Economy of Daegu

th high quality apples and oriental melons. The fruit industry is a crucial support for the local economy. Due to the stagnant economy, Daegu’s population began to decrease after 2003. Recently, the local government has begun focusing on working towards economic revival and concentrating on improving the city’s fashion industry.

Fashion industry

Beginning in the late 1990s, Daegu has been actively making efforts to promote its fashion industry based on its textile and clothing manufacturing industries under the 'Daegu: Fashion City'. The city opens many exhibitions related to the fashion and textile industries including the Daegu Fashion Fair and Preview in Daegu annually or semi-annually, and invites national institutes. A large new town specializing in the textile-fashion industries is currently under construction in Bongmu-dong, northeastern Daegu. The district, officially named Esiapolis, takes aim at the fashion hub of East Asia. Textile complexes, textile-fashion institutions, an international school, fashion