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Building a Shared Stockpiling System for Textile and Fashion Raw and Auxiliary Materials Moves into Full-Scale Implementation… Strengthening the Production Safety Net for Local Businesses

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Busan Metropolitan City, led by Mayor Park Heong-joon, announced that it will fully implement the “Shared Stockpiling System for Textile and Fashion Raw and Auxiliary Materials” project to ease the management burden on local textile and fashion companies facing difficulties caused by global supply chain instability and soaring raw material prices, while supporting stable production activities.

The project was designed to protect the production base of local industries by preventing production disruptions and delivery delays among local businesses and establishing a stable supply chain system amid growing procurement challenges for key textile and fashion materials such as dyes (polyester and nylon), natural leather, and sewing thread.

Busan Metropolitan City plans to select 72 textile, fashion, sewing, and footwear-related companies located in Busan and provide each company with up to KRW 2 million worth of raw and auxiliary materials.

The supported items were selected following a review by an operations committee composed of experts, based on the results of a corporate demand survey conducted in May and an analysis of difficulties in securing raw and auxiliary materials.

Applications for participation will be accepted from today (June 23) through July 7 via the shared stockpiling platform at b-stock.or.kr.

Detailed information about the project is available through the Busan Textile & Fashion Industry Association by phone at 070-4820-1398 or by email at btfa@fashioncity.or.kr.

The project goes beyond simple material support and focuses on establishing a regional supply chain response system that connects corporate demand surveys, joint purchasing, stockpiling, supply, inventory management, and responses to business difficulties.

Busan Metropolitan City plans to manage data on each company’s material usage and supply history through a database and use this information to jointly purchase high-demand items, thereby reducing purchasing costs and logistics expenses.

In addition, the city will enhance the stability of raw and auxiliary material procurement by providing alternative supplier information, logistics information, risk response consulting, and support for resolving business difficulties.

Park Dong-seok, Director General of the Advanced Industry Bureau of Busan Metropolitan City, said, “This project is more than a simple support program for raw and auxiliary materials. It is an initiative to establish a regional supply safety net capable of responding proactively to crises based on corporate demand and inventory information.”

He added, “We will continue to strengthen practical support systems that local textile and fashion companies can truly experience in the field, ensuring that production and delivery schedules are not disrupted by instability in the supply of raw and auxiliary materials.”