Selected Issues Papers

Korea in a Changing Global Trade Landscape: Korea

By Hua Chai, Hyeryoun Kim

March 5, 2025

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Format: Chicago

Hua Chai, and Hyeryoun Kim. "Korea in a Changing Global Trade Landscape: Korea", Selected Issues Papers 2025, 014 (2025), accessed April 15, 2025, https://doi.org/10.5089/9798229003384.018

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Summary

The global trade landscape is being reshaped by geoeconomic fragmentation and the rise of industrial policies. This paper studies the impact of these trends on the export-oriented Korean economy. It documents both positive and negative effects of U.S.-China trade tensions, technology and supply chain restrictions, and industrial policies of major economies on Korea's trade and FDI, particularly that of its strategic sectors. To navigate the changing global trade landscape, Korea needs to focus on promoting innovation to maintain competitiveness, diversifying export destinations and supply chains, and expanding exports of services.

Subject: Competition, Economic sectors, Exports, Financial markets, International trade, Manufacturing, Tariffs, Taxes, Trade tensions

Keywords: Competition, Export destination, Exports, Geoeconomic fragmentation, Global, Industrial policy, Innovation, Korea export share, Korea's export, Manufacturing, North America, Tariffs, Trade policy, Trade tensions, U.S.-China trade relation, U.S.-China trade tension

Publication Details

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