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Prospects for the textile and clothing industry in South Korea, 2020
published in Issue 205, September 2020
The textile and clothing industry in South Korea played a major role in the country's initial industrialisation but it has subsequently been eclipsed by other industries, notably automotive and electronics. Nevertheless, the textile and clothing industry remains important, and it covers a wide range of vertically integrated activities. Furthermore, it is a substantial exporter--especially in textiles--stemming from the fact that it has an extensive synthetic fibre industry. Looking to the future, the industry has embarked on a strategy of concentrating on the development of new textile materials with the aim of increasing the added value of its exports. In particular, the focus will be on smart fibres, nanofibres, fibres for healthy lifestyles and sustainability, and high-tech "super fibres". To help the industry to achieve its export target, South Korea has signed free trade agreements (FTAs) with numerous major countries in the world. This report looks at the development of the textile and clothing industry in South Korea, its size and structure, and its production and consumption of fibres, textiles and clothing. The report also features: a geographical, political and economic profile; a detailed look at South Korea's imports and exports of textiles and clothing; a review of the policies and investment incentives provided by the South Korean government; an analysis of foreign direct investment (FDI) in the textile and clothing industry; an appraisal of South Korea's infrastructure and human resources, and an analysis of how these affect the textile and clothing industry; and an examination of the industry's strengths, weaknesses, opportunities and threats (SWOT).
Six times a year, Textile Outlook International provides up to 200 pages of intelligence, expert analysis and insight on the global textile and clothing industry.
What's in it? Each issue provides an authoritative source of information on key industry topics, including: circularity; cotton; environmental sustainability; fibre prices; innovation; production and consumption forecasts; imports and exports; industry giants and emerging brands; international trade fairs; key geographical markets; recommerce; retail; supply chains; textile and clothing trade; textile machinery; trade and production trends; world markets; and yarn and fabric manufacturing.
A single issue of Textile Outlook International includes:
an editorial think-piece on a topical issue from an industry expert a report on textile and apparel trade and production trends a round-up of the latest international trade fairs a feature on textile and clothing imports and exports or fibre prices, production and consumption a report on a key geographical marketinsight and analysis of a key market leader or fast-growing start-up
An annual subscription to Textile Outlook International is a cost-effective way to keep informed about trends and developments in the global textile and clothing industry. Subscriptions are available in printed and/or digital formats. Printed and digital subscribers receive each issue in printed format in addition to a digital PDF file, which is available immediately on publication.
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