• Title/Summary/Keyword: Intermediate Goods

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A Comparative Study on the Rules of Origin and Origin Implementation Procedure in KORCHINA FTA and Main Korea's Existing FTAs - Focused on KORUS·KOREU·KORASEAN FTA - (한·중 FTA와 기(旣)체결 주요 FTA의 원산지 규정과 절차 비교연구 - 미국·EU·ASEAN FTA 중심으로 -)

  • LIM, Mok-Sam;LIM, Sung-Chul
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.69
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    • pp.589-616
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    • 2016
  • The reviewing of an analysis of the Korea-China FTA due to guidance introduced for the new regulations or exceptional regulations compared to the KORUS, Korea-EU, Korea-ASEAN FTA. Commodity sectors in the Korea-China FTA and the KORUS, Korea-EU, Korea-ASEAN FTA(the majority in the country and trade criteria analysis result) compared and analyzed the results, rules of origin and the customs clearance procedures of origin, preferential tariff rate of origin and the origin preferential specific rules are somewhat difference, but customs and trade facilitation regulations are already quite consistent with the Korea customs system. Relatively important research results were as follows. First, the calculation of the regional value content in KORCHINA FTA is that I'm to use the deduction method can comprehensively reflect a regional value ratio, with respect to the materials acquired originating status as the FTA in the US and EU use the product non it's not to consider the value of the originating materials originating materials can be utilized for intermediate goods. Second, even if a non-treaty country in the middle with the exception of direct transport rules, and acknowledge the country of origin are under customs control, there are provisions for the period are temporarily stored in a non-treaty countries separately, that period goods imported into the non-treaty countries and up to three months from the day. If the situation of the occurrence of force majeure be greater than three months, but has so exceed six months. Third, the materials acquired originating status in the Korea-China FTA not to consider the value of non-originating materials used in its products as the KORUS FTA and Korea-EU FTA, that can be utilized originating materials for intermediate goods. It is expected that higher utilization of rules of origin. Meanwhile, Korea-China FTA has provisions to allow requests for preferential tariff applied on imports Customs declaration of intention to apply pre-condition for a preferential tariff applied to the importer. In other words, if the import customs tariff preference when applying post-intention not to advance is to be noted that any preferential treatment to prevent the later application.

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Different Types of Liberalization and Jobs in South Korean Firms

  • Kim, Hyuk-Hwang;Lee, Hongshik
    • East Asian Economic Review
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    • v.19 no.1
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    • pp.71-97
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    • 2015
  • This study examines the effects of several factors indicating economic openness-imported intermediate goods, total imports, IFDI (inward foreign direct investment), and foreign ownership-on regular, irregular jobs and the ratio of irregular employment to regular employment. Findings revealed that imported intermediate inputs and IFDI affected neither regular nor irregular job figures. However, an increase in total imports led to a decrease in the number of irregular jobs without affecting regular full time jobs, leading to a decrease in the ratio of irregular jobs to regular jobs. On the other hand, changes in foreign ownership structure had a contrary effect, that is, a decrease in the number of regular jobs and an increase in irregular ones, and, thus, an increase in the ratio of irregular jobs to regular jobs. Overall results showed that a rise in imports results in depressed overall employment, irregular employment in particular, while more IFDI results in more irregular jobs replacing regular ones, effectively exacerbating job insecurity. The implication of this analysis is that greater economic openness may have a negative impact on the South Korean labor market overall.

