• Korea Trade Review
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• v.44 no.6
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• pp.23-38
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• 2019

This paper aims to empirically study how service trade regulations and FTAs have affected trade in services of Korea, China, and Japan (KCJ). We estimate the gravity equation using the OECD Services Trade Restrictiveness Index (STRI), the Heterogeneity Index, and service trade data of KCJ and their main trade partners from 2003- 2010. The analysis revealed that the more restrictive regulations measured by the STRI are negatively associated with the services trade of Korea and Japan. In addition, Korean FTAs have had a significantly positive effect on service trade. Further empirical results showed that FTAs with a longer implementation period had a greater effect on services trade.

• Korea Trade Review
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• v.47 no.4
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• pp.15-33
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• 2022

This study is to investigate multilateral environmental agreements,mainly UNFCCC on the primary export industry of Korea and to make a policy recommendation. Mostly literature reviews are focused on the traditional multilateral environmental agreements and the for the most part analysis are conducted prior to the Paris agreement. The result of survey indicates that many companies have not yet felt burden on their business due to UNFCCC(decarbonization) and have monitored the related policies. But the companies ask the government for strong incentives. The paper implies that enforcing strong government incentives, upgrading usage of the nuclear power, improving the related government legislation, setting up the special task force team with government and private sectors are needed.

• Korea Trade Review
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• v.47 no.4
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• pp.35-52
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• 2022

Air transport is at the core of global economic growth. There is a close relationship between the flow of regional elements and the growth of the regional economy. It is easy to misestimate the impact of airports on the regional economy without considering spatial spillover effects. This study attempted to establish an asymmetric economic geographical weight matrix by applying the Spatial Durbin Model with cargo volume and passenger numbers as indicators. The influence of spillover effects on the regional economy, including direct spillover effects and indirect spillover effects are studied. The results revealed that passenger numbers and cargo volume have significant positive spillover effects on the regional economy. The driving effect of the airport on the regional economy was considered from a wider space scope. This study contributes to the scientific evaluation of the aviation economy.

• Korea Trade Review
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• v.47 no.3
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• pp.75-92
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• 2022

This study aims to analyze the International trade network of Water transport service using Social Network Analysis for defining the status of Korean Water transport industry. This study use World Input-Output Table of Asian Development Bank from 2000 to 2020 and build the International trade matrix of Water transport service from that. Therefore, this study analyze Out-degree centrality, In-degree centrality and betweenness centrality of Korea and other main countries in the matrix of World Water transport industry. As a result, Korea rank above 10th in the all centralities and the total output also rank 8th in the world, therefore, this study show the importance of Korean Water transport industry in the world. However, Singapore has the highest centrality in the world, even though China has the largest Total output among 63 countries.

• Korea Trade Review
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• v.46 no.6
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• pp.1-19
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• 2021

This paper examines the impact of sanitary and phytosanitary standards (SPS) and technical barriers to trade (TBT) on Korean exports, taking global value chains (GVC) participation into consideration. Using product-level import data from 2000 to 2014, we find heterogeneous effects of importers' SPS and TBT on Korean exports depending on the degree and position of GVC participation. According to the results, trade restrictive effects of SPS and TBT are smaller for industries that are more deeply involved in GVC. However, trade restrictive effects are greater for industries located at a relatively upstream production stage in GVC.

• Korea Trade Review
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• v.45 no.2
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• pp.67-86
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• 2020

This study analyzes the buyer's remedies for defects in title under DCFR, and it is compared with those of CISG. DCFR adopts a unitary concept of 'non-performance' which is any failure and includes delayed performance and any other performance which is not conformed with the contract. In terms of defects in title, any remedies for non-performance are available under DCFR. Thus. under DCFR, the buyer is entitled to enforce specific performance of obligations, to withhold performance, to terminate for fundamental non-performance, to reduce price, to damage for loss, to require repair, or to deliver a replacement. But under CISG, whether or not defects in title constitute 'non-conformity' is not clear and the majority understands 'non-conformity' does not include title defects. Therefore, the buyer may not has rights to require repair and delivery of replacement unlike DCFR.

• Korea Trade Review
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• v.45 no.5
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• pp.55-74
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• 2020

This study examines the policy direction and specific countermeasures for addressing possible port labour issues from the perspective of Just Transition which may be raised by closing coal fired power plants in Korea. Current energy transition policy and port labour policy in Korea are reviewed and case studies in the countries which has experienced closure of coal fired power plants are undertaken. Although it varies from country to country, a similar approach was found that the employment problem of coal fired power plant closures and measures based on Just Transition regime to mitigate the negative impacts that occur in the region are the key to successful transition. It is suggested that countermeasures for port labour should be institutionalized for providing stakeholders with legal stability covering labours not only directly employed by the plants but also employed in entities in the whole supply chains.

• Korea Trade Review
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• v.46 no.2
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• pp.301-321
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• 2021

This study analyzes the various roles of social value in the consumption value model in China's mobile e-commerce environment. This is because customers in the Confucian culture area are highly influenced by others in their consumption behavior. However, there has been no consideration of these opinions in the consumption value model. In particular, it was analyzed whether social value has a moderated mediation effects in the path of economic value on customer loyalty. As a result of analyzing 228 pieces of data collected in China, it was found that the economic value is increasing customer loyalty through the entrance of shopping malls, and this indirect effect is affected by social value, and there was a moderated mediation effect. This study is theoretically meaningful in that it is newly elucidating the role of social value in the consumption value model.

• Korea Trade Review
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• v.46 no.2
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• pp.371-387
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• 2021

This paper analyzed 110 papers related to the field of trade settlement published in the Korea Trade Review for 40 years from 1980 to 2019. This study tried to provide an insight on research topics and to suggest future research directions. The papers were analyzed according to the detailed topics of trade settlement. Research trends were identified every ten years by investigating the most frequently used titles and keywords. The analysis found that the direction of the research changed in line with the changes in trade settlement practices. Future research lies in the field of electronicization of traditional settlement methods, search for alternative settlement methods, individual international microtransaction and trade fraud.

• Korea Trade Review
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• v.42 no.1
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• pp.283-301
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• 2017

As a consequence of the changed role and functions in port operations, the role of port hinterland has transformed to multi-functional logistic centre linking more efficiently elements of the supply chain. This paper analysed distribution centre selection factors in Busan new port hinterland, aiming to diagnose and evaluate the operational situations of port hinterland as multi-functional logistics centre. Based on a data collected from all 122 samples located in Busan new port hinterland, determinants for location competitiveness identified were: political support, market potentiality, infrastructure utilization, market niche, and connectivity. Comparing the difference between an importance and performance, it is revealed that the target port hinterland requires urgent improvement in political supports such as incentive programmes offered by host country, free trade system and related law, financial assistance in constructing distribution centers, and simplicity, ease and efficiency of administrative procedures. The results provide useful insights for establishing future improvement strategies and a strategic agenda to successfully respond to the demands of the companies located in port hinterlands and/or new customers those who want to move in.