South Korea eyes closer ties with Canada as it seeks to shore up supply chains



Analysis South Korea eyes closer ties with Canada as it seeks to shore up supply chains Two sides aligned on range of issues, but Yoon administration’s clumsy diplomacy could stand in way of better relations John LeeSeptember 26, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON South Korean President Yoon Suk-yeol and Canadian Prime Minister Justin Trudeau arrive for a summit in Ottawa, Sept. 2022. \| Image: Republic of Korea Presidential Office. South Korean President Yoon Suk-yeol met with Canadian Prime Minister Justin Trudeau in Ottawa last week, discussing ways that the two countries can strengthen their trade relationship and security ties and discussing topics ranging from electric vehicle batteries and critical minerals to supply chains. The summit comes at a critical time for South Korea. Seoul is scrambling to find more trade partners as it faces economic uncertainty, and few offer the same potential as Canada. Not only does the country possess rich natural resources that ROK manufacturers use to make semiconductors and a range of other goods, but Seoul © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01South Korea’s won faces a new test as foreign bond buying loses momentum 02Trump’s Russian diesel deal may leave South Korea’s refining boom intact 03Trump’s Alaska LNG claim shows who really runs the US-South Korea alliance 04South Korea’s missile defense push raises new questions over wartime stocks 05South Korea bank hacks expose weak links beyond core financial systems 06Lee-Zelensky feud exposes South Korea’s widening Ukraine policy dilemma 07Lee Jae Myung’s ‘pacemaker’ strategy tests South Korea’s leverage with Trump 08Trump’s Korea investment victory lap masks safeguards Seoul still controls

Analysis

South Korea eyes closer ties with Canada as it seeks to shore up supply chains

Two sides aligned on range of issues, but Yoon administration’s clumsy diplomacy could stand in way of better relations

John LeeSeptember 26, 2022

South Korea eyes closer ties with Canada as it seeks to shore up supply chains

South Korean President Yoon Suk-yeol and Canadian Prime Minister Justin Trudeau arrive for a summit in Ottawa, Sept. 2022. | Image: Republic of Korea Presidential Office.

South Korean President Yoon Suk-yeol met with Canadian Prime Minister Justin Trudeau in Ottawa last week, discussing ways that the two countries can strengthen their trade relationship and security ties and discussing topics ranging from electric vehicle batteries and critical minerals to supply chains.

The summit comes at a critical time for South Korea. Seoul is scrambling to find more trade partners as it faces economic uncertainty, and few offer the same potential as Canada. Not only does the country possess rich natural resources that ROK manufacturers use to make semiconductors and a range of other goods, but Seoul

South Korea eyes closer ties with Canada as it seeks to shore up supply chains

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John Lee