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A Study on Awareness and Responses of Korean Textile Firms against Korea-US FTA
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  • Journal title : Fashion & Textile Research Journal
  • Volume 17, Issue 6,  2015, pp.978-987
  • Publisher : The Korean Society for ClothIng Industry
  • DOI : 10.5805/SFTI.2015.17.6.978
 Title & Authors
A Study on Awareness and Responses of Korean Textile Firms against Korea-US FTA
Ha, Ju-Young; Lee, Hyun-Ok; Ku, Yang-Suk;
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 Abstract
This study investigates the awareness levels of Korean textile companies and develops appropriate response plans for the Korea-US Free Trade Agreement. The study also explores practical and realistic directions that the Korean textile industry must initiate. A qualitative study was conducted on 10 individuals for a more in-depth and demonstrative understanding that provide a better awareness on the responses of the textile industry towards the Korea-US FTA. The results of this study are as follows. First, the effect of the Korea-US FTA on the textile industry was insignificant. Second, industry members determined that fabric sectors and specialized fabrics (such as industrial materials and finished clothing products) could realize benefits through the Korea-US FTA. Third, industry members emphasize that the current focus is on FTAs by countries that have solidified their positions as manufacturing and sewing bases for the US and Europe (such as Southeast Asia) and not the Korea-US FTA. Based on results acquired through this study, the response measures to enter the U.S. market are as follows. First, the industry must develop high-performance and high value-adding direct export products suited to the needs of the US market in order to realize the benefits of the Korea-US FTA. Second, the industry and government must cooperate to actively host and participate in overseas trade shows that can actively open sales channels within the US. Third, the self-sustainability of textile companies must be cultivated through continuous and focused government training.
 Keywords
Korea-US FTA;textiles;free trade agreement;textile firms;
 Language
Korean
 Cited by
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