Korea Direct Selling Consulting

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 ...

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...

Why is Korea Strong in Direct Selling? Why is Korea Strong in Direct Selling? Korea is the third-largest MLM market in the world, following the United States and China. Despite having a population of only 50 million, direct selling has become a common distribution method in Korea, and the MLM market, in particular, continues to grow steadily. 10 Reasons Why Korea is One of the World's Top 3 MLM Markets High Educational Levels: The high level of education in Korea supports effective seminars and training programs, which are crucial for success in network marketing. Strong Social Networks: Korea is a society with robust social networks, including regular gatherings among relatives, friends, colleagues, alumni, and religious groups, which are conducive to MLM activities. Proactive Business Culture: Koreans are highly proactive and passionate about busine...