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* Date : 2019-09-19

Embracing Peace Part.1 'Peace Economy'

On July 6th, 2017, president Moon announced “New Berlin Declaration” at Berlin Körber Foundation. It was a new national policy direction that included the idea of a "peaceful economic community" encompassing Northeast Asia and the U.S. as a blueprint for the future Korean Peninsula that will come in 100 years.

Harry Kazianis, the director of Korean Studies of CFTNI, evaluated that president Moon’s bold and intuitive choice played an important role to bring out the first 2018 inter-Korean summit.

For younger generations South Koreans who are concerned about inter-Korean exchanges and economic cooperation, Doctor Lee Mi-kyung, Professor of Institute for Unification Education, says that the trade volume generated by the principle of free trade between the two Koreas has been $24.85 billion, adding credibility to the prediction made by the Goldman Sachs report in 2009.

The "East Asian Railway Community" of the new economic initiative on the Korean Peninsula will use North Korea's geopolitical strengths to link South Korea, North Korea, China and Russia as one. As Northeast Asia gets linked by a railway, they can form a new economic community by linking the world's three largest trade blocs to North America's NAFTA and Europe with oceans and continents. Nine Bridges strategy, which is another key for the new economic initiative on the Korean Peninsula, is a strategy linking nine industries (including energy and transportation) to North Korea, and it is expected from Russia and China, which have high energy demand.

Inter-Korean exchanges lead to a virtuous cycle of peace and economy. The virtuous cycle of the economy will again lead to a lasting peace settlement on the Korean Peninsula and contribute to co-prosperity.

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