JS Corp

What JS Corp does

JS Corporation (제이에스코퍼레이션) is a Seoul-headquartered, KOSPI-listed (ticker 194370) global fashion manufacturer founded in 1985, operating as an OEM/ODM producer of luxury handbags and casual apparel. The company manufactures handbags for Burberry, Michael Kors, Coach, GUESS, and DKNY, and produces casual clothing for GAP and Old Navy, with consolidated revenue of KRW 1,228,233M in 2025. It operates eight wholly-owned manufacturing subsidiaries across Vietnam (Ho Chi Minh City and Long An), Cambodia (two Phnom Penh plants), Indonesia (Boyolali and Bogor), China (Dongguan), Japan (Tokyo), and Guatemala (Guatemala City), supplying products to approximately 60 countries including the US, Italy, France, UK, and Japan.

The company's core technology is its Smart Factory platform — automation and efficient production strategies across the multi-country manufacturing footprint — which the company positions as the basis for fashion-tech competitiveness. Pricing is determined via individual OEM contract negotiations with luxury brand headquarters and is not publicly disclosed; contracts are multi-year. The go-to-market is enterprise field sales via direct B2B relationships with brand HQs, supplemented by OEM-embedded distribution. A secondary, much smaller revenue stream is the Roeca (로에카) women's designer sub-brand, sold through Korean online platforms W Concept and 29CM and via international retail partners Shift&Pick (Singapore) and No Tag (Taiwan), with periodic pop-ups (e.g., F/W 2024 at Yeonnam-dong).

Beyond manufacturing, JS Corp made a notable capital allocation into hospitality real estate, acquiring Grand Hyatt Seoul in May 2023 for KRW 730 billion through SPC JS747. The company maintains a shareholder-friendly dividend program (KRW 1,000 DPS in 2024, 6.87% market yield, consistent increases since 2020) and is led by CEO 홍재성 (Hong Jae-sung). Headcount exceeds 10,000 employees, and the company was featured in KBS's 2024 "Middle Market Giants" program as a successful Korean textile/fashion exporter.

Name

JS Corp

Legal name

주식회사 제이에스코퍼레이션

Website

https://jskor.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

JS Corporation is a KOSPI-listed Seoul-based OEM/ODM manufacturer (founded 1985) producing luxury handbags for brands such as Burberry, Michael Kors, Coach, GUESS, and DKNY, and casual apparel for GAP and Old Navy, with eight factories across Asia and Central America.

Ownership category

akta.pro rank

Product category

Luxury Handbag and Apparel Manufacturing

NAICS

Apparel Accessories and Other Apparel Manufacturing (31599), Apparel Manufacturing (315)

SIC

Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300)

akta.pro primary industry

Handbags & Fashion Bags Manufacturing (IMAOAHAA)

akta.pro secondary industries

Luxury Handbags & Leather Goods (CRAAAFAD), Apparel OEM/ODM & Private Label Manufacturing (CRAAAAAK), Contract / Private Label Cut & Sew Manufacturing (OEM/ODM) (IMAOAEAM)

Keywords

• Luxury handbag manufacturing
• OEM apparel production
• Fashion ODM services
• Leather goods manufacturing
• Smart factory manufacturing

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Handbag OEM Manufacturing: Research, development, and production of handbags for luxury brands including Burberry, Michael Kors, and Coach through OEM arrangements
2. Casual Apparel OEM: Manufacturing and export of casual clothing for global brands such as GAP and Old Navy
3. Own Brand (로에카): Proprietary women's designer brand Roeca sold through online curated shops and international retail channels

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

JS Corp designs, develops, and manufactures luxury handbags and casual apparel under OEM and ODM arrangements for global fashion brands including Burberry, Michael Kors, Coach, GAP, and Old Navy, exporting to 60 countries. The company also operates its proprietary women's designer brand ROECA (로에카), offering handbags and accessories through online curated platforms and international retail partners in Singapore and Taiwan.

Product overview

JS Corp operates as a global fashion creator specializing in luxury handbag and apparel manufacturing. The company provides OEM (Original Design Manufacturing) services for prestigious brands including Burberry, Michael Kors, Coach, GUESS, DKNY, GAP, and Old Navy. Additionally, the company has developed its own women's designer brand called Loeka (로에카), which offers luxury handbags such as EMMA, GOTA, MARQURTA S series, and FAVE FLAP MINI. The company leverages smart factory technology for efficient production strategies.

Differentiator

Problem solved

Functional benefit

Brands

• ROECA (로에카): Women's designer brand operated by JS Corp, featuring handbags and accessories sold on W Concept and 29CM, with international expansion to Singapore and Taiwan.

Products and services

• Luxury Handbag OEM/ODM Manufacturing Global luxury handbag design, research and development, and OEM/ODM manufacturing services for prestigious brands including Burberry, Michael Kors, Coach, GUESS, and DKNY, exported to 60 countries.
• Casual Apparel OEM Manufacturing Research, development, and OEM production of casual apparel for major global brands including GAP and Old Navy, with worldwide export.
• ROECA Women's Designer Brand (로에카) Proprietary women's designer brand featuring classic-styled luxury handbags including EMMA, GOTA, MARQURTA S series, and FAVE FLAP MINI, sold through online curated shops W Concept and 29CM in South Korea and expanded to Singapore (Shift&Pick) and Taiwan (No Tag).

Quantifiable outcome

• Supplies to 60 countries globally
• +1 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered minor and core.

• JS747 SPCminorOthers · 1 May 2023Special Purpose Company (SPC) established by JS Corporation to acquire Grand Hyatt Seoul for 730 billion KRW in May 2023.
• Yakjin Trading (약진통상)coreStrategic or Co-development Partner · 1 January 1985Subsidiary company (자회사) of JS Corporation that collaborates with global brands GUESS and DKNY. Acts as the primary trading entity for international business operations alongside JS Corp for manufacturing and exporting handbags.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Tapestry, Inc. US-listed owner of Coach, Kate Spade, and Stuart Weitzman—Coach is a major JS Corp OEM customer. Tapestry represents the brand-owner counterparty in JS Corp's handbag OEM business and shares exposure to North American premium handbag demand cycles.
• Kering: French-listed global luxury conglomerate (Gucci, Saint Laurent, Bottega Veneta). Operates the broader luxury leather goods market in which JS Corp's OEM customers compete. Relevant comparable for end-market demand trends in luxury handbags JS Corp manufactures for Burberry and others.
• Samsonite International: Hong Kong-listed global leader in luggage, bags, and travel accessories. Comparable product category (premium bags and leather goods) and global manufacturing/sourcing footprint. Operates with own brands rather than pure OEM, but is a relevant comparable for the broader luxury/practical bags industry in which JS Corp's handbag OEM operates.
• Capri Holdings: US-listed owner of Michael Kors, Versace, and Jimmy Choo—Michael Kors is one of JS Corp's largest OEM customers. While operating on the brand-owner side rather than as a contract manufacturer, Capri is the relevant upstream demand source for JS Corp's handbag volume and is materially exposed to the same luxury consumer cycle.

Direct peers

• Hansae Co., Ltd. Korean OEM/ODM apparel manufacturer producing for global mass-market and casual brands. Direct Korean peer to JS Corp's GAP/Old Navy apparel OEM operations, with similar export-driven business model and multi-country Asian production footprint.
• Hanpoong Co., Ltd. Korean apparel and bag manufacturer producing OEM/ODM for global fashion brands. Closest Korean domestic peer to JS Corp in terms of manufacturing handbags and apparel for export to Western brands, with similar OEM customer relationships.
• Stella International Holdings: Hong Kong-listed OEM/ODM manufacturer of luxury and casual footwear for global brands. Closely comparable business model to JS Corp: contract manufacturing for premium Western brands, multi-country Asian production footprint, similar revenue scale and customer profile (brand-owned designs, OEM execution).
• Yue Yuen International: Hong Kong-listed largest footwear manufacturer by volume (Pou Chen spin-off). Similar OEM model serving global brands from a multi-country Asian production base. Comparable in scale, customer mix, and contract manufacturing economics, though footwear-focused rather than handbags.
• Pou Chen Corporation: Taiwan-listed world's largest branded athletic and casual footwear OEM. Operates massive multi-country production capacity for global brand customers. Directly comparable to JS Corp on OEM contract model, Asia-based manufacturing network, and B2B relationship with major Western apparel/fashion brands.
• Feng Tay Enterprises: Taiwan-listed OEM manufacturer of athletic and casual footwear for global brands such as Nike. Highly relevant peer on OEM contract manufacturing model, scale of production, and B2B sales to Western premium/casual brands, despite footwear category focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries11 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JS Corp