Transcript
This founder built a $2,000,000,000 business with the single concept of newness. Welcome to behind a brand, which is a series that uncovers the founder principles that become unfair advantages of outlier businesses. Today, we're talking about Gentle Monster. Gentle Monster is a South Korean hour company with over 40 global locations and doing over $500,000,000 USD a year. Gentle Monster's meteoric rise did not happen by accident. Actually, they were well intended by Kim Hongkook's intention and outlier beliefs that have created this brand that so many love today. Here are the three most important principles that Kim Hongook used to build Gentle Better. And number three is by far the most important. The first principle is that Kim Hongook believes that newness is everything and the only thing. He has this core belief that consumers buy no because of some new product line. They only buy and they only consume because they feel newness. He actually has a formula about this idea, which is belief minus interpretation equals newness. And what this formula says is that the brand or the producer has its better.