Valdai Paper #76: The New Northern Policy and Korean-Russian Cooperation

27.10.2017

While the North Korea crisis hangs over regional and global peace, the world calls out to constructive and peaceful cooperation that can halt the ‘conflict spiral’. The Russian-Korean cooperation and Eurasian integration may become a remedy for the problem.

In 2013, South Korea government launched the Eurasian Initiative, aimed to speed up cooperation with Eurasian countries, including Russia. In spite of lip service and red tape during implementation of the initiative, it confirms a strong will of Republic of Korea to diversify traditional ‘maritime cooperation’ with the U.S. into a ‘continental cooperation’ with the Eurasian countries.

Moreover, such a diversification even could involve the North Korea into mutually beneficial continental collaboration with new railways, energy transfer corridors, and trade exchange, providing basis for peace and prosperity of the entire region.

Both South Korean and Russian economies are complimentary ones and seek a fertile source of growth. Therefore, there is an objective and common interest to cooperate with other.  

Which path should the countries take? What kind of future lies ahead the region? Here is Valdai Paper #76 by Lee Jae-Young, Vice President at the Korea Institute for International Economic Policy (KIEP), with a unique perspective from Seoul.

Related articles

Korean Peninsula Settlement: Well Kept Secret
14.08.2018
On August 13, DPRK and the Republic of Korea agreed to hold another summit meeting: in Pyongyang in September. The next important moment for the settlement on the Korean peninsula will be in November,

Category:
Expert Opinions
How Lasting Is the Korean Thaw?
06.08.2018
The situation seems to have reached a dead end, though its principal participants are still trying to draw a veil over this sorrowful accident by spelling words of cheer. Both North Korea and the US

Expert: 
Andrei Lankov

Category:
Expert Opinions
"Dove of Peace" or "Gangster": Goals of US Diplomacy on the…
18.07.2018
Japan and South Korea have received important US confirmations on the inviolability of security guarantees under their bilateral alliance treaties. It was a shock for both Seoul and Tokyo that

Expert: 
Anna Kireeva

Category:
Expert Opinions

Calendar

Popular tags

Newsletter

Type your E-mail to subscribe to Valdai Club newsletter
Subscribe