Korea"s Main Competitor, China ?

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Korea"s Main Competitor, China ?

Korean exporters think that their major competitors are Japan and Taiwan with China one step lower.
But foreign buyers think that Korea is at the same level as China.
According to the result of a survey released on October 23 by the Korea Industrial Design Institute of 612 trading business men (340 Korean and 272 foreigners), at the general grade, Korea, at 4 points out of a total 7, lagged behind the U.S., European Union, Japan, Taiwan, Hong Kong and Singapore and surpassed China (3.7 points) and Southeast Asian countries.
Whereas, the trading businessmen of the UK and Canada made an assessment that China outrivals Korea in all sectors of design and quality.
Foreigners replied that the major competitor of Korea is China (33.5%) while Koreans thought that Taiwan (35.3%) and Japan (27.4%) are more important competitors than China (27.1%).
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