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

Author

Listed:
  • Kim, Bawoo

    (Korea Institute for Industrial Economics and Trade)

  • Kim, Yunsoo

    (Korea Institute for Industrial Economics and Trade)

  • Kim, Kye Hwan

    (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.

Suggested Citation

  • Kim, Bawoo & Kim, Yunsoo & Kim, Kye Hwan, 2021. "Analysis of Vulnerabilities and Impact Pathways in Korea's Industrial Supply Chain," i-KIET Issues and Analysis 21/19, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kietia:2021_019
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    More about this item

    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;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F18 - International Economics - - Trade - - - Trade and Environment
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F29 - International Economics - - International Factor Movements and International Business - - - Other
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism

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