Banseog note · Oct 25, 2026
Lock&Lock — shedding plants and growing in Southeast Asia
- Where it stands now
- Structural improvement — lightening its asset base and seeking growth overseas and through new brands
2025 operating profit was KRW 18.1 billion, a return to profit from an operating loss in 2023.
In the first half of 2026 Southeast Asian revenue rose 51.2% from a year earlier, and Vietnam alone is generating revenue in the KRW 80 billion range.
In 2025 revenue was 29% from Korea, 24% from Southeast Asia and 23% from China.
- Three decisions within a year
- Asset-light shift: the company sold its Anseong plant in Korea, cut its total number of products by 50%, and reduced inventory turnover days from 211 in 2023 to 132 at the end of 2025.
- Lifestyle brand 'Taekflow': in October 2026 it opened a pop-up at The Hyundai Seoul and introduced new products in connection with an online select shop.
- Character collaboration: in October 2026 it launched a character collection and microwave-safe stainless steel containers.
- Three people it will look for
- Southeast Asia subsidiary sales and operations leader — Southeast Asia has become a market on a par with Korea
- Supply chain and outsourced production manager — the company sold its domestic plant and moved to an asset-light model
- Brand marketer (online-offline integration) — brand activities linking pop-ups and online select shops are increasing
- For HR
- People who have run consumer goods subsidiaries in Southeast Asia are sought by food and household goods companies going abroad alike. With growth in Southeast Asia continuing, it is best to secure local leaders first, now.
- For job seekers
- Experience in sales or distribution at a subsidiary in Southeast Asia, such as Vietnam, and a supply chain track record of reducing outsourced production and inventory, are worth the most at this company right now.
A reading written from public sources. Sources: Etoday 2026-09-01 (results, Southeast Asian revenue, asset-light shift); Women's News 2026-10-22 (Taekflow), 2026-10-14 (character collaboration). Team size is from Korea's pension register.