Korean media said the export of Korean products was attacked by China and Japan: Chinas goods are cheap and cheap.

category:Global
 Korean media said the export of Korean products was attacked by China and Japan: Chinas goods are cheap and cheap.


Reference News Network reported on May 5th, Korean media said that South Koreas product exports were recently attacked by China and Japan. The continuous development of Chinas technological strength has greatly improved the quality of its products, while the low yen makes Japanese products very competitive. In contrast, the export advantages of Korean products are relatively weak. According to the report of the Asian economy in May 3rd, the export of Korean cars, smartphones, household appliances, displays, ships and other products in addition to semiconductors is facing difficulties. In 2010, the recall of Japanese TOYOTA made Japanese cars blocked in the US market. At that time, Hyundai Motor Company had a huge increase in sales with super high cost performance. But affected by the low yen and strong won, the Korean car gradually lost its price competitiveness. In the first quarter of this year, the sales volume of the modern KIA motor market in the United States dropped by 7% compared with the same period last year, while the TOYOTA car increased by 7.4% over the same period last year. Reported that in the made in China strong offensive, in April, Korean household appliances, smart phones and other products exports to varying degrees of reduction. The products such as refrigerators, washing machines and air purifiers introduced by Chinese enterprises are of high quality and low cost, and are gaining increasing popularity among consumers. The report also said that in addition to the problem of export reduction, the loss of exchange rate movements caused by the strength of the won wont be ignored. The problem is that the trend of the Korean won will be further maintained in the future. This article source: Reference News Net editor: Zhang Haitong _NN9053