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 showing the MLM rankings up to the top 50 for 2023.
Comments
Post a Comment