Intra-Industry Trade in High-Tech Product Groups within the South Korean Manufacturing Industry
The aim of this article is to determine the extent to which South Korea and other countries with which it has foreign trade relations are similar in terms of manufacturing industries producing high-tech products. To achieve this, the article analyses the intra-industry trade (IIT) of South Korea...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Sivas Cumhuriyet Üniversitesi
2025-01-01
|
| Series: | Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/download/article-file/4288590 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832570547641253888 |
|---|---|
| author | Osman Barbaros Kemer Muhammed Fatih Aydemir |
| author_facet | Osman Barbaros Kemer Muhammed Fatih Aydemir |
| author_sort | Osman Barbaros Kemer |
| collection | DOAJ |
| description | The aim of this article is to determine the extent to which South Korea and other countries with which it has foreign trade relations are similar in terms of manufacturing industries producing high-tech products. To achieve this, the article analyses the intra-industry trade (IIT) of South Korea's manufacturing industry producing high-tech (high value-added) products. To this end, calculations were made using the Grubel-Lloyd index, which is the most widely used in the literature, with 3-digit (SITC-Rev.3) foreign trade data within the manufacturing sector for the period 2010-2022. With regard to South Korea's high-tech manufacturing industry and its foreign trade partners, it has been observed since 2010 that the IIT values in question exceed 0,57, with a value of 0,74 being reached in 2022. Conversely, while standard technology products played a significant role in achieving high IIT values in 2010, the increasing IIT values of high technology products since 2015 have been instrumental in South Korea's attainment of high IIT values. Furthermore, it has been established that this value is particularly concentrated in the machinery and transport sector and the chemical sector. It can thus be concluded that South Korea's foreign trade with other countries in the same or similar product groups is dominated by high-tech exports. Additionally, it has been observed that manufacturing industry products, which were previously included in inter-industry trade, have undergone a transformation towards IIT and have contributed to high IIT values. In order for South Korea to become a more prominent player in intra-industry trade in high-tech products, it is necessary for the country to implement more flexible production strategies and develop more comprehensive supply chains. |
| format | Article |
| id | doaj-art-27559f58d9784351afb308b7a98debfb |
| institution | Kabale University |
| issn | 1303-1279 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Sivas Cumhuriyet Üniversitesi |
| record_format | Article |
| series | Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi |
| spelling | doaj-art-27559f58d9784351afb308b7a98debfb2025-02-02T14:34:25ZengSivas Cumhuriyet ÜniversitesiCumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi1303-12792025-01-012611962102057Intra-Industry Trade in High-Tech Product Groups within the South Korean Manufacturing IndustryOsman Barbaros Kemer0https://orcid.org/0000-0002-1118-7507Muhammed Fatih Aydemir1https://orcid.org/0000-0002-4248-9057Bursa Uludağ ÜniversitesiBursa Uludağ ÜniversitesiThe aim of this article is to determine the extent to which South Korea and other countries with which it has foreign trade relations are similar in terms of manufacturing industries producing high-tech products. To achieve this, the article analyses the intra-industry trade (IIT) of South Korea's manufacturing industry producing high-tech (high value-added) products. To this end, calculations were made using the Grubel-Lloyd index, which is the most widely used in the literature, with 3-digit (SITC-Rev.3) foreign trade data within the manufacturing sector for the period 2010-2022. With regard to South Korea's high-tech manufacturing industry and its foreign trade partners, it has been observed since 2010 that the IIT values in question exceed 0,57, with a value of 0,74 being reached in 2022. Conversely, while standard technology products played a significant role in achieving high IIT values in 2010, the increasing IIT values of high technology products since 2015 have been instrumental in South Korea's attainment of high IIT values. Furthermore, it has been established that this value is particularly concentrated in the machinery and transport sector and the chemical sector. It can thus be concluded that South Korea's foreign trade with other countries in the same or similar product groups is dominated by high-tech exports. Additionally, it has been observed that manufacturing industry products, which were previously included in inter-industry trade, have undergone a transformation towards IIT and have contributed to high IIT values. In order for South Korea to become a more prominent player in intra-industry trade in high-tech products, it is necessary for the country to implement more flexible production strategies and develop more comprehensive supply chains.https://dergipark.org.tr/tr/download/article-file/4288590manufacturing industryhigh-tech productsintra-industry tradegrubel-lloyd indexsouth koreai̇malat sanayiiyüksek teknoloji ürünleriendüstri-i̇çi ticaretgrubel-lloyd endeksigüney kore |
| spellingShingle | Osman Barbaros Kemer Muhammed Fatih Aydemir Intra-Industry Trade in High-Tech Product Groups within the South Korean Manufacturing Industry Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi manufacturing industry high-tech products intra-industry trade grubel-lloyd index south korea i̇malat sanayii yüksek teknoloji ürünleri endüstri-i̇çi ticaret grubel-lloyd endeksi güney kore |
| title | Intra-Industry Trade in High-Tech Product Groups within the South Korean Manufacturing Industry |
| title_full | Intra-Industry Trade in High-Tech Product Groups within the South Korean Manufacturing Industry |
| title_fullStr | Intra-Industry Trade in High-Tech Product Groups within the South Korean Manufacturing Industry |
| title_full_unstemmed | Intra-Industry Trade in High-Tech Product Groups within the South Korean Manufacturing Industry |
| title_short | Intra-Industry Trade in High-Tech Product Groups within the South Korean Manufacturing Industry |
| title_sort | intra industry trade in high tech product groups within the south korean manufacturing industry |
| topic | manufacturing industry high-tech products intra-industry trade grubel-lloyd index south korea i̇malat sanayii yüksek teknoloji ürünleri endüstri-i̇çi ticaret grubel-lloyd endeksi güney kore |
| url | https://dergipark.org.tr/tr/download/article-file/4288590 |
| work_keys_str_mv | AT osmanbarbaroskemer intraindustrytradeinhightechproductgroupswithinthesouthkoreanmanufacturingindustry AT muhammedfatihaydemir intraindustrytradeinhightechproductgroupswithinthesouthkoreanmanufacturingindustry |