The economic rebound is feeding through into the consumer market, as global management consultancy McKinsey reported in May 2022. McKinsey noted that optimism was returning to consumers, particularly Generation Z and millennials, and that several categories of goods were reporting positive results. Consumers are also increasingly shopping across various channels, from online to bricks-and-mortar; they are also increasingly willing to try new outlets.
This dynamic consumer environment should prove a boon for Seoul-based GP Club, one of the world's leading cosmetics companies. The company was founded by serial entrepreneur and self-made billionaire Kim Jung-woong, who is just 47 but is already one of South Korea's 50 richest people. A keen gamer as a youth, Kim launched a video-game business when still at school; GP stands for "Games Paradise". He diversified into gaming accessories and built a strong presence on the Chinese market, even learning Chinese on his regular visits. Ever seeking new opportunities, he then shifted to fashion, then cosmetics.
Diese Geschichte stammt aus der August 05, 2022-Ausgabe von Newsweek Europe.
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