• International Commerce and Information Review
• /
• v.14 no.3
• /
• pp.97-112
• /
• 2012

This study aims to analyse determinants of payment balance of Korea, targeting 65 countries which concluded FTA with Korea in 2012 or are pursuing it with Korea( effectuation, agreement, negotiation and joint research). For an analysis model, economic and geographical variables of target countries were included in explanatory variables of the gravity model and divided values which indicate surpluses or deficits in trade with Korea were marked in dependent variables to perform a logistic analysis. If payment balance in trade between Korea and specific countries is a surplus, a value of 1 is given and if it is a deficit, a value of 0 is given. As a result of estimating the logit model, it was discovered that variables of GDP, GDP per person, total trade with trade partners, petroleum, landlocked countries and maritime powers were not statistically significant. However, variables of total trade, export dependency, import dependency, distance and mineral were statistically significant.

• KDI Journal of Economic Policy
• /
• v.33 no.1
• /
• pp.1-44
• /
• 2011

Terms of trade shocks have been considered one of the main driving forces causing business cycle fluctuations in small open economies. Despite their importance in business cycles of small open economies, it is hard to find a serious study in existing literature investigating their implications on monetary policy under a small open economy. Considering it, this paper studies what form of monetary policy rule is the most adequate for a small open economy where terms of trade shocks are dominant factors in generating its business cycle fluctuations. For this purpose, various implementable monetary policy rules frequently analyzed in existing literature are compared in terms of social welfare levels which they can provide for the economy respectively. Main results of this paper can be summarized as follows. First, for a small open economy where terms of trade shocks are main driving forces of its business cycle fluctuations, the nontradable goods price inflation targeting can provide higher level of social welfare than other traditional monetary policy rules such as the CPI inflation targeting or the fixed exchange rate regime. Second, the social welfare improvement of the non-tradable goods price inflation targeting is more apparent when export goods price shocks are more important than import goods price shocks.

• Convergence Security Journal
• /
• v.13 no.5
• /
• pp.27-35
• /
• 2013

There has been a adverse balance between Korea and U.S. in defense trade. This paper investigates the current status of the defense trade imbalance in terms of numerical values, and also analyzes the institutionalized barriers to Korea defense exporters imposed by laws and regulations. It is found that the amount of Korea defense import is several tenfold that of the export to U.S. in 2011. The barriers are analyzed to be the american laws and regulations. The buy american act is applied to the U.S government procurements and the Berry amendment is applied to the defense procurements. These two laws has been implemented by the defense federal acquisition regulation which allows U.S. Dept. of Defense to buy only american products. To overcome the barriers, Korea ought to sign a defense MOU with U.S., so that the buy american act and the Berry amendment can be waived.

• KOREAN JOURNAL OF PACKAGING SCIENCE & TECHNOLOGY
• /
• v.22 no.3
• /
• pp.103-106
• /
• 2016

This survey was performed by Kasetsart University Department of Packaging and Materials Technology on Food Packaging Industry in Thailand, was to conduct on the status and trends of food packaging industry to obtain the information on the plastic of packaging materials in food packaging in Thailand. The survey conducted by field visits, questionnaires, interviews and personal communication as well as published data from different sources. The ration of plastic consumption among the industries, packaging is showed 49%, textile 15% and construction 11% respectively. Numbers of company among packaging industry, film processing company is 503, injection molding is 231, blow molding is 216. Production volume of PP, HDPE, LLDPE and LDPE is 1,950 mil. ton, 1,920 mil. ton, 1,150 mil. ton and 685 mil. ton, respectively. Import of plastic 16,668 mil. baht and export is 33,778 mil. baht. Plastic consumption is plastic bottle and flexible pouch, mainly being used in beverage industry. The past decade as it has been replaced by flexible pouches and aseptic cartons in Thailand.

