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Foreign Firms Investment 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

This paper examines various channels and issues for foreign firms to invest in inter-Korean economic cooperation with the as-sumption that inter-Korean economic cooper-ation can be resumed after sanctions against North Korea have been lifted, and the same treatment is applied to foreign firms. Foreign firms' investment in inter-Korean economic cooperation will provide a new op-portunity for foreign firms to earn stable profits, while also playing a role in further solidifying the establishment of peace on the Korean Peninsula. Now, inter-Korean rela-tions have fallen into difficulties due to sanc-tions against North Korea and the coronavirus pandemic, making it difficult to resume inter-Korean economic cooperation or to expect foreign firms to invest in inter-Korean eco-nomic cooperation. However, if inter-Korean economic cooperation is resumed, foreign firms' investment in inter-Korean economic cooperation will be prioritized.

Suggested Citation

  • Choi, Jangho & Rhee, Jung Kyun & Choi, Yoojeong & Lee, Dae-Eun, 2022. "Foreign Firms Investment in Inter-Korean Economic Cooperation," World Economy Brief 22-16, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2022_016
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    Keywords

    Foreign Firms; Investment; Inter-Korean; Economic Cooperation;
    All these keywords.

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