Abstract

This article sheds light on the dual nature of South Korea's economic security strategy: long-term continuity and changes that reflect structural shifts in the internal and external environment. South Korea’s economic security strategy has undergone several phases of transformation from the early 1960s to the present, while maintaining continuity. The continuities of South Korea’s economic security strategy are the combination of geopolitics and geo-economic responses, the lack of economic coercion, the mercantilist character, and the industrial policy-based strategy. One can also find a change in South Korea’s economic security strategy in that it closely integrates high technology into its economic security strategy. Specifically, it involves reducing vulnerabilities in the supply chain of high-tech industries, strengthening high-tech capabilities, and combining industrial policy and high-tech strategies.

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