Research On The Complementarity Of Service Trade Between China And Republic Of Korea

With the deepening of economic globalization, trade in goods has been unable to meet the needs of the world economy, and service trade has become a pillar industry. Under the trend of regional integration, the economic exchanges and cooperation between countries have become closer and closer, and the good economic cooperation can bring the win-win result to each country’s economy. China and South Korea are the two countries with better development in Northeast Asia, which are close neighbors, and have similar cultural traditions, economic and cultural exchanges. In terms of service trade development, the two countries are both similar and different: both the advantages of industry, but also a disadvantage industry, the development prospects are broad. But the overall level of service trade between the two countries is not high, and there is still a certain gap between the developed countries in Europe and America, which will lead to a certain degree of imbalance in the economic structure, and even hinder the development of the economy. To study of China and South Korea the development of service trade,on the one hand, to further deepen the service trade exchanges between China and South Korea, on the other hand, our country also can learn from each other, learning the experience of South Korea’s service trade development, to further enhance the development level of the service trade of our country and international competitiveness.First of all, the paper literature research, reading a lot of related literature at home and abroad, and the reading of the literature is divided into three aspects of the service trade research, service trade structure and competitiveness of China and South Korea trade in services research summary, the overall point of view. Secondly, through the data collection and calculation, using the methods of comparative analysis, the overall level of development of Chinese service trade and South Korea respectively, compared with respective analysis, total service trade balance, international market share and the import and export structure, found Chinese total trade in services is higher than that of South Korea, but Chinese service trade deficit increased gradually, while South Korea is from the beginning of 2012 from deficit to surplus; on the whole, China’s international market share is higher than that of South Korea, about two percentage points higher in China; the international competitiveness of the tourism industry, construction industry and other business services sector is large, and transportation, construction and other South Korea business competitiveness in the international market is higher, especially in the construction industry, has a higher status in the international market; therefore, the service trade in China Industrial structure, tourism, construction and other commercial services accounted for a higher proportion of South Korea’s transport, construction and other commercial services sector accounted for a higher proportion. Again, through the service trade between the two countries display of comparative advantage index, trade complementary index and trade, combined the index calculation and analysis between service trade development closely and found that each country has comparative advantage in the industry are very similar: China’s transportation industry, tourism industry, construction industry and other business services sector has a comparative advantage, and the transportation industry in South Korea, the construction industry and other business services sector has comparative advantage, and the two countries in the transportation industry, tourism, and other business units of service trade complementary higher, with broad space for development. At the same time, the trade union of the two countries is higher, which shows that the trade in services between the two countries is more closely. Finally, through the previous analysis, summed up the between China and South Korea’s service trade development speed is low, the structure needs to further optimize and complementary industry less, and there are still insufficient, and focusing on the development of the advantages complementary industries, promote the non dominant complementary industry, China ROK FTA platform and give full play to government function angle put forward related suggestions to promote the further development of the service trade between China and South Korea.