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1. Korea's Official Development Assistance to the Philippine Education Sector: Observations and Inputs

Author:
Inero Ancho
Publication Date:
03-2023
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
Advocating inclusive and equitable quality education (SGD 4: Quality Education) is central to sustainable development efforts anchored on collaboration and partnership that enable the policy-to-impact synergy. Agencies and institutions in various levels need to align motivations as they work towards realizing education for sustainable development (ESD). As education fuels sustainable development, school access and completion need to be prioritized, as wealth inequality and gender gap are eliminated. Human capital investment involves the provision of relevant and responsive education systems and training. These mechanisms enable an individual to be productive and contribute to positive outcomes, improved standard of living, and potential gains. As a core element to growth and poverty reduction, human capital suggests implementing significant and concrete progress in core education indices. Further, sustained economic growth, increased productivity value, and favorable social returns are manifested outcomes at the macro level. This paper looks at the ODA from Korea to the Philippines in the context of education. The discussion will be anchored on the Philippine Development Plan and AmBisyon Natin 2040 as roadmaps reflecting the aspirations of every Filipino of having a strongly rooted, comfortable, and secured life.1 Observations and inputs will be offered to ensure effective ODA and provide focus and ways forward towards access to and quality of education, along with programs and projects that contribute into any meaningful development of the Philippine economy.
Topic:
Development, Education, Economy, Human Capital, and Sustainability
Political Geography:
Asia, South Korea, and Philippines

2. Strengthening Regional Value Chain between India and South Korea: Emerging Opportunities for Trade and Investment Cooperation

Author:
Durairaj Kumarasamy
Publication Date:
03-2023
Content Type:
Working Paper
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
The changing dynamics of supply chains and their impact on shaping international relations in East Asia have become crucial issues for scholars and policymakers. Asia’s two major economies, India and South Korea, are reassessing their strategy on the changing dynamics of the supply chain. India is to redesign its developmental strategy to establish India-centric supply chains in key industries. India has stressed its endeavour to become a self-reliant economy by introducing a highly ambitious Production-Linked Incentive (PLI) scheme to attract FDI in strengthening and establishing the supply chain linkages in India, whereas South Korea has adopted a strategy to mitigate supply chain-related risk through greater emphasis on developing strong self-reliance and promoting economic diversification by enhancing its economic ties with India. In addition, the pandemic-induced supply chain disruptions further reinforced South Korea toward diversification and resilience of its supply chain. South Korea’s development experience and deep investment relations with India can explore the untapped potential of bilateral trade and investment linkages. To ensure supply chain resilience both India and South Korea focus on critical sectors such as semi-conductors, steels, secondary batteries and chemicals, along with new technology areas like AI, 6G, Digital Infrastructure and renewable energy for cooperation. In this regard, the study explores the trade and investment relationship between India and South Korea and identifies the potential sectors to engage in the sustainable value chain between them.
Topic:
Investment, Trade, Economic Cooperation, Supply Chains, and Value Chains
Political Geography:
South Asia, India, Asia, and South Korea

3. Developing ODA Evaluation Methodology for Technical Cooperation

Author:
Eunsuk Lee and Hyemin Yoon
Publication Date:
03-2023
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
As the volume of Korea's official development assistance (ODA) expands, the demand for systematic management of evaluations and improvement of their usefulness is increasing. This study focuses on developing evaluation methodology for technical cooperation (TC) which is an important part of Korea’s ODA. Based on the case studies of six multilateral organizations and four bilateral development agencies, we draw lessons for Korean ODA agencies in terms of selection criteria, types, and methodological aspects of evaluation of technical cooperation and propose a four-step project management and evaluation mechanism for TC activities.
Topic:
Development, Economics, Science and Technology, and Management
Political Geography:
Asia and South Korea

