• Title/Summary/Keyword: IT Trade

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Estimating CIF-FOB Margins of Korea's Imports at Country and Product Level (한국 수입의 국가별, 품목별 CIF-FOB 마진 추정)

  • Seung-Kwan Shin
    • Korea Trade Review
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    • v.47 no.4
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    • pp.53-68
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    • 2022
  • It has great significance to estimate CIF-FOB margins of international trade. It certainly helps develop statistics on transport costs of international trade and provides basic data for econometric analysis of transport costs. It also contributes much to our standing the correlation between the margins and trade partners' geographical distance as well as one between the margins and trading products. However, the quality issue of international trade statistics renders it very difficult to derive trustworthy CIF-FOB margin estimates. Utilizing various analytical approaches, this study intended to acquire credible estimates of CIF-FOB margins for Korea's total imports and for country/product specific imports data. Major findings are as follows. First, the average of CIF-FOB margins of Korea's total imports is 7.3% and is generally declining. Second, country level analysis provides credible estimates for CIF-FOB margins of Korea's imports from four partners (Japan, the US, Australia, and Brazil). The differences in margins among these four countries are caused by geographical distance and characteristics of traded products. Third, product level analysis reveals that the margins of gold and passenger vehicles are fairly low while those of primary products tend to be high.

Throughput Prediction of Pohang Port using Time Series Data: Application of SARIMA, Prophet and Neural Prophet (시계열 데이터를 활용한 포항항 물동량 예측: SARIMA, Prophet, Neural Prophet의 적용)

  • Jin-Ho Oh;Jeong-Won Choi;Tae-Hyun Kang;Young-Joon Seo;Dong-Wook Kwak
    • Korea Trade Review
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    • v.47 no.6
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    • pp.291-305
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    • 2022
  • In this study, the volume of Pohang Port was predicted. All cargo of Pohang port, iron ore, steel, and bituminous coals were selected as prediction targets. SARIMA, Prophet, and Neural Prophet were used as analysis methods. The predictive power of each model was verified, and a predictive model with high performance was used to predict the volume of goods in Pohang port. As a result of the analysis, it was found that Neural Prophet showed the highest performance in all predictive power. As a result of predicting the future volume of goods until August 2027 using Neural Prophet, it was found that the volume of all items in Pohang port was decreasing. In particular, it was analyzed that the decline in steel cargo was steep. In order to increase the volume of cargo at Pohang port, it is necessary to diversify the cargo handled at Pohang port and check the policy of increasing the volume of cargo.

An Empirical Study on the Effects of Trade Distribution Service Quality on Loyalty (수·출입 물류서비스품질이 충성도에 미치는 영향에 관한 실증 연구)

  • Shin, Myoung-Jin;Park, Seong-Bae;Han, Kyeong-Seok
    • Journal of Digital Convergence
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    • v.14 no.9
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    • pp.241-250
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    • 2016
  • This research aimed to analyze that there are main causes influencing the quality of trade distribution service. It means that the study was conducted to prove how the quality on trade distribution service affects customer satisfaction and loyalty with managers or higher who are responsible for trade distribution service overall. In accordance with analysis results, main causes (Reliability, Responsiveness, Support System) have a good implication for the quality of trade distribution, and Tangible has little influence. Moreover, customer satisfaction with the quality on trade distribution service has a positive impact on loyalty. Subject to the results, quality components of trade distribution service was ultimately verified that it has a positive relationship with loyalty via customer satisfaction. On the basis of this research, it is confidently expected to help improve the quality on trade distribution service.

The Development and Present State of the Trade e-Marketplace in Korea (무역 e-마켓플레이스에 대한 현황 및 발전방향)

  • Lee, Yong-Keun;Kim, Sun-Chul
    • International Commerce and Information Review
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    • v.5 no.2
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    • pp.113-132
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    • 2003
  • The recent advancement of information technology bas impacted immensely on international trade. Particularly, the Internet revolution bas been the driving force behind the expansion of electronic commerce (e-commerce: EC), of which Trade e-Marketplace has been playing very important role in doing international trade. This study analyses its concept, features, types and present state, and also bas an outlook of it in the future based on a precedent and literature study on this subject in order that the trade business and small corporations understand more deeply and use it effectively.

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Can Auto-ID make Trade Stable between Korea and China?

  • Choi, Jae-Seob
    • The Journal of Information Technology
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    • v.7 no.4
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    • pp.119-127
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    • 2004
  • As increasing trade through the world, especially in food, asymmetry of information can make the trade shrink. With the industrial development, Korea's agriculture had shrunk dramatically. By the result of the nation's industrial restructuring, over than 3/4 of Korea food consumption comes from abroad. And China is an important source of agricultural product to Korea. Increasing family income and increasing importing food consumption, Korean consumers have been interested in food safety. Especially. after experiencing several cases like struggle for safety of GMO food, poultry influenza, lead contained Chinese fish import, mad cow disease, cheating origin, etc. Obviously, those unreliable cases will hinder the increase of world free trade as well as the trust of two countries. Furthermore, distrust will be a cause of adverse selection. So, it need to find a way to solve the distrust which caused by asymmetry of information. And automatic identification procedures can help mitigate asymmetry of information in trade. And it will make Korean consumers can avoid adverse selection. This paper suggests adoption of Auto ID to encourage agricultural trade between Korea and China.

