Power Play

South Korea's tangled path in economic diplomacy

IPEF and the Chip 4 alliance highlight the push and pull of South Korean interests and the pressures on the country as it tries to keep a balance between the US and China

Samsung's chip production plant in Pyeongtaek. South Korea is home to the world's top two largest manufacturers of memory chips. PHOTO: REUTERS
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SEOUL - With a strongly pro-America leader in Mr Yoon Suk-yeol, the expectation was that the United States would have little problem in getting South Korea on board with its initiatives aimed at rallying like-minded partners against China.

For instance, there is the Indo-Pacific Economic Framework (IPEF) as a new means to link transpacific economies while plugging the gap left by America's pullout from the Trans-Pacific Partnership.

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