An Analysis on the Competitiveness and Difficulties in Korea’s Export to India

5 Pages Posted: 20 Jun 2019

See all articles by Choong Jae Cho

Choong Jae Cho

Korea Institute for International Economic Policy

Young Chul Song

Korea Institute for International Economic Policy

Jung Mi Lee

Korea Institute for International Economic Policy

ChiHyun Yun

Korea Institute for International Economic Policy

Date Written: March 15, 2019

Abstract

In July 2018, President Moon Jae-in announced the new target of achieving $50 billion in trade between India and Korea by 2030 following a summit meeting with Narendra Modi, the Prime Minister of India. Despite the Korean government naming India as a key partner in line with its New Southern Policy, trade between the two countries had remained stagnant since reaching the $20 billion mark in 2011.

Fortunately, we are seeing new momentum in export expansion as exports have surpassed the record high of $15 billion in the past two consecutive years. This could indicate we have entered a crucial point where we must finds ways to sustain this driving force if Korea is to continue expanding exports. As such, this study mainly focuses on Korea's export to India, identifying the factors contributing to export stagnation, and going on to present policy suggestions to enhance Korea’s export competitiveness in the Indian market.

Keywords: Korea Export, India

Suggested Citation

Cho, Choong Jae and Song, Young Chul and Lee, Jung Mi and Yun, ChiHyun, An Analysis on the Competitiveness and Difficulties in Korea’s Export to India (March 15, 2019). KIEP Research Paper, World Economy Brief 19-04. Available at SSRN: https://ssrn.com/abstract=3407184 or http://dx.doi.org/10.2139/ssrn.3407184

Choong Jae Cho (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Young Chul Song

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jung Mi Lee

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

ChiHyun Yun

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Register to save articles to
your library

Register

Paper statistics

Downloads
6
Abstract Views
79
PlumX Metrics