• Asia-Pacific Journal of Business
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• v.12 no.4
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• pp.299-312
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• 2021

Purpose - The purpose of this study is to analyze Trade Structure after Korea and Colombia FTA, and identify its problems and suggest measures that can be taken by the government and corporations to reinforce economic cooperation. Design/methodology/approach - To improve the level of contribution of the study, an empirical analysis is necessary. However, due to limited data access, the study will approach the topic of trade relations between Korea and Colombia with various statistics and literature. Findings - First, there is an urgent need for changes in import-export goods between Korea and Colombia, as trade is focused on specific items. Second, although foreign direct investment from Korea to the Colombia is centered in manufacturing and wholesale & retail, there should be different investment strategies by industries. Third, it is necessary to reinforce commercial cooperation. Research implications or Originality - The Free Trade Agreement between Korea and Colombia entered into force in 2016. Under the agreement, both countries will eliminated all tariffs within ten years after it takes effect. Reinforcing economic cooperation with Colombia is extremely important for Korea in terms of entering and dominating Colombian market. However, there is still a lack of research on the Colombia, and corporations that aim to enter Colombian market face difficulties due to lack of information. This study analyzes the recent trends of problems of trade between Korea and Colombia and suggests solutions for boosting trade to provide proper strategic guidelines for Korea that are planning to expand to Colombian market.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.2
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• pp.177-183
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• 2022

The COVID-19 pandemic has hurt the economy and negatively impacted all enterprises' financial performance. The COVID-19 pandemic has put a strain on global manufacturing capacity and supply chains, and it is also the pandemic that has given up new opportunities for the logistics industry to develop as e-commerce has developed. By analyzing the financial performance of logistic firms listed on the Vietnam Stock Exchange, this study tries to quantify those consequences. A total of 114 logistic companies were included in the study's sample. The Wilcoxon Signed Rank Test was performed to test the difference between some ratios in 2019 and 2020. This study found that the financial performance of 114 logistic firms listed on the Vietnam stock exchange has not improved. The data show that during the COVID-19 pandemic, the leverage ratio increased while the profitability and efficiency ratios decreased. The liquidity ratio did not show any significant differences. On the contrary, these businesses' performance, such as returns on assets, receivable turnover, and leverage, has decreased. The COVID-19 had a global impact on supply chains, therefore export activity and international transportation were badly hampered, with only a few domestic logistic enterprises growing.

• International Journal of Advanced Culture Technology
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• v.11 no.1
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• pp.171-180
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• 2023

This study is to develop a performance analysis model for SMEs.Based on similar performance indicators through previous studies, performance indicators for SMEs were rewritten.Through the Korean Journal Citation Index (KCI), 75 related data were classified and a comprehensive SME performance analysis model was developed.Performance analysis was divided into two axes and classified into tables.The horizontal axis is the spatial performance range, which is divided into three areas: performance management by department/function, integrated performance management for the entire organization, and governance performance management requiring policy feedback. The vertical axis is subdivided into short-term, mid-term, and long-term by time and growth stage, and is divided into three parts: technical performance according to technological input, economic performance as organizational performance, and social performance for policy utilization. Then, performance indicators were mapped to each column. As a result of the survey, 28% of technical performance was analyzed as a result of frequency analysis, and performance indicators were organized into five categories: IT, R&D, certification, patent, and innovation. Economic performance was divided into 29%, BSC, HRD, logistics, production quality management, financial support, asset management, etc. 6 categories, social performance 43%, ESG, marketing, export, policy support, consulting, cooperation, etc. 7 categories.Limitations of the study include the narrowness of the survey that derived only performance indicators despite being a meta-analysis, and the performance model was mapped and classified according to growth stage and support period.however Insufficiency of validity due to lack of evidence, performance indicators were developed, but there were limitations in utilization for practical use.

• Journal of Korea Trade
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• v.26 no.7
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• pp.43-58
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• 2022

Purpose - Based on the telecommunication service trade data of China, Japan, and South Korea from 2009 to 2019, this paper compares and analyzes the international competitiveness of the three countries' telecommunication service trade, and finds the existing problems in China through the comparison, so as to make reasonable planning and industrial development strategy, and find away to catch up. Design/methodology - The comparative analysis method was used to compare and analyze the international competitiveness of telecommunication service trade among China, Japan, and South Korea from the three aspects of market share, trade surplus, and export proportion represented by MS, TC, G-L, RCA, and CA. Findings - The international competitiveness of telecommunication service trade among China, Japan, and South Korea does not have competitive advantages. China is larger than Japan and South Korea, but only close to average globally, and its share of trade in telecommunications services is lower than Japan and South Korea's. Originality/value - This paper tries to explore international competitiveness in the field of telecommunication service trade, and through the comparison of five indicators to find problems in China, so as to put forward countermeasures to improve the international competitiveness of China's telecommunication service trade, and lay a foundation for subsequent research on the source factors of international competitiveness.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.5
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• pp.285-294
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• 2022

