Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-100 next last
To: 2ndDivisionVet
"Reuniting North Korea and South Korea could cost trillions of dollars..."

.... Well ... There ya go .... It's actually gonna cost money so we better just give Kim Jong an unlimited supply of nukes and just forget this whole thing!!! Damn .... Who would have thought there would be expenses to the reunification of two nations ....

41 posted on 06/12/2018 1:29:35 PM PDT by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: jonno

Yup, no names, no associated firms, just unnamed “analysts”. No other citations. So as long as you say, “some analysts” or “sources told CBS” it’s all good and 100% credible. Hogwash. Of course there will be costs.

Always endeavoring to find the clouds in the silver lining, unless of course it’s Obama and then everything is always unquestionably rainbows and Skittles.


42 posted on 06/12/2018 1:29:43 PM PDT by Obadiah
[ Post Reply | Private Reply | To 17 | View Replies]

To: 2ndDivisionVet

Does anyone explain why reunification should be a goal or why it is any business of the US whether they unify or not?


43 posted on 06/12/2018 1:30:32 PM PDT by Cincinnatus.45-70 (What do DemocRats enjoy more than a truckload of dead babies? Unloading them with a pitchfork!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cincinnatus.45-70

Should the US and Canada unite just because we have the same language, Germany and Austria?


44 posted on 06/12/2018 1:31:19 PM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 43 | View Replies]

To: 2ndDivisionVet

I think I’ll get the first Chick-fil-A franchise in N.K.


45 posted on 06/12/2018 1:31:20 PM PDT by blue-duncan
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Cost is a false premise. The question is whether the economic activity is going to lead to virtuous or vicious growth.

A hurricane creates economic activity, but it is vicious, since its recovery.

With NK, you have the opportunity to build plant an infrastructure to leap frog what exists in a country like the US that still suspends its telephone cables above the earth.

We are spending beau coup to man and equip the DMZ. Talk about vicious economic activity creating no wealth at all.


46 posted on 06/12/2018 1:31:34 PM PDT by RinaseaofDs
[ Post Reply | Private Reply | To 1 | View Replies]

To: pgkdan

That good news as well. Means lots of jobs and lots of business opportunities. Just look at what we have spent on A,I and S. The real challenge is social. A lot of people who have hardly a clue.


47 posted on 06/12/2018 1:32:36 PM PDT by Oldexpat
[ Post Reply | Private Reply | To 7 | View Replies]

To: 2ndDivisionVet

What would it cost if NK nuked Guam or Japan? Or California?


48 posted on 06/12/2018 1:35:07 PM PDT by airborne (I don't always scream at the TV but when I do it's hockey season!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Absolutely pathetic. CBS hoping as hard as they can that reunification doesn’t happen under President Trump.


49 posted on 06/12/2018 1:37:33 PM PDT by libertylover (If people come here legally, they're immigrants; if they come here illegally, they're invaders.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

North Korea has massive reserves of critical rare earth elements that Samsung LG and Hyundai all need. And NK could quickly become the new go-to location for cheap factories, displacing Vietnam


50 posted on 06/12/2018 1:42:07 PM PDT by montag813
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

The cost of unifying th USA has cost way more thanks to the efforts of blue states like California and Massachusetts to bankrupt us.


51 posted on 06/12/2018 1:44:04 PM PDT by pepsi_junkie (Russians couldnt have done a better job destroying sacred American institutions than Democrats have)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

This is what is referred to as "ginning up" the opposition. The logic is ridiculous, largely non-existent, and a feeble attempt to downplay a huge win by Team Trump. I'd say it's a shame the MSM is too stupid to realize people are seeing through them these days, but it actually works to the advantage of the adults in the room. So, shhhh :-)


52 posted on 06/12/2018 1:46:37 PM PDT by so_real ( "The Congress of the United States recommends and approves the Holy Bible for use in all schools.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Governor Dinwiddie

South Korea is a world leader in finance and industry. They can handle it.
Not our circus. Not our monkeys.

...Agree


53 posted on 06/12/2018 1:49:43 PM PDT by HangnJudge
[ Post Reply | Private Reply | To 16 | View Replies]

To: Red Badger

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

That’s easy.

If anything costs liberals a modicum of power, libs will be concerned about any financial aspects of a proposal. If teaching people how to work instead of accept welfare checks cost $0.01 per person, then that cost would be subjected to an unholy number of cost-benefit analysis and committee discussion. It would take years to determine if $0.01 per person would be worth it. They know losing a person on welfare to work means that they can potentially lose a voter.

If it benefits their power structure, then cost be damned!


54 posted on 06/12/2018 1:50:34 PM PDT by edh
[ Post Reply | Private Reply | To 11 | View Replies]

To: 2ndDivisionVet

Question for Jillian....

Whom, as are you suggesting will pay those “millions or trillions”?


55 posted on 06/12/2018 1:53:43 PM PDT by DaveA37
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet
Uh, like East Germany with the West??

Germans mattered but Koreans don’t?

Elitist snobs hate freedom when they’re not in charge!

56 posted on 06/12/2018 1:54:08 PM PDT by zerosix (Native Sunflower)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pearls Before Swine
I was always surprised at how W. Germany somehow footed the immense bill for integrating with E. Germany.

Very similar undertaking albeit that the chasm between North and South Korea are even greater.

One of my business colleagues (from Germany) summed it up thus "It is amazing how much creative and productive energy is unleashed when millions of people find themselves working real jobs rather than spying on their neighbors and engaging in bureaucratic make-work projects."

Remember, it was Reagan himself who predicted that when the Berlin Wall finally came down, the news would be greeted on the left with headlines such as

"THOUSANDS OF BORDER GUARDS NOW UNEMPLOYED."


57 posted on 06/12/2018 1:55:41 PM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
[ Post Reply | Private Reply | To 5 | View Replies]

To: 2ndDivisionVet

Make Mexico and Canada pay for it.


58 posted on 06/12/2018 1:56:46 PM PDT by 1Old Pro
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pearls Before Swine

With the EU, conceivably if East and West Germany still existed, there wouldn’t be too much difference, both would have adopted the Euro, for example.


59 posted on 06/12/2018 1:57:44 PM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Sarah Barracuda
The left wants nuclear war..they would rather DIE than give President Trump credit for ANYTHING

You nailed it. People and money mean nothing to the left. They steal what they want from taxpayers and people are expendable. Taking a "crisis" off the table hurts the cause. Giving credit to the man who beat their queen is unconscionable. When America wins, the left loses.

60 posted on 06/12/2018 1:58:54 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
[ Post Reply | Private Reply | To 22 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-100 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson