TP
- Company typePublic
- Founded1972
- HeadquartersSeoul (Guro-gu), South Korea
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What TP does
TP (formerly 태평양물산 / Pacific Corporation) is a South Korean, KOSPI-listed (ticker 007980) apparel and materials conglomerate founded in 1972 and headquartered in Seoul. The company operates a vertically integrated business spanning apparel OEM/ODM manufacturing, insulation materials (down and synthetic), B2C fashion and lifestyle brands, premium bedding distribution, real estate, and food production. Its core manufacturing footprint comprises 19-22 production bases across 5 countries (Vietnam, Indonesia, Myanmar, China), 550 production lines, 90 million units of annual capacity, and over 30,000 production workers, exporting to 66 countries for global apparel brands including Gap (a 46-year partner), Target, Columbia, Under Armour, and Carhartt.
The company's technology base is anchored in proprietary insulation materials. PRAUDEN is its premium down brand (RDS-certified, sustainable sourcing), and SynCloud is its synthetic insulation portfolio, including the new KAPOK-BIO biodegradable filler (2025), SynCloud L microfiber sheet insulation, and Muscovy Down (2024). TP was the first Korean company to domesticate down processing in 1984 and the first in Korea's down industry to complete third-party Higg FEM verification. It holds Higg Index score 92 (vs. industry average 64), bluesign, RDS, Oeko-tex, GRS, CDP, and SBTi credentials.
TP's revenue model combines B2B OEM/ODM apparel manufacturing (the largest stream), B2B insulation material sales, B2C fashion brand sales (D:THIRTYONE, EO, RE:VIVE), premium bedding (TP Living's SOFRAUM brand plus distributed brands like Ralph Lauren Home, Sheridan, and TEMPUR), food products (Hatbang-a under TP F&B), and real estate operations. Pricing on the B2B side is negotiated directly with each brand customer and not publicly disclosed. Recent strategic priorities emphasize margin expansion (operating margin up to 6.0% in 2025 from 4.4% in 2023), debt reduction (debt-to-equity improved to 169% from 211%), shareholder returns (8.36% treasury cancellation approved March 2026), and product-line premiumization through sustainability-certified materials. The 2024 corporate rebranding from 태평양물산 to TP, combined with subsidiary alignment, signals a strategic repositioning around materials science, sustainability credentials, and a 100-year corporate horizon.
TP firmographics
Firmographics- Name
- TP
- Legal name
- TP(주)
- Website
- https://tp-inc.com
- Company type
- Public
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
TP industry classification
Industry- Product category
- Apparel Manufacturing
- NAICS
- Cut and Sew Apparel Manufacturing (3152), Apparel Manufacturing (315), Apparel Accessories and Other Apparel Manufacturing (31599)
- SIC
- Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Men's & Boys' Furnishgs, Work Clothg, & Allied Garments (2320), Women's, Misses', And Juniors Outerwear (2330)
- akta.pro primary industry
- Contract / Private Label Cut & Sew Manufacturing (OEM/ODM) (IMAOAEAM)
Keywords
Where TP is headquartered
LocationHeadquarters
- HQ city
- Seoul (Guro-gu)
- HQ country
- South Korea
- HQ region
- Asia
Offices5 records
Markets served
TP business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Apparel Manufacturing (OEM/ODM): Production of outdoor, casual, active wear for global brands including jackets, coats, sportswear, dress shirts, pants, knit products. Exports to Americas, Europe, Japan from production bases in Vietnam, Indonesia, Myanmar.
- Insulation Materials: Production and supply of down (natural goose/duck) and synthetic insulation materials (PRAUDEN premium down brand, SynCloud synthetic insulation brand) to global apparel brands
- Fashion Brands (B2C): Direct-to-consumer sales of branded apparel including D:THIRTYONE American casual brand, EO everyday wear, and adaptive fashion brand RE:VIVE through e-commerce and offline retail
- Premium Bedding (TP Living): Premium goose bedding products through SOFRAUM and SOFRAUM& brands via department stores and e-commerce
- Real Estate: Operation and development of company real estate assets, value-add investment activities
- Food (TP F&B): Rice flour products and safe food distribution under Hatbang brand
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
TP product offering
Product offeringCore offering
TP is a Korean apparel OEM/ODM manufacturer producing outdoor, casual, active wear, knit, woven, and dress shirts for global brands such as Gap, Target, Columbia, Under Armour, and Carhartt. The company is vertically integrated from insulation materials (PRAUDEN premium down and SynCloud synthetic insulation) through finished garment production. It also operates own B2C fashion brands (D:THIRTYONE), premium bedding (SOFRAUM), adaptive fashion (RE:VIVE), and food products (Hatbangah). Production spans 19-22 facilities across Vietnam, Indonesia, Myanmar, and China, exporting to 66 countries.
