The Korea Times | 송경진 (사)혁신경제 사무총장, 파이낸셜뉴스 글로벌이슈센터장, 전 세계경제연구원 원장
One question I hear more often than others these days, especially from foreign friends in Seoul and abroad, is, "When can we expect the Korean government to officially announce its Indo-Pacific strategy?" I then answer: "As promised." But in fact, I, too, am curious myself when it will come out.
Since President Yoon Suk-yeol announced that he will formulate Korea's own Indo-Pacific strategy framework when he met United States President Joe Biden on May 21, the international community welcomed it and has had high hopes of having it presented to them as soon as possible.
Although the Korean government said it would make it available by the end of the year, it seems that the patience of the international community is wearing thin, wishing to know its interim progress, at least in terms of timing and substance, instead of having to keep guessing.
One can easily figure out the major difficulties surrounding formulating Korea's Indo-Pacific strategy framework. That is, the United States is its ally and China is its largest trading partner. Hence, Koreans feel its country is a shrimp among whales, despite its enhanced economic prowess and international standing. Many are suspecting that this peculiar predicament of Korea may be holding it back in making substantial progress leading up to its own Indo-Pacific strategy framework as promised.