STRATEGIC ANALYSIS REPORT /  Marina Díaz, Lucía Montón and Paula Mostajo

[Download the Document]

May 2021

EXECUTIVE SUMMARY

South Korea is considered to have a middle power status, not only in the North-East Asian region but internationally. In this sense, this paper aimed to provide a comprehensive understanding of the stance South Korea might take regarding key international, regional, peninsular and domestic issues in ten years time.

In the international sphere, this paper has focused on the US-ROK stating the plausibility of a further enhancement, in view of the new Biden’s Administration need to reduce the breach created by former President Trump.

Regarding the regional sphere, the present report addresses South Korea’s relations with China, in economic matters; Japan, alliance-wise, and Russia, in relation with energy. These bilateral engagements are clearly impacted by South Korea’s proximity to the United States, the country’s historical memory and North Korea’s willingness to be part of a trilateral understanding, respectively.

Second to last, the peninsular approach of the script assesses the development of inter-Korean relations in views of the two incompatible ideologies and approaches coming from the North and the South of the peninsula and presents the maintenance of the current status has the most plausible scenario.

To end up, there is an allusion to domestic concerns as they play an important role in South Korea’s development capabilities. In this section the paper discusses the country’s SARS-CoV-2 disease successful management and assess why export possibilities might not be taken for granted, the big South Korean concerns on the ever-worsening demographic situation and, lastly, the country’s satisfactorily progression towards renewable energy sources.