TFJ Global Signals Bright Outlook to Achieve 35 Billion KRW Target This Year... 150% Increase Compared to Last Year

Achieved 10 Billion KRW Sales in H1 with Eco-Friendly Water-Repellent Technology
Overcoming COVID-19, Securing Global Competitiveness through Business Diversification

Jin Eui-gyu, CEO of TFJ Global.
[Photo by TFJ Global]

[Asia Economy Reporter Kim Jong-hwa] Eco-friendly water-repellent processing technology startup TFJ Global Co., Ltd. is navigating smoothly despite the adverse effects of COVID-19. It is expected to expand its domestic and international sales channels in the second half of the year and continue its dynamic activities in the global market.

TFJ Global announced on the 10th that it is expected to achieve annual sales of up to 35 billion KRW this year. This represents an increase of more than 150% compared to last year's annual sales of 14 billion KRW, marking the highest since its founding. Sales of 10 billion KRW are expected in the first half of this year alone.

Founded in 2015, TFJ Global is a high-tech textile material startup with high scarcity based on the world's first successfully developed 'eco-friendly water-repellent processing technology.' It has achieved rapid growth in a short period and has grown into a global small giant company. As a smart textile tech company leading the 4th industrial revolution, it is the first to come close to becoming a prospective K-Unicorn (an unlisted venture company valued at over 100 billion KRW).

Jin Eui-gyu, CEO of TFJ Global, said, "Our core business, the eco-friendly water-repellent processing technology brand 'BLUELOGY,' is progressing smoothly. We expect sales of 10 billion KRW in the first half of this year and up to 35 billion KRW in annual sales in the second half."

TFJ Global is a native startup producing textile materials that commercialized the world's first non-fluorine (CO) water-repellent processing technology 'BLUELOGY' using harmless natural substances.

TFJ Global is the only company in the world with the technological capability to apply eco-friendly non-fluorine water-repellent treatment technology to both synthetic and natural fibers, allowing water-repellent processing on both fabrics and finished products. It has been recognized for its technology by obtaining the Oeko-tex standard 100 Class 1 (Baby Class) Annex 6 certification from a Swiss accredited certification body.

Earlier this year, TFJ Global strengthened its research personnel and technology investment in the stabilization fiber team and began full-scale expansion of its water-repellent business. To pioneer overseas markets and start mass production of stabilization fibers, it purchased an idle factory in Dangjin, Chungnam for 8 billion KRW, and equipment construction worth about 10 billion KRW is currently underway.

In June last year, TFJ Global signed a contract with Toyoshima Shosha, a leading Japanese textile and apparel export trading company, granting exclusive global sales rights for BLUELOGY and launching a joint brand in Japan, and successfully attracted large-scale investment.

CEO Jin said, "In the second half of this year, aiming for more than double last year's sales, we plan to hire about 20 professionals in line with the pace of domestic and international business expansion and growth."

This content was produced with the assistance of AI translation services.