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

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search