Tag: seoul

Who Should Defuse the Korean Bomb?

Fear of war has become a new constant for the Korean peninsula.  On Monday South Korea initiated a military exercise in the Yellow Sea and North Korea threatened to retaliate.  Seoul went ahead without any response from the North, but the region retains the feel of a bomb with an unstable fuse.

In the short term Washington has no choice but to uphold its alliance obligations to the South.  However, Pyongyang’s increasingly erratic behavior offers a dramatic reminder of the most important cost of the unilateral security guarantee:  the threat of war.

The alliance was created at a different time in a different world—1953, after the conclusion of a war which had devastated the peninsula.  Only U.S. military support preserved South Korea’s independence.  Since then the South has developed economically and is well able to protect itself.  The U.S. should begin turning over defense responsibilities to Seoul, with an expeditious withdrawal of all American troops.  The defense treaty, with America’s promise to forever guard the South, irrespective of circumstance, should be turned into a framework for future cooperation in cases of mutual interest.

The U.S. no longer can afford to maintain Cold War alliances as if the Cold War still existed.  Commitments like that to South Korea are expensive, since they drive America’s military budget.  More important, as we see in Northeast Asia, alliances also increase the possibility of war for the U.S.  It is time to update America’s military commitments to reflect today’s world.

Upcoming G20 Summit in Seoul Raises Stakes for U.S.-Korea Trade Deal

The next G20 Summit, to be held November 11-12 in South Korea, is right around the corner. For free traders, the summit has taken on added meaning because of the promise President Obama made during the most recent G20 Summit held last June in Toronto to advance the U.S.-Korea free trade agreement (FTA):

The last time I was in Korea, I said that I would be committed to moving [the FTA] forward. And today I indicated to President Lee that it is time that our United States Trade Representative work very closely with his counterpart from the ROK to make sure that we set a path, a road, so that I can present this FTA to Congress…. I want to make sure that everything is lined up properly by the time that I visit Korea in November. And then in the few months that follow that, I intend to present it to Congress. It is the right thing to do for our country.

We agree, Mr. President. To help policymakers understand the high stakes and potential gains of the agreement, Cato Senior Fellow Doug Bandow has authored the new Cato Trade Briefing Paper, “A Free Trade Agreement with South Korea Would Promote Both Prosperity and Security,” released today.

A preview of Doug’s analysis also was published yesterday in the Daily Caller, under the title “South Korea Free Trade Agreement Key to Prosperity and Security.”