한 중간 철강 금속산업의 경합도 비교 분석

Comparison Analysis on Competition Degree between Korea and Chinese-Steel & Metal Industry-

China with high potential of economic growth is in a bitter competition against Korea in most of the industries. China has been reorganizing the steel & metal industry through capital intensification strategy (고도화 전략) and changed to a strong competitor in this industry. The purpose of this study is to analyze competition status in the steel & metal industry between Korea and China, especially comparing this industry s competing areas before and after China s joining of WTO. HS 4 unit code in the steel & metal industry was used to analyze. The result of the study shows little difference before and after China s joining of WTO in competing degree. Korea still takes competitive advantage in most of the steel & metal industry areas. This status is expected to sustain for the time being. However, China‘s government will reform economic policies more intensively to meet WTO s standard. China s corporations will also be equipped to increase efficiency and compete in free economic market (시장경제). China s major industries will be transformed to heavy industries from labor intensified industries by the government s efforts and this will threaten Korea s competitive advantage in the steel & metal industry .