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INTER-KOREAN ECONOMIC RELATIONS UNDER PRESIDENT LEE MYUNG BAK
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INTER-KOREAN ECONOMIC RELATIONS UNDER PRESIDENT LEE MYUNG BAK
Annotation
PII
S0131-28120000619-5-1
Publication type
Article
Status
Published
Authors
Liudmila Zakharova 
ORCID: 0000-0001-6164-3518
Edition
Issue 2
Pages
42-52
Abstract
The North Korean policy carried out by presidents Kim Dae-jung and Roh Moo-myun resulted in two inter-Korean summits and a remarkable breakthrough in the economic cooperation between the North and the South. The moves aimed at expanding this cooperation which were agreed at the second inter-Korean summit could have brought the two Korean States closer to each other and could have given them a good profit. However, Lee Myung Bak’s election as ROK’s President and his tough approach to North Korea has brought to naught a substantial part of his predecessors’ efforts. The inter-Korean dialogue was suspended, the implementation of the new economic plans was frozen and the existing projects started to incur losses. At the same time, despite the tension in the inter-Korean relations at the government level, South Korean business continued to develop its activity in DPRK. In August 2009 North Korea switched its tactics from escalating economic demands to reducing them and waiting for the South’s offers.
Keywords
Korean peninsula, Lee Myung Bak, policy of co-existence and common prosperity, inter-Korean economic relations, Kaesong industrial complex
Date of publication
01.03.2010
Number of purchasers
2
Views
685
Readers community rating
0.0 (0 votes)
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