Hong Kong and South Korea are jointly working to promote their fashion industries. Textiles will be given attention as they are the first step leading to the fashion industry. More emphasis is being placed on designer brands at the moment but company brands may also be promoted.

Both South Korea and Hong Kong have a strong tradition of manufacturing high quality fabrics. The fashion industries of both countries have the knowhow and experience to produce full lines and set the pace with worldwide fashion trends. Both are attracting a strong core of talented young people.

The joint effort will take responsibility for formulating policies, strategies and initiatives for the development of creative industries. Hong Kong designers will visit South Korea. It is believed these reciprocal trips will facilitate exchanges between the two countries. Cooperation with the Korean fashion industry will continue to increase.

The CEL Venture Complex is one of the latest projects for creative industries in Seoul. The Dongdaemun Design Plaza is the landmark of Korean fashion and design. Hong Kong has a variety of retail outlets--skyscraper malls and cubby-hole stalls, flagship stores and factory outlets, luxury chic and hip boutiques. Local designers such as Vivienne Tam, William Tang, Walter Ma and Lu Lu Cheung produce world-renowned creations.