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A Trade Triangle among North Korea, South Korea, and China

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Frame of Image North Korea’s exports to China relative to North Korea’s total exports was 64.7 percent, while the share of North Korea’s imports from China relative to North Korea’s total imports reached 77.5 percent. How the increased dependence of North Korea on China as a trading partner will affect the future relation of the two Koreas is the focus of this paper. The underlying hypothesis of this paper is that the best unification policy for South Korea is to continue to promote bilateral economic relations with China, to stay away from economic sanctions against North Korea, and to convince China of the increasingly burdensome role that North Korea plays to China. The changing trade triangle that increasingly favors South Korea over North Korea is likely to tempt, if not force, China to reconsider its support of North Korea.
JEL Code: F51 International Conflicts, Negotiations & Sanctions
Key Words: Trade Triangle North Korea Trade with China South Korea Trade with China Exports by Technology Imports by Technology
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Introduction As hostile as the relation between the two Koreas may seem, the two Koreas have had numerous cooperative relations ever since the Korean War ended on July 27, 1953. The first joint statement “South-North Joint Communiqué” between the two Koreas, released on July 4, 1972, states that “Reunification will take place without reliance on or intervention by foreign nations; it will be achieved by a peaceful means,” and that “The two sides shall institute various excha


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Title A Trade Triangle among North Korea, South Korea, and China
Similar Titles
Material Type Proceedings
Author(English)

Chang, Semoon

Publisher

[Seoul]:University of South Alabama(Mitchell College of Business)

Date 2012-06
Event

2012 KDI Journal of Economic Policy Conference Shared Growth and Sustainable Development

Pages 49
Subject Country China(Asia and Pacific)
North Korea(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KDI; KDI School of Public Policy and Management

Abstract

As hostile as the relation between the two Koreas may seem, the two Koreas have had numerous cooperative relations ever since the Korean War ended on July 27, 1953. Looming on the horizon of these murky relations between the two Koreas has been the dramatic increase in North Korea’s dependence on China as a trading partner since 2001. In 2009, the share of North Korea’s exports to China relative to North Korea’s total exports was 64.7 percent, while the share of North Korea’s imports from China relative to North Korea’s total imports reached 77.5 percent. How the increased dependence of North Korea on China as a trading partner will affect the future relation of the two Koreas is the focus of this paper. The underlying hypothesis of this paper is that the best unification policy for South Korea is to continue to promote bilateral economic relations with China, to stay away from economic sanctions against North Korea, and to convince China of the increasingly burdensome role that North Korea plays to China. The changing trade triangle that increasingly favors South Korea over North Korea is likely to tempt, if not force, China to reconsider its support of North Korea.