Volvik "TS Investment Secures 22 Billion KRW Funding"... "Gains New Growth Engine"

[Asia Economy Kim Hyun-jun, Golf Specialist Reporter] Domestic golf equipment company Volvik has successfully secured an investment of 22 billion KRW.

On the 17th, Volvik stated, "We will focus all business capabilities on expanding our domestic golf market share as well as advancing as a global golf brand." TS Investment has joined as Volvik's new financial investor (FI). As of December last year, it is a venture capital firm with cumulative assets under management (AUM) reaching 1 trillion KRW. Founded in 2008 by CEO Kim Woong, formerly of Stick Investment, the company focuses on mergers and acquisitions of small and medium venture companies and mezzanine investments.

Volvik is currently the second-largest company in the domestic golf ball market. Since Chairman Moon Kyung-an acquired the company in August 2009, it has revolutionized global market trends through innovative developments such as the VIVID and matte color golf balls. In 2020, the overseas market shutdown due to the COVID-19 pandemic caused difficulties. However, supported by the golf market boom last year, sales reached 49 billion KRW, showing a 27% increase compared to 38.5 billion KRW the previous year. This recent investment has provided momentum for a new leap forward.

Especially, the ‘V-Focus Line’ three types of urethane golf balls released last year and Maxgo, which can be used both in screen golf and on the field, are gaining explosive popularity. The VIVID color balls remain steady sellers. Recently, various collaboration models such as Disney & Marvel character golf balls, Marvel range finders, Marvel hats and caddy bags, and Skull gloves have received favorable reviews among young golfers in their 20s and 30s in Korea and overseas markets.

Chairman Moon explained, "We have achieved remarkable growth through independent research and development, aggressive marketing, and operating a golf team composed of excellent players," adding, "Now, with a stable financial structure and increased sales and profits leveraging a global brand, we are capable of leading the global golf market." Kim Young-ho, Vice President of TS Investment, raised expectations by saying, "Volvik has tremendous potential future value."

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