4. Does Institutional Quality Matter to Korean Outward FDI? A Gravity Model Analysis

Author:
Muhammad Akhtaruzzaman
Publication Date:
01-2023
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
According to Korea’s Ministry of Knowledge Economy (currently the Ministry of Trade, Industry and Energy), foreign investment has now become one of the major economic pillars driving the Korean economy over the past 15 years (Tang 2022). The Korean economy started to open up to rest of the world following the Asian financial crisis in 1997 and was the biggest FDI policy reformer among 40 developed and emerging economies over the period from 1997 to 2010 (Nicolas et al. 2013). Over the last decade, Korea’s outward FDI grew much faster than inward FDI (See Figure 1) and Korea is now a net capital exporter to the world. In 2021, Korea’s outward FDI flows totaled $76.64 billion and a total of 2323 Korean enterprises invested in overseas countries (Korea EXIM Bank 2022). Due to this increased amount of outward FDI, a large number of studies (Kim and Rhee 2009; Park and Jung 2020) investigated what determines Korea’s outward FDI (OFDI). Institutional quality is found to be a major determinant in FDI literature in general. It suggests that political risk (lack of/poor institutional quality) not only deters FDI inflows to host countries but also can lead FDI to countries with higher risks and to ‘pollution heaven’ which might have an adverse impact on long term growth and development in both host and home countries. There are strong empirical evidences in literature that lack of institutional quality or good governance is associated with lower FDI inflows. An extensive literature (Alfaro et al. 2008; Ali et al. 2010; Akhtaruzzaman et al. 2017; Bénassy‐Quéré et al. 2007) investigated FDI response to various types of institutional quality in FDI host countries. Over the last 20 years data evidenced that Korea’s OFDI flowed to developing countries with a sustained large gap existing in institutional quality between host countries and Korea (See, Fig 2 top panel); however; those countries had been offering a higher degree of capital account openness. A sharp increase in capital account openness since the early 2000s coincides with sharp increase in Korea’s OFDI to those host countries. For example, Peru was the least open economy and started to initiate measures to open capital account since the mid-90s and early 2000s. The degree of openness in Peru is now similar to that of developed countries. On the other hand, Peru is one of the least progressed countries in terms of institutional quality over the same period of time. This slow or no progress in institutional quality is a common pattern of institutional improvement for a large sample of host countries of Korea’s OFDI (see, Figure 2). However, those developing countries including Peru are regular destinations of a substantial amount of Korea’s OFDI. Does this suggest that institutional quality of host country does not matter to Korean investors, or is there a 3rd factor mitigating the impact of institutional quality on Korea’s OFDI? Few studies on Korea’s OFDI considered institutional quality of host country as a control variable instead of main determinant of FDI (Park and Jung 2020). However, existing studies do not explain why Korea’s OFDI flowed to countries with a large gap in institutional quality between Korea and host countries. This research fills the gap in the literature of Korea’s OFDI. The findings of this research suggest that high degree of capital account openness (a factor that ensures profit repatriation of investors) weakened the negative impact of poor institutional quality in host countries on Korea’s OFDI. The remaining of this paper is organised as follows. Section II reviews relevant literature of FDI and identifies major determinants for Korea’s OFDI from existing studies; Section III discusses research method and empirical issues; Section IV presents the research findings; Section V concludes the research, points to the research limitations, and provides policy recommendations.
Topic:
Economics, Foreign Direct Investment, Institutions, and Knowledge Economy
Political Geography:
Asia and South Korea

5. Analysis of India's New and Renewable Energy Market and Policies and Implications for Korea-India Cooperation

Author:
Hyoungmin Han
Publication Date:
02-2023
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
The importance of new and renewable en-ergy has been drawing attention since the Paris Climate Agreement was adopted in 2015. In response to the Paris Climate Agreement, the Korean government declared carbon neutrality by 2050 and announced policy plans to create a low-carbon ecosystem in 2020. However, the domestic new and re-newable energy market is limited, making it difficult to mass-produce power generation devices. In addition, the international community's transition to a low-carbon ecosys-tem is rapidly taking place. To achieve 2050 carbon neutrality, it is necessary to secure Nationally Determined Contributions (NDC) through various overseas cooperation pro-jects. Thus, it is believed that energy cooperation with developing countries is needed to expand domestic markets and to achieve overseas NDC reduction targets. Considering India's recent market expansion and active policy in the area of renewable energy, India can be a good partner for Korea in the renewable sector. To have a clear understanding of India’s renewable energy market, we conduct the analysis on India’s renewable energy market and policy, which we will explore in this article.
Topic:
Climate Change, Treaties and Agreements, Renewable Energy, and Cooperation
Political Geography:
South Asia, India, Asia, and South Korea

6. Network and Text Analysis on Digital Trade Agreements

Author:
Kyu Yub Lee, Cheon-Kee Lee, Won Seok Choi, Jyun-Hyun Eom, and Unjung Whang
Publication Date:
02-2023
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
We use the Trade Agreements Provisions on Electronic Commerce and Data and their corresponding texts to undertake network and text analysis on trade agreements with digital trade chapters to identify which countries are important in the network and how similar or different their texts of digital trade chapters are. centrality values reflect which countries are influential in the network, while values of similarity assess the level of similarity between the texts of digital trade chapters concluded by these countries. Centrality and similarity are complementary in assessing the relative positions of countries in the network, where the number of linkages between countries is significant in centrality and the quality of digital trade chapters is critical in similarity. We interpret this to mean that a country with a high degree of centrality is likely to be a rule-promoter in the network, whereas a country with a high degree of similarity is likely to be a rule-maker. The brief highlights three key findings from network and text analysis of digital trade agreements: (1) The U.S. has been the best rule-maker but not the best rule-promoter, whereas Singapore has been the best rule-promoter but not the best rule-maker. (2) China is a rule-maker, but to a weaker extent than the U.S., and Korea is a rule-promoter, although it is less active than Singapore. (3) Japan and Australia have served as both rule-makers and rule-promoters. Identification of countries’ relative positions in the network of digital trade agreements would be useful at the start of talks on digital trade policy.
Topic:
Science and Technology, Treaties and Agreements, Digital Economy, and Trade
Political Geography:
Japan, China, South Korea, Australia, and United States of America

