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Checking out the viability of Moon Jae-in’s Nine Bridges plan
In June, 2017, Moon established the Presidential Committee on Northern Economic Cooperation, after which it appointed Song Young-gil (formerly the envoy that is unique Russia and fabled for his or her share to your development of Russian–South Korean relations, and that’s why he’d been given the Russia’s purchase of relationship) as being a brain connected with Committee in August. September in their keynote speech at Eastern Economic Forum in Vladivostok in 2017, Moon broadened the concept of the New Northern Policy with the “Nine Bridges” initiative, setting up a number of areas of cooperation between the two countries (the “bridges” here a metaphorical. The thing that is interesting Nine Bridges is it’s not just a government declaration nonetheless a quite definite financial cooperation system, centering on certain jobs. In this respect it truly is especially appropriate to determine the fruitfulness of the jobs, given that they seem like both an important pillar for and evidence linked to the viability for the Russian vector in present South Korean policy that is international.
One of the most forward-looking instructions for the work is the “gas bridge.” Despite the fact that propane trade is just an industry that is conventional of between two states, Russia just is not among the list of list of top gas exporters to Southern Korea. Seoul ergo seeks to diversify its fuel import sites by purchasing more LNG from Russia. The program is always to improve the supplies of Russian LNG, being currently concerning the quantity of 1.5 million tonnes per year, considering a 2005 agreement between KOGAS and Sakhalin Energy, operating business of Sakhalin-1 and Sakhalin-2 gas development tasks. […]