Fedorovsky Aleksander
Сhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea. Outlines of global transformations: politics, economics, law. 2020;13(5):204–218.
Publication Type:

ISSN 2542-0240

DOI 10.23932/2542-0240-2020-13-5-12

The article analyzes the South Korean experience of dealing with the crisis phenomena that most countries faced at the national and global levels in 2020. The fact that the spread of the COVID-19 pandemic has exacerbated the previously negative internal and external trends has made the problems of socio-economic development of the Republic of Korea more acute. Among them - the chronic difficulties of South Korean small and medium-sized businesses, the pressure by the president Trump’s protectionist measures in the US-South Korean and international trade in general, the consequences of the aggravation of the US-China standoff. The key challenges associated with the imposition of negative external factors on existing internal imbalances are evaluated. The analysis of the state policy to counteract the spread of the COVID-19 virus is carried out. The article examines the prerequisites for the stability of the national economy and the anti-crisis measures taken to resist internal and external challenges in the context of the pandemic, and assesses the prospects for correcting the development course that has developed in the Republic of Korea in recent years. The role of the created complex of innovative industries and modern medical support system is emphasized. The importance of public confidence in the government’s preventive health measures is noted. It shows, on the one hand, the importance of international value chains as a possible source of instability risk in the context of a pandemic, and, on the other hand, the potential of medical-related industries to maintain the dynamics of foreign economic relations. The importance of coordinating anti-crisis measures with China for the Republic of Korea in creating conditions that limit the spread of COVID-19 while maintaining the stable operation of major industries is noted. The prospects for Seoul’s participation in regional projects are evaluated, as an example, the activation of exports to ASEAN member countries of medical equipment and technologies aimed at combating the pandemic is given.

Keywords: the Republic of Korea | China | USA | ASEAN | COVID-19 | anticrisis measures | regional integration |

Russian Science Citation Index


Davydov Oleg
К итогам поездки президента Республики Корея Мун Чже Ина в КНР [Текст] / О. В. Давыдов // Russia Policy Review [на корейском языке]. – 2018. – Т. 2. – № 1. – С. 39-41.

Fedorovsky Aleksander
К итогам визита Президента Республики Корея Мун Чже Ина в страны Центральной Азии [Текст] / А. Н. Федоровский // Russia Policy Review [на корейском языке]. – 2019. – Т. 3. – № 2. – С. 22-24

Voda Kristina
Новая эпоха «Рэйва» в Японии. Политические задачи // Свободная мысль. 2020. № 1. С. 51-62.

Kanaev Evgeny, Akhmanaeva S., Vaseneva E.A.
Achieving the Vision of the ASEAN Economic Community-2025: The Role of ASEAN Business Advisory Council

Fedorovsky Aleksander
Priorities of the Republic of Korea in Integration Projects

Zaklyazminskaya Ekaterina
Strategies for Recovery of the Tourism Industry of ASEAN Countries during the COVID-19 Pandemic, and China factor

Sinitsyn Mikhail
China as the Global Leader of Road Vehicle Electrification: Oil Market Risks

Rogozhin Alexander
Экономические отношения стран АСЕАН И Китая – взгляд без иллюзий [Текст] / А.А. Рогожин // Юго-Восточная Азия: актуальные проблемы развития. – 2017. – № 34. – С. 34-39.

Frolov Alexander
Пандемия всколыхнула волну майданов и кризисов // Обозреватель-Observer. 2020. № 11 (370). С. 2-36.

Fedorovsky A. The Republic of Korea at the stage of post-authoritarian modernization. – Moscow, IMEMO, 2017. – 39 p.

Illeritsky Nikita
Конкуренция атомной энергетики и газа в энергобалансе Японии и Южной Кореи: влияние на рынок СПГ // Проблемы экономики и управления нефтегазовым комплексом. 2023. № 6 (222). С. 47-58. DOI 10.33285/1999-6942-2023-6(222)-47-58.

Frolov Alexander
Коронавирус форматирует проблемы безопасности // Вестник РМАТ. 2020. № 4. С. 9-17.

East Asia between regionalism and globalism. Ed. by Gennady Chufrin. Singapore, 2006, 116 p.

На скрещении мировых и локальных закономерностей: Россия, КНР и Республика Корея. Ответственный редактор чл.-корр. РАН Симония Н.А. М., ИМЭМО РАН, 1996, 10 п.л.

Portansky Alexey
The pandemic is delaying solutions to the most pressing problems of global trade while creating new challenges

Arteev Sergei
COVID-19 Pandemic: Conspiracy and Anti-Conspiracy

Solyanova Maria
Пандемия COVID-19: ключевые факторы развития политики Канады в социальной сфере // Общественные науки и современность. 2021. № 6. С. 73-90. DOI 10.31857/S086904990017875-4.

Kupina Lyudmila
Торговля Республики Корея со странами Центральной Азии в XXI веке // Проблемы Дальнего Востока. 2021. № 1. С. 60-75. DOI 10.31857/S013128120012758-4.

Guchanova Anastasia
Здравоохранение в повестке президента Джо Байдена // Россия и Америка в XXI веке : электронный научный журнал. 2021. № 3. DOI 10.18254/S207054760016999-5. URL: https://rusus.jes.su/s207054760016999-5-1/ . Дата публикации: 13.10.2021.

Gilkova Olga
Экономическое обеспечение военной безопасности КНР в посткризисный период пандемии COVID-19 // Экономика и предпринимательство. 2022. Т. 16, № 6 (143). С. 82-87. DOI 10.34925/EIP.2022.143.6.013.
Related publications

Comments (0)

No comments

Add comment

First news
Institute News

A meeting of the Academic council of IMEMO was hold at the Academician N.N. Inozemtsev conference hall.



The next issue of the MEMO Journal (No. 7 for 2024) opens with the topical rubric "Security Problems in the Modern World", which features articles by A. Arbatov "The Bearing Structure of Global Security" and A. Krivopalov "The Southern Flank of U.S. Deployment in Eastern Europe".


Recently Published