Shinwon's Kuningan subsidiary in Indonesia [Shinwon]
Shinwon's Kuningan subsidiary in Indonesia [Shinwon]

Shinwon announced Tuesday that it posted consolidated second-quarter sales of 309.9 billion won ($219 million), surpassing 300 billion won for the first time in the company's history. Operating profit jumped 644 percent year-on-year to 7.5 billion won, achieving both top-line growth and improved profitability.

For the first half of the year, cumulative sales rose about 10 percent from a year earlier to 590.7 billion won, a record for any half-year period. Operating profit climbed roughly 92 percent to 13.8 billion won. The company attributed the results to parallel growth in its export and domestic fashion segments, driven by stronger global supply chain competitiveness and higher brand value.

In the export segment, second-quarter sales and operating profit jumped 11 percent and 217 percent, respectively, from a year earlier. A restructuring of the global production network, expanded production lines and a rise in orders from key buyers combined to drive both revenue growth and margin improvement.

The domestic segment also delivered a 150 percent year-on-year increase in second-quarter operating profit, building on gains from the first quarter. Strategies to streamline retail networks and strengthen product competitiveness continued to pay off. The men's wear brand Ziiik maintained steady sales growth at major premium outlets, while Fahrenheit — leveraging exclusive model Kim Woo-bin in online marketing campaigns and diversifying its sales channels — achieved both top-line growth and profitability improvement.

The women's wear brand Vesti Belli expanded large-scale promotional events at newly opened street stores and major shopping centers, including Starfield Unjeong, to boost sales. Canali, an Italian luxury brand whose imports Shinwon distributes in Korea, strengthened its product lineup by balancing global collections with items tailored to Korean body types. A VIP customer management program also proved effective in building brand loyalty.

In the second half, Shinwon plans to continue strategically restructuring its global production bases and expanding capacity, while deepening partnerships with existing buyers and accelerating efforts to secure new ones. The company also intends to raise data utilization across manufacturing operations — including production planning and process management — through AI transformation.

"These results reflect the export and domestic fashion segments each strengthening their competitive edge and growing together," Vice Chairman Park Jeong-bin said. "We will continue to refine our business fundamentals and build on this growth momentum to sustain steady profitability improvement."


spa@heraldcorp.com