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Legislative elections in South Korea

Giancarlo Elia Valori

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In the elections held on April 13, 2016 all the 300 seats of the Seoul National Assembly were renewed. 253 members of Parliament were elected with the typical British first-past-the-post system, the traditional mechanism by which the candidate winning 50% of votes + 1 or, alternatively, the candidate obtaining the majority of votes in a particular constituency, regardless of the percentage of his/her valid votes, is elected.

47 representatives were elected from proportional party lists, in accordance with Constitutional provisions. Against all odds, the elections were clearly won by the Minjoo Party of Korea.

The Minjoo Party, formally the New Politics Alliance for Democracy, is a political grouping of liberal-democratic culture, at least according to Western political science criteria.

It was created on March 26, 2014, as a merger of the Democratic Party with the preparatory committee of the New Political Vision Party. In fact, the old Democratic Party was fully absorbed in the New Politics Alliance for Democracy, while the preparatory committee was dissolved and has no relevant members in the new grouping.

The losing party is the liberal-conservative Saenuri Party, defeated by one single seat in the Assembly and in votes for party lists, while the Minjoo Party came third, in terms of total votes, behind the Saenuri Party in first place and the new centrist People’s Party in second.

The Saenuri Party, also known as the New Frontier Party, has a center-right political tradition and, until February 2012, it was known as the Grand National Party.

It was created in 2012 as a merger of the United Democratic Party and the New Korea Party. In fact, its earliest ancestor was the Democratic Republican Party under the authoritarian-Gaullist rule of Park Chung-Hee. In 1980, upon Park’s death, it was renamed Democratic Justice Party, under the rule of an equally authoritative leader, Chun Doo-Hwan. In 1993 it was officially called Democratic Liberal Party.

In 2002, this political group was reconstituted again and the already-created Saenur Party merged with the Advancement Unification Party.

Hence these elections mark a radical change of the South Korean institutional scene, with a hung Parliament which is no longer able to provide sound majorities, but is open to government bargaining.

A dangerous practice which comes after the South Korean Constitutional Court authoritatively dissolving the Progressive Party, a leftist grouping largely characterized by a Marxist-Leninist culture.

In 2012 the Saenur Party had won 152 seats out of the 300 available.

Nevertheless the candidate of this group, Ms. Park Geun-Hye, had won the presidential election despite the Saenur Party had recorded a decrease of its seats to 146 out of 292, exactly 50% of the Assembly votes.

Undoubtedly those elections had been affected by the decision of the Constitutional Court which, while noting that the electoral districts had led to an asymmetry of representation, reduced the size of most constituencies.

After 2013, when the Progressive Party was dissolved by decree, due to its alleged ties with North Korea, the decision of the Supreme Court led the Justice Party to be the only leftist organization on the South Korean political scene.

The Justice Party was later supported officially by the powerful union of trade unions, but its members were close to the left wing of the Minjoo Party in terms of programs and policies, while one of its leaders, Ahn Cheol Soo, walked out of the party and founded the new People’s Party in early 2016.

By constitutional law, the next presidential elections scheduled for 2017 are off limits for the current President Park Geun-Hye.

Let us see the possible candidates.

Firstly, there is Moon Jae-In, who had been defeated by the current President, who in mid-February was elected as leader of the main old opposition party, the aforementioned New Politics Alliance for Democracy.

His allies include the mayor of Seoul, Park Won-soon, who, at least according to the polls, is currently the most popular presidential candidate.

Moon can rely on the Left votes of the South-Western province of Jeolla but, however, he is also capable of winning over the conservative votes in the city of Busan, currently ruled by the Saenur Party.

Also the leader of the Saenur Party, Kim Moo-Sung, comes from Busan. He is an old acquaintance of the National Assembly since he was elected five times.

However, which are the real themes of the South Korean electoral campaign and policy?

First and foremost, there is the maintenance and transformation of the Welfare State.

The old government has always supported the line of “maintaining and expanding welfare without raising taxes”, especially corporate income ones.

However, specific taxes on tobacco and cars were introduced last September, with a further restructuring of the income tax which, in effect, increases the tax revenue.

Therefore the idea that South Korean voters had of the government is that it raised taxes for the middle class and workers without expanding the Welfare State, which is currently weak.

Conversely Moon wants to raise corporate income taxes, especially on the chaebol, the business conglomerates which have always characterized the South Korean production system.

