• Strategy21
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• s.36
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• pp.59-93
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• 2015

A Paradigm shift is in process in China's foreign policies during Xi Jinping's era. Such changes occur with changing national identities from developing country to great power, and from continental power to continental-maritime power. China's pursuit for sea power embraces its global strategy. Accommodating the new identity of maritime power, China is developing its maritime strategy. New silk-road strategy actively utilizes China's advantage in economy, while avoiding direct military challenges against the U.S. China seeks an associated balance of power with the U.S. On the other hand, China make its determination clear to protect its core national interests, particularly Taiwan straits issue, deploying Anti-Access and Area-Denial strategy. 'Pax-Americana 3.0' and 'China's rise 2.0' have convoluted and evolved in complexity. South Korea faces much tougher challenges ahead in its foreign and security environments.

• Asian Journal of Business Environment
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• v.2 no.1
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• pp.19-23
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• 2012

The economic exchanges have become increasingly frequent between China and Korea and the average annual growth rate of the total trade volume has increased by 30% since the establishment of diplomatic relations between the two countries. With the rapid economic growth and industrial upgrading of China, there are changes in the investment of Korea in China and domestic demand of China, and the trade structure of Sino- Korea has changed a lot in recent years. The changes have mainly manifested in the following aspects, including the increased proportion of high-tech products, raw materials and the intra-industry trade, the decreased proportion of consumer goods, the inter-industry trade and the trade deficit of China. With the development of the situation of international economy, the scale of Korea and China trade will continue to expand and the structure of Korea and China trade will also keep on changing in the long run.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.7
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• pp.528-534
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• 2019

This study analyzes the factors affecting China's carbon emissions from 1985 to 2016. In recent years, the whole industries of China are in the midst of industrialization and have several problems. Now, the low-carbon economy has become the main task of China's economic development. This study analyzes the factors affecting China 's carbon emissions by selecting relevant data onto the Chinese yearbook and using a time series model. The analysis shows that related industries continue to innovate and increase the use of green energy such as electricity, but coal is still the largest share of the energy consumed. As energy use efficiency increases and industrial R&D investment increases year by year, carbon emissions are increasing every year. In addition, there is a stereotype that industry is the biggest factor affecting carbon emissions. The research found that the impact of the industry on China's carbon emissions is declining gradually. While controlling industrial carbon emissions, keeping continue to improve technology development and focusing on carbon emissions from other industries are critical to reduce overall carbon emissions. Based on the empirical results, if we can change stereotypes starting from the nature of the data, we will quickly reach a low carbon sustainable development economy.

• International Commerce and Information Review
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• v.16 no.5
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• pp.225-248
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• 2014

Korea and China signed an FTA at November 10, 2014. The entry of China - the factory of the World - can be more active and easier. But Recently, China's economic growth is slowdown, and it began to emerge as a voice of concern. Therefore I analyze Chnia's economic slowdown is the impact on Korea's economy in this study. This study presented current trends and future prospects on China's economic situation. The changes of China's economic growth are the reduction of economic growth rate, falling proportion of processing trade, and the competition relationship of two countries. So they will be analyzed on this study. And this study presents ways that Korea economy reacts for China's economic growth slowdown. Trade statistics system of Korea International trade Association(KITA) is leveraged for this analysis. For competition relationship analysis, I analyze to use Contribution to the Trade Balance, Trade Specialization Index, Revealed Comparative Advantage of Country.

• International Area Studies Review
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• v.20 no.2
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• pp.3-23
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• 2016

In this study, we used actual proof analysis, based on SVAR model according to economy theory, to observe the impact of actual and financial market of Korea, Japan, and China that have adopted quantitative easing export based strategy of growth, an unconventional monetary policy of the U.S. As a result of estimation, it appears that real effective exchange rate rise shock of Korea, Japan, and China against U.S. dollar has a negative influence on current account and index of industrial product, which are real economy. It can be implied that the result is driven from the fact that strong home currency of Korea, Japan, and China decreases price competitiveness of exports, causing negative influence on real economy. The real effective exchange rate shock against U.S. dollar appeared to decrease national bond rate of Korea and Japan, while increasing that of China. In instances of Korea and Japan, it is implied that national bond rate decreases as foreigner investment funds flow in, considering foreign-exchange profit through advanced financial market with high opening extent. On the other hand, because there are strong regulation on opening extent of Chinese financial markets, the influence seems to be greater for domestic policy, rather than a foreign influence. Lastly, Korea showed a more dramatic variable reaction to exchange rate shock compared to Japan or China. It is implied from the result that Korea is relatively more susceptible and fragile in regards of international status of economic size and currency.

