Think of this scenario. North Korea collapses. The Korean tax payer is loaded with a new Value Added Tax (VAT) and a hefty income tax to pay for unification. Japan, the United States, China all come to the party and contribute significant amounts to help stabilise and reform the north. But only then do people [...]
Entries from August 2010
Would chaebols benefit from Korean unification?
August 26th, 2010 · 4 Comments
Tags: Divided States Theory · ROK Economy and Politics · ROK Public Opinion
Kim Jong-Il is dead!
August 25th, 2010 · 4 Comments
Or as good as… Not because of the diabetes, poor heart, weak circulation and bad habits… but because JIMMY CARTER is coming!!! Sphere: Related Content
Tags: Personalities · Third Country Interests
North Korea reporting is a sham!
August 25th, 2010 · 1 Comment
The ROK Defense Ministry has stated in a report to the National Assembly that North Korea has deployed a large number of troops and arms near Pyongyang. According to the Chosun Ilbo: South Korea’s defense ministry said in a report to Parliament Tuesday that the large numbers of soldiers, armored vehicles and artillery have been [...]
Tags: DPRK Economy and Politics · Personalities · ROK Public Opinion
Rice aid for North Korea?
August 24th, 2010 · 5 Comments
There is a perennial question in Korean unification studies – should humanitarian and food aid be provided to North Korea? Grand National Party (GNP) spokesman Ahn Hyoung-hwan stated that government leaders are reviewing whether to provide food aid after a meeting on Sunday with the party’s chairman. This question will always be here… here are [...]
Tags: ROK Aid · ROK Public Opinion · ROK Unification Policy
Details of proposed Korean unification tax
August 19th, 2010 · 4 Comments
There are no official details of the proposed unification tax. Indeed, in my belief, the whole concept is as much about sparking debate on unification as it is about financially preparing for unification. Nevertheless, there are questions that are starting to gain greater attention in the local press. Firstly, how is the government going to [...]
Tags: Personalities · ROK Unification Policy
Korean Unification Tax and a brave Lee Myung-Bak
August 16th, 2010 · 8 Comments
A new tax has been proposed to prepare South Korea for the costs of unification. While I am never one to support a new tax, I reckon this is an excellent idea! Least of all because it will begin a conversation – a conversation that has been lacking in South Korea for around ten years. [...]
Tags: ROK Unification Policy



