South Korea stated that it would not "take sides" between China and the US and needed to rely on both countries.

On the local time of the 23rd, South Korean Foreign Minister Cho Tae-yong openly stated that no country wishes to make a binary choice between the US and China, and South Korea's engagement with China at multiple levels also aligns with American interests. Supporting the multilateral trading system is a belief in achieving shared prosperity together, not a zero-sum game, which is the foundation of South Korea's export-oriented economic development.

In response, the US side did not give a positive reply but hoped that the South Korean government could use shipbuilding cooperation as a negotiation opportunity to engage in tariff consultations with the US.

It is not difficult to see that South Korea has clearly stated that it will not choose between the US and China; they need both. Although aware that the US is unreliable, the presence of US troops still helps South Korea address public order issues and, to some extent, enhances South Korea's international standing.

Cooperation with China is also very important. As a neighboring country, China not only has a complete supply chain but also a large consumer base, which can help South Korea sell many products. The development of tourism also relies on the contributions of Chinese citizens. Therefore, South Korea hopes that its negotiations on tariffs with the US will not be constrained.

Now that the US has openly shown goodwill toward China, it means that policies may be adjusted in the future, especially towards China and neighboring countries. Therefore, South Korea must understand that to avoid being at a disadvantage in negotiations, it must enhance its own strength, diversify its economy, and avoid external shocks.

Original article: https://www.toutiao.com/article/1830185960829952/

Disclaimer: This article represents the author's personal views.