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Background and Outcomes

The Presidential Committee on Northern Economic Cooperation was launched

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
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
Rules and regulations for the foundation and operation of the Committee were established
Song Young-gil was inaugurated as Chairman of the Committee
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
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
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
Kwon Goohoon was inaugurated as Chairman of the Committee
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
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
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
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
The Committee held International Forum for Nothern Economic Cooperation
The Committee held its 7th meeting
  • Covid-19 and the New Northern Policy: Current Status and Response
  • Action Plans of Central and Local Governments for 2020
  • Measures to Expand Cooperation with the New Northern Countries in SMEs and Startups
  • Current Follow-ups on Presidential Visit to Central Asia and Future Plans
The Committee held its 8th meeting
  • Strategy for New Northern Policy and Cooperation Measures for Each Country in the Post Covid-19 Era
  • Ways to Expand Cultural and Human Exchanges for New Northern Cooperation


  • 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
    • Launch of Eurasian Economic Union (EAEU)
    • Implementation of New East Asia Policy to reinforce cooperation in Asia-Pacific
    • "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
    • Promotion of the implementation of the Mongolia-China-Russia Economic Corridor
      • 32 cooperation projects in transportation, logistics, energy, agriculture, etc.
    • Implementation of Nurly Zhol
      • Connecting to the Western Europe-Western China Road Corridor