Supply Chain Analysis by Manufacturing Process of Selected Industries in Korea

Bawoo Kim () and Jooyoung Yang ()
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Bawoo Kim: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Jooyoung Yang: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 21-10, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: From the 1990s to the late 2000s, the production of goods was divided among several countries on the basis of efficiency, and trade based on the global value chain developed around the world. As manufacturing process were split between links on the global value chain, trade in intermediate goods such as parts and materials increased six-fold between 1990 and 2015, and as of 2018, the share of intermediate goods in global trade accounted for more than half of the total commodities trade. Korea is an active participant in the global value chain, lowering production costs and investing in overseas markets. Growing protectionism represented by the trade conflict between the U.S. and China adds constraints to the production process fragmentation, complicating firms’ sourcing strategies for intermediate inputs. This paper examines changes in the supply chains of major Korean industries given changes in the international environment and analyzes industrial characteristics.

Keywords: global value chain; supply chain; Korea; manufacturing (search for similar items in EconPapers)
JEL-codes: F20 F52 L52 L62 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2021-06-01
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