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Toni Ko is a first-generation Korean immigrant who has made an indelible mark in the business world as the founder of NYX Cosmetics and a champion of women-run brands.
Toni is the visionary behind NYX Cosmetics and a fierce advocate for women-run brands. With her relentless work ethic and unparalleled business acumen, she has carved a path to success that has earned her a well-deserved place among Forbes magazine’s Richest Self-Made Women.
Despite facing numerous challenges after moving to California in 1986, the language barriers and unfamiliar surroundings, she thrived on the difficulties and developed a resilient character. She drew from her family’s background in the cosmetics industry to launch NYX Cosmetics in 1999 with $250,000 in seed money from her parents. Her vision was to provide high-quality cosmetics at affordable prices, bridging the gap between luxury and affordability.
Toni used social media to propel NYX Cosmetics to remarkable success. The brand gained traction through partnerships with influential beauty creators on platforms like YouTube, capturing a younger audience and solidifying its place in the market. In 2014, L’Oréal acquired NYX Cosmetics for an estimated $500 million.
Driven by her passion for empowering women, Toni established the Toni Ko Foundation in 2014. Through this foundation, she supports organizations dedicated to uplifting underprivileged children and championing women’s empowerment. In addition, she actively invests in women-owned businesses through her venture capital firm, Butter Ventures, fostering the growth and success of fellow female entrepreneurs.
Toni has been lauded with prestigious accolades, including the WWD Beauty Inc. Brand of the Year award for NYX Cosmetics and her inclusion on Forbes’ esteemed list of Richest Self-Made Women. More than a businesswoman, Toni is a beacon of inspiration, paving the way for a future where women’s voices are amplified and their dreams are within reach.
Featured Image Source: Tatler Asia
- 2 min read
News
Renowned for her fluffy French bread, The Brioche Lady has returned, assuming a new role as the proprietor of an Asian grocery store.
While many people are familiar with Nubchi Thao for her delectable French brioche bread sold at farmers markets and her previous bakery, The Brioche Lady Bakery, she has now taken on the role of an Asian grocery store owner. Thao is of Hmong descent and was raised in France, where she acquired her expertise in baking French bread.
Located in Tarpey Village at the intersection of Ashlan and Clovis avenues, the newly opened store named TBL Asian Market is situated between the Arco station and the Sno-White Drive-In, replacing the former Golden Phoenix Asian Market, which was owned by Thao’s relatives.
According to Fresnobee, customers can now immerse themselves in a culinary journey spanning Filipino, Vietnamese, and various other cuisines. The store’s fresh vegetable section showcases an assortment of items, including fresh Thai peppers, okra, lychee, and rambutan—a peculiar fruit adorned with distinctive red whiskers.
The market boasts an extensive selection of noodles and rice, catering to diverse tastes. Moreover, the snack aisle entices shoppers with an array of treats sourced from several countries. From cookies originating from various regions to chocolate-dipped Pocky sticks, Japanese mochi desserts, and even wasabi peas, the store caters to a wide range of palates. Adding a touch of warmth and familiarity, one is likely to encounter the Thao family’s children among the store’s employees.
In addition to on-site baking, Thao is exploring alternative avenues for customers to enjoy her beloved bread. She intends to introduce a brioche mix, empowering customers to bake their own loaf at home by simply adding eggs, water, and butter.
Furthermore, she is developing a larger version of the mix tailored for bakeries and restaurants. Additionally, Thao seeks to establish partnerships that would allow others to bake her recipe and serve the thriving Hmong community, which holds a strong affinity for her bread.
Featured Image Source: The Fresno Bee
- 2 min read
News
The craft beer industry in the United States has long been dominated by white owners, but a new wave of Asian American brewers is making their mark and infusing their heritage into their beers.
Although the number of Asian American-owned breweries remains low, their presence is steadily growing, challenging the prevailing demographics. These brewers are breaking cultural barriers and embracing their identities, creating unique brews that reflect their heritage.
One pioneering example is Highland Brewing in Asheville, North Carolina, which opened its doors under the leadership of Oscar Wong, a Chinese immigrant. Being one of the few Chinese Americans in the craft beer scene at the time, Wong faced the challenge of standing out in a predominantly white industry. Now, his daughter, Leah Wong Ashburn, serves as the CEO of Highland Brewing, continuing her father’s legacy.
