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  • Leader in Fashion with Both Production and Consumption Power Close
    Leader in Fashion with Both Production and Consumption Power
    The Korean fashion market has been growing amid attention from Asian consumers, thanks to the Hallyu phenomenon which was launched by K-pop in the mid 2000s.
    The Korean luxury market in 2019 reached USD 12.7 billion, the eighth largest in the world,
    and it showed an average annual growth rate of 6.5% from 2013 to 2019.
    In the past three years, over 4,500 fashion designers were fostered every year, thereby developing an excellent human resource pool.
    Korea also has global competitiveness in the synthetic fiber field, including high value-added fibers such as spandex, polyester tire cord, and low melting fiber.
    Please refer to the information below
    • No. 1 - Largest market share in the high value-added industrial fiber market
      • Polyester tire cord (Hyosung)
      • Spandex (Creora of Hyosung TNC)
      • Low melting fiber (LMF) (Huvis)
    • No. 5 - No. 5 synthetic fiber output in the world (2018)
    • No. 8 - No. 8 luxury market size in the world (2019)
    • 6.5% - 6.5% CAGR in the luxury market since 2013
    • 4,500 - Foster over 4,500 fashion designers every year (2016 to 2018)
    Large view of images
  • Korean Textile and Fashion Industries Explore New Markets with ICT Convergence Open
    Korean Textile and Fashion Industries Explore New Markets with ICT Convergence
    Sales of the Korean textile and fashion industries reached USD 32.1 billion (KRW 37.4 trillion) in 2019, up 13% YoY,
    and operating income was increased by 28.3% from the previous year to reach USD 1.9 billion (KRW 2.2 trillion).
    Even though more production for the Korean textile and fashion industries moved overseas,
    exports ranked 7th in 2018. The fashion industry also applies high levels of ICT, such as AI, VR,
    and AR to develop smart textile materials and clothing and advance mass customization technologies. The Korean textile and fashion industries are expected to explore new markets actively based on convergence with ICT.
    (Unit :Output, Amount of added-value: KRW billion/Exports, Imports: USD million)
    Korean Textile Industrial Trends Category, year
    Category 2010 2011 2012 2013 2014 2015 2016 2017 2018
    Output 4,272 4,657 4,562 4,521 4,524 4,556 4,229 4,115 4,029
    Amount of added-value 4,272 4,657 4,562 4,521 4,524 4,556 4,229 4,115 4,029
    Exports 4,272 4,657 4,562 4,521 4,524 4,556 4,229 4,115 4,029
    Imports 4,272 4,657 4,562 4,521 4,524 4,556 4,229 4,115 4,029
    ※ Source: Output, Amount of added-value: Statistics Korea/Exports, Import: Korea International Trade Association
  • Stream Structure of the Korean Textile and Fashion Industries Open
    Stream Structure of the Korean Textile and Fashion Industries
    The structure of the textile and fashion industries are divided into upstream (textile materials/yarns), middle stream (fabric, dyeing/processing),
    and downstream (clothing, other textiles). The sewing/clothing/fashion areas account for 40% of total output,
    followed by fabric/knit (22.3%) and textile materials/yarns (17.45%).
    "Stream Structure of the Korean Textile and Fashion Industries"
    (2018)
    Please refer to the information below
    Stream Structure of the Korean Textile and Fashion Industries Type of Business, Number of Companies (proportion), Number of Employees (proportion), Output (KRW billion) (proportion)
    Type of Business Number of Companies
    (proportion)
    Number of Employees
    (proportion)
    Output (KRW billion)
    (proportion)
    Textile Materials/Yarns (natural/chemical) 2,159
    (4.7%)
    21,047
    (7.6%)
    6,856
    (17.4%)
    Fabric/Knit 12,668
    (27.7%)
    66,886
    (24.1%)
    8,792
    (22.3%)
    Dyeing/Processing/Printing 3,969
    (8.7%)
    34,375
    (12.4%)
    3,782
    (9.6%)
    Sewing/Clothing/Fashion 23,711
    (51.8%)
    129,614
    (46.7%)
    15,598
    (39.6%)
    Industrial Fiber 3,278
    (7.2%)
    25,714
    (9.3%)
    4,364
    (11.1%)
    Total 45,785 277,636 39,392
    Large view of images
    ※ Source: Statistics Korea
  • Global Fashion Brands Actively Enter the Korean Market Open
    Global Fashion Brands Actively Enter the Korean Market
    Global fashion companies have been entering the Korean market to target Korean and Chinese consumers.
