Home / Knowledge / News / Apparel/Garments / Clothing producers puzzled over govt circular
Clothing producers puzzled over govt circular
07
Jun '10
According to reports emanating from South Korea, the government has purportedly advised its businessmen who are engaged in trade with their counterparts in the Kaesong Industrial Complex located in North Korea to not remit payments for good processed in the industrial complex.

The Ministry of Unification has issued this circular to all companies engaged in cross-border trade with firms in the North-Korea based industrial complex. According to informed sources the Ministry has made them sign an undertaking to suspend payments for goods that they have already received.

This notification has rattled the companies, who are processing goods in the North-Korea based complex, particularly the clothing firms. Around 40-50 representatives from firms producing clothing in Kaesong are planning to hold a meeting on Tuesday afternoon at the office of the Korea Federation of Textile Industries.

In the course of the meeting, they will discuss the recent situation and are expected to release a statement, pressing the government to call off the notification which has also banned trading of products produced on commission in South Korea and fully permit the import of finished goods, manufactured from raw materials already sent.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Mar 2017

'Increase in demand for organic designer linen'

There has been an increase in the demand for organic designer linen....

Apparel/Garments | On 29th Mar 2017

Jo-Ann launches 'Buy Online, Pick Up in Store' service

Jo-Ann Fabric and Craft Stores, a specialty retailer of crafts and...

Courtesy: Pratibha Syntex

Textiles | On 29th Mar 2017

Pratibha Syntex wins C&A's Best Global Supplier Award

Pratibha Syntex, a leading manufacturer and exporter of knitted...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

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

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