Raymond Kwan and Barry Chan, owners of Lucky Envelope Brewing in Seattle, both children of Chinese immigrants, made a significant career change when they decided to pursue their passion for brewing. According to the New York Times, they took the leap and started their own brewery over a few beers one night.
Similarly, Youngwon Lee, the Korean American founder of Dokkaebier in Oakland, California, as featured also in Asian Hustle Network, drew from his heritage to create unique flavors. Collaborating with his white head brewer, they used elements from homemade kimchi to develop a kettle sour beer, infusing it with the sourness, chile, and ginger found in Korean cuisine.
These Asian American brewers are not only making their mark through their beers but also actively participating in efforts to diversify the craft brewing industry. While challenges persist, these brewers are toasting to a future where diversity and inclusivity thrive in the world of craft beer.
Featured Image Source: NY Times
- 2 min read
Stories
Youngwon Lee is the founder and CEO of Dokkaebier, an Asian-influenced craft brewery in Oakland, California. Dokkaebier takes its name from the ‘dokkaebi,’ the mysterious, shape-shifting creatures found throughout Korean folklore. Myths describe them as mischievous spirits who love to eat, drink, and be in the company of others.
Lee started Dokkaebier after he discovered only 2% of people in the craft beer industry identify as Asian American. He knew then that he had to take action. Over the last three years, he worked tirelessly to create craft beers that not only pair well with Asian food but can make craft beer more diverse and inclusive.
Founded only three years ago, Dokkaebier is already one of the fastest-growing craft breweries in the U.S. Lee and his team have earned more than $1 million in sales, which they expect to increase to $3 million at the end of this year.
Dokkaebier’s Asian-influenced craft beers are available in more than 400 locations, including Whole Foods Market, H Mart, and BevMo!, plus their new flagship brewery and taproom in Oakland, California. They plan to create more than 30 new craft beers, launch in another 10 states and expand their footprint to a whopping 5,700 locations by the end of 2024.
Lee has more than a decade of experience in the alcohol industry and has finally created something uniquely his with Dokkaebier.
WHERE DOKKAEBIER CAME FROM
Although I have worked in the alcohol industry for most of my career, I spent much of it in South Korea. It was not until I started working in the beer industry in the United States that I realized I was the only Asian person. I quickly realized I needed to be the change.
Not only was the craft beer industry missing out on some much-needed diversity, but it also lacked creativity from unique and differing perspectives and experiences.
I wanted to create the first Asian craft beer brand. Everything would be Asian-influenced, including the design, packaging, name, and branding. Most importantly, it would also have an Asian-driven taste. I wanted to be authentic to myself and bring my history and heritage to an industry I love.
I have my wife to thank for the name. One day, she said, “Why not just name the brand after dokkaebi?”
Dokkaebi loves to eat, drink, and play but hides during the day. It was perfect for a craft beer brand! The creatures also capture our heritage as Korean Americans, so we combined dokkaebi with beer and got Dokkaebier.
IT HAS ALWAYS BEEN A PART OF WHO WE ARE
Aaron Weshnak, our head brewer, and I know beer, but we knew we had to do a lot of experimentation to come up with something original and do it consistently. It has always been a part of who we are; we experiment, shape-shift, and try new things—just like the dokkaebi which inspired our name. We always look for that perfect combination of flavors to share with others.
When we started our experiments, we knew we had to start with Asian cuisine. We used flavors and ingredients we grew up with, like bamboo tea, Szechuan peppercorn, and even kimchi, which remains one of our most popular craft beers today. Then, we started thinking about what makes a great dining experience.
We think Dokkaebier should be the Asian-inspired complement to your meal, even if you are not eating Asian cuisine, and if you are, then certainly an Asian-inspired craft beer would be the cherry on top.
IT WAS CHALLENGING TO GET SET UP ONLINE AS AN EARLY-STAGE ALCOHOL STARTUP
I founded Dokkaebier in early 2020, just before the COVID-19 pandemic. We decided to launch a pop-up taproom in San Francisco for our debut. We worked with a former chef de cuisine from the two Michelin-star-restaurant Saison to have the perfect food pairing. But the pandemic shut everything down.
