Washington and Hollywood will roll out the red carpet for South Korea's Yoon, but an espionage scandal and a mounting economic standoff between the U.S. and China loom over his visit.
South Korean President Yoon Suk Yeol has received the red-carpet treatment this week as Washington and Seoul mark the 70th anniversary of their alliance. Yoon‘s weeklong itinerary features a high-profile summit with President Biden, a glittering state banquet — an honor reserved only for the U.S.’s closest allies — and a joint address to Congress.
The U.S. will also send a ballistic missile submarine on visits to South Korea for the first time since the 1980s as a visible demonstration of U.S. military might, officials said. The two leaders are expected to roll out a suite of other initiatives on cybersecurity, economic investments and other areas of cooperation to further solidify the alliance in the face of North Korea’s record number of nuclear missile tests this year.
Although North Korea is a priority for the alliance, it’s a perennial issue that both countries are aligned on, according to Victor Cha, Korea Chair at the Center for Strategic and International Studies.Biden has tried to quiet South Korean companies’ concerns about their ineligibility for subsidies under his Inflation Reduction Act, which provides tax credits for electric vehicles that are assembled in North America or include key components that are sourced domestically.
“South Korea is very much reliant on its semiconductor industry as part of its broader economic strength and that industry is heavily invested in China,” said Frank Aum, an expert on Northeastern Asia at the U.S. Institute of Peace. Scott Snyder, senior fellow for Korea studies at the Council on Foreign Relations, said today’s relationship with Seoul has to be “an alliance powered by chips, batteries and clean technology” but that there are “drag” issues that complicate ties, including the South Korean public’s reluctance to get involved in Ukraine and recently leaked U.S. Pentagon documents.
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