Venerable apparel manufacturer, Cheil Industries, has changed its industry code from textiles to chemicals, reflecting the increasing share of its chemical division. The company, founded in 1954 and the parent company of the Samsung Group, is increasingly expanding into new markets - its textile business dwindled to 13 per cent of the company's total output last year.
SOUTH KOREA: Apparel Firm Proves A Hit In New Sectors
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