• KOREAN JOURNAL OF PACKAGING SCIENCE & TECHNOLOGY
• /
• v.26 no.1
• /
• pp.41-46
• /
• 2020

PCR PET flake's market endeavors difficult situations of its oversupply and decreasing demands in South Korea. Since China banned the import of most recycled plastics, flake producers who mostly export the flakes lost their biggest market. The producers struggled to survive in the competitions with PCR PET flake from EU and 3^rd countries but it was challenging due to substandard quality and increasing cost. Attempts to improve the quality of PCR PET flake have been made but they were only an individual company's efforts. The objective of this study was to understand the market status on PCR PET flake in South Korea and to present suggestions for improving its quality. The results of the questionnaires targeted to flake producers showed that no testing methods on PCR PET flake were standardized and there were critical factors to the quality such as moisture content, contaminants, and viscosity. Case studies of US, Japan and other countries had been done especially about testing methods and 76 samples from 21 companies were tested according to those methods. Based on the results, the final factors were decided as contaminants, moisture content, alkalinity index and intrinsic viscosity. There is a plan to standardize testing methods and they could be guidelines to improve the business competitiveness of PCR PET flake in South Korea.

• International Commerce and Information Review
• /
• v.12 no.1
• /
• pp.3-33
• /
• 2010

Paperless trade is a new trade paradigm that has innovated on traditional trade procedures, which relied on manual work in the past, and applied an IT-based e-document standard. To realize paperless trade in Korea, a lot of efforts have been made. Korea has overcome many difficulties, a lack of awareness, trials and errors, etc. at the initial introduction stage and strived to establish a stable infrastructure through the government's policy support and active cooperation with the trade business communities and related organizations. Now, Korea became a well-known leader in IT industry, especially in the paperless trade infrastructure and strategic policies. The one-stop trading system named 'uTradeHub' is operated by a paperless trade service provider, Korea Trade Network(KTNET). uTradeHub includes trade finance and settlement, customs clearance and export and import logistics, improving trading procedures and reducing related expenses. Private-Public joint efforts from Korean government and private sectors which have respectively fulfilled their role and function with market-oriented practical policies and strategies has lead Korea a world leading country in paperless trade. Moreover, Korea expended its efforts to the global areas. Korea has started to activate multi-national paperless trade alliances such as PAA(Pan-Asia e-Commerce Alliance), ASEAL(Asia Europe Alliance for Paperless Trading) as well as established the bilateral cooperative networks with China and Taiwan. The one-stop trading system, uTradeHub should keep close cooperations between nations since trade itself is implemented in a cross-border ways. In the near future, it is expected uTradeHub can achieve best results in the simplification of procedures and cost savings when an international linkage is completely established with international cooperations.

• Journal of the Mineralogical Society of Korea
• /
• v.7 no.1
• /
• pp.1-13
• /
• 1994

The industrial minerals play an important role in mining sector. More than 70 % of total mineral production come from industrial mineral sector. This paper reviews geological occurrence of kaolin, pyrophyllite and limestone, and current demand-supply status of major industrial minerals in the Republic of Korea. The kaolin is mainly distributed in the Kyeongsang province, formed by deep weathering of Precambrian anorthosite on mountainside of gentle slope. The pyrophyllite mainly occurs in the Kyeongsang and Chulla provinces, formed by hydrothermal alteration of late Cretaceous andesitic and rhyolitic rocks. Pyrophyllite comprises massive and lenticular bodies and contains minor amounts of kaolin, alunite and pyrite, in some places andalusite and illite. The limestone(Great Limestone Series of Cambrian age) is distributed widely in the Kwangwon and Chungcheong provinces. The limestone bodies are approzimately 70 km long and 3 km wide, elongated NE-ward, and show high grade of CaO content. In 1992, the self-sufficiency ratio of 44 nonfuel (metallic and non-metallic) minerals was no more than 30 percent. However, the ratio of 27 industrial minerals (non-metallic) represents high value of about 72 percent. The export/productjon ratio of the industrial minerals shows decreasing patterns from 12.2 % in 1983 to 4.2 % in 1992. Also the import/production ratio shows rapidly decreasing pattern from 84 % in 1983 to 38.2 % in 1992.

