[Financial News] [fn Person] Wishcompany CEO Soungho Park: “Next Year’s Revenue Goal is KRW 100 Billion”


There is a cosmetics company that is more famous internationally than domestically. Moreover, 80% of its sales comes from overseas. Wishcompany owns two beauty brands called "Dear, Klairs" and "By Wishtrend." Not only does it manufacture cosmetic products, but it also creates YouTube content. "Wishtrend TV" on YouTube has over 1.8 million subscribers, and their ASMR channel "Sound with Klairs" has over 17,800 subscribers. (Omitted)

Last year, Wishcompany recorded a revenue of KRW 61.5 billion. Its goal for this year is KRW 100 billion. Last year, its operating profit margin was 22%. This is over double the typical average of most beauty companies, which is barely 10%.

Wishcompany's beauty products were launched in 64 different countries. Eighty percent of its revenue comes from overseas online platforms such as Amazon or eBay. The company's top 3 bestselling countries are Japan, Vietnam, and the United States. In Korea, its products are the most popular in offline stores such as CHICOR, which is Shinsegae's select beauty shop, CJ Olive Young, and others. (Omitted)

Business-wise, the company is making the effort to improve its competitive edge in terms of content. Last year, it opened its flagship store "Klairs Seoul" in Garosu-gil in Sinsa-dong, Seoul, where it curated books and launched a tea room.

He said, "We don't think of this place as a skincare space, but more as a medium where we can work with other artists to rebuild content," and "We introduce delicious restaurants in Garosu-gil and hold campaigns, such as 'Near & Dear' that supports sustainable businesses."

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