Home / Knowledge / News / Fashion / Seoul charts fashion industry boost as part of growth plan
Seoul charts fashion industry boost as part of growth plan
06
Feb '18
The Seoul city administration recently unveiled a growth plan to create more than 60,000 jobs by 2022. The plan includes boosting the fashion industry, which has declined a lot in the last few decades, by supporting 100 firms that make shoes, clothes and jewellery. The Seoul Fashion Innovative Hub planned in Dongdaemun will connect all fashion stakeholders.

The city will spend $3.2 billion to nurture 10,000 small and medium enterprises (SMEs) and start-ups, a Korean nerwspaper report quoted Seoul mayor Park Won-soon as saying.

The Hoegi-dong and Sanggye/Chang-dong areas in north-eastern parts of the city will become a hub for development of biotechnology and information and communication technology (ICT). The Seoul Biotech Hub opened last October in that direction.

Research and development (R&D) facilities will dominate Magok Industrial Complex, Guro-gu and Yangjae-dong in southern Seoul. Magok's facilities will support SMEs, while Guro-gu will support the Internet of Things (IoT). An R&D campus in Yangjae-dong will host young researchers and companies specialized in artificial intelligence.

Other areas of focus are virtual reality and animation. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Prathyusha Garimella
Prathyusha Garimella

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

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


June 2018

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

news category


Related Categories:

Advanced Search