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South Korea

WHAT'S NEXT?: South Korea may go nuclear if Trump cancels the missile deployment and leaves the country alone facing the North's threats. With the President facing an impeachment vote and mass demonstrations on the streets political and economic turmoil may follow. Chinese markets has already shaken South Korea, where central bankers downgraded their forecasts for economic growth.

[New] The world's biggest economies have pledged to become carbon-neutral: the United States, EU, UK, Japan, and South Korea by 2050, and China by 2060.
[New] Last year, the government of South Korea said it aims to launch a pilot project for not-yet-standardized 6G mobile services in 2026.
[New] The US, China, India, Indonesia, and South Korea will probably be the only major economies to exceed pre-pandemic GDP levels by the end of 2021.
[New] North Korea's decision deprives South Korea and other nations of a rare opportunity to establish official contact with the isolated country.
[New] With the Regional Comprehensive Economic Partnership (RCEP), the ten ASEAN countries together with Japan, China, South Korea, Australia and New Zealand will establish the largest free trade area in the world.
[New] In the greater East Asia region, consisting of Japan, South Korea, China and the Association of Southeast Asian nations, economic integration via trade, investment, supply chains and digital connectivity will accelerate.
[New] The Biden administration has stepped up efforts to bolster cooperation with allies South Korea and Japan, focused on China's growing influence and the North Korean nuclear threat.
[New] We can expect to see further cooperation with Asia Pacific economies, particularly Australia, India, Japan and South Korea.
[New] In Japan and South Korea, artificial intelligence-powered robots are used in language instruction, giving students the opportunity to practice their language skills by engaging AI in chats.
[New] The Biden administration will soon complete its review of North Korea policy, in consultation with South Korea, Japan and other allies.
[New] Xiaomi will launch mid-range smartphones in South Korea to expand market share.
[New] South Korea is expected to make an economic comeback, but at a relatively slower rate of 3.1%, based on an assessment by the International Monetary Fund.
The Biden administration approach, for now, is a familiar one - to use the threat of North Korea to push Japan and South Korea back into some kind of functional relationship.
Denuclearisation will remain at the centre of United States policy towards North Korea and any approach to Pyongyang will have to be done in lockstep with close allies, including Japan and South Korea.
APAC has several growing economies, such as China, South Korea, Australia and Japan, which are expected to register high growth in the 5G services market.
North Korea is the primary threat to South Korea's security and that aircraft carriers, designed to project air power far from a state's shores, are imprudent and superfluous.
Forrest remains optimistic, pointing to China's ambition to have over a million hydrogen fuel-cell vehicles on the road by 2030 along with plans in Japan and South Korea to increase their use.
Even though United Nations Framework Convention on Climate Change partners are expected to report their GHG emissions, countries such as China, India and South Korea have not reported emissions of SF 6.
Few will expect Singapore - currently ranked 33rd in Asia and 158th in the world - to leapfrog continental powerhouses such as Japan, South Korea, Australia, Iran, Qatar and Saudi Arabia, or even second-tier teams like China and North Korea, to take their places.
Strong rural-urban linkages in Japan, Taiwan, and coastal China provided farmers with more economic opportunities than was the case in South Korea or in the Chinese interior.
Forrest remains optimistic, pointing to China's ambition to have more than a million hydrogen fuel-cell vehicles on the road by 2030 along with plans in Japan and South Korea to increase their use.

Last updated: 14 April 2021

South Korea

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