Abstract ▼ AI-Helper

By the halted inter-Korean relationship and worsened international relationship including U.S-Sino conflict, the resume of inter-Korean economic cooperation and exchange is hardly expected. Moreover, Covid-19 pandemic reshapes the global economic environment. Above all, climate change and the recons...

By the halted inter-Korean relationship and worsened international relationship including U.S-Sino conflict, the resume of inter-Korean economic cooperation and exchange is hardly expected. Moreover, Covid-19 pandemic reshapes the global economic environment. Above all, climate change and the reconstruction of global supply chain brought paradigm shift. Therefore, we have to contrive new inter-Korean economic cooperation model to response the changed global situation. The aim of this research is to suggest new direction for the inter-Korean economic cooperation. In addition, it hopes to provide new economic momentum for Korean firms.
Regarding the changed external condition, this study suggest new inter-Korean industrial cooperation by utilizing smart green industrial complex. To fulfill this goal this research explores the lesson from the previous industrial cooperation, recent response toward climate change and global norms, the necessity of participation into global supply chain. Besides, it handles global trends including carbon emission reduction and eco-friendly products. Namely, smart green industrial complex seeks high level of industrial cooperation by corresponding with climate change and global trade trends. If the aforementioned goals are achieved then we might obtain the new economic momentum.
The successful eco-friendly inter-Korean industrial cooperation will provide economic opportunities to the two Koreas. By the establishing eco-friendly products production base, South Korea can expand its role within the global supply chain. As for North Korea, they will have a chance to consume high-quality products. It can also access the global supply chain. Eventually, these policies would increase the overall industrial capacity of North Korea. Last but not least, South Korea’s brand image will arise as the frontier of eco-friendly industry and a good donor state.