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| Hansae CEO Kim Ik-whan / Courtesy of Hansae |
By Kim Jae-heun
Hansae CEO Kim Ik-whan promised to provide a new growth engine via the company's unique corporate culture on its 40th anniversary on Wednesday.
According to Hansae, Kim shared his plan to continue the company's 100 years of business by discovering new growth engines through its creative and innovative corporate culture.
Hansae is a global fashion firm founded by Kim Dong-nyung, chairman of Hansae Yes24 Holdings, in 1982. In 2009, Hansae Yes24 Holdings was established as a current holding company through an equity spinoff. It operates 20 companies and nine overseas offices in nine countries around the world with 50,000 workers employed.
Haesae's exports amount to 400 million annually. It has partnerships with popular global fashion brands such as GAP, H&M and American Eagle.
The fashion company diversified its business into the culture content sector by acquiring Yes24, the country's largest online bookstore, in 2003 and taking over the educational content company, Dong-a Publishing, in 2014. Yes24 also entered the online content business by acquiring Bookpal, a local webtoon and web novel platform, this year.
Kim senior graduated from Seoul National University and obtained his master's degree at the Wharton School of Business Administration. The younger Kim studied at Korea University and completed his MBA degree at George Washington University.
CEO Kim joined Hansae in 2004. He has reorganized the corporate culture more flexibly and adopted an advanced IT system to maximize the work efficiency of employees.
The company's unique Hansae Advanced Management System collects the flows of all production processes in data and enables the real-time monitoring of its companies around the world at its headquarters here. Since 2017, Hansae has been seeking to implement an eco-friendly management system and reducing waste by producing virtual samples of its apparel with its own three-dimensional design technology.
Hansae's sales in the third quarter of this year reached 588.3 billion won ($444.87 million), and its annual revenue is expected to exceed 2 trillion won.
"We will continue to seek growth through performance-oriented, fair evaluations and to increase work efficiency by utilizing advanced IT technology," CEO Kim said.
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