SEOUL, Dec. 5 (Korea Bizwire) — The government is reviewing the idea of imposing recycling obligations on clothing companies. The Ministry of Environment said Sunday that it recently outsourced a study on the so-called Extended Producer Responsibility (EPR), a legislative strategy used by many developed countries to encourage manufacturers to design environmentally friendly products. In [...]
SEOUL, Dec. 3 (Korea Bizwire) — Tourists visiting Seoul are buying more fashion products than last year, according to a recent survey. The Seoul Metropolitan Government and the Seoul Tourism Organization announced on Sunday that compared to last year, tourists in Seoul purchased fewer cosmetics and more fashion products. Querying 1,500 tourists who visited South [...]
SEOUL, April 20 (Korea Bizwire) – Online shopping malls are partnering with premium children’s brands as sales in the segment are growing faster than for cheaper labels, industry watchers said Thursday. First-quarter sales of brand name children’s clothing and accessories increased 43 percent on-year at online mall 11st Street, compared with a 34.7 percent rise [...]
SEOUL, Feb. 17 (Korea Bizwire) – South Korea’s fashion market is expected to grow 3.3 percent in 2017 from a year earlier, with major apparel companies ramping up efforts to expand their footing here and abroad amid dim prospects, industry data showed Friday. The size of the domestic fashion market is predicted to reach 39.3 [...]
SEOUL, Feb. 13 (Korea Bizwire) – Top luxury brands popular with adults are also grabbing the market for children, their sales increasing as kids get ready to go back to school this month or next, industry officials said Monday. Some of the most popular items cost well over 1 million won (US$867). A Gucci-labeled backpack [...]
SEOUL, Dec. 30 (Korea Bizwire) – South Korea’s textile and garment industry is set to suffer a trade deficit for the second consecutive year in 2016 amid an influx of cheap Chinese products, industry data showed Friday. According to the data compiled by the Korea International Trade Association (KITA), the segment’s exports dipped 4.8 percent [...]
SEOUL, Dec. 27 (Korea Bizwire) – The Samsung Fashion Institute announced Tuesday its selection of the top ten issues in Korea’s fashion industry this year. The list included several changes in the industry as well business and consumption trends, but it was marked by the stagnant industry’s struggle to survive instead of focusing on growth. [...]
SEOUL, Oct. 11 (Korea Bizwire) – Korean manufacturers of children’s products are rapidly expanding their operations in China, targeting the fast-growing market in a country that recently ended its infamous one-child policy. Zero to Seven is among the companies making a pivot to China with its business centered on children’s clothing brands such as allo [...]
SEOUL, Sept. 5 (Korea Bizwire) – Hanbok refers to traditional Korean attire that is marked by vibrant colors. Also referred to as Joseon-ot (Joseon clothing) in North Korea, it is the clothing of the Joseon Dynasty that ruled the Korean peninsula from 1392 to 1910. Hanbok are divided into formal and casual attire, for adults and [...]
SEOUL, July 5 (Korea Bizwire) – A local civic group launched a campaign to incorporate “hanbok” into daily life Tuesday, proposing that the traditional Korean attire be worn to schools and workplaces once every month. The nongovernmental organization Voluntary Agency Network of Korea (VANK) said it will start sending emails to schools and companies to [...]