South Korea’s participation in development of Russia’s Northern Sea Route

Suez Canal obstruction and, as a result, a sharp increase in the number of ships in the ports, caused the need to consider other alternative routes. One of them is the use of the Arctic Sea Route. Due to the need to provide energy resources, South Korea is very interested in the possibility of commercializing this route. The article examines issues such as the volume of cargo transported along the Northern Sea Route, the comparison of the length of the two routes, and the expected result in the case of South Korea's participation in the Arctic LNG-2 project. It was found that the use of the Northern Sea Route reduces the route from South Korea to Europe by about 6000 km and the transportation period by 10 days compared to the route through the Suez Canal. According to research by scientists, the Northern Sea Route can be economically profitable, depending on some factors. As a result, we came to the conclusion that the Northern Sea Route is the alternative sea route and South Korea is extremely interested in developing cooperation on the development of the Arctic zone of Russia.