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Prospects for the Textile and Clothing Industry in South Korea
Textiles Intelligence, Sep 2011, Pages: 35
This country profile provides in-depth analysis of South Korea's textile and clothing industry, which played a major role in the country's initial industrialisation. However, there has been a decline in the number of operations and employees in recent years due to labour shortages, rising costs and growth in competition from other Asian countries with far lower production costs. Despite these challenges, the textile industry remains an important sector in the country. This report looks at the development of the textile and clothing industry, its size and structure, and textile and clothing production and consumption in South Korea. The report also features: a geographical, political and economic profile; a detailed look at the country's imports and exports; a review of government policies, investment incentives and foreign investments; an analysis of strengths, weaknesses, opportunities and threats; and a look at South Korea's infrastructure and human resources and how these affect the textile and clothing industry.
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