EAST 213 Lecture Notes - Lecture 16: Kim Dae-Jung, The Dong-A Ilbo, Sunshine Policy

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By mid-90s nk per capita gnp was 1/10th of outh korea"s. Loss of u r: dprk"s (cid:373)ai(cid:374) tradi(cid:374)g part(cid:374)er a(cid:374)d superpo(cid:449)er ally. Absorption of east germany by west germany. Food aid- kim dj could not go beyond his predecessors levels of rice assistance, without being accused of appeasing/rewarding the nk state; demands for reciprocity in n-s negotiations. Leads to a strategy of pursuing joint economic development; possible business relationships with the north. Hyundai founder and chairman chung ju-yong- born in the north, has personal and sentimental reasons for wanting to do business with the north. Hyundai becomes a convenient channel for provision of sk assistance. Detention of sk housewife min young-mi as a spy, turns sk public against the project. Price is too high- carrot with no stick. No solid economic rationale for the project, leading to an indirect government bailout of the bankrupt hundai project in june 2001.

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