Input-Output Structural Decomposition Analysis on the Growth Structure of Korean Maritime and Port Industry (투입·산출 구조분해를 통한 해운항만산업 성장구조분석)

  • Sang Choon Kim
    • Korea Trade Review
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    • v.46 no.1
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    • pp.83-111
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    • 2021
  • This paper conducts a Structural Dcomposition Analysis on the structure of factors contributing to the output growth of Korean Maritime and Port Industry during year 2000~ year 2017. Some of results are as follows. The output growth rates of the industry (yearly average 4.3%) was far lower than the average growth rates of Service as well as of Manufacturing Industries (yearly average 9% and 6.8%, respectively) due to the lower output growth of Maritime Industry. Among the growth contributing factors, change in domestic demand for final goods is the first contributing factor, and then change in technology, change in export and import substitution for intermediate goods are followed in order, but import substitution for final goods decreased its output. However, in each respective sub-periods of pre-global financial crisis and post-global financial crisis, change in the export, especially change in the export of Maritime Industry is the dominant determinant of output change in the Maritime and Port Industry in opposite ways. In the periods of the former the increase in the export of Maritime Industry overwhelmingly led the output growth of the Maritime and Port industry, but in the periods of the latter the decrease in its export was the culprit of lower output growth of the industry. On the other hand, among all industries of service and manufacturing sectors, Wholesale and Retail industry is the leading industry in contributing to the output growth of the Maritime and Port Industry, and Transportation Equipment industry is the leading industry among all manufacturing industries.

A Supply Chain Management Process Modeling for an Agriculture Marketing Information System (농산물 유통 정보화를 위한 공급사슬경영 프로세스 모델링)

  • Myung, Kwang-Sick;Park, Sei-Kwon;Kang, Dae-Won
    • IE interfaces
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    • v.13 no.3
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    • pp.358-377
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    • 2000
  • A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. SCM(Supp1y Chain Management), by definition, encompasses all activities associated with moving goods, from the raw materials stage through to the end user. It includes source and procurement, production scheduling, order processing, inventory management, transportation, warehousing, and customer service. Importantly, it encompasses the information systems used to monitor these activities. In this paper, the present situation and problems of marketing process in Korean agricultural environments were reviewed through a systematic methodology, and then we proposed a new business process for solving these problems by appling a supply chain management. We expect this supply chain management system applied to agricultural marketing process can improve significantly the rationality and transparency of Korean agricultural marketing structure.

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The Case Study of the Inventory Management System in P company (P기업의 재고관리시스템 구축사례)

  • 안봉근;김중순;손달호
    • Korean Management Science Review
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    • v.20 no.1
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    • pp.77-88
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    • 2003
  • Supply-Chain Management (SCM) was the integration of the activities that procure materials, transform them into intermediate goods and final products, and deliver them to customers. These activities include the traditional purchasing function, plus other activities that were important to the relationship with suppliers and distributors. P company was the first vendor in motor industry of Korea and had a flexible relationship with motor industry through SCM. However, p company had independent information with motor Industry and it caused many troubles In the operation of the P company. Considering these facts, authors had developed the inventory control system which was the part of order-fulfillment process and could make a progress in the operation of the inventory. The core factor of the developed inventory control system was the combination of the theoretical factors and the empirical factors. That is, the factors which were excluded in existing inventory theory revealed to be important.

A Study on the Progressive Use Plan of RFID/USN for Improvement in Distribution of e-Trade (전자무역의 물류/유통 개선에 대한 RFID/USN의 진보적인 활용방안 연구)

  • Jeong, Boon-Do;Jang, Gi-Young
    • International Commerce and Information Review
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    • v.10 no.3
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    • pp.101-116
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    • 2008
  • Future e-Trade RFID/USN distribution should satisfy the new needs of reasonable customers such as efficient supply of goods, presentation of information, and communication by developing intermediate and long-term strategies through analysis of industrial conditions and customers' needs. Through preferential application of new technology, knowledge-based e-Trade RFID/USN distribution environment and DB of industrial portal sites should be developed, RFID/USN infra such as Supply Chain Management(SCM) should be expanded, future-oriented knowledge-based services should be developed to prepare specific and realistic plans for proper UT(Ubiquitous Technology). Such change in e-Trade distribution environment should have historical and environmental backgrounds to suggest specific tasks and directions as a conversion of structural concept of engineering and trade theory for new u-Trade. Accordingly, this study is to present all the problems available in RFID/USN distribution, develop an organized and technological estimate model and provide a foundation to apply it efficiently. This study aims to present an interpretational foundation of RFID/USN distribution, rather than technical directions.

