The election of conservative Yoon Suk-yeol as South Korea's next president has raised questions over the future direction of relations between Seoul and Beijing, with the former prosecutor making clear he plans to strengthen trade and security ties with Washington.
Do you have questions about the biggest topics and trends from around the world? Get the answers with, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The deployment enraged Beijing, which responded with swift economic retribution against Seoul. China claims the American anti-ballistic missile defense system enables the US to spy on its territory.
After Yoon takes office in May, South Korea is expected to join the trade framework and play a key role in a new US-centred supply chain, given its strengths in producing semiconductors and EV batteries. "The Moon government worked with the US to improve supply chain resilience, but mostly within the framework of the US-South Korea alliance at a bilateral level," said Andrew Yeo, a senior fellow and the SK-Korea Foundation Chair in Korean Studies at the Brookings Institution's Centre for East Asia Policy Studies.
Source: Financial Digest (financialdigest.net)
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