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1. Korea’s Strategy for Critical Minerals: Navigating New Trade Rules and Global Challenges

Author:
Cheon-Kee Lee
Publication Date:
04-2025
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
Since the establishment of the GATT in 1947 and the WTO multilateral trading system in 1995, trade liberalization has led to an increase in global trade and the internationalization of production through global supply chains. In recent years, however, as non-trade values including national security, labor rights, and environmental protection have become important considerations, supply chains have become an end in themselves rather than a means of pursuing efficiency. Additionally, major trading partners such as the U.S, the EU, and China have sought to regulate global supply chain by leveraging market access to their domestic markets or critical minerals. The proliferation of such unilateral measures has posed significant challenges, as traditional WTO/FTA trade rules have failed to effectively address these new regulatory dynamics. The increasing compliance costs for companies, stemming from emerging supply chain regulations, are exacerbated by the legal constraints and loopholes in existing international trade frameworks, despite previously promised market access in multilateral and bilateral agreements. Against this backdrop, this Brief reviews the current state of disciplines in bilateral and multilateral trade rules and disciplines, with a particular focus on unilateral supply chain regulations. It will explore the critical minerals sector in light of recent sector-specific agreements and arrangements, including the IPEF Supply Chain Agreement, the U.S.-Japan Critical Minerals Agreement or “CMA”, and the EU's Strategic Partnership. While many supply chain issues are emerging in relation to various non-trade values, the critical minerals sector has been the first to see the emergence of more flexible and pragmatic sector-specific agreements and MoUs that depart from the traditional FTA model. This is likely due to the fact that the security of mineral resources is crucial to the competitiveness of domestic industries in many countries. Moreover, the recent trend of resource-owning countries requiring foreign and foreign-owned mining companies to uphold environmental and labor rights during the mineral extraction process has led to the emergence of new ESG (Environmental, Social, and Governance) obligations. The ability to address these elements in a stand-alone agreements or MoUs specific to critical minerals—rather than within the framework of a traditional FTA—marks a key strength of this approach. The evolution of these agreements, especially in the critical minerals sector, is of particular relevance to Korea. As the country faces increasing reliance on the global supply of critical minerals and is deeply impacted by evolving international regulations, it is crucial for Korea to explore its own strategy for securing access to these resources. This Brief will focus on the development of Korea's critical mineral strategy, while drawing the lessons from international agreements.
Topic:
Economics, World Trade Organization, Multilateralism, Trade, and Critical Minerals
Political Geography:
Asia and South Korea

2. Friends and Foes in the Indo-Pacific: Multilateralism Out, Minilateralism In?

Author:
Axel Berkofsky and Guido Alberto Casanova
Publication Date:
03-2025
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
Minilateralism is already among us, and it is here to stay. The well-known shortcomings of the multilateral system of governance are pushing individual states in the Indo-Pacific to come up with new and different solutions to deal with the security and prosperity issues that current institutions are unable to tackle. Amid growing geopolitical rivalries and the uncertainty provoked by the re-election of Donald Trump, this report aims to shed some clarity on an emerging trend that is already affecting the foreign policy of great powers in a region that is central to global affairs.
Topic:
Security, Alliance, Multilateralism, Institutions, and Cooperation
Political Geography:
Russia, Japan, India, Asia, North Korea, Philippines, United States of America, and Indo-Pacific

3. Strategic Importance of India’s Triangular Development Partnerships and Implications for Korea

Author:
Kyunghoon Kim
Publication Date:
09-2024
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
While projects of India’s triangular development partnerships have been ongoing for some time, the recent formalization of mechanisms between India and traditional donors is noteworthy. This progress is based on aligning strategies to strengthen relationships with the Global South. In addition to strengthening bilateral cooperation, Korea should explore opportunities for triangular cooperation with India. Through such partnerships, Korea and India can jointly address development challenges and promote prosperity in the Indo-Pacific. Both countries have demonstrated exceptional development performance, and their combined support could be valuable to many developing countries, especially amid an era of great power competition. Following intensive discussions between high-level officials, Korea and India should aim to establish a formal agreement that outlines their general goals and mechanisms, similar to the agreements India has with other advanced countries. In the short term, focusing on overlapping target countries, such as Bangladesh and Myanmar, could be mutually beneficial. Korea should also leverage the region-based bodies in South Asia and India-led minilateral and multilateral development platforms.
Topic:
Development, International Cooperation, Treaties and Agreements, Bilateral Relations, Partnerships, Global South, and Multilateralism
Political Geography:
India, Asia, and South Korea