7. China's Green Transition Policies and Its Implications for Korea

Author:
Won Seok Choi
Publication Date:
02-2023
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
In China, carbon emissions from the energy and heat producing sector account for 53.4% of total emissions, with industry (28.6%) and transportation (8.9%) being the main carbon emission sectors. Therefore, various green transition policies in energy, industry and transportation are being pursued in Chinese cities. In Chinese cities, the promotion of rooftop-distributed photovoltaic power generation, among renewable energy sources, is evaluated to be capable of intensive development, reducing power peak load, and inducing residents to consume green energy. Policies are being implemented in urban industries to reduce pollution and carbon emissions, increase energy use efficiency, improve resource use levels, and improve green manufacturing systems. In the transportation sector, China's policies to reduce emissions, expand the supply of new energy vehicles, and strengthen green transportation technology are representative. Consequently, this study summarizes the policy implications, areas of Korea-China cooperation, and risk factors of China's green transition promotion plan for its Chinese cities.
Topic:
Transportation, Industry, Carbon Emissions, Energy, and Green Transition
Political Geography:
China, Asia, and South Korea

8. Strategies of Multinational Companies Entering China in the Era of U.S.-China Competition and Implications for Korea

Author:
Sang Baek Hyun, Ji Young Moon, Min-suk Park, Jonghyuk Oh, and Yunmi Oh
Publication Date:
03-2023
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
With the integration of resources and markets around the world sparked by the trend of globalization, multinational companies have continued to grow at a rapid pace. In particular, global manufacturers have maintained their competitiveness by distributing resources more efficiently while establishing a global value chain with China as their main production hub. However, measures taken by the U.S. to block China’s access to technology and supply chains in some high-tech industries have prompted discussions on reorganization of the global supply chain, placing these multinational companies in an uncertain situation concerning their operations in China. At a time when competition between the U.S. and China is intensifying, it is necessary to look at the response strategies of global companies that have entered China and seek effective countermeasures for Korean companies.
Topic:
Economics, Multinational Corporations, Manufacturing, and Competition
Political Geography:
China, Asia, South Korea, North America, and United States of America

9. Using Risk Analysis to Shape Border Management: A Review of Approaches during the COVID-19 Pandemic

Author:
Kelley Lee, Julianne Piper, and Jennifer Fang
Publication Date:
01-2023
Content Type:
Special Report
Institution:
Migration Policy Institute (MPI)
Abstract:
The near universal adoption of travel measures by governments to control the spread of COVID-19 has proved controversial during the pandemic. National responses have been highly varied and frequently changing, and the use of travel measures—ranging from advisories and screening to quarantine, testing, immunity certification, and restrictions on entry—has been poorly coordinated across jurisdictions. Particularly in the early stages of the crisis, this created chaos for travelers and the travel sector, and caused significant economic and social harms. Many governments also failed to clearly communicate the rationale for using travel measures, the evidence underpinning them, and the measures’ role within overall pandemic response strategies. There is now substantial evidence that these measures’ early and stringent use by some governments during the initial stages of the pandemic slowed the importation of the virus and reduced its onward transmission. Yet, there is also growing recognition of weaknesses in the quality of evidence available to inform policy decisions. Evaluating the appropriateness of travel measures and applying them effectively during future public-health emergencies will depend on international consensus on methodologies that lead to a more harmonized and coordinated approach and to greater public trust in policy decisions. This report presents a comparative analysis of 11 publicly available methodologies used to assess travel-related risks during the pandemic—those of Hong Kong, New Zealand, South Korea, Taiwan, United Kingdom, United States, International Civil Aviation Organization, International Air Transport Association, World Health Organization, Organization for Economic Cooperation and Development, and European Union. It offers a set of lessons learned and recommendations, including a proposed decision instrument that could improve the use of risk analysis for border management during future public-health emergencies.
Topic:
Security, International Cooperation, International Organization, Governance, Border Control, and COVID-19
Political Geography:
United Kingdom, Taiwan, South Korea, New Zealand, Hong Kong, Global Focus, and United States of America

10. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

11. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

12. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

13. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

14. The Technology Policies of Digital Middle Powers

Author:
Alice Pannier
Publication Date:
02-2023
Content Type:
Special Report
Institution:
Institut français des relations internationales (IFRI)
Abstract:
Digital technology is an element of power in the international system as well as an area for competition among countries. Considering the economic weight and political voluntarism of the U.S., China, and the EU, those three poles of power have received a lot of attention when it comes to their technology policies. This study aims to shift our gaze toward countries outside of the trio. Digital middle powers are those countries that are caught in the middle of the power play in an emerging multipolar international system where digital technology is a determining factor of power. It also refers to countries with established or growing clout in digital technology, and which are regional leaders or global ones in certain sectors. The study provides a qualitative comparison of the technology policies of nine of the digital middle powers: Brazil, India, Israel, Japan, Kenya, Nigeria, Russia, South Korea, and the United Kingdom. It seeks to reflect the diversity of national technology policies, as well as to identify those countries’ convergences and divergences with Europe, the United States, and China. Each case study introduces national technology and digital innovation ecosystems, data policies, and the state of digital infrastructure. These elements serve to examine the strengths of the country’s private sector in technology, the government’s regulatory capacity, and the degree of digital development. The chapters then look at how the digital domain is embedded in the broader dynamics of their bilateral relations with the U.S., the EU, and China. A first conclusion is that digital middle powers can usefully be differentiated between rising digital powers and established ones. Established digital powers have well-developed ecosystems, regulations, and infrastructure, but they are all having to renew and re-focus their technology policies to remain relevant. By contrast, rising digital powers tend to have budding ecosystems in digital services and mobile applications, and large ongoing infrastructure development projects, albeit with limited or patchy regulatory capacity. When it comes to foreign relations, the study confirms well-identified trends whereby the EU’s influence occurs chiefly through the elaboration of norms; the U.S.’s via the strength of its digital services and private sector investment, as well as strong bilateral security ties; while China’s growing influence is underpinned by large infrastructure projects. All the countries studied are attempting to balance their relationships with U.S., China, and the EU. None, save for Russia, has outrightly “picked a side” and severed ties with one or two of the blocs.
Topic:
Science and Technology, Strategic Competition, 5G, and Middle Power
Political Geography:
Kenya, Russia, Japan, United Kingdom, India, Israel, South Korea, Brazil, and Nigeria

15. South Korea and IPEF: Rationale, Objectives and the Implications for Partners and Neighbors

Author:
Jaewoo Choo
Publication Date:
02-2023
Content Type:
Working Paper
Institution:
Institut français des relations internationales (IFRI)
Abstract:
As a key manufacturer of high-end technology components critical to the sustainability of the Fourth Industrial Revolution, South Korea is essential in any effort to rebuild a resilient global supply chain but also to the promotion of a clean economy. South Korea can thus contribute to two of the pillars of IPEF (Indo-Pacific Economic Framework), specially to pillars II and III (supply-chain resilience and a clean economy). However, as the US executive and legislative branches intensify their hawkish approaches to China, they have not given much consideration to the possible damage they will inflict on the strategic interests of some of their allies. In particular, they have not fully considered Korean factors when legislating on bills such as the Inflation Reduction Act (IRA). This paper argues that allies such as South Korea and France must make the White House and US legislature aware of the external consequences of their decisions and behavior, and that they must cooperate within the confines of US-led strategic initiatives.
Topic:
Science and Technology, Economy, Supply Chains, and Semiconductors
Political Geography:
China, Asia, South Korea, and United States of America

16. Reshuffling Value Chains - South Korea as a Case Study

Author:
Françoise Nicolas
Publication Date:
04-2023
Content Type:
Working Paper
Institution:
Institut français des relations internationales (IFRI)
Abstract:
Despite all the talks about the reshuffling of value-chains and the trend to a form of industrial “Desinicization” (or decoupling/disengagement from China), the example of South Korea does not vindicate such assertions. The expansion of Korean direct investment in neighboring countries such as China and the Association of Southeast Asian Nations (ASEAN) remains a reality and it has not changed in any fundamental way over the past two decades. South Korean companies’ decisions to locate in one country rather than another are still very much based on cost factors, even if security considerations are increasingly factored in. Similarly, reshoring, which has been high on the South Korean government’s agenda for a long time, remains a marginal phenomenon for South Korean companies, despite the incentives provided. Rather than the relocation of production (in the form of reshoring or nearshoring) South Korean companies have turned to more unexpected options, such as the development of complementarity-based partnerships or vertically-integrated production networks with commodity suppliers, as in the case of the production of rare earth-based magnets. Such a strategy is likely to become more popular in the future, as it nicely combines economic and security considerations. Without a doubt, due to the highly politicized nature of the technology involved, the semiconductor industry is the one undergoing the most significant changes. In a context of rising Sino-US rivalry, the US has ramped up pressures on China with far-reaching consequences, leading South Korean semiconductor companies (with the support of the government) to engage in a strategy combining relocation to the US and onshoring in South Korea. While the economic logic is likely to prevail in most sectors thus limiting the scope for supply chain reshuffling, the examples of the semiconductor and rare earth-based magnets suggest that important changes can still be expected in the future in industries that are deemed strategic.
Topic:
Foreign Direct Investment, Supply Chains, Value Chains, and Semiconductors
Political Geography:
China, South Korea, North America, and United States of America

