Trends in Political and Economic Cooperation of the Koreas Since the Last Inter-Korean Summit
Trends in Political and Economic Cooperation of the Koreas Since the Last Inter-Korean Summit

Summary/Abstract: This Article concerns relations between the Korean states after the second inter-Korean summit. The evolution of inter-Korean relations can be divided into periods that mirror the nature and specific character of cooperation and rivalry of the two Koreas. Inter-korean dialogue cover the issues of a unification dialogue and an economic and cultural cooperation; it is worth noting that all the mentioned areas of cooperation overlap. Ever since the Sunshine Policy initiated by President Kim Dae-jung, it has become apparent that one of the main obstacles to the unification of the Koreas is the economic gap; therefore, increased economic cooperation was to be sought. Despite the failure of some economic projects, owing to the economic initiatives and increased cooperation, the Korean states have strengthened mutual trust. The Republic of Korea has become the second largest DPRK’s trading partner after China.

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