Russian Arctic Development Strategy and New Possibility for Korea-Russia Cooperation

6 Pages Posted: 29 Aug 2014

See all articles by Sung Hoon Jeh

Sung Hoon Jeh

Korea Institute for International Economic Policy

Jiyoung Min

Korea Institute for International Economic Policy

Date Written: May 16, 2014

Abstract

The ice in the Arctic sea halved since 1979 with global warming. Today ships can float for 150 days in a year and natural resources in the region are accessible. Naturally, the Arctic is gaining geopolitical and geoeconomic importance with the thawing of icebergs in the post-cold war era. Cooperation with Russia in the Arctic has significant meaning to Korea because the majority of hydrocarbon resources in the region is reserved in the Russian Arctic region; the Northern Sea Route is under the authority of the Russian Federation; and Russia is an influential participant in the Arctic governance such as the Arctic Council and the BEAC. The study provides an analysis of Russia’s Arctic development strategies and cooperation with major partners and proposes how to foster and strengthen Korea-Russia cooperation regarding the Arctic issues from establishing a comprehensive strategy to joining investment projects.

Keywords: Arctic Development, Arctic economics, Comprehensive Arctic Plan, Korea, Economic cooperation, Russia

Suggested Citation

Jeh, Sung Hoon and Min, Jiyoung, Russian Arctic Development Strategy and New Possibility for Korea-Russia Cooperation (May 16, 2014). KIEP Research Paper No. World Economic Update 14-20. Available at SSRN: https://ssrn.com/abstract=2488331 or http://dx.doi.org/10.2139/ssrn.2488331

Sung Hoon Jeh (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jiyoung Min

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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