The present article contributes to the existing literature by applying the NARDL approach of Shin et al. (2014) to investigate the asymmetric impacts of exchange rates on the bilateral exports and imports of 33 industries between South Korea and China. We demonstrate that there is evidence that fluctuations of the real South Korean won (KRW) to Chinese yuan (CNY) exchange rate have asymmetric impacts on some, though not all, types of South Korea’s exporting and importing industries in both the long- and short-run. Additionally, the asymmetric impacts appear to be an industrial-specific phenomenon.

中文翻译：

---

韩中贸易与双边实际汇率：来自33个行业的不对称证据

本文通过应用 Shin 等人的 NARDL 方法对现有文献做出贡献。(2014) 调查汇率对中韩33个产业双边进出口的不对称影响。我们证明，有证据表明，实际韩元 (KRW) 对人民币 (CNY) 汇率的波动对韩国的一些（但不是全部）类型的长期和短期进出口行业产生不对称影响-跑步。此外，不对称影响似乎是一种特定于行业的现象。