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November 26, 2005
A Kimchi Trade War
South Korea is in a trade dispute with China over kimchi, reports the Los Angeles Times, which is something akin to being in a trade war with Memphis over barbeque.
This trade dispute, like most you find these days, is a little more complicated than a nationalist "China vs. South Korea" fight. Many Chinese kimchi producers are actually owned by Koreans living in Shandong Province, particularly Qingdao. Qingdao, as we’ve pointed out previously, has about 5000 Korean-owned businesses of all sorts, located there not just because of the lower cost structure but the quality of life.
As with the textile disputes between the United States and China, you can rest assured that many of the "domestic" kimchi producers in South Korea also have production facilities in China.
There’s always more to a trade clash, in a global economy, than meets the eye.
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