Abstract

The paper focuses on the analysis of trade and economic relations between Ukraine and The Republic of Korea. The long-term trend of trade cooperation between the countries indicates the discrepancy between economic potentials and the modest indicators of trade in goods and services, as well as Ukraine's negative balance in bilateral foreign economic relations. The objective of the study is to highlight the current state, problems and prospects for the development of trade and economic relations between Ukraine and The Republic of Korea, which allows to prioritize the challenges that hinder the development of trade and economic relations between the two countries. Special attention is paid to overcoming institutional barriers and artificial obstacles by developing high moral and ethical values and eliminating the corruption component in Ukrainian society. It is justified that the current global economic crisis has demonstrated the deep gap between the material sphere and moral principles. It is emphasized that the crisis is global not only in the geographical aspect, but also in the substantive and systemic aspects since it is not only and not so much of economic nature as of axiological, thus in general can be defined as the economic-spiritual. It has been proven that overcoming the current crisis requires not only new economic mechanisms, but also new approaches that take into account spiritual, moral and other human values.

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