Product overview
TP is a diversified apparel and materials conglomerate organized into four main business segments: Apparel Manufacturing (producing outdoor, casual, and active wear with 550 production lines across Vietnam, Indonesia, and Myanmar), Insulation Materials (manufacturing down and synthetic insulation through PRAUDEN and SynCloud brands), Fashion Brands (operating D:THIRTYONE retail fashion and multiple lifestyle subsidiaries including TP Living for premium bedding, TP F&B for food products, TP Square for workspace/lifestyle spaces, TP Nadia for K-brand apparel manufacturing, and EO for apparel production), and Real Estate. The company operates as a business-to-business manufacturer primarily serving global brands while also developing consumer-facing fashion and lifestyle brands. Notable product launches include SynCloud KAPOK-BIO (100% biodegradable insulation), SynCloud L (premium microfiber sheet insulator), and D:THIRTYONE (retro-concept fashion brand).
Differentiator
Problem solved
Functional benefit
Brands
- TP Nadia (TP나디아): K-Brand apparel manufacturing subsidiary specializing in outdoor, sportswear, and casualwear OEM supply to Korean premium brands.
- EO
- PRAUDEN (프라우덴)
- SynCloud (신클라우드)
- D:THIRTYONE (디써티원)
- SOFRAUM (소프라움)
- sofraum& (소프라움앤)
- RE:VIVE (리바이브)
- NextDay (넥스트데이)
- Anchors
- Mr Birdie
- Hatbang-a (햇방아)
Products and services
- Apparel OEM/ODM Manufacturing
Quantifiable outcome
- Revenue maintained above ₩1 trillion (₩1.029 trillion in 2025)
- +6 more outcomes
Companies that use TP
Customer profileNamed customers22 records
Segments5 records
Ideal customer profiles4 records
TP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
TP partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered flagship, core and minor.
- Gap Inc.flagship46-year partnership making TP Gap's longest-standing supplier. TP received appreciation award at Gap Supplier Summit for continued partnership and quality delivery.
- Peak PerformancecoreTP awarded Peak Performance Sustainability Award 2024 as Outstanding Vendor in Social & Environmental Performance. TP ranked #1 in Social Compliance and top-tier in Environmental Compliance among all partner suppliers.
- Kakao MakerscoreCollaboration on 'Sea Gaverchi' (새가버치) upcycling project where used down products are collected, recycled into new bedding, and sold with proceeds donated to charity.
- GoodNeighborsminorTP donated relief supplies worth 100 million KRW to wildfire victims through GoodNeighbors NGO in 2025.
- BluesigncorePRAUDEN down materials certified by bluesign for sustainable production practices.
- Higg Index (Sustainable Apparel Coalition)coreTP uses Higg Index for environmental assessment of all manufacturing facilities. TP scored 92 points vs industry average 64, validated by third-party verification.
- RDS (Responsible Down Standard)coreAll PRAUDEN down products certified under Responsible Down Standard for animal welfare and sustainable sourcing.
- Oeko-TexcoreSynCloud insulation materials certified by Oeko-Tex for user safety.
- GRS (Global Recycled Standard)coreSynCloud recycled materials certified under Global Recycled Standard.
- Better WorkcoreAll TP Vietnam and Indonesia production factories participate in Better Work program with regular audits and international labor standard compliance.
- SLCP (Social Labor Convergence Program)coreAll TP Vietnam and Indonesia production factories participate in SLCP for social and labor compliance verification.
- Plan InternationalminorCollaboration program to provide vocational education and employment support for people with disabilities in Indonesia.
- Korea Outdoor Sports Industry Association (KOIA)coreCEO Lim Seok-won elected as 4th President of KOIA, demonstrating industry leadership and commitment to sustainable growth of Korea's outdoor and sports industry.
