Prospects for the Textile and Clothing Industry in South Korea

Published: September 2011

Publisher: Textiles Intelligence

Product ref: 122976

Pages: 35

Format: PDF

ISBN: 978-1-849781-90-9

Delivery: Immediate download

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Price: $ 785.00

Report description

This country profile provides in-depth analysis of South Korea's textile and clothing industry, which played a major role in the country's initial industrialisation. However, there has been a decline in the number of operations and employees in recent years due to labour shortages, rising costs and growth in competition from other Asian countries with far lower production costs. Despite these challenges, the textile industry remains an important sector in the country. This report looks at the development of the textile and clothing industry, its size and structure, and textile and clothing production and consumption in South Korea. The report also features: a geographical, political and economic profile; a detailed look at the country's imports and exports; a review of government policies, investment incentives and foreign investments; an analysis of strengths, weaknesses, opportunities and threats; and a look at South Korea's infrastructure and human resources and how these affect the textile and clothing industry.

SUMMARY
IMPORTANCE OF THE TEXTILE AND CLOTHING INDUSTRY TO
THE ECONOMY OF SOUTH KOREA
DEVELOPMENT OF THE TEXTILE AND CLOTHING INDUSTRY IN
SOUTH KOREA
SOUTH KOREA: GEOGRAPHICAL, POLITICAL AND ECONOMIC
PROFILE
Geographical profile
Political profile
Economic profile
SOUTH KOREA: INFRASTRUCTURE
Transport
Communications
Utilities
SOUTH KOREA: HUMAN RESOURCES
SIZE AND STRUCTURE OF THE TEXTILE AND CLOTHING
INDUSTRY IN SOUTH KOREA
SOUTH KOREA: TEXTILE AND CLOTHING PRODUCTION AND
CONSUMPTION
Fibre consumption trends
Production trends
SOUTH KOREA’S TEXTILE AND CLOTHING EXPORTS
Textile exports
Clothing exports
Export destinations
Strategy: a switch in focus towards high-tech, high added value materials
SOUTH KOREA’S TEXTILE AND CLOTHING IMPORTS
TEXTILES AND CLOTHING IN SOUTH KOREA: GOVERNMENT
POLICIES AND INVESTMENT INCENTIVES
Government policies
Foreign investment incentives
Tax relief and concessions
Cash grants and other types of financial support
Provision of industrial sites and assistance with locations and acquisitions
TEXTILES AND CLOTHING IN SOUTH KOREA: FOREIGN
INVESTMENT
TEXTILES AND CLOTHING IN SOUTH KOREA: STRENGTHS,
WEAKNESSES, OPPORTUNITIES AND THREATS
Strengths
Weaknesses
Opportunities
Threats
List of tables
Table 1: South Korea: political and economic profile, 2011
Table 2: South Korea: economic indicators, 2008-10
Table 3: South Korea: fibre consumption by fibre type, 2006-10
Table 4: South Korea: spun yarn production, 2006-10
Table 5: South Korea: fabric production, 2006-10
Table 6: South Korea: textile and apparel exports, 2000-10
Table 7: South Korea: textile exports by product, 2007-10
Table 8: South Korea: textile and clothing exports by destination, 2007-10
Table 9: South Korea: textile exports by destination, 2009 and 2010
Table 10: South Korea: clothing exports by destination, 2009 and 2010
Table 11: South Korea: textile and clothing imports, 2000-10
Table 12: South Korea: textile imports by product, 2007-10
Table 13: South Korea: textile and clothing imports by supplier, 2007-10
Table 14: South Korea: textile imports by supplier, 2009 and 2010
Table 15: South Korea: clothing imports by supplier, 2009 and 2010
Table 16: South Korea: inward foreign direct investment, 2005-10
Table 17: India and South Korea: yarn and fabric production costs, 2010