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Analysis on South Korea's Competition with China and Japan in the ASEAN Market.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Analysis on South Korea's Competition with China and Japan in the ASEAN Market./
作者:	Park, Soyeong.
面頁冊數:	1 online resource (70 pages)
附註:	Source: Masters Abstracts International, Volume: 83-01.
Contained By:	Masters Abstracts International83-01.
標題:	Manufacturing. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28087861click for full text (PQDT)
ISBN:	9798516091230

Analysis on South Korea's Competition with China and Japan in the ASEAN Market.
Park, Soyeong.

Analysis on South Korea's Competition with China and Japan in the ASEAN Market. - 1 online resource (70 pages)

Source: Masters Abstracts International, Volume: 83-01.

Thesis (M.Int.St.)--Seoul National University (Republic of Korea), 2020.

Includes bibliographical references

As of 2019, South Korea(hereinafter Korea) ranked 9th largest country in total trade and was 7th largest exporter of goods in the world. Korea has a high trade dependency ratio, which recorded 70.4% for merchandise trade in GDP ratio in 2018. Korea's economy depends largely on trade, so that expanding its exporting markets throughout the globe is one of the most important strategies for its future economic growth. However, Korea's export is too much concentrated on the Chinese market, accounting for 26.8% in 2018 among the total export to the world. Therefore, Korea may reduce risks by diversifying its trading partners.China's emergence in the world market has been an alert to many developing countries including neighboring Korea. Risks of economic instability are much tied to China's performance. Korea, as one of the countries whose economic growth largely depends on export is facing a task for diversification of risks through branching out into the other promising markets such as the ASEAN market.However, China, is aggressively expanding its overseas market and now is turning its eye to the ASEAN countries. This phenomenon is an urgent alert to Korea in a sense that Korea's export market may be threatened by China and be facing increasing ASEAN market losses in future. To ASEAN market, China is the largest exporting country now, followed by Japan, who used to be the largest exporter until the early 2000s.This paper is probing into two main questions. First, whether China's threat and Korea's losses are in fact happening in the ASEAN market due to China's rise. Secondly it will examine what led to its relative collapse of Japan.Through calculating China's threat to Korea by applying KEVIN P.GALLAGHER AND ROBERTO PORZECANSKI(2011)'s methodology, it is found out that Korea's ASEAN export market is threatened by China. By applying MAURICIO(2006)'s methodology, it is found out that Korea's losses to China is more apparent in low and medium tech products than high-tech products. It implies that Korea should be prepared for a further loss in the market by enlarging the gains of the products which Korea has advantages and reduce the losses of those being threatened industries.The result of threat calculation also showed that Japan was threatened by China even strong than Korea was. There are three main reasons for this phenomenon of Japan's collapse in the market : China's rise as a strong competitor; Japan's strategic transition; Japanese companies' localization and new business model.However, RCA of Japan compared with China and Korea shows that Japan is still having comparative advantages in low-tech manufactures excluding textile, garment and footwear, and all medium technology manufactures. China has a higher RCA in all of low technology manufactures than Japan, and Korea has a higher RCA in all of high-tech products than Japan. Thus, it implies that in general Japan is indeed losing its market in the ASEAN market except for automotive products.Another interesting result accompanied was that Japan, who is known as possessing high advantage in high-tech electronics, has been losing this market to Korea in terms of its export. They are some hypothesis possibly explaining this phenomenon. However, it is remained to be further studied in future.Therefore, Korea has to keep its competitiveness in product groups which already have comparative advantage and compete for low and mid-tech manufactures with China. Besides, the Korean companies should also keep eyes on ASEAN's domestic market and prepare for the local competition with the Japanese company especially in the automotive industry.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9798516091230Subjects--Topical Terms:

3389707
Manufacturing.
Subjects--Index Terms:

ASEANIndex Terms--Genre/Form:

542853
Electronic books.

Analysis on South Korea's Competition with China and Japan in the ASEAN Market.
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