• Journal of Arbitration Studies
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• v.21 no.1
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• pp.183-213
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• 2011

China and North America have been South Korea's biggest trading partner long time. As the volume of trade has been increasing, the disputes between Korean companies and Chinese Companies and between Korean companies and North American Companies have been increasing. If these disputes are settled by Arbitration, the parties appoint arbitrators who are empowered to proceed the arbitration procedure and have a power to render an arbitral award. Accordingly, it is very important for the parties to select who is an arbitrators in Arbitration. But if the parties doubt their arbitrator(s)'s fairness and independency, they can discharge them in accordance to law and arbitration institute's rules. In comparison with arbitrator system for way of selection and discharge among Korea, China and North America, some differences are found. First, if parties fail to appoint co-arbitrators or the presiding arbitrator by a mutual agreement, the court has the right to appoint them or him in Korea and North America whereas the Chairman of CIETAC choose him in China. Second, the authority to decide whether arbitrator is discharged owing to his fairness and independency, depends on arbitration institute and court in Korea and North American whereas it depends on the Chairman of CIETAC only.

• Journal of Korea Port Economic Association
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• v.30 no.4
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• pp.29-46
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• 2014

Nowadays the trade volume between Korea and China is rapidly increasing. With the current trend in mind, this study aims to seek strategic plans for increasing cooperation between Korean and Chinese logistics industries. The plans are especially centered around port regions, since ports are responsible for most of the trade volume between the two nations. As for the method, a case study was carried out in capital area ports in Korea and Shandong Province port regions of Bohai Economic Rim in China to address the problems and propose strategic plans to promote cooperation between the two nation's logistics industries, specifically with port regions as the center. The results showed that in increasing cooperation between Korean and Chinese logistics industries, the most important factor is for the two governments to put effort in solving the problems arising in port areas. Moreover, Korean government should strengthen its support to Korean companies in Chinese port areas as well as exert effort in multilateral ways such as system improvement and facility investment for capital area ports so as to gain competitive edge against China. This study contributes to the existing literature in that it applies suggested cooperative strategies for Korea-China logistics industry from previous studies to port regions as the focus, and it also sheds new light on institutions located in port areas through in-depth interview.

• Korea Trade Review
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• v.41 no.3
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• pp.199-215
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• 2016

International factoring is necessary for small & medium export companies because using documentary credit has been declined and credit transaction has increased. In Korea, however, only EXIM bank supports the factoring service, apart from foreign banks. Even though the amount of international factoring has increased in Korea, factoring service is at a standstill, compared to its trade volume. Perhaps there are a few reasons but the biggest reason for the indifference to the factoring service is a lack of understanding and inadequate legal system in Korea. This paper aims to compare factoring service in Korea with that of China and Japan. And it also suggests the improvement of problems to the factoring service by analysing the examples of business practice.

• Journal of the Korea Society of Computer and Information
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• v.28 no.4
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• pp.121-131
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• 2023

The Chinese three northeastern three provinces - Heilongjiang, Liaoning, and Jilin - hold significant geographical, geopolitical, and commercial importance due to their location allowing for cross-border trade and transportation with North Korea. These provinces are crucial for establishing a complex Eurasian logistics network in line with South Korea's new northern policy. The Chinese three northeastern three provinces, as this region is known, boasts excellent maritime transportation links between South Korea, China, and North Korea, making it an logistics hub for transporting goods to Eurasia and Europe through multimodal transport. This study highlights the importance of securing a logistics hub area by fostering cooperation and friendly relations with China's three northeastern three provinces, which are crucial to the success of the New Northern Policy. In particular, the study aims to analyze current status of trade with these region and freight volume transported by ships and recommend political advice for securing logistics hub and revitalizing maritime transport. As the policy suggestion, this study is to establish a logistics hub by implementing joint port operations, constructing port infrastructure jointly, and operating shipping companies together. Additionally, we propose ways to revitalize the maritime passenger transport business between Korea and China, which involves expanding cultural exchanges and developing content.

• Korean Journal of Pharmacognosy
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• v.47 no.4
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• pp.389-398
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• 2016

Korea, China and Japan have developed individually their own official compendia for crude drugs to tune with the times. Recent globalization has enlarged trade volume among these countries, and so the necessity for new quality standards has increased. This study was accomplished to offer basic data and appropriate suggestions to rebuilding standard principles for quality control of crude drugs in Korean official compendia. For this, seven standard items related to quality control in official compendia of these countries were compared. The items were identification, loss on drying, total ash, acid-insoluble ash, extract content, essential oil content and assay. The official compendia of three countries were the Korean Pharmacopoeia Eleventh Edition, the Korean Herbal Pharmacopoeia 2015, Chinese Pharmacopoeia 2015 and Japanese Pharmacopoeia Seventeenth Edition. Based on this basic research, new principles for each standard of crude drugs were suggested.

