Earticle

이 연구에서는 아태지역에서 진행되고 있는 이른바 거대 자유무역협정 RCEP, TPP 그 리고 FTAAP 협상국과 한국간의 양자무역의 다양한 결정 요인에 대해 분석하였다. 양 자간 교역을 설명하기 위해 이른바 확장된 중력모형을 설정하고, 아태지역의 거대자 유무역협정(Mega-RTA)에 참가하고 있는 23개국과 한국과의 무역 패널 자료를 이용하 여 통합 OLS, 고정 효과, 변동 효과 모형을 회귀 분석한 결과, 양국간 교역을 설명하 는데 있어서 기존의 결정요인 분석과 유사하지만 흥미로운 차이점을 도출하였다. 구 체적으로, 한국의 GDP보다 교역상대국의 GDP가 양자간 교역 증가에 더 크게 기여하 였다. 국가간 거리 변수는 기존의 연구보다 상대적으로 적은 것으로 나타났다. 한국의 양자간FTA는 칠레, 페루 FTA를 제외하고는 아직 교역창출에는 유의미한 효과가 나타 나지 않았으며, 이는 한국의 양자간 자유무역협정이 대부분 시행된 지 오래되지 않아 발생하는 현상으로 해석된다.

This study attempts to analyze the potential impact of bilateral free trade agreements between South Korea and the members of the projected mega-RTAs such as RCEP, TPP and FTAAP under negotiation. In explaining bilateral trade flows, an augmented gravity model is constructed between South Korea and the 23 member countries. The regression result in this study shows that the traditional findings from the gravity model study are confirmed but in slightly different way. The GDP of partner country has a stronger positive influence on bilateral trade flows than that of Korea. The distance has a lesser effect than previous studies do. FTA dummies except for FTAs with Chile and Peru turn out to be insignificant in trade creation from those agreements. It seems mainly because FTA history matters or effective years of FTAs studied are not long enough to reflect some level of significance in creating trade for the countries involved.

The purpose of this study is to find a suitable method for Korean logistics companies to enter and expand the shipping logistics market, and to propose a plan to carry out a leading role in the shipping logistics market in Vietnam. Therefore, the start of this study examines the Vietnam market and logistics status to see if Vietnam is suitable for the economic status to enter the world market. Specifically, we will examine the general market research and logistics status of Vietnam and examine the economic and geographical advantages of Vietnam among the many South East Asian countries. Finally, by reviewing the specific situation of shipping and ports in Vietnam, and to present the economic justification to the maritime logistics and port market that we want to enter, and to organize and provide comprehensive knowledge necessary for establishing management strategies for Korean companies to enter into investment on Vietnam.

Duty exemptions are offered by the government through certain specialized programs (NAFTA, GSP, etc.) where specific criteria are met. Importers must be careful to use "reasonable care" in properly assessing eligibility for and in properly documenting a duty exemption. Where such "reasonable care" is not taken, Customs may find the importer liable for the full duties and may issue penalties or take further action against the importer. The main purpose of this research is to understand and identify the legal character of tariff exemption, which significantly affect the firm's tax burden. To do this, this paper utilized the legal aspects of embedded in the customs law and case study judged by Korea Supreme Court. The case studies are consist of two part, that is to say, application of custom exemption and exemption from customs duties for specific goods. This paper proposed some policy suggestion to verify what kinds of understanding and construction of the customs office can significantly affect the firms of financial burden mostly based on the previous studies.

Korea has one of the most advanced global FTA network in the world. The overall current average utilization of FTA network is 70%. However, the FTA utilization by SMEs remain low that the utilization gap between large enterprises and SMEs is 24% in the first half of 2018 although the government and related organizations have made various efforts to support SMEs. SMEs are still facing the old issues arose at the genesis of FTA that haven’t not been solved yet. Therefore, this study aims to review a current status of government support program and propose innovative and differentiated one by employing the concept of “reengineering”. As a result of this study, it seems that the most effective method to boost SME’s FTA utilization rate is to support manpower through reengineering plan. The specialized workforce trained under this new proposed program in the relevant institutions such as Korea Institute of Origin Information would be directly located across the SMEs. This program can guarantee a continuous and ongoing direct access to from the issuing the certificate of origin to even the post-verification.

Our study is to identify the effectiveness of the Big Mac index of East Asian countries which is the representative index of Law of one price(Loop) by using variables related to the price index and exchange rates. Purchasing power parity(PPP) which is the theoretical background of Loop is that price indices of various countries determine the long-term exchange rate. It is classified into absolute purchasing power parity(APPP) and relative purchasing power parity(RPPP). APPP is described the exchange rate difference between countries’ price indices, but RPPP is described the change in the exchange rate with a change of the countries' prices indices. The theory used for empirically testing is RPPP. In our study, the Big Mac Index which is MacDonald's representative product sold for the same quality and specifications all over the world for more than 30 years is used to evaluate the effectiveness of PPP. Empirical tests by using yearly data from 2000 to 2017 to Korea, Japan, Hong Kong, Singapore, Thailand, Malaysia. Indonesia, and the Philippines were conducted through panel analysis. As a result of the empirical analysis, variables relating to the price index of did not show statistical significance for the Big Mac index, but statistical significance was shown with variables such as the rate of change in the nominal exchange rate and the exchange rate of purchasing power. In order to hold the robustness, OECD countries and the countries using the floating exchange rate system in samples are analyzed. Then, the results are also similar. Unlike previous empirical studies where the difference the change in the level of price indices between countries related long-term the effectiveness of purchasing power, our study used 17-year time series data to analyze the effect of the change in price index on the Big Mac index however long-term effectiveness has not been verified. The deviation of the Big Mac index and purchasing power is also explained by transaction costs, non-comparative barriers, and legal barriers. Our study implies that the Big Mac Index, which is representative of Loop, did not show statistical significance with the changes in the price level of East Asian countries since 2000, but it is related to the exchange rate change of the nominal exchange rate and the purchasing power. Moreover the latter has a positive relationship. Future research will be conducted by comparing PPP between OECD countries in Asia and Europe and the study of the effectiveness of PPP using the Latte Index by Starbucks and the iPhone Index by Apple.