In Order To Increase Profits, Korean Textile And Garment Enterprises Have Invested And Set Up Factories Abroad.

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< p > as the fourth largest textile producing country in the world, in recent years, < a href= "http://www.91se91.com/news/index_s.asp" > Korean textile and garment enterprises < /a > to reduce costs and facilitate exports, they have invested and set up factories overseas. Overseas investment is concentrated in 80% of Asia. Asia is mostly China, and China is mainly composed of 3 provinces, namely Shandong, Liaoning and Jilin.

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

In addition, Nicaragua's processing export area has become one of the key planning sites for Korean enterprises in terms of their external layout.

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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 employees in the industry. In 2002, the cotton spinning industry in South Korea reduced the number of spinning machines by 200 thousand spindles through structural adjustment, greatly improving the quality and variety of cotton spinning products.

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

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 value of manufacturing exports, of which 3.4% of the garment industry accounts for.

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In the international market, the share of South Korea's a href= "http://www.91se91.com/news/index_f.asp" > textile and apparel products < /a > has been declining. The direct reason is that the selling price of Korean products is generally higher than that of their products, and the root cause of this unreasonable price system lies in the "high cost and low efficiency" of its domestic industry. "P"

South Korea's export products mainly rely on the "OEM (licensed production mode)" production of low price ordinary products, resulting in advanced technology, design and other developed countries, can not cope with the changes in terms of trade, products lack expertise and uniqueness, the overall technology level has reached only 80% of developed countries, especially the core technology level of new materials, dyeing and processing is low.

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, Southeast Asian countries are catching up and becoming one of the strong enemies of the Korean textile industry.

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< 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 the key areas of the textile and garment industry in South Korea.

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< p > Nicaragua is close to the United States. It has convenient geographical location and low labor wages. It enjoys multiple free trade agreements and the advantages of tariff quota for exporting garments to the United States. It attracts a large number of "a href=" http://www.91se91.com/news/index_c.asp "Korean textile and garment industry" /a.

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

The clothing department of Korea's Hansei group also set up exclusive processing zones in Nigeria in early 2013 to conduct garment export. The first phase employs 1000 employees and will rapidly expand to 3000. The group plans to use Nigeria's preferential tariff treatment for the US and Central American Free Trade Agreement (DR-CAFTA) and garment exports, and expand exports to the North American market.

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