Walton and HAAN Sign Memorandum of Understanding to Develop and Commercialize Innovative Products in South Korea

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Walton, Bangladesh’s leading electronics brand, has signed an MoU with South Korea-based HAAN Easy Life Inc. to collaborate in the development of innovative new home appliances and small home appliances, expand the global market and sell Walton home appliances in South Korea.

In addition, Walton and HAAN will collaborate for the 2nd generation vacuum cleaner model. The model has already received the ‘RED DOT Award 2022’.

The MoU was signed at Walton Hi-Tech Industries PLC head office in the capital last Tuesday (October 4, 2022).

Nam Sukh Koh, President of HAAN Easy Life Inc., and Edward Kim, President of Walton Global Business Division (GBD), signed the MoU on behalf of their respective organizations.

The program was also attended by Walton Hi-Tech Industries PLC Managing Director and CEO Golam Murshed, Director Nishat Tasnim Shuchi, HAAN CEO KS Chang, Walton Home Appliances Chief Commercial Officer (CBO), among others Al Imran, CBO of Fridge Engineer Anisur Rahman Mollick and GBD Vice President Syed Al Imran.

After signing the MoU, HAAN President Nam Sukh Koh said, “I am very excited and amazed to see facilities and a manufacturing facility like this (Walton Hi-Tech Industries PLC.). This is the best time for Walton and Bangladesh to expand into the consumer electronics market as everyone is looking for alternative options to get out of China.

Golam Murshed, Managing Director and CEO of Walton Hi-Tech Industries PLC, said: Walton has already established a design and innovation center in Korea for global expansion. Walton is now focusing on innovative new products. Walton attends the CES show in the United States in January 2023. During this show, Walton will present the new products.

Walton director Nishat Tasnim Shuchi congratulated Haan on winning the Best Red Dot Design award, as it is a significant achievement. She also expressed that Walton and Haan can benefit from each other to build healthy relationships and long-lasting business through more innovative products.

Walton director Nishat Tasnim Shuchi congratulated Haan on winning the Best Red Dot Design award, as it is a significant achievement. She also expressed that Walton and Haan can benefit from each other to build healthy relationships and long-lasting business through more innovative products.

Walton GBD President Edward Kim shared the global opportunities in the consumer electronics market. He is confident that Walton’s manufacturing capabilities with Korean collaboration in case of design and technology will surely help Walton become a global brand. He hopes that entering the Korean market is a giant step for Walton and for Bangladesh.


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