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Revitalization of Korea's Exports of Consumption Goods to Southeast Asia

dc.contributor.authorGyupan Kim
dc.contributor.authorSooyoung Lee
dc.contributor.authorHyongkun Lee
dc.contributor.authorBoram Lee
dc.contributor.authorJungeun Lee
dc.contributor.authorBoyoung Choi
dc.date.accessioned2019-05-19T11:36:13Z
dc.date.available2019-05-19T11:36:13Z
dc.date.issued2019-04-12
dc.identifier.issn2233-9140
dc.identifier.urihttp://hdl.handle.net/11540/10137
dc.description.abstractChina’s gradual introduction of “open-door” policy in the late 1970s had the effect of expanding the country’s influence in the global market. This is especially true in the Northeast Asian region, where China is the major destination for intermediate goods from Korea and Japan, and all three countries benefit from the supply chain. However, Korea’s excessive dependence on China for exports was found to be problematic with the rise of the THAAD issue and China’s consequent economic retaliations, driving home the need for Korea to diversify its export destinations. Moreover, China’s technology level is developing at a rapid speed, replacing imported intermediate goods with domestic ones, further warranting a change in Korea’s export strategy. Southeast Asia is one of the emerging alternative markets in the world economy. The region has been growing at a faster rate than the world average, even with the rest of the world experiencing a slow pace of growth. In addition, Southeast Asian countries such as Indonesia, Vietnam, and Thailand are a promising marketplace for Korea due to the popularity of the Korean Wave in the region. While there is a plethora of studies concerning intermediate goods trade in Korea, China, and Japan, there is a considerable lack of research on consumption goods trade, despite it also being a very important tool in achieving trade diversification. As such, this study seeks to derive policy implications for Korea’s exports of consumption goods to the Southeast Asian market, by comparing and analyzing the current status and competitiveness of Korea against China and Japan—its main competitors—in the three Southeast Asian countries of Indonesia, Thailand, and Vietnam. In doing so, we attempt to provide suggestions for the diversification and enhancement of Korea’s exports.
dc.languageEnglish
dc.publisherKorea Institute for International Economic Policy
dc.titleRevitalization of Korea's Exports of Consumption Goods to Southeast Asia
dc.typeBriefs
dc.subject.expertFree Trade
dc.subject.expertTrade Facilitation
dc.subject.expertTrade
dc.subject.expertEconomic integration
dc.subject.expertRegional Economic Integration
dc.subject.expertIntraregional Trade
dc.subject.expertMacroeconomic
dc.subject.expertMacroeconomic Analysis
dc.subject.expertMacroeconomic Framework
dc.subject.expertMacroeconomic Models
dc.subject.expertMacroeconomic Performance
dc.subject.expertMacroeconomic Planning
dc.subject.expertMacroeconomic Policies
dc.subject.expertMacroeconomic Reform
dc.subject.expertMacroeconomic Stabilization
dc.subject.adbEconomic planning
dc.subject.adbEconomic structure
dc.subject.adbGrowth policy
dc.subject.adbTrade relations
dc.subject.adbTrade policy
dc.subject.adbTrade policy
dc.subject.adbEconomic development
dc.subject.adbEconomies in transition
dc.subject.adbInternational economy
dc.subject.adbBorder integration
dc.subject.adbEconomic integration
dc.subject.adbGross domestic product
dc.subject.adbTrade policy
dc.subject.adbTrade Regulations
dc.subject.adbExchange Rate
dc.subject.adbEconomic zones
dc.subject.naturalRegional economics
dc.subject.naturalEconomic forecasting
dc.subject.naturalEconomic development projects
dc.subject.naturalSuccess in business
dc.subject.naturalBusiness
dc.subject.naturalFree trade
dc.subject.naturalBusiness
dc.subject.naturalEconomics
dc.subject.naturalCommunication in economic development
dc.subject.naturalRestraint of trade
dc.subject.naturalInternational economic integration
dc.subject.naturalTrade blocs
dc.subject.naturalEast-West
dc.subject.naturalExchange rates
dc.subject.naturalEconomic Zones
dc.title.seriesKIEP World Economy Brief
dc.title.volumeVol. 9 No. 8
dc.contributor.imprintKorea Institute for International Economic Policy
oar.themeTrade
oar.themeEconomics
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-009654
oar.authorKim, Gyupan
oar.authorLee, Sooyoung
oar.authorLee, Hyongkun
oar.authorLee, Boram
oar.authorLee, Jungeun
oar.authorChoi, Boyoung
oar.importTRUE
oar.googlescholar.linkpresenttrue


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