It’s been 70 years since the
division of the Korean peninsula, yet the two countries are no closer to
reaching a mutual agreement than they were at the height of the Korean War.
From the inception of a separate government in 1945, South Koreans have been
increasingly vocal in their desire to be reunified with fellow countrymen,
particularly as the US-backed schism forced its way between relatives. However,
as the pain of family division has faded from people’s memories, public support
of reunification has been replaced by the rationality of the next generation, who
emphasizes continuously the expected costs of such a venture. As of today, South
Korea’s finance ministry has placed the predicted price of reunification at 7%
of the country’s yearly GDP for the next 10 years. Though the upfront costs
will cause a serious dip in Korea’s growing economy, the expected benefits from
natural resources, labor, and overland access to neighboring countries are
projected to ameliorate the damage in the long-term. In addition, reunification
will lead to the elimination of a major nuclear threat, and subsequent decrease
in required military presence will give South Korea greater flexibility to
focus efforts elsewhere. With young professionals viewing the task as more of a
financial burden than an imminent future though, the prospects of consolidation
are very slim.
Despite such rising apathy,
efforts to promote increased dialogue between the two nations are continually
on the rise. Earlier this month, family reunions between Koreans of the North
and South occurred for the first time since 2010, a symbolic gesture carried
out only with support from the Kim regime. The leaders of both nations have also
spoken on more actively pursuing interests for renewed relations. In his New
Year’s Day address, Kim Jong Un expressed hopes for better ties with the South,
while President Park Geun-hye recently made headlines by calling reunification
a “jackpot.”
South Korean president Park Geun-hye recently made headlines by calling reunification "a jackpot." |
Reunification, though conducted
with a highly capricious regime, will positively impact not only the Korean
peninsula, but all those nations with economic ties to the Republic of Korea. The
last prime minister of East Germany recently compared the situation in Korea to
that faced by his home country decades before, and offered both unique
knowledge and words of advice. At the time of the crumbling of the Berlin Wall,
the GDP difference between the East and West was at a ratio of 1:3. From the
debilitating effects of this gap, Germans are still recovering from inequality
and imbalance between the formerly divided nations. Korea faces a far greater
crisis with an estimated ratio of over 30:1, but the minister suggested that
with a focus on social and economic integration, Koreans would be able to reap
the long-time benefits of union.
Kim Jong Un, the chairman of the Communist Workers' Party, has also expressed interest in a reunified state. |
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