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This paper investigates nature of the Korean OFDI in the middle-income countries during the period 20122019. The goal is to identify any common features or differences with the observed structure of the Korean OFDI in Russia. The study is based on an assumption that a country’s investment strategies are determined by businesses. In general, business makes investment decisions based on the priorities for resource optimization and profit maximization on a global scale. Under this approach, investments to Russia would be a part of a more global strategy of Korean firms. Also, authors discuss prospects for the Russia-Korea investment cooperation under the US sanctions and how ongoing structural changes in the global economy can influence investment decisions of Korean companies.Obtained results suggest that during the period under investigation, structure of the Korean investment in Russia was similar to the structure observed in other middle-income countries. There are clear signs that investments were motivated by gaining access to the market (in other words, they were market-seeking by nature). In the near-term increase in Korean investments to Russia is unlikely due to global recession triggered by Covid-19 pandemic and risks of harder US sanctions.
This paper investigates nature of the Korean OFDI in the middle-income countries during the period 20122019. The goal is to identify any common features or differences with the observed structure of the Korean OFDI in Russia. The study is based on an assumption that a country’s investment strategies are determined by businesses. In general, business makes investment decisions based on the priorities for resource optimization and profit maximization on a global scale. Under this approach, investments to Russia would be a part of a more global strategy of Korean firms. Also, authors discuss prospects for the Russia-Korea investment cooperation under the US sanctions and how ongoing structural changes in the global economy can influence investment decisions of Korean companies.Obtained results suggest that during the period under investigation, structure of the Korean investment in Russia was similar to the structure observed in other middle-income countries. There are clear signs that investments were motivated by gaining access to the market (in other words, they were market-seeking by nature). In the near-term increase in Korean investments to Russia is unlikely due to global recession triggered by Covid-19 pandemic and risks of harder US sanctions.
Соглашение о свободной торговле (ССТ) стало самым популярным методом преференциального права в различных типах международных экономических соглашений. Хотя многие вопросы по зонам свободной торговли (ЗСТ) попрежнему сосредоточены в экономической сфере, некоторые партнеры, работающие в рамках зон свободной торговли, разрабатывают новые функции в своих международных законах для неэкономической области. В статье определено, что международные законы могут выступать важной основой для стимулирования дальнейшего сотрудничества между партнерами. Статья посвящена анализу экономического сотрудничества между Кореей и Евразийским экономическим союзом (ЕАЭС) на основе возможностей двустороннего соглашения о свободной торговле. Россия ищет новых экономических партнеров в АзиатскоТихоокеанском регионе в рамках политики новой Восточной Азии. В результате ЕАЭС стремится не только расширить своё членство, но и укрепить экономическое сотрудничество со странами АзиатскоТихоокеанского региона. В последнее время экономические отношения между Кореей и АзиатскоТихоокеанским регионом неуклонно развивались. В статье определен ряд проблем, с которыми сталкивается Корея при наращивании экономической нестабильности во всем мире. В статье предложено диверсифицировать партнерские связи с формирующейся рыночной экономикой. В 2016 г. Корея и ЕАЭС завершили совместное исследование о возможности заключения соглашения о свободной торговле. Странычлены ЕАЭС пришли к общему консенсусу о необходимости развития промышленного сотрудничества путем расширения инвестиций в ЕАЭС корейскими компаниями за пределы традиционных соглашений о свободной торговле (ССТ). Free Trade Agreements (FTAs) have become the most popular method of preferential law in various types of international economic agreements. Although many questions connected to Free Trade Zones (FTAs) are still concentrated in the economic sphere some partners operating in the framework of FTAs develop new functions in their international laws for the noneconomic field. Thus, international laws can work as an important basis in order to stimulate further cooperation between partners. The article is devoted to the analysis of economic cooperation between Korea and the EAEU based on the possibilities of a bilateral free trade agreement. Russia is seeking new economic partners in the AsiaPacific region within the framework of the New East Asia policy. As a result, the EAEU seeks not only to expand its membership, but also to strengthen economic cooperation with the countries of the AsiaPacific region. Recently, their economic relations with the AsiaPacific region have steadily developed. Korea faces a number of challenges in increasing economic instability around the world and it needs to diversify its partnerships with the emerging market economy. In 2016, Korea and the EAEU completed a joint study on the possibility of concluding a Free Trade Agreement. The EAEU member countries came to a general consensus on the need to develop industrial cooperation by expanding investment in the EAEU by Korean companies outside the traditional free trade agreements (FTAs).
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