China’s financing and investment spread across 61 BRI countries in 2023 (up...
2024-02-27 30 英文报告下载
IPEF meshes with Korea’s own Indo-Pacific Strategy, launched in late 2022, which aims to promote cooperative policies with regional partners in areas critical to sustained economic development and national security. That initiative covers security issues, such as nuclear nonproliferation, counterterrorism, maritime security, cybersecurity, health/pandemic responses, and the “full implementation of UN sanctions against North Korea,” along with an economic agenda that focuses on promoting free trade and a rules-based economic order, climate and energy security, and “customized development cooperation partnerships” (Park 2022). The strategy promotes a broader vision of economic security and a more proactive role for Korea in regional affairs than it has played in the past.
Unlike IPEF, the Korean policy does not exclude China, recognizing the importance of holding “high-level strategic dialogues [with China] to address not only the North Korea issue but also climate change, public health, and cultural exchanges” (Yoon 2002). This Policy Brief examines progress on the four IPEF pillars, looks at how the possible outcomes could advance or constrain Korean policy, and assesses the possible impact of the framework on Korea’s economic relations with its major trading partners in the region. Given the ongoing and relatively opaque nature of IPEF negotiations, the conclusions must be considered preliminary and could be revised after the final texts of the agreements are published and ratified by the participating countries.
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