Arctic policy of South Korea

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Arctic policy of South Korea is South Korea's foreign relations with Arctic countries, and its attitudes and actions on issues occurring within the geographic boundaries of "the Arctic" or related to the Arctic or its peoples.

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Arctic Council permanent observer status

South Korea has a permanent observer status. With the status, it will be able to participate in the work of the Arctic Council's six working groups that cover sustainable development, Arctic monitoring and assessment, persistent organic pollutants and others.

Interest in Arctic resources

The Arctic Ocean contains about 25% of the Earth's natural resources and oil, which are still not found. This attracts countries like Canada, the US and Russia. Canada claims all the resources situated in the Northwest Passage as its rightful resources, as the resources come under its Exclusive Economic zone. On the other hand, the US feels that the Arctic Ocean is international waters and the resources should be used by all countries.

Arctic shipping routes

The Arctic has become increasingly important to South Korea because of the possibility of quicker shipping routes between Europe and Asia as the ice in the region continues to melt. Currently, it takes about 24 days for a South Korean container ship to arrive in Europe. However, shipping routes via the polar region could shorten the trip to 10 days.[ citation needed ] However, these trade routes can only be used in the summer because almost the whole ocean freezes in winter.

Location of South Korea

South Korea is located entirely outside of the Arctic Circle. [1]

Arctic research

South Korea spends more on Arctic research than the United States does. [2]

See also

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Arctic policy of the United States

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The Arctic policy of the European Union is the policies and strategies of the European Union regarding arctis. The latest policy is from 2016, and in July 2020 the European commission has started to work on a new Arctic policy.

Arctic policy of Russia

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The Arctic Policy of China outlines China's approach to foreign relations with Arctic countries as well as its plans to develop infrastructure, extend military capabilities, conduct research, and excavate resources within the Arctic Circle. A major component of this plan is to build a Polar Silk Road, a network of trade routes through the Arctic to help expedite global shipping delivery.

Arctic shipping routes

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Arctic resources race

The Arctic resources race refers to the competition between global entities for newly available natural resources of the Arctic. Under the United Nations Convention of the Law of the Sea, five nations have the legal right to exploit the Arctic's natural resources within their exclusive economic zones: Canada, Russia, Denmark, Norway, and the United States.

Geopolitics of the Arctic

Arctic geopolitics is the area study of geopolitics on the Arctic region. The study of geopolitics deals with the "inalienable relationship between geography and politics", as it investigates the effects of the Earth's geography on politics and international relations. Arctic geopolitics focuses on the inter-state relations in the Arctic, which is the northernmost polar region. It is composed of the Arctic Ocean and its adjacent seas, and is home to around four million people. The states in or bordering the Arctic are commonly referred to as the Arctic Eight, and are the United States, Canada, Russia, Finland, the Kingdom of Denmark (Greenland), Norway, Iceland and Sweden.

References

  1. "World Policy blog". Archived from the original on 2016-02-05. Retrieved 2016-02-05.
  2. "Snow dragons: As the Arctic melts, Asia shudders at the risks but slavers at the opportunities", The Economist