• Title/Summary/Keyword: Clothing Trade

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Intra-industry Phenomena of Clothing Trade in Korea (한국 의류무역의 산업내무역 현상에 관한 연구)

  • Ji Hye-Kyung;Rhee Eun-Young
    • Journal of the Korea Fashion and Costume Design Association
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    • v.8 no.1
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    • pp.37-48
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    • 2006
  • The purpose of this study was to identify Intra-industry phenomena of Clothing Trade in Korea. For this purpose, changes of Korean clothing trade were analyzed in connection with the theory of intra-industry trade during the 1990's. Formerly, changes of Korean clothing trade were analyzed by the trade orientation index and that of the trade with each Korean clothing trade partner particularly. secondly, tendency and major determinants of two-way trade or intra-industry trade of Korean clothing trade were analyzed. The results of the study were as follows : First, the trade pattern of clothing in Korea was strong export orientation. Since the mid 1990's, however, this tendency has been weakened. Second, tendency of one-way trade is strong generally. but since the mid 1990's, tendency of intra-industry(two-way) trade increased. The intra-industry(two-way) trade tendency with Hong Kong and China is especially strong. Third, from the viewpoint of determinants of intra-industry trade in clothing industry, the determinant is distance between countries in 1994. Also the determinant is trade tendency of the country in 1999.

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Predicting the Interconnection between Trade Balance and Economic Growth in the Textile and Clothing Industry -A VARX Model Approach- (의류산업 무역수지와 경제성장의 상호연관성 및 예측 연구 -VARX 시계열 모형을 활용하여-)

  • Hyojung Kim
    • Journal of the Korean Society of Clothing and Textiles
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    • v.48 no.5
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    • pp.931-955
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    • 2024
  • International trade in the clothing industry has contributed significantly to South Korea's economic development. This study examines the interplay between textile and clothing exports, imports, and gross domestic product (GDP) growth from a macroeconomic perspective using a model with vector autoregressive with exogenous variables (VARX). The findings indicate that GDP growth negatively impacts textile and clothing exports but is positively correlated with imports. Furthermore, GDP growth from one and two years prior negatively affects current exports while positively influencing imports. Macroeconomic indicators, including the consumer price index, private consumption index, and producer price index, significantly impact the textile and clothing trades. By contrast, the won/dollar exchange rate and the Bank of Korea's base interest rate do not appear to exert any substantial effect. An unexpected impulse from GDP growth strongly affects the status of textile and clothing imports. Predictions for the future indicate stable GDP growth over the next five years, with high volatility anticipated in the clothing industry's trade balance. This study applies endogenous growth theory to the global clothing trade, yielding theoretical insights, and offers empirical guidance for government agencies wishing to support domestic clothing trade firms.

Characteristics of Export Articles in Korean Clothing Trade -Focused on the 1990's- (한국 수출의류제품의 품목 특성 -1990년대를 중심으로-)

  • Ji, Bye-Kyung
    • Journal of the Korea Fashion and Costume Design Association
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    • v.9 no.1
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    • pp.23-33
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    • 2007
  • Clothing exports of Korea has grown rapidly till the latter half of the 1980's, contributing Korean economic development. However from the 1990's, the amount, the world market share and the international competitiveness of clothing exports have declined. Based on these phenomena, the purpose of this study was to identify the characteristics of export articles in Korean Clothing Trade focused on the 1990's. Statistical data of clothing articles(SITC 84 : Articles of apparel & clothing accessories) were used. The relative importance, trade orientation tendency and unit price of each export clothing articles were analyzed. The results of the study were as follows. On the relative importance, trade orientation tendency and unit price of each export clothing articles, outer garments or products that required complicated production process(e.g., coats, suits, ensembles, jackets, dress) had been decreased in the portion and weakened in the export orientation tendency. But one item in a set or casual wear like trousers, skirts, blouses, shirts, Jerseys, pullovers, T-shirts has been increased in the portion and risen in the unit price. These trends means that clothing exports of Korea were more focused on those category and the international competitiveness on those articles were advanced. From these results, this study can be contributed to establish the concrete clothing export articles strategies of Korean firms.

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Counterstrategy of Textile/Clothing Industry to FTA (Focusing on Korea-US/China FTA) (섬유/의류 산업의 FTA 대응전략 (한-미, 한-중 FTA를 중심으로))

  • Kim, Jung Hoi
    • Fashion & Textile Research Journal
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    • v.18 no.2
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    • pp.139-148
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    • 2016
  • There is an expanding global network of free trade agreements (FTA). High-quality, comprehensive free trade agreements play an important role to support global trade liberalization and are explicitly allowed under the World Trade Organization (WTO) rules. An FTA is an international treaty that removes barriers to trade and facilitates stronger trade and commercial ties that contribute to increased economic integration between participating countries. Korea benefits from the global FTA trend; however it has started and developed FTA negotiations later than other countries. Current FTA agreements exist with Chile, Singapore, EFTA, ASIAN, India, EU, Peru, USA, Turkey, Australia, and Canada; in addition, there are ongoing negotiations with China, Colombia, New Zealand, and Vietnam. FTA open up opportunities for the textile/clothing industry to expand businesses into key overseas markets. FTA improve market access across all areas of trade to help maintain and stimulate the competitiveness of textile/clothing firms. This study examines the expansion of free trade agreements in light of changes in the international trade environment and the status of the Korean textile/clothing industry. Korea's textile/clothing export/import products and concession of tariff, country of origin covered under Korea-US/China FTA are investigated to identify problems. This study provides practical and policy implications for the textile/clothing industry in regards to the Korea-US/China FTA.

