Increasing supply chain risks and Implications for Korea

Wonseok Choi (wschoi@kiep.go.kr) and Hyoungmin Han (hmhan@kiep.go.kr)
Additional contact information
Wonseok Choi: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea, https://www.kiep.go.kr/eng/
Hyoungmin Han: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea, https://www.kiep.go.kr/eng/

No 23-40, World Economy Brief from Korea Institute for International Economic Policy

Abstract: This study starts by highlighting how geopolitical factors, such as the US-China conflict and the Russia-Ukraine war, are reshaping global supply chains. The US-China conflict, marked by tariff wars and policy shifts, particularly affects key sectors like semiconductors and batteries. These conflicts reveal vulnerabilities in supply chains concentrated in specific countries and have been exacerbated by external factors like the COVID-19 pandemic. From these results, it suggests strategies for Korea in response to these global supply chain changes. These include stabilizing supply chain cooperation with the U.S. and China, strengthening connections with emerging countries, and forming multilateral or bilateral supply chain alliances.

Keywords: Global Value Chain; US-China conflict (search for similar items in EconPapers)
Pages: 8 pages
Date: 2023-11-17
New Economics Papers: this item is included in nep-cis and nep-int
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kiep.go.kr/gallery.es?mid=a10105040000 ... st_no=11043&cg_code= Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2023_040

Access Statistics for this paper

More papers in World Economy Brief from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Geun Hye Son (sgh@kiep.go.kr).