• Title/Summary/Keyword: Trade Balance

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A Study on the Problems of Korea Merchandise Trade Statistics (무역통계 및 실적 차이에 관한 제(諸)문제)

  • PARK, Kwang-So;PARK, Youn-Woo
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.67
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    • pp.209-231
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    • 2015
  • The accurate national trade statistics can show the real nation's trade situation, and contribute to setting up the national's trade plans and corporate's strategies. This study researches the differences between trade statistics and actual trade record among the national and international statistics and suggests improvement plans to solve the problems. There are 4 types' differences among the trade statistics as follows; First, a statistical differences between Korea Customs Service and Bank of Korea by yearly US$9.6billions because of standard and boundary of trade statistics. Second, a statistical differences between Ministry of Trade, Industry and Energy and Korea Customs Service because of the time and purpose of trade statistics release. Third, a statistical differences between Korea and counterpart countries because of standard of trade statistics, intermediate countries and rules of origin. Lastly, a statistical differences between nation's statistics and corporate record because of typing errors and indirect export record. The fundamental improvement plans are Korea statistics rules like Korea Foreign Trade Rules and Korea Custom Rules, need to coincide with the international rules like IMTS, MSITS, BPM6 etc. Especially the rules of statistics related to intermediary trade, processing trade and transit trade have to revise with new BPM6 rules. In addition, a reasonable care of trade statistics from accumulation to utilization of trade information is more important than statistical regulation or system, so all persons concerned including exporters, importers, government official pay attention the statistics and cooperate together.

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Visualization, Economic Complexity Index, and Forecasting of South Korea International Trade Profile: A Time Series Approach

  • Dar, Qaiser Farooq;Dar, Gulbadin Farooq;Ma, Jin-Hee;Ahn, Young-Hyo
    • Journal of Korea Trade
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    • v.24 no.1
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    • pp.131-145
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    • 2020
  • Purpose - The recent growth of South Korean products in the international market is the benchmark for both developed as well as developing countries. According to the development index, the role of international trade is indeed crucial for the development of the national economy. However, the visualization of the international trade profile of the country is the prerequisite of governmental policy decision-makers and guidance for forecasting of foreign trade. Design/methodology - We have utilized data visualization techniques in order to visualize the import & export product space and trade partners of South Korea. Economic Complexity Index (ECI) and Revealed Comparative Advantage (RCA) were used to identify the Korean international trade diversification, whereas the time series approach is used to forecast the economy and foreign trade variables. Findings - Our results show that Chine, U.S, Vietnam, Hong Kong, and Japan are the leading trade partners of Korea. Overall, the ECI of South Korea is growing significantly as compared to China, Hong Kong, and other developed countries of the world. The expected values of total import and export volume of South Korea are approximately US$535.21 and US$ 781.23B, with the balance of trade US$ 254.02B in 2025. It was also observed from our analysis that imports & exports are equally substantial to the GDP of Korea and have a significant correlation with GDP, GDP per capita, and ECI. Originality/value - To maintain the growth rate of international trade and efficient competitor for the trade partners, we have visualized the South Korea trade profile, which provides the information of significant export and import products as well as main trade partners and forecasting.

A Study on the Forecasting Export-Import Demands for Textile Products (섬유제품 수출입 수요의 예측에 관한 연구)

  • 양리나;김문숙
    • The Research Journal of the Costume Culture
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    • v.8 no.2
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    • pp.149-165
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    • 2000
  • This study concerns the export-import demands for Korean textile, textile products and clothing products. The result from the practice of study is as follows ; it predicts the constant increase as a result of prediction in the nation's total amount of export-import including the export-import amount of textile, textile-product, and clothing product. It is estimated that nation's textile trade balance will be about U $ 13 billion of trade surplus in every year from 2000 to 2003. Other hand, the trade balance of textile product is predicted about U $ 1.39 billion surplus, so is clothing product about U $ 3.29 billion surplus. Textile ratio is presumed to gradually decrease in aspect of export. Also, the portion of textile export in our national total export is predicted to reduce to 11.61% in the 2003. On the other hand, Textile import ratio will be constantly increased and the portion of textile import in our national total import is predicted to reach to 3.92% in 2003. Textile-product ratio is also estimated to increase in the area of export & 33.12% in 2003. Clothing product ratio is also estimated to increase annually. What with increasing ratio of clothing-product export in textile-product export reaching to total 0.87% within for 4 years(62.96% in 2003, 63.83% in 2003) and what with increasing ratio of clothing-product import in textile-product import reaching to total 6.42%(83.89% in 2000, 90.31% in 2003), it can be said that increase of its import will be much higher than that of export.

