The North Korean Economy

Improved Essays
In 1910 to 1945 Korea was dominated by Japan, but later, Korea could regain their freedom with the help of America and Soviet Union on Aug. 15, 1945. At the time, America and Soviet Union were in alliance. After regained, Korean polities reformed quickly as democracy and they tried to elect a new president. However, there had one big problem that America wanted Korea to be democracy nation, but Soviet Union Wanted Korea to be communism nation because America pursued democracy, but Soviet Union pursued communism. Therefore, people were divided into two support groups with democracy and communism polities. Two support groups formed antagonistic relationship each other and it started Korea War what caused division South Korea into North and South …show more content…
If North and South Korea reunify, Korea’s economy would be difficult because South Korea need to help North Korea for meaking both Koreas’ economic evenness. North Korean economy has been harder and they depend on international humanitarian relief for over than 10 years. Furthermore, earlier on 2011, North Korea demands WFP (United Nation World Food Program) to help North Korea with foods. Likewise, North Korean economy get harder than past and many North Koreans are starved. So, If North and South Koreas reunify, Korean economy would be stuck because South Korea will spend a lot of money and more pay attention to North Korea for raising up North Korean economy than Korean economic development. However, some experts say North and South Korea could overcome this problem. According to Martin from the article" Lessons Learned, South Korea Makes Quick Economic Recovery"," …But South Korea was able to bounce back and resume the soaring growth rates that have enabled its gross domestic product to double since 1998, catapulting South Korea into the ranks of the world 's wealthiest nations". South Korea 's economy almost collapsed in 1997 because many large of South Korea 's industrial companies was in economic trouble, like Daewoo group that was one of the biggest Korea 's company that affected Korea 's economies. Above situation has been called IMF. However, now South Korean economy ranking has become in 15th largest in the word. Some countries use a data that South Korea experience that how overcome their severe economic problem for getting over their hard economy. Nowadays, South Korea’s economy is more activation and improvement than past South Korea in 1997. If Korea would encounter hard economy after reunified, they would overcome the economic problem

Related Documents

  • Decent Essays

    Korea was divided into two parts, a communist North assisted by the Soviet Union, and a non-communist South assisted by the United States. In November of 1950, communist North Korea attack South Korea, an American ally. US joined to drive North Korea back. North Korea supported China and Soviet Union. It ended and started at 38th parallel.(Doc C, Map) Korea was a great example of containment because US kept communism and Soviet influence from spreading into South…

    • 278 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    The Korean war initiated in June, 1950 when North Korea attacked South Korea at the 38th parallel, and Kim II Sung intended to unite Korea as a communist entity causing rise of fear in the United States because of domino theory. Whereas, the Vietnam war started in the late 1950’s when South Vietnamese government with the United States support confronted the South Vietnamese communist Viet Cong and the North Vietnamese Army in an internal conflict. The Korean War, labeled the first proxy or Cold War, brought increased tension and Communist threat to the borders of Asia leading to fear and rise of McCarthyism. On the other hand, the Vietnam war didn’t raise tension levels greatly because it was not associated as a cause of Cold War and the world affairs continued in spite of the longevity of the war. Furthermore the differences led North and South Vietnam to become a united country. However, Korea remains divided. The Korean war ended in three years whereas the Vietnam War continued for a period of ten years. Protection of communist control in South Korea prevailed, but South Vietnam lost the battle. Hence, the differences in causes between the Korean and Vietnam wars became evident in the outcomes of the…

    • 1261 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Korean War Vs Communism

    • 1559 Words
    • 7 Pages

    The Korean war started on June 25, 1950 and lasted for three years. The korean war rose out a division in ideologies. After the Japanese surrendered during World War II, Korea was divided between the USA and the Soviets along the 38th parallel. South Korea became a nation with a free market, while North Korea became a communist state. The president of North Korea Kim Il-sung, who is considered the founder of the North Korea’s Communist government, was thought to be corrupt and in blamed for the death of 100,000 plus lives. On June 25, 1950, North Korea, with 75000 soldiers, invaded South Korea. The newly formed United Nations voted unanimously that the invasion was a breach of peace and President Truman sends military force to aid South Korea on June 27. By early October of that year, the United Nations had beaten back the North Korean Army and had military forces which occupied most of North Korea including its border with China. This created panic in China because they themselves had recently become a communist state under the rule of Mao Zedong. The Korean war was largely marketed in the United States of America as battle in the war on communism. We see this in the book “China’s Decision to Enter the Korean War” by Hao Yufan and Zhai Zhihai. This book says that china saw the United States of America as a powerful imperialist country with opposing…