In fact the New Politics Alliance for Democracy focuses on the “Welfare State”, with Moon who wants free meals for all South Korean pupils and argues with the South Korean chaebol which, in his opinion, now epitomize a backward development model.

The Saenur Party has no clear position on these issues.

But the Party knows all too well that currently, in South Korea, the welfare cannot be expanded without raising taxes and, above all, without forcing the chaebol (such as Samsung) to pay higher taxes.

This could lead many businessmen to leave the country and set up factories in Vietnam or, even, in the North Korean Free Economic Zones, which have never taken off.

The latest polls show that South Koreans do not want a bigger Welfare State, but 52.8% of them want to directly increase the corporate tax, regardless of this new tax revenue being used for welfare purposes.

The problem lies in the fact that currently the South Korean economy and incomes are very polarized between the haves and the haves not, while the network of small and medium sized enterprises has not yet become the key to the new national economy.

In foreign policy, the Saenur Party is clearly conservative and has no intention of adhering to new negotiations, or even softening its position vis-à-vis North Korea’s actions.

On the contrary, President Park wanted a Summit with North Korea without preconditions, i.e. without Kim Jong Il giving up his “new militarist” line.

Paradoxically, but not too much, the South Korean conservatives have always been those having a more open-minded attitude towards their North Korean “brothers”, while the South Korean center-right leadership has always aimed at having a preferential relationship with China at economic, political and cultural levels.

Moon, however, is heir to the legacy of former President Roh Moo-Hyun, who has always advocated a compromise with the North Korean “brothers” at all costs.

China, however, does not like the correlation of forces between South Korea and the United States.

Hence we are witnessing a radical transformation of the South Korean political scene: for the first time in 16 years, the President’s party has lost the elections.

As we have already partially noted, this is due to the “hard line” against North Korea and the neo-liberal and free trade economic policy which for the Western political parties and alike is a one-way ticket in elections.

The Saenur Party won 122 seats out of 300 and, inter alia, many candidates have abandoned it during the campaign because they did not feel protected and safeguarded at organizational and electoral level.

As we have already seen, the Minjoo Party won 123 seats and, according to its leaders, the success of the opposition party results from South Korean slow growth.

Last year the GDP growth rate was a meager 2.6%, with youth unemployment which, last February, reached the “European” level of 12.5%.

The People’s Party won 36 seats, probably thanks to the positive effects of the mass demonstrations against the new particularly pro-business labour legislation which had been supported by President Park.

The Minjoo Party wants above all to create more jobs; it plans to increase the minimum wages and pensions and build affordable housing for young people.

As we have already noted, it is very likely for the issue of North Korea and its relations with South Korea to be the priority.

In terms of national security, the vast majority of South Koreans support President Park’s line, much in line with the US one, which would impose the immediate end of North Korea’s nuclear program and the end of its missile launches.

Nevertheless, all the opposition parties, including the center-right ones, emphasize the gap existing between President Park’s pro-American line and the pursuit of South Korean national interest, which coincides with an easing of tensions with North Korea.

However, while China does not want to undermine its relations with South Korea, certainly it cannot sever all its ties with North Korea, although it should be noted that the Chinese leader, Xi Jinping, has not yet found the time to visit the North Korean “comrades”.

This adds to the internal situation prevailing in South Korea: first and foremost, the division and the infra-electoral controversy between the two democratic progressive parties, which has favored the conservative-liberal party, although not to the extent it was assumed.

Secondly there is an explosive youth issue, that a South Korean sociologist summed up with the “three no” slogan: no work, no house and no marriage.

During the 2008 crisis, which severely hit also the fourth Asian economy, the old parties’ choice was to maintain and protect the traditional system of chaebol, the Korean version of the Soviet kombinat, without preparing the structural reforms which were immediately needed.

As we have already noted, 12.5% of young people are unemployed, but the South Korean average unemployment rate is 4.9%.

Young voters blame the Saenur Party: only 17% of young people under 30 show a preference for this party.

Hence the “Korean dream” has been shuttered, namely the 1960s idea that, by working hard, everybody would anyway have a good job and a good income.

Obviously, today this is no longer the case in South Korea. And politics reflects this with its main feature in these cases, namely uncertainty.

