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Technological Confrontation between the USA and China as a Challenge to the Foreign Economic Strategy of the Republic of Korea
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Technological Confrontation between the USA and China as a Challenge to the Foreign Economic Strategy of the Republic of Korea
Annotation
PII
S032150750023318-1-
DOI
10.31857/S032150750023318-1
Publication type
Article
Status
Published
Authors
Liudmila Zakharova 
ORCID: 0000-0001-6164-3518
Occupation: Academic Secretary, Leading Researcher of the Center for Korean Studies
Affiliation: Institute of China and Contemporary Asia of the Russian Academy of Sciences
Address: Russian Federation, Moscow
Edition
Issue 5
Pages
36-43
Abstract

In 2022, the global technological competition between the US and China escalated and its focus moved into the field of semiconductor production. Washington’s attempts to weaken the economic potential of the People’s Republic of China (PRC) have a negative impact on the interests of states that have close trade and investment ties with China. New serious challenges appear for the foreign economic strategy of the Republic of Korea, forcing the country to maneuver between the interests of the military-political ally and technology supplier (USA) on the one hand and the main trading partner (PRC) on the other. In the context of the onset of the “new Cold War” and the growing US-Chinese confrontation, Seoul is faced with the need to choose a new effective strategy. There are signs that geopolitics will increasingly influence economic calculations, and countries will deepen integration with friends and weaken dependence on enemies. Given the combination of factors influencing decision-making in Seoul, in the future, South Korea has to make a choice of possible deepening economic integration with the United States and weakening dependence on the PRC.

Keywords
US-China confrontation, trade war, sanctions, economy of the Republic of Korea, semiconductors, global value chains
Received
19.06.2023
Date of publication
19.06.2023
Number of purchasers
12
Views
333
Readers community rating
0.0 (0 votes)
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S032150750023318-1-1 Дата внесения правок в статью - 19.06.2023
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