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: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search