• 무역학회지
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• 제45권4호
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• pp.171-194
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• 2020

Although there is a lot of literature on the effectiveness of regional trade agreements(RTAs), it is usually analyzed only using trade-related theories and data. However, this paper has a differentiation in that we examine the linkage between international trade and financial markets through the stock markets reactions when the trade agreements related news arrived. Specifically, using an event study, we look into the Korea-US free trade agreement(KORUS FTA) which is the most commercially significant FTA in almost two decades for both the countries. Korean stock market generally responded more sensitively to FTA news than the US stock market, especially in 'Auto & Parts', 'Electrical Equipment' and 'Chemicals' industries. And the investors' perception toward the effect of KORUS FTA on Korean industries changed from negative to positive as negotiations proceed. Korea has a comparative advantage in the production of labor-intensive goods relative to US, but the economies of scale hypothesis does not hold.

• 한국유기농업학회지
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• 제31권3호
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• pp.211-228
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• 2023

The Korea-US FTA was one of the most controversial FTAs Korea has ever signed and was expected to have a significant effect on the agriculture sector, especially the livestock industry. This study ex-post analyzed the impact of the Korea-US FTA on the Korean beef industry including the Jeonnam province using a dynamic partial equilibrium model. According to the scenario analysis results, if there was no Korea-US FTA, the beef imports would be reduced to as low as 0.24% to 4.19% compared to the Baseline applying existing Korea-US FTA beef tariff rates over the 2012 to 2022 periods. In addition, if there was no Korea-US FTA, the agricultural product value of Jeonnam and national Korean beef cattle would increase from 0.25% to 7.37% and 0.25% to 7.33%, respectively, compared to the Baseline. The results of the analysis are expected to be used as important information for policy establishment in preparation for CPTPP and supplementation of current FTA policies regarding Korean beef cattle not only for the central government but also Jeonnam province.

• 디지털융복합연구
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• 제10권10호
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• pp.13-18
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• 2012

본 논문은 한-미 FTA 체제하의 로봇 청소기 산업에서 한국의 수출 경쟁력을 조사하고, 로봇 청소기 산업의 역량 강화를 위한 전략을 제시하고자 한다. 이러한 목적을 위하여 한국과 미국의 로봇 청소기의 현재 상황과 환경 그리고 한-미 FTA의 핵심 요인들을 분석한다. 그리고 한국의 로봇 청소기 산업의 SWOT 분석을 통하여 우리나라 로봇 청소기 산업의 특징을 분석하고, 분석결과를 바탕으로 한-미 FTA 협정 발효에 따른 로봇 청소기의 경쟁력 향상 전략을 도출하였다. 이러한 분석과 전략을 통하여, 한-미 FTA는 한국의 로봇 청소기 산업이 미국 시장으로의 진출하는데 다양한 이점을 가지게 하며, 한국의 수출 역량을 강화할 수 있는 기회를 제공함을 발견하였다. 결론적으로 현재의 상황과 개선하고, 경쟁력을 확보하기 위하여 정부 및 회사들은 한-미 FTA 효과를 중요하게 인지하고 활용하여야만 한다.

• 한국의류산업학회지
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• 제17권6호
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• pp.978-987
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• 2015

This study investigates the awareness levels of Korean textile companies and develops appropriate response plans for the Korea-US Free Trade Agreement. The study also explores practical and realistic directions that the Korean textile industry must initiate. A qualitative study was conducted on 10 individuals for a more in-depth and demonstrative understanding that provide a better awareness on the responses of the textile industry towards the Korea-US FTA. The results of this study are as follows. First, the effect of the Korea-US FTA on the textile industry was insignificant. Second, industry members determined that fabric sectors and specialized fabrics (such as industrial materials and finished clothing products) could realize benefits through the Korea-US FTA. Third, industry members emphasize that the current focus is on FTAs by countries that have solidified their positions as manufacturing and sewing bases for the US and Europe (such as Southeast Asia) and not the Korea-US FTA. Based on results acquired through this study, the response measures to enter the U.S. market are as follows. First, the industry must develop high-performance and high value-adding direct export products suited to the needs of the US market in order to realize the benefits of the Korea-US FTA. Second, the industry and government must cooperate to actively host and participate in overseas trade shows that can actively open sales channels within the US. Third, the self-sustainability of textile companies must be cultivated through continuous and focused government training.

