Abstract

With the China’s BRI (Belt and Road Initiative, the trade and logistics environment on the Eurasian continent has been changing rapidly. Since the Eurasian countries are major economic partners with Korea, it is essential to establish an efficient and economical logistics network linking land and sea routes. Following China’s proposal for the Polar Silk Road in 2018, the BRI has been expanded to three Silk Roads, and the Chinese government has been further accelerating the BRI based on cooperation with the countries related to the BRI. Against this background, this study investigates the performance of the BRI, which is rapidly integrating Eurasian logistics network, and proposes a number of comprehensive connection strategies for Korea’s Eurasian logistics network in response to the extended BRI. More specifically, this study first suggests that the TKR (Trans Korean Railways) and the KCTF (Korea-China train ferry) should be jointly pursued. Second, this study emphasizes the need to expand the utilization of block trains as a key policy of BRI and to increase preoccupancy of the block train hubs on the BRI corridors. Finally, it proposes increased participation in the Arctic development projects and active exploration of commercial opportunities related to the Arctic route.

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