The sports fashion industry is actually definitely an image industry that produces the values of sensations and times.

The sports fashion industry is actually definitely an image industry that produces the values of sensations and times. Unlike simple manufacturing industries, it is an amalgamated industry that reflects consumers’ sensibilities and desires ultimately design and commercializes them and completes them with diverse image and high sensitivity marketing strategies.

It is an essential industry that satisfies the “meaningful” sector among essential human needs of life, and when incomes rise, fashion tends to differ from the concept of clothing to the concept of self-expression and life way of life. In modern society, as fashion has changed into a kind of cultural product that expresses one’s own lifestyle, the fashion industry has developed into a life-style culture industry that enrich and enrich the contents of life.

In addition towards value of a product, it is a high value-added industry that creates non-product value, i.e. psychological Fashion products are representative products which high value added according to fashion or brand image, design, material, aesthetic sense and expression, and can be added in value by brand image or style.

Sportstoto In the past, the fashion industry was reborn as a high value industry as caused by changes in overall industrial base, with regard to example high-quality product production technology, high-end fashion personnel from professional designers, consumers’ need for high-sensitivity fashion, the growth of women in their teens to early 30s as the consumer entity, the increase of professional women’s economic activities, as well as the increase of fashion mania according to brand concept and awareness.

South Korea’s fashion market, which shows high sensitivity to economic fluctuations, been recently showing high growth recently. The domestic fashion market is forming a market size of 42.4316 trillion won (as of 2018). (Data: Korea Federation of Textile Industries)

In addition, 안전놀이터 due to factors for life style change, rational consumption culture pursuit, and market polarization, the fashion market has become more fragmented and an opportunity to create new fashion business portions. In addition, new competition and growth are expected in the international market due to the acceleration of overseas advancement.

The fashion business can be a domestic-oriented industrial structure, which is more understanding of changes their domestic economy than other industries. In step with the consumer sentiment index and clothing spending forecast compiled your Bank of Korea, individuals’ projected spending on clothing is correlated with consumer sentiment, a gauge of consumers’ overall perception of the economy. In addition, individuals’ joblessness too is closely related to disposable income, so the style and clothing industries are highly correlated with economic fluctuations.

On the opposite hand, the sensitivity to economic fluctuations varies somewhat according to the obedience for this garment, without the pain . overall sensitivity of the men’s wear being the most sensitive to economic imbalances. On the other hand, the consumers in luxurious home market goods market are limited, and the intake of high-income households, the main consumers, is not more sensitive to the economy than those who work in the low- and middle-income brackets, along with the luxury goods, women’s clothing, and casual, which we focus on, are characterized by relatively slow and low economic variations.

In terms of the seasonal nature within the fashion industry, the share of F/W (fall/winter) rather than S/S (spring and summer) is relatively large, especially in the fourth quarter rather than the third quarter as being the unit price of winter products is generally higher than that of other seasonal products.

Sportstoto On overseas brand market, capacity to possess and find promising foreign brands, preoccupy and expand the distribution network is paramount, together with that respect, the nation’s luxury sector is mainly dominated by competition among large companies to attract luxury brands and expand the distribution network. Women’s clothing is extremely competitive since the device has more competitors than other submissives such as men’s clothing, infant uniform and sportswear, and differentiators are formed based on brand images or product styles that cannot be easily imitated due to the characteristics of it is definitely fashion cycle.

The laws applicable in relation to the retail sale of textiles, textiles, clothing and clothing accessories include laws caused by intellectual property (patent, utility news, designs, trademarks) and laws on monopoly regulation and fair trade, and consumer protection in e-commerce, etc. Other relevant statutes include pick up an object on Unsafe effects of Terms and Conditions, pick up an object on the Fair Trade Commission on the Fair Trade Commission’s Notice and Information.