Who Owns Hansae Company?

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Who Owns Hansae Co., Ltd.?

Delving into the ownership of a major global manufacturer like Hansae Co., Ltd. offers a unique lens through which to view its strategic decisions and market influence.

Established in 1982, Hansae has grown into a significant player in the international apparel industry, renowned for its OEM and ODM capabilities.

Its journey from a local enterprise to a publicly traded entity on the Korea Stock Exchange in 2009 reflects a dynamic evolution in its stakeholder base.

Understanding the current ownership structure provides crucial insights into the company's governance and future direction.

Hansae Co., Ltd., a prominent global apparel manufacturer, began its operations in Seoul, South Korea, in 1982. The company has built a strong reputation for its Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM) services, catering to a wide array of international fashion brands. With a robust global footprint encompassing 14 production facilities across seven countries and dedicated R&D centers in Seoul and New York, Hansae is a subsidiary of Hansae Yes24 Holdings Co., Ltd. The company's commitment to quality and efficient supply chain management has been a cornerstone of its success, contributing to its significant market position. Its stock has been traded on the Korea Stock Exchange (KSE: 105630.KS) since March 20, 2009, indicating a shift towards broader public ownership and increased transparency in its corporate structure. Analyzing the Hansae BCG Matrix can further illuminate its product portfolio's strategic importance.

The hansae company ownership is a key factor in understanding the hansae group owner and the overall hansae corporation structure. As a publicly traded entity, a significant portion of hansae company stock ownership is held by public shareholders, alongside institutional investors. The hansae group executives play a vital role in managing the company's operations and strategic planning. The hansae company history reveals a steady growth trajectory, marked by expansion and a focus on innovation within the apparel manufacturing sector. Tracing the hansae apparel owner and the hansae international owner provides a comprehensive view of the company's leadership and investment landscape. Examining hansae company annual report and hansae company financial statements offers detailed insights into its performance and the distribution of its ownership. The hansae company subsidiaries operate under the umbrella of the parent company, contributing to its diversified business activities.

Hansae Co., Ltd. was founded in 1982 by Kim Dong-nyung, who continues to lead the organization as the Chairman of Hansae Yes24 Holdings. While the specifics of the initial equity distribution among the founders or any early angel investors are not detailed in the available information, Kim Dong-nyung's leadership was instrumental in establishing the company's trajectory. The foundational vision was to become a global leader in apparel manufacturing, leveraging Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM) models to collaborate with prominent international brands.

The company's headquarters remain situated in Seoul, South Korea, a testament to its origins. A significant structural change occurred in 2009 when Hansae Yes24 Holdings was established as a holding company through an equity spinoff. This move indicated a strategic restructuring of the original ownership and control, aiming to create a more diversified group that also ventured into the cultural content sector.

Founding Year

Hansae Co., Ltd. was established in 1982, marking the beginning of its journey in the apparel industry.

Founder and Chairman

The company was founded by Kim Dong-nyung, who currently holds the position of Chairman of Hansae Yes24 Holdings.

Early Business Model

The initial focus was on becoming a global leader in apparel manufacturing through OEM and ODM services, partnering with major international brands.

Headquarters

The company's operational base and headquarters are located in Seoul, South Korea, reflecting its national roots.

Holding Company Formation

In 2009, Hansae Yes24 Holdings was created as a holding company via an equity spinoff, signifying a diversification strategy.

Diversification

The establishment of the holding company facilitated expansion into new sectors, including cultural content, alongside its core apparel business.

Early Ownership Structure

Information regarding the precise initial equity split among founders or early investors is not publicly detailed. However, the company's growth into a global apparel entity was driven by the vision set forth by its founder, Kim Dong-nyung.

• Founder: Kim Dong-nyung
• Establishment Year: 1982
• Holding Company: Hansae Yes24 Holdings (established 2009)
• Core Business: Apparel manufacturing (OEM/ODM)
• Geographic Origin: Seoul, South Korea
• Strategic Expansion: Diversification into cultural content

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Hansae Co., Ltd. became a publicly traded entity following its Initial Public Offering (IPO) on March 20, 2009. A pivotal aspect of its ownership structure is its status as a subsidiary under Hansae Yes24 Holdings Co., Ltd. This parent-company relationship significantly influences the hansae company ownership landscape, consolidating control and strategic direction. As of April 10, 2025, Hansae Yes24 Holdings Co., Ltd. stands as the largest shareholder, possessing 51.28% of Hansae Co., Ltd.'s shares, which equates to 20,195,308 shares. This substantial holding underscores the dominant position of the holding company in determining the overall trajectory of Hansae Co., Ltd.

The founder, Kim Dong-nyung, and his family maintain a significant presence in the hansae group owner structure, holding both direct and indirect stakes. Past disclosures indicate that CEO Dong Nyeong Kim and his family directly own 14% of Hansae Co., while Hansae Yes24 Holdings, which is itself 64% owned by Mr. Kim and his family, holds an additional 42%. This dual ownership mechanism highlights the enduring influence of the founding family on the company's governance and strategic decisions, solidifying their role as the primary hansae group owner.

Institutional investors are key players in the hansae company stock ownership, with the National Pension Service holding a substantial 8.12% stake as of June 22, 2025. Other significant institutional stakeholders include The Vanguard Group, Inc. at 1.19% (as of May 30, 2025), Norges Bank Investment Management at 0.65% (as of June 29, 2024), and Dimensional Fund Advisors LP at 0.61% (as of May 30, 2025). These holdings by institutional investors suggest confidence in the company's stability and growth potential. The collective ownership by minority and public shareholders accounts for approximately 31% of Hansae Co. As of July 18, 2025, Hansae Industrial's market capitalization was $313 million with 39.4 million shares outstanding. The centralized control by Hansae Yes24 Holdings facilitates strategic diversification, extending beyond apparel manufacturing into sectors like cultural content, as seen with subsidiaries such as Yes24, and offering insights into the Revenue Streams & Business Model of Hansae.

