[THE INVESTOR] Golfwear brand Castelbajac has succeeded in attracting 45 billion won (US$40.27 million) investment via convertible preferred stocks from JKL Partners and Shinhan BNP Paribas Asset Management, it announced Aug. 4.

The company was spun off from apparel group Hyungji that acquired domestic licensing from the French designer Jean Castelbajac in 2014 and pan-Asian licensing in 2015. Hyungji launched the brand known for vivid colors and bold designs as a golfwear line last year and opened more than 150 stores.

Hyungji is expecting 100 billion won in sales this year and boosted by the investment is looking to expand Castelbajac into international markets. It also plans to list the company on the stock market.

By Hwang You-mee (glamazon@heraldcorp.com)