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Korean Products Face Global Import Regulations: Challenges and Opportunities for Korea's Export Industry

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Korean products are increasingly becoming targets of global import regulations Korean products are increasingly becoming targets of global import regulations. With the rise of protectionism and growing concerns over a potential U.S. economic downturn, Korea’s export industry is facing significant challenges. This article explores the current situation, the issues Korea is encountering, and suggests potential paths forward. Recently, there has been a sharp increase in global import regulations targeting Korean products. According to a report by the Korea Trade-Investment Promotion Agency (KOTRA), as of the first half of 2024, a total of 26 countries have imposed import restrictions on Korean exports, with 214 cases reported. This marks a continuous increase from 166 cases in 2015, driven primarily by the spread of protectionism and the rise of "America First" policies. Both developed and emerging countries are intensifying their scrutiny of Korean-made products to protect or f...