Advisory Board Co-chair Honoris Causa Professor Giancarlo Elia Valori is an eminent Italian economist and businessman. He holds prestigious academic distinctions and national orders. Mr. Valori has lectured on international affairs and economics at the world’s leading universities such as Peking University, the Hebrew University of Jerusalem and the Yeshiva University in New York. He currently chairs “International World Group”, he is also the honorary president of Huawei Italy, economic adviser to the Chinese giant HNA Group. In 1992 he was appointed Officier de la Légion d’Honneur de la République Francaise, with this motivation: “A man who can see across borders to understand the world” and in 2002 he received the title “Honorable” of the Académie des Sciences de l’Institut de France. “

East Asia

Diplomatic Maneuvers for China-US trade war: December 2018 agreement

Bassem Elmaghraby

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On the sidelines of the G20 summit in Buenos Aires, Argentina on December 1st 2018 the US President Donald Trump and the Chinese President Xi Jinping concluded a conditional trade agreement, according to which Beijing has to reduce its current trade surplus with the US by increasing Chinese purchases of soybeans, natural gas, commercial aircraft and some other US industrial goods. In contrast, Washington will maintain the tariff rate on Chinese exports to US of US$200 billion at 10 percent, instead of increasing it to 25 percent, which was due to come into force on Jan 1st 2019.

Although some commentators, politicians, or scholars over-optimistically described that deal as the end of the trade war, or at least a first step, between the two countries, including President Trump himself; but in fact by analyzing the reasons behind the two countries’ decision to conclude such agreement and whether this agreement paves the way for a final trade agreement or not, and what obstacles may stand in the way of reaching a final trade agreement between the two countries, it seems more likely to be a beneficial truce or a diplomatic solution to gain more time, calming the growing escalation of the trade war and to control its affiliated losses from both sides. Accordingly, the first question that may come in mind is how the future trade relations could be between the two countries?

The coming sections attempt to answer these questions by explaining the reasons behind conducting such agreement for the two sides, the main barriers or obstacles that may prevent reaching a commercial peace between the two countries, and the prospected future of US-China trade relations based on these factors as following:

Why to conclude such agreement?

Based on the rational choice approach, the simple answer of this question is that such agreement is beneficial for both of them; and in fact it is also beneficial for all the international economy, at least to stop the continued losses of both countries.

For the United States

In order to control the losses of the American economy since the beginning of the trade war, where the indicators of the American stock markets declined sharply during October and November 2018; large losses suffered by the American farmers because of China’s imports reduction of agricultural products and soybeans in particular, where 60 percent of its total US production were importing by Beijing; and the costs of the US Department of Agriculture increased for providing almostUS$12 billion as aid to farmers and breeders affected by the trade war.

Seek to improve the trade balance with China, where the Chinese trade surplus have been increased to $293.5 billion from January to November 2018, comparing with $251.3 billion in the same period previous year; combined with increase the Chinese exports to the US by 9.8% annually since November 2018, While imports fell by 25% during the same month.

In addition, to avoid any further economic damages or losses that may occur because of the continued escalation of the trade war between the two countries whether to the American or the international economy, Moreover, to face the internal pressure of his strong opposition, and for the re-election considerations.

The agreement came shortly after the G20 industrialized nations backed an overhaul of the World Trade Organization (WTO), which regulates international trade disputes, giving a symbolic victory for Trump administration, a sharp critic of the organization.

For China

To reduce the negative impact of the trade war, where the Chinese economy suffered from a decline in the economic growth rate during the third quarter of 2018,the defaults in the payment of corporate bond yields, and the decline in property prices; in addition to the devaluation of the Chinese currency since May 2018 by more than 8%, Which is warning to slow the economic growth to 6.3 percent next year compared to the current growth rate of 6.5 percent.

To avoid increasing US tariffs that would undermine China’s economic growth prospects, and increase pressure on its financial markets.

In addition to maintain the stability of the international economy, in order to avoid any negative effects on the Chinese economic ambitions such as the Belt and Road Initiative (BRI) whether directly or indirectly.

– Based on the abovementioned reasons it seems clear that such agreement is a beneficial for both sides to gain more time and prepare themselves for a second round of the trade war, or at least to stop the terrible consequences of the trade war escalation.

Obstacles of a commercial peace between the two countries

There are many obstacles or barriers that prevent a long-term commercial peace between China and the US such as:

The low level of trust between the two countries because of many of the thorny issues among them such as addressing Intellectual Property Rights (IPR) protection, the synthetic opioid fentanyl being sent from China to the United States, non-tariff barriers, cybercrimes, cyber-security, services and agriculture; and especially after the United States accuses Beijing of forcing American and foreign companies in general to disclose trade secrets versus access to the Chinese market.

