South Korean Textile And Clothing "Move Outward" To Eliminate High Cost And Low Efficiency Factors

< p > the Korean government actively provides financial assistance to enterprises in order to promote industrial upgrading and rewards labor-intensive industries.

Vietnam and Nicaragua have become South Korea's a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > a target= "_blank" href= "//www.sjfzxm.com/" > clothing > Industry > migration area. South Korea's textile and garment industry pfer on the one hand considers the local labor force on the other hand, considering the operation market.

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< p > textile and garment industry is one of the important industries in Korea.

In 2000, the textile and garment industry accounted for 8% of the gross national product. The number of people engaged in the textile industry accounted for 19% of the total number of industrial employees. In 2002, South Korea < a href= "//www.sjfzxm.com/news/index_c.asp" > cotton textile industry < /a > by adjusting the structure, the quantity of spinning machine was reduced by 200 thousand spindles, and the quality and variety of cotton spinning products were greatly improved.

The main export areas for Korean clothing are the US, Europe, Japan and China, which have increased exports to China in recent years.

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< p > according to the statistics of the United Nations, in 2001, the value of textile exports in Korea amounted to US $15 billion 300 million, with a market share of 4.4%, ranking fifth in the world. In 2002, the total export volume of garments exported was 3 billion 852 million US dollars, and in 2003 it increased to US $6 billion 600 million. In 2004, the total export volume of textile products was US $15 billion 200 million, of which the export volume of textile machinery equipment was 1 billion 113 million US dollars, an increase of 20.2% over the 2003 export volume of 926 million dollars.

The annual trade surplus of the Korean textile industry is generally around 10 billion dollars, and the textile and garment industry accounts for 11.3% of the total export value of the manufacturing industry, of which 3.4% of the garment industry accounts for.

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< p > in recent years, < a href= "//www.sjfzxm.com/news/ > > South Korea textile > /a > the share of clothing products in the world market has been declining. The direct reason is that the selling price of Korean products is generally higher than that of its technical level, and the root cause of this unreasonable price system lies in its domestic" high cost and low efficiency "structure.

South Korea's export products rely mainly on the low price common products produced by the "OEM way" (commissioned processing or foreign licensed production mode), resulting in developed countries that are subordinate to advanced technology and design. They can not flexibly cope with the changes in foreign trade conditions. Products lack specificity and uniqueness, and the entire technology level reaches only 80% of the developed countries, especially the low level of core technologies such as new materials, dyeing and processing.

As the developed countries are committed to developing high technology and high value added products, and developing countries are using cheap labor to expand exports of products, the Korean textile industry is facing serious challenges.

In addition, China and Southeast Asian countries are catching up and becoming a factor threatening the Korean textile industry.

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< p > in recent years, the Korean government has actively provided financial assistance to enterprises in order to promote industrial upgrading, encouraging the shift of labor-intensive industries.

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< p > Korea is the fourth largest textile producer in the world.

South Korea's textile a href= "//www.sjfzxm.com" > garment enterprises < /a > to reduce costs and facilitate exports, they have invested abroad to set up factories. 80% of overseas investment is concentrated in Asia, and Asia is mostly China. China also has 3 provinces in Shandong, Liaoning and Jilin.

In recent years, due to the advantages of labor prices and preferential investment policies, Vietnam has become a new hot spot for Korean enterprises to invest.

By the end of 2004, more than 20 thousand domestic textile companies in the Republic of Korea had more than 3500 overseas invested enterprises, accounting for about 62.8% in China alone, and the investment reached 800 million US dollars.

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< p > Nicaragua is close to the United States. It has a convenient geographical location and low labor wages. Meanwhile, it enjoys multiple free trade agreements and the TPL tariff quota advantage of the US garments, attracting a large number of Korean textile and garment industry to enter.

In order to expand the scale of operation and increase profits, Korean enterprises have invested heavily in processing export zones.

It is reported that in 2013, the famous Han Shi Group Clothing Department officially entered Nicaragua. It is expected that 3000 people will be recruited to the United States for garment processing.

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