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A Study on the Effects of Tariff Reduction Induced by Internet EC (인터넷 전자상거래에 의한 관세인하 효과 연구)

  • 한억수;이상규;구희조
    • Proceedings of the Korea Society for Industrial Systems Conference
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    • 1999.12a
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    • pp.623-637
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    • 1999
  • This study firstly aims to review the discussions among major nations and international organizations on removal of tariff wall in EC. Secondly, it is analyzed how the trend of tariff reduction of removal will affect an individual economy in a partial balance analysis model on an assumed small-size economy. In closing, political implication for removal of tariffs in EC will be presented. The study concluded that tariff removal on Internet EC has both positive and negative effects on the importing economy. It can improve the efficiency in utilization of economic resources by the importing economy in the long term while cut the financial revenue and aggravate the trade balance of importing country. It is inferred from such a conclusion that tariff removal can lead to trade imbalance between the Information haves and the have-nots.

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Analysis and Trends of Korea's Trade Balance D'eficit (한국 무역수지 적자 원인분석 및 동향)

  • Sung Jin Kim;Jun Won Choi
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2023.01a
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    • pp.155-158
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    • 2023
  • 한국 무역수지는 지난해 12월, 올해 1월과 4월부터 현재까지 8개월간 연속 적자를 기록했다. 2000년 이후 무역수지가 2개월 이상 지속된 적은 2008년 세계경기 위기 이후 처음이다. 수출 부분도 23개월 연속 증가세를 이어오다가 반도체 등 주력 품목 수출액이 급감하면서 2년 만에 감소로 돌아섰다. 무역수지에 악영향을 끼치는 요인으로는 러시아·우크라이나 전쟁 장기화, 주요국 통화 긴축 등에 따른 글로벌 경기둔화 영향으로 각국의 수입 수요가 둔화되고 있는 상황이다. 특히, 우리 최대 수출국인 중국의 수입시장 위축과 최대 수출 품목인 반도체 가격 하락이 우리 수출에 부담으로 작용했다. 위와 같은 상황을 고려하면 당분간 수출 감소·무역적자 흐름에서 벗어나기 어려울 전망이다. 본 논문에서는 무역수지가 어떠한 요인들에 의해서 결정되고 이러한 요인들의 영향에 의하여 무역수지가 어떻게 변동하는지를 실증적으로 분석하고 시사점을 도출하고자 한다.

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International Linkage of CO2 Emissions from Fossil Fuels as Embodied in Foreign Trade and Effects of Economic Policy Measure (국제무역에 함유된 지구온난화 가스 배출의 국제연관구조와 경제적 유인정책의 효과)

  • Chung, Hyun-Sik
    • Environmental and Resource Economics Review
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    • v.13 no.4
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    • pp.621-655
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    • 2004
  • Emission Trading (ET) among Annex I countries as expounded in Kyoto mechanism can be an effective mean to control Greenhouse Gases(GHGs), particularly $CO_2$ emissions from fossil fuels. For the international ET to be an effective tool to reduce the global emissions, however, it presupposes that there are no carbon leakage, i.e. Annex I emitters will purchase emission permits if emitting above caps, rather than importing emission-intensive goods from non-Annex I countries thus inducing the foreigners to emit instead. The extent to which a country leaks carbon through trade can be revealed by its bilateral balance of current accounts and related Balance of Emissions Embodied in Trade (BEET) supplemented by Emission Terms of Trade (ETT). Earlier studies on BEET and ETT relied on few selected countries in a partial equilibrium context, Korea being treated as insignificant though she is not a minor emitter. This paper is an attempt to examine BEET in the global CGE framework and to compare its structural difference across countries, with a special emphasis on South Korea.

