Unlike other advanced economies, South Korea has experienced a large increase in its exports to China as well as its imports from China due to the rise of China since the 1990s. As a result, the China shock made a substantial share of Korean manufacturing jobs disappear, but also led to a...

This study empirically demonstrates that changes in trade structure caused by the rise of China and Vietnam over the last 20 years have had a significant impact on the widening of the income and employment stability gap for Korean workers. An important policy goal for Korea, which is heavily...