• Title/Summary/Keyword: regional trade

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A Study on the Korean Companys' Evaluation of decade-long Korean FTAs and how to improve its for FTA Utilization (한국무역업계의 FTA 평가와 활용 제고방안 연구)

  • Bae, Myong-Ryeol;Park, Chun-Il
    • International Commerce and Information Review
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    • v.16 no.5
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    • pp.249-273
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    • 2014
  • This study aims to find implications of Korean FTAs and to suggest policy recommendations to facilitate the utilization of FTAs based on the field survey of more than 1,000 trading firms According to the survey, most of the trading firms have utilized FTAs more than once and had agreed that the FTAs have contributed to expansion of their business and trade with partners. However, still a number of firms responded that they have never used FTAs. Even those who are utilizing FTAs expressed difficulties in conforming to the complex rules of origin verification processes and lack of practical information on how to use FTAs. Therefore, government policies need to be more focused on elevating FTA utilization rate and meeting the practical use of FTAs by trading firms. In addition, trading firms were found to express preference to potential FTA partners with large economies in the East Asia and were in the opinion that future FTA agreements should be approached in a way that can reflect the practical interest of the firms.

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The Impacts of Korea-China FTA on the Major Industries in Daegu-Gyeongbuk Region (한·중 FTA가 대구·경북 지역 주요 산업에 미치는 영향 분석)

  • Yeo, Taek-Dong;Jeong, Gun Woo
    • International Commerce and Information Review
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    • v.17 no.1
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    • pp.309-337
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    • 2015
  • Recently, Korea had virtually reached an FTA deal with China on November 10, 2014 after the 14 rounds of negotiation during past two and half years. The two countries agreed to the FTA's 22 chapters, including products, services, investment, e-commerce, finance, communication, and other trade issues, but rice and several sensitive agricultural and fisheries products were excluded from the deal. Korea and China will remove their import tariffs on more than 90 percent of all products and more than 85 percent of imports by value within 20 years once the FTA is implemented. This paper intends to analyze the impacts of Korea-China FTA on the major industries in Daegu-Gyeongbuk region. Considering the statistics on the bilateral trade between China and Daegu-Gyeongbuk region, import tariff rates of the two countries, trade specialization indices of the major industries, and the package of Korea-China FTA deal, this study investigated the sectoral effects of Korea-China FTA on the four main industries, textiles, electrical-electronics, machinery and auto parts, and steel and iron industries in that region.

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The Nationality Effect of Price Discrimination in the Container Shipping Market and Its Implications for Development Economics: Treating Hanjin Shipping's Collapse as a Natural Experiment

  • Ko, Byoung-Wook
    • Journal of Korea Trade
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    • v.24 no.6
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    • pp.115-134
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    • 2020
  • Purpose - International trade leads to the international division of labor, improving the efficiency of the global economic system. Transport costs are a more serious barrier to international trade than customs tariffs. An increase in competition in the transport sector may thus lead to a reduction in transport costs. However, if a carrier's nationality significantly influences transport costs, simply adding more competing carriers of different nationalities would be ineffective. Therefore, it is necessary to establish national or regional carriers to influence competition and reduce transport costs. This study investigates this "nationality effect" by treating Hanjin Shipping's collapse as a natural experiment. Design/methodology - The theoretical basis of this study is the 3rd-degree price discrimination in container shipping market. By using the monthly data of container freight rates of Korea, China and Japan, this study shows the so-called Korea Premiums, which are the empirical counterparts of nationality effect in Korea container shipping market. For this empirical investigation, the structural model with state-space form is used and the dummy models are also estimated. In addition, because China has been also affected by the Hanjin's collapse, the China premiums are considered too. Findings - Compared with Japan's case, it is shown that there had been the so-called Korea premiums since the collapse of Hanjin Shipping. These results are robust from both the state-space model and dummy models. The time pattern of Korea premiums was consistent with the market evolution, especially the pattern of substitutability in container shipping markets. In addition, this paper shows the magnitude of Korea premiums. Originality/value - The argument of this study that the nationality effect can be interpreted as an extended concept of the home market effect is original, which is expected to evoke future research efforts. Further, the discussion on the shipping industrial policy from both horizontal and vertical aspects will provide the relevant policy makers with solid information, especially for the policy coordination in a global scale.

