SEJONG, Feb. 18 (Yonhap/APP): The rapidly spreading coronavirus in China is expected to hit South Korea second hardest if the virus epidemic forces Beijing to disrupt its supply of intermediary goods to Seoul, a report showed Tuesday. According to the report by the Korea Institute for International Economic Policy (KIEP), China’s exports of intermediary goods to South Korea stood at US$75.1 billion in 2017, accounting for a 6.5 percent of Beijing’s total exports of intermediary goods. The United States was the largest importer of China’s intermediary goods in 2017, with the ratio standing at 10.7 percent, the report showed. That was followed by Japan with 5.5 percent, Germany with 2.7 percent and Taiwan with 2.7 percent. “If the supply of Chinese-made intermediary goods is disrupted, it will have a negative impact on Korean firms doing business in China,” the report said. “Also, it could have a negative impact on Korean exporters as China’s economy slows.” South Korea’s economic dependence on China has made it increasingly vulnerable to risks, including Beijing’s retaliation for Seoul’s decision to deploy a U.S. anti-missile system and an economic downturn in the Chinese economy, analysts said. Concerns are growing over South Korea’s export performance down the … Continue reading Virus to hit South Korea the 2nd hardest