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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search