Fashion Group Hyungji’s 2023 OP up 145%

Songdo Office Building [Courtesy of Fashion Group Hyungji]

South Korea’s Fashion Group Hyungji Co. announced Monday that its estimated operating profit for 2023 stood at 30 billion won ($22.4 million), up 145 percent from a year ago.

The earnings growth came on the back of its company-wide emphasis on profit and partnership with its stores, the company said.

Fashion Group Hyungji manages multiple women’s casualwear brands such as Crocodile Lady, Chatelaine, and Olivia Hassler.

The company’s Vice President Choi Jun-ho vowed the company’s further commitment to business expansion.