• International Area Studies Review
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• v.13 no.2
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• pp.117-144
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• 2009

This paper analyzes how Korea's trade intensity with major ASEAN countries changed from 2000 to 2005. For this purpose, we measured the trade intensity index, the trade complementarity index, and the special country bias index between Korea and ASEAN countries by the trade intensity index model developed by Yamazawa (1970). The OECD trade matrix was used as data. We found that Korea's trade intensity with Indonesia increased from 8.91 in 2000 to 10.88 in 2005 due to a considerable increase in Korea's special country bias with Indonesia from 9.58 in 2000 to 10.75 in 2005. Therefore Korea's special country bias with Indonesia should be enhanced further by increasing capital movements and reducing discriminatory tariffs and other import restrictions between Korea and Indonesia. It was also found that trade intensity between Korea and other ASEAN countries (i.e., Malaysia, Philippines, Singapore, and Thailand) shows a similar pattern of the above trade intensity between Korea and Indonesia except the trade complementarity.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.7
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• pp.114-139
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• 1994

• International Area Studies Review
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• v.15 no.3
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• pp.215-237
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• 2011

The paper is basically designed to reveal substitutability or complementary nature of export and import among Korea, China, and Japan by employing unit root test, cointegration technique, and vector error correction model(VECM). Empirical evidences are shown that the trading among these countries has been dominated by a complementary nature in the short run which enables it to promote trading in those countries. In the long run, however, the substitutability nature effects strongly to the trading among Korea, China, and Japan. To this end, it could be tentatively concluded that market-oriented trading policies are more effective to stimulate the export and import in those countries in the short run, while a trading policy has to be selectively implemented by the substitutability nature in the long run basis. For instance, a stability policy for exchange rates and various commercial policies could be set for a short term target. Whereas, the substitutability nature should be counted in building up a new industrial structure or in implementing FTA agreement among Korea, China, and Japan.

• Journal of Digital Convergence
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• v.14 no.11
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• pp.135-142
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• 2016

Although growth potential of trade between Korea and the GCC region has existed in various fields through economic and business cooperation, few data and practical study related with trade structure and cooperation between Korea and GCC region have been found and the potential for further economic expansion has not been extensively explored. In this sense, this study is to analyze trade flows between Korea and GCC region countries(Saudi Arabia, Unites Arab Emirates, Qatar) using trade intensity index, trade complementarity index and special country bias index, identify potential for further expansion of Korea's trade into the GCC region and further propose the implication of FTA between mutual countries. Our analysis of trade flows also demonstrates that there is a high level of trade complementarity between Korea and GCC region. It means that increase of trade complementarity and special country bias come from removing not only trade barrier and increasing but also capital movement. Especially, the study reveals that there is an untapped potential for Korea to increase its exports to Saudi, based on the highest complementarities. Export expansion between Korea and Saudi through FTA will create new opportunity in near future.

• International Commerce and Information Review
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• v.14 no.1
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• pp.141-170
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• 2012

There are a couple of methods to analyze the trade effect of FTA. Some compare bilateral trade amounts, partner's share in total export, or market share in partner's total import. Others set up partial equilibrium models or general equilibrium models for more sophisticated analyses. The purpose of this paper is to analyze bilateral trade between Korea and Chile, Singapore, Switzerland and Norway using the Intensity of Trade and Special Country Bias. The Trade Intensity Analysis focuses on how much the real trade diverges from the expected one which is derived by the Gravity Model, and it enable us to define how much the bilateral trade is closely related with each other compared with the rest of the world. Also by excluding the effects of changes in Trade Complementarity, it enables us to evaluate the trade effect of FTA. The results show that regarding Korea's export, the biggest trade effects are found with Norway, and the effects are evading after a couple of years of outstanding accomplishment with Chile and Singapore. With Switzerland, however, almost no effect is found. Regarding Korea's import, Norway has recorded the biggest advance into Korean market, whereas, other countries do not show significant changes.

• International Area Studies Review
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• v.16 no.1
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• pp.243-274
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• 2012

This research analyzes the determinants of Korea's trade using the Gravity model, Chow test and panel data anaysis. According to the pooled panel OLS analysis using the gravity model and Chow-test, Korea's trade patterns before and after the 2008 financial crisis are heterogeneous. Variables of basic gravity model, GDP per capita, distance, and population, identically showed positive and significant correlation with trade volume before and after financial crisis, but also equally showed the decrease in absolute value of coefficient. On the other hands, Overseas Direct Investments(ODI) variable showed the increase in absolute value of coefficient. But TCI was no longer significant. This research is significant in that it is able to show the strategy for the long term growth in Korea's volume of international trade through econometric analysis based on data of 55 trading partner of Korea.

