It has become clear that Japan is South Korea’s fiercest export competitor. On December 12, the Korea Trade-Investment Promotion Agency (KOTRA) released a report titled “Analysis of Global Competitive Trends of the Top 10 Export Items,” which analyzed each country’s import and export data for the past six years. The report analyzed export competitive trends by country and item based on each country’s export market share in overseas markets and the export similarity index. The closer this index is to 100, the more similar the export structures of the two countries are and the more intense the competition is. The results showed that Japan is the overseas market with which South Korea is engaging in the fiercest export competition. An analysis of the level of export competition with major countries from 2019 to the third quarter of 2024 showed that among the top 30 exporting countries, the countries with the most intense competition with South Korea were Japan (46.8), Singapore (40.1), Germany (39.8), the US (39.1), and China (38.5). Japan (5th), Germany (3rd), the United States (2nd), and China (1st), which are competing with South Korea, are among the top five export countries along with the Netherlands (4th) (3rd quarter of 2024). South Korea is in 6th place. In short, South Korea’s main competitors are the five largest exporting countries. As of the third quarter of 2024, South Korea’s top ten export items, in order of largest export value, are: 1) semiconductors, 2) automobiles and parts, 3) machinery, 4) electrical and electronic products, 5) chemical industrial products, 6) petroleum products, 7) steel and non-ferrous metals, 8) plastics, 9) ships, and 10) medical, precision and optical equipment. Comparing the export structure of South Korea with that of other major countries, it was found that of the top 10 export items, Japan had nine items, while Germany and China each had seven items that overlapped with South Korea. Lee Ji-hyun, director of the Economic and Trade Cooperation Headquarters, said, “Major exporting countries such as the United States and China are actively providing support and implementing various regulations with the aim of developing cutting-edge industries. We will swiftly provide relevant information on trends in major countries and trade regulations to improve the responsiveness of Korean companies and provide multifaceted support for diversifying supply chains, expanding business partners, and providing technological cooperation.” Attention is focused on whether South Korea can overtake competitors such as Japan and join the ranks of the top five exporting nations. (Text: Search Korea News Editorial Department) Search Korea, December 12, 2024.
>>14 It’s well-known that Hyun-dae, who isn’t popular in Japan, used Mt. Fuji as a commercial image to sell himself overseas lol No wonder no one would pay attention to him in Japan lol.
Q. Japan and Korea have similar export volumes, but is this because Japan produces more locally overseas? chatgpt That’s correct. In the case of Japan, locally produced goods are not included in the export value, but are recorded as local production value. On the other hand, South Korea’s export statistics mainly reflect domestic exports, so this difference is reflected in the characteristics of the figures for the two countries.
You guys are dependent on foreign demand. Japan is a domestic demand country. You guys have an excessive foreign debt. Japan is making a huge profit. Don’t look at me, don’t compare me.
It’s because they simply copied the social and industrial structure of nearby Japan and stole its technology. Evenki talks about “benchmarking”. After the war, when Japan focused on steel, the Evenki also focused on steel; when Japan focused on shipbuilding, the Evenki also focused on shipbuilding; and similarly, they followed suit with automobiles, electronics, and so on. The Evenki should have just pioneered a unique field that did not overlap with Japan’s, but they lacked the ability to do so.
>>56 Idiot lol It’s inevitable that competitors will emerge in a capitalist market. Especially when it comes to neighboring countries with similar industrial structures. The winner is the one who responds to market changes and continues to evolve. The decline of Japanese products today is the result of your incompetence and laziness.
>>82 I laughed when Yoon So-na said she was surprised to find out that there is a “Doraemon” in Japan that looks just like the Korean “Dongchamon” lol The average Korean is so ignorant lol.
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