Eventually, Ms Irene’s hard work and sincerity paid off, several Korean factory brands granted Cosbiz the exclusive distributor rights to their products. And the major turning point came during 2002 when South Korean soccer player Ahn Jung Hwan scored the Golden Goal. As Ahn Jung Hwan was also the ambassador for the Korean products Ms Irene was marketing, the demand for the products surged and business started booming. The number of consumers for Korean cosmetics grew exponentially from then on.

However, a growing demand likewise indicates a growing competition. In 2006 and 2007, there was a huge jump in new companies doing the same business trade. This led to a very saturated market for Korean products, and this meant that having experience alone was not sufficient to stand out amongst the competition.

In order to differentiate Cosbiz from other companies, Ms Irene decided to also bring in brands that are not so famous yet are manufactured from the same factories that manufactured major brand names. “OEM brands may be more famous, but the factories may use less desirable ingredients for the products. Whereas for Cosbiz, we purchase directly factory’s brands, therefore the ingredients are the best albeit slightly costlier.” Ms Irene mentioned.

Since then, all merchandises has been fastidiously chosen from the best manufacturers, and Cosbiz has successfully introduced many brands into Singapore. Some of the brands being Aqutop, Esfolio, Flor de Man, Grafen, Ha’sol, L’arvore, MS.44, Yejimiin and etc.

Besides ensuring that the products Cosbiz brings in are of top notch quality, Ms Irene similarly cultivates her company staffs to work in an efficient and professional way. She frequently tells them, “In our line of business, don’t assume. And don’t say maybe.”

Today, Cosbiz has an impressive 20 years of experience under its belt and is importing beauty products from South Korea as well as other parts of Asia. Cosbiz currently distributes to over 1000 retail channels in Singapore, Malaysia and Vietnam, and their clients include 7-eleven, Cheers, Fairprice, BHG, Guardians, Robinsons, SASA, Unity and Watsons.

Cosbiz has also taken to social media to extend their reach to consumer, and the company can be found on Qoo10, Lazada and Shopee platform under the account name [Mexxi Mall] to cater a wider selection of products.

Ms Irene’s undying commitment to her company and her perseverance has led to Cosbiz to grow by leaps and bounds. And she is not stopping there, her next destination is Vietnam. In fact her company has already been established there and she is looking forward to entering the Vietnam cosmetics industry, to introduce to them the wonders of Korean beauty products. “We will start from convenience stores, drug stores and supermarkets. Then we will grow from there.” Ms Irene said.

With her resolution and strong determination, we believe without a doubt that Ms Irene will be able to achieve that.