South Korea Tries To Maintain High Value-Added Textile Technology Advantages

　　 Korea Trade Association Statistics show that last year, the export volume of Korean fiber and clothing was 15 billion 939 million US dollars, down 0.1% compared with the same period last year. Meanwhile, the volume of imports reached a record high of 14 billion 655 million US dollars, an increase of 8.4%, and its trade surplus reached a record low of only 1 billion 280 million US dollars. Last year, Korea exported $2 billion 515 million to China's fiber and clothing, imported $6 billion 593 million, and the trade deficit of Korea reached $4 billion 78 million.

The main reason for this phenomenon is the increase in labor costs in Korea. The Republic of Korea within clothing Factories have moved to China, Vietnam and other places. The enterprises in South Korea have turned to produce high value-added textiles such as tire cord fabrics and extremely fine yarn cleaning fabrics. Currently, they account for more than 60% of Korean textile and clothing exports. Korean enterprises should play their leading edge in technology to cope with the competitive enterprises in Taiwan and Chinese enterprises that are catching up quickly.

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From 2010 to 2015, the growth rate of men's clothing sales has far exceeded that of computers, cameras and food.

This is a statistical data from IbisWorld company, a survey company. You may easily retort that it is not because the number of people who buy men's clothing online is very small. This view is very correct. As Will McKitterick, an analyst at IbisWorld, said, electronic products such as cameras have been flooding the Internet for many years, and the online men's wear market is far from saturated.

Like the men's market, the electricity supplier category, which is regarded as the next Flashpoint, is a grocery store. But from the current data, it is far from the expectations of the electricity suppliers. Thus, under the influence of various factors, the sales growth of male clothing has reached the top. On the other hand, according to IbisWorld's prediction, the sales growth of men's clothing will continue to stay ahead for the rest of the ten years.

But there are also more important reasons, which objectively promote the growth of men's wear online market. Nowadays, many clothing brands have realized the growth trend of male fashion consumption, and some fashionable men's styles in recent years, such as Sen series, sports and leisure, etc. And their way of dealing with them is to cooperate with fashion providers. For example, Need, a western style cowboy fashion brand, has recently started collaborating with the fashion business Farfetch (Farfetch has just been valued at $1 billion), so that men can buy Jeans, flannel and advanced sports pants online.

In addition, compared with the past, the current electricity supplier is more mature in terms of delivery, payment and online experience, and male consumers are more efficient in pursuit of efficiency. After these improvements, the adaptability to online shopping will also be greatly enhanced.