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Issues in Korean trade 1999 : Trends, disputes & trade policy

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  • Issues in Korean trade 1999
  • Ynag, Junsok; Kim, Hong-Youl
  • Korea Institute for International Economic Policy


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Title Issues in Korean trade 1999
Similar Titles
Sub Title

Trends, disputes & trade policy

Material Type Reports
Author(English)

Ynag, Junsok; Kim, Hong-Youl

Publisher

Seoul:Korea Institute for International Economic Policy

Date 2000-04
Series Title; No Working Paper / 200-01
ISBN 89-322-4078-7; 89-322-4026-4(세트)
Pages 118
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding Korea Institute for International Economic Policy

Abstract

This paper is a survey of some of the important issues in Korean trade during 1999. 1999 was an important year in Korean trade for several reasons. In 1999, Korea began its recovery from the Asian Financial Crisis, with its GDP growing by more than 10%. Much of the growth, especially in the latter half of the year, was due to a healthy export sector. Korea's exports to all major regions rose greatly. Korea's imports also rose greatly, but imports from some regions, such as Asia and North America, grew more quickly than imports from other regions such as Europe. The growth in exports was driven by such goods as semiconductors and automobiles. On the import side, the growth of imports was driven by increases in the import of capital goods due to Korea's recovery from the Financial Crisis and the recession which followed. (The rest omitted)