Author
Listed:
- Choi, Ina
(KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))
- Kwak, Sungil
(KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))
- Cheong, Jaewan
(KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))
- Lee, Jung-Mi
(KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))
- Park, Nayoun
(KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))
- Kim, Mi Lim
(KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))
- Lee, Jaehyon
(ASAN Institute for Policy Studies)
- Cho, Won Deuk
(Institute of Foreign Affairs and National Security)
Abstract
The growing economic power and geo-strategic significance of the Indo-Pacific have generated active engagement of major powers with the region. Under the New Southern Policy (NSP) unveiled in 2017, Korea has also sought to upgrade its relations with ASEAN and India by boosting economic ties, socio-cultural exchanges and cooperation in the area of peace and security. While an earlier version of the NSP focused on bilateral cooperation with targeted countries, it now looks to collaborate with other players in addressing the needs of ASEAN and India. In particular, as the United States seeks partnerships with its key allies in advancing the Free and Open Indo-Pacific Strategy (FOIP), there has been growing interest in cooperation between the FOIP and the NSP. Initially, the Korean government took an ambiguous stance toward the FOIP, but agreed to work together with the U.S. by building synergies between the NSP and the FOIP. However, given the strategic nature of the FOIP as a counterbalance to China’s Belt and Road Initiative (BRI) and attendant concerns about the FOIP in the region, particularly in ASEAN ‒ the key partner of the NSP ‒, close collaboration with the FOIP poses some challenges for the NSP in terms of addressing regional sensitivity to it. Against this backdrop, by exploring how the FOIP is perceived by NSP-targeted countries and clarifying their cooperation needs, this study provides policy recommendations on how the ROK-U.S. partnership should be advanced in the region.
Suggested Citation
Choi, Ina & Kwak, Sungil & Cheong, Jaewan & Lee, Jung-Mi & Park, Nayoun & Kim, Mi Lim & Lee, Jaehyon & Cho, Won Deuk, 2021.
"Exploring convergence between the New Southern Policy and U.S. Indo-Pacific Strategy: From Korea’s Perspective,"
World Economy Brief
21-19, Korea Institute for International Economic Policy.
Handle:
RePEc:ris:kiepwe:2021_019
Download full text from publisher
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kiepwe:2021_019. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Geun Hye Son (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.