Global trade of South Korea in competitive products and their impact on regional dependence.

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  • Author(s): Kang D;Kang D; Heo PS; Heo PS; Lee DH; Lee DH
  • Source:
    PloS one [PLoS One] 2022 May 04; Vol. 17 (5), pp. e0267695. Date of Electronic Publication: 2022 May 04 (Print Publication: 2022).
  • Publication Type:
    Journal Article; Research Support, Non-U.S. Gov't
  • Language:
    English
  • Additional Information
    • Source:
      Publisher: Public Library of Science Country of Publication: United States NLM ID: 101285081 Publication Model: eCollection Cited Medium: Internet ISSN: 1932-6203 (Electronic) Linking ISSN: 19326203 NLM ISO Abbreviation: PLoS One Subsets: MEDLINE
    • Publication Information:
      Original Publication: San Francisco, CA : Public Library of Science
    • Subject Terms:
      Economic Development* ; Industry*; Asia ; Policy ; Republic of Korea
    • Abstract:
      The economic growth of a nation under the competition among countries can result from the interaction of the diversity and complexity of product export and import relations on the globe. This research aims to evaluate the competitiveness of South Korea's trading products and its partner countries' dependency by implementing a product and partner-based analysis. This research raises questions about the transactional positions of products and trading partners based on the diversification of import-export relations of South Korea. This study utilizes the matrix of products and trading partners from the Korean product export and import data from 1995 to 2015. The research analyzes Korea's product competitiveness and dependency of trading countries on Korea using the Revealed Comparative Advantage (RCA) and a nonlinear iterative method (NIM). The study finds that the products of several manufacturing industries showed a large production scale. From the global perspective, the trade dependency on Korea was high in Asia and in Africa and South America where the portion of underdeveloped or developing countries is relatively large. This research suggests that Korea may face difficulties of continuing growth if it maintains or intensifies its trade relation pattern under the environment of rapidly changing technology and economy. Therefore, diversification and mutual complementarity could be important for the export of promising products and industrial development policy.
      Competing Interests: The authors have declared that no competing interests exist.
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    • Publication Date:
      Date Created: 20220504 Date Completed: 20220506 Latest Revision: 20220629
    • Publication Date:
      20240104
    • Accession Number:
      PMC9067691
    • Accession Number:
      10.1371/journal.pone.0267695
    • Accession Number:
      35507558