Korean jewelry business no turning back

Since 2007 , from Korea jewelry supplier processing enterprises gradually withdraw from Qingdao , until 2012 , leaving the South Korean enterprises in China are numbered . Recent news that some South Korean companies began to move back to Qingdao , Qingdao jewelry Reporter recently interviewed industry insiders informed of the situation .

 

 Costs skyrocketing , back hopeless

 

Jewelry processing is a labor-intensive industry , the last century , Korea jewelry processing enterprises chose to move large numbers of Qingdao , first, because it was far less than the cost of production in China Korea , manpower, materials, and logistics and other aspects will be substantial savings substantial funding , and secondly also due to geographical advantages , Qingdao , import and export trade developed and closer from Korea . Today, with the rapid development of China's economy , the cost of production increased year by year , to unprecedented pressure on South Korean companies , so they choose to move to the current costs are still low in India, Vietnam and Mexico . Therefore, in order to control the cost of production in terms of Chinese prices unlikely back 20 years , Korean companies would no longer move back to China .

 

Korean enterprises to go, industry is still

 

Although Korean enterprises gradually withdraw from the Chinese market, but happy is that after nearly 20 years of development, since a large number of Korean jewelry manufacturer business driven the growth of local Chinese jewelry factories , especially in already rooted in Qingdao , advanced manufacturing technology and R & D strengths jewelry procure Qingdao region into a docking bridge the international jewelry market . Since the Korean enterprises to move back when the powerful local processing enterprises hired a former South Korean companies working in the designers and managers , which directly enhance the company's design and management capabilities. Qingdao Li Jinsheng Jewelry Association , said: "Korean is a synonymous with fashion , but consumers do not know Korean jewelry is actually Qingdao original, almost all of the world's jewelry fashions are from Qingdao this huge research and design center ."

 

China 's economic development , rising costs , Korean companies divestment trend is irreversible , but the important thing is brought up by the South Korean national jewelry business jewelry factory industry is still developing steadily , with a strong technical and design basis and gradually into the industry, technology-intensive industries and through the chain to create a low-cost operating environment , to achieve long-term sustainable development.