Challenges and Vision for Advanced and Unified Korea



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.


Unified Korea North Korean Korean People Unification Cost Economic Cooperation Framework Agreement (ECFA) 
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© The Author(s) 2019

Authors and Affiliations

  1. 1.Department of Unification and DiplomacyKorea UniversitySeoulSouth Korea

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