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OVIO breaks record with Japanese export sales exceeding 46 million dollars.

OVIO Corporation, a South Korean manufacturer specializing in POU water coolers and hot&cold water dispensers, has achieved record-breaking cumulative export sales exceeding 46 million dollars in Japan.     For the past 26 years, OVIO Corporation has played a leading role in the Japanese market with a thorough localization strategy, focusing on OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) businesses.     In particular, considering the local characteristics of Japan where direct water supply-type POU water coolers installation is difficult unlike in Korea, OVIO Corporation introduced the water server (water dispenser) for the first time. This product pours tap water into a container installed on the top of the product and uses filtered water for drinking, receiving positive responses from Japanese consumers and contributing to annual sales growth of over 20% in Japan.     Additionally, by engaging in ODM development for Coway Japan and collaborating with Samsung Electronics to develop and produce the "BESPOKE Water Purifier," OVIO Corporation has demonstrated its capabilities as a specialist manufacturer of POU water coolers and hot&cold water dispensers.   Furthermore, OVIO Corporation has attracted over 100 companies as clients and partners from more than 50 countries worldwide, playing a significant role in the global market. Additionally, by expanding into export deserts such as South Africa, Cameroon, and Bahrain, overseas sales accounted for approximately 78% of the total sales last year.   The CEO of OVIO Corporation stated, "Since its establishment in 1998, OVIO Corporation has achieved significant success in the Japanese market through relentless dedication to quality and innovation." He added, "We will continue to strive for product and technological enhancements to provide clean and safe water to consumers worldwide, beyond the Japanese market."      박원중 기자 (park.wonjun.ja@gmail.com)exceeding japanese water purifiers export sales million dollars

2024-04-29

Jente, achieves record high sales of 24 million USD in 2022, an increase of 140% compared to the previous year

Third Generation Luxury platform Jente, which launched in 2020, has achieved its highest-ever sales figures, driving its leap to a global platform beyond Korea.   According to the consolidated financial statements, Jente reported sales of approximately 24 million USD and gross profits of approximately 3.3 million USD in 2022. This is an increase of approximately 140% compared to sales of approximately 10 million USD in 2021, and gross profits have grown approximately 269% from approximately 0.9 million USD to approximately 3.3 million USD. With this, Jente has established itself as a third-generation representative luxury platform, with three consecutive years of sales growth since its inception.   This achievement is also reflected in Jente's monthly active user (MAU) numbers, which represent the actual number of site users. The January 2022 "Monthly Active User" for Jente was 725,000, more than double the same period last year and seven times higher than in 2021, demonstrating its sustained growth through differentiated systems and customer-centered services.   Against the backdrop of an unstable market, 2-year-old Jente's rapid growth is attributed to its differentiated business system from previous 1st and 2nd generation luxury platforms. Jente's structure of directly contracting with over 100 European local luxury boutiques in Italy, France, Switzerland, and other countries without complex intermediary distribution channels gives it a competitive edge in terms of price compared to other platforms, while also effectively preventing the issue of genuine goods, which is a persistent problem for luxury platforms. Especially, through the real-time inventory synchronization system with boutiques, called 'Jente Foret,' Jente collects and processes product data from boutiques in real-time to secure stable supply and product diversity, and increase customer satisfaction.   As a result, proving its strong local network and platform competitiveness, Jente signed a partnership agreement with the Italian Chamber of Commerce in Korea (ITCCK) in early this year, becoming the first domestic e-commerce company to do so.   Jente focuses on content and also puts effort into communicating with customers. As Jente aims to become a platform that not only sells products but also conveys the essence and value of luxury, it provides high-quality content on topics that customers are interested in, such as brand history and trend predictions from the customer's perspective.   Building on its remarkable domestic success, Jente is pushing ahead with global expansion. Following a surge in purchase inquiries from Japanese consumers in the second half of last year, Jente is set to officially launch its service in Japan in the first half of this year. It is unprecedented for a Korean luxury brand to be invited to expand into Japan, a market over two times the size of the Korean luxury market. With this Japanese expansion as a starting point, Jente plans to gradually expand its service area to Southeast Asian countries such as Indonesia and Malaysia in the future.   Jente CEO Jimmy Jung said, "Based on the close trust with overseas boutiques, we were able to quickly secure representative products of designer brands that are highly demanded by domestic fashion early adopters, and secure product diversity and stable profitability. In the future, we will become a global platform based on Jente's differentiated strengths, beyond Korea." 강동현 기자 kang_donghyun@koreadaily.comprevious million luxury platforms increase customer sales growth

2023-03-30

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