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Analysis Of The Trade And Investment Channels As Ways To Expand And Enhance The Economic Cooperation Of The Republic Of Korea With The Eaeu Countries

Author

Listed:
  • Dok Hee OH
  • Kyung Sook GIL

Abstract

Expanding economic cooperation with the EAEU is of great importance to the Government of the Republic of Korea, which is focusing on providing new drivers of economic growth through expanded trade with various countries and groups of countries, including the Eurasian region. Economic cooperation between the Republic of Korea and the EAEU has the potential to promote mutually beneficial development in the long term as both regions are forming complementary industrial complexes. International competitiveness can be ensured through bilateral economic cooperation based on the advanced industrial technologies of the Republic of Korea, as well as energy and mineral resources, which are the main production factors of the EAEU countries. Moreover, in the current economic situation of the Republic of Korea, where it is necessary to reduce trade dependence on China, expanding cooperation with the EAEU is becoming a key aspect of its further economic development.

Suggested Citation

  • Dok Hee OH & Kyung Sook GIL, 2024. "Analysis Of The Trade And Investment Channels As Ways To Expand And Enhance The Economic Cooperation Of The Republic Of Korea With The Eaeu Countries," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 10(2), pages 6-18, December.
    • Handle: RePEc:aem:journl:v:10:y:2024:i:2:p:6-18
    DOI: https://doi.org/10.53486/2537-6179.10-2.01
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    More about this item

    Keywords

    South Korea; The Eurasian Economic Union; economic cooperation; investment; trade; competitiveness; market growth potential; market stability; international competitiveness.;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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