Kim Jung-woong
$1.0B
Born
Jan 01, 1975
Age
50
Source of Wealth
Cosmetics
Residence
Seoul,
Citizenship
South Korea
Marital Status
Married
Children
1
Education
Associate in Arts/Science, Daelim University
- 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.
- 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.
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