South Korea

Continuing the Story of the Hijacked Tanker and Frozen Funds

In early 2021, we wrote about the Iranian seizure of a South Korean tanker and how this precedent actually demonstrates a number of unresolved problems, most notably the problem of Iranian assets in South Korean banks intended to pay for Iranian crude oil imports and frozen because of US sanctions. Recall:  Iran has repeatedly urged Seoul […]

Two Parallel Visits, or “We’ll Dance with Both of You”

Two important visits took place on April 2-3, 2021, the combination of which perfectly illustrated the difficult situation in which Seoul finds itself amid the standoff between Beijing and Washington. On the one hand, the US is South Korea’s main military and political ally, and the policy of rebuilding alliances that the new President Biden […]

Will Conservatives Succeed or Fail After April Elections?

On 8 April, Moon Jae-in said the ruling party’s defeat was a “rebuke from the people” and pledged to discharge his duties “with an even greater sense of responsibility, focusing on meeting the desperate demands of the people”. As presidential spokesman Kang Min-seok said, “The president has pledged to spare no effort to realize the […]

The Future of Korea’s Domestic Policy Following the April 2021 Elections

On April 7, early elections were held in the Republic of Korea for the heads of four administrative units, including the mayors of the country’s two largest cities: Seoul and Busan, as well as 17 deputies of local legislative assemblies. According to the results of the vote count, the opposition Power of the People party […]

On Russia’s Foreign Minister’s Visit to Seoul

On March 23 – 25, 2021, Russia’s Foreign Minister, Sergey Lavrov, visited South Korea. This was Lavrov’s first visit to Seoul since 2013, when he accompanied President Vladimir Putin. And before that, Lavrov had visited Seoul in 2009, after a trip to North Korea. This year’s event, devoted to the 30th anniversary of diplomatic relationship […]

The Lead-up to the Local By-elections in the Republic of Korea

On April 7, 2021 the South Korean ruling regime’s strength will be seriously put to the test. Unplanned elections will be held for the mayors of Seoul and Busan, the country’s capital and its second-largest city, which is a seaport in its southern part. In both cases, the elections were triggered by scandals related to […]