China's $73.2 Billion Investment Threatens ROK

Concise Summary:
South Korea’s government has allocated ₩100 trillion won (nearly $73 billion) for offshore wind power development, a sector heavily dominated by Chinese companies. The focus on low electricity prices incentivizes bidders to incorporate cheaper Chinese turbines and submarine cables. This prioritization raises concerns about national security as the project necessitates laying submarine cables through sensitive areas, potentially revealing information about South Korea’s seabed topography and Navy activities. The government’s emphasis on price control might cede a significant portion of this promising industry to Chinese companies, highlighting vulnerabilities in national infrastructure and intelligence.

Key Points:

  • Here are five key points extracted from the content:.
  • China is rapidly dominating the Korean offshore wind power market through its control over turbines and other critical components, leading to concerns about national security implications.
  • The government has allocated a significant portion of selection criteria towards “electricity supply price,” driving bidders to include Chinese turbines and submarine cables due to their lower cost.
  • The focus on lowering electricity prices by the Korean government is causing concern among domestic wind power companies as it could result in them losing out to Chinese competitors.
  • The underwater cable installation process for offshore wind projects requires detailed seabed topography information, potentially exposing sensitive data related to the ROK Navy’s activities.
  • The deployment of submarine cables under the sea raises concerns about potential vulnerabilities in communication and security as they are susceptible to interception by foreign entities.

Archive Links:
12ft: https://12ft.io/https://eastasiaresearch.org/2024/05/21/dedicating-₩100-trillion-73-2-billion-to-chinaeven-rok-navy-submarine-routes-could-be-handed-over-underwater-communications-cable-vulnerable-to-chinese-interception/
archive.org: Dedicating ₩100 Trillion ($73.2 billion) to China…Even ROK Navy Submarine Routes could be Handed Over, Underwater Communications Cable Vulnerable to Chinese Interception - East Asia Research Center
archive.is: https://archive.is/https://eastasiaresearch.org/2024/05/21/dedicating-₩100-trillion-73-2-billion-to-chinaeven-rok-navy-submarine-routes-could-be-handed-over-underwater-communications-cable-vulnerable-to-chinese-interception/

Original Link: https://eastasiaresearch.org/2024/05/21/dedicating-₩100-trillion-73-2-billion-to-chinaeven-rok-navy-submarine-routes-could-be-handed-over-underwater-communications-cable-vulnerable-to-chinese-interception/

User Message: Dedicating ₩100 Trillion ($73.2 billion) to China…Even ROK Navy Submarine Routes could be Handed Over, Underwater Communications Cable Vulnerable to Chinese Interception

Source:
中 해상풍력 장악땐 韓 안보 위태…軍 잠수함 루트까지 넘어간다

Translation:

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