17. South Korea: Basic data

Publication Date:
11-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Summary, Basic Data, Economy, and Background
Political Geography:
South Korea

18. South Korea: Country outlook

Publication Date:
11-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, Outlook, Forecast, and Overview
Political Geography:
South Korea

19. South Korea: Briefing sheet

Publication Date:
11-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Politics, Summary, Outlook, and Briefing sheet
Political Geography:
South Korea

20. South Korea: Economic structure

Publication Date:
11-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, Economic structure, Charts and tables, and Monthly trends charts
Political Geography:
South Korea

21. South Korea: Political structure

Publication Date:
11-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Politics, Summary, and Political structure
Political Geography:
South Korea

22. South Korea: Country fact sheet

Publication Date:
11-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Summary, Economy, Background, and Fact sheet
Political Geography:
South Korea

23. South Korea: Country forecast summary

Publication Date:
11-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Summary, Economy, 5-year summary, and Key indicators
Political Geography:
South Korea

24. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

25. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

26. South Korea: Political forces at a glance

Publication Date:
05-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Politics, Summary, Background, and Political forces at a glance
Political Geography:
South Korea

27. EU-South Korea Extend Cooperation Beyond the Economy

Author:
Oskar Pietrewicz
Publication Date:
06-2023
Content Type:
Working Paper
Institution:
The Polish Institute of International Affairs
Abstract:
The 10th EU-Republic of Korea Summit, held on 22 May in Seoul, reaffirmed the importance of South Korea as a critical Asian partner of the Union. The meeting also signalled the growing importance of security issues in bilateral relations. South Korea shares the EU’s assessment of Russian aggression against Ukraine and intends to continue to support the invaded country, but not with supplies of military equipment for now. The announcement of a “green” partnership indicates both sides’ willingness to engage in other areas of cooperation, which also will benefit the development of Polish-South Korean relations.
Topic:
Security, International Cooperation, Bilateral Relations, and European Union
Political Geography:
Europe, South Korea, and Poland

28. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

29. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

30. South Korea: Political forces at a glance

Publication Date:
05-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Politics, Summary, Background, and Political forces at a glance
Political Geography:
South Korea

31. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

32. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

33. South Korea: Political forces at a glance

Publication Date:
05-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Politics, Summary, Background, and Political forces at a glance
Political Geography:
South Korea

34. One Thing It Lacks: South Korea’s North Korea Policy in 2023 National Security Strategy

Author:
Yang Gyu Kim
Publication Date:
06-2023
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Yang Gyu Kim, Principal Researcher at the East Asia Institute, conducts a critical analysis of the new National Security Strategy published on June 7, 2023 and offers policy recommendations for the ROK government’s DPRK policy outlined in the document. While Kim identifies with the National Security Office’s emphasis on strengthening deterrence measures against growing DPRK nuclear and missile threats, he highlights that South Korean countermeasures create a feedback loop that affects North Korea’s threat perception. The author, therefore, points out the limits of the current 3D (Deterrence, Dissuasion, Dialogue) approach and recommends including a “Development” strategy to encourage Pyongyang to envision an alternative future path of prosperity and voluntarily take the denuclearization path.
Topic:
Development, National Security, Deterrence, Dialogue, and Threat Perception
Political Geography:
Asia, South Korea, and North Korea

35. The South Korea-U.S. Summit and Measures to Enhance Bilateral Cooperation on North Korea

Author:
Jechun Kim
Publication Date:
05-2023
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Jechun Kim, a professor at Sogang University, points out that the Biden administration appears to prioritize competition with China, the Taiwan issue, and the Ukraine War, despite the growing threat posed by North Korea’s nuclear and missile capabilities. In response, Kim underlines the importance of issuing a “2023 US-ROK Joint Statement on North Korea” after President Yoon’s visit to the White House. Given the fading interest and support for the reunification of the Korean Peninsula, Professor Kim emphasizes the significance of addressing the rapid advancement in DPRK’s nuclear capabilities. He then suggests that South Korea needs to create a conducive environment for peaceful reunification through strong support from the U.S. for the “Audacious Initiative.”
Topic:
Diplomacy, International Cooperation, Nuclear Weapons, Bilateral Relations, and Denuclearization
Political Geography:
Asia, South Korea, North Korea, North America, and United States of America

36. Pyongyang in Search of a New Cold War Strategy

Author:
Jihwan Hwang
Publication Date:
04-2023
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Jihwan Hwang, a professor at the University of Seoul, predicts that the strengthening alliance between North Korea, China, and Russia could enable North Korea to overcome its international isolation, weakening the influence of the US-South Korea alliance and increasing China’s leverage over the Korean Peninsula. Dr. Hwang points out that even without the establishment of a new Cold War order, the strengthened cooperation among the authoritarian regimes will pose a significant strategic challenge to South Korea. As Seoul’s approach to Pyongyang has been based on a unipolar system led by Washington, Dr. Hwang highlights the need for South Korea to explore new approaches to address the changing security environment.
Topic:
Security, Foreign Policy, Bilateral Relations, Alliance, and Russia-Ukraine War
Political Geography:
Russia, China, Ukraine, Asia, South Korea, and North Korea

37. North Korea’s Outlook on the New Cold War

Author:
Won Gon Park
Publication Date:
03-2023
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Won Gon Park, Chair of the EAI Center for North Korean Studies (Professor at Ewha Womans University), argues that North Korea utilizes its “new Cold War” rhetoric for two objectives: 1) to criticize US military buildup and its DPRK policy, and 2) to enhance the legitimacy of its possession of nuclear weapons by exploiting the geopolitical competition. Further, he claims that North Korea characterizes the Cold War as a clash between liberalism and authoritarianism in an effort to appeal to and garner support from China and Russia. However, Dr. Park assesses that while North Korea, Russia, and China may temporarily cooperate against the US as their common enemy, the nature of their “political marriage of convenience” complicates the likelihood of a sustained alliance. Finally, Dr. Park predicts that the new Cold War system that Pyongyang envisions is unlikely to come to fruition.
Topic:
International Relations, Alliance, Kim Jong-un, and Multipolarity
Political Geography:
Asia, South Korea, and North Korea

38. China’s Stance on North Korea’s “New Cold War” Narrative

Author:
Dong Ryul Lee
Publication Date:
02-2023
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Dong Ryul Lee, Chair of the China Research Center at EAI (Professor at Dongduk Women’s University), highlights that although China and North Korea might seem to have a close relationship, Beijing maintains a reserved stance regarding the North’s perspective on its strategic value amid the US-China competition. Professor Lee explains that Xi Jinping prioritizes political stability by boosting the economy and tries to avoid a full-scale confrontation with the US. Accordingly, China seeks to manage the risk spurred on by Pyongyang’s military provocations, given that they legitimize stronger US-Japan-ROK trilateral security cooperation.
Topic:
International Relations, Security, Cold War, Xi Jinping, and Strategic Competition
Political Geography:
China, Asia, South Korea, and North Korea

39. Re-Declared “Frontal Breakthrough”: North Korea’s Nuclear First Line in 2023 and Its Limitations

Author:
Walter G. Park
Publication Date:
02-2023
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Won Gon Park, Chair of the EAI Center for North Korean Studies (Professor at Ewha Womans University) stresses that North Korea's persistence to pursue its nuclear-first line will lead Pyongyang to a severe crisis as the line would cripple its economy while boosting the U.S. efforts to establish enhanced alliance security cooperation based on the concept of "integrated deterrence." Dr. Park suggests that the South Korean government establishes measures to assist North Korea's transition to an "economy first" state and to prepare an innovative measure that could guarantee the survival of the regime while not jeopardizing the national security of South Korea.
Topic:
International Relations, Security, Nuclear Weapons, and Denuclearization
Political Geography:
Asia, South Korea, and North Korea

40. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

41. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

42. South Korea: Political forces at a glance

Publication Date:
05-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Politics, Summary, Background, and Political forces at a glance
Political Geography:
South Korea

43. The Pathway to an Effective ETS and Power Market Interaction: The Case of the Korean ETS

Author:
Alistair Ritchie
Publication Date:
03-2023
Content Type:
Working Paper
Institution:
Asia Society
Abstract:
The power sector is one of the most important areas to cover in any emissions trading system (ETS), due to the scale and abatement potential of greenhouse gas (GHG) emissions in that sector. However, some critical challenges need to be overcome before an ETS can fulfil its emissions-reduction potential by driving fuel switching away from coal and toward renewables and low-carbon fuels. This is one of the most important topics for ETS development in Asia given the tight controls on power markets. The case of the Korean ETS (K-ETS) provides valuable insights for the pathway to an effective interaction between an ETS and the power market to support power sector decarbonization, based on recent developments and potential next steps. The Pathway to an Effective ETS and Power Market Interaction: The Case of the Korean ETS describes the details of recent developments in Korea's power market and the emission trading system to address insufficient emission reductions in the power sector, key future developments required, and learning points for ETSs in other Asian jurisdictions.
Topic:
Energy Policy, Markets, Carbon Emissions, and Decarbonization
Political Geography:
Asia and South Korea

