• Journal of Distribution Science
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• v.12 no.2
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• pp.105-112
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• 2014

Purpose - This research undertakes to understand the trade structures of both China and Japan to strengthen Sino-Japan economic cooperation and examines impediments to trade between the 2 countries to analyze causes which affect trade and to examine improvements in these areas to find out ways of trade expansion. Through this survey of a defined period of time, we can identify the structural factors of trade dependence in the relationship between China and Japan. Research design, data, methodology - The data were collected from Korea Traders Association, Korea Customs Office and UN Comtrade, from which whole table indexes are calculated by author. This research methodology uses trade related indexes to focus on analyzing comparative advantages based on time-series analysis statistics data (2000~2012), by using the analysis index of Trade Intensity Index (TII), Revealed Comparative Advantage Index (RCA) and Trade Specialization Index (TSI). Results - The export ratio for China against Japan was a little higher in 2000 at 2.867 and the export ratio for China against Japan was sustained in 2005. However, it diminished gradually and reached 1.263 in 2012. During the whole period of 2000~2012, the indexes were maintained without any significant change. However, they are still moving closer to -1. Especially, in 2012 it is the closest it has been to -1. Therefore, Japan has a comparative advantage toward export specialization. On the other hand, China has a comparative advantage toward import specialization. For the whole research period, all indexes were much smaller than 1, which means that China has comprehensively had a comparative disadvantage against Japan for the past 10 years when compared to other industries, even though it had improved in 2000. Conclusions - The summary of conclusions based on empirical analysis research are as follows: First, per the Trade Intensity Index of industries between the 2 countries, we can conclude that export ratio index is 2.867, based on the formula, in 2000, which means the export ratio of China against Japan is a little bit higher. Furthermore, the ratios of 2.259 and 1.263 are indicated in 2005 and 2012 respectively which mean the export ratio of China against Japan was maintained in 2005 but was diminishing gradually as the index is 1.263 in 2012. Second, per the Trade Specialization Index of the shipping industry between China and Japan, -0.379 is indicated in 2000, -0.368 in 2005 and -0.568 in 2012. Looking at the whole period of 2000~2012, the indexes were maintained without any significant change. However, they are still moving closer to -1. Especially, in 2012 it is the closest it has been to -1. Third, per the Revealed Comparative Advantage Index of the automobile industry between China and Japan, the RCA indexes in 2005 and 2012 are 0.246 and 0.306 respectively which are still far from 1 even though the index is improved compared to 2000's value of 0.0001. Therefore, the Chinese automobile industry is very much at a comparative disadvantage to that of the Japanese automobile industry.

• The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
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• v.14 no.1
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• pp.1-9
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• 2009

Export fluxes of particulate organic carbon were estimated for the first time by using $^{234}Th/^{238}U$ disequilibrium in the southwestern East Sea during August 2007. They were calculated by multiplying POC/$^{234}Th_p$ ratios of sinking particles (larger than 0.7 ${\mu}m$) obtained from 150-200 m water depths to $^{234}Th$ fluxes that were estimated by integrating $^{234}Th/^{238}U$ disequilibrium from surface to 100 m water depth. Export fluxes ranged from 14 to 505 mg C $m^{-2}$ $day^{-1}$, with the highest value at station A2 and the lowest value at station D4. Primary production was well correlated with export flux, indicating that it was a major factor controlling export flux. Export flux in the East Sea was generally higher than those estimated in the open ocean and similar to or somewhat higher than those in the continental marginal seas. Export flux/primary production (EF/PP) ratios varied from 0.29 to 0.62, with an average of 0.43 and were somewhat higher in the basin area than in the coastal area. EF/PP ratio in the East Sea was rather similar to those estimated in the North Sea and Chukchi Sea, but much higher than those in the Labrador Sea, Barents Sea, and Gulf of Lions. Therefore, the East Sea is one of the major areas where a large amount of organic carbon produced in the euphotic zone sinks into the deep layer below 200 m water depth.

