Korea-Russia economic relations are redolent of Ricardo’s classic observations about trade between Britain and Portugal in the mid-19th century, which generated the very concept of comparative advantage. Korea is an advanced industrial state with a deep manufacturing base and far-flung global production networks. Russia relies heavily on the export of raw materials, and by no…
May 18, 2022
On May 2, South Korea and Norway kicked off the annual defense industry cooperation talk in Seoul with a focus on Oslo’s prospective acquisition of Korean tanks. Both players hope to also deepen bilateral and regional cooperation through joint defense research. This is representative of Korea’s broader effort to play a bigger role in the…
May 9, 2022
Korean firms dominate 30% of the global electric vehicle battery market. But with the procurement of key raw material inputs for these batteries threatened by geo-strategic rivalries, the government and manufacturers are pushing to diversify both sourcing and processing of minerals like cobalt, nickel, and lithium. In February, the Australian government signed a “Memorandum of…
May 2, 2022
In this series, S. Nathan Park examined the much-caricatured South Korean liberal foreign policy outlook. Far from being “anti-American” and “pro-Pyongyang,” Seoul’s liberal administrations have responded forcefully against provocations from the North and bolstered the alliance with the United States through military deployments abroad and a bilateral free trade agreement. Reflecting their reading of Korea’s…