ABSTRACT

The European Union (EU) is a relatively new player on the Korean Peninsula. It

has, therefore, received only scant attention despite its considerable financial

contribution to the Korean Peninsula Energy Development Organization (KEDO),

as a member of its board (ranking third, before Japan!), and its humanitarian aid

to North Korea. From 2000 onward, the EU’s involvement deepened with the

establishment of diplomatic relations with Pyongyang by most of its member

states. At the beginning of 2001, the EU’s North Korea policy gained additional

importance when the EU tried to maintain through its diplomatic activities the

political momentum created by the Clinton Administration and the North-South

Summit of June 2000 – a momentum that was threatened by the policy review

process of the new Bush Administration.