44. Outsiders Wanting In: Asian States and Arctic Governance

Author:
Calvin Heng and Eyck Freymann
Publication Date:
07-2023
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
The strategic interests of Asian countries in the Arctic continue to grow despite the disruptions of the COVID-19 pandemic and the geopolitical fallout of Russia’s invasion of Ukraine. China and India have their eye on Russia’s Arctic energy resources, and China is further seeking to leverage Russian weakness to expand its operational presence in the Arctic Ocean. Japan, South Korea, and Singapore are less prominent in Arctic regional institutions, yet they have distinctive interests in Arctic science, governance, and resources and are resuming dialogue about Arctic matters amongst themselves. This policy brief reviews the key differences in how Asian states are approaching the Arctic through a survey of their strategic documents, public statements, and diplomatic and commercial activities.
Topic:
Governance, Multilateral Relations, Strategic Interests, and Regional Politics
Political Geography:
Japan, China, India, Asia, South Korea, Singapore, and Arctic

45. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

46. Global business environment improves

Publication Date:
04-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Economy, 5-year summary, and Forecast
Political Geography:
Pakistan, Bangladesh, Kenya, Japan, China, Indonesia, Malaysia, Turkey, Ukraine, Canada, India, Israel, Finland, Kazakhstan, Norway, Greece, South Korea, Kuwait, France, Poland, Lithuania, Libya, South Africa, Brazil, Argentina, Philippines, Sri Lanka, Colombia, Germany, Estonia, Algeria, Cuba, Belgium, Denmark, Saudi Arabia, Azerbaijan, Serbia, Bulgaria, Romania, Hungary, Spain, Australia, Italy, Dominican Republic, Croatia, Switzerland, Sweden, Latvia, Egypt, Mexico, Nigeria, Jordan, Netherlands, Portugal, Ireland, Morocco, Bahrain, Qatar, Singapore, Thailand, Tunisia, Costa Rica, Chile, Austria, Angola, Peru, New Zealand, Hong Kong, United Arab Emirates, Ecuador, Czech Republic, El Salvador, Cyprus, Slovenia, Slovakia, United States of America, UK, Iran, Islamic Republic of, Russian Federation, Taiwan, Province of China, Venezuela, Bolivarian Republic of, and Viet Nam

47. South Korea: Political forces at a glance

Publication Date:
05-2023
Content Type:
Country Data and Maps
Institution:
Economist Intelligence Unit
Abstract:
No abstract is available.
Topic:
Politics, Summary, Background, and Political forces at a glance
Political Geography:
South Korea

48. ROK-US Alliance: Linchpin for a Free and Open Indo-Pacific

Author:
Rob York, Chloe Clougher, Julian Gluck, Jaeeun Ha, and Lindsay Horikoshi
Publication Date:
06-2023
Content Type:
Working Paper
Institution:
Pacific Forum
Abstract:
The US-ROK alliance in 2023 celebrates its 70th anniversary, and in both countries remains broadly popular. Previous doubts that both countries have had about the other’s commitment have largely given way to a sense of shared opportunities, and shared challenges. Not only is there an ever-more belligerent North Korea, with its growing nuclear and missile arsenals, but the People’s Republic of China uses both military and economic means to coerce other countries and Russia has demonstrated a willingness to upend norms, redraw borders, and dare former partners (including Seoul) to risk its ire. This is also an era of the minilateral, as the US seeks to move past its previous hub-and-spokes alliance system in Asia and draw its partners into closer cooperation. South Korea, especially under its current administration, demonstrates increased interest in becoming a regional player, with its recent gestures toward old frenemy Japan representing a key test: historical differences between the US’ two closest partners have prevented a “normal” relationship from emerging despite many similarities in political systems, values, and interests, and Korean public opinion remains skeptical of the Seoul-Tokyo rapprochement. Furthermore, there is always a chance that issues complicating US-ROK relations in the past—conduct by US military personnel in Korea, trade disputes, environmental concerns related to US bases—could resurface. All of these issues present challenges for the alliance that will require addressing. In that light, the Pacific Forum, with the generous support of the Korea Foundation, has launched the “ROK-US Next Generation Leaders Initiative” program, bringing together young burgeoning scholars and analysts from both countries to discuss pressing issues in the alliance the way forward. This edited volume contains edited papers on pressing topics—extended deterrence, North Korea, China, Russia, Japan, and much more—by rising scholars we expect to see addressing these issues in the years to come. Their active engagement, we believe, will help the alliance endure another 70 years, will providing for the security and prosperity of both countries.
Topic:
Foreign Policy, Bilateral Relations, Alliance, and Regional Security
Political Geography:
South Korea, North America, United States of America, and Indo-Pacific