An Analysis of Fashion Life Style and Purchasing Type for the Consumer, According to Fashion Trade Area - Focused on Taegu Fashion Trade Area - (패션 상권(商圈)에 따른 소비자(消費者)의 패션라이프 스타일과 의복구매류형분석(衣服購買類型分析))

  • Kim, Kyung-A;Yoo, Tai-Soon
    • Journal of Fashion Business
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    • v.3 no.3
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    • pp.1-14
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    • 1999
  • This study is to analyze consumer's visiting fashion trade area. The purpose of this study, focused on Taegu fashion area, Dongsungro and Bum udong, consumer's spatical beravior, fashion- life-style, clothing purchasing type and Store- Image, etc. This study targeted 580 women aged from 15 to 25 visiting fashion trade area. The methods of measuring include consumer behavior scale, fashion life style scale, clothing purchasing type scale and Stor - Image scale. In process of statistics, the frequency was used to measure consumer's spatical behavior, MANOVA to measure, fashion life style and $\chi^2$ examination was employed to measure clothing purchasing type. The followings are the conclusions of this study ; 1. consumer's spatical behavior by FTA(fashion trade area) : Most people visiting Dongsungro A trade area and Bum udong trade area depart home, while Dongsungro B trade area from school. In case of Bum udong trade area, in particular, more people move from other trade area than people do in Dongsungro trade area. 2. Consumer spatical behavior means by FTA : Bus is far most common transportation. 3. The purpose of visit by FTA : Most people visit Dongsungro B trade area for shopping, while Bum udong trade area for shopping and as a place for appointment. 4. The visiting frequency by FTA : In case of both Dongsungro A.B trade area and Bum udong trade area, at least once a week is most common. Particularly in case of Bum udong trade area, the number of people visiting once every three months and once more than six months is almost same. 5. A company by FTA : People accompanied by the same sex friends are most common in Both Dongsungro A, B trade area and Bum udong trade area in case of Dongsungro B trade area. There is no case of people accompanied by family. 6. The purpose of purchasing fashion comodities by FTA : In case of Dongsungro A trade area for recreation. In case of Dongsungro B trade area and Bum udong trade area, because of affordable price. 7. A Brand - pursued tendency by FTA : Much higher in Dongsungro trade area than Bum udong trade area, among consumers. A character - pursued tendency by FTA : Higher in Dongsungro A than Dongsungro B,A practical tendency and symphatetic tendency Higher in Dongsungro B than Dongsungro A or Bum udong trade area. 8. A Store - Image scale by FTA : The quality of goods is more important to consumers in Dongsungro B than to consumers in Dongsungro A. The data - service and atmosphere are much more important to consumers in Dongsungro B than to consumers in Dongsungro A and Bum udong trade area. The convenience is more important to consumers in Dongsungro B Bum udong trade area than to consumers in Dongsungro A. 9. There is no significant difference among clothing purchasing types by FTA.

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Estimating United States-Asia Clothing Trade: Multiple Regression vs. Artificial Neural Networks

  • CHAN, Eve M.H.;HO, Danny C.K.;TSANG, C.W.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.403-411
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    • 2021
  • This study discusses the influence of economic factors on the clothing exports from China and 15 South and Southeast Asian countries to the United States. A basic gravity trade model with three predictors, including the GDP value produced by exporting and importing countries and their geographical distance was established to explain the bilateral trade patterns. The conventional approach of multiple regression and the novel approach of Artificial Neural Networks (ANNs) were developed based on the value of clothing exports from 2012 to 2018 and applied to the trade pattern prediction of 2019. The results showed that ANNs can achieve a more accurate prediction in bilateral trade patterns than the commonly-used econometric analysis of the basic gravity trade model. Future studies can examine the predictive power of ANNs on an extended gravity model of trade that includes explanatory variables in social and environmental areas, such as policy, initiative, agreement, and infrastructure for trade facilitation, which are crucial for policymaking and managerial consideration. More research should be conducted for the examination of the balance between developing countries' economic growth and their social and environmental sustainability and for the application of more advanced machine-learning algorithms of global trade flow examination.

