#2735
Kim Jung-woong
Overview
- Source of Wealth
- Cosmetics
- Industry
- Fashion & Retail
- Residence
- Seoul
- Education
- Daelim University (Associate in Arts/Science)
- Marital Status
- Married
- Children
- 1
Biography
Kim Jung-woong is the founder and chief executive of GP Club, a Seoul-based cosmetics firm.
His company is best known for its line of JM Solution facial masks, which have become a hit among Chinese consumers.
In 2018, Goldman Sachs invested 75 billion won ($67 million) for a 5% stake in the company. It reportedly exited the investment without a profit in 2022 due to declining sales at GP Club.
About
Kim started his entrepreneurial journey selling video games and consoles from a small Seoul apartment.
After losing his father at age 15, Kim says he was driven by the need to make money early on.