ShinWon, Retraced to enhance supply chain transparency

South Korean fashion company ShinWon has partnered with blockchain-based IT platform Retraced to ensure end-to-end transparency across its textile and fashion supply chain. This collaboration is part of ShinWon’s broader strategy to meet stringent global regulations that demand greater transparency and ethical responsibility in the fashion industry.

In addition to its partnership with Retraced, ShinWon has established a dedicated team to enhance its supply chain management system. This team will ensure that all partners comply with relevant laws and ethical standards through regular evaluations and systematic partner management.

ShinWon has also implemented a “detection algorithm” that extracts relevant keywords from data backups to upgrade the monitoring of cotton usage. This technology facilitates transparent tracking of production from raw materials to finished products, further ensuring accountability within the supply chain.

A ShinWon representative emphasized the company’s commitment to ESG (Environmental, Social, and Governance) management and transparency through this partnership. The company aims to uphold corporate ethical responsibility and enhance consumer trust by fully respecting information transparency across its operations.