Economic Ties of the Russian Far East with the Korean States

321
DOI: 10.20542/0131-2227-2019-63-11-114-121

L. Zabrovskaya (larisa_zabrovska@mail.ru),
The Far Eastem Branch of Russian Academy of Sciences Institute of istory, Archaeology and Ethnology (FEB RAS I), 89, Pushkinskaya Str., Vladivostok, 690001, Russian Federation 

Abstract. The article investigates the issue of trade and economic ties between the Far Eastern regions of Russia and the countries of the Korean peninsula. The reasons for the slowing of economic cooperation are revealed. South Korean business strategy is to cover a large area of the Russian Far East with small projects in order to monitor the socioeconomic processes in various areas of life on these territories. By maintaining ties with the Russian Far East, the South Korean business is tackling its tasks in confronting the challenges of globalization, and is increasing its competitiveness in rivalry with China and Japan for markets and energy resources. Remaining the second largest economic partner of the Russian Far East after China, South Korea is seeking to turn economic ties with Russian regions into an effective tool for confronting its economic rivals. For South Korean business, it is also important that Russia is able to contribute to the expansion of inter-Korean economic ties by leading tripartite economic projects. Considering the growing influence of China in East Asia and the expansion of Russian-Chinese cooperation in the field of energy, Russia needs to create a balance of economic partners by increasing cooperation with other countries of the region, in particular, with the DPRK and the ROK. This becomes relevant also because both Korean states are extremely interested in maintaining close trade and economic ties with Russia in general, and with the Russian Far East in particular. Although the volume, content and quality of these ties with both Korean states are not comparable, the significance of economic relations with each of them is important for the further development of the Russian Far East. Their value also lies in the possibility of providing technology, investment and labor. It is concluded that international economic sanctions did not reduce the interest of the Korean states in cooperation with the Russian Far East, but led to a slowdown in the development of foreign trade. 

Keywords: Russia, the DPRK, the Republic of Korea, trade and economic relations, investments 


REFERENCES

1. Bazhanova N.E. Vneshneekonomicheskie svyazi KNDR. V poiskakh vykhoda iz tupika [Foreign Economic Relations of the DPRK. In Search of a Way out of the Impasse]. Moscow, Nauka Publ., 1993. 216 p.

2. Zabrovskaya L.V. Strategiya i osnovnye napravleniya politiki Rossii v otnoshenii KNDR posle zaversheniya “kholodnoi voiny” [Strategy and Main Directions of the Russian Policy towards the DPRK after the End of the Cold War] Moscow, Morskoi gosuniversitet, 2011. 300 p.

3. Renzin O.M. Ekonomicheskie otnosheniya Rossii i KNDR i razvitie Dal›nego Vostoka [Economic Relations between Russia and the DPRK and the Development of the Far East]. Razvitie Dal’nego Vostoka: vliyanie global’nykh i natsional’nykh shokov [The Development of the Far East: Global and National Shocks]. Khabarovsk, IEI DVO RAN, 2016, pp. 120-125.

4. Russian Statistical Yearbook. 2017. Moscow, Rosstat, 2017. 686 p. (In Russ.)

5. Russian Statistical Yearbook. 2018. Moscow, Rosstat, 2018. 689 p. (In Russ.)

6. Foreign Trade of the Russian Federation with Foreign Countries (In Russ.) Available at: http://www.gks.ru/bgd/regl/b18_11/IssWWW.exe/Stg/d02/25-05.doc (accessed 04.05.2019).

7. Between Russia and the DPRK Passed the First Settlements in Rubles (In Russ.) Available at: https://minvr.ru/press-center/news/1174/ (accessed 26.02.2018).

8. Korostikov M. Ostrov – Russkii, vozhd’ – koreiskii [The Island is Russian, the Leader is Korean]. Available at: https://news.mail.ru/politics/37063055/?frommail=1 (accessed 26.05.2019).

9. Review of Foreign Trade Activities of the Far East for 2017. Tamozhennaya politika Rossii na Dal’nem Vostoke, 2018, no. 1(82), pp. 110-118. (In Russ.)

10. Customs Statistics of Foreign Trade. Foreign Trade of the FEFD. 2018 (In Russ.) Available at: http://dvtu.customs.ru/attachments/article/25739/%20%203-%20.xls

11. Vorontsov A.V. Metamorfozy na Koreiskom poluostrove v 2018 g. [Metamorphosis on the Korean Peninsula in 2018]. Aziya i Afrika segodnya, 2018, no. 11, pp. 10-17.

12. Ivashentsov G.A., Koroteev S.S., Melamed I.I. Aziatsko-Tikhookeanskii region i Vostochnye territorii Rossii: prognozy dolgosrochnogo razvitiya [Asia-Pacific and Eastern Territories of Russia: Projections for Long-Term Development]. Moscow, KRASAND, 2014. 160 p.

13. Rossiya v Aziatsko-Tikhookeanskom regione: perspektivy integratsii [Russia in the Asia-Pacific Region: Prospects for Integration]. A monograph, in 2 books. Part 2. Melamed I.I., ed. Vladivostok, Publishing House of Dal’nevost. Federal University, 2011. 740 p.

14. Korea Can Become One of Russia’s Partners in the Development of the Far East (In Russ.) Available at: https://minvr.ru/press-center/news/5330/ (accessed 04.02.2018).

15. Kalinina V. Koreiskim investoram na Dal’nem Vostoke vklyuchili zelenyi svetofor [In the Far East the Green Light was turned on to Korean Investors]. Dalnevostochnyi capital, 2017, no. 7.

16. Son Won Yong. U koreiskogo biznesa k Dal’nemu Vostoku poka interes so strakhom [The Korean Business has a Fearful Interest in the Far East]. Dal’nevostochnyi capital, 2017, no. 5.

17. IV Far Eastern Russian-Korean Forum. June 23–24, 2014. Vladivostok, 2014. 174 p. (In Russ.)

18. VI Far Eastern Russian-Korean Forum. June 7–8, 2016. Vladivostok, 2016. 181 p. (In Russ.)

19. VII Far Eastern Russian-Korean Forum. April 19, 2017. Vladivostok, 2017. 173 p. (In Russ.)

20. VIII - . 16 2018. , 2018. 196 . [VIII Far Eastern Russian-Korean Forum. May 16, 2018. Vladivostok, 2018. 196 p. (In Russ.)]

21. Kostyunina G. Yuzhnokoreiskaya politika uchastiya v regional›nykh torgovykh soglasheniyakh [South Korean Policy of Participation in Regional Trade Agreements]. Mezhdunarodnaya zhizn’, 2017, no. 3, pp. 82-95.


Registered in System SCIENCE INDEX

For citation:
Zabrovskaya L. Economic Ties of the Russian Far East with the Korean States. World Eonomy and International Relations, 2019, vol. 63, no. 11, pp. 114-121. https://doi.org/10.20542/0131-2227-2019-63-11-114-121



Comments (0)

No comments

Add comment







Indexed

 

 

 

 

Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies

 

Current Issue
2024, vol. 68, No. 4
Topical Themes of the Issue:
  • Financial Contagion Propagation in Europe under the Impact of Global Shocks
  • Regional Powers on the African Continent: Trends and Prospects
  • Investment Activity of the PRC in the Kyrgyz Republic
  • “Land Grabbing” Concept: Global and National Aspects
Submit an Article
INVITATION FOR PUBLICATION
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.