Gamseong Corporation Reports 15.5 Billion KRW in Sales for First Half of the Year... Snow Peak Apparel Shows Growth

[Asia Economy Reporter Hyunseok Yoo] Gamseong Corporation announced on the 18th that it achieved consolidated sales of 15.5 billion KRW in the first half of this year. The company aims to achieve significant sales growth and profit improvement in the second half.

Gamseong Corporation recorded consolidated sales of 15.5 billion KRW in the first half of 2021. The sales in the first half of this year are at a level similar to last year's annual sales. The growth in sales of Snow Peak Apparel was cited as the biggest factor.

Snow Peak Apparel's sales recorded approximately 10 billion KRW, showing a growth rate of 747% compared to the same period in the first half of 2020. Profit and loss also improved significantly.

Gamseong Corporation plans to continue the sales growth trend in the second half by combining two business divisions: the mobile accessories business, which has steadily recorded stable sales, and the rapidly growing Snow Peak Apparel.

To this end, Snow Peak Apparel plans to release the 21FW season pictorial following the 21SS season pictorial featuring actor Ryu Seung-beom. The company expects to achieve sales growth by conducting marketing through various channels while steadily expanding distribution networks to department stores, shopping malls, and major commercial districts.

A company official said, "2021 is certain to be the first year of growth, expecting explosive sales growth and profit through Snow Peak Apparel," adding, "A stable and solid financial structure will also be gradually established."