• Title, Summary, Keyword: ASEAN

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Competition of Korea, Japan and China in ASEAN and Determinants of Korea's Exports to ASEAN Countries: Do Chinese and Japanese Exchange Rates Matter? (ASEAN내 한·중·일간 경합관계와 한국의 대(對)ASEAN 수출 결정요인 분석: 위안화 및 엔화의 영향을 중심으로)

  • WON, Yong Kul;LEE, Hwa Yeon
    • The Southeast Asian review
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    • v.27 no.4
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    • pp.41-76
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    • 2017
  • This paper analyses the market shares and the export similarity indexes (ESI) of Korea, Japan and China in ASEAN, and then identifies the determinants of Korea's exports to ASEAN countries using single equation cointegration approaches, such as fully modified OLS (FMOLS), dynamic OLS (DOLS), and canonical cointegration regression (CCR). Various regression results are as follows: As expected, Korea's real exports tend to increase as importing country's GDP grows. The competing third country's currency depreciation affects Korea's exports differently from country to country. Most notably, it doesn't significantly affect Korean exports in Malaysia, Indonesia and Thailand. These results suggest that bilateral or third country exchange rates are not that important or decisive factors to determine Korea's exports to ASEAN countries in the long-run while economic growth in ASEAN countries matters most.

A Study on the Transition of ASEAN and Commercial Cooperation between KOREA and ASEAN (아세안의 변화와 한아세안 통상협력에 관한 연구)

  • Kang, Young-Moon
    • International Commerce and Information Review
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    • v.16 no.2
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    • pp.3-22
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    • 2014
  • View of the recent expansion of ASEAN, Korea must take some measure to cope with them. This paper is aim for suggesting on commercial cooperation between Korea and ASEAN through transition of ASEAN. Generally speaking Southeast Asia can be divided into mainland Southeast Asia and maritime Southeast Asia. ASEAN is association Southeast Asian nations. Korea has been a dialogue partner of ASEAN since 1991, and through the ASEAN plus three try to come true East Asian cooperation. but the level of public awareness of Korea in ASEAN remains very low to compare with China and Japan. Korea and ASEAN have not become the closest of friends in East Asian even though the two are good commercial partners. Korean ODA for ASEAN must be linked with Korean firm's trade and investment for ASEAN to show synergy effect. Korea should analyze ASEAN's plan for ASEAN Economic Community and find potential development needs of ASEAN. Korea and ASEAN want to become ASIA's FTA Hub. such as great vision can come true if Korea cooperate sincerely with ASEAN.

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Determinants of Trade Flows and Trade Structure between Korea and ASEAN

  • Truong, Hoan Quang;Dong, Chung Van;Nguyen, Hoang Huy
    • East Asian Economic Review
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    • v.23 no.1
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    • pp.55-88
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    • 2019
  • Our paper contributes to existing literature by empirically investigate the trade structure and trade performance between Korea and ASEAN. Overall, trade activities between Korea and almost major ASEAN economies have significantly focused on capital goods, medium and high technology goods, while the remaining ASEAN countries' exports over Korea have been mainly primary and low technology goods. There has been a higher complementarity in between Korea's exports and ASEAN's imports compared with between ASEAN's exports and Korea's imports. Estimation results show that ASEAN's GDP and income have larger impacts than those of Korea on aggregate trade flows as well as sectoral level between two sides. Additionally, geographical conditions are critical factors impeding Korea-ASEAN trade. Meanwhile, other factors in the estimation model have mixed impacts on components of Korea-ASEAN trade structure. Finally, there is a significant room for Korea's trade expansion with ASEAN, particularly new and less developed members in future.