4. US-South Korea Cyber Cooperation: Towards the Higher-Hanging Fruits

Author:
Jenny Jun and So Jeong Kim
Publication Date:
12-2024
Content Type:
Special Report
Institution:
Korea Economic Institute of America (KEI)
Abstract:
In the past decade, the US and South Korea faced a relatively narrow set of challenges in cyberspace, notably North Korea’s cyber crime facilitating sanctions evasion. In the next decade, however, the two countries will face a more diversified set of challenges with growing North Korean ties with Russia, its involvement in the war in Ukraine, and intensifying US-China competition. The US and South Korea must develop a joint playbook for responding to scenarios of disruptive cyber operations targeting South Korean public and private sectors and prepare for an even more difficult environment for curbing North Korea’s cyber crime as Russia provides a way out. Over the past two years, the US and South Korea have significantly deepened and broadened cooperation on cyber issues and have expanded cooperation further to trilateral and multilateral settings. The two countries established several regular high-level and working-level dialogues, have issued joint sanctions and threat advisories, and deepened mil-to-mil cooperation. However, 2024 has been a watershed in terms of shifting geopolitical dynamics on and around the Korean peninsula. Cyber threats will become more diversified, and the bilateral relationship will be tested at the seams without a clear joint strategic concept and operational plan.
Topic:
Sanctions, Geopolitics, Multilateralism, Strategic Competition, and Cyberspace
Political Geography:
China, Asia, South Korea, North America, and United States of America

5. Japan’s Stance on North Korea’s “New Cold War” Narrative: Strengthening Japan’s Defense and Global Normative Power

Author:
Seunghee Oh
Publication Date:
03-2023
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Seunghee Oh, a research professor at Seoul National University Institute of Japanese Studies, suggests that Pyongyang perceives the current global order as a “new Cold War” and views strengthening trilateral cooperation among Seoul, Washington, and Tokyo as hostile to its national interest. In response to North Korea’s moves, Japan prioritizes multilateral initiatives to strengthen its security ties with other partners in the region and the globe. Dr. Oh further claims that as Tokyo assumes the presidency of the G7 Hiroshima Summit this year and has been elected as a non-permanent member of the 2023-24 UN Security Council, Japan is well-positioned to criticize North Korea as an international norm violator and proactively address the North Korean problem and utilize it to enhance its global leadership.
Topic:
Defense Policy, Cold War, International Cooperation, Multilateralism, and Kim Jong-un
Political Geography:
Japan, Asia, and North Korea

6. China-Korea Relations: Kim Jong Un Tests Xi-Yoon Diplomacy

Author:
Scott Snyder and See-Won Byun
Publication Date:
01-2023
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Pacific Forum
Abstract:
Regional and global summits presented high-level platforms for China-South Korea engagement in November. The summitry showed that the relationship had returned with solidity with the resumption of international meetings and in-person exchanges. Although the Xi Jinping and Yoon Suk Yeol leaderships advanced diplomatic exchange, concerns emerged over enduring political and security constraints and growing linkages with the economic relationship. Kim Jong Un’s escalation of military threats, through an unprecedented number of missile tests this year, challenged Xi-Yoon bilateral and multilateral diplomacy. China-North Korea bilateral interactions, while brisk, primarily relied on Xi and Kim’s exchange of congratulatory letters around significant founding anniversaries, China’s 20th Party Congress, and expressions of condolences after the death of former Chinese leader Jiang Zemin. The UN Security Council’s failure to take unified action on DPRK threats prompted South Korea to voice frustration with China and expand cooperation with US and Japanese partners. Such responses only reinforced concerns raised in recent leadership exchanges, and Korean domestic division over Yoon’s diplomatic strategies.
Topic:
Diplomacy, Nuclear Weapons, Bilateral Relations, and Multilateralism
Political Geography:
China, Asia, South Korea, and North Korea

7. International Humanitarian Assistance and Multilateral Cooperation in North Korea

Author:
Jangho Choi and Yoojeong Choi
Publication Date:
04-2023
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
The economic situation in North Korea is worsening. If an economic crisis occurs in North Korea, the first thing that will be pursued is humanitarian aid from the international community. North Korea's problems should not spread beyond North Korea, and above all, the international community should help ensure that the residents of North Korea can live at a minimum level of respect as human beings. This article aims to examine international humanitarian aid to North Korea and multilateral cooperation. We will examine how international humanitarian aid to North Korea has been carried out so far, what North Korea's position is on international support, and what the achievements of multilateral cooperation have been.
Topic:
Economics, Humanitarian Aid, and Multilateralism
Political Geography:
Asia and North Korea

8. The changing dynamics of the G7, G20 and BRICS: Informal multilateral cooperation is increasingly important in an era of strategic competition

Author:
Juha Jokela and Alana Saul
Publication Date:
04-2023
Content Type:
Policy Brief
Institution:
Finnish Institute of International Affairs (FIIA)
Abstract:
Increasing strategic competition among major powers has had a negative effect on the efficacy of formal multilateral cooperation. This has also been reflected in informal forums such as the G7, G20 and BRICS. Yet some new dynamics have emerged. Since Russia was excluded from the G8 in 2014, the G7 has become a key forum for Western cooperation. Russia’s full-scale invasion of Ukraine has further geared the group towards a stronghold of Western economies and democracies. The BRICS group has continued to meet at leaders’ level, and has consolidated its position. Despite variation in its members’ interests, the group aims to balance the G7, and its importance for China and Russia has been elevated. Currently, the G20 constitutes a forum in which strategic competition can potentially be managed. Along with the G7 and BRICS countries, other powers play an increasingly notable role. The dynamics of the group also displays an increasing “Southernization” of informal multilateral cooperation.
Topic:
European Union, Democracy, Multilateralism, and Strategic Competition
Political Geography:
Russia, China, Europe, Asia, and United States of America

9. Peninsula Plus: Enhancing U.S.–South Korea Alliance Cooperation on China, Multilateralism, and Military and Security Technologies

Author:
Jacob Stokes and Joshua Fitt
Publication Date:
03-2023
Content Type:
Working Paper
Institution:
Center for a New American Security (CNAS)
Abstract:
The United States–Republic of Korea (ROK or South Korea) alliance has entered a critical phase. In 2023, the two countries will commemorate the 70th anniversary of signing their bilateral mutual defense treaty. This year also marks the first full year under national leaders President Joe Biden and President Yoon Suk Yeol. After several challenging years in the two countries’ relationship, ties are improving. Better alliance relations have, unfortunately, coincided with a deterioration in the regional and global security environment, specifically due to threats from North Korea, China, and Russia. This report examines the U.S.-ROK alliance as it adapts to the new regional context by exploring how the United States and South Korea can sustain and deepen their relationship in three vital policy areas: coordination on China, alignment in minilateral and multilateral settings, and defense technology collaboration. Perhaps the biggest shift in alliance priorities in recent years has been the growing importance of the China challenge. During Chinese Communist Party General Secretary Xi Jinping’s decade in power, Beijing has adopted a more muscular foreign policy. Both the United States and South Korea have reshaped their approaches toward China in response. ROK concerns about China have grown as Beijing shields Pyongyang and acts aggressively elsewhere in the region, including toward Taiwan. But South Korea’s approach to China will continue to differ from that of the United States. The allies have divergent preferences regarding the speed, manner, and degree of partial decoupling with China. Moreover, South Korea’s deep trade ties with China will continue to make it vulnerable to Chinese political and economic coercion.
Topic:
Security, Science and Technology, Alliance, Multilateralism, Cooperation, and Military
Political Geography:
China, Asia, South Korea, and United States of America

10. Chinese and Russian Efforts to Undermine the Global Internet

Author:
Justin Sherman
Publication Date:
12-2023
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
Beijing and Moscow’s prevailing term was (and is) cyber “sovereignty.” Underpinning this perspective in China is an emphasis on the importance of “sovereignty” broadly and the importance of multilateralism, where governments are the driver of decision-making, over multistakeholderism (the current global internet governance approach), where academics, members of civil society, companies, and others have a voice alongside governments. The Russian government’s perspective draws on the Russian concept of “information security,” its belief in the importance of “sovereignty” to security, and its officials’ paranoia about “color revolutions” in other countries like Ukraine; Putin believes these events are the result of foreign interference and could occur in Russia. Although there are many general similarities between the two, Chinese and Russian officials do not view the global internet in exactly the same way.
Topic:
Sovereignty, Internet, Multilateralism, and Information Security
Political Geography:
Russia, China, and Asia