The Korea Times | Song Kyungjin, Head of the Seoul-based Innovative Economy Forum
Day of Input: 2023.01.04
Korean diplomacy wrapped up 2022 with the announcement of its Indo-Pacific strategy just before the year-end, as promised. I welcome the government's effort and its comprehensive Indo-Pacific strategy. It is a strategy for a free, peaceful and prosperous Indo-Pacific region with three overt principles of cooperation ― inclusiveness, trust and reciprocity ― and with nine core lines of effort. Korea's Indo-Pacific reaches out even to the African Indian Ocean, Europe and Latin America, expanding its geographical boundaries further than other countries with their own Indo-Pacific strategies.
A free, peaceful and prosperous Indo-Pacific region is of particular significance for Korea's national interests, when the region accounts for 62 percent of the world's GDP and 46 percent of global trade and 78 percent and 67 percent of Korea's exports and imports. Hence, not just economic security but also maritime security is critically important for safeguarding and promoting Korea's national interests.