South Korea’s trade, industry and Energy Ministry recently said it will boost the competitiveness of its textile and fashion industries by helping local firms adopt smart manufacturing solutions and supporting research projects on next-generation fabrics. The government will allocate $33.7 mn over the 2018-2022 to implement the plan.
The project will help local sewing, dyeing and shoe factories adopt smart solutions to produce ondemand products for clients, according to a report. The move is in line with the global trend of making customized products for individual clients instead of mass producing pre-designed goods, the Ministry said.
The plan also calls for 52.4 bn won to be earmarked up to 2023 for the development of next-generation fabrics that can be used in firefighters’ suits and other specialised areas.
The government early this month announced a vision to turn the country into one of the world’s top four manufacturing powers by 2030 by promoting the adoption of smart factories and applying information and communications technology to new growth engines such as textiles and clothing.