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Article: AMWAY LEADS S KOREA'S MULTI-LEVEL MARKETING SECTOR.
- Article from:
- AsiaPulse News
- Article date:
- November 25, 2003
CopyrightCOPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, Nov 25 Asia Pulse - Amway Korea Co. posted sales in excess of 1.17 trillion won (US$969.9 million) last year and controlled 30.8 per cent of South Korea's multilevel marketing business, the Fair Trade Commission said today.
The U.S. company, which began domestic sales in 1991, also accounted for 20 per cent of all sales personnel.
The state regulator said the 3.8 trillion-won local market had 5.93 million members, which means that 17 out of 100 adult South Koreans sold or bought products through 82 multilevel marketing businesses in ...