Types and Trade Characteristics of Clothes Imported from Japan during the Port-Opening Era (개항기 일본으로부터 수입된 의복의 종류와 무역 특성)

  • Kim, Soon-Young
    • Journal of the Korean Society of Clothing and Textiles
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    • v.46 no.5
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    • pp.890-909
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    • 2022
  • This study explores the types of clothing imported from Japan during the port-opening era and investigates the characteristics of import trade related to these clothing products. This is a literature study based on trade statistics data and books on Western clothing published in Japan during the Meiji period. Research findings are as follows: clothing products imported from Japan were divided into 6 types: 1) clothing, 2) undergarments, 3) shirts, 4) waterproof coats, 5) European-style clothing, and 6) nightgowns. "Clothing" is a unified name for any kind of garment, appearing in import records only from 1877 to 1884. Undergarments and shirts were imported from 1884. Waterproof coats were imported only in 1886 and 1898. European-style clothing and nightgowns were imported from 1902. In the total import of clothes, the proportion of clothing was the highest (48.0%), followed by undergarments (41.3%) and shirts (10.6%), while the ratio of nightgowns and raincoats was almost 0%. During the port-opening period, the change in the import value of clothes did not show a continuous increase, but rather showed a large stepwise increase over the course of several years.

A study on the developmental process of clothing style and the manufacture of clothing material through the works of ancient writing. (고문헌을 통해 본 복식과 의복재료 생산의 발전 과정에 관한 연구)

  • 심화진
    • Journal of the Korean Home Economics Association
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    • v.32 no.5
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    • pp.217-227
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    • 1994
  • The Korean clothing industry according to historical documents has a long and deep history. We can deduce the fact that cloth in material was self reliant during the pre-historic period. Although we can not find evidence of clothing material trade from the Three Kingdom era we find active trade with Kang, Jin of China and Japan followed by the spread of Korean clothing material manufacturing skills to Japan. Meanwhile the actual progress of the clothing industry came with the manufacture of cotton stuff in the Koryo era and the official and unofficial trade which brought import and export activity to Korea. Also the manufacture of clothing material by women labor although backward as it may be can be seen as stroug evidence that women labor continuously kept up the development of Korean industry. After the Koryo dynasty trade in clothing material and other clothing items contined with other nations. In conclusion we must not think that the Korean clothing industry started active development from the Chosun dynasty. It is important that we realize this fact and looking at the continuous progress of the Korean clothing industry through historical documents from early history to the Chosun era we rightly evaluate history and be proud of this legacy and also reevaluate the wrong views held before.

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Consumer Spatial Behavior for Apparel Products based on Trade Area Selection Criteria

  • Son, Jin-Ah;Rhee, Eun-Young;Park, Hye-Sun
    • International Journal of Costume and Fashion
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    • v.12 no.1
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    • pp.29-48
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    • 2012
  • The purpose of this study was to examine the relationship between consumer spatial behavior and consumer characteristics based on trade area selection criteria 469 female consumers who lived in the two new towns near Seoul, Bundang and Ilsan, participated in the study by completing questionnaires. Data were analyzed by using cluster analysis, ANOVA, Duncan's multiple range test, chi-square analysis, etc. The findings of the empirical research were as follows: 1. Five groups were identified by cluster analysis based on trade area selection criteria of clothing price-oriented group, time convenience-oriented group, shopping convenience-oriented group, variety/entertainment-oriented group, and passive shopping group. 2. Each group differed in spatial behavior such as clothing shopping area, the visiting frequency, and spatial movement type. 3. Each group showed differences in fashion involvement and demographic characteristics(age, marital status, education, occupation and social status).

An Analysis of Road Shop in Main Fashion Trade Areas in Seoul: Based on Trends in 2007-2014 (서울 주요 패션상권의 가두점 분포 현황 분석: 2007-2014년의 변화추이를 중심으로)

  • Jang, Eunyoung
    • Journal of Fashion Business
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    • v.19 no.1
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    • pp.34-46
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    • 2015
  • The purpose of this study was to investigate the distribution state of road shops around the 9 main fashion trade areas in Seoul, and to analyze whether there were any differences in them based on clothing, store types and regions. Furthermore, by investigating the distribution state of road shops in the 9 main fashion trade areas per year, this study provides basic information that can be helpful in opening and securing road shops in major trade areas. The method of investigation was to analyze clothing types and store types with 72 maps of commercial areas. Samsungdesignnet investigated these areas for 8 years around the 9 main fashion trade areas (Garosugil, Gangnam nonhyun, Gangnam Station, Myungdong, Moonjung, Apgujung, Yeonsinne, Edae, and Chungdam). As a result, the distribution state of the fashion road shops based on clothing types revealed that road shops for ladies' wear, bag or shoes, and total fashion were strong, and the distribution state of non brand were strong. When it came to year-to-year trends, road shops for women's wear, bag or shoes, and total fashion showed a steady increasing tendency of being on-trend, but casuals and underwear showed a falling tendency of being on-trend. In terms of store type distribution, non-brand shops showed the most remarkable growth, followed by multi-shop while total fashion store showed a steady growth. Also, when it came to regional distribution, the dominant trade areas were different based on clothing type. Garosugil showed the widest variation in its yearly trend investigation, and Gangnam station also showed a substantial amount of growth. In other areas, there was no considerable change in the total number of shops, but increasing and decreasing markets had a complexity that depended on clothing types.