This report was originally published in Japanese in May 2022. The original report is here.

---

Chapter 1: The New Economic Game Centered on the Korean Peninsula――US Efforts to Counteract China by Strengthening the US-South Korean Alliance

---

Chapter 2: The Transformation of China’s Strategy to Take in South Korea――Shifting Trade Structure to a “Specialized” Model

---

Chapter 3: South Korea’s Chaebol Struggle to Balance the US With China――Shifting From “America for Security and China for Economics” to “America for Security and America for Economics”

---

Chapter 4: South Korea Seeks to Break Free of Its Dependence on Japan via Domestic Component Production――Interim Results of Tighter Japanese Export Controls

---

Chapter 5: Inter-Korean Economic Relations in Need of a New Vision――The Downfall of South Korea’s Moon Administration and the North Korean Policy of the Yoon Administration

---

Chapter 6: Improvements in Eurasian Railway Connectivity and the Korean Peninsula――South Korea Steadily Getting a Foot in the Door

---

Chapter 7: Economic Collaboration Between Northeast China and the Korean Peninsula――Extension of the Belt and Road Initiative and Northeast Asian Economic Cooperation

---

Chapter 8: The Munitions Industry and the Armed Forces in the Kim Jong-un Era――Weapons Development and Responses to Disaster

---

Chapter 9: China and North Korea See Warmer Political, Cooler Economic Relations――Spotlight on Resuming Economic Support by Extending the “Alliance”

---

Chapter 10: The Denuclearization of the Korean Peninsula and Japan’s Contribution――How to Offer Hopes and Dreams for the Emergence of Peace

---