South Korea will invest 100 million won to develop fiber industry

According to South Korea’s “NEWSIS” report on December 22, South Korea’s Ministry of Industry, Trade and Energy stated that in order for South Korea’s fiber industry to make another leap, it is necessary to build a green industrial ecosystem and realize projects through digital transformation. In terms of innovation and product and service creation, the advantages of the Korean fiber industry should be maximized, that is, maintaining a balance in fabrics, dyeing, processing, clothing, etc. In order to build a solid fiber industry chain, the Korean government will increase investment in environmental protection, cutting-edge fiber materials and process technology development, and formulate a fiber fashion digital transformation (DX) strategy. According to the Ministry of Industry and Commerce, a feasibility study on the “Technology Development Project to Strengthen Fiber Ultimate Global Competitiveness” with an investment of 630 billion won over seven years is under planning. At the same time, the “Fashion Fiber Carbon Neutral Technology Development Project” with an investment of 180 billion won is also under preparation. In progress. </p