Swiss Bangladesh Milk Project

Dairy Farm Celebrates Its Sixth Anniversary

The farm started in 2009 after Youngone recognized the shortage for high quality pure milk for local residents. The intention of the farm is to cross breed local cows with Swiss cows to improve the milk quality and the lactation duration. The farm is under the guidance of Dr. Hans Jakob Leuenberger, the principal of the largest animal clinic in Switzerland and Dr. Tarek, the local in charge veterinarian. Setup according to international farming standards; the dairy farm has grown from five animals to 109. For the past 6 years, Swiss farmer Benjamin Pulver has been making regular visits to work and train the twenty-five local staff. Under their care, the milk performance has improved by 50%.


Youngone Corporation Ranked No.1 for Company with Highest Percentage of Donations in Korea.

CEO Score Daily Park Miri (mjsa57@ceoscore.co.kr)

Last year, among all domestic manufacturers of daily essentials in Korea, Youngone Corporation showed the highest percentage rate of donations compared to sales. E-Land World donated the largest amount.

According to CEO Score (CEO Park Ju Keun), a website that assesses corporate management performance, out of the top 500 companies in Korea, 22 daily essential companies donated an amount of 69 billion KRW as of December 21st. The revenue contribution rate to the sales amount was 0.188%. Compared to 2011, sales increased 28.2% (8.0773 trillion KRW) and the contribution rate increased by 78% (30.2 billion KRW), the donation percentage point rose by 0.053% points.

Last year, Youngone Corporation (Chairman & CEO Kihak Sung) showed the highest revenue contribution rate of 0.452%. Youngone showed a steady increase in sales from 2011; however, contributions were not constant. 2.6 billion KRW in 2011, 8.8 billion KRW in 2012, 3.7 billion KRW in 2013, and 5.6 billion KRW in 2014. ‘Do Dream’ is a donation campaign created and managed by Youngone. Since 2009, this project has been manufacturing clothing separately each year for donation. Any profits from sales are donated to social welfare organizations.

E-Land World (President Choi Jong Yang) was placed 2nd with a contribution rate of 0.448% (30.1 billion KRW). E-Land World has been competing with Youngone for 1st place. E-Land World’s contribution rate in 2011 was 0.389% and 0.49% in 2013; Youngone Corporation was 0.833% in 2012 and 0.452% in 2014. Last year, despite the E-Land World’s increase in sales, their contribution rate has decreased. E-Land World has been sticking to their principle of returning 10% profits to society since 2002.

Other corporations’ rates are as follows; Amore Pacific (President Sim Sang-bae) 0.445%, LG Household & Health Care Ltd. (CEO Suk Y. Cha) 0.205%, Yuhan Kimberly (CEO Choi Gyu Bok) 0.173%, TK Group (Chairman Yeon-Cha Park) 0.123%, Shinsegae International (CEO Choi Hong-Sung) 0.083%.

Last year, E-Land World was ranked 1st place in terms of contribution amount. E-Land World held 1st place for four consecutive years in the household goods industry. Donation amount in 2011 was 20.5 billion KRW, 26.5 billion KRW in 2012, and 30.3 billion KRW in 2013. Last year, the amount decreased to 30.1 billion KRW but there was still a large gap from the company that ranked 2nd, Amore Pacific (17.2 billion KRW).

Following Amore Pacific is LG Household & Health Care Ltd. with 9.6 billion KRW, Youngone Corp. with 9.6 billion KRW, Yuhan Kimberly with 2.4 billion KRW, and TK Group with 1.6 billion KRW. In general, companies showing higher amounts had higher contribution rates.

Meanwhile, Amore Pacific had a drastic increase in their contribution rate in the past year. Followed by Youngone with 0.186% points and TK Group with 0.095% points.

On the other hand 4 out of the 22 companies’ contribution rate have dropped. LF dropped 0.03% points, LS Networks (President Seung-Dong Kim) 0.015% points, Korea Gold Exchange (CEO Kim An Mo) 0.002% points, and 3M Korea (CEO, Michael A. Kelly) by 0.001% points.


KOFOTI Chairman Kihak Sung speaks at 2015 ITMF Congress

(EBN (www.ebn.co.kr) / Shon Byungmoon)

Mr. Kihak Sung, the Chairman of the Korea Federation of Textile Industries (KOFOTI), spoke at the International Textile Producers Federation (ITMF) Congress about apparel brands’ sourcing decision factors and the changing environment in the world’s supply chain.

The ITMF Congress was held in San Francisco from October 9th to 12th.

A KOFOTI official stated, "Chairman Kihak Sung’s speech was requested by Schindler, the ITMF Secretary-General, in February." The official said "Today's announcement will be an opportunity to discuss the status of South Korea’s textile industry with the international community."

The ITMF is an international textile organization, founded in 1904. The international conference is held annually for innovations in the textile industry. 30 countries around the world, 96 textile organizations and businesses are members.

The main presenters in this year's event were, Augustine Tantillo (President & CEO) of the National Council of Textile Organizations (NTCO), Tian Kai Wang (Chairman) of China National Textile and Apparel Council (CNTAC), and David Love (Senior VP) of Levi’s.


Good Neighbors, expands Nepal earthquake relief efforts

(Asian News Agency / Yoon Jahee)

Good Neighbors, with Youngone Corporation and Wonju Severance Christian Hospital, continues to expand emergency relief efforts for victims of the recent Nepal earthquake.

Youngone Corporation donated $100,000 worth of waterproof tents to Good Neighbors to support earthquake victims in Nepal.

The air shipment of aid and relief supplies took two days to arrive in Nepal and four days for Good Neighbors` emergency relief team to distribute the supplies to the residents in the Gorkha district, one of the closest districts to the epicenter of the recent 7.8 magnitude quake. In addition, Wonju Christian Hospital’s medical relief team will be dispatched in Nepal for four days to provide medical services for the residents in the Gorkha district.

The emergency medical relief team plans to conduct medical services through the use of mobile clinics to aid residents in the northeastern mountain area in Gorkha. Due to the geography and severe road damages from the quake, the isolated villages in the northeastern mountain area are in much need of medical services.

Good Neighbors has also sent an emergency relief team of 110 people to the Gorkha district to help residents in need.