South Korea

South Korea under Lee Myung-bak

The 17th South Korean Presidential elections were concluded on December 19, 2007. The last serving President Roh Moo-hyun could not contest these elections as he had completed two terms in office. Roh Moo-hyun belonged to the Centrist Reformists Democratic Party, formerly called Millennium Democratic Party (MDP), or Saecheonnyeon Minju-dang, but changed its name to the present form on May 6, 2005. The MDP lost popularity when Roh was impeached in March 2004 by the National Assembly for illegal electioneering and incompetence.

Is the time for rapprochement with North Korea Coming?

As the time for North Korea’s “disablement” of its nuclear facilities draws closer, the six- party nations, especially the United States and South Korea, have stepped up their efforts to ensure the process reaches its desired outcome. The sixth-round of the six-party talks successfully reached a ‘Second-Phased Action’ on October 3, 2007 outlining a road map for the disablement of North Korea’s nuclear programme including the 5-megawatt electric reactor, the fuel fabrication plant and the radiochemical laboratory in Yongbyon by the end of the year.

South Korean Response to the North Korean Nuclear Test

The testing of a nuclear device by North Korea (hereafter the Democratic People’s Republic of Korea – DPRK) on October 9 has brought to the fore South Korea’s (hereafter the Republic of Korea – ROK) measured and considered response calibrated in such a manner as to force the DPRK to return to the negotiating table. The DPRK conducted its nuclear test even as the ROK President, Roh Moo-hyun was presiding over an emergency cabinet meeting called to discuss DPRKs preparations for a nuclear test.

India-South Korea: The State of Affairs

The India-South Korea bilateral relationship is a remarkable example of how trade is the primary driver in global relationships. Ideology, which marked international relations in the previous decades, has given way to trade - which now is the international marker for relations. An important watershed in the relationship will be the beginning of construction for the POSCO integrated steel plant, which is slated to begin in April 2007 and would constitute the single largest foreign investment in India at US$ 12 b.