MUSINSA to Support Small Fashion Businesses with $755 Million Fund
Creatrip Team
a year ago
MUSINSA, a prominent online fashion retailer in South Korea, announced plans to support small businesses in the fashion sector with a fund of approximately $755 million. This fund will be allocated to brands listed on their platform and is divided into three programs according to the growth stage of the brand: Incubation, Growth, and Core Partner Funds. MUSINSA aims to provide financial flexibility for brands in production and distribution, offering support up to six times per year. Last year, out of over 8,500 brands on MUSINSA, 1931 brands achieved sales above 1 billion KRW, with 90% being small businesses. The company aims to help small K-brands expand not only within Korea but also in international markets.
