Ministry of Trade, Industry and Energy Launches 'Sustainable Circular Economy Forum for the Textile Industry'
On the morning of the 19th, the Ministry of Trade, Industry and Energy announced the launch of the "Sustainable Circular Economy Forum for the Textile Industry" at the Textile Center in Gangnam-gu, Seoul, with participation from the textile fashion industry, academia, research institutes, and government.
The Ministry explained that the global textile fashion industry is currently facing a major shift toward a circular economy due to advanced countries' eco-friendly regulations and global companies' demands for eco-friendly material supply. To enable the domestic industry to actively respond, the forum was established. The newly launched forum is operated in a private autonomous manner with the Korea Federation of Textile Industries serving as the secretariat, and is divided into four subcommittees to identify institutional improvements and implementation tasks and to promote pilot projects.
The forum operates through four subcommittees: Institutional Improvement, Circular Ecosystem, Carbon Neutrality, and Eco-design. Each subcommittee includes stakeholders from related companies, research institutes, academia, and textile industry associations. The Institutional Improvement subcommittee discusses topics such as standardization of resource-circulating product quality and preparation of testing and certification criteria, while the Circular Ecosystem subcommittee works on designing circular systems such as recycling of waste textiles.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Despite Warnings of "Do Not Enter, You May Not Make It Out Alive"... Foreign Tourist Stranded After Unauthorized Climb on Jeju Sanbangsan
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
The Carbon Neutrality subcommittee focuses on evaluating and verifying carbon emissions at textile production sites, and the Eco-design subcommittee drafts guidelines for the pilot project of the product production history verification system (DPP) and for the design, manufacturing, and supply of eco-friendly textile products. Lee Yong-pil, Director of Advanced Industry Policy at the Ministry, stated, "We will closely communicate with the forum operators, reflect their suggestions in policies, and support the efforts of the textile industry."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
