earticle

영어

Recently, as Korea's exports and economic growth have decreased, concerns over the economy are growing. The main reason for the slump of export is the concentration of export countries and export products. In fact, the proportion of exports to China was 26.8% and that of semiconductors was 20.1% among the total exports of Korea in 2018. In the first half of 2019, exports to China and semiconductors declined by -16.9% and -24.0% respectively. As a result, domestic economic growth in the first quarter was -0.4%. So, in this paper examine the recent export trends and calculate the degree of concentration by item and country using the indicators of HHI and CR. And, analyze the effects of such concentration on export and economy of Korea. Then, the necessity of export diversification by item and region and detailed export expansion methods are presented. This paper is timely in the face of sluggish exports in Korea. And differs from previous studies in that it proposes the necessity of diversification of exports and proposes expansion strategy of export portfolio. It is expected to contribute to the export expansion strategies and export policies of individual companies and governments.