Text: Mushrooms talk about science and technology.
South Korea's first-class structure for exports to the Chinese market has undergone some major changes when the United States has been lobbying for the United States. In the past two years, the United States has repeatedly hoped that South Korean companies will reduce their semiconductor exports to the Chinese market. In fact, South Korea is reluctant to do so, because it knows that the Chinese market is one of the country's largest export markets, and if a "decoupling" situation is formed, the adverse economic impact of South Korea will be further amplified.
But despite this, Yoon Suk-yeol's attitude is not too tough, always thinking about a bowl of water, and this has directly led to the continuous decline in the proportion of South Korea's semiconductor exports to China. In the whole of last year, they fell by 30 percent year-on-year6％。
But such a cold winter is not over yet. Because after the release of a data on the proportion of exports to the Chinese market, South Korea is even more worried.
According to data released by the Korea ** AssociationLast year, imports from South Korea accounted for 63％。This is the lowest level since 1993. In the past, South Korea's export data has generally remained around 10, and from 2013 to 2019, South Korea was China's largest importer for seven consecutive years. But now, the situation has changed dramatically.
Even South Korean economic experts believe that this is a situation of "decoupling".
It is reported that they believe that there are two fundamental reasons for the decline in the proportion of their exports. One is that South Korea's Samsung is constantly suppressed by domestic brands, and Hyundai-Kia Motors is gradually marginalized. This shows that the self-sufficiency rate of the Chinese market is increasing, and their products are also weakening their competitiveness. The second is "the impact of other unfavorable economic factors", although this point is not directly stated, but in fact, we all know that the problem lies in the export of semiconductors under the technological hegemony of the United States. After all, it has been in the semiconductor field that has declined sharply in the past two years.
In this regard, South Korean economic experts believe that they should be prepared for a long-term decline in this situation. But despite this, they do not feel that they want to give up on the Chinese market, but intend to adopt a high-end and differentiated strategy to regain their market share in the Chinese market. This point has released an important signal, that is, South Korea does not intend to follow the pace of the United States and exercise the "decoupling" strategy that it does not recognize.
Not only that, but perhaps they will also bypass the restrictions to improve their competitiveness, so that Chinese manufacturers will increase the use of Korean products. Because the declining data has shown that if they can't come up with a better product, it will be difficult for them to continue to take root in the Chinese market. It is very likely that in the end, it will be gradually marginalized by the Chinese market like Samsung and Hyundai Kia.
South Korea's current situation has just given some allies a lesson from the past, and if they want to decouple from the Chinese market, they must see if they have the strength to find an alternative market. If not, they should not act subjectively when they are still dependent on the mainland market, because it is very likely that they will not be able to decouple themselves, but they will be decoupled. At that point, it will not be so easy for them to turn around and regain the market. I hope that the European Union, which is now conducting investigations, will have a clear understanding of this.
What do you think the Korean export market will do in this context? Feel free to leave a comment, like and share on the topic!