Home / Knowledge / News / Apparel/Garments / KOTRA plans apparel fund to boost Korea-China products
KOTRA plans apparel fund to boost Korea-China products
12
Jul '14
Korea Trade-Investment Promotion Agency (KOTRA), operated and funded by the Government of South Korea, is planning to launch a fashion fund to boost Korea-China apparel products, reports The Korea Times.
 
Apparel with ‘Made in Korea’ tags sell well in global market, but there are few textile and garment companies now operating from Korea, as most of them have relocated their manufacturing to China and Vietnam, according to Han Ki-won, commissioner of Invest Korea, the foreign investment promotion division of KOTRA.
 
The proposed fashion fund would aim investing in small and medium sized companies in both Korea and China, and would benefit from the expertise of Korean designers and that of Chinese garment factories, thus ensuring a win-win situation for both.
 
The products developed through the fashion fund would be sold under a slogan, which could be “Made in Korea, Made with China”, states the report. 
 
Invest Korea officials have been working on this project for nearly six months and they have now received some positive signals from their Chinese counterpart, the report adds.
 
Over the last two years, some Chinese companies have become the largest shareholders in Korean companies or have merged with Korean fashion firms. For example, Chinese private fund Unitas Capital invested 180 billion won in Korean outdoor wear maker Nepa in 2012, whereas Korean firm Suhyan Networks merged with Li & Fung Group last year.
 

Fibre2fashion News Desk - India

Must ReadView All

Union MSME minister Kalraj Mishra

Textiles | On 1st Oct 2016

MSME policy announcement likely in October

The MSME policy is likely to be launched in October, according to...

Textiles | On 1st Oct 2016

GST Council approves rules on payments & returns

The second meeting of the GST Council, headed by Union finance...

Bangladesh’s WTO ambassador Shameem Ahsan (right) submitting his country’s TFA instrument of acceptance to WTO director-general Roberto Azevêdo. Courtesy: WTO

Textiles | On 1st Oct 2016

Bangladesh ratifies WTO’s Trade Facilitation Agreement

Bangladesh has ratified the Trade Facilitation Agreement (TFA),...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

Abhishek Ganguly
Puma India

Vidhyaa Shankar. S
A Ganapathi Chettiar

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search