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May 18 - 24, 2001

The Economics of Korean Reunification

Can South Korea’s sunshine policy work?

South Korean president Kim Dae-jung.
By Ron Chepesiuk

Last June, South Korean President Kim Dae-jung journeyed to North Korea to meet with that country’s leader, Kim Jong Il, in a move he hoped would begin a process leading to better relations with North Korea, and eventually to Korean reunification. The meeting was considered a success.

Since then, Kim Dae-jung has won the Nobel Peace Prize. And more importantly, the two countries have forged closer ties: the rail lines between the North and South have been reconnected, economic relations have strengthened, and some families separated some 50 years by the Cold War have reunited.

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