• 2025.10.26 (Sun)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > Industry

Samduk Corporation Rises from the Ashes of Kaesong Industrial Complex

KO YONG-CHUL Reporter / Updated : 2024-11-16 10:36:34
  • -
  • +
  • Print


Seoul, South Korea – Samduk Corporation, a South Korean footwear manufacturer, has made a remarkable recovery after losing its entire production facility in the Kaesong Industrial Complex following its closure in 2016. The company has successfully expanded its operations in Vietnam, turning adversity into opportunity.

Established in 1997 and headquartered in Busan, Samduk Corporation quickly grew to become a major player in the footwear industry. In 2000, just three years after its inception, the company received a $10 million export award. By 2008, Samduk had established a significant presence in the Kaesong Industrial Complex, operating a factory known as "Samduk Starfield" that employed 3,500 workers and produced 3.6 million pairs of shoes annually.

However, the abrupt closure of the Kaesong Industrial Complex in 2016 dealt a severe blow to the company. Samduk was forced to abandon its factory, equipment, and raw materials in North Korea without adequate compensation. Despite facing the imminent threat of closure, Samduk remained committed to fulfilling its orders to customers. The company outsourced production to over 20 small-scale manufacturing facilities in China to ensure that all orders were delivered on time. This commitment to customer satisfaction strengthened its relationships with buyers.

In 2017, Samduk established a new production facility in Long An Province, Vietnam, named "Samduk Vietnam." The following year, it opened another factory, "Youngin Vina," in Binh Duong Province, Vietnam, to produce shoe components. In 2019, the company further expanded its global footprint by establishing a safety shoe manufacturing facility, "OFN," in Indonesia.

Thanks to its resilience and dedication, Samduk Corporation achieved a significant milestone in December 2022, receiving a $30 million export award.

Samduk Corporation is currently constructing a new factory in An Giang Province, Vietnam, with a capacity to produce 4.8 million pairs of shoe components. The company, which produces shoes for renowned brands such as K2, Black Yak, MLB, and North Face through original equipment manufacturing (OEM), is also actively involved in research and development, holding 27 patents, 5 utility models, 8 designs, and 7 trademarks.

"The closure of the Kaesong Industrial Complex posed a major challenge, but fulfilling our commitments to our customers strengthened our relationships and built trust," said Moon Chang-seop, Chairman of Samduk Corporation. "We are now receiving orders for high-value-added products from Europe, including Germany."

Samduk Corporation's success story is a testament to the company's resilience, adaptability, and commitment to its customers. 

[Copyright (c) Global Economic Times. All Rights Reserved.]

KO YONG-CHUL Reporter
KO YONG-CHUL Reporter
Reporter Page

Popular articles

  • The Imminent Reality: Donald Trump's Unlikelihood for the Nobel Peace Prize as a Destroyer of International Order

  • "Trump's Delusion for the Nobel Peace Prize: The Award He Deserves is 'The NO PEACE Prize'"

  • McDonald's 'Subtle Racism' Controversy: Korean American Denied Order After 70-Minute Wait

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065576616718454 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Melody in the OR: Parkinson's Patient Plays Clarinet During Brain Surgery
  • South Korea to Launch Government-Led AI Certification to Combat Market Confusion
  • South Korean Chip Titans Clash Over Next-Gen HBM4 Memory
  • Hwangnam-ppang: Gyeongju's 85-Year-Old Secret to Sweet Success
  • Kia Inaugurates New CKD Plant in Kazakhstan, Accelerating Global Supply Chain Diversification
  • Korean Expatriates in Cambodia Face Economic Crisis and Anti-Korean Sentiment Amid Crime Wave

Most Viewed

1
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
2
Gyeongju International Marathon Elevated to 'Elite Label' Status, Welcomes Record 15,000 Runners  
3
Deadly Clan Clashes Erupt in Gaza as Israeli Forces Withdraw
4
South Korean Chip Titans Clash Over Next-Gen HBM4 Memory
5
Global Chip War Intensifies: Micron Woos Korean Engineers with Lucrative Offers, Up to 200 Million KRW Salary
광고문의
임시1
임시3
임시2

Hot Issue

Minister Choi Hwiyoung Vows 'One-Strike Out' Policy Amidst Surge in Abuse Reports

ROK President Lee Faces Major Diplomatic Test with APEC Super Week

Chinese Researchers Unveil Ultra-Fast Analog Chip, Targeting 1,000x Nvidia Speed

Melody in the OR: Parkinson's Patient Plays Clarinet During Brain Surgery

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE