Abstract:
Responding to transnationalism and a shrinking population, South Korea has pursued a policy of engaging its seven-million strong diaspora by giving Koreans living abroad virtual extraterritorial citizenship. The policy is yielding economic benefits, as well as the political and cultural benefits that stem from building loyalty to the ethnic homeland. The government’s Overseas Koreans Foundation is fostering a Korean identity among the diaspora, enhancing and expanding economic and political cooperation with them, and building networks linking them to one another and to Koreans in South Korea.