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영어

The purpose of this study is to discuss how much the allies of Korean War have affected to the trade volume. It can be discussed several factors when we study about trading tendencies among countries as expressed by “Gravity Model”, which are ‘Physical factors’ and ‘Psychological factors’. Typically the ‘Physical factors’ are ‘Population’, ‘GDP’ and ‘Distance between countries’ etc. And ‘Psychological factors’ are variables such as ‘Religion’, ‘Culture differences’, ‘Race’ etc. Normally we use similar ‘Physical factors’ which are mentioned above but in case of ‘Psychological factors’ are not similar but various. Otherwise we used ‘Ally status’ as ‘Psychological factors’ in this study. In fact that there is no result which used ‘Ally status’ as a ‘Psychological factors’ instead of ‘Religion’, ‘Culture differences’, ‘Race’ etc. By the way, the Korean economy grew so fast, it is called ‘The Miracle of the Han River’. Right after the Korean War, Korea was one of the poorest countries in the region. Korea barely maintained its right of sovereignty because of the poor economic situation. However nowadays Korea began to grow economically due to the supports of Korean War allies. It is very clear that the key growth engines of the Korean economy are the ‘export industries’ with Korean War allies and ‘competitiveness of exports’ to the global market. Due to this fact Korea has now become one of the strongest nations economically nowadays. However the Korean economy is losing the economical growth engine suddenly. Some economic experts say the Korean economy may fall into a deep stagnation sooner or later unless Korea can find effective solutions to regain economical momentum. On this point of view, this research focused on the contribution of the linkages among the Korea War allies in the world trade which have contributed to Korean Economic Growth. So we used the “Gravity Model” as an analyzing tool to explain how the variables of “Gravity Model” contribute to Trade quantities. As the results of this study, we found some of variables affected positive results to the trade quantities such as ‘Population’, ‘GDP’, ‘Ally status’ but other variables like ‘Distance between countries’, resulted negatively. This study has some research limitations, because it showed only statistical results among the Korean War allies. However recently China is currently one of the key countries affecting the Korean economy. Therefore we should continue to identify the contributing factors affecting the Korean economy beyond this study.