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With Korean wave, Korean cosmetic companies grow over 20% per year. In 2017, they exported over 5 billion dollars. But in over 13,000 Korean cosmetic companies, there are 50% of them can’t sell their products. And most of them don’t know how to reach to global market.
Style Seller – a new ecommerce platform - helps these Korean make up brands to sell products to all the world through huge amount of fan of Korean culture. Using Style Seller, anyone can become a seller just in 1 minute to sell brand product then earn money just through social media. Buyers voluntarily participate in brand marketing so that the products of the company spread out spontaneously. At the same time, buyer can create new value (revenue) from their purchased product.
We tested the Style Seller with 2016 year version BM model, and we ascertained the possibility of this BM model by selling about 15,000 products without a marketing cost. We are recognized for the interest and possibility of new sales methods from outside Korea, such as winning the Korea Multimedia Technology Grand Prize, winning the eco-award business innovation division and participating as the representative of Korea in the world's three largest mobile exposition MWC. In early of January 2018, Style Seller is certified as an innovate enterprise with excellent technology and global competitiveness by Hi-Seoul Brand.
We are in the process of entering into overseas market and our first target market is Southeast Asia. Per our knowledge, the popularity of Korean cosmetics in this market is also high. We are willing to proceed testing the Style Seller platform Asian users with MOX - Mobile only Accelerator - so it will able us to prepare optimized platform not only for users but also for companies by joining this platform.
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