The following is a translated summary of a report from the local press. It has been edited for clarity, including the addition of links and information needed for readers unfamiliar with Jeju. — Ed.
Jeju outdoor clothing company BLACKYAK Corporation has set a sales target of 4 trillion won (US$3.6 billion) by 2020, according to chairman Kang Tae-sun. Mr. Kang revealed the company’s plan at a meeting on March 5 held at the Hilton Grand Hotel in Hongeun-dong, Seoul, to mark the firm’s 40th anniversary celebration.
The company operates 260 stores in China with 2012 sales reaching 55 billion won. They aim to increase this presence to 800 stores with a corresponding 400 billion won in sales by 2015. Within four years it is aiming at 200 billion won in sales in China alone.
The company recorded a combined total sales figure of 625 billion won from its two brands and a subsidiary business in 2012. — Halla Ilbo