No, Olay is not a Korean brand.
Olay, previously known as Oil of Olay, is an American skincare brand owned by Procter & Gamble. While Olay products are sold and popular in many countries, including Korea (as evidenced by its presence on Korean e-commerce sites like CosmoStore), its origins and ownership firmly place it as an American company. The brand's association with Korean skincare routines and the availability of Olay products in Korea doesn't change its American heritage. Numerous online sources and the brand's official website confirm this information. For example, Olay's official site showcases its products without mentioning Korean origins. Additionally, articles discussing Korean skincare often mention Olay as a Western alternative, highlighting the distinction between the two. For example, see this blog post comparing Asian and Western skincare: http://www.projectvanity.com/projectvanity/asian-vs-western-skincare.