The federal government plans to announce a complete technique aimed toward increasing Korea’s exports of shopper items inside this 12 months amid rising world demand for Korean meals, magnificence and style merchandise, the commerce ministry stated Wednesday.
Commerce Minister Yeo Han-koo unveiled the plan throughout his assembly with main Korean firms manufacturing and distributing shopper items, together with on-line style platform Musinsa, e-commerce large Coupang, and a number one well being and wonder retailer CJ Olive Younger.
The assembly was held to debate measures to spice up the nation’s exports of shopper items consistent with the rising reputation of Korean tradition, the Ministry of Commerce, Trade and Sources stated.
The ministry stated the upcoming technique will possible embrace measures to assist Korean merchandise make inroads into world markets utilizing a premium technique, resolve difficulties associated to exports, comparable to logistics and certification, and the institution of world on-line malls for Korean-made merchandise.
“Our distribution platforms are the important thing bridges connecting abroad customers with Korean merchandise,” Yeo stated, noting that shopper items can turn out to be a brand new progress engine for the nation’s exports, which have historically been centered on semiconductors, vehicles and different industrial items.