    • 1559 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    In order to escape from such an economic crisis, there is no reason why the leader in North Korea carries out comprehensive reforms to transform North Korea’s socialist planned economy into a market economy as quickly as possible. Transforming from the socialist planned economy into a market economy can solve the North Korea. However, the leader of the North Korea did not mean to transform North Korea’s socialist planned economy into a market economy. North Koreans are suffering from the bad economy situation occur in their country. The bad economic situation in North Korea had significantly affected the health of innocent North Koreans, especially the children in North Korea. Slow growing rate of the economy in North Korea resulting low job opportunities. Most of the North Koreans could not afford to buy food for their children. This slower growth rate is consistent with stunting due to chronic malnutrition. Lack of food leads North Koreans suffering from…

    • 1560 Words
    • 7 Pages
    Improved Essays
  • Superior Essays

    North Korean Economy

    • 1790 Words
    • 8 Pages

    Given the secrecy of the North Korean government many of its citizens have no idea about the outside world or even the reality of what happens around them domestically. The mere fact that many of the citizens within North Korea have no idea how babies are conceived just shows that human access to information is very limited in comparison to other areas of the world. The only benefit that this provides for the country is ignorant loyalty in support for their country. Given that much of the well developed and thriving world utilizes a democratic system of government with well supported freedom of speech, many issues get solved for different areas in an economic system. Because North Korea is a planned system they get to decide the fate for all areas of the economy and people are brainwashed to show loyalty to that. There is no freedom of religion, no freedom of speech, and absolutely no access to information. An example from the book in which Chang Bo’s job was to publish business reports that made the North Korean economy look as if it were operating effectively just goes to show that the communist government created full control of the information that was provided to its citizens. Some could make the argument that this limited information can benefit the government by keeping people in high spirits about what they are living in and in theory could work. However, if the planned economy cannot provide in the simplest goods and services then there is no point in wasting the time and energy lying to citizens rather than providing for them. In order for a country to grow into a well developed nation empowering the people that live within the country is the most important asset. But due to the lack of empowerment for the general population of North Korea the separation of classes is very high. The upper class gets to live very luxurious lives in comparison to…

    • 1790 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    The Pueblo Incident Essay

    • 1225 Words
    • 5 Pages

    It was the first war that the United Nations was involved and where the United States made a plan to defeat communism since the end of World War II. After the Second Great War, South Korea become stronger through means of production and population increase along with support from the United States and the U.N. However, North Korea felt threatened during this time because the U.S. was a major superpower and had yet to receive help from the pact made at the Yalta Conference in 1945. North Korea had no choice but to join the nearest superpower that wasn’t dropping bombs on the country and try to show their loyalty after the Soviet Red Army liberated North Korea the same year as the Yalta Conference. Tensions between North Korea and any other United States ally rose when the U.S. passed the Trading with the Enemy Act and continued until 2008. This piece of legislation would further hurt North Koreans and anger the country as a whole and to push them away deeper into the communism plot. Feelings would continue to be hurt once the United States pulled out of the Armistice Agreement for the Restoration of the South Korean State (1953) or more specifically part 13(d) which declared that no part of Korea could bring in more weapons and trade to other sides and allies. This single handily pushed North Korea into a technological advancement frenzy where once they seized the USS Pueblo the North Korean army knew that they could successfully advance farther than Russia or…

    • 1225 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    When Japan surrendered The soviet union and the US split divided the Korean peninsula into two making a South and North Korea. In June, 1950 North Korea started the Korean war by invading South Korea. MacArthur got into the war because the US is apart of the United nations and the council elected someone from the United Nations Commander to help south Korea. Soon Macarthur would be in control of South Korea's troops and directed their operations.…

