Apparel maker Hansae sets sights on auto parts business as growth driver

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Apparel maker Hansae sets sights on auto parts business as growth driver - Korea Economic Daily

Quick Summary:

Kim Suk-hwan said he expects Hansae Yes24 Holdings to post 193.8 billion won in operating profit on sales of 2.8 trillion won this year.“We expect our sales to rise above 3.4 trillion won next year with the acquisition of Erae AMS,” he said.

Vice Chairman Kim Ik-whan – two sons of group Chairman Kim Dong-nyung – and Hansae MK Co.CEO Lim Dong-hwan.“I’m confident that our expected acquisition of Erae AMS will provide the needed boost for our new growth,” said Kim Suk-hwan while unveiling the group’s business strategy.

Globally, the company operates 20 subsidiaries and 10 overseas offices in nine countries, including the US, Vietnam, Myanmar, Indonesia, Nicaragua and Guatemala.“In preparation for the global economic recovery next year, we are making preemptive investments exceeding 400 billion won in key regions,” said Hansae Co.