The 'New World Order' Confirmed at Davos... Where Should Korea Stand in Trump's Second Term? | Min Jung-hoon, Professor at Korea National Diplomatic Academy [In-depth Interview]

Summary

Professor Min Jung-hoon of the Korea National Diplomatic Academy discusses the 2026 Davos Forum, where Trump's unilateral stance on Greenland and trade dominated, overshadowing the official theme of dialogue. He analyzes Trump's transactional deal-making, the US retreat from global hegemony, and the shift toward a reverse Nixon strategy with China. The conversation covers Ukraine ceasefire prospects, US midterm risks, and Korea's strategic position, concluding that Korea faces more opportunities than challenges and can strengthen its role in defense, shipbuilding, and nuclear power.

• Davos 2026 was overshadowed by Trump's unilateral remarks on Greenland and trade.
• Trump uses maximum pressure and deal-making, often backing down but still extracting concessions.
• The US is retreating from its role as global police, pushing allies to pay more for their own defense.
• Energy and critical minerals are central to US strategy and AI-era competition.
• Trump is pursuing a reverse Nixon strategy to manage competition with China.
• Ukraine is likely heading toward a ceasefire rather than a full peace treaty.
• US midterm elections could create political gridlock and uncertainty.
• Korea sees strategic opportunities in defense, shipbuilding, and nuclear power.