• International Area Studies Review
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• v.20 no.2
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• pp.113-140
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• 2016

This paper first extracts the main basis for the Middle-Income Trap(MIT) to apply these grounds to reality of the Chinese economy. And then confirmed crisis factors of China economy. Also discussed then the economic reforms of China in order to not fall into the MIT. After reviewing previous research extracted six factors the results will correspond to comply with the Chinese economy. Those are 'Over-investment', 'excess capacity' 'reduction of TFP continued,' 'disappearance and the aging of the population bonus', 'excessive debt and structural adjustment and financial instability of the company', 'income unequal expansion', 'low financial and information infrastructure accessibility', and 'low transparency index'. China's policy direction to avoid the MIT generally set properly, but proof that implementation process not easy, was appearing everywhere. After all, China economy should be modified now to a reforms of 'government failure' and promotion of function for ongoing restructuring system in the market. Because of the SDR incorporation from 2015, it is inevitable to face major constraints in the external aspects.

• Journal of Arbitration Studies
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• v.20 no.2
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• pp.199-225
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• 2010

This study investigates the characteristics of local arbitration committees in China based on arbitration institution evaluation model. Most of the literature on Chinese arbitration committees only focuses on CIETAC. However, the promulgation of 1994 Chinese arbitration act allows local arbitration committees to deal the arbitration cases related with foreign element. Before 1994, only CIETAC and CMAC handle the arbitration cases related with foreign element. For the evaluation of the local arbitration committees, this study establishes the arbitration institution evaluation model. This model has seven evaluation criteria: accessability, independence, neutrality, rapidity, economy, professionality, and extent of enforcement. Our findings are as follows. First, Chinese local arbitration committees have the strengths in the fields of accessability, economy and rapidity. However, they are deficient in the area of neutrality, professionality, and independence. Second, the spatial distribution of Chinese local arbitration committees is not equal in China. The number of local arbitration committees is big in the high growth region such as Shandong province. On the other hand, the number of local arbitration committees is small in the economically stagnant area. Third, the size and activity of local arbitration committees are various. Some of them are very active in dispute resolution through arbitration in China. For example, Beijing Arbitration Committee(BAC), Wuhan, Quangzou Arbitration Committee play the important role in dispute resolution through arbitration. However, the large part of local arbitration committees is financially weak and depend on the local government's financial support.

• Journal of Korea Trade
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• v.23 no.4
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• pp.131-148
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• 2019

Purpose - Based on the Korea-China FTA as the starting point, this paper makes an empirical analysis of the main influencing factors of the FTA utilization and performance of SMEs. Design/methodology - Taking into account the relationship between the internal and external environmental factors on FTA activities and performance of Korea's SMEs, with PLS-SEM and data obtained by the questionnaire, Smart PLS was applied for the analysis. Findings - The recognition of FTA in SMEs has a significant positive effect on FTA utilization and performance, the international marketing orientation factor only has a significant positive effect on the performance, while the inadequate improvement of non-tariff barriers has a significant negative impact on FTA utilization. In addition, FTA activity has a significant mediation effect on two paths. Originality/value - This paper is of great practical relevance as a tool to enable SMEs to make effective utilization of Korea-China FTA and improve their imports and exports. The paper helps grasp the main factors affecting the utilization and performance of FTA for SMEs, also to establish FTA Business Model and FTA utilization plans for specific industries in the future regarding tariff and non-tariffs compatibility.

• Journal of Distribution Science
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• v.17 no.1
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• pp.11-19
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• 2019

Purpose - We document the impact of economic policy uncertainty (EPU) in the US and China on the dynamic spillover effect of macroeconomics such as stock price, housing price in Korea. Research design, data, and methodology - We use the nine variables to analyze the effect which produces a result among the EPU indexes of the US and China on economic variables which is the consumer price index (CPI), housing purchase price composite index, housing lease price, the stock price index in banking industry, construction industry and distribution industry, and composite leading indicator from January 1995 to December 2016 with the Vector Error Correction Model. Result - The US EPU index has significantly a negative relation on the CPI, housing purchase price index, housing lease price index, the stock price index in banking industry, construction industry, and distribution industry in Korea. Conclusions - We find the dynamic effect of the EPU indexes in the US and China on the macroeconomics returns in Korea. This study has an empirical evidence that the economy market in Korea is influenced by the EPU index of the US rather than it of China. The higher EPU, the more risky the economy of in Korea.

• Journal of the Architectural Institute of Korea Planning & Design
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• v.34 no.6
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• pp.77-84
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• 2018

China has been pursuing continuous education reforms in order to complement the shortcomings of traditional education and to prepare for a new era in accordance with the development of the economy and society. School facilities were rapidly increased due to rapid population growth in the 60s and 70s, but the quality of the school facilities was low considering the efficiency and economy, and the regional variation was serious. The National Standard for School Design was enacted in 1986. Since then, we have proposed a new national standard in 2011 in accordance with social change and educational needs, and it has reached the present time. The purpose of this study is to analyze the main contents of "Code for design of school(GB50099-2011)" which is a standard study for Chinese school design as a basic study to understand changes in school architecture in China.