1.1 South KoreaDeficitNot only in the ** of China, but in the overall deficit. From the beginning of 2022 to now, South Korea has appeared for more than 20 consecutive monthsDeficit。In 2022Deficitreached a record high of $47.2 billion, while in the first half of 2023, South Korea's exposure to China** remained at 12$100 millionSurplus。This indicatesDeficitThe main problem arises in South Korea itself.
1.2 South KoreaSemiconductorsExports to China declined. SemiconductorsIt is the largest in South Korea to ChinaSurplusproject, but in the first half of 2023 to ChinaSemiconductorsExports fell by 398%。This may be because the United States has introduced a restrictive policy, which has affected the export of South Korean chips to China and South KoreaEconomyIt had a fatal effect.
1.3. Declining competitiveness with China. South Korea faces competition from China in some industries, some of which are beginning to overtake South Korea in the global market, such as automobiles and shipbuilding. This is not an intentional targeting of South Korea, but the result of fair competition, and South Korea's own competitiveness has declined, resulting inDeficitProblems arise.
1.4. The decline of the United States and the exhaustion of technological dividends. South Korea and Japan in the last timeIndustrial RevolutionChina has benefited from the introduction of technology and equipment from the United States, but with the decline of the United States and the exhaustion of technological dividends, South Korea's manufacturing industry has gradually lost its advanced nature. Therefore, the decline in the competitiveness of South Korea's manufacturing industry is not an offense to China, but is closely related to the decline of the United States.
2.1. The impact of the chip restriction policy. The United States imposes restrictions on chip exports, to South KoreaSemiconductorsExports have had a huge impact. Because chip exports to China account for South KoreaSemiconductors60% of the overall export scale, the decline in chip exports is fatal for South Korea.
2.2 South Korea and JapanEconomyDependent on the United States. In the last roundIndustrial RevolutionBoth South Korea and Japan are dependent on U.S. technological dividends and the military industry. However, with the hollowing out of the United States and the consumption of technological dividends, the manufacturing industries of South Korea and Japan have gradually lost their advanced nature.
2.3. U.S. political interference in South Korea. In recent years, South Korea has expressed its support for the United States on some sensitive issues, and in someInternationalinterfering in China's internal affairs. This kind of behavior may lead to a boycott of Korean products by Chinese consumers, further affecting the situation in South Korea.
3.1 Risks of relying on a single industry. South Korea has relied heavily on the development of the manufacturing sector over the past few decades, especiallySemiconductorsIndustry. However, the dependence of a single industry makes South KoreaEconomyForInternationalThe market is very sensitive to fluctuations, and once the industry encounters problems, the wholeEconomyThere may be a severe shock.
3.2. Competition and innovation in the manufacturing industry. Although South Korea's manufacturing industry has made great achievements in the past few decades, with the increasing global competition, South Korea must continue to innovate and improve its competitiveness in order to maintain its market position. At the same time, South Korea should also strengthen the coordinated development of different industries and reduce its dependence on a single industry.
3.3. Look for new growth points. GloballyEconomyAgainst the backdrop of increased uncertainty, South Korea needs to actively look for new onesEconomyGrowth. Support and nurturing of the service industry and creative industries can be increased to improveEconomyDiversity and stability of the structure.
3.4. Strengthen cooperation and openness. South Korea should actively participate in global cooperation and strengthen economic and trade cooperation with other countries and regionsInternationalCompetitiveness. At the same time, South Korea should also further open up its market, attract foreign investment and technology, and focus on strengthening its strength with other countriesEconomyCommunication and cooperation.
South KoreaDeficitis a complex issue, not just for South Korea itselfEconomyThe problem is also related to the decline of the United States and the exhaustion of technological dividends. The decline in the competitiveness of South Korea's manufacturing industry is not because it offends China, but because it is gradually losing its advanced nature in competition with China and the rest of the world. For South Korea,EconomyThe development of the development needs more diversification and innovation, reduce dependence on a single industry, and strengthen the support and cultivation of other industries. At the same time, South Korea should also look for new growth points, actively participate in global cooperation, and strengthen cooperation with other countriesEconomyExchange and cooperation, upliftInternationalCompetitiveness.