How Yoon-Biden summit masks South Korea’s growing concerns over US intentions



Analysis How Yoon-Biden summit masks South Korea’s growing concerns over US intentions Two sides have announced major investment deals, but ROK firms fear losing competitive edge due to Washington’s policies John LeeApril 26, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON An illustration of a manager speaking to employees at an automotive manufacturing plant \| Image: Korea Pro The U.S. and South Korea have announced a series of significant investments across various sectors in recent days, and these agreements, timed with ROK President Yoon Suk-yeol’s state visit to Washington, have underscored efforts to bolster economic ties at the same time as the allies seek to reinforce their security relationship. Notably, the deals will see South Korea’s presence in the U.S. electric vehicle (EV) battery market continue to grow. But the flurry of announcements has also served to paper over major challenges in the countries’ economic ties, as Washington’s push to contain China has impacted ROK firms as well. © 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 Yoon-Biden summit masks South Korea’s growing concerns over US intentions

Two sides have announced major investment deals, but ROK firms fear losing competitive edge due to Washington’s policies

John LeeApril 26, 2023

How Yoon-Biden summit masks South Korea’s growing concerns over US intentions

An illustration of a manager speaking to employees at an automotive manufacturing plant | Image: Korea Pro

The U.S. and South Korea have announced a series of significant investments across various sectors in recent days, and these agreements, timed with ROK President Yoon Suk-yeol’s state visit to Washington, have underscored efforts to bolster economic ties at the same time as the allies seek to reinforce their security relationship.

Notably, the deals will see South Korea’s presence in the U.S. electric vehicle (EV) battery market continue to grow.

But the flurry of announcements has also served to paper over major challenges in the countries’ economic ties, as Washington’s push to contain China has impacted ROK firms as well.

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 Yoon-Biden summit masks South Korea’s growing concerns over US intentions

LATEST ANALYSIS

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John Lee