According to a Wor(l)d GN press release:
Sophie Chung elected as Master Distributor of Wor(l)d Global Network for South Korea.
Wor(l)d Global Network has partnered with 7 time Korean national speech champion and multi-level marketing success leader Sophie Chung to launch cutting edge technology products in South Korea.
Inspired by CEO Fabio Galdi’s vision, Sophie Chung has made it her mission to bring the “Best of the Best” in network marketing to South Korea.
Being the youngest of five, Sophie has always held a passion for delivering her message and being heard. Her ability to draw in the attention of others caught the eye of her speech coach, a former writer for the President of South Korea.
Noticing Sophie’s talent immediately as a speaker, she had been submitted into numerous competition’s leaving every debate with a first
Tag Archive for South Korea
Hot Business News Today
Network Marketing On The Rise In South Korea
by Tina Williams • • 0 Comments
The number of multi-level marketing (MLM) firms operating in South Korea rose in the second quarter, the antitrust watchdog said Friday, as the government moves to better regulate such operators to prevent consumer damage.
According to the Fair Trade Commission (FTC), there were 132 MLMs in the country as of June 30, up seven from three months earlier. It said 11 new firms opened for business while four closed.
MLMs refer to companies where the sales personnel are not only compensated for selling products and services, but for the sales generated by the salespeople they recruit. Some companies have been discovered to exploit members and are viewed as illegal pyramid schemes.
The FTC said all new businesses signed consumer damage compensation contracts with official direct-selling mutual aid cooperatives. The agreements bind MLMs to conform to
Hot Business News Today
MLM On The Rise In South Korea
by Ramya Chandrasekaran • • 0 Comments
The number of multi-level marketing (MLM) firms operating in South Korea rose in the second quarter, the antitrust watchdog said Friday, as the government moves to better regulate such operators to prevent consumer damage.
According to the Fair Trade Commission (FTC), there were 132 MLMs in the country as of June 30, up seven from three months earlier. It said 11 new firms opened for business while four closed.
MLMs refer to companies where the sales personnel are not only compensated for selling products and services, but for the sales generated by the salespeople they recruit. Some companies have been discovered to exploit members and are viewed as illegal pyramid schemes.
The FTC said all new businesses signed consumer damage compensation contracts with official direct-selling mutual aid cooperatives. The agreements bind MLMs to conform to
Hot Business News Today
ARIIX Launches South-Korea
by Ramya Chandrasekaran • • 0 Comments
ARIIX today announced that it has received its direct selling license for one of the largest opportunity markets in the world, South Korea.
With a booming economy and a robust direct sales market that ranks among the top five in the world, South Korea offers outstanding opportunities for ARIIX Representatives to continue to expand their presence throughout Asia as they introduce life-changing Brands to entrepreneurs and the communities they serve.
This announcement is the latest highlighting ARIIX’s incredible growth streak throughout Asia with offices in Hong Kong, Japan, China and Taiwan, in addition to a presence in Singapore and neighboring Russia and Kazakhstan.
ARIIX Representatives operating in South Korea will have full access to an experienced management team and new corporate offices centrally located in Seoul as they connect, develop and grow their
Hot Business News Today
4Life Opens New Office In South Korea
by Nicole Dunkley • • 0 Comments
This past weekend, 4Life celebrated the opening of a new office in Gwangju, the sixth largest city in South Korea.
Event highlights included a ribbon-cutting ceremony and congratulatory speech by Platinum International Diamond Dr. Jase Khyeam. 4Life South Korea General Manager Tony Lee:
“Our corporate efforts are designed to support the blossoming of business growth in the field. This new office is just one example of the way we intend to partner with distributors throughout the country, now and in the future.”
The new 4Life Gwangju Business Center is located in Gwangju’s Postal Insurance building. The facility, designed to serve the business growth of distributors in the vicinity, will be used for opportunity meetings, product training events, and general networking.
VIPs in attendance included Gold International Diamonds Mr. Son Jae Min, Ms. Grace Chun &
Hot Business News Today
Q Sciences Expands Internationally To South Korea
by Ted Nuyten • • 0 Comments
Q Sciences, a USA (Utah) based wellness company, announced today that they have expanded internationally to South Korea. As part of their continued global expansion, South Korea now joins the list of Q Sciences’ international markets, which includes Canada, Australia, and New Zealand.
“I am excited and honored to bring Q Sciences’ culture to the wonderful country of South Korea,” said Daren Hogge, President, Founder, and CEO of Q Sciences. “Having traveled to South Korea over sixty times in my career, there is no better place to expand our Q Sciences business. Our products are designed to help people purify, optimize, and protect their health. I encourage everyone to take a serious look into Q Sciences and to become involved as a member.”
With a strong economy and a direct sales market that ranks in the top five in the world, South Korea has long been a target of direct sales companies for international expansion. With this recent announcement, Q Sciences becomes the first direct sales company to be officially registered as a business in South Korea in over a year. Thanks to tremendous IBO leadership and corporate support, Q Sciences is excited to take its mission of helping people discover greater
Hot Business News Today
FTC In South Korea Reveals Average MLM Incomes
by Ted Nuyten • • 0 Comments
The South Korea FTC released information on the country’s multi-level direct marketing companies and their distributors.
Distributors at Amway in South-Korea made an average of 770,000 won ($760) last year, data by the Fair Trade Commission (FTC) showed Tuesday.
According to the data, the number of such companies has been growing steadily, to 106 last year from 67 in 2010.
These companies recorded 3.9 trillion won in combined sales last year, up 19.9 percent from the previous year.
They paid their distributors 1.3 trillion won as commission, but the income was concentrated on only a handful of them ? while the top 1 percent of the active distributors were paid on average 56.6 million won for 2013, the remaining 99 percent made 469,000 won on average.
The number of those who got commissions was 1.3 million, or 22 percent of the total registered as distributors at these multi-level direct sales companies.
Among the multi-level direct marketing companies in the country, Amway Korea is the biggest, with 1.1 trillion won in sales and 1.1 million distributors last year.
Among them, 456,797 got sales commissions totaling 353.3 billion won ? an average of 770,000 won each.
Herbalife in Korea, ranked as the second-biggest player in the industry, with 568.3 billion