South Korea: To Set Up Fashion Fund To Promote Cooperation Between China And South Korea Garment Enterprises

By South Korea government KOTRA, which operates and finances Korea investment revitalization community (KOTRA), announced that it will set up a fashion fund to promote cooperation between Chinese mainland and South Korean garment enterprises.

Han Jiyuan, director of the Ministry of foreign investment promotion of KOTRA, said the clothing labeled "made in South Korea" is selling well in the global market. In fact, some of the South Korean garment enterprises are engaged in production and processing in mainland China and Vietnam, while the operation and operation of the company are in South Korea.

The investment target of the fashion fund is small and medium-sized enterprises in China and South Korea. The fund will provide professional support for South Korean designers and garment factories in mainland China to enhance the production and design capacity of both sides. The products developed through the fund will be billed as "jointly manufactured by South Korea and Mainland China".

this fashion The fund has been in preparation for nearly half a year. At present, KOTRA has received positive feedback from the mainland industry. In the past two years, some mainland Chinese companies have become the largest shareholders of South Korean enterprises, and some have merged with South Korean fashion enterprises. For example, in 2012, Unitas capital, a private equity fund in mainland China, invested about 180 billion won in NEPA, a South Korean outdoor clothing brand; In 2013, suhyan, a South Korean Internet company, was incorporated into Li Feng Group.