The different understanding of the agreement by the two sides and the lack of clear future trade talks between them are also stumbling blocks in commercial peace way; while president Trump pledged to freeze tariffs in exchange for China’s commitment to reduce bilateral trade deficit with the US, but it is still unclear what exactly Beijing proposed; where the reports published by China’s state-owned media completely deny Beijing’s commitment to reduce the trade deficit with the US. In addition, whether China can reduce its tariffs on the American products, also the quantities and timing to resume its purchases of American goods are not clear. In addition to tariffs on Chinese goods, Trump has imposed tariffs on steel and aluminum imports into the United States this year. Numerous countries have filed litigation at the WTO to contest the levies.

Arresting the chief financial director of Huawei Communications Technology in Canada (the daughter of Huawei’s founder, the second largest smart phone company in the world)on December 1st 2018 (the same day as the agreement was concluded); and the American requests to extradition on charges of posing a threat to US national security arguing that the technology it uses can be used by the Chinese government for espionage. Additionally, the US companies were banned from exporting to the Chinese telecommunications company ZT earlier 2018 due to Iranian sanctions had been violated. Accordingly, the Chinese Vice Foreign Ministry has summoned the US Ambassador to China on Dec. 9 in a protest over the arrest. There is no doubt that this issue will affect the scheduled talks between the two countries; While the Trump administration insists that it will not affect the ongoing trade talks, Beijing believes that it is just an American attempt to contain China’s technological ambitions. In response, Beijing may have to take some measures to calm the mounting public anger, bearing in mind that a Chinese court decision to ban the sale and import of most iPhone models on Dec 10.

The fact that the competition between the two countries is much farther than the limits of the trade warand trade is one aspect of this competition, where from the Communist Party of China’s perspective the United States seeks to bring about comprehensive changes may reach the extent of changing the Chinese political system, and obstacle the Chinese economic and political aspirations.

Indeed there are many indications that the Trump administration consider the issue as much greater than a trade war by aiming to contain or undermine China’s rise in the world and maintain the American economic and political hegemony over the world for instance the US national security strategy and Trump hint to withdraw from the Nuclear Weapons Agreement, the declaration of the free and open Indo-Pacific economic zone, and the American opposition to BRI as well as the Made in China 2025’splan. In addition, the adoption of the America First policy gives the impression that the United States is seeking concessions, not to improve trade relations, but to maintain American hegemony. Furthermore, the historical experience proves that the American perspective in dealing with the international issues mostly characterized by realism features, where as soon as it considered any state as their rival the caution will prevail on their relations and keeps working and set strategies to win the zero-sum game with this state.

The narrow timeframe of the agreement, which lasts for no more than 90 days for further talks with the aim of structural changes on some thorny and complex issues, therefore, it is difficult to resolve this long list of issues in that short timeframe.

Furthermore, the two countries are also at odds over some other issues such as the China’s extensive claims in the South China Sea and U.S. warship movements through the highly sensitive Taiwan Strait.

Future of US-China Trade Relations

Whether the two countries could reach a commercial peace or not is depending heavily on their ability to overcome the above challenges and the real willingness of both sides to take concrete steps to end their trade war.

From one side, there are some steps or measures from the both sides to contain and avoid the escalation of trade war such as President Xi’s agree to designate fentanyl a controlled substance during the meeting, the Chinese announcement to slash on US-made autos from 40 percent to 15 percent in an attempt to show its willingness to calm the tension with Washington.

In the same context, whether the annual sessions of the National People’s Congress, the Chinese People’s Political Consultative Conference (CPPCC) scheduled for March 2019 may lead to substantial changes to China’s economic policy will be a decisive factor in determining the future of the US-China trade war. On the other hand, the announcement of President Trump on December 11 that he may intervene in the Justice Department’s case against the chief financial director of Huawei if it would be in the interest of U.S. national security and help forge a trade deal with China, gives an impression that both sides have a desire not to escalate the trade war or at least express their fearing about the consequences of this escalation.

From another perspective, it’s arguable that the US-China trade agreement is very similar to the agreement between Washington and the European Union in July 2018, which included strengthen the free trade measures and the announcement of more European purchases of the American agricultural products. But the agreement is in danger of collapse, with President Trump threatening once again to impose a 20 percent tariff on all cars and spare parts imported from the EU. The same scenario is possible with China as long as it serve the American interests, especially with the lack of a final agreement on what Washington considers as unfair trade practices by China in the areas of cyber espionage, piracy and intellectual property rights violations. With bearing in mind that the White House said talks would take place to resolve within the next 90 days specific US complaints such as forced technology transfer, or else existing 10 percent tariffs would go up to 25 per cent.

