south korea is losing export competitiveness
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

South Korea is Losing Export Competitiveness

Arab Today, arab today

Arab Today, arab today South Korea is Losing Export Competitiveness

South Korea Port.
Seoul - QNA

South Korea is losing export competitiveness in the major industrial sectors as China is catching up fast in the technology and manufacturing industries. 
The market share of Korea's top 13 export items accounted for 5.3% in the global market in 2015, shedding 0.4 percentage point from 2011, the Korea International Trade Association (KITA) said in a report, carried by South Korea's News Agency (Yonhap). 
The key export items include semiconductors, autos, ships, steel, flat panel displays, wireless communications equipment, computers and auto parts. 
In contrast, China's market share in the cited sectors rose from 15.2% in 2011 to 18.3% in 2015, while that of Japan and the United States also slipped over the period. 
"Korean companies have had a global competitive edge in semiconductors, autos and ships, but those backbone export industries are being challenged," the KITA said. 
Korean flat panel displays showed the sharpest decline in market share from 23.2% to 18.5% over the past five years, while its ships' export market share dropped from 24.5% to 21.2%, the association said. 
"Korean companies should develop new growth drivers in the manufacturing industry and carry out innovation and corporate restructuring to boost their global export competitiveness in the face of toughening competition with Chinese and Japanese firms," said Mong Byung-ki, an international trade expert at KITA.

Source : QNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south korea is losing export competitiveness south korea is losing export competitiveness

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south korea is losing export competitiveness south korea is losing export competitiveness

 



GMT 06:16 2017 Thursday ,28 December

IS moves with 'impunity' in Syria regime-held areas

GMT 02:32 2017 Tuesday ,18 July

China leadership contender under investigation

GMT 09:01 2017 Tuesday ,14 February

Sledging? Go for it, says Australia's Smith

GMT 17:49 2017 Thursday ,26 October

HRH Premier congratulates Turkmen President

GMT 07:17 2017 Wednesday ,23 August

Mahmoud informed on AAAID performance

GMT 05:47 2017 Wednesday ,04 October

Sisi sends message to Mauritanian president

GMT 08:59 2017 Friday ,28 April

Cyclists ride 'for peace' on Middle East tour

GMT 19:02 2017 Friday ,23 June

Thailand`s Queen scheduled to visit Borobudur

GMT 03:22 2017 Sunday ,12 November

Abu Dhabi's GDP increases 6.6 percent during Q2
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday