Seoul: LocknLock Co., a South Korean houseware company, said Monday it has established a subsidiary in India to tap into the world's most populous country.
According to Yonhap News Agency, the company plans to launch localized products, including an India-specific version of its premium Metro tumbler series, targeting consumers in the world's fastest-growing market, it said in a press release.
"India represents tremendous growth potential, driven by its large and youthful consumer base," said Jeoung Jae-won, head of LocknLock India. "By combining differentiated product competitiveness with expanded online and offline channels, we aim to establish LocknLock as a leading premium lifestyle brand in the Indian market."
LocknLock currently operates subsidiaries in seven countries, including China, Vietnam, and the United States. In 2024, the company swung to a net profit of 28.9 billion won (US$20.85 million) from a net loss of 39.85 billion won a year earlier on stronger exports.