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Reuniting North Korea and South Korea could cost trillions of dollars
CBS News Money Watch ^ | June 12, 2018 | Jillian Harding

Posted on 06/12/2018 1:07:11 PM PDT by 2ndDivisionVet

President Donald Trump's historic summit with North Korean leader Kim Jong Un in Singapore on Tuesday, following on the heels of the two Korean leaders meeting a little over two months ago, has raised the question of whether North Korea and South Korea would ever reunite.

Analysts say unifying North and South Korea could cost a trillion dollars under the best of circumstances and take several decades. The final price tag would also depend largely on what the catalyst for reunification is.

Some analyses put the cost of reunification at far more -- closer to $3 trillion. Experts argue that much of the cost surrounding any scenario for Korean unification would depend on whether the countries decided to converge gradually or if a chaotic event occurs. If the reform were carefully planned and followed by a peaceful union, it would be far less expensive than if North Korea's economy collapsed or a war broke out, requiring massive reconstruction costs.....

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: economy; korea; northkorea; reunification; southkorea; trump
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1 posted on 06/12/2018 1:07:11 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Not thousands of lives, ya filthy Big Media Freaks?


2 posted on 06/12/2018 1:08:16 PM PDT by treetopsandroofs
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To: 2ndDivisionVet

Hey Jillian!!

What’s your price estimate on a NUCLEAR WAR?!?!?!?!?!


3 posted on 06/12/2018 1:08:49 PM PDT by G Larry (There is no great virtue in bargaining with the Devil)
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To: 2ndDivisionVet

LOL!

Indeed, these guys are STUPID.


4 posted on 06/12/2018 1:08:54 PM PDT by Professional
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To: 2ndDivisionVet

Korea has it, or can get it.

LCD prices going up... 3..2..1.

I was always surprised at how W. Germany somehow footed the immense bill for integrating with E. Germany.


5 posted on 06/12/2018 1:09:22 PM PDT by Pearls Before Swine ("Married with children.")
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To: 2ndDivisionVet

Gettin a little ahead of yourselves with the gloom and doom, CBS. I would think private investment would cover a lot of it.


6 posted on 06/12/2018 1:09:34 PM PDT by Daddaroo
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To: 2ndDivisionVet
Some analyses put the cost of reunification at far more -- closer to $3 trillion.

And...some analysts don't know their ass from a hole in the ground.

7 posted on 06/12/2018 1:09:35 PM PDT by pgkdan (The Silent Majority STILL Stands With TRUMP!)
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To: 2ndDivisionVet

How much is overthrowing the egyptian and libyan governments costing us?

#OkWhenObamaDoesIt


8 posted on 06/12/2018 1:10:28 PM PDT by a fool in paradise (Spygate's clock began in 2015 - what did President Obama know and when did he know it?)
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To: Pearls Before Swine

I think most former West Germans regret reunification now.


9 posted on 06/12/2018 1:10:41 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: 2ndDivisionVet

Oh, yeah. Now libs are great fiscal conservatives.

How about they work on getting our $1.7 billion that Obama and Kerry donated to the mullahs back? The Fake News never had a problem with that.


10 posted on 06/12/2018 1:10:53 PM PDT by jazminerose (Adorable Deplorableu)
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To: 2ndDivisionVet

Since when do liberals worry over the cost of ANYTHING?............................


11 posted on 06/12/2018 1:11:31 PM PDT by Red Badger (When Obama and VJ go to prison for treason, will Roseanne get her show back?...)
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To: 2ndDivisionVet

Why would it cost trillions? Peace and Love are free! Now get to work NK & SK!


12 posted on 06/12/2018 1:12:53 PM PDT by Harpotoo
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To: 2ndDivisionVet

Cost is never as important as who pays.
It should not be a US cost.


13 posted on 06/12/2018 1:12:56 PM PDT by Rapscallion (Problem was not Trump collusion, but an FBI-Intelligence conspiracy with Obama.)
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To: 2ndDivisionVet

We’d better get on it before China does.

China is an AHOLE in that area, and will do it just to claim the land and the people. They are already eyeing up Korea.

China already claims the waters. And the CCP will gladly claim that entire body of water right up to the Golden Gate Bridge.


14 posted on 06/12/2018 1:12:57 PM PDT by Celerity
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To: Professional

Yeah they still think Obunghole is in office with pallet loads of US $ to give away!


15 posted on 06/12/2018 1:13:46 PM PDT by Harpotoo
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To: 2ndDivisionVet
South Korea is a world leader in finance and industry. They can handle it.

Not our circus. Not our monkeys.
 

16 posted on 06/12/2018 1:13:51 PM PDT by Governor Dinwiddie (MAGA in the mornin', MAGA in the evenin', MAGA at suppertime . . .)
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To: 2ndDivisionVet

What a fact-less article (including the links from the so-called “experts”).


17 posted on 06/12/2018 1:14:03 PM PDT by jonno (Having an opinion is not the same as having the answer...)
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To: Pearls Before Swine

Yup, people keep forgetting that.


18 posted on 06/12/2018 1:14:31 PM PDT by Cobra64 (Democrats: Herd mentality exhibiting melodramatic hysterics.)
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To: 2ndDivisionVet

Ask West Germans...


19 posted on 06/12/2018 1:14:36 PM PDT by Hotlanta Mike ("itYou can avoid reality, but you can't avoid the consequences of avoiding reality.")
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To: Pearls Before Swine

We could save trillions by ending the war on poverty.

50 years later all we have to show for it are broken homes and economic refugees from third world nations.

Poverty will never go away when we keep importing tens of millions of poor people.


20 posted on 06/12/2018 1:14:42 PM PDT by a fool in paradise (Spygate's clock began in 2015 - what did President Obama know and when did he know it?)
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