- Business
- Chokwang Leather Co.,Ltd. is a South Korea-based company primarily engaged in the manufacture and distribution of leather products. Founded in 1936 and headquartered in Cheongju-si, Chungcheongbuk-do, the company offers an extensive range of leather products including automotive leather components such as seat covers, headrests, armrests, steering wheels, door trims, dashboards, and knobs. It also produces fashion leathers including full grain, shrunken, vegetable tanned, oil type, corrected grain, and waterproof varieties used in shoes, handbags, wallets, belts, and related accessories. Additionally, Chokwang supplies leather materials for furniture and other products and provides byproducts from the leather manufacturing process. The company serves domestic and international markets including China, Hong Kong, India, Thailand, and Vietnam.
In terms of recent developments, Chokwang Leather has not publicly announced major acquisitions or funding rounds in the past two years but continues to focus on strategic expansion of its product portfolio and geographic reach in key Asian markets. The company authorized a share buyback plan in 2017, indicating shareholder value enhancement efforts. It maintains a certified supplier status for quality assurance and continues to invest in eco-friendly leather processing technologies, aligning with industry trends towards sustainable materials.
Chokwang Leather operates within the consumer durables sector, specifically targeting auto parts and fashion industries with its high-quality leather products. The company employs over 240 people and is publicly listed on the Korea Stock Exchange under the ticker 004700.KS. Its product range, combined with gradual international market expansion and sustainability initiatives, positions Chokwang Leather as a reputable player in the global leather manufacturing and distribution industry.