Musinsa said on Thursday it signed a three-way memorandum of understanding with KOTRA’s China regional headquarters and South Korean designer brand Akham. It plans to build a cooperative ecosystem to help K-fashion establish itself in China. The agreement aims to reduce barriers and uncertainty for brands expanding overseas by combining Musinsa’s local operating infrastructure with KOTRA’s global network to expand sales channels and advance a public-private growth model.

South Korea moved to conduct an emergency review of the real economy in response to Middle East instability triggered by U.S. and Israeli air strikes on Iran. The industry ministry held a second review meeting in Seoul led by Vice Minister Moon Shin-hak (문신학), with related agencies and major energy and trade bodies attending. The government said it is checking contingency systems, citing adequate oil and gas inventories for now, while preparing measures for exports, logistics and supply chains if the situation lasts.