• 한국산학기술학회논문지
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• 제13권10호
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• pp.4551-4556
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• 2012

본 논문은 한-미 FTA 체제하에서 한국의 로봇산업 수출 경쟁력을 조사하고, 로봇산업의 역량 강화를 위한 전략을 제시하고자 한다. 이러한 목적을 위하여 한국과 미국의 로봇 산업의 현재 상황과 환경 그리고 한-미 FTA의 핵심 요인들을 분석한다. 그리고 한국 로봇산업의 SWOT 분석을 통하여 우리나라 로봇산업의 특징을 분석하고, 분석결과를 바탕으로 한-미 FTA 협정 발효에 따른 로봇 산업의 경쟁력 향상 전략을 도출한다. 이러한 분석과 전략을 통하여, 한-미 FTA는 한국의 로봇 산업이 미국 시장으로의 진출하는데 다양한 이점을 가지게 하며, 한국의 수출 역량을 강화할 수 있는 기회를 제공함을 발견하였다. 결론적으로 현재의 상황을 개선하고, 경쟁력을 확보하기 위하여 로봇산업관련 정부부처 및 업체들은 한-미 FTA 효과를 중요하게 인지하고 활용하여야만 한다.

• 통상정보연구
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• 제8권1호
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• pp.337-356
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• 2006

The Korea-US dispute on telecom standards has shown the inability of existing trade rules that can be applicable to standardization policy in telecom services sector. It has entailed plenty of dissenting but unsolved trade issues, including legal jurisdiction over technical standards on telecom services and their compatibility with WTO agreements. Question remains how US will cope with this tricky trade puzzle. This paper points out that Korea-US negotiations on telecom standards have provided US with a momentum to think seriously over the necessity of further rule-setting on telecom standards, and FTAs are the rescue train for US to ride on for that purpose. That is to say, US is taking advantage of FTA as a means to promote its national commercial goals by creating trade rules, which seek to deprive its trading partners of regulatory autonomy in telecom standardization. Based upon the research output, it is very important for Korean government in the upcoming Korea-US FTA negotiations to ensure facilitating public policy objectives in telecom standardization as possible as it can, and not to adopt the provision of international standards in the existing US' FTAs.

• 통상정보연구
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• 제9권2호
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• pp.399-422
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• 2007

Like in other trade negotiations covering comprehensive sectors, it is reported that KOREA-US FTA tried so-called 'package deal' at the last minutes, when telecom services sector was positioned at the forefront and expected to partly play a role in buffering US' market-opening pressure on other sectors. Before everything else, Korean negotiators had to enhance the value of foreign ownership deregulation in telecom services sector as a leverage in the course of KOREA-US FTA negotiations. In addition, since foreign ownership change, if any, is highly sensitive issue either politically or policy-wise, it seems very difficult to find a breakthrough. Focusing on foreign ownership regulation in telecom services sector, this paper seeks how Korea has developed its strategic reasoning for negotiations and evaluates the outcomes of KOREA-US FTA negotiations.

• 무역학회지
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• 제41권3호
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• pp.1-25
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• 2016