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A Study on the Improvement of Technology Balance of Payments to Enhance Global Technology Competitiveness in Korea: Based on the Surveys regarding Perception and Current State of Industry (우리나라의 글로벌 기술경쟁력 제고를 위한 기술무역수지 개선방안 연구: 산업계 인식 및 실태조사를 중심으로)

  • Lee, Jongmin;Noh, Meansun
    • Journal of Technology Innovation
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    • v.23 no.4
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    • pp.1-31
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    • 2015
  • Korea has continuously increased investment on R&D to improve global technology competitiveness through technology innovation. Korea's R&D expenditure as a percent of GDP is world's No. 1 as 4.15 and it accomplished 1 trillion won trade volume for 4 consecutive years. However, despite these efforts, technology balance of payment, which is an important factor that can measure nation's technology competitiveness is in a state of chronic deficit and the lowest level among OECD countries. In this paper, we studied methods to improve Korea's technology balance of payment We figured out concept and current state of technology trade and examined the importance of technology trade through making a comparison between commodity trade and technology trade. There have been studies regarding technology trade, but there was no study which tried to figure out cognition on technology trade from the point of view of companies which plays an important role in technology trade. For this, this study distinguished companies with experience in technology trade and which have not and conducted a survey to figure out cognition and current state of companies. The survey result showed noticeable difference on cognition of top decision makers between companies with experience in technology trade and which have not and there are serious shortage in department and staff which is exclusively responsible for technology trade. Also, despite their needs for education regarding technology trade, the ratio of employees who received education is below 10 % of the total respondents. This study suggested improvement methods such as reforming survey methods of technology trade statistics, enhancing social cognition, supporting to vitalize technology export, building infrastructure regarding technology trade, and opening education programs for cultivating experts based on preceding research and industry survey.

A Study on the Charge Balance Characteristics of Super Junction MOSFET with Deep-Trench Technology (Deep-Trench 기술을 적용한 Super Junction MOSFET의 Charge Balance 특성에 관한 연구)

  • Choi, Jong-Mun;Huh, Yoon-Young;Cheong, Heon-Seok;Kang, Ey-Goo
    • Journal of IKEEE
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    • v.25 no.2
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    • pp.356-361
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    • 2021
  • Super Junction structure is the proposed structure to minimize the Trade-off phenomenon of power devices. Super Junction can have On-resistance(Ron) characteristics as less as five times than conventional structure. There are process methods that Multi-Epi and Deep-Trench of Super Junction structure. The reason for this is that Deep-Trench process is known to be a relatively difficult manufacturing method because it is easy to form a P-Pillar by burying impurities on top of a silicon substrate through a Deep-Trench process. However, the structure created by the Deep-Trench process has low On-resistance and high breakdown voltage, showing better efficiency. In this paper, we suggested a novel method in the process and designed structure with Charge Balance theory.

Bilataral Trade Balance between Korea and Her Trading Partners: Using Panel Approach (한국의 무역상대국간 무역수지와 환율간의 장기관계분석: 패널분석의 적용)

  • Kim, Joung-Gu
    • International Area Studies Review
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    • v.14 no.1
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    • pp.185-202
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    • 2010
  • While it is often assumed that a country's trade balance will improve in the long-run if its currency is allowed to depreciate, this is not necessarily the case for specific industry. This paper is to examine the long-run relationships between trade balance and real exchange rate using bilateral data of SITC 10 Industry Classification for Korea vis-${\grave{a}}$-vis her trading partners Indonesia, India, China, Japan on a quarterly basis over the period of 1999Q1 to 2008Q4. I applied the recent panel cointegration technique to reduce the small sample problems and improving power performance of the relevant estimation and inference procedures. The results reveal evidence of the Marshall-Lerner Condition in Indonesia 2 industries, India 5 industries, Japanese 4 industries, Chinese 6 industries. Whole group's cointegration statistic of India, China, Japan was supported Marshall-Lerner Condition but Indonesia was rejected.

Assistive Circuit for Lowering Minimum Operating Voltage and Balancing Read/Write Margins in an SRAM Array

  • Shin, Changhwan
    • JSTS:Journal of Semiconductor Technology and Science
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    • v.14 no.2
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    • pp.184-188
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    • 2014
  • There is a trade-off between read stability and writability under a full-/half-select condition in static random access memory (SRAM). Another trade-off in the minimum operating voltage between the read and write operation also exists. A new peripheral circuit for SRAM arrays, called a variation sensor, is demonstrated here to balance the read/write margins (i.e., to optimize the read/write trade-off) as well as to lower the minimum operation voltage for both read and write operations. A test chip is fabricated using an industrial 45-nm bulk complementary metal oxide semiconductor (CMOS) process to demonstrate the operation of the variation sensor. With the variation sensor, the word-line voltage is optimized to minimize the trade-off between read stability and writability ($V_{WL,OPT}=1.055V$) as well as to lower the minimum operating voltage for the read and write operations simultaneously ($V_{MIN,READ}=0.58V$, $V_{MIN,WRITE}=0.82V$ for supply voltage $(V_{DD})=1.1V$).