The Necessity of Continuing with the Eurasian Initiative Policy

Abstract

The area of the Eurasian continent north of the Korean Peninsula not only has special historical-cultural significance for the Korean people, but is also important in terms of national security and the economy of the Republic of Korea. Bearing these facts in mind, the present Korean government has been pursuing the Eurasian Initiative Policy to strengthen relations with countries in this region. It is perfectly reasonable that Korea's Eurasian Initiative Policy focuses especially on the Russian Far East and the Chinese Northeast Provinces, where large-scale regional development has been underway. As development plans in both regions are mainly aimed at modernizing regional industrial structure, numerous industrial complexes and infrastructure are currently being constructed with the intention of increasing efficiency in production and transportation networks across the two regions.