fashion firms Archives | Be Korea-savvy

Vietnam-EU FTA to Benefit S. Korean Fashion Firms

SEOUL, Aug. 4 (Korea Bizwire) — South Korean fashion firms based in Vietnam are expected to benefit from the free trade agreement (FTA) between the Southeast Asian country and the European Union, which went into effect this month, a report showed Tuesday. “Under the agreement, clothes producers based in Vietnam can enjoy the benefit of [...]

S. Korean Fashion Firms Accelerate Restructuring amid Slump

SEOUL, Nov. 22 (Korea Bizwire) — South Korean fashion companies are accelerating their move to trim unprofitable brands amid a prolonged domestic slump, industry sources said Wednesday. Handsome Corp., the apparel unit of Hyundai Department Store Group, said it is in the process of closing down one of its brands, Mothan. “It is part of [...]