A Study on the Promotion Plans of Global Value Chain according to the FTA's Enlargement (FTA 확대에 따른 글로벌 가치사슬의 활성화 방안에 관한 연구)

  • Pak, Myong-Sop;Han, Nak-Hyun;Kim, Eun-Chae
    • Korea Trade Review
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    • v.41 no.2
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    • pp.123-157
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    • 2016
  • As the WTO·DDA continues to stagnate, mega FTAs such as the TPP will likely play the leading role in rule-making of trade for some time to come, creating a 'spaghetti bowl' of trade rules. FTAs, notably high-standard and broad-based regional or mega-FTAs, are the appropriate means to achieve this objective, because they cover many of the policy measures that are needed for the development of global value chains(GVC). The highest quality FTAs are increasingly adding new features like regulatory harmonization that may also foster GVC growth in partner countries. Complementary relationships among markets along value chains, involving both goods and services, also complicate analysis. This is particularly relevant when thinking about policy, since the traditional tendency to think about policies and regulate markets in unconnected silos can lead to unintended and undesirable results. This paper examines the current states of FTAs to determine which are more likely to push this latest wave of globalization further and faster, and explores the plans that are most helpful for GVC growth.

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On the Regional Embeddedness of Korean Firms in Daren City, China : With Special Reference to Management Practices (중국 대련시(大連市) 한국기업의 지역적 뿌리내림 특성 -경영관행을 중심으로-)

  • Lu, Bi Shun
    • Journal of the Korean association of regional geographers
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    • v.13 no.1
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    • pp.54-67
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    • 2007
  • This paper aims to explore the characteristics of regional embeddedness of Korean firms in Daren City, China, with special reference to management practices. To achieve this goal, I attempt to analyze the type and structure of the firm, the structure of decision-making, labor practices, and the inter-organizational networks with the government, trade associations and the business supporting agencies. The major purpose of the investment in Daren by Korean firms is to penetrate and expand the local market. In line with this, the structure of decision-making by Korean firms tends to become increasingly autonomous, especially in terms of employment and marketing. However, the decision-making related to finance and accounting tends to be still highly controlled upon the headquarter in Korea. In addition, it is shown that Korean firms make a great effort to sustain the cooperative relationships with the local society and the local government.

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A Study on Key Factors Affecting Gross Regional Domestic Product (GRDP) of Korean (지역내총생산에 영향을 미치는 주요 요인에 관한 연구)

  • Ahn, Young Gyun
    • Journal of the Korean Regional Science Association
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    • v.35 no.1
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    • pp.47-57
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    • 2019
  • Daegu Metropolitan City has been continuously carrying out core functions of Yeongnam region, and especially plays a role as export base of textile and chemical products in Korea. Also Daegu Metropolitan City has contributed greatly to the expansion of Korea's import and export trade and the growth of the national economy. The purpose of this study is to analyze the influence of major factors affecting GRDP in Daegu Metropolitan City through regression analysis. For this purpose, this study uses the Vector Error Correction Model(VECM) to estimate the long-run equilibrium function that affects the GRDP in Daegu Metropolitan City. This study is meaningful in that it uses the statistics related to Daegu provided by Province of Gyeongsangbuk-do and explains the dynamic characteristics of major factors affecting the GRDP in Daegu.

Comparison of Innovation Capabilities - The Case of Chinese Regions -

  • Li, Hang;Kim, Sang-Wook
    • Journal of the Korea Society of Computer and Information
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    • v.27 no.9
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    • pp.225-234
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    • 2022
  • Innovation is not only one of the factors determining the competitiveness of national regions, but also an engine for economic development, and plays an important role in breaking out of the trap of middle-income countries. This paper constructs a regional innovation index from the perspectives of innovation input, innovation output, and innovation environment, and measures the regional innovation index of 31 provinces, municipalities, and autonomous regions in China from 2006 to 2019 by using principal component analysis and cluster analysis. The results concluded that there are large provincial and municipal differences in China's regional innovation capacities, and the provinces with higher comprehensive levels are mainly concentrated in the southeastern coastal region. Cluster analysis divides the 31 provinces, municipalities, and autonomous regions into five types, and the results find that the respectively developed coastal regions are in the high-level and the high-level regions relying on the advantages of location and national policies.

