While the Japanese are concerned with a new terror strikes again shaking the Japanese archipelago, South Korea already fears that the earthquake and tsunami that hit its nearest neighbor has a negative impact on its own economy. Japan is indeed the second largest economic partner of South Korea. Whether to cite a figure, note that the South Korean companies importing electronics 25% of their components from Japan.
If conversely, the South Korean manufacturers could initially take advantage of serious diffciultés their Japanese competitors, the situation to boost their exports, they could be relatively soon be hit by shortages of supplies.
It is against this background that Sunday, the finance minister of South Korea chaired a crisis meeting bringing together 16 government agencies.
Objective: To evaluate the consequences of the earthquake on the South Korean industry.
Currently, the economy minister has sought reassurance, saying that the impact was "limited" for the moment, but that "uncertainties remain high."
To prevent possible energy shortages in Japan, Seoul has already announced that it redirected to Japan shipments of liquefied natural gas which it was intended. History of the power plants of these precious goods suppliers.
Note that exports are the main engine of the Korean economy. Indeed, Korea has to import energy and raw materials because of the lack of natural resources of its territory, had to move towards an export economy to balance its trade.
The country imports and natural resources, capital goods and intermediate and finished products exports with high added value.
Multiplied by 8 to 11 years, trade with China, trading partner for Korea, continue to strengthen. The European Union is now on a par with traditional partners such as Japan and the United States.
0 comments:
Post a Comment