Youngone Corp., Korea’s representative outdoor apparel company, is exploring new manufacturing centers to expand its global network.
Youngone is seeking to find new manufacturing sites, such as Uzbekistan and Kenya.
The company is now building plants in El Salvador and Guatemala. Youngone is also continuing investments in Bangladeshi.
Uzbekistan is located at a mid-point between Europe and Korea.
Youngone is considering investing in Uzbekistan to explore a production center in the Eurasian market.
Youngone Chairman Sung Ki-hak was quoted as saying, “We, hoping Uzbekistan’s stability and prosperity, will cooperate with the local government.”
Next, Youngone is trying to explore a production center in Kenya.
The company began to invest in Ethiopia, Africa, and now failed to go further due to a civil war there.
Youngone is turning to Kenya, expecting to target not only African and European markets, but also covering part of Asia.
Youngone expects Kenya to serve as a production center targeting the African and European markets.
The company plans to build two plants by investing $120 million in Kenya.
Chairman Sung was quoted as saying that Kenya is a developed country in the agriculture and textile industries, but the African country lacks a competitive edge in the chemical textile and garment segments, and Youngone, seizing Kenya’s potential, will produce quality products by utilizing local manpower and technologies.
El Salvador and Guatemala are major hubs for South American markets. Youngone is building two plants in El Salvador and one plant in Guatemala.
They are to be dedicated by the end of this year. Chairman Sung was quoted as saying that the South American market has a greater demand on outdoor apparels, and The Northface and Lululemon, Youngone’s major buyers, have a good reception in South America.
Bangladesh is Youngone’s long-time partner country. The company employs about 90,000 workers there by investing $1.1 billion.
The company continues to invest in the production of eco-friendly products.
Fabric production facilities have been listed into Bluesign system partners, the first such one in Bangladeshi, and major items have obtained Bluesign system partner certificates. Youngone have implemented diverse ESG initiatives.
Youngone is targeting the middle class or higher of India, a huge market with a population of 1.4 billion people.
Youngone is Korea’s first OEM maker to have invested into India.
The company plans to build 12 plants in Kakatiya Mega Textile Park in Warangal, Telangana.
Youngone Founder-cum Chairman Sung is Korea’s representative figure in the outdoor industry. He has been in the industry for nearly a half century.
In 1997, he introduced the U.S. outdoor brand “The Northface” through his subsidiary company Goldwin Korea, grabbing an opportunity to catapult Youngone into the nation’s top outdoor company.
Youngone Corp. dates back to Chairman Sung’s establishment of an apparel production, import and sales company in 1974 at age of 27, at the request of a foreign buyer.
Youngone has continued to producing OEM products as a sports and outdoor company.
Youngone’s long-time clienteles include globally recognized brands, such as Patagonia, Adidas, Lululemon on top of The Northface.
Thanks to the expertise the company has accumulated, Youngone is on a roll in the global outdoor apparel and footwear industry.
Youngone Vice Chmn. Sung Publishes Book “Permanent Lesson’
Youngone Corp. Holdings President and Youngone Group Vice Chairman Sung Rae-eun published a book, titled “Permanent Lesson,” in her respect and tribute to her father and mentor, Chairman Sung Ki-hak.
In the book, Vice Chairman Sung reflects all things of management she has learned from Chairman Sung – human respect, honesty, sincerity and consideration.
The book tells a 100-year future vision under the catchphrase “Zero Loss Legend Keeps On Forever” and “Inhering Founding Spirit: Shared Growth and Sustainable Growth.”
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