Korea: Textile And Garment Industry Expands Overseas Market

< p > as the world's fourth largest "a" target= "_blank" href= "//www.sjfzxm.com/" > strong > textile > /strong > /a > product producing country, in recent years, South Korea textile a a "target=", "a", "clothing" / ">", "enterprises" to reduce costs and facilitate exports, have invested in factories abroad, overseas investment part 80% is concentrated in Asia, Asia is mostly in China, and China is mainly in Shandong, Liaoning and Jilin provinces.

In the past two years, Vietnam has become a new hot spot for Korean enterprises to invest because of the advantages of labor prices and preferential investment policies.

In addition, Nicaragua's processing export area has become one of the key planning sites for Korean enterprises in terms of their external layout.

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< p > textile and garment industry is one of the important industries in Korea.

In 2000, the textile and garment industry accounted for 8% of the gross national product. The number of people engaged in the textile industry accounted for 19% of the total number of employees in the industry. In 2002, the cotton spinning industry in South Korea reduced the number of spinning machines by 200 thousand spindles through structural adjustment, greatly improving the quality and variety of cotton spinning products.

The main export areas of Korean clothing are Europe, America, Japan and China, which have increased exports to China in recent years.

The annual trade surplus of the Korean textile industry is generally around 10 billion dollars, and the textile and garment industry accounts for 11.3% of the total value of manufacturing exports, of which 3.4% of the garment industry accounts for.

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< p > in recent years, because the selling price of Korean products is generally higher than that of its technical level, the development structure of high cost and low efficiency has seriously threatened the development of Korean textile industry. The South Korean government has actively provided funds to enterprises to promote industrial upgrading, and has encouraged the shift of labor-intensive industries.

Vietnam and Nicaragua have become the region of the textile and garment industry in South Korea. On the one hand, the pfer of Korean textile and garment industry takes into account the local labor force, while the overseas market is the key to its industrial pfer.

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In the international market, the share of Korean textile and garment products has been declining. The direct reason is that the selling price of Korean products is generally higher than that of their products, and the root cause of this unreasonable price system is the high cost and low efficiency of the domestic industry. "P"

In recent years, the Korean government has actively provided financial assistance to enterprises in order to promote industrial upgrading, encouraging the shift of labor-intensive industries.

Vietnam and Nicaragua have become the key areas of the textile and garment industry in South Korea.

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The export products of P > South Korea mainly rely on "OEM" to produce low and medium price products, which cause the advanced countries in advanced technology and design, and can not cope with the change of trade conditions flexibly; the product lacks specialization and uniqueness, the overall technical level only reaches 80% of the developed countries, especially the low core technology level of the new a target= "_blank" href= "//www.sjfzxm.com/" > < strong > > /a > and dyeing processing.

As the developed countries are committed to developing high technology and high value added products, and developing countries are using cheap labor to expand exports of products, the Korean textile industry is facing serious challenges.

In addition, Southeast Asian countries are catching up and becoming one of the strong enemies of the Korean textile industry.

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< p > Korean enterprises have invested heavily in processing export zones in order to expand their operation scale and increase their profits.

In early 2013, the clothing department of a famous textile and Garment Group in Korea also formally set up exclusive processing zones in Nicaragua near the United States to export garments, and the first phase employed 1000 employees. It will expand rapidly to 3000 people. The group plans to use Nigeria's preferential tariff treatment for the US and Central American Free Trade Agreement (DR-CAFTA) and garment exports, and expand exports to the North American market.

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