South Korea's garment industry orders gradually increased to show signs of rejuvenation

South Korea's garment industry began to decline due to the impact of cheap wages in mainland China in around 2000, and most of the employees switched to the industry. However, due to the continuous increase in labor costs in mainland China, Korea’s price competitiveness has rebounded again, and small-scale garment orders have gradually increased. The clothing industry seems to have signs of rejuvenation.

Korean garment makers said that due to the increase in wages in Mainland China due to rising wages in mainland China, there has been little difference in the price of production in mainland China or South Korea, and Chinese mainland garment manufacturers who have grown rapidly in the past decade are more likely to accept global acceptance. The large-scale orders of enterprises have very high prices for small-scale orders. As a result, Korean garment manufacturers who have migrated to mainland China have gradually returned. However, some companies believe that the current increase in ready-to-wear orders is a temporary stop for some companies planning to relocate their factories from mainland China to Southeast Asian countries such as Vietnam and Cambodia. At present, there are no sound production infrastructures in Korea. If there are no basic countermeasures, this is good. It will not be long-term.

Currently, the operating difficulties faced by South Korean garment makers mainly include the lack of stable order sources, rising wages and shortage of talents, difficulties in liquidity, and price hikes. Therefore, the South Korean garment industry recommended that the government can provide financial support, relax loan restrictions, support 4 major insurance, support training personnel, provide information related to the garment industry and establish a garment industry park, and strengthen the implementation and labeling system for origin, etc., in order to improve the competition of South Korea's ready-to-wear industry. force.