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http://dx.doi.org/10.22156/CS4SMB.2019.9.12.133

A Study on Foreign Exchange Risk Managements in the Korean Agro-food Industry  

Lim, Sung-Soo (Department of Economics and Trade, Konkuk University)
Nam, Jae-Woo (Department of Library and Information Science, Konkuk University)
Publication Information
Journal of Convergence for Information Technology / v.9, no.12, 2019 , pp. 133-140 More about this Journal
Abstract
This study examines the reason of a staggering trade deficit on the Korean agro-food industry. To achieve the goal of the study, this study suggests the policy implication for enlargement a trade deficit with foreign exchange rate. Despite the majority of grain importer does realize that there is a huge affection for price volatility on the business result, they are more likely to take flat pricing through the physical market to avoid risk of price volatility with exchange rate. Also the analysis of external and internal environments around the Korean agro-food export & import are conducted, particularly with the analysis of trade volume and food price affecting the export & import. Results from a survey show that the common factor to the effective use of overseas agricultural and foreign currency futures trading for grain traders in Korea.
Keywords
Agro-food Industry; Trade Deficit; Exchange rate; Import Management; Risk Hedging;
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