Seoul’s useless placation is a warning for all US trade partners
Clearly, appeasement doesn’t work and dependence just feeds leverage. Collective action is the only effective stand that states can take
For South Korea, the numbers are sobering: US$350 billion represents 18 per cent of its annual gross domestic product. Even if much of it is channelled through loans, guarantees and corporate outlays, it risks upward pressure on the won, crowding out domestic investment and political exposure if projects underperform.
