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Amway Korea Pockets More Than a Trillion in 25 Years

June 2, 2016 | Contact Author | By: Savannah Saunders
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Keywords: Amway Korea | One-For-One Good Store Project | Busan distribution center

Abstract: From $3,436,795.093 in 1991 to $896,887,398.39 in 2016, Amway Korea reports increasing profits during the past 25 years of cosmetic sales.

Amway Korea’s wide variety of products aided in the impressive growth in sales during the past 25 years. Despite problems with sales distribution at the beginning, the company fought to succeed and aims to continue growing with the cosmetics market in the future.

A company spokesperson told Korea Times, "Facing the challenging environment, we tried hard to overcome the negative perception and bias toward us and our business model. As part of such efforts, we needed to focus more on sharing growth with our local business partners and communities."

Amway Korea opened the “One-For-One Good Store Project” to celebrate 25 years of success. The project also helped to expand its social businesses. For Amway products based in Japan, Thailand, Taiwan, Singapore and Hong Kong, the distribution center is in Busan, assisting with the company’s desire for growth.