Tag: European Union

South Korea to Fund Study on EU Style Confederation with North Korea

| March 31, 2019

The Moon administration is further pushing the confederation idea with no hint of North Korea denuclearizing:

The South Korean government is planning to fund research projects into a range of potential models for unification with North Korea, documents seen by NK News showed this week, with case-studies including federation and EU-style confederation among several under consideration.
In plans for the two research projects, the South Korean Ministry of Unification (MOU) asked prospective participants in the project to examine cases of gradual unification.
Previous research on unification, it said, has concentrated on comparing Korea’s case to that of the “radical unification” of Germany in 1990, asking researchers to assume the North and South would likely take a more gradual approach.
Participants are also asked to look to the step-by-step process of unification suggested in the “Korean National Community Unification Formula” and pay attention to “implications that could be considered in the process of gradual change.”
The formula has long been the South Korean government’s formal plan for unification and is composed of three stages: reconciliation and cooperation, inter-Korean confederation, and unification.

NK News

You can read more at the link, but if these so called researchers try to copy the EU model, then their analysis is already a failure. There were no countries in the EU that were international pariahs threatening world peace by threatening their neighbors with conventional or nuclear attack. There was no countries in the EU launching terrorist attacks and a non-stop propaganda campaign into a neighboring country to undermine it either.

I can save the Moon administration all the money they are paying for this research by stating that any confederation that happens will occur on North Korean terms. That means a peace treaty that leads to the withdrawal of USFK, North Korea does not denuclearize, and South Korea carries the burden of rebuilding North Korea’s infrastructure, modernizing their military, and funding the Kim regime’s lavish lifestyle.

There will be no political or social openness in North Korea in return, instead the ideological indoctrination will be strengthened by the “victory” over the Americans by getting them to withdraw and the tribute the South Korean “puppets” are paying to Kim Jong-un in preparation for North Korea’s final victory.

“Brexit” Causes Korean Stock Market To Fall

| June 25, 2016

It is amazing how interconnect the world has become when Britain leaving the European Union is having financial ripple effects across the entire world to include in South Korea:

Korea’s stocks and currency plunged as investors panicked over the possible fallout of Britain’s surprise vote to exit from the EU, dealers said.

Analysts said growing uncertainties on global financial markets, triggered by the Brexit, will overshadow the sluggish Korean economy. They ruled out any immediate huge direct impact on the real economy, but said it will weaken overall investment and consumer sentiment.

The benchmark KOSPI closed down 3.09 percent at 1,925.24 points. The tech-loaded KOSDAQ market plunged 4.76 percent to 647.16.

The won tumbled, closing at 1,179.9 won against the dollar, losing 29.7 won from the previous day.

Analysts said the Seoul stock market will remain weak for the time being on growing uncertainties in global financial markets. [Korea Times]

You can read more at the link.