Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...

The spectacular economic development of South Korea in recent decades has continuously intrigued economists, academic community and general public. Whether such a development model be applied to other, less developed countries is one of the topics often explored in a number of studies and...

"Despite international sanctions, North Korea's trade has exhibited quantitative growth. However, the sanctions have also limited North Korea's trade partners to China. The surging demand for anthracite in China has skewed North Korea's trade structure, leaving it vulnerable to external shocks...