Korea should maintain diplomatic balance
The escalating U.S.-China rivalry is certainly a cause for concern, particularly for South Korea. This reminds us of an old Korean saying: A shrimp gets hurt when whales fight. Imagine what would happen if the G2 economies engage in a new Cold War confrontation.
South Korea, for its part, hopes that the new U.S. administration under President Joe Biden will mend ties with China to step up cooperation for mutual benefit. But that hope seems to be a far cry from the harsh reality that the two global giants are gearing toward a fiercer confrontation than ever before.