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Background and Outcomes

The Presidential Committee on Northern Economic Cooperation was launched

2017.06.26
The Committee was established to take charge of northern economic cooperation under the direction of the President
  • ROK-North Korea-Russia trilateral cooperation and ROK-Russia bilateral cooperation are both critically needed for the development of the Far East
2017.07.19
100 Major Government Projects were announced
  • Forming a "Responsible Northeast Asia Plus Community" > Promoting the New Northern Policy
  • Promoting diplomacy centered on balanced cooperation with four neighboring countries > Reinforcing ROK-Russia economic cooperation
  • Designing the New Economic Map for the Korean Peninsula: Connecting the three belts (East Sea, West Sea, and DMZ) with the northern economy
2017.08.25
Rules and regulations for the foundation and operation of the Committee were established
2017.08.28
Song Young-gil was inaugurated as Chairman of the Committee
2017.09.06
President Moon Jae-in met with President Vladimir Putin and gave a keynote speech at the 3rd Eastern Economic Forum
  • Declaring the New Northern Policy and proposing the 9-BRIDGE Strategy for ROK-Russia cooperation in nine areas
2017.12.07
The Committee held its 1st meeting
  • Vision and Implementation Direction for Northern Economic Cooperation
  • Implementation Measures for Each Areas in 9-Bridge Cooperation
  • Rules and Regulations for Operation of the Committee
2018.06.18
The Committee held its 2nd meeting
  • Strategies and Major Tasks for New Northern Policy
  • Plans for Establishment and Operation of the Korea-Russia Innovation Platform
2018.11.06
Kwon Goohoon was inaugurated as Chairman of the Committee
2018.12.12
The Committee held its 3rd meeting
  • Review Results on Current Progress in Major Tasks of New Northern Policy
  • Implementation Measures for New Northern Cooperation in Environment
  • Measures to Facilitate Entrance to New Northern Agriculture and Fisheries Market
2019.03.27
The Committee held its 4th meeting
  • Current Progress in Local Governments’ Implementation of New Northern Policy and Measures to Enhance Cooperation between Central and Local Governments
  • Implementation Plans for New Northern Policy of Central Administrative Bodies for 2019
  • Measures to Review Implementation of 9-Bridge Action Plan
  • Outcomes of the 2nd Korea-Russia Council and Follow-up Measures
2019.06.26
The Committee held its 5th meeting
  • Measures to Facilitate Entrance of Korea’s Infrastructure Industries to New Northern Region
  • Policy Proposal in Using the Northern Sea Route upon its Commercialization
  • Current Progress and Plans in Follow-ups in Economic Sector on the Presidential Visit to Central Asia
  • 2nd Review Results on Current Progress in Major Tasks of New Northern Policy
2019.11.13
The Committee held its 6th meeting
  • Measures to Strengthen Korea-China Economic Exchange and Cooperation in China’s Northeast Region
  • Implementation Measures for New Northern Cooperation in Healthcare Industry
  • Establishment of Strategies to Increase Export of Agricultural Products to New Northern Region
2019.12.05
The Committee held International Forum for Nothern Economic Cooperation

Background

  • Great growth potential is evidenced by the large market and rich resources
    • Need for a new growth engine with ROK's major industries (automobile, shipbuilding, textiles, etc.) having reached maturity and China's growth slowing
    • Economic structure complementary with that of ROK, which has high demand for energy and boasts industrial advancement > Many incentives for cooperation
    • Favorable impression of ROK, a middle power, and historical and cultural bonds accumulated over centuries
  • Efforts to achieve regional economic integration and market opening have accelerated
    Russia
    • Launch of Eurasian Economic Union (EAEU)
    • Implementation of New East Asia Policy to reinforce cooperation in Asia-Pacific
    China
    • "One Belt, One Road“ initiative
      • Silk Road on land: Connecting China, Central Asia, and Europe
      • Silk Road on the sea: Connecting China and Southeast Asia by sea
    Mongolia
    • Promotion of the implementation of the Mongolia-China-Russia Economic Corridor
      • 32 cooperation projects in transportation, logistics, energy, agriculture, etc.
    Kazakhstan
    • Implementation of Nurly Zhol
      • Connecting to the Western Europe-Western China Road Corridor