Atomy Korea Closely Trailing Amway Korea in Direct Sales ...

Competition between Amway Korea and Atomy Korea is heating up in the Korean direct sales market. Atomy, a homegrown multi-level marketing ... NEXT PREV AtomyKoreaCloselyTrailingAmwayKoreainDirectSalesMarket Share Print Email Fonts ABCDEF ABCDEF ABCDEF ABCDEF ABCDEF ABCDEF CompetitionbetweenAmwayKoreaandAtomyKoreaisheatingupintheKoreandirectsalesmarket.Atomy,ahomegrownmulti-levelmarketingcompany,iscatchingupwithAmwaybasedonthepopularityofHemoim. AmwayKorea'ssaleshit1.13trillionwonin2019,downabout3percentfrom1.17trillionwonin2018,accordingtoanauditreportregisteredontheelectronicdisclosuresystem.Itsoperatingprofitandnetprofitstoodat78.29billionwonand51.14billionwon,respectively,downfrom100.09billionwonand76.89billionwonin2018. In2019,AtomyKorea’ssaleshit1.13trillionwon,only1.1billionwonlessthanAmwayKorea’s.Totalsalesofdirectsalescompaniesincludeincentiveallowancesgiventoitsmembers.AtomywasaheadofAmwayforthefirsttimewhenincentiveallowancesareexcluded.Atomy'sindividualsalesin2019rose15percentonyearto754.9billionwon,exceedingAmwayKorea's741.3billionwon.ItmarkedthefirsttimethatAtomy'sannualsalessurpassedthoseofAmwayKorea. ThedomesticdirectsalesmarkethasbeendominatedbymultinationalcompaniessuchasAmway,NuSkin,andHerbalife.Inparticular,AmwayKoreahasreignedasasolidleaderintheKoreandirectsalesmarket. Intermsofoperatingprofit,Atomy'sgrowthisevenmorenotable.Lastyear,directsalescompaniesallsufferedadropinoperatingprofit,butAtomyrecordedamuchsmallerdropofabout3percentthanAmwayKorea's22percent.Atomy'soperatingprofithit105.4billionwonin2019,outweighingAmwayKorea's78.3billionwon. 1Coocon:SmoothSailforMyDataBusiness 2ShinhanBankSignsFinancialAgreementonCreationofIndustrialComplexinVietnam 3TheU.S.SeekingNewAllianceinSemiconductorIndustry 4POSCOJoinHandswithHancocktoProduceLow-carbonSteelRawMaterials 5FixedIncomeWeekly:Long-shortSpreadsandThreeScenarios 63M'sSemiconductorCoolantPlantClosedIndefinitely 7SamsungElectronicsDetectsEmployee’sFoundryTechnologyLeakAttempt 8EcoProBM:BusinessNormalizing  9SEMCO:BadNewsAlreadyPricedin;GoodNewsYettoBeReflected  10SamsungElectronicsWinsPatentSuitonSamsungPayinRussia KoreaZinc:TightZincSupply KoreaZinc:TightZincSupply KoreanAir:AirFaresStillHigh  KoreanAir:AirFaresStillHigh  SamsungWillDiscontinueAcceptingOrdersforDDR3DRAMsfrom2023,DigiTimesSay SamsungWillDiscontinueAcceptingOrdersforDDR3DRAMsfrom2023,DigiTimesSay LGCNStoSetupPrivate5GNetworkatLGInnotek’sGumiPlant LGCNStoSetupPrivate5GNetworkatLGInnotek’sGumiPlant CATLandLGEnergySolutionLeadingGlobalEVBatteryMarket CATLandLGEnergySolutionLeadingGlobalEVBatteryMarket HojeonLTD:ToBenefitfromFavorableExchangeRateandHigherLululemonOrders  HojeonLTD:ToBenefitfromFavorableExchangeRateandHigherLululemonOrders  SKBioscience:1Q22Preview:EarningsSlow,butFundamentalsStrengthening SKBioscience:1Q22Preview:EarningsSlow,butFundamentalsStrengthening SKInnovationViceChairmanExpectsSKOntoHaveIPOafter2025 SKInnovationViceChairmanExpectsSKOntoHaveIPOafter2025 StudioDragon:UnlockingHiddenProfits StudioDragon:UnlockingHiddenProfits 위로