1970-01-01 08:33:27
Chinese consumer goods account for about 36 percent of the Republic of Korea (ROK)'s imported market, according to a report by the Hyundai Research Institute on Monday.
The Hyundai Research Institute said that the Chinese market share in all imported consumer goods rose from 9.8 percent in 1992 to 28.8 percent in 2002 and 35.7 percent in 2006.
China's share of capital goods has also increased drastically from 0.45 percent in 1992 to 18.5 percent in 2006, according to the institute, which looked into the changes in the markets of raw materials as well as consumer products and capital goods.
"China's entry into the domestic markets has expanded in general from finished goods to material and component industries," the institute said in the report. "More recently, imports of high value-added goods such as steel and electronic products have also been increasing," it added.
Source:Xinhuanet