Political Risk / North Korea
One Korea?
September 2005 | Political Risk AnalysisThe two Koreas are technically still at war, after a truce ended the 1950-53 Korean War. But since an unprecedented summit of the two countries' leaders five years ago, Pyongyang and Seoul have forged closer ties, leading to renewed speculation that Korean unification may ensue in the next few years. At a celebration in August to mark the 60th anniversary of independence from Japanese colonial rule, a banner in Seoul declared that 'unification has already happened'. The real question is not whether unification will take place, but whether the process will be seamless and pain-free, or volatile and painful. In
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