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Koreas Dynamic Economic Partnership with a Rising China: Time for Change

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Authors

Jee, Mansoo

Issue Date
2012-12
Publisher
Institute of International Affairs, Graduate School of International Studies, Seoul National University
Citation
Journal of International and Area Studies, Vol.19 No.2, pp. 63-75
Keywords
KoreaChinaBilateral Economic RelationsTradeInvestmentEast Asia
Abstract
During the last 20 years, Korea and China have rebuilt their economic relations. Korea has benefited from Chinas rise through vertical cooperation in the East Asian manufacturing network. The

complementary nature of vertical cooperation has reduced direct competition or threats from China.

However, after the global financial crisis of 2008, the foundation of Korea-China cooperation itself

started to change. China now needs a new model of development, one that is less dependent on external

markets and leads to a quicker industrial upgradation. Chinas strategic shift will dismantle the

current Korea-China bilateral economic relations. As Chinas industrial supply chains become more

value added, the former vertical cooperation between Korea and China will be transformed into a

parallel competition.
ISSN
1226-8550
Language
English
URI
https://hdl.handle.net/10371/96544
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