Globally, South Korea is one of the leading nations in utilizing rubber products. Though the nation has captured over 5% of the natural rubber market globally, however, has secured about 85% of the synthetic rubber domestically. Amazingly, over 2, 000 rubber industries are in full fledge operations with production volume creeping around 5 billion dollars, which is, equivalent to 1% of the entire production of the domestic manufacturers. Moreover, the Korean rubber industry is frontiers in tires manufacturing, shoes, and other rubber products. Though the export of rubber products is reduced half as compared to 1990, the situation is stable since after 1997 financial crisis. Furthermore, from 1990 there exists a sharp decay of -3.6%, still nation remains 6th largest natural rubber consumer, and 7th in synthetic, worldwide. Presently, the pace of the shoes industry watershed has been halted by unfavorable business climate in the international market. It will be big leap ahead, if the Korean rubber industry in the shoe sector renovates successfully by solidifying their ground roots.
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