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Korea’s Economy Volume 29

Publication: June 2014
Isabelle Mateos y Lago, Jack Joo K. Ree

Toward Further Convergence? Korea's Current Economic Prospects and Policy Challenges

The Korean economy has fared well despite the recent global market turmoil and is well positioned to benefit from the global recovery given its strong fundamentals and skilled policymaking. But the country must rebalance its economic structure if it is to continue raising its population’s standard of living in an…

Korea's Evolving Energy Strategy: A Different Shade of Green

The health and strength of Korea’s manufacturing-intensive, export-led economy remains almost entirely dependent on access to energy imports; in particular, oil from the Middle East. This continues to leave the country’s strategic outlook exposed and vulnerable. The “low carbon, green growth” vision of the previous presidential administration emphasized supply-oriented policies,…

Korea's Economic Relations with ASEAN and RCEP

Over the past twenty years, economic relations between ASEAN and Korea have evolved quite rapidly. As a result, ASEAN has now become the second largest trading partner and FDI destination for Korea. Various important institutional frameworks have also been established. The ASEAN-Korea Summit has become an annual event, and the…

Forty Years of Korea-India Diplomatic Relations and Economic Cooperation

2013 marks the 40th anniversary of diplomatic relations between the Republic of Korea (ROK) and India. This relationship, based primarily on economic cooperation, has slowed down since the 2000s in contrast to other East Asian countries and India. In particular, FDI from Korea to India has been losing its vigor,…

Kang Dae-Chang

The 40th Anniversary of Economic Relations Between Korea and Indonesia

Korea and Indonesia have developed an increasingly robust economic relationship over the past 40 years. Since the two states established diplomatic relationship in 1973, bilateral trade volume and Korean foreign direct investment (FDI) to Indonesia have increased tremendously. At present, Korea and Indonesia are influential trade partners for each other,…

The Political Economy of Trustpolitik: What is Ahead for North-South Trade and Investment?

Park Geun-hye’s Trustpolitik envisioned incremental, step-by-step exchanges, including economic ones, that would build trust. The strategy was disrupted by North Korean provocations during the first half of 2013 and had to be recalibrated. However, trade and investment have been limited not only by direct political constraints, but by the inherent…