Reuters
South Korean study: Reunification with North could cost 7% of GDP
.
Sovereign debt stood at 34 percent of South Korea’s GDP in 2011, which the government aims to lower in the long term.
Despite the risk of an enlarged debt burden, the government sees more good than bad in the unification, with the ministry saying it would act to off-set the swift ageing of the South Korean population.
The ministry also pointed out the benefits of increased cooperation with neighboring countries, including the development of a gas pipeline linking South Korea and Russia.
Blowback
Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.
Trackbacks/Pings
Trackback URL
Comments
The reunification never affected the value of the Deutsche Mark one iota…heck it went up.
Then the German Dummkopfs gave it up and went for the Euro.
Schadenfreude on January 1, 2013 at 4:42 PM
7% sounds cheap. What’s the catch?
HotAirian on January 1, 2013 at 4:45 PM
You’re assuming that starvation has no effect on fertility. The famines in NoKo have forced people to eat grass.
Wethal on January 1, 2013 at 4:47 PM
GDP, nothing. The East Germans had to give up Communism first.
Attila (Pillage Idiot) on January 1, 2013 at 4:49 PM
Wait… They only have debt at 34% of GDP.. Second look at South Korea.
Illinidiva on January 1, 2013 at 4:52 PM
Indeed.
BigGator5 on January 1, 2013 at 4:59 PM
It’ll cost way more than money. Don’t do it.
MelonCollie on January 1, 2013 at 5:02 PM
Wait another couple of decades and the South can send settlers into NoKo…
ajacksonian on January 1, 2013 at 5:31 PM
7%, how much would the South save in military expenditures though?
Rebar on January 1, 2013 at 5:40 PM