The BGA Korea team, led by Managing Director B.J. Kim, wrote an update to clients on Korea’s energy security. Context Korea is accelerating efforts to reduce its long-standing dependence on Middle Eastern energy supplies following renewed instability in the region. Around 70 percent of Korea's crude oil imports have traditionally come from the Middle East, with most shipments transiting the Strait of Hormuz. Geopolitical uncertainty has reinforced energy security as a strategic priority, … Continue Reading
Ray and Jim discuss rising tensions in the South China Sea and beyond, examining a violent confrontation at Second Thomas Shoal, the stalled ASEAN-China Code of Conduct talks, Beijing’s influence…