South Korea’s Growing Economic Involvement in Southeast Asia
South Korea’s Growing Economic Involvement in Southeast Asia

Author(s): Oskar Pietrewicz
Subject(s): Politics, Regional Geography, Economic policy, International relations/trade
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: South Korea; Southeast Asia; economic policy; involvement;
Summary/Abstract: The development of South Korea’s economic cooperation with ASEAN countries is a manifestation of the deepening diversification of its trade and investments. South Korea is trying to reduce its dependence on its main economic partners - China, the U.S. and Japan - after much tension in trade in recent years. Its turn to Southeast Asia may accelerate as a result of the economic effects of the COVID-19 pandemic. For the EU, this means both greater competition for European companies in ASEAN and an impulse to review the effectiveness of the free trade agreement with South Korea.

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