Current GVC Structure and Strategies to Upgrade Koreaʹs Production Network in ASEAN and India

Young Sik Jeong (), Jeong Gon Kim (), Hyoungmin Han (), Jaewan Cheong (), Jung-Mi Lee (), Jegook Kim () and Chihyun Yun ()
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Young Sik Jeong: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Jeong Gon Kim: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Hyoungmin Han: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Jaewan Cheong: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Jung-Mi Lee: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Jegook Kim: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Chihyun Yun: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do

No 10-13, World Economy Brief from Korea Institute for International Economic Policy

Abstract: ASEAN and India are emerging as GVC hubs in the world and the countries are now regarded as the "next China." Korea has a strong economic relationship with ASEAN and India, and the regions are emerging as major production hubs for Korea. However, the recent economic environment in the region, such as the emergence of COVID-19 and the prevalence of global trade protectionism, deteriorates the potential for economic cooperation between Korea and NSP countries. To deliver practical policy suggestions, our analysis aims to understand the GVC structure of NSP countries based on a concrete database and in-depth firm-level survey.

Keywords: GVC; ASEAN; INDIA (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2020-05-19
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