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East Asia

New Era of China – India Relations

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Modi’s informal visit to Wuhan china as a indication of Sino – Indian rapprochement reason being both are world important engines of economic growth, economic globalization and making positive contribution toward peace and development .Regardless of Wuhan’s outcomes, India remains wary of China’s deepening regional influence, primarily through the Belt and Road Initiative (BRI), which Xi sees as not only a vehicle to deepen China’s clout but as holding domestic value in showcasing his country’s emergence. China also convincing India that the China-Pakistan Economic Corridor is economic cooperation and does not influence China’s impartiality.

China and India recently locked horns on Dokalam issue, a 72 days military standoff was the result of the accretion of mistrust between the two countries. Modi and XI emphasized the need for greater cooperation and encourage CBMs to this reason because its conducive for development of the people and as well as the region. In Wuhan informal summit both leaders agreed to undertake joint economic and developmental projects in war-torn Afghanistan which is in the backyard of china and India. Foreign secretary Vijay Gokhale who is considering to be the architect of Sino – Indian rapprochement commented during the press briefing that the issue of Masood Azhar who is the chief of jaish e Mohammed also raised with President XI because china has repeatedly blocked India’s bid to designate Masood Azhar as global terrorist in the UN.Similarly, India’s membership bid to the Nuclear Suppliers Group was also opposed by China reason being India is not a signatory to the Comprehensive Nuclear-Test-Ban Treaty or the Nuclear Non-Proliferation Treaty also comes under discussion between two leaders.

The Asian Infrastructure Investment Bank (AIIB) is an excellent example of this “incremental approach.” The AIIB was newly initiated by China in 2015, but India has not only gained significant political capitals in the field of international finance by becoming the bank’s second-largest shareholder, but also has harvested considerable economic benefits as its largest loans recipient. As India has become an important member of the groupings China has major stakes in – the Shanghai Cooperation Organisation, BRICS and the AIIB –  such a multilaterally beneficial “pare to improvement” may well be attained through long-term strategic collaboration and deft diplomacy.

Furthermore, theoretical analysis of this bilateral relationship of China -India make for captivating case study due to strategic complexity, a complex web of interests ranging from tough stands on the unmarked boundaries issue to recognition of Tibet by India as part of China; with quest for energy resources to increasing bilateral trade; from perceptions of encirclement to increased cooperation on international forums and the different domestic political systems. Today China and India are the largest trading partners, with trade touching $88 billion; and target is $100 billion in 2018. Pragmatists add another dimension and said that prospects of china-India relations are not a case of conflict or cooperation, but conflict and cooperation.

On the one hand two countries “agreed to jointly contribute in a positive and constructive way in facilitating sustainable solutions for global challenges including climate change, sustainable development, food security etc. On the other hand, agreed that as major emerging economies, India and China, given their vast developmental experiences and national capacities, should join hands to take lead in offering innovative and sustainable solutions to challenges faced by humankind in the 21st century. These include combating diseases, coordinating action for disaster risk reduction and mitigation, addressing climate change and ushering digital empowerment.” On the same subject, the Chinese government communique says the two countries “agree to join hands in offering innovative and sustainable solutions to global challenges such as epidemics, natural disasters, climate change and terrorism.”

Geopolitics of Sino Indian relations marked by different strategies, Chinese cooperation with Pakistan, India’s look east policy, quest for influence in Indian ocean, china’s string of pearls strategy, south china sea, despite all this Sino- Indian cooperation paving the way from unipolarity to multipolarity. Both are the world ‘s two most populated countries. They have constant the world ‘s highest annual GDP growth rates over the past decade of9 % for China and 6 or 7 % for India. The two countries have been among the world ‘s most successful in surviving the challenges of world Recession since 2008.“It is a good start. More joint projects should be in their shared neighborhood such as Nepal, Sri Lanka, Myanmar and other ASEAN countries. Africa is also a region of full of possibilities,” said Lili, south Asian scholar at the Institute for International Relations at Beijing’s Tsinghua University.

For that reason experts say China and India can’t afford to compromise their economic ties, regardless of conflict.”China has achieved remarkable economic progress in the past five decades, which provides valuable lessons to India’s development. And China’s inclusive and responsible attitude towards globalization for the economic reform (and opening) attracts India’s attention and gives them more confidence,” said Liu Chunsheng with Central University of Finance and Economics.

