How investing in Cambodia can help South Korea balance against China



Analysis How investing in Cambodia can help South Korea balance against China As ties with Vietnam flourish, Seoul has ample reason to pursue long-term economic and diplomatic outreach to Phnom Penh John LeeJanuary 9, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON President Yoon Suk-yeol (left) and Prime Minister Hun Sen (right) \| Images: ROK Presidential Office and Wikimedia Commons, edited by Korea Pro The Yoon administration recently debuted its fleshed-out Indo-Pacific Strategy, inching closer to the U.S. while seeking to maintain good terms with China, and the new document has also largely replaced former President Moon Jae-in’s New Southern Policy (NSP) that sought closer relations with Southeast Asia and India. Still, there is no question that the NSP has had a lasting legacy on South Korea’s foreign policy, and one of the policy’s biggest successes came in the form of improved ties with Cambodia. This provides an opportunity for the Yoon administration: If it presses ahead with the advantage it got from © 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 01Trump’s Alaska LNG claim shows who really runs the US-South Korea alliance 02South Korea’s missile defense push raises new questions over wartime stocks 03South Korea bank hacks expose weak links beyond core financial systems 04Lee-Zelensky feud exposes South Korea’s widening Ukraine policy dilemma 05Lee Jae Myung’s ‘pacemaker’ strategy tests South Korea’s leverage with Trump 06Trump’s Korea investment victory lap masks safeguards Seoul still controls 07North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 08South Korea’s CPTPP push exposes the cost of turning trade gains into consensus

Analysis

How investing in Cambodia can help South Korea balance against China

As ties with Vietnam flourish, Seoul has ample reason to pursue long-term economic and diplomatic outreach to Phnom Penh

John LeeJanuary 9, 2023

How investing in Cambodia can help South Korea balance against China

President Yoon Suk-yeol (left) and Prime Minister Hun Sen (right) | Images: ROK Presidential Office and Wikimedia Commons, edited by Korea Pro

The Yoon administration recently debuted its fleshed-out Indo-Pacific Strategy, inching closer to the U.S. while seeking to maintain good terms with China, and the new document has also largely replaced former President Moon Jae-in’s New Southern Policy (NSP) that sought closer relations with Southeast Asia and India.

Still, there is no question that the NSP has had a lasting legacy on South Korea’s foreign policy, and one of the policy’s biggest successes came in the form of improved ties with Cambodia. This provides an opportunity for the Yoon administration: If it presses ahead with the advantage it got from

LATEST ANALYSIS

01Trump’s Alaska LNG claim shows who really runs the US-South Korea alliance
02South Korea’s missile defense push raises new questions over wartime stocks
03South Korea bank hacks expose weak links beyond core financial systems
04Lee-Zelensky feud exposes South Korea’s widening Ukraine policy dilemma
05Lee Jae Myung’s ‘pacemaker’ strategy tests South Korea’s leverage with Trump
06Trump’s Korea investment victory lap masks safeguards Seoul still controls
07North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy
08South Korea’s CPTPP push exposes the cost of turning trade gains into consensus

How investing in Cambodia can help South Korea balance against China

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John Lee