Kolon International Co is to launch a new independent corporation to continue its men's and women's clothing lines.

The tentatively named Kolon Fashion will have 17.5bn won ($14.4m) in capital, and will be headed up by the current vice president of Kolon International Lee Hong-keun.

Kolon International is hoping to turn the new company into a specialised fashion enterprise and is aiming for a sales turnover of 160bn won.