Using the ARDL approach, this study examined the impact of macro factors on Vietnam's stock market in the short and long run from 2010 to 2021. The State Bank of Vietnam and the International Monetary Fund provided time series data for this study. Research results show that in the long run, money supply and exchange rate respectively affect the stock market. The money supply had a positive effect on the VN-Index, while the exchange rate showed the opposite effect. However, the study did not find a relationship between world oil price and interest rates on VN-Index in the long run. On the other hand, in the short term, there are relationships between variables; specifically, interest rates and exchange rates have a negative impact on the VN-Index, while the world oil price and the fluctuation of money supply M2 of the previous one and two months showed an impact in the same direction on this index. The differences in the regression results on the impact of exchange rate and oil price on the VN-Index compared to previous studies come from the characteristics of Vietnam's stock market, with the large capitalization of companies in the oil and gas sector, and the structure of Vietnam's economy with export heavily depends on FDI sector.

• Korea Trade Review
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• v.42 no.3
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• pp.101-121
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• 2017

This article investigates the negotiation landscape of WTO ITA(Information Technology Agreement) expansion negotiation which is the most recently concluded plurilateral trade agreement under WTO. Using the trade flow data of each country and product, this study explores analytical indicators to identify the overall characteristics of the negotiation and negotiation position each participant might make. Results identified that the negotiation was generally led by export-oriented countries, especially East Asian countries. Country level negotiation positions at each sub-sector are also discussed in this study.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.1
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• pp.353-362
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• 2022

Small and medium businesses (SMEs) play a critical role in the economy, yet they are plagued by a shortage of finance. Determining the influence of cash sources both inside and outside the firm is critical to the company's survival and growth. As a result, the purpose of this research is to determine the impact of capital on the growth of SMEs in Vietnam. The key factors of this research are equity and liabilities, which are two proxies for a firm's capital. The data is based on the results of a survey conducted every two years from 2005 to 2015, which included over 2,600 SMEs in 20 processing and manufacturing industries in ten provinces and cities, including Hanoi, Hai Phong, Ho Chi Minh City, Ha Tay, Phu Tho, Nghe An, Quang Nam, Khanh Hoa, Lam Dong, and Long An. The findings show that characteristics such as equity capital, total workforce growth rate, and male entrepreneurs have a positive impact on enterprise growth, whereas liabilities, firm age, and export have a negative impact on enterprise growth. The study has demonstrated that equity has a positive impact while liabilities have a negative impact on the growth of Vietnamese SMEs.

• SUVANNABHUMI
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• v.15 no.1
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• pp.255-275
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• 2023

Trade between South Korea and Malaysia has been steadily increasing since the conclusion of the multilateral Free Trade Agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and South Korea. Bilateral FTAs such as Singapore-South Korea, Vietnam-South Korea, and Indonesia-South Korea came into effect to enhance the economic cooperation between South Korea and major ASEAN countries. However, the bilateral FTA between South Korea and Malaysia, known as Republic of Korea-Malaysia FTA, is still under negotiation. Therefore, this study aims to analyze the economic impact of a possible FTA between these two countries. To examine the economic effects of bilateral FTAs, this study analyzes the trade structure and change in the value of trade between Malaysia and South Korea using panel data analysis. Two significant findings were identified by the analysis. First, the Republic of Korea-Malaysia FTA is expected to promote trade and have a positive effect on the Gross Domestic Product (GDP) of South Korea. Second, the result of the calculated price elasticity based on substituting figures such as tariff, demand elasticity, and export value is that the value of manufacturing exports is expected to considerably get an increase. Therefore, an early FTA between South Korea and Malaysia would be beneficial for both national economies.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2022.05a
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• pp.710-712
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• 2022

Agricultural products take a large part of the wholesale and retail market as a necessity for daily consumption, and the consumption and price of agricultural products affect the supply and demand of agricultural products, consumer spending, and agricultural household income. Therefore, in this study, It was conducted on unit price prediction using LSTM to trade agricultural products, weather observation, import and export performance and fresh food index data. In order to study the supply and demand management of agricultural products and appropriate prices in the wholesale and retail market, unit prices are predicted for garlic, cabbage, and onions with high consumer price index weights among items subject to vegetable price stabilizers.

• Korea Trade Review
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• v.45 no.4
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• pp.25-43
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• 2020

This study mainly measures the level of trade facilitation in member countries along the "the Belt and Road" and discusses the impact of trade facilitation on bilateral trade. Based on the research results of domestic and foreign scholars, this study made a new systematic measuring system which covering 4 indicators and 15 subordinate indicators, to obtain the trade facilitation index. Based on the extended gravity model, this paper conducts a panel data, for more than 50 major trading members along the "the Belt and Road" during 2010~2017 as an example to empirically study the relationship between the trade facilitation level of major trading members and the volume of China's import and export trade. The results show that the level of trade facilitation among member countries is not high and the trade facilitation variable has positive value, indicating that the trade facilitation variable has positive effect on increasing bilateral trade. If the trade facilitation increases by 1% respectively, the bilateral trade level will increase by 0.98% separately. Finally, according to the regression results of four aspects of the trade facilitation index system, e-business development plays the most significant role in promoting trade facilitation.