• Journal of the Korean Society for Marine Environment & Energy
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• v.4 no.4
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• pp.42-50
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• 2001

In this paper, the reduction of CO₂ gas emission and exhaust gas emission by using the shift of coastal transport from land transport for import-export container cargo was proposed. At first, the domestic CO₂ gas emission, exhaust gas emission and the transportation of import-export container cargo are investigated. And also, we investigated the reduction of CO₂ gas emission and exhaust gas emission by the shift of coastal transport from land transport for the transportation of import-export container cargo between Kyongin area and Pusan Port. Finally, the change of NOx gas emission due to the change of the share of coastal transportation and using the 320TEU container ship are investigated. The research results show that the shift of coastal transport from land transport was effective to reduce the CO₂ gas emission and exhaust gas emission.

• Journal of the Korean Society for Marine Environment & Energy
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• v.6 no.3
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• pp.16-25
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• 2003

In this paper, the reduction of green house effect gas CO₂ emission and NOx gas emission by using the RORO ship coastal transport of import-export container cargo was investigated. At first, the domestic CO₂ gas emission and the transportation of import-export container cargo were Investigated. Next, the characteristic of a RORO ship and CO₂ emission standard and NOx emission standard were investigated. And also, the reduction of CO₂ emission and NOx emission by the shift of coastal transport from land transport for the transportation of import-export container cargo between Kyongin area and Pusan Port were calculated. Finally, the change of CO2 and NOx gas emission due to the change of the share of coastal transportation and the load efficiency of RORO ship are investigated. The research results show that the shift of RORO ship coastal transport from land transport was very effective to reduce the CO₂ emission but it was no good to reduce the NOx emission.

• Journal of the Korean Regional Science Association
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• v.32 no.4
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• pp.19-38
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• 2016

This study investigates the effects of real exchange rate (RER) on firm level mark-up and export. Using firm level data in Daegu-Gyeongbuk manufacturing industries during 2006-2013, we find that firms adjust their markup in response to the RER changes and this adjustment is heterogeneous with respect to firm and industry characteristics. In particular, an increase in markup following the RER depreciation is greater for firms with lower intermediate input import and higher industry concentration. However, productive firms in this region increase their export, instead of markup, during the RER depreciation. This implies that the productive firms in the region may not retain significant market power: They do not change the final price in local currency to increase selling volume during the RER depreciation (the export price in foreign currency decreases).

• Asia-Pacific Journal of Business
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• v.13 no.2
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• pp.183-195
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• 2022

Purpose - The study attempted to analyze how the U.S.-China trade dispute affects a highly trade-dependent South Korea. Currently, major domestic and international institutions have issued a number of conflicting predictions that the trade dispute between China and the United States will have a positive and negative impact on South Korea. Accordingly, the present study attempted to analyze using actual data. Design/methodology/approach - The analysis was conducted using actual import and export data from the United States and China and actual import and export data from the United States and China from South Korea. The analysis measured the number and amount of imports and exports by year and month, and the rate of increase and decrease. We also looked at trade dispute days, import and export outcomes and what the impact was. In addition, as a result of the US-China trade dispute, the amount of change in Korea's imports and exports was analyzed. Findings - Empirical analysis shows that South Korea's exports to the United States and China have increased. The analysis results are as follows. First, exports to the United States increased by 5.65% in 2018 and 6.45% in 2019 compared to 2017. Second, exports to China surged 12.34% in 2018 compared to 2017. This increase in South Korea's exports to the United States and its mass exports to the United States shows that South Korea has benefited from the trade dispute between the United States and China. Research implications or Originality - South Korea, which is highly trade-dependent, has been heavily affected by the U.S.-China trade dispute. Various predictions are made about this. The analysis showed that South Korea's export volume has increased. In the end, the effect of the trade transition to the 3rd country did not occur. Rather, the U.S.-China trade dispute appears to have helped South Korea.