ASEAN in 2017 : Democracy in Crisis and ASEAN Norms (아세안 2017년: 민주주의 위기와 아세안 규범)

  • KIM, Hyung-Jong
    • The Southeast Asian review
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    • v.28 no.2
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    • pp.119-145
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    • 2018
  • Celebrating its $50^{th}$ anniversary in 2017, the leaders of ASEAN member sates have adopted a series of declarations and action plans for enhancing its institutional capability and functional cooperation. ASEAN's convening power is expected to underpin its centrality and resilience. Meanwhile, ASEAN's retreat from democracy has increasingly become a hindrance for its further development. This article reviews the process of ASEAN's community building and its external relations. First, it argues that there is increasing concerns over ASEAN's limited capability in dealing with regional issues mainly caused by the deprivation of human rights and the democracy in crisis. Second, this article considers the dynamics of ASEAN's external relations mainly focusing on its relations with China, the United States, and South Korea. The South China Sea issue and China's increasing economic influence in the region have contributed to the complexity of ASEAN-China relations. The ASEAN's responses to the shift in American foreign policy under the Trump administration posits the unity of ASEAN. The New Southern Policy initiated by South Korean President, Moon Jae-in appears to be a new focal point of Korea-ASEAN relations despite considerable challenges, which requires to maintain ASEAN centrality.

An Analysis on IT Policy and Infrastructure of ASEAN Countries (ASEAN 진출대상국의 IT 정책과 인프라 분석)

  • Kwon, Oh-Sung
    • The Journal of Information Technology
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    • v.6 no.4
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    • pp.135-146
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    • 2003
  • In the era of so-called knowledge-based economy, the creation and utilization of IT and new knowledge are recognized as core factors to enforce IT industry and to increase national competitiveness. Advanced countries, therefore, have heavily invested their resources on IT sector and introduced competition into the telecommunication market. ASEAN countries are trying to make themselves informationized society through IT market liberalization and industry development. They are investing lots of resources to construct IT infrastructure such as wired and wireless network and consider informationized society promotion as top national agenda. In this effort, Korea is a benchmarking model for them. Successful entering into ASEAN market requires close analysis and correct understanding of its IT policy and infrastructure. In this paper, therefore, tried to analyse IT policy and infrastructure of three ASEAN countries, which have high potential of economic cooperation in IT with Korea. And based on the analysis, tried to find out ways to enter into ASEAN.

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Is China a Trade Competitor of ASEAN? A Chinese Perspective on the Proposing, Cultivation and Implications of the CAFTA

  • WANG, Liqin
    • Journal of Contemporary Eastern Asia
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    • v.10 no.2
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    • pp.1-23
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    • 2011
  • China's proposal of the CAFTA (China-ASEAN Free Trade Area) in 2001 prompted a great debate about whether China was a trade competitor of ASEAN, given their similarity in economic development levels and trade/export structures. That Beijing shifted its focus on economic cooperation from the international level to the regional level led to its proposal of the CAFTA. As the Framework Agreement (Framework Agreement on Comprehensive Economic Cooperation between China and ASEAN) showed, Beijing's careful consideration for four newer ASEAN members (Cambodia, Laos, Myanmar and Vietnam) intended not only to help all ASEAN members develop economically, but also to narrow the economic gap existing between them and the six old ASEAN members; in return, China was recognized as a full market economy, which it is not currently recognized within the framework of the WTO. The substantial rise in bilateral trade and the structural changes of the trade in goods between China and ASEAN member nations after 2001 proves that ASEAN benefited more from the CAFTA, particularly when the areas where ASEAN had the comparative advantages were designated as the priority cooperation areas between China and ASEAN. In sum, similarities existing in economic development levels and industrial structures between China and ASEAN made them natural economic competitors. However, closer studies of trade in goods of S1-7, S1-6 and S1-0 reveal that China acted as an increasingly complementary trade partner of ASEAN after 2001.

