Russian Embassy’s banner controversy, Seoul-Moscow ties and shipping — Ep. 121

NK News Data Correspondent Anton Sokolin joins this week’s episode to discuss the recent controversy around the Russian Embassy in Seoul displaying a large “Victory will be Ours” banner as the fourth anniversary of the Ukraine war approached.  The episode then pivots to a bigger question: how much Russia actually cares about South Korea. Anton explains how Korea has long held importance in Russian foreign policy, even if the current moment is skewed toward Pyongyang due to the Russia–North Korea strategic partnership and wartime alignment.  John and Anton also dig into the practical side of “hedging” in Seoul’s Russia policy: South Korea’s sanctions alignment with the West alongside continued trade in non-sanctioned areas and companies’ attempts to keep options open for a postwar return.  A major forward-looking thread is the Northern Sea Route. Anton explains the appeal for South Korea of shipping containers via the Arctic to cut transit time to European ports like Rotterdam, and why Russia’s nuclear-powered icebreaker fleet is central to the route.  About the podcast: The Korea Pro Podcast is a weekly conversation hosted by Korea Risk Group Executive Director Jeongmin Kim, Managing Editor John Lee and correspondent Joon Ha Park, delivering deep, clear analysis of South Korean politics, diplomacy, security, society and technology for professionals who need more than headlines. Uploaded every Friday. This episode was recorded on Thursday, Feb. 26, 2026. Audio edited by Alannah Hill