• 한국항공운항학회지
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• 제27권4호
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• pp.44-51
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• 2019

This study analyzes the trade patterns that occur between Korea and ASEAN countries through air transport, one of Korea's trade transport methods. In order to understand the detailed characteristics of the air transport sector, the dependent variables were analyzed by dividing them into amount and weight. As a result, the amount of exports, imports, and trade was proportional to GDP per capita representing income level, and inversely proportional to GDP representing national economic power. In terms of air transport weight, exports, imports and trade were all proportional to GDP representing economic power and inversely proportional to GDP per capita representing income levels. In addition, the national area acted as a factor to reduce the trade volume, and the number of airports and inland countries did not show any significant results.

• 무역학회지
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• 제44권5호
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• pp.161-174
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• 2019

Recent studies on trade payment methods have suggested various alternatives to replace remittance payments. However, these studies theoretically provided the possibilities and limitations of each alternative. To check recent changes in trade practices, our research analyzed payment methods in international trade e-marketplace. Using company and product information obtained from Alibaba.com, we analyzed payment methods used in this e-marketplace and examined determination factors for new payment methods. According to the results of logistic regression analysis, we found a relationship between new payment method and factors such as market competition and the age of the company. Also, providing Paypal payments showed a correlation with market competition and price level of products as well as e-commerce infrastructure. Though these study results feature limitations in the generalization of results, it contributes to the research on payment method trends in international trade.

• 무역학회지
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• 제44권1호
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• pp.129-142
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• 2019

This paper draws implications on the ship finance of the Korean ECAs for shipbuilding industry from the perspective of WTO ASCM through studying the trade disputes on export credits. In consideration of the underwriting practice on the case-by-case basis, the ECAs' law regimes and their ship finance programs as such would be judged not conferring a benefit. The ship finance of international commercial banks could be treated as a market benchmark for the purpose of determining the existence of benefit in the ECA ship finance. The ECAs share securities with international commercial banks for the same exposure to the risks in a syndicate. Therefore, WTO DSB would rule that the ECA ship finance confers no benefit for individual transactions. The items (j) and (k-1) of ASCM Annex I are not allowed to interpret a contrario.

• 무역학회지
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• 제44권1호
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• pp.143-158
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• 2019

As the overseas direct purchase market grows rapidly, firms are setting up various strategic directions to attract consumers. However, many previous researches on this issue have focused on consumption behavior based on consumers' motivation and demographic factors, so there is a certain limit to suggest practical implications for firms. Therefore, this study proposed modeling to understand how firm's strategic direction influences consumers' acceptance behavior in order to overcome these limitations. For this purpose, this study conducted a survey on 357 domestic consumers and conducted empirical analysis through structural equation model analysis. As a result, the effort expectancy of overseas direct purchase site has a strong influence on consumer intention as much as performance expectancy. We also found that product variety had the strongest impact on performance expectancy and that web site reputation directly affected consumers' behavioral intention as well as purchasing behavior.

• 무역학회지
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• 제44권1호
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• pp.253-268
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• 2019

This paper analyses the characteristics of partner countries when multinational firms of Korea, China, and Japan make greenfield FDI in foreign countries. Particularly, this paper applies the gravity model for greenfield FDI flows for the period 2003-2017. This paper finds that multinational firms of Korea, as compared to those of China and Japan, are very significantly and negatively responsive to political risks of partner countries. In contrast, multinational firms of Korea as well as those of China and Japan tend to make greater amounts of greenfield FDI in financially high-risk countries. This result indicates that multinational firms from these three countries should take financial risks of partner countries into more serious consideration.

• 무역학회지
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• 제44권3호
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• pp.15-24
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• 2019

The study conducted an empirical analysis of the impact of FDI on economic growth in four Asian countries: China, India, Vietnam and Korea. With panel data for the 1990-2017 period, the research model was developed for foreign direct investment (FDI), export amount (EX), government expenditure (G), exchange rate (EXR), and labourable population (L). The panel analysis results show that the increase in FDI, exports, government expenditure, labourable population significantly increased economic growth. The comparison analysis for each country revealed that FDI, exports and government expenditure significantly affect economic growth in China, that exports and government expenditure significantly affect economic growth in Korea, that FDI significantly affected economic growth in Vietnam, and that the increase in the workforce contributed to economic development in India. This paper characterized the different factors of economic growth in the four Asian countries. These results suggest that setting economic priorities to suit the specific economic conditions of each country is a shortcut to more efficient economic growth.

• 무역학회지
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• 제44권1호
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• pp.1-15
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• 2019

This study aims to analyze the effects of trade on human capital accumulation and economic growth in Korean manufacturing industry. The results of empirical analysis by dynamic panel model are as follows. The increase in exports of skilled labor intensive industries has a positive effect on human capital and economic growth, and the impact of import on human capital accumulation and economic growth has alst a positive impact. The exports of unskilled intensive labor industries have a negative impact on human capital accumulation and economic growth. Imports of unskilled labor intensive industries have negative on human capital accumulation and economic growth. It is difficult to derive statistically significant results for the effects of trade on human capital accumulation and economic growth before and after 2008. However, as a result of the financial crisis in 2008, it seems that the effects have decreased since 2008.

• 무역학회지
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• 제44권5호
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• pp.45-63
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• 2019

The purpose of this study was to identify methods to effectively train experts in trade. In order to achieve the purpose of this study, the relevant literature was analyzed. Three experts from each of academia, the private sector and the government sector were interviewed. The study results found that the problems of cultivating trade experts were quantitative and qualitative mismatches, the disparity with the field, and the lack of government support for training trade experts, etc. Methods for fostering trade experts were suggested to resolve these mismatches, to secure a budget for training trade experts, to establish a body or council for coordination, to develop a trade expert roadmap, to introduce a program for certificated trade expert, and to improve the quality of education for trade experts.

• 무역학회지
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• 제44권3호
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• pp.191-202
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• 2019

Despite innovative efforts to accommodate changes in the payment environment, the new types of settlement risks that are emerging require preemptive and proactive responses. Therefore, Korea should complement and develop large-value funds payment system operation and risk management policies by introducing international standards and linking with advanced financial institutions. This study examines the major issues such as the development process and characteristics of the large-value funds payment system of the two countries, the operation policy of the central bank, and the risk management policy by comparing the US Fedwire with the Korea Bok-Wire+. In addition, policy implications are suggested for efficient operation and development of Bok-Wire+.

• 무역학회지
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• 제44권2호
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• pp.159-172
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• 2019

An important issue in trade transactions is risk management. Trading partners focus on how to recognize risks and how to address these areas. This article discusses whether the quality of a substantial period of time remains appropriate to the contract even after the risk has been transferred. If the contracted product is not delivered, then the risk is not transferred because it does not fulfill the obligations of delivery. In order to prevent such risks, the Seller must regard the quality of the goods of their fulfillment and provide them to the Buyer in detail. In addition, it is necessary to carry out several times of transportation or insurances of insurance according to the transaction conditions. Commercial practice comes from repetitive trading activities over many years. I think it is constantly changing as the transaction continues. Changes in the way of international commerce always create new orders and regulations. We need to keep a close eye on them.