According to the analysis of the Korea trade association's institute of international trade, the G2 countries of China and the United States account for 40% of the world's GDP and 22.6% of trade, and Korea's exports to G2 account for 38.9%, which is only after Taiwan. As the trade disputes between the G2 countries expand, South Korea is likely to be affected.
In particular, it is speculated that with the US trade sanctions against China, countries and regions such as South Korea, Japan, Germany and Taiwan will suffer great losses due to the large proportion of intermediate products exported to China.
The trade association believes that the trade disputes between China and the United States will be conducted in the direction of reducing trade imbalance and hegemony competition including structural problems in the future. From the indirect impact of the trade disputes between China and the United States, the scale of export reduction will continue to expand.