• Title/Summary/Keyword: international trade in korea economy

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Research on the Industrial Policy in China's 14th Five-Year Plan and China-Korea Cooperation: Based on Global Value Chains (중국 제14차 5개년 계획 산업 정책 및 한중 협력에 관한 연구 - 글로벌 가치사슬 측면으로 -)

  • Liu Yu
    • Korea Trade Review
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    • v.46 no.6
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    • pp.21-38
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    • 2021
  • China adopts the "Outline of the 14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and the Long-Range Objectives Through the Year 2035" in the context of tremendous changes in the international environment. A new development paradigm is proposed to prioritize domestic circulation, reinforcing both domestic and international circulations. The industrial policies of China's "14th Five-Year Plan" will have an impact on Korea. Thus it is necessary for Korea to cooperate with China to actively respond to changes in the industrial chains and value chains in Asia and the world. Over the past 29 years since the establishment of diplomatic relation between China and South Korea, the two countries have enjoyed close economic and trade relations. China-ROK cooperation is critical to regional economic development in the Fourth Industrial Revolution and the era of remarkable changes in the world's political and economic structure. China is a robust developing country, while Korea is a developed one in with steady foothold in the world economy. China and South Korea should work together to contribute to the rapid recovery and development of the world economy instead of becoming competitors.

The Economic Change of China and the Future Prospect of Trade (중국 경제변화와 향후 통상전망)

  • Cho, Seok-Hong;Lee, Hee-Seok
    • International Commerce and Information Review
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    • v.3 no.1
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    • pp.261-275
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    • 2001
  • As China beings to enforce the open-door and innovation policies, it comes to rise rapidly in international economic stage. For the short time of only 20 years, China makes a great economic power. Up to now, China has tolerated a large population and infinite resources, so at last succeeded in economic polices, and has a fine future prospect in world economy. With the admission to the WTO, China will have a great influence on Korea. If we are to develop the trade much more, appeared until now after the relations between Korea and China, We should develop Korean economy by investing and trading in IT industries and newly Chinese regions.

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Study on Influencing Factors of Port Logistics Development Based on Configuration Analysis QCA

  • Li, Jian;Lee, Sang-Chun;Hong, Seung-Lin
    • Journal of Korea Trade
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    • v.25 no.5
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    • pp.58-73
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    • 2021
  • Purpose - In the context of economic globalization and the continuous development of international trade, as countries around the sea peninsula, port construction is particularly important. Based on the research on the influencing factors of port logistics development based on the allocation analysis, QCA (Qualitative Comparative Analysis) provides the basis for the planning and policy of port logistics development and has important theoretical value and practical significance for improving the level of port logistics management, reducing logistics operating costs and increasing economic benefits. In the tide of global integration for the development of port logistics, promote the growth of foreign trade economy of the city. It is also of great significance to the development and progress of commerce and trade. Design/methodology - Based on the relevant data samples of various ports in South Korea, this paper uses fsQCA (fuzzy set Qualitative Comparative Analysis) to integrate and analyze the influence mechanism of port logistics development and extracts five influencing factors of port logistics development, including the port's scale and infrastructure in the hard environment, port-neighboring enterprises in the soft environment, hinterland economy and government support. Findings - The five factors are unable to separately constitute the necessary and sufficient conditions of port logistics development, only a combined model can influence lake port logistics development. The scale and infrastructure of the port itself and port-neighboring ring enterprises are the main core conditions, which work together on the port, affect the throughput capacity of the port, and promote the development of port logistics. When the port-neighboring enterprises are not complete and the scale is low, the growth of port throughput will be restrained and the development of port logistics will be affected, whether the hinterland economic benefits are general, the development of port-neighboring enterprises is insufficient, or the government supports are limited. Originality/value - Through the research on the development of port logistics in South Korea from the perspective of configuration, this paper finds the configuration influence of hard environment and soft environment on the development of port logistics, which has important theoretical and practical significance for better promoting the development of port logistics in South Korea.

