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Japan's Onward Holdings to Pull Out of S. Korea

Japan's Onward Holdings to Pull Out of S. Korea

   Tokyo, Oct. 7 (Jiji Press)--Japanese apparel maker Onward Holdings Co. <8016> said Monday that it is pulling out of South Korea, after the rise of anti-Japanese sentiment from strained bilateral ties led to sluggish sales in the country.
   Onward Holdings, which mainly sells golf apparel in South Korea, will shutter stores of its 23ku Golf brand by February 2020 and dissolve its local subsidiary, the company said at its financial results briefing.

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AFP-JIJI PRESS NEWS JOURNAL


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