Advertisement

Challenges and Vision for Advanced and Unified Korea

Chapter
  • 344 Downloads

Abstract

Achieving unification of the Korean Peninsula would be as difficult as solving dynamic simultaneous equation with uncertainty. High level of uncertainty and opaqueness surrounding the unification timing and formula will be presented in actual unification process. Former President Park Geun-Hye laid out the “theory of unification as a bonanza” at a new year’s press conference in January 2014. Her unification as a “bonanza theory played a positive role in rekindling Korean people’s interest in unification which has been waning over the past 70 years since liberation in 1945 and in breaking perpetuating divisional structure on the Korean Peninsula. President Park’s “unification bonanza” theory was especially meaningful as it raised public awareness on the necessity of unification, which has been gradually forgotten among the Korean people. However, waiting for North Korea’s sudden collapse and hoping to absorb North Korea after its collapse would be a hollow dream if there is no specific plan and preparation for unification.

Keywords

Unified Korea North Korean Korean People Unification Cost Economic Cooperation Framework Agreement (ECFA) 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Bibliography

  1. Forum on North Korea Economy, A Study on Effective Land Management of North Korea after Unification, October 2000, p. 127.Google Scholar
  2. Janos Kornai, The Socialist System, Princeton: Princeton University Press, 1992, p. 388.CrossRefGoogle Scholar
  3. Kim, Chang-Kwon, “Analysis of 15 Years after German Unification: Unification Cost and Implication for Korea”, Hyundai Economic Research Institute, Unification Economy, Winter 2005, p. 66Google Scholar
  4. Kim, Young-Yoon et al., Significance and Benefits of Peace Cost, Korea Institute for National Unification, 2005.Google Scholar
  5. Nam, Deok-Woo, Let’s Turn to Northeast Asia, Samsung Economic Research Institute, 2002, p. 99.Google Scholar
  6. Shin Chang-Min, Unification is a Bonanza, Mail Business Newspaper, 2012, p. 78.Google Scholar
  7. Yoo Ji-Hoon, illustrated by Horst Haitzinger, German Unification Question 1949–1990, Sigongsa, 1999, p. 89.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Department of Unification and DiplomacyKorea UniversitySeoulSouth Korea

Personalised recommendations