To be conclude, the territorial dispute, regional geopolitics, and economic competition, catalyzed by misperceptions, will ensure that Sino-India relations will remain competitive in nature. However, the high cost of war, growing economic interaction, and the imperative for peaceful economic development will also help keep the level and nature of competition to a pragmatic level.

A ground-breaking joint Sino-Indian economic project in Afghanistan will send the signal that cooperation can prevail over competition and a message to Pakistan that China recognizes India’s legitimate role in Afghanistan, say strategic experts.

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East Asia

South Korea’s new national security strategy: Priorities and nuances

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On December 20, South Korea’s presidential Blue House unveiled a new national security strategy – a “top-level” national security and defense policy document, which also pertains to President Moon Jae-in’s policy of reuniting with the North. Such documents are normally drawn up once every five years, but the current version appeared a year earlier due to the “significant changes” in the situation on the Korean Peninsula.

What is important here, however, is just to what extent Seoul’s new strategy reflects the undoubtedly positive changes that have recently been happening in relations between the two countries. The new strategy prioritizes a peaceful resolution of the North Korean nuclear problem, the establishment of a lasting peace on the divided peninsula, promotion of peace and prosperity in Northeast Asia, strengthening South Korea’s defense capability through “a responsible defense policy,” and efforts to pursue “balanced diplomacy of cooperation.”

In the preamble to the document, President Moon says that from now on South Korea will be pursuing a more active policy in the field of “security that ensures peace.” This is a clear sign of Seoul’s desire to solidify its role in the process of inter-Korean dialogue and the US-North Korean denuclearization talks.

But, as we all know well, the devil is in the details. Even though a full version of the strategy paper has not yet been released to the public, it contains nuances that are new and, therefore, merit our attention. For one, it says that while the issue of a formal end to the war on the Korean Peninsula will be resolved during the early stages of North Korea’s nuclear disarmament, Seoul will sign a peace treaty only after the process of North Korean denuclearization has been completed.

Well, this clearly reflects the tough negotiating position of Washington, while Pyongyang insists on a phased denuclearization based on reciprocal and proportionate concessions and, above all, on security guarantees.

What Pyongyang is holding out for is a peace treaty. Seoul, for its part, will apparently be ready to propose signing a Declaration on ending the war during the early stages of negotiations, and promise Pyongyang a full-fledged peace treaty only after North Korea has fully denuclearized.

Simultaneously with release of the new national security strategy, the South Korean Foreign Ministry announced a reform of its organizational structure and the planned creation of a separate department to deal exclusively with relations with China. Until now, the US was the only country to enjoy the privilege of having such a “personal” department there. This is a clear sign of China’s growing importance to South Korea.

According to the newspaper Korea Times citing Foreign Ministry sources in Seoul, the new “Chinese” department will oversee the entire range of issues pertaining to relations with Beijing – from military-political to trade.

During recent informal meetings with Russian experts, South Korean Foreign Ministry officials said that the creation of a “Russian department” at the Ministry was almost a done deal now. This never happened though, and it is most likely that overseeing relations with Russia will be a newly created department for Eurasian countries, to also include the Mongolia-affairs desk that was previously part of the North Asia department.

The Japan-affairs department will, likewise, be reassigned to another division that will also include the India and Australia departments. This apparently means that Seoul wants to give priority attention to the “Indo-Pacific Partnership” being put together by the United States that the abovementioned countries are part of.

Getting back to President Moon Jae-in’s national security strategy, Seoul is apparently request additional exemptions from Washington’s sanctions against North Korea in a bid to build up economic cooperation with Pyongyang, including in the implementation of infrastructure projects (just a day before Seoul unveiled its new national security strategy, the UN Security Council authorized the reunification of the trans-Korean railway). Seoul has also made clear its intention to send $8 million worth of humanitarian assistance, above all food, to North Korea.

The prospects of expanding economic cooperation between North and South Koreas ahead of the second US-North Korean summit were high on the agenda of a recent meeting between South Korea’s national security adviser, Chung Eui-yong, and the US Special Envoy for North Korea, Stephen Bigan.

Seoul’s new national security strategy reflects the growing role it has been playing in the efforts to resolve the situation around the Korean Peninsula and its desire to make sure that this process is irreversible. To make this happen, South Korea needs to walk a delicate line of “balancing” the interests of Washington and Beijing.

Therefore, Russia’s bigger presence in the region will be conducive to normalizing the situation and will strengthen this country’s positions on the Korean Peninsula.

First published in our partner International Affairs

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