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Addressing South Korea’s greatest strategic vulnerability : Options for decreasing energy dependency

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  • Addressing South Korea’s greatest strategic vulnerability
  • Hutchinson, George Alan
  • International Council on Korean Studies


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Title Addressing South Korea’s greatest strategic vulnerability
Similar Titles
Sub Title

Options for decreasing energy dependency

Material Type Articles
Author(English)

Hutchinson, George Alan

Publisher

[Washington, D.C.]:International Council on Korean Studies

Date 2009
Journal Title; Vol./Issue International Journal of Korean Studies:vol. 13(no. 1)
Pages 23
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Energy
Territorial Development < Environment
Holding ICKS

Abstract

South Korea is almost entirely dependent on foreign imports for its energy needs. For oil, the country is completely reliant on imports. Korea is actually one of the world’s leading petroleum importers, depending on the Middle East for over 80 percent of its imports. This form of dependency, or “super-dependency,” presents perilous risks for the country’s strategic outlook. In order for Korea to avoid becoming hopelessly marginalized by global petroleum price volatility, increasingly competitive world demand, and associated geopolitical hazards, South Korea must develop a viable strategy to address this strategic vulnerability. This paper explores Korea’s energy superdependency, examines past and present energy policies and mitigating strategies, and assesses whether the current path will effectively put the country on course to reduce risk, overcome its fragility and move forward with a sound energy plan. Finally, options and ideas are proposed for further consideration and evaluation by Korea’s energy strategists.