Korea Fashion Association Signs MOU with Musinsa to Promote Globalization of K-Fashion
Promoting Brand Development, IP Protection, and Overseas Expansion
The Korea Fashion Association and Musinsa announced on the 22nd that they have signed a memorandum of understanding (MOU) with the aim of nurturing global K-fashion brands.
This agreement was made to promote the globalization of K-fashion. Specifically, the two sides plan to actively share information by leveraging their respective strengths and resources in specialized areas such as brand development, intellectual property (IP) protection, and overseas market expansion. Both organizations intend to focus on discovering and fostering mutually beneficial models.
The Korea Fashion Association and Musinsa signed a business agreement to foster K-fashion on the 21st. Provided by Korea Fashion Association.
View original imageThe Korea Fashion Association plans to actively cooperate in sharing its network with Musinsa to achieve the ultimate goal of its global brand development project, which is supported by the Ministry of Trade, Industry and Energy: the successful global expansion of K-fashion brands.
Sung Raeun, president of the Korea Fashion Association, said, "It is time to prepare for a greater leap forward for the global growth of K-fashion brands. Through this agreement, we will be able to envision the future of K-fashion together."
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Park Junmo, CEO of Musinsa, said, "By collaborating with the Korea Fashion Association, the leading organization, in the process of helping K-brands enter the global market, we expect the overseas expansion of the domestic fashion industry to accelerate. Going forward, we plan to further expand mutual cooperation and exchanges, from discovering emerging brands to supporting their growth."
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