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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