Skip to main content

Park’s Central Asia Tour Reaffirms South Korea’s Eurasian Vision

Richard Weitz

South Korean President Park Geun-hye’s high-profile six-day visit to Central Asia last week imparted further momentum to her “Eurasia initiative,” intended to deepen South Korean ties with that energy-rich but geopolitically volatile region. The trip also highlighted South Korea’s value to Washington at a time when the U.S. role and influence in the region is declining due to the ebbing U.S. military presence in Afghanistan and strained relations between the United States and the other two great powers active in the region, Russia and China.

Park announced her Eurasia initiative last October. The declared goal is to remove physical and other barriers to greater economic exchanges among South Korea, other Asian countries and Europe. In Central Asia, that means building new infrastructure, increasing regional foreign investment and enhancing regional security. Other governments such as China, Russia and the United States have also been launching similar initiatives to bolster economic integration in Central Asia to help the region resume its key conduit role as a new Silk Road linking Asia and Europe. Park’s entourage included a large delegation of South Korean business executives eager to pursue economic opportunities in the region. …

Click here to read the full article.

Related Articles

India and the Global Economy

Husain Haqqani & Aparna Pande

A collection of essays presented at the Hudson Institute-Observer Research Foundation Roundtable on “India’s Economic Engagements with the World,...

View PDF

The Risky Business Of A Carbon Tax

Lee Lane

A panel of notables, co-chaired by Michael Bloomberg, Henry Paulson, and Thomas Steyer, has launched a new effort to sell the idea of more U.S. action...

Continue Reading

Don't Believe the Hype about the Renminbi

John Lee

A report by the Institute of International Finance last week showing that the use of the Chinese renminbi has become the sixth most used currency in g...

Continue Reading