Understanding Hansae's Ownership Structure

Hansae Co., Ltd.'s ownership is primarily concentrated, with its parent company holding a majority stake. This structure allows for strategic alignment across its diverse business ventures.

• Hansae Yes24 Holdings Co., Ltd. is the largest shareholder.
• The founding family maintains significant influence.
• Institutional investors represent a notable portion of ownership.
• Public shareholders collectively own a substantial minority stake.

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As of December 2023, Hansae Co., Ltd. operates with a Board of Directors comprising three inside directors and three independent directors. The Chief Executive Officer of the company holds the position of Chairman of the Board. Key leadership figures include CEO Gyeong Kim, appointed on December 22, 2022, and CEO Ik-Hwan Kim, who has been with the company since March 26, 2015. Dong-Nyung Kim, the company's founder, also contributes as a Director/Board Member, having been appointed on January 6, 2009. This structure is designed to foster robust corporate governance and safeguard the interests of all stakeholders by integrating diverse expertise and promoting transparency.

Hansae Co., Ltd. has demonstrated a commitment to enhancing its corporate governance framework. This is reflected in its inclusion in the KRX 2024 Korea Value-up Index and its recognition with the 'Grand Prize 2024 K-ESG management' for two consecutive years. Further strengthening its governance, in May 2024, a provision for director appointments was incorporated into the Board of Directors charter. The company has also publicly shared a three-year mid-term dividend policy within its corporate governance report and on its website. For the past three years (2021, 2022, and 2023), Hansae has utilized an electronic voting system for its Annual General Meetings. The voting power within the company generally adheres to a one-share-one-vote principle, with no indications of dual-class shares or special voting rights that would grant disproportionate control to any single entity beyond their proportional shareholding, including major shareholders like Hansae Yes24 Holdings Co., Ltd.

The voting structure at Hansae Co., Ltd. is built upon the fundamental principle of one-share-one-vote, ensuring that voting power is directly proportional to share ownership. This approach is crucial for maintaining equitable shareholder representation and aligns with best practices in corporate governance, especially when considering the broader Competitors Landscape of Hansae.

Corporate Governance Enhancements

Hansae Co., Ltd. has actively pursued initiatives to strengthen its corporate governance. These efforts are recognized through its inclusion in key market indices and ESG awards.

• Inclusion in the KRX 2024 Korea Value-up Index.
• Received the 'Grand Prize 2024 K-ESG management' for two consecutive years.
• Established a provision for director appointments in the Board of Directors charter in May 2024.
• Posted a three-year mid-term dividend policy.
• Implemented an electronic voting system for Annual General Meetings for three consecutive years (2021-2023).

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Over the past few years, Hansae Co., Ltd. has seen significant shifts in its ownership and strategic direction. A key development in 2024 was the acquisition of Texollini, a U.S.-based textile manufacturer, signaling a move towards enhanced vertical integration. The company also expanded its operational footprint by incorporating new operations in El Salvador during the same year. Further consolidating its position, Hansae Yes24 Holdings Co., Ltd. acquired an 8.1941% stake in Hansae Co., Ltd. for KRW 60 billion, reinforcing its majority ownership and underscoring the interconnectedness within the broader Hansae group structure.

Hansae's financial performance in 2024 demonstrated growth, with revenue reaching KRW 1,797,795.75 million (approximately $1.33 billion as of March 31, 2025), an increase from KRW 1,708,756.43 million in the previous year. The company projected sales to climb to KRW 1.78 trillion by 2025, with a target of over 6% sales increase. Net income for the full year 2024 stood at KRW 58,036.51 million. Strategic expansion continues with a focus on Latin America and Vietnam, including the establishment of new production plants. The Hansae Yes24 Holdings Group anticipates achieving sales of 2.8 trillion won (approximately $2.05 billion) and an operating profit of 193.8 billion won in 2024. Industry trends indicate a rise in institutional ownership, with the National Pension Service maintaining a substantial stake in Hansae. The company's strategy emphasizes sustainable growth through mergers, acquisitions, and diversification into new business areas, reflecting a dynamic approach to its corporate structure and market presence.

The ownership trends within Hansae Co., Ltd. show a clear pattern of strategic consolidation and expansion. The increased stake by Hansae Yes24 Holdings Co., Ltd. highlights a move towards greater control and synergy within the group. This is complemented by the company's aggressive pursuit of growth through acquisitions and international market penetration, as seen with Texollini and operations in El Salvador. Understanding the Brief History of Hansae provides context for these recent developments and the evolving hansae company ownership landscape.

Strategic Acquisitions

Hansae's acquisition of Texollini in 2024 signifies a commitment to vertical integration. This move aims to strengthen its supply chain and manufacturing capabilities. Such strategic investments are crucial for maintaining competitiveness in the global textile market.

Global Expansion

The company is actively expanding its global presence, particularly in Latin America and Vietnam. New production plants are being established to support this growth. This geographic diversification is key to the hansae group's long-term strategy.

Consolidated Ownership

Hansae Yes24 Holdings Co., Ltd.'s increased stake in Hansae Co., Ltd. solidifies its majority ownership. This move suggests a unified approach to management and future investments. It is a significant factor in understanding who owns Hansae.

Financial Outlook

With projected sales growth and a focus on operational efficiency, Hansae is positioned for continued financial success. The company's revenue for 2024 was approximately $1.33 billion. This financial strength supports its ambitious expansion plans.

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