    Foreign direct investment is concentrated in distribution of global fashion brands, rather than manufacturing.
    Global SPA brands, such as Zara and H&M, have invested in the form of joint ventures.
    (2019)
    Please refer to the information below
    • Zara Retail Korea
      • Sector: Shirts and outer garment wholesale
      • Investing country: Spain
      • Sales: USD 357 million (2019)
    • H&M Hennes and Mauritz Korea
      • Sector: Shirts and other clothing retail
      • Investing country: Sweden
      • Sales: USD 234 million (2019)
    • Burberry Korea
      • Sector: Shirts and outer garment wholesale
      • Investing country: UK
      • Sales: USD 214 million (2019)
    • JD Sports Fashion Korea
      • Sector: Sportwear
      • Investing country: UK
      • Sales: USD 64 million (2019)
    Large view of images
    ※ Source: Ministry of Trade, Industry and Energy, Financial Supervisory Service Electronic Disclosure System
  • Policies to Strengthen Digital Competency and Global Competitiveness of the Korean Textile and Fashion Industries Open
    Policies to Strengthen Digital Competency and Global Competitiveness of the Korean Textile and Fashion Industries
    The Korean government established the Textile and Fashion Industries Vitalization Plans in June 2019. The plans include “Smart Factore” (factory + store) to improve the manufacturing environment and productivity and the advancement of industrial structure by focusing on high added-value industrial fiber.
    The government, in particular, aims to integrate value chains and realize a data platform based cooperative system to manufacture small-scale, customized clothing efficiently in smart factories.
    Moreover, the Ministry of Trade, Industry and Energy and the Seoul Metropolitan Government announced the Dongdaemun Fashion Market Vitalization Plan in April 2019,
    which includes a five-stage project that constructs smart industrial foundation and value chains connecting materials, manufacturing, and distribution in the Dongdaemun area.
    The primary objectives are to create new industries, such as customized clothing services applying ICT, and digitalize or make a premium ecosystem.
    Promote Speed Factore, Advance industrial structure with high added-value industrial fiber at the center, Vitalize Dongdaemun fashion market Large view of images
    ※ Footnote: Speed Factore is a compound word merging “factory” and “store.” Autonomous production processes of smart factories and B2C characteristics of the textile and fashion industries are added together. Stores receive orders from consumers and produce customized products.
  • Production Structure Focusing on Special Local Products Open
    Production Structure Focusing on Special Local Products
    The metropolitan area is the largest fashion hub that leads trends and distribution and has the largest consumer market.
    Different regions have their own clusters in which special products are produced.
    "Number of Companies and Employees Involved in Special Local Textile Products and Textile and Fashion Industries "
    (2018)
    Please refer to the information below
    • Gyeonggi : Knit, dyeing processing
      • Companies: 9,080(18.8)
      • Employees: 62,444(21.2)
    • Gangwon-do : Other textiles
      • Companies: 362(0.7)
      • Employees: 1,435(0.5)
    • Seoul : Clothing, Fashion
      • Companies: 20,088(41.6)
      • Employees: 104,124(35.3)
    • Gyeongsangbuk-do : Chemical fiber, Medical
      • Companies: 2,594(5.4)
      • Employees: 22,071(7.5)
    • Chungcheong : Industrial, Jacquard
      • Companies: 1,185(2.5)
      • Employees : 8,896(3.0)
    • Daegu : Fabric, Dyeing/Processing, Super fiber
      • Companies: 4,715(9.8)
      • Employees: 29,756(10.1)
    • Jeollabuk-do : Knit, Carbon fiber
      • Companies: 833(1.7)
      • Employees: 6,872(2.3)
    • Busan : Industrial, Clothing, Footwear
      • Companies: 4,271(8.8)
      • Employees: 28,871(9.8)
    • Jeollanam-do : Spinning
      • Companies: 613(1.3)
      • Employees: 2,437(0.8)
    • Gyeongsangnam-do : Silk
      • Companies: 1,345(2.8)
      • Employees: 8,753(3.0)
    Large view of images
    ※ Source: Statistics Korea “Korean Statistical Information Service” National Survey on Companies (survey on companies with at least one person)
    ※ Footnote: Special textile, Company (number of companies), Employment (number of employees)
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