[Edaily Reporter Shin Ha-yeon ] Hojeon Industries ( Hojeon(111110)) announced on the 29th that it will unveil a plan to enhance corporate value by the end of the year and take steps to increase shareholder value. The company plans to expand its next-generation functional materials and eco-friendly upcycling businesses based on its existing apparel manufacturing operations, while also establishing a medium- to long-term shareholder return policy.

Hojeon announced in a regulatory filing that day that it would disclose its corporate value enhancement plan during the fourth quarter of this year. Specific shareholder return measures and mid- to long-term goals will be disclosed in future announcements.

Hojeon is a high-performance apparel manufacturer that supplies products to global brands, with a focus on sports and outdoor apparel. Recently, the company has been expanding its business into the development of functional fabrics and eco-friendly materials by leveraging the technological expertise accumulated through its existing manufacturing operations.

One pillar of its new business initiatives is the development of next-generation functional fabrics in collaboration with New Risen. Hojeon is the only apparel company partnering with New Risen; the company plans to enhance product competitiveness by integrating New Risen’s cutting-edge material technology with its own fabric and apparel manufacturing expertise.

The company is also pursuing an upcycling business that transforms discarded clothing and fabric scraps into new industrial materials. The strategy is to secure new business opportunities by utilizing resources generated during the existing apparel manufacturing process to create high-value-added materials.

In particular, the company plans to use the upcycling business as a foundation to comply with the European Union’s (EU) Digital Product Passport (DPP) system. The DPP is a system that digitally provides information covering the entire product lifecycle, including material composition, country of origin, and environmental data.

Hojeon anticipates that demand for supply chain transparency and product traceability will grow in the textile and apparel industries, and plans to advance its use of recycled materials and its resource circulation system.

Through this expansion into new businesses, the company aims to diversify its existing business structure—which has been centered on apparel manufacturing—and secure growth momentum for the medium to long term. The corporate value enhancement plan to be announced in the future is expected to include strategies that link strengthening business competitiveness with expanding shareholder value.

A Hojeon official stated, “This value-enhancement announcement will serve as an opportunity to link these efforts to strengthen business competitiveness with the goals of enhancing corporate value and expanding shareholder value,” adding, “We plan to establish a virtuous cycle in which we solidify the foundation for corporate growth while sharing the fruits of that growth with our shareholders.”