| Scope and method of study. This study includes three essays. The purpose of the first essay is to provide an overview of the Korean food processing industry and food trade situation, using secondary data. The purpose of the second essay is to econometrically determine the factors which affected per capita, market (total), and import demands for wheat, soybeans, and corn in Korea between 1970 and 1995, and to test for misspecification of these models. Time series data were used in this study. In essay three, a survey was used to collect cross section data to determine what causes a Korean firm to switch from being a non-exporter to an exporter.; Finding and conclusions. Essay one presents an overview of the Korean economy and the food processing industry, the consumption of processed food, international trade for processed food, institutional aspects of the Korean food processing industry, and the present status of the food processing industry in Korea. Essay two found that per capita, market (total), and import demands for wheat, soybeans, and corn in Linear and Log-linear models are dependent upon traditional economic variables. Essay three found that a manager can be successful in international exporting if a firm diversifies its business, develops its foreign markets, and seeks market security. Also, the sum of a firm's exports is dependent on the length of exporting experience and the number of employees. In addition, managers should try to increase their firm's growth and profits, actively explore new product ideas, and develop the technology needed for foreign markets. Finally, the Korean government can help with trade shows and information on exchange rates, financing, and licensing for Korean food processing firms. |