An Economic Effect Analysis of ASEAN FTA on FDI Flows into the ASEAN Countries

  • Yoo, Jung-Geun
    • The Journal of Distribution Science
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    • v.14 no.1
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    • pp.39-49
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    • 2016
  • Purpose - Considering industrialization development stages, an economic effect of ASEAN free trade agreement (FTA) on foreign direct investment (FDI) flows into the ASEAN countries was analyzed. Research design, data, and methodology - utilizing macro-level panel data from 2001 to 2012, panel regression analysis was conducted with a model constructed based on the knowledge-capital model. Results - As for overall ASEAN countries, ASEAN FTA was positively effective to attract vertical FDI to this region, while horizontal FDI was dominant before ASEAN FTA. Meanwhile, for the diversified economy relevant to Singapore, ASEAN FTA was not effective to attract FDI. For the ongoing industrialization economy relevant to Thailand, Malaysia, and the Philippines, ASEAN FTA was negatively effective to attract FDI; ASEAN FTA became a strong incentive to replace foreign investments with trade transactions for the horizontal firms, but an influence of market potentials after ASEAN FTA, which induces to third-country effects such as export platform FDI, has increased. For the incipient industrialization economy relevant to Indonesia, Vietnam, and Cambodia, ASEAN FTA was positively effective to attract vertical FDI. Conclusions - The effectiveness of FTA on FDI inflows varied considerably by the industrialization development stages of host countries.

ASEAN in 2016: The Change and Continuity in the ASEAN Way (아세안 2016: 아세안 방식의 변화 또는 연속성)

  • KIM, Hyung Jong;BAE, Ki-Hyun
    • The Southeast Asian review
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    • v.27 no.2
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    • pp.155-184
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    • 2017
  • ASEAN marking its 50th anniversary in 2017 draws hopes and concerns. There is hope for the full realization of the vision of ASEAN Community since 2015 while there are increasing concerns about the changing internal and external environments. This article reviews the process of ASEAN's community building and its external relations. First, after reviewing institutionalization and functional cooperation in 2016, it argues that there is increasing pressure for the modification of the 'ASEAN Way' mainly due to the recent political changes in some ASEAN member states. Second, this article considers the nature of ASEAN's external relation focusing on continuity rather than change. The tendency of external relations of ASEAN appears to be 'avoiding conflict' and 'status quo' while it concentrates on development cooperation. We argue that such attitude contributes to the unity of ASEAN as it is useful in searching for regional resilience which is a common goal of ASEAN power elites.

A study on Korea's IT Industry analysis to ASEAN (한국의 대ASEAN 정보통신산업에 관한 연구)

  • Bae, Hong-Kyun
    • Korean Business Review
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    • v.15
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    • pp.115-131
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    • 2002
  • In Korea's point of view the ASEAN is geographically located near to Korea's peninsula and can supply Korea with IT products safely, it is also a significant market that we can effectively export IT products. This study analyzes ASEAN as a. strategic market, by enlarging the IT export and import, Korea's IT market excessively leaning upon the United States and Japan's market, so ASEAN is the proper market to which we can drive multilateral trade of IT market and multikinded trade of goods. In order to enhance exports of various IT products, we have to retain a good reputation and to remove revolting factors. Also, the marketing of Korea's IT export against ASEAN have to reinforce and to activate the direct investment, plant exports, and loan credit. Therefore, this study reviews Korea's IT Industry analysis to ASEAN, and finally we suggest the way to solve the main problems.

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A Comparison of Korea and China's FTA Dispute Settlement Agreements with ASEAN (한국과 중국이 ASEAN과 체결한 FTA 분쟁해결협정 비교 고찰)

  • Choi, Song-Za
    • Journal of Arbitration Studies
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    • v.23 no.1
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    • pp.25-53
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    • 2013
  • With the Korea-China FTA negotiations currently on the line, the importance of research into the FTA dispute settlement system has been increasing. In this paper, a comparison of Korea and China's FTA dispute settlement agreements concluded with ASEAN is contemplated, and implications for the future of the Korea-China FTA have been suggested. The FTA dispute settlement agreements with ASEAN concluded by both Korea and China provide perspectives on both sides. This agreement with ASEAN also provides a standard for the potential Korea-China FTA agreement. Specifically, the basis of these agreements with ASEAN is the same, although there are clear distinctions, described in a more detailed manner. A problem arises when there has been no discussion on dispute settlement agreements in Korea, especially of the agreement with ASEAN, whereas the opposite is true of the China counterpart. In this paper, Chinese academic FTA dispute settlement agreement studies have been also examined.

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