본 연구는 무역과 노동기준의 연계에 있어 미국과 EU의 FTA에 나타난 노동장(chapter)을 비교분석하는 것을 목적으로 한다. 비교적 단기간에 효과가 나타나는 관세철폐와 달리, 노동기준의 조율은 장기간에 걸친 제도변화 및 규제의 수렴현상을 일으킬 수 있으며, 경제뿐만 아니라, 사회적 변화까지 수반하기 마련이다. 미국은 북미자유무역협정 이후 양자 FTA를 추진함에 있어 위반 시 제소와 벌금부과까지 가능한 구속력 있는 노동조항을 포함시켜왔고, 이에 반해 EU가 체결한 FTA의 노동장은 대화 또는 협력에 기반을 둔 권고적 조항을 중심으로 형성되어 왔다. 이와 같은 차이는 양측이 갖고 있는 FTA 추진의 목적, 국내법 및 운영체계와 같은 국내적 상황이 복합적으로 작용한 결과이다. 한국은 양측과 동시에 FTA를 발효시켰고, 한국기업의 해외노무관리가 점차 중요해짐에 따라 향후 국제적인 무역-노동기준 연계 논의에 더 많은 영향을 받게 될 것이다. 한·미 FTA의 이행을 살펴보면, 한국이 ILO 협약 등 국제기준을 대부분 준수하고 있다는 점에서 양측 간에 큰 문제가 불거질 것으로 예상되지는 않으나, 한국의 노사관계법과 노사관계 관행이 미국식과 맞지 않을 경우 문제가 발생할 수 있다. 한·EU FTA는 이행과정에서 양측이 정부는 물론, NGO를 포함하는 시민사회 간의 대화를 실시할 것을 규정하고 있어서, 비록 구속력은 없으나, 지속적인 외압으로 작용할 수 있다. 이러한 점을 감안할 때 한국은 FTA를 통해 미국과 EU의 노동규제로부터 끊임없이 직간접적인 영향을 받을 것으로 예상된다.

• 한국의류산업학회지
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• 제18권2호
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• pp.139-148
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• 2016

There is an expanding global network of free trade agreements (FTA). High-quality, comprehensive free trade agreements play an important role to support global trade liberalization and are explicitly allowed under the World Trade Organization (WTO) rules. An FTA is an international treaty that removes barriers to trade and facilitates stronger trade and commercial ties that contribute to increased economic integration between participating countries. Korea benefits from the global FTA trend; however it has started and developed FTA negotiations later than other countries. Current FTA agreements exist with Chile, Singapore, EFTA, ASIAN, India, EU, Peru, USA, Turkey, Australia, and Canada; in addition, there are ongoing negotiations with China, Colombia, New Zealand, and Vietnam. FTA open up opportunities for the textile/clothing industry to expand businesses into key overseas markets. FTA improve market access across all areas of trade to help maintain and stimulate the competitiveness of textile/clothing firms. This study examines the expansion of free trade agreements in light of changes in the international trade environment and the status of the Korean textile/clothing industry. Korea's textile/clothing export/import products and concession of tariff, country of origin covered under Korea-US/China FTA are investigated to identify problems. This study provides practical and policy implications for the textile/clothing industry in regards to the Korea-US/China FTA.

• Journal of Korea Trade
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• 제23권6호
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• pp.1-13
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• 2019

Purpose - This study deals with a strategic plan for meeting the value added criteria effectively, which is one of the methods of determining origin used in preferential trade such as FTA. Automobile products, one of the major Korean export items, were selected to give a practical use against the FTA requirements. Design/methodology - This study is based on the value-added criteria of the Korea-US and Korea-EU FTAs that apply various value-added criteria. The Korea-US FTA adopts the RVC method based on the integration, deduction and net cost methods, while the MC method is employed in the Korea-EU FTA. The methodology used in this work is an extended literature review, analysis of the value-added criteria applied to automobile products under Korea-US and Korea-EU FTA with some secondary statistics. Findings - Based on in - depth analysis of the value - added criteria requirements for automobile products stipulated in the Korea - US FTA and the Korea - EU FTA, two strategic considerations are suggested. First is 'appropriate value-added strategy' and the second is 'strategy of changing production and trade structure'. The second strategy is a bit used in Korea but this is not considered best if the first strategy is ignored or forgotten. The second one is meaningful when this becomes inevitable. Research limitations/implications - This study is primarily designed to assist Korean auto mobile industry players exporting to EU and USA but this may help to auto part or material producers in FTA counter party territories being EU or USA as the preferential tariffs are applied on a inter region basis. A further research other than auto mobiles using other major FTAs might be followed later. Originality/value - There has been so far little research on strategic factors to meet the value-added origin requirements. This study, therefore, is expected to contribute facilitating the decision of FTA origin and to improve the utilization of FTA by allowing exporting companies using value added criterion to more smoothly meet origin requirements. This will also enable the tax authorities to utilize the value-added criterion to validate effectively the origin of imports where preferential tariffs are applied.