Korea Abroad

As of June, South Korea’s gasoline prices increased 31% from last year. The country’s complete dependence on imports means that it is not only extremely sensitive to global shocks in supply but also shifts in the South Korean won’s (KRW) exchange rate. Foremost, Russia’s invasion of Ukraine negatively affected the global supply of energy. Russian…

South Korea, Japan, and the United States have pledged to deepen security cooperation in response to growing threats from North Korea. On June 11, the nations convened at a Trilateral Ministerial Meeting and issued a joint statement condemning North Korea’s provocative posture and reaffirming their commitment to nuclear non-proliferation. But this trilateral alignment repeats the…

On May 24, officials in Seoul announced that a one-star navy officer would accompany South Korea’s largest-ever fleet to the biannual U.S.-led maritime military exercise, known as the Rim of Pacific Exercise (RIMPAC). The exercise intends to “ensure the safety of major sea lines of communications and improve combined capabilities” of U.S. partners in the…

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…