Able Cosmetic
Encyclopedia
Able Cosmetic Co., Ltd. is a South Korea
-based retailer of body, bath, skin care and make-up products aimed at women and men. It was founded in 1998 as a wholesale manufacturer of cosmetics. In 1999 the first retail stores opened, and spread rapidly. As of 2006 there were 250 Missha's outlets in South Korea and 30 other countries in Europe
, Asia
, USA, Canada
, Mexico
, Latin America, and Australia
. The company's marketing is largely based on cosmetic to Quality Base products.
with annual sales of USD2.7 million. An investment of USD$ 1.3 millions was made by Dongwon Venture Capital in 2003 and annual sales reached USD11.3 million. The 100th shop opened in South Korea in 2004 and 200th shop opened in South Korea. Global shop opened in Sydney, Singapore, Hong Kong, Mongolia. More global shops opened in Taiwan, Mexico, and New York in 2005. Expansion continued in Los Angeles in 2006.
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
-based retailer of body, bath, skin care and make-up products aimed at women and men. It was founded in 1998 as a wholesale manufacturer of cosmetics. In 1999 the first retail stores opened, and spread rapidly. As of 2006 there were 250 Missha's outlets in South Korea and 30 other countries in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
, USA, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, Mexico
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
, Latin America, and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. The company's marketing is largely based on cosmetic to Quality Base products.
History
E-business Team was founded in 1999 and Able Cosmetic established and the Missha brand launched on Beauty Net in 2000. In 2002, the first shop was opened in South KoreaSouth Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
with annual sales of USD2.7 million. An investment of USD$ 1.3 millions was made by Dongwon Venture Capital in 2003 and annual sales reached USD11.3 million. The 100th shop opened in South Korea in 2004 and 200th shop opened in South Korea. Global shop opened in Sydney, Singapore, Hong Kong, Mongolia. More global shops opened in Taiwan, Mexico, and New York in 2005. Expansion continued in Los Angeles in 2006.
See also
- Economy of South KoreaEconomy of South KoreaSouth Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...
- Contemporary culture of South KoreaContemporary culture of South KoreaThe contemporary culture of South Korea developed from the traditional culture of Korea, and on its own path away from North Korean culture since the division of Korea in 1948. The industrialization and urbanization of South Korea, especially Seoul, have brought many changes to the way Korean...
- List of Korea-related topics