earticle

영어

The hegemonic competition between U.S. and China is deeply rooted in the interdependent relationship which was formed and evolved in the ‘Kissinger order’. However, the interdependence between the two great powers was also instable and vulnerable and the 2007-08 financial crisis revealed this instability and vulnerability. The core of U.S. foreign strategy in the age of Obama, Trump, and Biden administration was U.S. attempt to check China’s rise and seek alternative approaches to revitalize hegemonic power. As China confronts the U.S. squarely, U.S.- China hegemonic competition deteriorated into full-scale conflict around value, identity, and legitimacy of the regime. The most significant change due to the inauguration of the Biden administration restoration of alliance based on democratic values and strong industrial policy to gain competitive edge in state-of-the-art technologies. Moreover, U.S.-China conflict, which is often called the ‘New Cold War’, deepened as the democratic-values alliance is combined with the techno-alliance. Accordingly, China reinforced its attempt to break away from the interdependent relationship with the U.S. The U.S. is an ally of paramount importance for South Korea and China is a neighboring country with deep economic ties. South Korea needs an effective diplomatic strategy to prevent the U.S. and China from being a veto power to its interest, and should enhance its as a moderator or mitigator between U.S. and China.