HEAD OF THE DAY

๐Ÿ‡ฐ๐Ÿ‡ท Lee Sun-Jung

๐Ÿ’„ The trendsetter who built a K-beauty empire

While the CJ Group founded retailer Olive Young back in 1999, CEO Lee Sun-jung is the mastermind behind today's beauty empire. She took the reins in late 2022 and basically said "Hold my sheet mask" before transforming a popular drugstore chain into the undisputed K-Beauty headquarters. Instead of just slinging products like a regular retailer, she turned the whole operation into a launching pad for up-and-coming brands โ€“ making it the place where beauty trends go to become famous.

๐Ÿ’กย Did you know? The chain is so everywhere in Korea that there's actually a saying: "You can't walk down a street without bumping into an Olive Young store."

๐Ÿ‘‰ย Lesson learned: Don't just be a middleman โ€“ be the kingmaker! When you become the platform that discovers and validates new trends, you can end up more powerful than the brands you're selling.

Free Guide

The China Survival Guide for Western Businesses

Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.