• The Journal of Fisheries Business Administration
• /
• v.39 no.1
• /
• pp.133-162
• /
• 2008

In 1970, direct overseas investment in Korean fisheries started to sell the frozen marine products to Singapore with establishing local subsidiary. Direct overseas investment in China has carried out since Korea and China established diplomat relationship in 1992. the former day, The Korea invested indirectly in China via Hong Kong. It has reported that 253 local subsidiaries applied to China government permit at the end of 2004. The results will make a decision on whether to invest continuously. The results of actual proof analysis has announced that a successful investment of fishery company is mainly influenced in its own government policy. Many advantages of tax and administration for foreign company in China have been changed and vanished comparing to the beginning time of entering china. So. it is imperative for Korean government to take measures to changing policy of Chinese government. The early days, investment of fishery company is type of resources and abundant resources will affect succeeding investment. Nowadays, the type of the investment is the production oriented investment. And then many direct investment linked the production oriented investment have been conducted in many area in China. So. the production oriented investment will affect logistics and successful investment in China. And, The factor of Market potential in Market Factors in the middle of changing market oriented investment will conclude whether to invest. As the china exchange system changed from the fixed exchange system to the fluctuating exchange system. Risk of exchange rate will affect corporate's parent business. The local risk (regulation of import and export, remittance) will affect succeeding investment of corporate's parent.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.7 no.3
• /
• pp.494-505
• /
• 2006

In this paper, we investigate the national effects of the ubiquitous industry(UI) for a u-Korea(ubiquitous Korea) project. As the UI has now been playing the more and more important role in Korean economy, it will be very appropriate to provide the policy makers with the accurate and reliable implications regarding the role of UI in the national economy. This paper applies the interindustry analysis to examine the impact of UI under the unique situation of Korea. To do this, we use the Input-Output Table published by the Bank of Korea in 2000. Our results shows that the economic effects of UI on the production-inducing, value added-inducing, export & import-inducing and employment-inducing in Korea will approximately be 240 trillion won from 2005 through 2010.

• The Journal of Industrial Distribution & Business
• /
• v.11 no.10
• /
• pp.75-89
• /
• 2020

Purpose: The container terminal is an area that plays an important role in the country's import and export. As the volume of containers increased worldwide, competition between terminals became fiercer, and increasing the productivity of terminals became more important. Re-handling is a serious obstacle that lowers the productivity of terminal. There are two ways to reduce re-handling in the terminal yard. The first method is to load containers in terminal yards using effective carry-in algorithms that reduce re-handling. The second method is to carry out effective remarshalling. In this paper, the performance of various carry-in algorithms and various remarshalling algorithms are reviewed. Next, we try to find the most effective combination of carry-in algorithm and remarshalling algorithm. Research design, data and methodology: In this paper, we analyze the performance of the four carry-in algorithms, AP, MDF, LVF, RP and the four remarshalling algorithms, ASI, ASI+, ASO, ASO+. And after making all the combinations of carry-in algorithms and remarshalling algorithms, we compare their performance to find the best combination. To that end, many experiments are conducted with eight types of 100 bays through simulation. Results: The results of experiments showed that AP was effective among the carry-in algorithms and ASO+ was effective among remarshalling algorithms. In the case of the LVF algorithm, the effect of carrying in was bad, but it was found to be effective in finding remarshalling solution. And we could see that ASI+ and ASO+, algorithms that carry out remarshalling even if they fail to find remarshalling solution, are also more effective than ASI and ASO. And among the combinations of carry-in algorithms and remarshalling algorithms, we could see that the combination of AP algorithm and ASO+ algorithm was the most effective combination. Conclusion: We compared the performance of the carry-in algorithms and the remarshalling algorithms and the performance of their combination. Since the performance of the container yard has a significant effect on the performance of the entire container terminal, it is believed that the results of this experiment will be effective in improving the performance of the container terminal when carrying-in or when remarshalling.