Korea Trapped in the Middle of Trade War
written by 20826 Hwang Da Wan The world keeps developing in many ways, and the trade relations between each country are varying. The world's nations, including Korea, have links in all kinds of fields such as economy, media, diplomacy and more. This is why it is natural for various benefits and losses to occur. In the midst of this, the war that many media talk about called the U.S.-China War is making countries nervous. What is the U.S.-China War? The U.S.-China War is an economic conflict between China and the U.S. which is also called “The war without gunshots.” The U.S.-China War is causing many negative effects on the U.S. and China, such as rising consumer prices in the U.S. and slowing economic and industrial production in China. If so, how will Korea, which has close trade relations with both countries, be affected by the U.S.-China war? First of all, the war has had a major impact on Korea’s investment delay, financial market instability and exchange rate fluctuations.