The Tale of Two Koreas

by MarcusLeung

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Improved relations could be a sign of bigger things to come between the two neighbours.

 

Formerly two neighbouring states with a noted disdain for each other,  the Democratic People’s Republic of Korea and the Republic of Korea – better known as North and South Korea – have begun an unexpected series of negotiations amid a state of civil unrest in the North. Just yesterday, it was reported by BBC that the two factions had agreed to resume diplomatic talks, in the wake of a surprise visit by North Korean officials.

As it stands right now, only the people involved actually know what the reopening of negotiations actually means, but given the level of hostility between the neighbouring nations in recent years, the start of constructive communication could prove to be a breakthrough. The start of warmer relations could potentially change the entire economic and financial landscape of that specific Asiatic region. If for north-and-south-koreawhatever reason North Korea decides to loosen its trade barriers with its southern neighbours, or simply open its doors like China back in the 1840s, there would be untold economic and political effects. Suppliers in China, South Korea, and Japan would suddenly gain a new, massive market base upon which they could sell their products. All the talk about what these negotiations signify is simply speculation at this point, but many believe that if things turn for the better, that the Koreas could be heading into very exciting times.

Evans, Stephen. “North and South Korea ‘agree to Talks'” BBC News. N.p., 4 Oct. 2014. Web. 04 Oct. 2014.

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