Bank of Korea: "Supply Chain Restructuring Amid US-China Segmentation… Korea Expands Routes via ASEAN"
4 Articles
4 Articles
Although the trade conflict between the US and China continued, an analysis showed that Korea has maintained all economic links with the US and China using the production networks of third countries. On the 13th, the Bank of Korea analyzed that Vietnam, India, and Mexico are emerging as intermediate hubs in the global production and procurement network through the issue note “How global economic ties are being reorganized in geopolitical segment…
(Seoul = Yonhap News) Reporter Han Ji-hoon = Despite geopolitical fragmentation, Korea has maintained economic ties with both the United States and China by utilizing production networks in third countries such as ASEAN...
Analysis indicates that global economic connectivity is being maintained through "connector nations" acting as links, even amidst geopolitical conflicts between the United States and China. In Korea's supply chain as well, connections with both the U.S. and China have been strengthened through the production networks of connector nations, including Vietnam. Bank of Korea
Despite recent geopolitical fragmentation caused by the U.S.-China conflict and the Russia-U.S. war, economic ties between nations are not being severed but are instead being restructured through the reorganization of existing global supply chain routes.
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