Korea, Democratic People's Republic Of Textile News Summaries

SOUTH KOREA: Daewoo, KOMSCO to acquire pulp maker
Daewoo International Corp. and Korea Minting and Security Printing Corp. partnered to make an entry into the cotton pulp market by acquiring a cotton pulp manufacturing plant in Uzbekistan.

SOUTH KOREA: Marimekko to expand international presence
Marimekko CEO Mika Ihamuotila announced international expansion plans for Marimekko.

SOUTH KOREA: Fashion designer Andre Kim dies
Billed as South Korea's fashion ambassador, Kim's shows were a fixture at key events in the region, such as the Olympic Games in Seoul in 1988 and in Beijing in 2008. A towering figure on the country's fashion scene, he also enjoyed wide popularity among the general public, with his eccentricities and drawn-out style of speech providing material for comedians.

SOUTH KOREA: S. Korean firms concerned over China-Taiwan trade pact
In June, China and Taiwan agreed to eliminate tariffs on 539 items of Taiwanese goods worth US$13.83 billion. The so-called Economic Cooperation Framework Agreement (ECFA) covers services and investments as well as competition and other issues.

SOUTH KOREA: Hyosung Corp unveils expansion plans
South Korean textiles and heavy machinery maker, Hyosung Corp., will invest US$ 100 million to build a spandex plant in Vietnam by next year. Hyosung would construct the plant with an annual capacity of 15,000 tons in

SOUTH KOREA: Textile companies must develop original brands
Chairman of USDF, Chang Jung-hun, the largest fabric dyeing and finishing companies in the United States, said that local textile businesses should develop

SOUTH KOREA: Textile exporters increase prices again
Korea’s exporting businesses have reached their limits and have no choice but to increase prices due to the appreciating won. The Hyundai Research Institute

SOUTH KOREA: Korean textile businesses look for new investment destinations
KOTRA, the Korea Trade-Investment Promotion Agency has advised the Korean textile industry to look for destinations other than

SOUTH KOREA: Huafeng Textile granted to trade on KRX
The Hong Kong listed Huafeng Textile has been granted approval by the Korea Exchange (KRX) to list its shares

SOUTH KOREA: US textile buyers willing to shift import partners to South Korea
In case a free trade agreement between the U.S. and South Korea comes into force, more than half of U.S. textile buyers are willing to shift their import partners to South Korea...

SOUTH KOREA: 3-Day Textile Fair to be held in Taegu
A textile fair will be held in the city of Taegu this week to give South Korean clothing manufacturers and retailers a preview of global fashion trends for spring and summer 2008; government organizers said here...

SOUTH KOREA: More meetings required to finalise FTA
It will require two more high level meetings before the month end for the free trade agreement to come into effect between South Korea and United States.

SOUTH KOREA: Govt plans fashion store in Paris
The Seoul metropolitan government by aiming to help Korean designers make inroads in the international hub of the fashion industry plans to open a Korean fashion store in Paris in April...

SOUTH KOREA: Performance Fibers plans fiber capacity expansion
The joint venture company of Richmond, Va. and Samyang Corp. and two other partners for the production of high-tenacity, low-shrinkage polyester fibers, Performance Fibers SYSKO has planned to increase capacity of about 20 percent for the production of state-of-the-art ultra-low-shrinkage fibers for specialty...

SOUTH KOREA: Seoul Fashion Festival organised to promote tourism
The city authorities are planning a week-long ‘Seoul Fashion Festival’ every fourth week of March and October of the year to boost the tourism industry in the city...

SOUTH KOREA: Textile industry leaders support free trade deal between Korea & U.S.
Textile industry leaders from Korea and the U.S. issued a joint statement on December 3 supporting the proposed free trade deal between the two countries...

SOUTH KOREA: Computer fashion show unveils wearable computing clothing
The ubiquitous fashionable computer fashion show which was scheduled here on 17th November explored the wearable computing fashionable clothing’s...

SOUTH KOREA: Workers oppose trade talks with U.S.
South Korean workers demanded end to trade talks with U.S. About 15,000 Korean workers demonstrated in the capital Seoul on Nov 12, demanding that the government should stop free-trade talks with the United States.

SOUTH KOREA: US says South Korea's offer does not go far enough
The United States, at the end of a week of free trade talks on 27th October, said South Korea's latest offer to open its heavily protected agricultural market did not go far enough....

SOUTH KOREA: Textile goods exports to the US likely to rise
South Korea is likely to see its textile goods exports to the United States rise by US$400 million annually once a proposed free trade agreement (FTA) with the U.S. is sealed...

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