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Korea’s ‘Economy-Security Strategy’ and the Indo-Pacific Economic Framework
Published August 4, 2022
Publication Source: IFANS
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To establish the goals and direction of a Korean-version economic security strategy in the face of rapid external environmental changes, this article employs a SWOT analysis based on Korea’ s economic and security identity.

Economic security, the Indo-Pacific Economic Framework (IPEF), and so-called ‘Chip 4’ are some of the most hotly-debated topics amongst global pundits. In fact, these issues are closely linked to one another. IPEF and Chip 4 are relatively new concepts, owing largely to a rapidly changing uncertain environment. Economic security is also an important component of navigating a rapid long-term structural change. As a result of the change, we are witnessing the emergence of new economic security issues. For this reason, comprehending an overarching kernel encompassing a wide range of issues is critical. Therefore, rather than a piecemeal approach, this article will investigate an ideal path forward for Korea’s economy-security strategy – a strategy that allows for a principled, consistent response to various economic security issues that are likely to emerge repeatedly in the coming years.

This paper was published by IFANS. IFANS retains the copyright to this paper and invites readers to share and cite the work with attribution to both the author(s) and IFANS