Korea, with a highly compressed capitalist economic growth, has successfully emerged as a new middle power state in international political economic system. Especially, as Korean trade volume has reached around world 10th position since 1990s, Korea has continuously faced strong pressures from international trade system to move from protective/mercantilist trade policy toward more open/ responsible trade policy. In this situation, this research endeavors to develop a new trade model suitable and desirable to newly emerged middle power Korea. In other words, the purpose of this research lies in developing a new trade model which is suitable to middle power Korea and can promote and guarantee another round of Korean economic development in terms of both growth and distribution. In order to fulfill this purpose, this research has made a typological approach categorizing various old and new trade models into 4 types. 4 types are State/Growth model, Market/Growth model, Market/Distribution model, State/Distribution model. After concretely reviewing core contents and characteristics of 4 types of trade models, this research suggests that it is better for middle power Korea to adopt and introduce Market/Distribution model into Korean trade system.