What the Hamas attacks against Israel mean for South Korea



Analysis What the Hamas attacks against Israel mean for South Korea ROK backed US-Iran deal that saw transfer of billions in assets, possibly freeing up resources for coordinated assault John LeeOctober 9, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON President Yoon Suk-yeol holds a joint press conference with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida at their trilateral summit at Camp David, Aug. 18, 2023 \| Image: ROK Presidential Office The U.S.-Iran deal involving the release of billions in frozen assets and Hamas’ ongoing attack against Israel have implications that stretch beyond their immediate geographic confines. South Korea, under President Yoon Suk-yeol, has made foreign policy decisions that align more closely with U.S. interests. This approach brings clear advantages but narrows Seoul’s options with other players in the region such as China, Russia and North Korea. As part of a deal to free a number of American prisoners, South Korea agreed to transfer $6 billion in frozen Iranian assets to accounts in Qatar. While the Biden administration, © 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 Korea investment victory lap masks safeguards Seoul still controls 02North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 03South Korea’s CPTPP push exposes the cost of turning trade gains into consensus 04AI storage boom gives South Korea battery makers an EV overcapacity lifeline 05South Korea’s Mexico strategy runs into the hard limits of USMCA politics 06Preschool test ban forces South Korea’s English hagwons to rethink placement 07Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility 08US midterm clock raises stakes for South Korea’s $200 billion investment talks

Analysis

What the Hamas attacks against Israel mean for South Korea

ROK backed US-Iran deal that saw transfer of billions in assets, possibly freeing up resources for coordinated assault

John LeeOctober 9, 2023

What the Hamas attacks against Israel mean for South Korea

President Yoon Suk-yeol holds a joint press conference with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida at their trilateral summit at Camp David, Aug. 18, 2023 | Image: ROK Presidential Office

The U.S.-Iran deal involving the release of billions in frozen assets and Hamas’ ongoing attack against Israel have implications that stretch beyond their immediate geographic confines.

South Korea, under President Yoon Suk-yeol, has made foreign policy decisions that align more closely with U.S. interests. This approach brings clear advantages but narrows Seoul’s options with other players in the region such as China, Russia and North Korea.

As part of a deal to free a number of American prisoners, South Korea agreed to transfer $6 billion in frozen Iranian assets to accounts in Qatar. While the Biden administration,

What the Hamas attacks against Israel mean for South Korea

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John Lee