Network, Centrality, and Topic Analysis on Korea's Trade and Economy with Latin America and the Caribbean Area (한국의 중남미 지역연구 네트워크와 중심성 및 무역과 경제에 대한 토픽 변동분석)

  • Chae-Deug Yi
    • Korea Trade Review
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    • v.47 no.6
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    • pp.189-209
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    • 2022
  • This study aims to analyze Latin America and the Caribbean papers published in Korea during the past 2000-2020 years. Through this study, it is possible to understand the main subject and direction of research in Korea's Latin America and the Caribbean area. As the research mythologies, this study uses the text mining and Social Network Analysis such as frequency analysis, several centrality analyses, and topic analysis. After analyzing the empirical results, there has been a tendency to change the key words and centrality coefficients between 2000-2010 and 2011-2020 years. During 2011-2020 years, the most frequent keywords were changed from Neoliberalism and culture to policy education, and economy related words. The degree and closeness centrality analyses appeared the higher frequency key words. However, the eigenvector centrality appeared very different from the order of frequency key words. The topic analysis shows that the culture, language, and Neoliberalism were the most important keywords during 2000-2010 years but economy, labor trade, industry, development became the most important keywords during 2011-2020 years in topics.

韓-歐FTA中与ILO相關條款紛爭及對中國的啓示

  • Go, Cheon-Cheon;Mun, Cheol-Ju
    • 중국학논총
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    • no.72
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    • pp.101-122
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    • 2021
  • Over the past 20 years, labor standards have been widely used in free trade agreements. The U.S., the European Union and China have all aggressively signed free trade agreements with their trading partners, developing different styles on labor standards. According to the study, the implementation of the KOREa-EU FREE trade agreement has been hampered by ongoing disputes over the terms of the FREE trade agreement and the ILO since the korea-EU free trade agreement was signed. Because in order to break this deadlock, relevant scholars have done a lot of research, but mainly focused on the economic and trade field. Therefore, this paper for the first time systematically studies the substantive focus of disputes over FTA and ILO clauses, and carefully analyzes the domestic law amended by South Korea, and provides suggestions and inspirations for China by drawing lessons from the revision model of South Korea's domestic law. This is from a newperspective: the essence of the korea-EU FTA and ILO disputes is the conflict between international law and domestic law, and the conflict between free trade agreements and human rights protection. It holds that the essence of disputes should be sorted out from the perspective of legal principles and human rights protection, and the free trade and human rights protection should be actively coordinated. In order to make China more actively integrate into the international economy, China should adopt a positive attitude to revise and perfect its own laws, so as to realize the purpose of common development of international trade and human rights protection.

An Empirical Study of the Relations among Wage Differentials, Trade, and Productivity in Korea (임금격차, 무역 및 생산성간의 관계에 대한 실증분석)

  • Heo, Shik;Lee, Sung-Won
    • International Commerce and Information Review
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    • v.8 no.2
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    • pp.299-312
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    • 2006
  • This study examines the relations among wage differentials, trade, and productivity in Korea, using the methodology of Granger causality and vector error correction modelling. Cointegration test results over the 1975-2004 period indicate that all the test variables are cointegrated. Therefore, wage differentials, trade, and productivity are all related in the long run. We found some evidence on long-run relationship, while there is no short-run relationship between three test variables. First, trade and wage differentials have positively and bi-directionally Granger causality in the long-run. Second, productivity Granger causes negatively wage differentials in the long-run. Finally, productivity Granger causes positively trade in the long-run. These results explain partially the current theoretical predictions for wage inequality as well as supports the productivity-led growth hypothesis in the Korean economy.

