Youngone111770.KS

About Youngone

Youngone Corporation is one of the world's larger contract manufacturers of outdoor and athletic apparel, producing jackets, sportswear, footwear, and technical textiles for global brands on an OEM basis. The company runs extensive production complexes in Bangladesh, where it developed the Korean Export Processing Zone near Chittagong, along with plants in Vietnam, El Salvador, and other locations chosen for cost and trade access. Customers are chiefly Western outdoor and sports labels, and Youngone earns manufacturing margins on their volume orders. The company serves as the main operating arm of the Youngone Holdings group, founded by chairman Sung Kihak.

Investors abroad view Youngone as a pure export manufacturer whose fortunes track apparel ordering cycles at U.S. and European brands; inventory corrections at retail translate quickly into order swings. Concentration in Bangladesh brings labor-cost advantages alongside country-specific risks, from politics to infrastructure, while trade policy toward garment-exporting nations is a standing sensitivity. Revenue is largely dollar-denominated against a local-currency cost base, so exchange rates cut both ways. The company sits under a listed parent, Youngone Holdings, so group-level ownership arithmetic accompanies any position in the operating entity.

Chairman Sung Kihak founded Youngone in 1974 as a small exporter of outdoor garments, winning early orders for down-filled jackets from Western brands. The company moved into Bangladesh in 1980, among the first foreign manufacturers there, and later spearheaded the private Korean Export Processing Zone near Chittagong. Over the decades it added fabric mills, down processing, and footwear lines, becoming vertically integrated from raw material to finished product. In 2009 the group reorganized: the original listed entity became Youngone Holdings, while manufacturing operations were spun into a newly listed Youngone Corporation, the company that trades under ticker 111770 today.

Youngone earns manufacturing revenue on orders placed seasons in advance by outdoor and athletic brands, quoting prices per garment that reflect fabric content, technical complexity, and volume. Because it produces many of its own textiles and processes down internally, it captures margin at several stages rather than assembling alone. High-specification outerwear, with taped seams and engineered fabrics, commands better pricing than commodity apparel, so product mix matters as much as unit volume. Long relationships with quality-sensitive customers raise switching costs, positioning Youngone toward the premium end of Asian garment contracting rather than competing purely as the lowest-cost supplier.

Company profile by LineVest editorial. Journalism, not investment advice. Commission a full DART-based report on Youngone →