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Fifty Years of Japan-Korea Trade Relations Mutual Benefits

권오경 1

1나가오카대학

Candidate

ABSTRACT

Korea's economy has long relied on the Japanese economy to achieve industrialization. This is because 1) Korea and Japan are close to one another culturally and geographically, and while some believe the second reason is because of the normalization funding exchanged between the two countries as recompense for the Japanese invasion of Korea, the real reason is that 2) Japan offers goods and services rather than money. In addition, imports from Japan played a much larger role in South Korea’s economy than those of any other country. In addition, Korea’s reliance on Japan has decreased little by little to the point that on the contrary, Korea is becoming a confirmed competitor of Japan and its economy. This growth is particularly noticeable in the electrical machinery industry, and there is also much growth in the transportation machinery industry. From this background, we see Korea’s economy growing as a result of a relatively short period of industrialization, its new IT industry, modularity, its performance in emerging markets, the spillover of talent from Japanese companies, Six Sigma, the high yen, and so on. Finally, like the competition between American and Japanese companies, the Korea-Japan economic competition aims for the emergence of more daring companies that are scrap-and-build.

Citation status

* References for papers published after 2022 are currently being built.