Korean investment from chemicals to garments

摘要

Starting in 2005, investment from Korea in China has shifted from opening chemical fibre plants to garment production. Since 1998 Korea recorded a gradual reduced export surplus. In 2002, its trade deficit with China was US$200 million. In 2005 Korea imported US$3.9 billion from China but exported $2.9 billion, a deficit of $1 billion. Facing this situation, Korea changed its investment plan in China. In early 2000 Korea invested heavily on chemical fibre.