Influence commerce Business
More than 90% of the Philippine “retail market” was offline distribution before the corona, but after the corona pandemic, the “online distribution network” is rapidly expanding, accounting for about 30% of the total retail market.
- The main factor is the rapid increase in online consumption by Filipino consumers as
the corona pandemic activated “non-face-to-face transactions”.
- 60% of the total population is a huge consumer market with a young human structure
between the ages of 18 and 35, while more than 70% of the total population is familiar
with the online (mobile, Internet) environment.
- The government's long-term policy support is also a major factor expected to expand
the market.
We have identified opportunities for “market entry” in major changes in the “Philippines” retail market, and are proceeding with entry into the Philippine
e-commerce market based on Korea’s “e-commerce” operation know-how.
First of all, starting with Korean cosmetics, we plan to expand our online business to health supplements, small home appliances, and meal kits.