Eleven Corporation Named 2025 Pre-Unicorn Company

K-beauty's emerging powerhouse, Eleven Corporation, has once again proven its remarkable growth by proudly being named one of the Ministry of SMEs and Startups' '2025 Preliminary Unicorn Companies.' This is an honorable title that only a select few companies, valued between KRW 100 billion and less than KRW 1 trillion, can enjoy after being recognized for their innovation and growth potential. The 'Preliminary Unicorn Special Guarantee' is a program that provides funding of up to KRW 20 billion after a rigorous screening process, with 79 companies applying this year, resulting in a fierce competition ratio of 5.3 to 1. Eleven Corporation achieved the remarkable feat of being ultimately selected, receiving high evaluations in the categories of innovation, competitiveness, and growth potential. Eleven Corporation, which was selected as a 'Baby Unicorn' just two years ago, has now publicly announced its steep increase in corporate value with this latest designation as a Preliminary Unicorn. This demonstrates its continuous evolution based on proprietary technology and market competitiveness. Currently, Eleven Corporation successfully leads five distinctive brands: skincare brand Parnell, thalassotherapy hair and body brand GROWUS, color cosmetics brand LUMMIR, alcohol-free fragrance brand a ddct, and oral care brand La dens, thereby building a robust portfolio that spans the entire beauty spectrum from skincare to hair, body, color cosmetics, fragrance, and oral care. Their ambitious endeavors are also shining in the global market. By establishing local subsidiaries in major markets worldwide, including Asia, the Americas, and Europe, and meticulously expanding its global distribution network, it is captivating the hearts of people around the world. Financially, it has shown remarkable achievements, recording solid performance in 2024 with sales of KRW 41 billion and operating profit of KRW 4.9 billion, and is preparing for another leap in 2025, targeting sales of over KRW 70 billion. Baek Chang-jun, CEO of Eleven Corporation, stated, "This selection is a remarkable achievement that officially recognizes Eleven Corporation's unique technological innovation and boundless growth potential in the global market." He further expressed his ambition to leverage the special guarantee support to solidify its position as a leading company representing K-beauty and ultimately emerge as a 'true unicorn company' that leads the global beauty market. The K-beauty industry's attention is now focused on Eleven Corporation's next moves.