With the goal of helping the Korean textile industry and policymakers to better adjust to the structural changes occurring in the domestic and international environments alike and thereby enhance their competitiveness on the international market, this study identifies the restructuring path that the Korean textile industry needs to take. It also explains the future tasks that need to be fulfilled and the policy measures that need to be provided to that end. The textile industry in Korea is on the verge of either having to restructure itself or being subjected to harsh restructuring measures from the outside, due to the declining price appeal of its products on the domestic market and the rising challenge it faces from its Southeast Asian counterparts on the international market. In order to combat and overcome these challenges, the Korean textile industry needs to reform its production structure in order to diversify, distinguish and improve the quality of its products.
The restructuring measures that will make it possible to improve the international competitiveness of the Korean textile industry include: the continued research and development of new materials on the part of companies; the continued production of high-end and distinct products on the part of the production facilities; and the increase in the price appeal and added values of the finished textile products and garments. The changes that need to be made to the production structure include shifting the mode of operation in order to produce small outputs of diverse products; the development of production networks among businesses of different categories; and an increase in the investment in innovative machinery and equipment. Moreover, the textile manufacturers need to enter the global high-fashion market by encouraging the development of unique and fashionable products and effective merchandising planning thereof.
The development of the textile machine industry in Korea will require the more effective marketing of domestically-produced machinery, a sizable investment to create production systems that specialize in the manufacturing of textile machinery and to enhance manufacturers’ capacity for technological innovation as well as the production of advanced and high-end models. Policymakers can support the textile industry by training a greater workforce that specializes in textile development and manufacturing, by increasing the investment it makes in the automation of production, by establishing the required mode of operation to produce small outputs of diverse products and by encouraging the shift toward a process control system centered on raw materials.
국제경쟁력 제고를 위한 섬유산업구조고도화(Modernizing the structure of the Korean textile industry for greater international competitiveness)
|Series Title; No||정책연구시리즈 / 91-24|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Industry and Technology < General|
|Holding||KDI; KDI School|