World Economy Brief
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World Economy Brief
Strategies of Multinational Companies Entering China in the Era of U.S.-China Competition and Implications for Korea
- Author Sang Baek Hyun, Ji Young Moon, Minsuk Park, Jonghyuk Oh and Yun Mi Oh
- Series23-07
- Date2023-03-03
With the integration of resources and markets around the world sparked by the trend of globalization, multinational companies have continued to grow at a rapid pace. In particular, global manufacturers have maintained their competitiveness by distributing resources more efficiently while establishing a global value chain with China as their main production hub. However, measures taken by the U.S. to block China’s access to technology and supply chains in some high-tech industries have prompted discussions on reorganization of the global supply chain, placing these multinational companies in an uncertain situation concerning their operations in China. At a time when competition between the U.S. and China is intensifying, it is necessary to look at the response strategies of global companies that have entered China and seek effective countermeasures for Korean companies.
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