We quickly found a new way to get our craft beer to the fans we had made in such a short time. It was challenging to get set up online as an early-stage alcohol startup, but we overcame it because we are all “shape-shifters” as dokkaebis.
We then started to sample our beer at local beer festivals and events in the San Francisco Bay Area. It was important for us to be a part of the community, especially in uncertain times. We donated food and beer to first responders at Kaiser Permanente in Santa Clara, California, and worked on exclusive collaborations with local Asian American community groups and nonprofits. We also proudly supply our beer to local small businesses, including many Asian restaurants all across California.
We are proud that Dokkaebier is available everywhere from local grocers, such as Berkeley Bowl, Bi-Rite Market, and Gus’s Community Market, and national retailers, like BevMo!, H Mart, Whole Foods Market, and Total Wine & More.
MOST PEOPLE GET BACK INTO LINE THREE OR FOUR TIMES BECAUSE THEY LOVE OUR F LAVORS AND INGREDIENTS
We have been blown away by the support of craft beer fans and Asian Americans who credit Dokkaebier for giving them the confidence to try craft beer for the first time. Our reception has been overwhelmingly positive.
At every beer festival that we go to, people line up to try our beer. Most people get back into line three or four times because they love our flavors and ingredients. We typically have the longest lines of any brewery at any event and have even been recognized as the top or must-see beer at the LA Beer Festival and SF Beer Week.
Dokkaebier is also an award-winning beer. Craft beer fans and alcohol industry experts have recognized us with medals and international awards. We earned best-in-class recognition at the World Beer Championships and have won 10 times at the 2021 and 2022 Annual Brewski Awards. In 2022, every one of our craft beers won an award, with our milk stout taking home Beer of the Year and our kimchi sour and yuza blonde winning platinum medals. It’s truly amazing to see what we’ve accomplished in a short time.
Finally, we have been hard at work making Dokkaebier more accessible to more people. Dokkaebier is now carried in more than 400 restaurants and retailers, and we expect to see sales skyrocket this year.
MY INDUSTRY EXPERIENCE HAS ALLOWED ME TO FOCUS MORE ON INNOVATION
The alcohol industry is heavily regulated and very complex. Even in the craft beer industry, every aspect of the business can be a massive undertaking, from manufacturing, distribution, and sales to operating a taproom. Fortunately, I have a lot of experience in the industry and have been able to navigate it all easily.
My industry experience has allowed me to focus more on innovation, especially research, and development. I believe Dokkaebier focuses more on ingredients and flavors than other craft beer companies or breweries. In only three years, we have developed and released more than 40 original craft beers.
We can experiment more freely with all sorts of ingredients and collect feedback from craft beer fans about the flavors they want in ways other beer companies could not. Our relationship with our customers and community makes it easier for our craft beer to stand out.
STAYING TRUE TO OUR ROOTS MEANS EXPLORING THE WORLD AND SHARING OUR SPIRIT WITH OTHERS
We want to establish Dokkaebier as a nationally renowned Asian craft beer brand. When someone mentions one of our core beers, such as kimchi sour, we want them to think, “Isn’t that from Dokkaebier”?
We hope that one day, Dokkaebier will be a household name and synonymous with Asian craft beer. In the near future, we might also move beyond craft beer. Dokkaebier could also introduce adults to other alcohol, like spirits, with our Asian-influenced style.
As a company, Dokkaebier values adventurousness, shape-shifting, and indulgence. We want to be available in other regions and different types of alcohol, as it aligns with our adventurous and shape-shifting spirit. For us, staying true to our roots means exploring the world and sharing our spirit with others.
ADVICE FOR THOSE WHO WANT TO ENTER THE CRAFT BEER INDUSTRY
The alcohol industry can be challenging as an entrepreneur, especially as a startup founder. I recommend working at a craft brewery or alcohol company for at least a few months. It is a great way to get paid to learn and find a mentor.
As an underrepresented minority in the industry, do not be shy. Once you find an opportunity, look for ways to bring your unique perspective to the business. Combining your unique voice is an important step to differentiate your personal and future craft beer brand from everyone else.
CONNECT WITH YOUNGWON
Website: enjoydkb.com
Instagram: @dokkaebier
- 8 min read