South Korea

  • TRADE IN ACTION October 6, 2017

    Lagarde October 6 Newsletter Tile
    THIS WEEK IN TRADE
    South Korea indicated on Wednesday it was open to talks on revising a 2012 trade pact with the United States after initial differences that followed President Donald Trump's threat to terminate the accord unless it was renegotiated. 

    Read More
  • Trudeau Delivers Rallying Cry to Save Global Order

    Canadian prime minister, South Korean president, pianist Lang Lang receive Atlantic Council’s Global Citizen Award

    Justin Trudeau, Canada’s prime minister and the recipient of the Atlantic Council’s 2017 Global Citizen Award, on September 19 delivered a passionate rallying cry to protect the alliances that have underpinned global security and prosperity since the end of World War II, warning that this decades-old global order is not cast in stone.

    “Worldwide, the long-established international order is being tested,” Trudeau said, noting that Russia’s annexation of Crimea in 2014 and its subsequent encroachment in Ukraine marked the first major territorial seizure in Europe since World War II.

    “This is not the time for retrenchment,” said Trudeau. “This is a time for the Atlantic democracies to renew our commitment to universal standards of rights and liberty enforced through a multilateral rules-based order that has promoted peace and stability, and stood the test of time.”

    Read More
  • Trudeau, Moon, Lang Lang to Receive Atlantic Council Award

    Canadian Prime Minister Justin Trudeau, South Korean President Moon Jae-in, and Chinese pianist, educator, and philanthropist Lang Lang will be honored at the Atlantic Council’s eighth annual Global Citizen Awards reception in New York on September 19.

    The Global Citizen Award celebrates contributions by individuals toward improving the state of the world.

    Read More
  • A Strategy for Dealing with North Korea

    Former US undersecretary of state, R. Nicholas Burns, discusses US options, the importance of Chinese pressure, and lessons learned from the Iran nuclear crisis

    New sanctions imposed by the United Nations Security Council on September 11 in response to North Korea’s latest nuclear test are “not significant enough,” according to R. Nicholas Burns, an Atlantic Council board member who served as undersecretary of state for political affairs in the George W. Bush administration.

    Sanctions must be part of a “patient long-term strategy” that includes deterrence, working closely with allies, and negotiations, said Burns, laying out the United States’ options for dealing with the North Korean crisis. 

    Capping a summer marked by defiant intercontinental ballistic missile (ICBM) tests, North Korean leader Kim Jong-un dramatically escalated the crisis on September 3 by successfully testing a miniaturized hydrogen bomb that is capable of being placed on an ICBM. On September 15, North Korea launched a missile over Japan—it's second such act in just over two weeks. The test was in defiance of a fresh round of sanctions imposed by the United Nations Security Council on North Korea earlier in September. 

    As the third-highest-ranking official at the State Department from 2005 to 2008, Burns was the lead US negotiator on Iran’s nuclear program. Drawing on that experience, he emphasized the need for a multilateral approach to defuse the North Korean crisis. China, he said, would be a critical player in such an approach.

    Read More
  • The United States’ ‘Horrible Options’ for Dealing with North Korea

    With Kim Jong-un ratcheting up tensions on the Korean Peninsula, US President Donald J. Trump is left with two “horrible” options to deal with the threat posed by the North Korean regime, according to Atlantic Council board member and a former acting and deputy director of the Central Intelligence Agency (CIA), Michael Morell.

    Acknowledging that he has “serious doubts” about the effectiveness of diplomacy to defuse the crisis, Morell said that a non-diplomatic solution leaves the United States with less than palatable alternatives. Washington would have to weigh the options of conducting a pre-emptive strike on North Korea’s missiles and nuclear facilities, or accepting the fact that North Korea has these capabilities and using a strategy of containment and deterrence.

    Both options could leave thousands of people dead, Morell said. “Both options are horrible options. The problem is, it looks like the president of the United States is going to have to choose one of them,” he added.

    Read More
  • North Korea Tests Donald Trump

    North Korea’s missile test over Japan on August 29 came “perilously close” to being an act of war; the question now is how will US President Donald J. Trump react, said the Atlantic Council’s Robert A. Manning.

    In response to past North Korean missile tests, Trump vowed to rain down “fire and fury”  on the hermit kingdom. After the latest test on Aug. 29, he warned Pyongyang that “all options are on the table.”

    “[North Korean leader] Kim Jong-un has threatened to fire missiles at Guam, but the North Koreans are very careful to calibrate their actions so that they fall just under the threshold that would force a US response. However, I think this time there is an accumulation of frustration and anger building in the White House,” said Manning, a resident senior fellow in the Atlantic Council’s Brent Scowcroft Center on International Security. Guam is a US territory and home to the United States’ Andersen Air Force Base.

    Noting Trump’s past rhetoric on North Korea, Manning said: “The missile test is the equivalent of [North Korean leader] Kim [Jong-un] throwing a pie in his face.”

    Read More
  • Trump’s Dangerous War [of Words] with Kim Jong-un

    US President Donald J. Trump should ratchet down his rhetoric on North Korea and instead devote his energy to working with the international community to isolate Pyongyang, according to the Atlantic Council’s Robert A. Manning.

    “There is no imminent threat of attack from North Korea; there is no crisis,” said Manning, a resident senior fellow in the Atlantic Council’s Brent Scowcroft Center on International Security. “This is all in Donald Trump’s head. I don’t see how we benefit from ratcheting up tensions.”

    “It is irresponsible, dangerous, and counterproductive; and it is unfortunate because I think the actual thrust of the policy is going in the right direction,” he added.

    Trump has steadily ratcheted up his rhetoric on North Korea. On August 10, he said his earlier vow to rain down “fire and fury” on North Korea in response to Pyongyang’s efforts to build and launch a nuclear weapon “wasn’t tough enough.”On August 11, Trump tweeted "military solutions are now fully in place, locked and loaded, should North Korea act unwisely."

    Read More
  • Manning Quoted in CNBC on Decrease of South Korean ETFs


    Read More
  • The ‘Existential Threat’ Posed by North Korea

    The Pentagon has confirmed that North Korea launched an intercontinental ballistic missile on July 28. The missile, which landed in the sea off the Japanese coast, flew higher and for longer than the one North Korea tested on July 4. This means it could hit cities in the United States.

    Here is what Atlantic Council analysts had to say about this development.

    Read More
  • Entering a ‘Very Dangerous Era’ With North Korea

    North Korea’s successful test of an intercontinental ballistic missile (ICBM) that has the ability to strike Alaska could embolden Pyongyang to be more aggressive in the future, according to an Atlantic Council analyst.

    “With this nuclear ICBM ‘shield,’ the DPRK [North Korea] likely will be much more aggressive in every other area of its foreign and military policies. We are entering a new and very dangerous era,” said Barry Pavel, a senior vice president, Arnold Kanter Chair, and director of the Atlantic Council's Brent Scowcroft Center on International Security.

    On July 4, six months after Trump had tweeted that a North Korean test of an ICBM capable of reaching the United States “won’t happen,” North Korea said it had tested such a missile that could hit Alaska.

    Read More