|
Analysis How the war in Ukraine jeopardizes South Korea’s economic ambitions in EurasiaSeoul has long sought stronger foothold in regional markets but may have to shift strategies the longer war continues Russia’s invasion of Ukraine has posed difficult questions to South Korea over the last year, forcing Seoul to make decisions about how forcefully to condemn Moscow’s actions and whether to provide direct military support to Kyiv. Economic problems have only complicated these diplomatic considerations, as the ROK has grappled with the war’s effect on energy prices and its economic ties with Russia. In the short term, South Korea must manage the impact of rising energy prices on domestic productivity and its ability to maintain exports. But in the long run, the war in Ukraine presents a more comprehensive challenge to © Korea Risk Group. All rights reserved. |





