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Korea’s 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 China’s 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. China’s strategic shift will dismantle the

current Korea-China bilateral economic relations. As China’s 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
http://hdl.handle.net/10371/96544
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Graduate School of International Studies (국제대학원)Dept. of International Studies (국제학과)Journal of International and Area StudiesJournal of International and Area Studies vol.19 (2012)
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