Analysis of Vulnerabilities and Impact Pathways in Korea's Industrial Supply Chain

Bawoo Kim (), Yunsoo Kim () and Kye Hwan Kim ()
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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
Yunsoo 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
Kye Hwan 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

No 21/19, i-KIET Issues and Analysis from Korea Institute for Industrial Economics and Trade

Abstract: China's recent export regulations have exposed weaknesses in Korea's industrial supply chain. China's restrictions on the export of raw materials, such as urea and chemical fertilizers, have shed light on problems in Korea's supply chain. Key countries have been attempting to diagnose weaknesses in their supply chains using various approaches. A high dependency on exports and trade imbalances are broadly recognized as indicators of supply chain weakness. The current study builds on that same foundation to define vulnerabilities among imports from China. In this study, urea and other goods with vulnerability issues were categorized as "products of interest" or "vulnerable products." This report diagnoses weaknesses in Korea's supply chain with regards to China, identifying products of interest and vulnerability using trade statistics.

Keywords: Korea; China; trade; supply chains; economic security; national security; trade conflict; international political economy; strategic diversification; strategic cooperation; trade policy; international trade; export dependency; industrial policy (search for similar items in EconPapers)
JEL-codes: F10 F13 F14 F18 F21 F29 F50 F52 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2021-11-18
New Economics Papers: this item is included in nep-cna and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kietia:2021_019

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