The South Korea-based Kukdong Corporation's admission this week it would boycott Australian wool has been dismissed as inconsequential by the Australian Wool Innovation (AWI).
A spokesperson for AWI said the reports in the daily media of the South Korean company after PETA pressure were true.
But he likened the manufacturing and distribution company to a “minnow” in relation to other Australian wool buyers.
“The Australian wool clip is around 370 million kilograms,” they said.
“This mob takes around 20,000 kilograms.”
Similar to the beat up United States label Abercrombie and Finch received when they boycotted Australian wool, the spokesperson said Kukdong bought a minuscule amount of Australian wool.
The spokesperson said several mistruths have been reported in the media, including, that Hugo Boss and Marks Spencer had joined the boycott.
Kukdong Corporation, a manufacturer and distributor of the Pierre Cardin, NAFNAF and Jack & Jill brands, are mainly a knitwear company.
Kukdon chief executive SK Byun wrote in an email to PETA that it would seek wool from countries other than Australia.
"Our customers demand ethically sourced material, and as a result Kukdong Corporation is committed to eliminating Australian wool from our supply chain completely," Mr Byun wrote.