49. The Return of Shuttle Diplomacy

Author:
Ji-Young Lee and Andy Lim
Publication Date:
05-2023
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Pacific Forum
Abstract:
In March 2023, Japan and South Korea had a long-awaited breakthrough in their bilateral relations, which many viewed as being at the lowest point since the 1965 normalization. On March 16, South Korean President Yoon Suk Yeol and Japanese Prime Minister Kishida Fumio held a summit in Tokyo and agreed to resume “shuttle diplomacy,” a crucial mechanism of bilateral cooperation that had been halted for about a decade. Behind the positive developments was President Yoon’s political decision on the issue of compensating wartime forced laborers. The two leaders took steps to bring ties back to the level that existed prior to actions in 2018 and 2019, which precipitated the downward spiral in their relationship. Japan decided to lift the export controls it placed on its neighbor following the South Korean Supreme Court ruling on forced labor in 2018. South Korea withdrew its complaint with the World Trade Organization on Japan’s export controls. Less than a week after the summit, Seoul officially fully restored the information sharing agreement (GSOMIA) that it had with Tokyo. They also resumed high-level bilateral foreign and security dialogues to discuss ways to navigate the changing international environment together as partners. The big question now is whether this trend of restoring and expanding bilateral cooperation would continue throughout and beyond the Yoon presidency. In South Korea, critics argue that his handling of the forced labor issue is not a lasting solution to historical issues with Japan. The breakthrough was not a product of any major change in South Korean public sentiment toward Japan’s past wrongdoings. Nor was it a product of changes in the Japanese position on outstanding bilateral historical and territorial issues. Both the Japanese and South Korean governments, however, feel the urgent need to cooperate for their own national security, and for economic reasons. Whether the advances in the first four months of 2023 will be short-lived or the start of a new partnership and reconciliation will likely depend on how much understanding they both show in seeing things from the other’s perspective and how willing they will be in accommodating the other’s political needs.
Topic:
Foreign Policy, Diplomacy, Bilateral Relations, and Partnerships
Political Geography:
Japan, Asia, and South Korea

50. Deepening Suspicions and Limited Diplomacy

Author:
Scott Snyder and See-Won Byun
Publication Date:
05-2023
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Pacific Forum
Abstract:
China and South Korea began 2023 with the temporary imposition of tit-for-tat restrictions by both governments on travel to the other country after China lifted its zero-COVID policy. Although the restrictions proved temporary, they pointed to the reality of a sustained downward spiral in China-South Korea relations accompanied by increasingly strident public objections in Chinese media to the Yoon Suk Yeol administration’s steps to redouble South Korean alignment with the United States regarding Indo-Pacific strategy, supply chain resiliency, and shared values. South Korean Minister of Foreign Affairs Park Jin’s congratulatory call to newly appointed Chinese Minister of Foreign Affairs Qin Gang on Jan. 9 was one of the few positive senior-level interaction between the two countries in early 2023; by the end of April, the main diplomatic interactions between China and South Korea had devolved into a dueling exchange of private demarches and public assertions that the other side had committed a “diplomatic gaffe.” As Yoon took steps to strengthen South Korean ties with NATO, stabilize relations with Japan, and upgrade efforts with the US to deter North Korea from continued nuclear development, Chinese criticisms of South Korea became increasingly ominous. They culminated in a stern Chinese diplomatic response to Yoon’s interview with Reuters on April 19 in which he characterized a possible cross-strait conflict between mainland China and Taiwan as a global security issue. Meanwhile, the 75th founding anniversary of North Korea’s Korean People’s Army (KPA) in February and China’s National People’s Congress (NPC) confirming Xi Jinping’s third term as president in March drove symbolic exchanges of support between Chinese party-state and military leaders and their North Korean counterparts. The continued lack of a unified UN response to North Korean missile provocations renewed calls for Chinese “responsibility” and “influence” and Beijing’s reassertions of Pyongyang’s own “insecurity.” The arrival of Chinese Ambassador to North Korea Wang Yajun in Pyongyang, delayed for two years following his appointment due to pandemic-related quarantines, may presage a broader opening for China-North Korea humanitarian exchanges alongside concerns about North Korea’s ongoing military development.
Topic:
Foreign Policy, Diplomacy, Bilateral Relations, Trade, and Regional Politics
Political Geography:
China, Asia, and South Korea