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[IN-DEPTH] Experts' analysis on future landscape after IPEF, QUAD meetings Updated: 2022-05-24 17:19:55 KST

Just yesterday, the Indo-Pacific Economic Framework for Prosperity -- or the I-PEF was officially launched in Tokyo.
A U.S.-led program, i-PEF seeks to establish a comprehensive economic framework in the Indo-Pacific region.
South Korea was among the 13 initial member countries which includes the United States, Japan, Australia, New Zealand and India, along with seven out of the ten ASEAN countries including Singapore and Thailand.
And today, President Biden met with leaders of the Quadrilateral Security Dialogue, better known as "the Quad".
Both groups are considered by China as a cornerstone of the Biden administration's strategy to counter Beijing's growing influence by bringing its allies and partners closer together.

How will the two groups influence the global diplomatic and economic landscape, and how should South Korea move towards its diplomatic policies?

For this we are joined by OH Joon-seok, Professor of Business at Sookmyung Women's University and Seo Jung-kun , a professor from the Department of Political Science at Kyung Hee University
Thank you gentlemen for joining us.

1. (OH) Professor Oh, so just yesterday, S. Korea announced that it's to participate in the Washington-led IPEF.
What significance does this have and what economic benefits would it bring to Korea?

2. (SEO) How is Seoul's participation significant in terms of diplomacy?

3. (OH) A total of 13 countries have decided to take part in the framework, which is also called as an alternative of the TPP. How exactly does the formation of IPEF affect the global supply chain? How is it beneficial for all members?

4. (OH) Since it’s a measure that’s deemed as being part of Washington’s efforts to contain China, what kind of an effect would IPEF bring to China?

5. x(SEO) U.S. National Security advisor Jake Sullivan said that Taiwan is not joining the IPEF. How do you read into this?

6. (SEO) How do you expect China to react to the launch of the IPEF, and to Seoul’s decision to participate? Should we expect a retaliation like it did with THAAD?

7. (OH) As an economic expert, what concerns do you have with Seoul’s decision to participate? And how should we address them? (trade issues)

8. (SEO) The members of the IPEF somehow also overlap with the members of the Quad (Quadrilateral Security Dialogue) group. Members had a face-to-face meeting for the second time since September on Tuesday. We understand the former is focused on the economy and the latter on security, but in what ways do they stay on the same page?

9. (OH) What are the main agendas that have been discussed at the Quad meeting, and what outcomes have been made?

10. (SEO) The U.S. seems to be against South Korea being a part of the Quad.. what is the background behind this? Why is it hesitant?

11. (SEO) How should South Korea go about its diplomatic policies? Especially amid fears of a backlash from China?

Alright, Professor Oh and Professor Seo, thank you for making time for us we appreciate it.
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