Beauty company Olive International achieved 240 billion won in cumulative revenue in the third quarter, driven by simultaneous growth in the U.S., Japan, and South Korea.
Key points
•Cumulative revenue of 240 billion won in Q3, representing 70% growth year-over-year.
•Full-scale global market strategy for three brands: Ingredient Editor, Milk Touch, and Mommy Care.
•Revenue growth driven by new products such as Silk Peptide and skin packs.
Olive International has gained prominence in the global beauty market through its brands, Ingredient Editor, Milk Touch, and Mommy Care. Cumulative revenue for the first three quarters of this year was recorded at 240 billion won, marking a growth of over 70% compared to the previous year.
Ingredient Editor's Silk Peptide line led the peptide trend, achieving top-tier sales in the U.S., Japan, and South Korea, and securing placement in approximately 6,100 offline stores across North America through online sales.
Milk Touch succeeded in Japan's color cosmetics market, establishing presence in about 10,000 local convenience stores, while Silver Veil Lip Tattoo achieved continuous No. 1 rankings on Qoo10. The company plans to expand its business to target stores in the U.S. in the second half of the year.
Mommy Care pioneered the 'skin pack' category domestically, causing a sellout craze in Daiso stores nationwide. It proved high popularity by selling over 500,000 units in September alone.
Leveraging its achievements in the U.S., Japan, and South Korea, Olive International plans to expand into new markets, including Europe and the Middle East, to strengthen its global market strategy. The company is also currently recruiting talent to achieve its revenue goals over the next two years.