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A Study on the Determinant of Trade Show Performance of Export-oriented Small and Medium Enterprises. (중소수출기업의 무역전시회 참가성과 만족도 결정요인에 관한 연구)

  • Choi, Moon-Hwan;Kim, Young-Il;Seo, Min-Kyo;Kwon, Yung-Chul
    • International Commerce and Information Review
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    • v.10 no.2
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    • pp.117-139
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    • 2008
  • This study examines the determinants of trade show performance of export-oriented small and medium enterprises(SMEs). In this regard, the trade show performance is categorized into two dimensions, such as sales objective performance vs. non-sales objective performance Based on the analysis of 116 exporters participated in trade show held in DaeGu EXCO, it is found that the roles of the show organizers play more important roles in both the sales objective performance and the non-sales objective performance than the roles of the exhibitors do. It is also interesting to find that export experience has a negative influence on both the sales objective performance and the non-sales objective performance. These results suggest that trade show organizers should provide high service quality so as to enhance the trade show performance of exhibitors.

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The Asymmetric Impacts of Human Capital Accumulation through Trade on Economic Growth in the Manufacturing Sector of Korea (한국 제조업의 무역을 통한 인적자본축적이 경제성장에 미친 비대칭적 영향 분석)

  • Choi, Bong-Ho
    • Korea Trade Review
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    • v.44 no.1
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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.

Impact of International regulatory collaboration on Pharmaceutical trade (국가 간 의약품 규제 협력이 의약품 무역에 미치는 영향)

  • Jaeyoun Roh;Iyn-Hyang Lee
    • Korea Trade Review
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    • v.47 no.5
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    • pp.95-113
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    • 2022
  • Tariffs on pharmaceuticals are generally low, but the time-consuming and costly licensing procedures of importing countries may act as barriers to trade. Accordingly, in terms of improving export competitiveness through cost reduction of exporting countries and improving public health for importing countries, international regulatory collaboration is effective for both countries. However, little is known about the impact of cross-border cooperation in pharmaceutical regulation on international trade. This study empirically analyzed the effect of cross-border regulatory collaboration on pharmaceutical trade using the gravity model. It was confirmed that the regulatory collaboration measures had a trade promotion effect in all drugs(HS29+HS30), finished drugs (HS30), and vaccines (HS300220). This study is meaningful in that it empirically analyzed with the consideration of the reference pharmacopoeia, safety and effectiveness in addition to the GMP inspection used in the previous study.

A Study on the Facilitation Strategies of e-Trade in the Korean SMEs (중소기업의 전자무역(e-Trade) 활성화 방안에 관한 연구)

  • Choi, Jang-Woo
    • International Commerce and Information Review
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    • v.5 no.1
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    • pp.63-83
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    • 2003
  • This paper's objective is to provide insights about the problems and expansion strategies of electronic trade. Korean small and medium-sized firms have adopted the Internet since the end of 1990s in order to reshape their competitiveness, and it is now being utilized as a major export marketing instrument to develop new customers, save export transaction costs ad facilitate new work processes. However, at present, the use of the internet in the field of trading is limited to the collection of market information, owing to legal, technical and institutional restraints between countries. In addition to that, because firms have the difficulties in making the trade contract through the e-trade system, the negative recognition on its' utility has been spreaded gradually between companies. This is one of the barriers to block the expansion of e-Trade between Korean firms. Therefore, this paper points out the problems of e-trade in the environmental, institutional and strategic view and provides many considerations for establishing the expansion strategy of e-trade by the Korean government and trade supporting institutions.

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An Empirical Study on the Implementation Model of Global e-trade (글로벌 전자무역 구현모델의 실증분석)

  • Lee, Sang-Jin;Chung, Ja-Son
    • International Commerce and Information Review
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    • v.8 no.2
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    • pp.119-139
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    • 2006
  • The purpose of this research is to analyze four models of global e-trade implementation which was suggested at the advance research of implementation global e-Trade with major trading countries. The main outcomes of this empirical study are as follows. For realizing global e-trade of G-Networking model country we have to implement e-trade in the field of "import & logistics". And for realizing global e-trade of P-Networking model country, it need to try in "settlement & clearance". Furthermore, for realizing global e-Trade of G-Penetration model country, we have known that the field of "import & logistics" would be implemented. Finally for realizing global e-Trade of P-Penetration model country, "settlement & clearance" could be implemented. Also, this study suggests that we have to do negotiation with China and Japan at first, and to try the area of settlement & clearance to implement the global e-Trade with Korea's 10 major trading countries.

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