Duty-free! None approval! Billed daily!

NEXTEYE has been reborn as "SOMIGO"'s exclusive supply platform for Korean cosmetics. The platform has hit numerous consumers' demands on its promise to guarantee genuine and duty-free products. Whether opening an online channel or entering the Chinese market, many brands are turning a blind eye due to the difficult licensing procedures and customs costs incurred in the process. NEXTEYE, Korea's exclusive supplier of "SOMIGO," expects to bring its first 10 billion won worth of products to China with benefits such as "duty-free, license exemptions" to create a high-shopping craze for billions of members during the year-end shopping season. Currently, the first Korean cosmetics have a sales rate of 70% in 15 days since its launch, and many Korean products will continue to arrive in China on February 15th, 19th, and 25th & plan to reach 300 SKUs by March 30,2022

SOMIGO adopts the B2C model and directly partners with overseas strategic partners. After the product arrives at the bonded warehouse, it is sent to the customer through the bonded warehouse. It will be paid to overseas stores through UnionPay's departure account. The platform provides direct access to terminal customers, allowing them to create overall sales and new retail business models through online and offline interactions.

Collecting the strengths of each country, "SOMIGO" was created by Wang Fujing, a Chinese state-owned listed group, and new products can be released immediately after escaping from concerns over general trade certificates. Currently, it takes more than two months to move into a global store in Jingdong (JD), and Taobao requires more than six months of approval. SOMIGO exempts complex foreign exchange approval procedures, allows daily payments 15 days after entering the brand, zero tariffs on products, cash returns, and this is a good opportunity for the brand to expand its overseas market due to low competitive pressure. The first 10 billion won will bring the brand an ideal profit.

In particular, a representative of SOMIGO emphasized that genuine guarantees and zero tariffs are two key features of the SOMIGO platform and are currently targeting large overseas suppliers or brands, and the link is clear.