Korean Fashion Needs to Bet on R&d, Not Speed

Korea's fast-growing fashion industry is struggling. Despite growth in size, the industry is witnessing profitability deterioration. According to Korea Research Institute for Fashion Industry, the average operating margin of domestic casual fashion companies, including SPA brands, fell sharply to 0.8% in 2014 from 3.3% in 2013.

(Full article only available in Korean)