Background and Outcomes
The Presidential Committee on Northern Economic Cooperation was launched
- 2017.06.26
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The Committee was established to take charge of northern economic cooperation under the direction of the President
- ROK-North Korea-Russia trilateral cooperation and ROK-Russia bilateral cooperation are both critically needed for the development of the Far East
- 2017.07.19
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100 Major Government Projects were announced
- Forming a "Responsible Northeast Asia Plus Community" > Promoting the New Northern Policy
- Promoting diplomacy centered on balanced cooperation with four neighboring countries > Reinforcing ROK-Russia economic cooperation
- Designing the New Economic Map for the Korean Peninsula: Connecting the three belts (East Sea, West Sea, and DMZ) with the northern economy
- 2017.08.25
- Rules and regulations for the foundation and operation of the Committee were established
- 2017.08.28
- Song Young-gil was inaugurated as Chairman of the Committee
- 2017.09.06
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President Moon Jae-in met with President Vladimir Putin and gave a keynote speech at the 3rd Eastern Economic Forum
- Declaring the New Northern Policy and proposing the 9-BRIDGE Strategy for ROK-Russia cooperation in nine areas
- 2017.12.07
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The Committee held its 1st meeting
- Vision and Implementation Direction for Northern Economic Cooperation
- Implementation Measures for Each Areas in 9-Bridge Cooperation
- Rules and Regulations for Operation of the Committee
- 2018.06.18
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The Committee held its 2nd meeting
- Strategies and Major Tasks for New Northern Policy
- Plans for Establishment and Operation of the Korea-Russia Innovation Platform
- 2018.11.06
- Kwon Goohoon was inaugurated as Chairman of the Committee
- 2018.12.12
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The Committee held its 3rd meeting
- Review Results on Current Progress in Major Tasks of New Northern Policy
- Implementation Measures for New Northern Cooperation in Environment
- Measures to Facilitate Entrance to New Northern Agriculture and Fisheries Market
- 2019.03.27
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The Committee held its 4th meeting
- Current Progress in Local Governments’ Implementation of New Northern Policy and Measures to Enhance Cooperation between Central and Local Governments
- Implementation Plans for New Northern Policy of Central Administrative Bodies for 2019
- Measures to Review Implementation of 9-Bridge Action Plan
- Outcomes of the 2nd Korea-Russia Council and Follow-up Measures
- 2019.06.26
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The Committee held its 5th meeting
- Measures to Facilitate Entrance of Korea’s Infrastructure Industries to New Northern Region
- Policy Proposal in Using the Northern Sea Route upon its Commercialization
- Current Progress and Plans in Follow-ups in Economic Sector on the Presidential Visit to Central Asia
- 2nd Review Results on Current Progress in Major Tasks of New Northern Policy
- 2019.11.13
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The Committee held its 6th meeting
- Measures to Strengthen Korea-China Economic Exchange and Cooperation in China’s Northeast Region
- Implementation Measures for New Northern Cooperation in Healthcare Industry
- Establishment of Strategies to Increase Export of Agricultural Products to New Northern Region
- 2019.12.05
- The Committee held International Forum for Nothern Economic Cooperation
- 2020.04.22
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The Committee held its 7th meeting
- Covid-19 and the New Northern Policy: Current Status and Response
- Action Plans of Central and Local Governments for 2020
- Measures to Expand Cooperation with the New Northern Countries in SMEs and Startups
- Current Follow-ups on Presidential Visit to Central Asia and Future Plans
- 2020.06.23
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The Committee held its 8th meeting
- Strategy for New Northern Policy and Cooperation Measures for Each Country in the Post Covid-19 Era
- Ways to Expand Cultural and Human Exchanges for New Northern Cooperation
Background
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- Great growth potential is evidenced by the large market and rich resources
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- Need for a new growth engine with ROK's major industries (automobile, shipbuilding, textiles, etc.) having reached maturity and China's growth slowing
- Economic structure complementary with that of ROK, which has high demand for energy and boasts industrial advancement > Many incentives for cooperation
- Favorable impression of ROK, a middle power, and historical and cultural bonds accumulated over centuries
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- Efforts to achieve regional economic integration and market opening have accelerated
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- Russia
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- Launch of Eurasian Economic Union (EAEU)
- Implementation of New East Asia Policy to reinforce cooperation in Asia-Pacific
- China
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"One Belt, One Road“ initiative
- Silk Road on land: Connecting China, Central Asia, and Europe
- Silk Road on the sea: Connecting China and Southeast Asia by sea
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"One Belt, One Road“ initiative
- Mongolia
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Promotion of the implementation of the Mongolia-China-Russia Economic Corridor
- 32 cooperation projects in transportation, logistics, energy, agriculture, etc.
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Promotion of the implementation of the Mongolia-China-Russia Economic Corridor
- Kazakhstan
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Implementation of Nurly Zhol
- Connecting to the Western Europe-Western China Road Corridor
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Implementation of Nurly Zhol