Korea Federation of SMEs Holds the '3rd Textile Industry Committee Meeting of 2023'

Proposals for the Development of the Textile Industry Including Designation of the Textile Dyeing Complex as a Root Specialized Complex

The Korea Federation of Small and Medium Business (Chairman Kim Ki-moon) announced on the 15th that it held the '2023 3rd Textile Industry Committee Meeting.' This committee was formed to develop strategies for strengthening industrial competitiveness and growth for small and medium-sized enterprises related to the textile industry, such as fashion collars, fabrics, and knits.

The meeting began with an explanation of support policies for root companies by Kim Hyun-jong, Director of the National Root Industry Promotion Center. Director Kim explained that since the textile fashion collar sector was newly designated as a root industry in July, benefits such as ▲support for establishing shared facilities in root-specialized complexes, ▲expansion of foreign worker employment, ▲priority allocation of policy funds, and others are available, encouraging textile SMEs to actively utilize these support programs.

Next, Kim Jong-hoon, Head of the Textile Materials Research Institute, presented on the topic of 'Development Strategy for the Textile Industry Midstream,' proposing policy measures to enhance the competitiveness of the domestic textile midstream sector.

During the current issues discussion, committee members voiced the difficulties faced by small textile companies due to prolonged domestic demand stagnation and increased export instability, urging ▲permission for laundry supply businesses to enter industrial complexes in the dyeing sector, and ▲the establishment of countermeasures for Middle East export risks for the Daegu-Gyeongbuk textile industry.

Chairman Gu Hong-rim of the Textile Industry Committee stated, "This year, we not only achieved the significant accomplishment of designating the textile industry as a root industry, which had been a long-standing goal of the industry, but also realized many improvements in environmental regulations such as differentiated regular inspection cycles, relaxation of technical personnel standards, and expansion of waste disposal fee reduction scope," adding, "We will continue to identify current issues and strive to improve the business environment to strengthen the competitiveness of the textile industry."

This content was produced with the assistance of AI translation services.