GCoop is derived from Global + Cooperative. GCoop aims to create and maintain a global network that implements ethical business methods to contribute personal economic growth as well as overall social economic growth. The products are made by patented technology and distributed by the Global Platform GCoop - a One-Stop System.
GCoop seeks to become a high value company by providing the Global Platform to distribute high quality products created by social enterprises. Currently a majority of GCoop products are created by General Bio its mother company.
The founder of both GCoop and General Bio is Jung Hoon Seo.
General Bio was established in 2007 as a manufacturer of Korean Cosmetics, Dietary Herbal Supplements and Household Goods. Gcoop was created in 2015 as a marketing and distribution platform for General Bio's products as a network business.
GCoop is modeled after...
Video on Mondragon Cooperatives:
Mondragon (Spain) - the largest worker cooperative corporation in the world. Their business philosophy is complemented in four corporate values:
Cooperation - acting as owners, participation
Commitment to management
Social responsibility - distribution of wealth based on solidarity
Innovation - constant renewal in all areas
Video on the History of Tata:
Tata Group (India) - for Trust Based Management
Things received from society must be given back to society.
66% of Tata shares are owned by Tata Charity Foundation
GCoop Mission
To grow strong together by
GCoop is inclusive of all cultures and communities of people and aspires to grow and share within local communities which will eventually become a network of global communities.
CEO Seo determined that everything will fall in to place if he gives up his ambition.
So the Business Platform GCoop was created.
Around 35% of the price is dedicated to the actual ingredients while aiming for high quality with its high value.
35% of the revenue created from GCoop will be given to GCoopers in all cash distribution.
90% of the profits are reinvested back to the company. No payment to the board of directors and no dividends to the shareholders are permitted.
In 2017 with a company revenue of 480 mil. Over 200 people with disabilities employed.