Northeast Asia currently faces excessive competition and escalating tension surrounding historical and other related issues among countries in the region. While this situation could be described as the so-called ‘Asia Paradox,' trust-building among countries has become one of the top priorities in Northeast Asia. The Park Geun-hye administration’s Trustpolitik was developed from an understanding of this trust-deficit situation in Northeast Asia, and the Northeast Asia Peace and Cooperation Initiative is one of the key factors of this Trustpolitik. For building trust and solving the trust-deficit dilemma of the region, this session will discuss the Northeast Asia Peace and Cooperation Initiative.