Korea: Daegu weaving district faces crisis

From: Asian Textile Business | Date: March 1, 2003| Author: Anonymous | Copyright information

There is a clear and rising trend toward bankruptcy and the closure of business in the Daegu weaving district because exports of polyester filament woven fabrics have not shown any signs of recovery and both weaving and dyeing industries are continuing at low levels. In this situation, some people have even begun to suggest that the weaving district is going to collapse.

Exports of polyester filament woven fabrics showed a recovery trend in summer last year, but order bookings became ...

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