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What determines the volume of maritime container in Korea?

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Frame of Image  increases in the use of containers in
contemporary international trade. In international trade, containers are mostly used in maritime trading because major trading goods are transported by ocean vessel. Since major Korean trading products come in many forms from bulk cargo, such as coal and grains, to machinery products and electronic goods, containers are heavily used in international trade through Korea. The high growth of the Korean economy has led to an increase in maritime trading volume and consequent increased container volume in Korea. Maritime trading volume in Korea reached 16.341 million TEU in 2009. Containers were main transporting mode of clothes, shoes, and media devices in 1990 when the trading volume was 9.99 million TEU. Major exports from Korea such as cell-phones are display devices still relied on containers for trading in 2009. Since secondary industries formed the largest part of the economy, this trend is expected to continue. The structural changes to the Korean economy may lead changes in
1) Murphy, P. and Wood, D.(2008), Contemporary Logistics, Pearson Education, Upper Saddle River.
international trading volume as well as changes in the items of traded. Major exports have moved from labor-intensive products to capital-intensive products. However, the available evidence on the relationship between inter national containers volume and economic growth in Korea is not conclusive even though it is clear that world economic growth influence internationa


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Title What determines the volume of maritime container in Korea?
Similar Titles
Material Type Reports
Author(English)

Kim, Jin Woong

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2011
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 16(no. 1)
Pages 12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Territorial Development < Transport/Logistics
Holding KIET; KDI School

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