Until 2014, demand for durable goods was at the heart of China's domestic market growth. This, combined with the expansion of global value chains (GVC), contributed significantly to the rise of Korea's key industries, particularly that of heavy and chemical products, including electrical and...

Over the past 20 years, CJK's industries in the materials, parts and equipment have grown significantly and led a major change in the global value chain (GVC). The spillover effects of all three countries to each other increased in these industries, and China’s influence has continued to rise...