Study on Reasons and Prospect of Trade Deficit of Cultural Products between Korea and China

The friendly relationship between China and Korea develops in full scale, meanwhile the cooperation of the cultural trade has been strengthened continuously, providing enormous benefit for people from both countries. The trade deficit of cultural products between China and Korea is expanding gradually with rapid development of Korean cultural industry and increasing growth exporting to China. The main reasons of the trade deficit of cultural products are that the two countries are different in development of cultural industry and the support policies of cultural products export are disparate. Furthermore, as the strong historical and cultural similarity between these two countries, huge market demand on Korean cultural products in China is another important factor. China should learn some advanced experience from Korea, make policies helpful for development of cultural industry and export of cultural products, and increase cultural trade to compensate for the deficit.