Scale indicators15 records
Recent moves8 records
Expansion highlights5 records
TP competitors and assessment
Company assessmentBroad incumbents
- Delta Galil Industries: Israel-based global apparel manufacturer with strong activewear and intimate apparel OEM business serving Western brands. Comparable in OEM scale and customer mix, though with different category specialization than TP.
- Toray Industries: Japanese global textile and materials conglomerate producing synthetic fibers, insulation, and functional fabrics. Comparable in the advanced materials and insulation space where SynCloud competes, though vastly larger and more diversified.
Direct peers
- Sae-A Trading: Korean apparel manufacturer with large production footprint in Central America and Asia, serving global brands including Gap and Target. Direct competitor in the same OEM/ODM category with overlapping customer base.
- Makalot Industrial: Taiwan-listed apparel OEM/ODM manufacturer producing for global brands including Target, Costco, and outdoor/sports brands. Comparable to TP in scale, customer mix, and product categories including outerwear and activewear.
- Eclat Textile: Taiwan-based performance and athletic apparel OEM serving brands like Lululemon, Nike, and Under Armour. Highly comparable to TP as a performance apparel OEM with proprietary fabric/knit capabilities and blue-chip Western brand customers.
- PrimaLoft: US-based premium synthetic insulation materials supplier used by major outdoor and apparel brands globally. Direct competitor to TP's SynCloud brand in the synthetic insulation category.
- Youngone Corporation: Korean outdoor and activewear OEM/ODM manufacturer with large-scale production in Bangladesh, Vietnam, and other Asian countries. Directly comparable to TP as a Korea-headquartered apparel manufacturer serving global outdoor and sportswear brands.
- Hansoll Textile: Korean apparel OEM/ODM company producing for global brands with manufacturing bases in Vietnam, Indonesia, and China. Directly comparable business model and customer overlap with TP's apparel manufacturing segment.
- Allied Feather + Down: US-based premium down and insulation materials supplier to outdoor and fashion brands. Direct competitor to TP's PRAUDEN down brand in the B2B insulation materials market.
- Crystal International Group: Hong Kong-listed apparel manufacturer with multi-country Asian production footprint serving global apparel brands. Comparable in scale (multi-billion dollar revenue) and operational model to TP, though more diversified across categories.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TP social profiles
Digital presenceTP compliance and trust
Trust signalCompliance7 records
TP financial estimates
Financial estimateRevenue estimate
Valuation estimate
TP leadership team
Management profileNumber of profiles
Profiles1 record
TP subsidiaries and ownership
Company hierarchySubsidiaries7 records
TP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TP
What does TP do?
TP is a Korean apparel OEM/ODM manufacturer producing outdoor, casual, active wear, knit, woven, and dress shirts for global brands such as Gap, Target, Columbia, Under Armour, and Carhartt. The company is vertically integrated from insulation materials (PRAUDEN premium down and SynCloud synthetic insulation) through finished garment production. It also operates own B2C fashion brands (D:THIRTYONE), premium bedding (SOFRAUM), adaptive fashion (RE:VIVE), and food products (Hatbangah). Production spans 19-22 facilities across Vietnam, Indonesia, Myanmar, and China, exporting to 66 countries.
Is TP a public or private company?
TP is a public company. It is classified as public and is currently operating.
When was TP founded?
TP was founded in 1972. It employs 501 to 1,000 people.
Where is TP based?
TP is headquartered in Seoul (Guro-gu), South Korea, in the Asia region.
How does TP make money?
Six revenue lines are on record. Apparel Manufacturing (OEM/ODM) is the primary driver. The others are insulation Materials, fashion Brands (B2C), premium Bedding (TP Living), real Estate and food (TP F&B).
Who are TP's main competitors?
Broad incumbents on record are Delta Galil Industries and Toray Industries. Direct peers are Sae-A Trading, Makalot Industrial, Eclat Textile, PrimaLoft, Youngone Corporation, Hansoll Textile, Allied Feather + Down and Crystal International Group.
Does TP have an API?
No public API is recorded for TP.
What industry is TP in?
TP's product category is Apparel Manufacturing. Its primary akta.pro industry code is IMAOAEAM, Contract / Private Label Cut & Sew Manufacturing (OEM/ODM). Its NAICS code is 3152 and its SIC code is 2300.