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

The sports fashion industry is an image industry that produces the values of sensations and times. Unlike simple manufacturing industries, it is a composite 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 the essential human needs of life, and when incomes rise, fashion tends to alter from the concept of clothing to the concept of self-expression and life tradition. In modern society, as fashion has converted into a kind of cultural product that expresses one’s own lifestyle, the fashion industry has developed into a way of life culture industry that enrich and enrich the contents of life.

In addition to your value of a product, it also is a high value-added industry that creates non-product value, i.e. psychological Fashion products are representative products that have 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 design and style.

Sportstoto In the past, the fashion industry was reborn as a quality value industry as a result of changes in overall industrial base, 안전사이트 pertaining to instance high-quality product production technology, high-end fashion personnel from professional designers, consumers’ desire for high-sensitivity fashion, the increase of women in their teens to early 30s as the consumer entity, the increase of professional women’s economic activities, along with 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 49.4316 trillion won (as of 2018). (Data: Korea Federation of Textile Industries)

In addition, due to factors because life style change, rational consumption culture pursuit, and market polarization, the fashion market is becoming more fragmented and a venture to create new fashion business categories. In addition, new competition and growth are expected in the worldwide market generated by the acceleration of overseas advancement.

The fashion business is a domestic-oriented industrial structure, can be more sensitive to changes their domestic economy than other industries. Reported by the consumer sentiment index and clothing spending forecast compiled along with Bank of Korea, individuals’ projected paying for clothing is correlated with consumer sentiment, a gauge of consumers’ overall thought of the affordable. In addition, individuals’ consumer spending is closely related to disposable income, so the style and clothing industries are highly correlated with economic fluctuations.

On one other hand, the sensitivity to economic fluctuations varies somewhat according towards the obedience for the garment, using the overall sensitivity of the men’s wear being probably the most sensitive to economic movement. On the other hand, the consumers in luxurious home market goods market are limited, and the intake of high-income households, the main consumers, isn’t more understanding of the economy than those in the low- and middle-income brackets, as well as the luxury goods, women’s clothing, and casual, which we focus on, are known as relatively slow and low economic variations.

In relation to its the seasonal nature from the fashion industry, the share of F/W (fall/winter) regarding S/S (spring and summer) is relatively large, particularly the fourth quarter instead of the third quarter unfortunately the unit price of winter products is generally higher in contrast to other seasonal products.

Sportstoto In the overseas brand market, the ability to possess and find promising foreign brands, preoccupy and expand the distribution network is paramount, whilst in that respect, the nation’s luxury companies are mainly dominated by competition among large companies to attract luxury brands and expand the distribution network. Women’s clothing is incredibly competitive that 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 can’t be easily imitated thanks to the characteristics of quick fashion ride the bike.

The laws applicable with regards to the retail sale of textiles, textiles, clothing and clothing accessories include laws related to 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 the act on Unsafe effects of Terms and Conditions, pick up an object on the Fair Trade Commission more than a Fair Trade Commission’s Notice and Advice.