Сhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea

The article analyzes the South Korean experience of dealing with the crisis phenomena that most countries faced at the national and global levels in 2020. The fact that the spread of the COVID-19 pandemic has exacerbated the previously negative internal and external trends has made the problems of s...

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Autor principal:	A. N. Fedorovsky
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2020
Materias:	the republic of korea china usa asean covid-19 anticrisis measures regional integration International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/eb53ebe24fda426992fc327d23bdfbad
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spelling	oai:doaj.org-article:eb53ebe24fda426992fc327d23bdfbad2021-11-07T14:45:04ZСhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea2542-02402587-932410.23932/2542-0240-2020-13-5-12https://doaj.org/article/eb53ebe24fda426992fc327d23bdfbad2020-11-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/692https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324The article analyzes the South Korean experience of dealing with the crisis phenomena that most countries faced at the national and global levels in 2020. The fact that the spread of the COVID-19 pandemic has exacerbated the previously negative internal and external trends has made the problems of socio-economic development of the Republic of Korea more acute. Among them – the chronic difficulties of South Korean small and medium-sized businesses, the pressure by the president Trump’s protectionist measures in the US-South Korean and international trade in general, the consequences of the aggravation of the USChina standoff. The key challenges associated with the imposition of negative external factors on existing internal imbalances are evaluated. The analysis of the state policy to counteract the spread of the COVID-19 virus is carried out. The article examines the prerequisites for the stability of the national economy and the anti-crisis measures taken to resist internal and external challenges in the context of the pandemic, and assesses the prospects for correcting the development course that has developed in the Republic of Korea in recent years. The role of the created complex of innovative industries and modern medical support system is emphasized. The importance of public confidence in the government’s preventive health measures is noted. It shows, on the one hand, the importance of international value chains as a possible source of instability risk in the context of a pandemic, and, on the other hand, the potential of medical-related industries to maintain the dynamics of foreign economic relations. The importance of coordinating anti-crisis measures with China for the Republic of Korea in creating conditions that limit the spread of COVID-19 while maintaining the stable operation of major industries is noted. The prospects for Seoul’s participation in regional projects are evaluated, as an example, the activation of exports to ASEAN member countries of medical equipment and technologies aimed at combating the pandemic is given.A. N. FedorovskyАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articlethe republic of koreachinausaaseancovid-19anticrisis measuresregional integrationInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 13, Iss 5 (2020)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	the republic of korea china usa asean covid-19 anticrisis measures regional integration International relations JZ2-6530
spellingShingle	the republic of korea china usa asean covid-19 anticrisis measures regional integration International relations JZ2-6530 A. N. Fedorovsky Сhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea
description	The article analyzes the South Korean experience of dealing with the crisis phenomena that most countries faced at the national and global levels in 2020. The fact that the spread of the COVID-19 pandemic has exacerbated the previously negative internal and external trends has made the problems of socio-economic development of the Republic of Korea more acute. Among them – the chronic difficulties of South Korean small and medium-sized businesses, the pressure by the president Trump’s protectionist measures in the US-South Korean and international trade in general, the consequences of the aggravation of the USChina standoff. The key challenges associated with the imposition of negative external factors on existing internal imbalances are evaluated. The analysis of the state policy to counteract the spread of the COVID-19 virus is carried out. The article examines the prerequisites for the stability of the national economy and the anti-crisis measures taken to resist internal and external challenges in the context of the pandemic, and assesses the prospects for correcting the development course that has developed in the Republic of Korea in recent years. The role of the created complex of innovative industries and modern medical support system is emphasized. The importance of public confidence in the government’s preventive health measures is noted. It shows, on the one hand, the importance of international value chains as a possible source of instability risk in the context of a pandemic, and, on the other hand, the potential of medical-related industries to maintain the dynamics of foreign economic relations. The importance of coordinating anti-crisis measures with China for the Republic of Korea in creating conditions that limit the spread of COVID-19 while maintaining the stable operation of major industries is noted. The prospects for Seoul’s participation in regional projects are evaluated, as an example, the activation of exports to ASEAN member countries of medical equipment and technologies aimed at combating the pandemic is given.
format	article
author	A. N. Fedorovsky
author_facet	A. N. Fedorovsky
author_sort	A. N. Fedorovsky
title	Сhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea
title_short	Сhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea
title_full	Сhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea
title_fullStr	Сhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea
title_full_unstemmed	Сhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea
title_sort	сhallenge of covid-19 and priorities of economic development of the republic of korea
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2020
url	https://doaj.org/article/eb53ebe24fda426992fc327d23bdfbad
work_keys_str_mv	AT anfedorovsky shallengeofcovid19andprioritiesofeconomicdevelopmentoftherepublicofkorea
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Сhallenge of COVID-19 and Priorities of Economic Development of the Republic of Korea

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