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A Strategies for the Promotion of the Local Small and Medium Size International Trading Firms -In Case of Gangwondo Province- (중소지역 무역업체의 수출 애로요인과 수출활성화 전략 -강원도지역을 중심으로-)

  • Park, Hyeong-Rae;Park, Yeong-Gi
    • Journal of Korea Port Economic Association
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    • v.21 no.4
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    • pp.33-53
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    • 2005
  • Kangwon Province has grown regional economy under the circumstances of poor resources compared with others and Kangwon Province is in a position to stress trade to continue economic development in future. Therefore this paper proposes that we must analyze the real situation and the patential factors of foreign trade in Kangwon Province. And also this paper is to propose a strategy for the promotion of foreign trade in Kangwon Province

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Impact of Foreign Direct Investment and International Trade on Economic Growth: Empirical Study in Vietnam

  • NGUYEN, Hieu Huu
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.3
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    • pp.323-331
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    • 2020
  • The study aims to assess the impact of foreign direct investment (FDI) and international trade (export and import) on Vietnam's economic growth for the 2000-2018 period. Secondary data is taken from the General Statistics Office of Vietnam. Ordinary least-square method is used in analyzing the impact of FDI, export and import on economic growth of Vietnam. Empirical test results show that FDI and international trade are related to Vietnam's economic growth. However, each economic variable has a different impact. FDI has a positive and statistically significant influence on economic growth of Vietnam. Export also has positive and statistically significant impact to the economic growth, while import has a negative but not statistically significant effect. The result is useful for the policy makers of Vietnam on foreign economic relations. In order to improve the effect of FDI and international trade on growth of the economy, the government of Vietnam should: (1) continue applying preferential policies to attract FDI; (2) select foreign investors aiming to quality, efficiency, high technology and environmental protection; (3) continue pursuing export-oriented policy; (4) enhance the added value of exported goods and control the type of imported goods; (5) further liberalize trade through signing and implementation of international trade commitments.

A Study of Korea-Singapore Free Trade Agreement: Focused on Electronic Commerce (${\cdot}$싱가포르 자유무역협정에 관한 연구: 전자상거래를 중심으로)

  • Kang Shin-Won;Lie Han-Young
    • Journal of Korea Technology Innovation Society
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    • v.8 no.spc1
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    • pp.391-409
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    • 2005
  • Free trade agreements have fast grown into a global phenomenon and their impact and repercussions are felt more strongly everyday. Korea, joining this large trend of the global economy, is currently pressing ahead with its negotiation rounds for FTA. In this paper, we focus on the e-commerce sector affected by the Korea-Singapore FTA, and the main issues and the future countermeasure directions of e-commerce on FTA has been analyzed. In conclusion, FTA is not an option even though there are still many remaining issues to be discussed regarding its effects. We identified countries excluding themselves from FTA are losing international competitiveness, and moreover, the losing competitiveness will end up more serious problems since the importance of FTA is especially high for e-commerce, as e-commerce accounts for a growing share of international trade. This paper also discusses the far-reaching potential consequences of the content of an international agreement at a government-to-government level on the economy and industry of a country by presenting past examples from. Korea, and recommends that policy-makers should exercise extreme vigilance in their negotiation of terms and conditions for FTA.

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A study on several points of commercial disputes in international license Agreement (국제라이선스계약이 가지는 상사분쟁의 주요 쟁점에 관한 고찰)

  • Jeong, Heejin
    • International Commerce and Information Review
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    • v.19 no.1
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    • pp.191-210
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    • 2017
  • The old sources of competitive edge and value added were land, labor, and capital. In today's knowledge-based economy in the 21st century, technology is attracting attention as a new engine of growth. That paradigm shift of world economy has resulted in the global spread of technology transfer and the gradual increase of trade of intangible goods including patents and know-how as well as tangible goods in international trade. An international license agreement is a representative form of technology transfer. In license agreements, the providers of technology keep their ownership of technology, allow the implementation of technology to the users of technology only for a certain period of time, and receive loyalty as a reward. Economic profit through such technology trade can be realized with the smooth implementation and termination of agreement. International license agreements are different from sales contracts, which represent international business transaction based on mutual obligation, in many aspects in that they target intangible goods of technology and aim for rent for a certain period of time. This study thus set out to examine issues that could be controversial in the main and individual obligation of the parties in international license agreements and provide implications helpful for the prevention of disputes in advance.

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