"I couldn't believe there was a banana just sitting on the kitchen table. In Korea, having a banana was a big deal, but when I immigrated to New York City at 12, we had fruit and even M&Ms. Everything was so luxurious. My mother immigrated to the US in 1963 with less than $100. When she arrived in New York, she started a small, mom-and-pop gift shop."
"My mother continued to grow her store, expanding into a drugstore and pharmacy. By the early 2000s, she had a business worth tens of millions. She was very, very entrepreneurial. Watching her journey inspired me and has carried over even today. I have a lot of her DNA when it comes to business. Now that I'm 66, I'll think, 'I'm just like my mother!' It's scary."
David Chung immigrated from Korea to New York at 12 and observed early contrasts in abundance. His mother arrived in 1963 with less than $100 and grew a mom-and-pop gift shop into a drugstore and pharmacy worth tens of millions by the early 2000s. Her entrepreneurship inspired him to start his first business at 23 and later found multiple beauty brands. He founded Farmacy Beauty in 2015 and sold it to Procter & Gamble for $350 million. He emphasizes that beauty products offer repeat customers and operational advantages and cannot envision retiring at 66.
Read at Business Insider
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