Korea, North Korea inter-Korea economic cooperation will increase in the future
1. Description
Inter-Korean exchanges expanded significantly and became Transparent, Multilateral, Legal and Market-Oriented
2. Enablers
• Regulations Eased on Inter-Korean Trade and Traffic
• North Korea separated from international economy trade. So it’s economic partners can be narrowed in some countries include South Korea.
• As South Korean firms try to go to the industrial park for using North Korea’s cheap and skillful labors.
3. Inhibitors
• North Korea’s nuclear problem can give negative effect to Inter-Korea economic cooperation.
• China firms can acquire the economy trade with North Korea in advance.
4. Paradigms
• Before: Previous Inter-Korea trade usually happened in economic assistance.
• After: Inter-Korea trade will be more advanced and multilateral. So it will give economic benefits to South Korea and North Korea.
6. Timing
South Korea’s investment in North Korea will be varied in the industry. Until 2020 Various plant will be made in North Korea from low-technology products like clothes to high-technology products like mobile phone.
7. Web Resources
http://times.hankooki.com/lpage/nation/200503/kt2005032318294811990.htm