| Korea, a large net-food importing country, is rapidly opening its doors to agricultural trade. In this study, we investigate the nature and extent of competition between two major exporters, China and the United States, to the Korean food market. We first employ the un-centered correlation distance approach to investigate the similarities in the export structures of major exporters to the Korean market. Results show that the United States, traditionally a large food exporter to Korea, is facing serious competition from Chinese exports. The similar export structures of China and America have made the latter vulnerable to competition. Furthermore, the geographic proximity of China to Korean markets confers the former two-fold advantages: similar food... |
