There is a clear and rising trend toward bankruptcy and the closure of business in the Daegu weaving district because exports of polyester filament woven fabrics have not shown any signs of recovery and both weaving and dyeing industries are continuing at low levels. In this situation, some people have even begun to suggest that the weaving district is going to collapse.
Exports of polyester filament woven fabrics showed a recovery trend in summer last year, but order bookings became slow again in the fourth quarter and these exports have moved without any signs of an upturn since the start of this year. Many weavers consider, "The current order booking is about half of last …
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