Company History
The company was originally established on December 8th,1989 in venom, B.C.the special purpose of the venture was establish a textile operation in Western Canada that could produce lace-like drape, sheers, fishnet gloves and pantyhose to supply the Western U.S. and Mexican markets. during the late 1980s the founding company, Pung Textiles Manufacturing Company in Korea ,had built up a relatively high volume of sales to North America but more and more restrictive quotas were being imposed on their goods. It was concluded that a plant located in Canada would not have to worry about quotas and it also could be included in the free trade agreement between the United States and Canada. Accordingly, the Pung Company invested in machinery and inventory that was shipped from Korea to B.C. They appoints Kim Park, a peripatetic sales agent, to organize the plant for them and to make arrangements for the two senior Pung family members to become Canadian citizens. At that time the Canadian government offered “instant” citizenship to foreignness who invested at least $250000 in a newly created enterprise.