• Journal of Information Technology and Architecture
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• v.11 no.3
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• pp.359-369
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• 2014

This paper aims to analyze the change of dominion in Russian automotive market and Korea port to export cars to the Russia. First, we provide the current market structure and growth potentials of Russian automotive industry by using literature reviews and data survey. Next, we analyze the current situation to export cars through the Korean seaports using the BCG (Boston Consulting Group)'s matrix method. The analysis shows that the Russian car market has growth potential. The result of expectation of Russian major car export's port within 3~5 years since the year 2013 shows that the Pohang Port will maintain current market share because it has higher market share and growth potential. On the contrary, the Guangyang Port, Busan Port, and Ulsan Port will lose the market share because of the low growth potential. Also, the Incheon Port will become the cash cow market because it has more than 10 percent market share and higher growth potential. To increase the car export volume of ports to Russian market, this paper proposes that we should provide a differentiated service to Russian port based on the analysis of domestic or foreign car export logistics structure and flow. For further study, EA-based framework should be applied for efficient and effective policies.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.4
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• pp.663-670
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• 2016

This paper analyzes the asymmetric pass-through effects of crude oil price changes on export prices in Korea's manufacturing sector using a nonlinear autoregressive distributed lag (NARDL) model. These pass-through effects are important for Korean companies that are highly dependent on exports. Because the effects differ by industry, eight sectors of the manufacturing industry were examined. The model is effective for separately testing the long-term and short-term differences between the export-price pass-through effects when crude oil prices increase and decrease. The estimation results show that there is positive pass-through to export prices as crude oil prices change, and there are asymmetric effects in some manufacturing sectors. Short-term asymmetries were detected in the export prices of five sectors that include general machinery and transport equipment, and significant long-term asymmetries were found for petroleum and coal products and for textile and leather products. The long-term export price of oil and coal products rose by 0.992% with a 1% increase in the oil price and fell by 0.977% with 1% decrease. Therefore, corporate strategies and government export policies should be established in accordance with these asymmetric pass-through effects.

• Journal of Korea Trade
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• v.26 no.4
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• pp.63-82
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• 2022

Purpose - Drawing on relational institutional theory, we explored how demographic similarity between board members of a firm and newly emerged political elites led to firms' increased financial resource acquisition such as leverage ratio and decreased export intensity amidst the Asian financial crisis. We also studied how a firm's leverage ratio and export intensity can further affect firm profitability and financial credit rating. Design/methodology - We revisited and explored a unique, unprecedented crisis that affected most Korean firms: the Asian financial crisis that coincided with a governmental shift from a conservative to a liberal party. We collected demographic information from 432 listed Korean firms' board members and 43 political elites of the Blue House from 1998-2000 to create a demographic similarity measurement. We collected firms' financial information, built panel data, and used ordinary least squares regression to test our theory. Findings - Our results showed that demographic similarity between a firm's directors and newly emerged politicians had a positive association with a firm's leverage ratio but a negative association with a firm's export intensity. A firm's leverage ratio had a negative relationship with firm performance measured by firm profitability and financial credit rating. A firm's export intensity showed a positive effect on firm performance. Originality/value - We highlighted that during an economic crisis that coincided with a governmental shift and change of leading political actors, firms exerted efforts to survey the environment and build new external stakeholder relationships to cope with the changing landscape. We proposed that in an emerging market like Korea where low levels of trust and favoritism are prevalent across society, one of the relational institutional strategies that firms can employ is the selection of directors with similar demographic characteristics to political elites based on factors including birthplace and school affiliations. We examined the efforts of firms to build political networks with newly empowered political elites during a financial crisis, and the consequences of establishing such networks. We highlighted that during a financial crisis, the demographic similarity between a firm's board members and newly emerged politicians can provide firms with access to financial resources but can also result in poor management and reduced effort to enhance its international competitiveness.

• Korea Trade Review
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• v.44 no.5
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• pp.29-43
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• 2019

This study aims to estimate the economic effect of Korea's transition to a developed country in WTO negotiations. If Korea develops into an advanced country, it must give up many advantages in the agricultural sector. In particular, limiting the scope of sensitive items, giving up the selection of special items, and drastic tariff reductions are expected to have greater negative effects on the agricultural sector. According to research results, Korea's GDP rose slightly from 0.2 to 0.8 percent following the DDA settlement. Especially when China is classified as an advanced country along with Korea, Korea's GDP appears to be growing even more. On the other hand, damage is expected in most areas of agriculture. The trade deficit in the agriculture sector is expected to widen as output in the agricultural sector decreases, and import growth exceeds export growth. In the non-agricultural sector, there are no significant differences in the change in WTO status. However, if China is grouped together as an advanced country, the export growth rate of the Korean manufacturing industry appears greater.