Brand VerifiedSouth Korea

Youngone Corporation

Youngone Corporation is the undisputed global leader in outdoor sportswear and equipment OEM/ODM manufacturing, and the parent company of world-renowned bicycle brand Scott Sports. Founded in Seoul in 1974 by the Sung Ki-hak family and listed on the Korea Stock Exchange (ticker: 111770), the company operates through a vertically integrated manufacturing model, deeply focusing on Sustainable Fashion. It provides end-to-end solutions from fiber R&D and functional fabric production to finished goods for top-tier global brands such as Nike, Patagonia, Lululemon, and The North Face, operating over 30 factories across six countries including Bangladesh, Vietnam, and Ethiopia, with approximately 94,000 employees worldwide. With 2025 revenue reaching KRW 4.06 trillion (approx. $3.05 billion), marking a 15.5% year-on-year increase and a 63% surge in operating profit, Youngone stands as a pioneer in sustainable manufacturing. In 2025, it fully implemented waterless dyeing technology and biomass energy,large-scale application recycled polyester (rPET) in down jackets and insulation, and committed to a 40% emission reduction by 2030. Its zero-carbon plant in Nam Dinh, Vietnam, has become an industry benchmark, while the AI-driven Tekvision digital transformation project in Bangladesh further solidifies its global leadership in eco-functional apparel. Strengths: Youngone's core strength lies in its rare full-industry-chain vertical integration, from polyester fiber production and functional fabric development to finished goods, achieving 95% self-sufficiency in synthetic fibers and establishing formidable technical barriers in outdoor apparel. As a premier supplier to Nike, Patagonia, and others, it deeply bonds with top-tier clients and strategically leapfrogged from OEM to brand ownership via full acquisition of Scott Sports. In sustainable fashion, its large-scale adoption of waterless dyeing, biomass energy, and rPET positions it as a global technology benchmark in eco-functional apparel. Weaknesses: Youngone's primary weaknesses stem from the February 2026 asset concealment scandal, where Chairman Sung Ki-hak was referred to prosecutors for hiding 82 affiliates and inflating assets by KRW 3.24 trillion, severely damaging corporate reputation and compliance image. Heavy reliance on OEM orders exposes it to geopolitical risks (e.g., Bangladesh labor issues, US-China trade tensions) threatening supply chain stability. Additionally, while full control over Scott Sports is secured, brand management challenges during integration remain significant.

Business Nature

Vertically integrated multinational group. Combining top-tier OEM/ODM capabilities with independent brand operations.

Core Business Areas

14. Sustainable Fashion : Core Research Category Recycled Fabrics Products: : Core Business: Large-scale production of shell jackets and quilted fillings using recycled polyester rPET Closed-Loop Design Apparel: Eco-Functional Apparel: : Core Business: Development of waterless dyeing technology and PFC-Free DWR Durable Water Repellent

Industry Rankings

4Manufacturer Rankings in the Eco-friendly Clothing Manufacturers Industry

Mfr

Corporate Report

Youngone Corporation, headquartered in Seoul, South Korea since 1974, stands as one of the world's most influential forces in the outdoor sports apparel manufacturing industry. The company operates as a vertically integrated conglomerate, combining high-scale OEM/ODM production with proprietary brand management—including full ownership of premium bicycle brand Scott Sports. With approximately 94,000 employees across six countries and annual revenues approaching $3.05 billion USD, Youngone has quietly become the unseen backbone powering global brands such as Nike, Patagonia, Lululemon, and The North Face.

Core Business

Youngone's manufacturing empire centers on the production of high-performance outdoor apparel and sportswear, commanding an annual capacity exceeding 80 million units of premium functional outerwear. The company operates as a Tier-1 supplier to the world's most prestigious athletic and outdoor brands, providing both original equipment manufacturing and original design manufacturing services. Its core production categories span men's outdoor jackets, women's functional sportswear, performance athletic footwear, professional mountaineering backpacks, and advanced sports equipment—particularly through its Scott Sports division, which produces bicycle footwear and cycling gear. The company has also developed significant in-house capabilities in high-tech fabric research and sustainable textile innovation, with 95% of production utilizing man-made fibers manufactured through its own vertically integrated polyester production lines.

Global Presence

Youngone maintains a sprawling global footprint spanning 17 markets worldwide, with manufacturing bases distributed across six countries including Bangladesh, Vietnam, El Salvador, Ethiopia, Uzbekistan, and India. The company's flagship operation, the Korea Export Processing Zone (KEPZ), covers an expansive 2,492 acres of industrial infrastructure. Its Bangladesh operations alone encompass over 30 vertically integrated factories employing approximately 70,000 workers, while its newly established Telangana facility in India began full-scale production in 2025. With a total global workforce of approximately 94,000 employees, Youngone has strategically positioned itself to serve major international brands while navigating geopolitical complexities through geographic diversification.

Key Strengths

Youngone's competitive advantage stems from its unparalleled vertical integration—maintaining complete control over the entire supply chain from fiber production and fabric development through final assembly and packaging, achieving 100% self-sufficiency in manufacturing processes. In 2025, the company achieved a remarkable 63% year-over-year surge in operating profit to approximately $380 million USD, demonstrating exceptional financial resilience and operational efficiency. The company's landmark acquisition of Scott Sports, now 97% owned following the ICC-mediated settlement in December 2025, marks its successful transformation from a pure-play contract manufacturer into a diversified "manufacturing plus brand" enterprise.

VerityRank Score

VerityRank Score of 84/100

VerityRank Score

84/ 100

Based on market presence, financial scale, operational capacity, and brand strength.

Quick Facts

Headquarters

Seoul, South Korea

Founded

1974

Employees

94K+

Factories

30+

Listing

Publicly Listed

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: Refer to the official company website and public filings.

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