Nowadays, world economy has proceeded to the open markets for goods, capital and services with the collapse of both extremities of ideology.
But, on the other hand, economic policies for establishing the economic blocs are also made to strengthen the...
Nowadays, world economy has proceeded to the open markets for goods, capital and services with the collapse of both extremities of ideology.
But, on the other hand, economic policies for establishing the economic blocs are also made to strengthen the economic relations within the local area.
So Korea has externally joined the OECD and WTO and has internally driven toward the globalization in the fields of politics, economy, culture and society.
Recently, to meet the china's opening policies, Korea has also increased the investment to the Western-sea area which has been retarded in development with this, Mokpo is geographically the center of the Yellow-sea Economic area which is going to establish inclusive of Korean western-sea, Chinese eastern-sea, Japanese Kyushu area and North-East seaside area.
It will greatly enhance the position of Mokpo and will make a chance in vitalizing the local economy.
But Mokpo has many difficult Problems to be solved for the expansion of trade to China.
Internally, Mokpo has weakness in industrial structure and lacks SOC which is essential to the local development and externally Mokpo must compete with the Western-sea competitors - Gunsan and Asan. To build up the roles as a trade front to China, Mokpo should expand the hardware factors-airport, harbor, roads, and railroad-and the institutional factors which can develop the SOC and invite the suitable industries.
And with this, human factors must be urgently established. To make a gradual expansion of trade to the Chinese market, Mokpo should select an area suitable for trade among the coastal districts of the eastern-sea China and concentrate its trade business to that area.
In addition to this, Mokpo should make plans entering the Chinese open market by strengthening the manufacturing industries and intermediate trade.
And Mokpo should make also policies to induce the Chinese tourists to the famous sightseeing resort of Korea by developing the cultural resort area in Mokpo area.
In view of this situation of Mokpo, this article aims at presenting the development directions of Mokpo to get a favorable status in the Korea's and China's trade.