• INDUSTRIES
  • Fashion : Seoul is a Fashion Hub in Asia

    The city of Seoul serves as a fashion hub in Asia, home to creative fashion designers, dynamic consumption patterns, and the promise of the Korean Wave, and has been leading the fashion industry. The Seoul Metropolitan Government has designated the fashion industry as one of its eight key new growth-engine industries that will support the citizens in the future and has provided a range of systems to foster the industry. Condé Nast International has ascertained the potential of Seoul not merely as a hub of the Asian fashion market but also as one of the global cities that will lead the world luxury industry, which is why it held the second Condé Nast Luxury Conference in Seoul (Apr 19–21, 2016).

    Korea’s Fashion Industry

    $35 billion (2013)
    Domestic fashion market size

    227,856, companies
    in fashion industry

    78,386(34.4%)
    of them in seoul

    Korea’s Strengths in Fashion

    Development possibility in
    K-fashion with Korean wave

    Dynamic consumption pattern

    Experienced human resources
    in sewing industry

    Luxury Market in Korea

    Although the global economic downturn and local political instability have affected several industries in South Korea, luxury goods shows excellent prospects, with consumers showing increasingly sophisticated tastes. And as the market matures further, The country continues to benefit from an inflow of Chinese tourists, who have shifted their purchasing preferences towards higher value products such as jewelry and watches.
    Source : Global Power of Luxury Goods 2017 by Deloitte

    Competitiveness of Seoul’s Fashion Industry

    The ever-expanding network of FTAs has made it easier to enter markets in Asia such as China and Japan.
    Seoul is highly accessible by online businesses thanks to its advanced infrastructure, including IT, the Internet, and mobile terminals, which means that the fashion industry has great potential to create new market demand through the use of cutting-edge IT.
    All aspects of the apparel industry design, sewing, resale, and wholesale are concentrated in Seoul, making it the best fashion city in South Korea.
    The city also benefits from an abundance of superior human resources in the clothing and design sectors.

    Support Policy

    Dongdaemun Fashion Center

    The Fashion Support Centers, based in Dongdaemun, Jungryang, and Seongdong, offer one-stop support services for all affairs in the fields of fashion, encompassing design development, fostering of experts, production, and distribution.

    Seoul Fashion Week

    Seoul Fashion Week has taken place annually since 2000, helping Seoul develop into a representative Asian fashion market.

    Related Website : http://www.seoulfashionweek.org/aboutSFW

    The Condé Nast International
    Luxury Conference

    The SMG supported the second Conde Nast International Luxury Conference in 2016.

    Related news item : http://www.koreaherald.com/view.php?ud=20160419000827

  • Fashion : Seoul is a Fashion Hub in Asia

    The city of Seoul serves as a fashion hub in Asia, home to creative fashion designers, dynamic consumption patterns, and the promise of the Korean Wave, and has been leading the fashion industry. The Seoul Metropolitan Government has designated the fashion industry as one of its eight key new growth-engine industries that will support the citizens in the future and has provided a range of systems to foster the industry. Condé Nast International has ascertained the potential of Seoul not merely as a hub of the Asian fashion market but also as one of the global cities that will lead the world luxury industry, which is why it held the second Condé Nast Luxury Conference in Seoul (Apr 19–21, 2016).

    Korea’s Fashion Industry

    $35 billion (2013)
    Domestic fashion market size

    227,856, companies
    in fashion industry

    78,386(34.4%)
    of them in seoul

    Korea’s Strengths in Fashion

    Development possibility in
    K-fashion with Korean wave

    Dynamic consumption pattern

    Experienced human resources
    in sewing industry

    Luxury Market in Korea

    Although the global economic downturn and local political instability have affected several industries in South Korea, luxury goods shows excellent prospects, with consumers showing increasingly sophisticated tastes. And as the market matures further, The country continues to benefit from an inflow of Chinese tourists, who have shifted their purchasing preferences towards higher value products such as jewelry and watches.
    Source : Global Power of Luxury Goods 2017 by Deloitte

    Competitiveness of Seoul’s Fashion Industry

    The ever-expanding network of FTAs has made it easier to enter markets in Asia such as China and Japan.
    Seoul is highly accessible by online businesses thanks to its advanced infrastructure, including IT, the Internet, and mobile terminals, which means that the fashion industry has great potential to create new market demand through the use of cutting-edge IT.
    All aspects of the apparel industry design, sewing, resale, and wholesale are concentrated in Seoul, making it the best fashion city in South Korea.
    The city also benefits from an abundance of superior human resources in the clothing and design sectors.

    Support Policy

    Dongdaemun Fashion Center

    The Fashion Support Centers, based in Dongdaemun, Jungryang, and Seongdong, offer one-stop support services for all affairs in the fields of fashion, encompassing design development, fostering of experts, production, and distribution.

    Seoul Fashion Week

    Seoul Fashion Week has taken place annually since 2000, helping Seoul develop into a representative Asian fashion market.

    Related Website : http://www.seoulfashionweek.org/aboutSFW

    The Condé Nast International
    Luxury Conference

    The SMG supported the second Conde Nast International Luxury Conference in 2016.

    Related news item : http://www.koreaherald.com/view.php?ud=20160419000827


Copyright © 2017 Invest SEOUL Co. Ltd ALL RIGHTS RESERVED.