An Analysis of Spatial Differences in the Efficiency of Regional Industrial Enterprises in China

  • Qingsong Pang;Yanan Sun;Sangwook Kim
    • Journal of the Korea Society of Computer and Information
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    • v.29 no.1
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    • pp.263-271
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    • 2024
  • This paper analysis of spatial differences in the efficiency of regional industrial enterprises in China from 2011 to 2021. The efficiency analysis uses the DEA-CCR model. The input variables for efficiency analysis are total assets and annual average employees, and the output variables are revenue from principal business and total profits. Using trend surface analysis and gravity center model, to analysis the spatial differences of efficiency in different regions. From the results of the gravity center model, the coordinates of the gravity center of China's regional industrial enterprise efficiency in 2011 are 112.303°E & 34.239°N, and 2021 are 111.753°E & 33.791°N, which indicates that the gravity center of the efficiency of China's regional industrial enterprises in the 2011-2021 period generally moves to the southwest. From the results of the trend surface analysis, the efficiency of industrial enterprises in China's regional industrial enterprises appears to show spatial differences in both the eastwest and the northsouth directions.

Estimation and Comparison of Regional Innovative Human Capital in China

  • Sangwook Kim
    • Journal of the Korea Society of Computer and Information
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    • v.29 no.7
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    • pp.221-229
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    • 2024
  • As the level of economic development increases, interest in human capital is also increasing. This paper estimates and compares innovative human capital by region for 31 regions in China between 2002 and 2019. The innovative human capital in this paper consists of education-type human capital, thesis-type human capital, and patent-type human capital. In particular, unlike previous studies, this study assumes that the weight of patent-type human capital and paper-type human capital is higher than that of education-type human capital. This is because patents and thesis will have a relatively greater impact on a region's innovation capacity than simple education background. The analysis results of this paper can be summarized in three points. First, China's regional innovative human capital shows regional disparities. Second, innovative human capital by region is changing dynamically. Third, regional concentration is accelerating, especially in Beijing, Shanghai, Guangdong, and Jiangsu. Therefore, the results of this paper emphasize the importance of the role of innovative human capital in regional economic development.

Species identification and pyrethroid resistance genotyping of recently resurgent Cimex lectularius and Cimex hemipterus in Korea

  • Susie Cho;Heung Chul Kim;Hoonsik Eom;Jae Rok Lee;Chung Hyun Ko;E-hyun Shin;Won Kyu Lee;Si Hyeock Lee;Ju Hyeon Kim
    • Parasites, Hosts and Diseases
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    • v.62 no.2
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    • pp.251-256
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    • 2024
  • The global resurgence of bed bug infestations, exacerbated by increasing international travel, trade, and insecticide resistance, has significantly impacted Korea. This study identified the bed bug species and performed pyrethroid resistance genotyping of recently resurgent bed bugs in Korea. Thirty-one regional bed bug samples were collected from 5 administrative regions: Gyeonggi-do (n=14), Seoul (n=13), Busan (n=2), Jeonllanam-do (n=1), and Chungcheongbuk-do (n=1). The samples underwent morphological and molecular identification. Twenty-four regional samples (77.4%) were identified as the tropical bed bug, Cimex hemipterus, and the remaining 7 regional samples (22.6%) were identified as the common bed bug, Cimex lectularius. The C. hemipterus regional samples carried at least three mutations associated with knockdown resistance (kdr), including 2 super-kdr mutations. The 7 C. lectularius regional samples possessed at least one of the 3 kdr-related mutations associated with pyrethroid resistance. This study confirms that the prevalent bed bug species recently in Korea is C. hemipterus, replacing the previously endemic C. lectularius. Additionally, the rise in bed bug populations with pyrethroid resistance underscores the necessity of introducing alternative insecticides.