Economic Cooperation Plan in the Natural Resource-Based Manufacturing Industry : Focusing on historical and genetic affinity

This article aims to deepen our knowledge of Japan’s foreign policy in the Southeast Asian region and its role in Indonesia’s economic development, focusing on their economic cooperation via the Indonesia–Japan Economic Partnership Agreement (IJEPA) and Manufacturing Industry Development Centre (MIDEC) programme. The former has promoted cooperation via a tariff reduction scheme, while the latter facilitates the Indonesian government’s aid to micro, small and medium enterprises in the entrepreneurial sector.

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Main achievements and further tasks for Korean-Russian economic cooperation: From trade to investment and innovation

Vestnik of Saint Petersburg University International relations ◽

10.21638/spbu06.2020.304 ◽

2020 ◽

Vol 13 (3) ◽

pp. 341-353

Author(s):

Sang Joon Lee ◽

Keyword(s):

Supply Chain ◽

Value Chain ◽

Energy Supply ◽

Manufacturing Industry ◽

Industrial Revolution ◽

Far East ◽

Economic Cooperation ◽

Development Planning ◽

The Arctic ◽

The Far East

The article aims to examine the performance of trade and investment since the diplomatic normalization of relations between the Russian Federation (RF) and the Republic of Korea (ROK) and also suggests further areas for the development of economic cooperation between the two countries. The volume of trade between the two countries in 2019 has grown 116-fold compared to 1992. To increase trade volume, it is necessary to increase intra-industry trade to improve the mutual relationship. The direct investment of Korea into Russia has been increased, as well as diversified in different sectors. Korea’s total investment in Russia is approximately 2.75 billion USD, which is relatively small compared to investments made by Korea globally. Korea’s New Northern Policy seeks to strengthen cooperation with Russia. Korean companies must reevaluate the strategic importance of Russia. The lesson learnt from the previous experience of overcoming past crises is, first, to believe in the potential and capabilities of the Russian economy and market. The development of the Far East and the Arctic has made Russia’s energy supply chain more stable and flexible in responding to changes in the energy market. In addition, Russia is also becoming the center of the 4th Industrial Revolution thanks to its advanced scientific and technological capabilities, as well as the revival of its manufacturing industry. To advance economic cooperation between Russia and Korea, Korea has to invest in Russia’s global energy supply chain and participate in the formation of a global value chain in a certain industry by combining Russian advanced science and technology with Korean product development planning and global marketing capabilities. Specifically, The Far East, Arctic Development, and Triangle (or Quadrangle) Cooperation among ROK-DPRK-Russia (-China) will provide significant opportunities to Korean companies.

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Low-Carbon Value Chain Construction for Machinery Manufacturing

Applied Mechanics and Materials ◽

10.4028/www.scientific.net/amm.532.640 ◽

2014 ◽

Vol 532 ◽

pp. 640-643

Author(s):

Li Juan Du ◽

Ying Hua Zhang ◽

Mei Qing Du

Keyword(s):

Sustainable Development ◽

Natural Resource ◽

Value Chain ◽

Manufacturing Industry ◽

The Other ◽

Value Chains ◽

Competitive Advantages ◽

Low Carbon ◽

Carbon Management ◽

Machinery Manufacturing

With high correlative degree, machinery manufacturing industry contributes a lot to the other industries technology progress and sustainable development, so low carbon value chain construction for machinery manufacturing is of great meanings for the whole society. In this paper, a low-carbon value chain for machinery manufacturing is designed, besides traditional activities, low-carbon management, products usage and its end of life are included in support and primary activities in value chain, the value chain is characterized by seeking new low-carbon competitive advantages and increasing effectiveness for natural resource recycles, and suggestions to build low-carbon value chains for machinery manufacturing are proposed practically.

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South Korea - Russia economic relations: focused on FDI

RUDN Journal of Economics ◽

10.22363/2313-2329-2020-28-1-45-54 ◽

2020 ◽

Vol 28 (1) ◽

pp. 45-54

Author(s):

Ekaterina A. Degtereva ◽

Han-Sol Lee

Keyword(s):

South Korea ◽

Manufacturing Industry ◽

Value Added ◽

Economic Cooperation ◽

Policy Implications ◽

Entry Modes ◽

Exchange Programs ◽

Economic Relations ◽

Foreign Policies ◽

Start Ups

The emphasis on economic cooperation between South Korea and Russia is growing according to the new foreign policies of the two countries. This study aims to draw policy implications for increasing inter South Korea-Russia investments as reflecting growing political significances of economic cooperation of the two countries. For that, we analyzed FDI data from Central Bank of Russia, Export-Import Bank of Korea, and KOTRA given that in globalized economies, above all the other entry modes in foreign markets, FDI plays a significant role in national economic growth as allowing firms to utilize cross-border production factors with high efficiencies. Based on the data analysis, we made the following meaningful conclusions. First, despite growing political importance, FDI flows between the two countries are insignificant, partially due to the profound sense of closeness. Second, the motivations of Korean FDI showed differences dependent on Russian cities. Third, Korean FDI in Russia is highly concentrated in the manufacturing industry. To increase FDI flows between the two countries, we recommend to launch cultural exchange programs in private sectors with longterm visions and diversify investment in a way to increase cooperation among SMEs, and start-ups in high value-added and innovative industries.

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