Textile Sector Set to Suffer Trade Deficit for 2nd Straight Year

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 [...]