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외국인 기업의 남북경협 참여 활성화 방안(Policy Measures for Foreign Firms to Participate in Inter-Korean Economic Cooperation)

Author

Listed:
  • Choi, Jangho

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Rhee, Jung-kyun

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Choi, Yoojeong

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Lee, Dae-eun

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

Abstract

이 연구는 외국인 기업이 남북경협에 참여한다면 어떤 문제가 발생할 것인가에 대한 물음에서 시작되었다. 외국인 기업의 남북경협 참여는 남북관계가 개선되어 경협이 재개될 경우 잠재적으로 부상할 수 있는 주제이다. 그동안 외국인 기업의 남북경협 참여 문제는 주로 개성공단 국제화에 대한 논의를 중심으로 이루어졌다. 외국인 기업의 개성공단 진출 문제는 2005~16년 간헐적으로 검토되었으나 실질적인 성과로 이어지지 못했다. This research stemmed from an inquiry into what issues would surfaceif foreign firms engaged in inter-Korean economic cooperation, recognizing this as a topic that could potentially emerge if inter-Korearelations improve and economic cooperation resumes. So far, the issueof foreign firms participating in inter-Korean economic cooperationhas been focused on internationalizing the Kaesong IndustrialComplex. Although the issue of foreign firms entering into Kaesong wasintermittently reviewed from 2005 to 2016, it did not lead to tangibleresults. The objective of this research was to examine the various conditionsfor foreign firms to participate in inter-Korean economic cooperationand propose stimulation measures. For this, we (1) analyzed thetheoretical background and the political/industrial incentives forforeign firm participation in inter-Korean cooperation, (2) investigatedcentral and local government policies towards North Korea and casestudies of foreign firms which had participated in inter-Koreaneconomic cooperation, (3) examined how other countries utilized foreign firms during economic integration, and (4) reviewed institutionaland non-institutional measures to promote the participation of foreignfirms in inter-Korean economic cooperation. In addition, we alsoreviewed foreign firm participation in multiple inter-Korean economiccooperation projects. Our research defined foreign firm activity ininter-Korean economic cooperation as firms partaking in projectsimplemented in North Korea via South Korea. To begin with, in Chapter 2, we review the need for foreign firms’participation in inter-Korean economic cooperation from a theoreticalbackground and political/industrial demand. On the theoretical side, we examined the theories of a peace economy and capitalist peace, and reviewed the debate of foreign investment on economic growth. In addition, we also reviewed the political/industrial demand, such aseconomic incentives for inter-Korean cooperation projects, as well asexploring new methods, financing funds for North Korea’s developmentwhile sharing the benefits with the international community, and sectorsthat foreign firms can advance into when participating in inter-Koreaneconomic cooperation.(the rest omitted)

Suggested Citation

  • Choi, Jangho & Rhee, Jung-kyun & Choi, Yoojeong & Lee, Dae-eun, 2021. "외국인 기업의 남북경협 참여 활성화 방안(Policy Measures for Foreign Firms to Participate in Inter-Korean Economic Cooperation)," Policy Analyses 21-11, Korea Institute for International Economic Policy.
  • Handle: RePEc:ris:kieppa:2021_011
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    Keywords

    북한경제; 외국인직접투자; Labor economy; foreign direct investment;
    All these keywords.

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