Korean Experts And Scholars' Views On The Current Trade Environment In South Korea

According to the economic news report of Seoul, South Korea, the trade protectionism launched by the United States has caused the major countries in the world to push forward the "priority of nationalism" one by one. Recently, Japan also joined the "Priority Doctrine" to take export control measures to South Korea. It is expected that the Republic of Korea will be excluded from the list of white countries in August (2019).

The report points out that South Korea's exports account for more than 40% of GDP, and according to WTO estimates that the global trade conflict will expand by 3.34% in 2022, and the reduction will be second in the ASEAN countries. In the case of the current US trump general criticism that WTO has been damaged (The WTO is BROKEN), the prosecution of WTO is the most effective way to solve Japan's export control measures. Korean experts and scholars believe that Korea is facing a new trade order which is not related to establishing strategic diplomatic channels and strengthening industrial competitiveness. Japan's export control is only a signal for the world's major countries to advance their national priority. In the future, South Korea may face more types of trade attacks.

Korean experts and scholars said that the future of the world will be dominated by trade protectionism and enter the era of winner, and the fourth industrial revolution will lead to rapid technological change. Only the winner takes it. In the face of the changing international trade order, apart from facing the economic and environmental problems, diplomatic politics may also face an isolated dilemma. South Korea will inevitably have to change its economic alliance and plan new trade policies in the future. In addition, experts and scholars emphasized that the recent Japanese government's export control measures to South Korea seriously affected the export of Korean semiconductors. In South Korean society, the activities of "refusing to buy Japanese goods" were launched. The people of South Korea are experiencing the impact of trade protectionism on their real life. In the present situation, it is necessary for the government to grasp the principles so as to avoid similar measures taken by other major countries.

In addition, scholars and experts suggest that at present, the global trade order has tended to compete with the priority of nationalism. It is necessary for the Korean government to strengthen its consultative capacity and industrial competitiveness in support of diplomacy. When the main countries have the most advantageous defensive weapons and enhance their technological strength when the technology is suppressed by the unique technology, the government must set up an enterprise consortium, actively provide assistance, and strengthen the functions of the government's economic departments, so as to plan the blueprint for the Korean economic autonomy.