韓ㆍ中 經濟關係의 發展과 새로운 協力課題

Abstract

Since the policy of economic innovation and liberalization was implemented, Chinese economy has rapidly grown. As a result, China has become the 7th great economy power following the U.S.A, Japan, Germany, France, England and Italy. When it is considered based on purchasing power, it is estimated as the world second or third in scale. In 1990s, Chinese economy recorded more than 10% increase of growth rate, and it is expected that the growth will last for a considerable period. Western experts on China expect that China will surpass America in economy and be the world best in 2020. When China with 1. 2 billions of population has kept their growth and becomes the great world power, it will have a great influence on international order as well as world economy. It is certain that Chinese economy will work as a serious challenge to the economy of Korea which is a neighboring country. Chinese products with competitive power because of their low price will compete with Korean products and as Chinese industry has advanced due to fast growth of its economy, competition areas between two nations will change from low and midium price products to high and advanced technology products. However, it is expected that as Chinese economy is growing, huge markets and investment opportunities are open to Korean business. The advance of Chinese economy has a positive influence such as expansion of opportunities of Korean and Chinese economic exchange, but it gives burdens such as intensification of competition and gradually decreasing difference in technology between two nations. However, the two countries should focus on preparation of a economic exchange system that can improve global competitive power through free use of their competitive resources. So far, as they have developed such friendly relations, economic cooperative relations between two countries will progress more closely. Although occupancy rate of Chinese products in overseas markets for the past 10 years has been rapidly increasing, Korean occupancy rate in main markets has been kept. So, it is judged that Korean industries have managed threat of China well. However, as Chinese industrial structures has been rapidly advanced, it is possible for the threat of China in overseas markets to increase. In addition, if Korea does not prepare more advanced economic systems and investment environment through domestically continuing restructuring, Korea may face difficulties such as loss of manufacturing industry and export markets. As China joined in WTO and its markets have been expanded,investment conditions are improved and its policy to attract international investment is becoming more inviting. At the same time, its international competitive power has rapidly been progressing. Therefore, this study aims at preparation of desirable relations with China which is an enormous threat as well as a chance to Korea. Finally, this study carried a bibliographical analysis based on previous studies on relations between China and Korea and collected data presented by Korea Export and Import Bank, Samsung Economy Research Institute, the Ministry of Industry and Resources, Korea Trade Association, the Ministry of Diplomacy and Commerce and Industrial Research Center.