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The formulation of Korea's resource policy : Resource diplomacy, public-private consortium and international agreements

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  • The formulation of Korea's resource policy
  • Kim, Joongi
  • National Taiwan University


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Title The formulation of Korea's resource policy
Similar Titles
Sub Title

Resource diplomacy, public-private consortium and international agreements

Material Type Articles
Author(English)

Kim, Joongi

Publisher

[Taipei City, Taiwan]:National Taiwan University

Date 2014-03
Journal Title; Vol./Issue Asian Journal of WTO & International Health Law and Policy:vol. 9(no. 1)
Pages 43
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Energy
Government and Law < International Politics
Holding SSRN

Abstract

As one of the world’s most resource dependent countries, Korea has been trying to utilize a proactive resource policy to obtain energy, food and minerals from overseas resource providers. Government-owned and government-controlled enterprises largely in consortium with private sector companies have become key actors in this process. From passively purchasing resources through the marketplace, they have instead begun to pursue direct ownership, development and investment arrangements, leading to a reconfiguration in relations vis-à-vis resource-providing countries. To prepare for reunification and due to pressure to delink unconditional aid, Korea has been unable to use development aid or other forms of government assistance as part of its overseas resource policy. An underappreciated aspect of Korea’s transition has been the contributions of international agreements in laying the foundations for this new brand of resource policies. (The rest omitted)