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Measuring the Economic Impact of the Energy Price Changes in Korea (에너지가격변화의 경제적 효과에 관한 연구)

  • Kim, Suduk;Sonn, Yang-Hoon
    • Environmental and Resource Economics Review
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    • v.10 no.4
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    • pp.495-513
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    • 2001
  • We investigate a practical method of calculating the impact of multiple domestic energy price change on the final demand, production, the export and import change, the change in the balance of payment of Korean economy. By combining an existing computable general equilibrium (CGE) model with the traditional input-output analysis with two additional assumptions on the price behavior, we provide a cost-effective method of analyzing the impact of multiple energy price changes on the domestic economy. The energy price shock we used in this paper is 0.127% increase weighted by the sectoral productions. The total impacts on price level and GDP are 1.258% and -0.940%, respectively. The impact on the total output (GDP and intermediate goods) is about -1.580%.

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Economic Impacts of Information and Communications Technology Industry In Korea Using Input-Output Tables (산업연관분석에 의한 정보통신산업의 경제적 파급효과)

  • Kim, Do-Whan
    • Journal of the Korean Operations Research and Management Science Society
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    • v.32 no.3
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    • pp.81-96
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    • 2007
  • This paper analyses the Korean information and communication technology supply side across the economy using 1995, 2000 and 2003 input-output tables. Input-output analysis considers inter-industry relations in an economy, depicting how the output of one industry goes to another industry where it serves as an input, and thereby makes one industry dependent on another both as customer of output and as supplier of Inputs. It can be evaluated that the recent growth of Korean ICT sector has come from the development of communication service and equipment industry and software industry. Although the high performance and positive revealed comparative advantages in ICT manufacturing sector, the value added and employment in that sector are not satisfactory. It may reflect in part high portion of imported intermediate goods in ICT manufacturing. However, it is fortunate that ICT services, which accounted for relatively high value added, induce the development of ICT manufacturing and follow strong export performance. Moreover, it is expected that the software sector with high value added and employment will be a major driver of ICT growth.

Network Structure and Centrality Analysis of Global Value Chains in Electrical and Electronic Industries (전기·전자산업의 중간재 글로벌가치사슬 네트워크 구조와 중심성 분석)

  • Seog-Min Kim
    • Korea Trade Review
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    • v.46 no.1
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    • pp.113-134
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    • 2021
  • This study analyzed the centrality of the GVCs network and the value-added-based production structure of the electrical and electronic industries using ADB-MIRO and social network analysis methods. According to the analysis, the centrality and power of the GVSc intermediate goods network were differentiated into China, the United States, and the EU due to the advancement of industrial structure in Asia. In the 2000 network, the United States and Japan had a very strong influence in all aspects, including connectivity and strength. However, in 2017, China's power index rose to number one among 62 countries in the network. Furthermore, this study presented strategic implications of the Korean electrical and electronic industries to respond to the reorganization of GVSs based on the analysis results.

A Study on the Exchange Rate Misalignment and Economic Performance of Korea and Japan Using Nonlinear ARDL (비선형 자귀회귀모형을 이용한 한국과 일본의 환율괴리와 경제적성과 비교영향 분석)

  • Park, Eun-Yub;Kim, Young-Jae
    • Korea Trade Review
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    • v.45 no.6
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    • pp.113-130
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    • 2020
  • This study analyzes the effect of misalignment exchange rate on economic performance asymmetrically. The results show that the over valuation of the real effective exchange rate of won has a significant positive relationship with economic performance. The under valuation of the real effective exchange rate of won has a positive effect on economic performance, but it is not significant. This is due to the high ratio of re-exports of intermediate goods despite Korea being an export-oriented country. In Japan, the undervaluation of the exchange rate has a negative impact on economic performance.