In the first half of FTA or signing the cooperation between the Chinese and Korean outdoor industries, whether they can cooperate in depth Date:2015-06-01 19:30
During the recent China-Korea Business Summit, Lee Cheng-chul, vice president of the Korea Economic and Technical Cooperation Federation, gave advice on various industries. In addition to aerospace, medical, aircraft manufacturing and other industries, he also put forward the expectations of China and South Korea in the outdoor products industry.
He believes that as people's lifestyles change, horse riding, speedboats, golf, etc. have become popular outdoor sports. The demand in this area is also increasing. The size of outdoor products in Korea is 4 times higher than in Germany. The scale of outdoor products in China is also increasing. However, almost all outdoor product brands are brands of the United States and Germany. Therefore, China and South Korea can cooperate in this regard. Production of Chinese or Korean versions of Asian brands.
According to statistics, from 2006 to 2012, the size of the Korean outdoor market has increased from 1.2 trillion (6.529 billion yuan) to 5.8 trillion (31.56 billion yuan) won, a dramatic increase of 4.8 times in just six years. However, in the last two years, this speed has slowed down. In 2013, the annual growth rate of the Korean outdoor market was about 1.3% to 64 trillion won, while the year-on-year growth rate in 2014 was only 5-10 percentage points. In order to avoid the impact of the economic downturn in the local outdoor industry, many Korean outdoor companies have gone out and deployed overseas markets.
To this end, many Korean outdoor companies regard the free trade agreement between China and South Korea as a new development opportunity. According to the Yonhap News Agency, South Korean President Park Geun-hye hosted the State Council meeting on May 26, which reviewed and approved the China-South Korea Free Trade Agreement (FTA). The Korean government is striving to formally sign the Korea-China FTA in the first half of this year.
During the recent China-Korea Business Summit, Lee Cheng-chul, vice president of the Korea Economic and Technical Cooperation Federation, gave advice on various industries. In addition to aerospace, medical, aircraft manufacturing and other industries, he also put forward the expectations of China and South Korea in the outdoor products industry.
He believes that as people's lifestyles change, horse riding, speedboats, golf, etc. have become popular outdoor sports. The demand in this area is also increasing. The size of outdoor products in Korea is 4 times higher than in Germany. The scale of outdoor products in China is also increasing. However, almost all outdoor product brands are brands of the United States and Germany. Therefore, China and South Korea can cooperate in this regard. Production of Chinese or Korean versions of Asian brands.
According to statistics, from 2006 to 2012, the size of the Korean outdoor market has increased from 1.2 trillion (6.529 billion yuan) to 5.8 trillion (31.56 billion yuan) won, a dramatic increase of 4.8 times in just six years. However, in the last two years, this speed has slowed down. In 2013, the annual growth rate of the Korean outdoor market was about 1.3% to 64 trillion won, while the year-on-year growth rate in 2014 was only 5-10 percentage points. In order to avoid the impact of the economic downturn in the local outdoor industry, many Korean outdoor companies have gone out and deployed overseas markets.
To this end, many Korean outdoor companies regard the free trade agreement between China and South Korea as a new development opportunity. According to the Yonhap News Agency, South Korean President Park Geun-hye hosted the State Council meeting on May 26, which reviewed and approved the China-South Korea Free Trade Agreement (FTA). The Korean government is striving to formally sign the Korea-China FTA in the first half of this year.
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