Why decoupling from China creates economic and security risks for South Korea



Analysis Why decoupling from China creates economic and security risks for South Korea China would have has less reason to consider economic costs and security risks of escalatory policies if delinked Kina KunzNovember 23, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON The flags of South Korea, Japan, the United States and Taiwan \| Image: Pixabay, Wikimedia Commons, Wikimedia Commons, Wikimedia Commons, Wikimedia Commons, edited by Korea Pro In recent months, decoupling — or reducing dependence on other countries — has been a much-talked-about activity for South Korean lawmakers. The Chip 4 alliance, with which South Korea is now involved, is a prime example, as well as the continuation of Trump-era protectionism codified in the Inflation Reduction Act that creates new barriers for South Korean and other foreign automakers. Chinese leader Xi Jinping, meanwhile, emphasized the importance of self-sufficiency and economic independence at China’s latest party congress, raising new questions about the long-term growth prospects for Seoul’s largest trading partner and, in turn, the South Korean economy. © 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

Why decoupling from China creates economic and security risks for South Korea

China would have has less reason to consider economic costs and security risks of escalatory policies if delinked

Kina KunzNovember 23, 2022

Why decoupling from China creates economic and security risks for South Korea

The flags of South Korea, Japan, the United States and Taiwan | Image: Pixabay, Wikimedia Commons, Wikimedia Commons, Wikimedia Commons, Wikimedia Commons, edited by Korea Pro

In recent months, decoupling — or reducing dependence on other countries — has been a much-talked-about activity for South Korean lawmakers. The Chip 4 alliance, with which South Korea is now involved, is a prime example, as well as the continuation of Trump-era protectionism codified in the Inflation Reduction Act that creates new barriers for South Korean and other foreign automakers.

Chinese leader Xi Jinping, meanwhile, emphasized the importance of self-sufficiency and economic independence at China’s latest party congress, raising new questions about the long-term growth prospects for Seoul’s largest trading partner and, in turn, the South Korean economy.

Why decoupling from China creates economic and security risks for South Korea

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Kina Kunz