• The Journal of Fisheries Business Administration
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• v.48 no.3
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• pp.61-74
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• 2017

This study is aimed to analyze the change of chinese fishing vessels' entry into the East Sea off North Korea and suggest directions for countermeasures. Based on the real landing data in China, Chinese fishing vessels' squid catch volume and value in the East Sea off North Korea are estimated. Results show that at least 205 thousand tons of squid was caught by Chinese fishing vessels in 2014. If the catch amount is calculated by the unit price per kilogram at the same year in Korea, it would be 556.3 billion KRW. As the UN sanctions become stricter with the recent resolution 2371 passed, Chinese fishing vessels' entry may increase in the future to compensate decreased seafood supply from North Korea. Even though there are not many options left for Korea to decrease the impact of Chinese depletive fishing, the study suggests countermeasures such as strengthening cooperative crack down on the Chinese illegal fishing vessels in Korean waters; increasing cooperation with UN member countries to incorporate banning the trade of fishing rights in the next UN sanctions; establishing regional fisheries management organization and managing migratory species with China and Japan cooperatively in the long term.

• Journal of Ginseng Culture
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• v.1
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• pp.67-77
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• 2019

This study tried to evaluate the official Korea Red Ginseng(Hongsam) trade in 19th century. The Hongsam trade activities of the 19th century also show that the collected amount of Posam taxes (Hongsam taxes) alone outweigh the amount of cost spent during the same time period to launch tributary actions. It is quite obvious that the Chosun dynasty, supported by the developed techniques of ginseng cultivation and preservation methods, managed to stop the silver leaks while also stimulating the domestic commerce, handicraft business and mining operations, by exporting Hongsam to China and importing raw material and other finished products in return. The Chosun government also managed to secure considerable amount of marginal profit which at times mounted to almost 2 hundred thousand Nyangs of silver during the latter half of the 19th century thanks to this Hongsam trade activities, and accumulated the hoof-shaped pieces of silver ingot at the office of Ministry of Taxation. Even under the mostly undesirable political environment featuring unjustified deeds of the powerful houses, the commercial activities were being strongly maintained, and the transactions conducted by merchants of the Gaeseong, Euiju areas and the capital city were prospering.

• Journal of Navigation and Port Research
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• v.39 no.4
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• pp.371-376
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• 2015

Port is responsible for the important role that creates a lot of value-added export and import-intensive countries, critical infrastructure, and in the national economy. Despite being an important facility for the past, awareness of the port is insufficient; In 2000s, increasing the world container traffic volumes, China's economic development, and trade volume in the Northeast Asia to generate a lot of are changing the perception of the role and importance of the port. According to the review of the master plan and the port recognition in Korean Port, this study examines determining factors which affects the port cargo volume. The target of the study is domestic small and medium-sized container port that receives a large hinterland cargo volume, excluding the impact of the Global Hub Port like Busan and Gwangyang port. Factors that affect the multiple regression analysis result of the port cargo volume are berthing capacity, degree of activation, connection number of countries, GRDP and number of manufacturers.

• Journal of Korea Port Economic Association
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• v.37 no.4
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• pp.13-31
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• 2021

Since the signing of the Korea-Europe Free Trade Agreement, the volume of trade transactions between South Korea and Europe has increased. The traditional single-mode transport system has been transformed into an intermodal transport system using two or more modes of transport. In addition, the conventional sea and air transport routes have been restricted, leading to a decline in Korean exports to Europe, and the rail transport mode is becoming mainstream in the market due to the influence of COVID-19. This paper focuses on the China-Railway Express to explore a new intermodal transport route from Korea to Europe. First, the fuzzy analytic hierarchy process (AHP) is used to evaluate the factor weights when selecting intermodal transport routes from Korea to Europe. Then, the TOPSIS (Technique for Order of Preference by Similarity to Ideal Solution) method is used to rank three alternatives. The results show that among the four factors (total cost, total time, transportation capability, and service reliability), the total cost is the most significant factor, followed by the total time, service reliability, and transportation capability. Furthermore, the alternative route 1 (Incheon-Dalian-Manchuria-Hamburg) is preferred.

• Journal of Korea Port Economic Association
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• v.35 no.2
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• pp.77-92
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• 2019

As China's economic growth pole has shifted from the coastal area to the Midwest and the inland since the beginning of 2000, construction of China's inland ports was promoted in the coastal area. The inland port functions as offshore port, thereby streamlining import and export logistics and customs clearance and so on. The purpose of this study is to identify the competitiveness and potential of China's inland ports via functional and geographical classification, as well as SWOT-PEST analysis. According to the results of the study, inland ports can be functionally categorized as sea port-based, industrial-based, distribution-based and customs clearance-based. The majority of the sea port-based inland ports are located in the eastern part of China while industry-based and distribution-based inland ports are situated in the Midwest. On contrast, the inland ports in Northwest mainly perform the function of customs clearance to promote international trade with neighbouring countries. The inland ports in the eastern region have high competitiveness owing to a large volume of international trade in the region, whereas those in the Midwest have high potential. The 'One Belt to One Road' initiative proposed by the Xi's Government is expected to play a significant role in promoting the development of inland ports in the Midwest and border areas.