The Korean government requires companies to actively explore the Chinese clothing market

According to Korea Radio International, South Korea’s Minister of Industry, Commerce, Industry and Energy Yoon Sang-jik held talks with representatives of the Korean clothing industry on the 3rd, requiring clothing companies to actively explore the Chinese market.
Yun Xiangzhi pointed out that South Korea and China are currently negotiating a free trade agreement and believes that the free trade agreement can create good opportunities for Korean companies to enter the Chinese market. The Korean government will support apparel companies in terms of policies and funds, and use the Kaicheng Industrial Park to create high value-added apparel products. It hopes that all companies will actively invest.
The chairman of the Korea Fiber Industry Federation and the chairman of the Clothing Industry Association attended the meeting. They expressed concerns about sluggish domestic demand and labor shortages in South Korea, and discussed issues such as cooperation plans between enterprises and the government.