Hyosung Group chairman Cho Hyun-jun is expanding the group’s presence in Chinese clothing market. At the recent Intertextile Shanghai 2018 fair in Shanghai from September 27-29, 2018, he met officials from Chinese lingerie maker Maniform, Chinese Sportswear Company Anta and Chinese clothing brand Yishion during the event to discuss measures to expand cooperation.
year, Cho has been strengthening on-site management of the group's global operations. In February, he met with Vietnam’s Prime Minister Nguyen Xuan Phuc to discuss ways to bolster business and cooperation. He revealed plans to construct a spandex factory in India during a meeting with Indian Prime Minister Narendra Modi. In August, Cho sat down with Zhejiang Gov. Yuan Jiajin to examine ways to achieve mutual growth.
China’s clothing market was valued at 1.8 trillion yuan, ($261.09 billion), as of 2016. The market has been growing at over 5 per cent every year. Hyosung took part in the event with 21 global clients, including China's textile company Ya Tai and Vietnam’s Hung Yen Knitting & Dyeing Co., and helped their sales activities and consultations.
