The Korea Credit Guarantee Fund, or Shinbo, has predicted a bright second quarter for the country’s textile, clothing and leather goods manufacturing industries.

In a recent BSI (business survey index) survey conducted among 2,029 small to medium-sized companies, the textile, clothing and leather sector scored an index of 158 – thirteen points higher than the overall BSI, which was itself judged to be extremely positive. The Shinbo attributes the strong expectations to an increase in sales and improved liquidity.