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Inter-Korean economic cooperation : The need for reciprocity -does lopsided cooperation continue to soothe North’s bluffing mentality?-

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  • Inter-Korean economic cooperation
  • Hwang, Eui-Gak
  • International Council on Korean Studies


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Title Inter-Korean economic cooperation
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Sub Title

The need for reciprocity -does lopsided cooperation continue to soothe North’s bluffing mentality?-

Material Type Articles
Author(English)

Hwang, Eui-Gak

Publisher

[Washington, D.C.]:International Council on Korean Studies

Date 2008
Journal Title; Vol./Issue International Journal of Korean Studies:vol. 12(no. 1)
Pages 26
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding ICKS

Abstract

This paper examines inter-Korean economic cooperation and trade. It reviews the political background and current status of the idiosyncratic determinants of inter-Korean economic cooperation and trade, followed by its resultant impacts as well as policy suggestions for future directions. Over the last 20 years, inter-Korean trade increased by about 90-fold from 20 million US dollars in 1989 to 1.8 billion US dollars in 2007. Since 1999, in particular, inter-Korean economic cooperation has expanded significantly. Its share of North Korean total trade accounted for 13 % in 1999, 26% in 2005 and jumped to 61.2% in 2007. Such an increase is due mostly to increasing aid and investment from the South. While the economic gap between the North and South is still widening, the North’s brinkmanship strategy shows no sign of ending. (The rest omitted)