While addressing the North Korean economy’s need for reliable sources of energy would be a key part of any economic revival in North Korea, the emphasis on nuclear power suggests that the North Korea is less interested in economic development than the rhetoric might indicate.
While relations with Iran hold significant promise with the removal of economic sanctions, they also have the potential to be extremely complex.
As we look back at the events that helped to shape the Korean peninsula in 2015, it is also an opportunity to review the events we highlighted on The Peninsula in our annual 10 Issues to Watch For on The Korean Peninsula in 2015 blog and the key events that we did not predict.
Unwilling to reverse course on its military program, the isolated Kim regime has begun reconsidering its foreign policy position and has made new attempts to increase trade and investment with its Asian neighbors.
The issues that will be shaping events on the Korean Peninsula in 2015.
On December 30, 2014, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, which regulates the exports of certain sensitive items from the United States, gave a gift to U.S. and Korean energy producers and consumers.
Changes in the global energy market provide a great opportunity to U.S. and Korea to generate mutual benefits through enhanced energy collaboration between the two countries.
Achieving President Park’s vision for Eurasia will require developing a means of integrating North Korea into the broader regional framework and mitigating the risk of Pyongyang arbitrarily shutting down links between South Korea and the continent.
Korea recently hosted the 22nd annual World Energy Congress with a focus on securing tomorrow’s energy today, a key concept for an energy import dependent country.