• Feed Journal
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• v.3 no.5 s.21
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• pp.73-78
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• 2005

FTA지각생으로 불리던 우리나라도 FTA추진 논의가 활발하다. 작년 2월 FTA국회 비준 이후 싱가폴, 일본, ASEAN, EFTA 등 여러나라와 FTA관련협상을 추진 중이며 싱가폴의 경우에는 작년 11월 ASEAN +3 정상회담을 계기로 양국정상이 사실상 협상타결을 선언하였다. 종전에는 대부분의 나라들이 자유무역협정(FTA), 지역무역협정(RTA), 특혜무역협정(PTA) 지역주의 등 명칭은 다양하지만 FTA로 대표되는 지역주의를 다자간 자유무역체제의 보완적인 통상정책수단으로 간주하는 경향이 있었다. 그러나, 최근에는 FTA추진이 WTO 체제를 보조하는 통상정책수단이라기 보다는 WTO로 대표되는 다자간교역질서와 병립하는 통상질서로 보는 추세가 점점 나타나고 있다. 대외의존도가 높은 우리나라도 FTA를 통하여 개방정책을 추진할 필요성은 있으나 FTA의 추진시 농업 등 취약산업의 구조조정이 문제가 될 수 있다. 이글에서는 FTA가 WTO로 대표되는 다자간 무역체제와 구분되는 특징과 최근 국제적인 FTA추진동향을 짚어보고 우리나라의 FTA추진 현황과 문제점 특히, 우리나라가 제일 먼저 추진한 한$\cdot$칠레FTA 관련한 문제점을 중심으로 설명하고 최근의 FTA추진이 우리나라 농업에 대한 영향에 대해서 간략하게 평가하고 FTA추진에 대한 대응방안을 이야기 하는 순서로 글을 전개하고자 한다.

• International Commerce and Information Review
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• v.19 no.4
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• pp.175-197
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• 2017

As a revision negotiation on the KORUS FTA has become a national pending issue, this study aims to analyze changes in the trade structure of Korean export industry before and after the KORUS FTA. For the analysis, this study used Market Comparative Advantage(MCA) and Intra-industry Trade(IIT) indexes. Results of the analysis are as follows: First, in analyzing the competitive and complementary relationships of export products using the MCA index, it was discovered that Korea has formed an export-oriented complementary relationship with the United States. Second, the results of analysing IIT showed that Korea has made a low-quality vertical IIT with the U.S. in some items while it has usually made a weak IIT with the U.S.. Based on the results above, this study proposes a few policy suggestions in the following areas: Improvement of competitiveness in trade-deficit service sector, achievement of the balance of profit and loss in goods and service sectors through the revision negotiation of the KORUS FTA, enhancement of competitiveness in competitive and comparative disadvantage items, reinforcement of ability to respond to consumption patterns in U.S. market, etc. in export-dominant items, and pursuit of horizontal-vertical division of labor in comparative advantage items and horizontal division of labor in comparative disadvantage items.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2009.10a
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• pp.229-230
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• 2009

1992년 '제1차 천국무역항 항만기본계획'이 수립된 이후 2001년 제2차 계획이 수립되었고 2010년 3차 계획 수립을 앞두고 있다. 또한 10년 단위의 기본계획과 함께 항만 환경 변화에 능동적으로 대응하기 위한 보완적인 계획으로서 5년 단위의 수정계획이 1999년 및 2006년에 수립되었다. 이러한 계획들은 우리나라 무역항 개발의 근거가 되기 때문에 국내의 환경 변화를 직시하고 미래를 예견하여 현실적인 내용을 담아야 한다. 그러나 그 동안 수립되었던 계획들을 물동량 예측과 항만개발 방향 설정에 있어서 현실과 큰 차이를 보여왔다. 따라서 본 논문은 제 1차 및 2차 전국무역항 항만기본계획 및 수정계획들을 검토하여 항만정책의 실효성을 평가하는 것을 주목적으로 한다.

• Journal of Navigation and Port Research
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• v.35 no.6
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• pp.533-538
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• 2011

Recently, Free Trade Area generally moves toward a complex and total zone carrying out the logistics and production function simultaneously. Nevertheless, Free Trade Area of Gwangyang Bay Area performs a traditional logistics function only without a introduction of production function. Therefore, the purpose of this research is to suggest alternatives for strengthening the function of Free Trade Area of Gwangynag port. The main findings of this research is summarized as followings. First, a complex and total Free Trade Area through enhancing a production function is to be established. Second, for an efficient management & operation of Free Trade Area, a cooperative system establishment between Free Trade Areas and a single operation system is necessary.