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A Study on the Establishment of the Korea-Russia Trade Activation with the Arctic Sea Route Cooperation

북극항로 협력 등 한-러 무역활성화 구축을 위한 연구

  • Kim, Bong-chul (Division of International Studies, Hankuk University of Foreign Studies)
  • 김봉철 (한국외국어대학교 국제학부)
  • Received : 2019.07.29
  • Accepted : 2019.08.22
  • Published : 2019.08.31

Abstract

This article analyzes issues regarding the economic development of the arctic area with the aim of finding ways to help solve the problems and to support sustainable economic development of the arctic area. Some proposals are introduced for establishing a sound legal infrastructure of the Korea-Russia economic development of the arctic area. As Russia develops the Arctic area and the route through the Arctic area, Korea will gain the possibility of transportation efficiency, vitalization of international transaction, and finding new markets. Resource development in the North Pole is ongoing, with matching international transaction and economic benefits. To reflect the Korea-Russia interests and to sustain the effect, the legal infrastructure is inevitable. For example, it would be reinforced by pushing forward the Korea-Russia FTA. The legal infrastructure for economic cooperation of Korea and Russia has to reflect that 'the development of the Arctic area and making the route through the Arctic area' should increase the sustainability and vitality of international transaction. The legal infrastructure for economic benefits can also help mitigating non-economic arguments of international community such as the security risk in the Korean-peninsula and around the world.

Keywords

Acknowledgement

This work was supported by the Polar Academic Program (PE18900) of the Korea Polar Research Institute and the 2019 Hankuk University of Foreign Studies Research Fund.

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