Impact of South Korea’s New Southern Policy on Indonesia: Economy And Defense Sectors
Journal Title: Dialektika : Jurnal Ekonomi dan Ilmu Sosial - Year 2022, Vol 7, Issue 2
South Korea’s economy has been heavily depend on major power countries such as US, China, Japan, and Russia. However, with the changing dynamics in international world such as growing protectionism in US during Trump leadership, China’s expansion of influence in Asia, as well as trade war between US and China causing President Moon Jae In to switch South Korea’s economy horizon. New Southern Policy is a diplomatic initiative established to reduce those dependence. South Korea invites India and ASEAN as its brand new partners. South Korea stated that Indonesia is a major partner in New Southern Policy. This research aims to analyze the impact of New Southern Policy in Indonesia, especially in economy and defense sectors. The impact on economy sectors are both countries agreed to signed IK-CEPA agreement, South Korea which eager to make Indonesia as new production base in ASEAN through Hyundai company factory construction, and LG Consortium investment in the electric vehicle battery cell industry. Moreover, the impact on defense sectors is joint venture project for the production of KFX/IFX fighter jets.
Authors and Affiliations
Auralia Salsabila Tuada Pasha, Arie Kusuma Paksi
Dynamics of Collaboration between Environmentally Concerned Communities and Local Governments in Mangrove Forest Conservation in Malang Regency
The level of resilience to disasters in the beach tourism area of Clungup, Malang district is now a challenge for local stakeholders. There are at least two types of disasters currently threatening the coastal line ecos...
The Group of Twenty (G20) is an international economic forum that focuses on solving challenges to global economic growth, including issues of trade, investment, finance, infrastructure, employment, corruption eradicatio...
Competency Improvement of Protocol Technical Long Distance Training Participants Through the Learning Management System (LMS) Surabaya Religious Education and Training Center in 2020
The demands of rapid technological development in the industrial era 4.0 and also the covid-19 pandemic that happened in Indonesia encourage Education and Training Institutions to continue to move dynamically. To deal wi...
Formula Altman Z-score, uses various ratios that create a predictor of difficulty. Characteristics of these ratios are used to identify possible future profit difficulties. Financial ratios used in this method are WCTA,...
Indonesia's economy refers to an open economy. In conducting international trade, countries must compare their currencies with currencies belonging to other countries. Where, the United States currency, namely the dollar...
How To Cite
Auralia Salsabila Tuada Pasha, Arie Kusuma Paksi (2022). Impact of South Korea’s New Southern Policy on Indonesia: Economy And Defense Sectors. Dialektika : Jurnal Ekonomi dan Ilmu Sosial, 7(2), -. https://europub.co.uk/articles/-A-711153