South Korea’s US$60 billion swing in China trade due to ‘shrinking tech advantage’ as deficit emerge

Posted by IDQWE001 > 2023-04-11 10:07 | Report Abuse

South Korea recorded a trade deficit of US$5.1 billion with China in January and February, which was the highest among all its trading partners South Korea’s trade deficit with China is not a temporary phenomenon, but a structural problem as the comparative advantage of its products is disappearing, an analyst said. Choosing an alliance is very importan due to global chain supply realignment.

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