What is positive despite the corona crisis and non-face-to-face era is that the decrease in sales was within the single digit 5% is a very positive sign. Leaders of companies and groups have shifted their business practices to non-face-to-fa...

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...