Dr. Alan Ortiz on the Main Threats to Southeast Asia Countries

Dr. Alan Ortiz on the Main Threats to Southeast Asia Countries
23.11.2018

Cho Choongjae: South Korea Needs to Diversify Trading Partners

Cho Choongjae: South Korea Needs to Diversify Trading Partners
24.11.2018

U Khin Maung Lynn: Protecting Regional Markets from Unilateralism

U Khin Maung Lynn: Protecting Regional Markets from Unilateralism
25.11.2018

According to Cho Choongjae, Senior Director General of the Korea Institute for International Economic Policy (KIEP), the South Korean economy faces such challenges as protectionism and unilateralism. The country is highly dependent on trade with both China and the United States, which cover about 38% of total South Korean exports. The strategy of the South Korean government is to diversify trading partners. Seoul tries to expand cooperation with North Korea, Central Asian countries and Russia, which is becoming a very important partner. This means a new Northern policy. As for the new Southern policy, South Korea needs to expand ties with India.