    • 77 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    Before the second World War has started, the Korean Peninsula had been a part of Japan. After the war had ended, it needed to be split up. The Northern part went under the control of the Soviet Union and the Southern part under the control of the United States. The Soviet Union was communist and the United States was against communism. The two sides were divided at the 38th parallel. Both sides, the North and South, were not getting along and they were having constant skirmishes and battles along the border at the 38th parallel. Attempts were made to negotiate a unified country and for all to get along, but the negotiations were going nowhere. So in the year 1950 the Korean War started, June 25th to be more exact. But before all of this started,…

    • 394 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    The Korean War was a war between the North and South Korea, and each side had allies to help them throughout the war. The US had a force in South Korea, while China help fighting with North Korea, and the Soviet Union was also on the North Korean side when war happened. The Korean War itself was a war for many reason, while the North and the South Korea was a civil war, there was no compromise for Korea’s future. The North was led by leaders, Josef Stalin leading the Soviet Union, Mao Zedong lead China and the founder of PRC, and Kim Il-sung the supreme leader of (DPRK) Democratic People's Republic of Korea. They all wanted a communist Korea, where there was a single party that controlled everyone lives, just like the way they ruled their own…

    • 437 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    In the beginning, it was established that Japan that was in control of Korea from the annexation they made in 1910. April 1945 the Yalta Conference agreed to make a four power trusteeship for Korea near the end of World War two. Korea was split into two pieces, North and South Korea. The United States had control of the southern part of Korea below the 38th parallel, and the Soviet Union occupying the northern area. Later on in that year it was settled that the country would be reconnected and made an independent country after a five year wait. Though to be said a five year time period before the reuniting happened, it was decreased and election was held in 1948 in both the Northern and Southern area of Korea. The communist, began to build…

    • 1366 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    We had believed that just like before in germany the soviets were to blame for spreading the communism further. They had inflicted North Korea to become a state of communism and over time the Soviets influence left North Korea wanting to spread their views in the same way. The dawn of June 25th, 1950, about ninety thousand North Korean troops marched through the boundary lines between the Northern and Southern countries, invading South Korea.…

    • 452 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    Before WWII, Korea used to be part of Japan, but after the war it had to be divided up. The north half went to control of the Soviets and the southern half when into control of the United States. It had a communist northern half which claimed to be the true government of Korea and a non-communist southern half. The two sides did not get along and there was constantly fights along the border. Some attempts were made to negotiate it into a unified country, but that lead to nowhere. The war began when the North Korean Communist army invaded non-Communist South Korea.…

    • 103 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Us Vs South Korea Essay

    • 1098 Words
    • 5 Pages

    At the end of world war two for the first time in 35 years Korea was free of Japanese occupation. Due to the agreements that the Soviet Union signed with America to join the pacific war against Japan the Soviet army stopped at the 38th parallel and the country was split into two, the Soviet Union controlled the North and the Americans controlled the south.…

    • 1098 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Korea was originally a part of the Japanese Empire. In November 1943, Franklin Roosevelt, Winston Churchill and Chiang Kai-shek met at the Cairo Conference to discuss what should happen to Japan’s colonies, and agreed that Japan should lose all territories it had conquered by force. After WWII, Korea was given to the US and the Soviet Union. September 1945, Korea was divided at the 38th parallel, a communist…

    • 1066 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    The United States helped South Korea in three different ways. They gave funds to the government in Seoul, they sent over technology, and most importantly opened up their own market to South Korea. The funds given to South Korea by the United States equals out to be about $35 billion, over the course of many years. (Griffin) This money was given to South Korea at a very low interest rate to ensure that it was low risk for South Korea. The United States gave this money to South Korea in order to help stimulate their economy. After the war South Korea was in such debt that they needed a boost to their economy. The United States was smart; they knew that money without means is useless. So the United States shared some technological ideas with South Korea along with giving them guidance on how to grow their economy. This would ensure that the aid given by the United States money did not go to waste. The most crucial thing that the United States did for Korea however was open up their market for free trade.(Griffin) This is what ignited the fire in South Korea. By opening up their market the U.S. started South Korea on the track of an export based…

    • 1266 Words
    • 6 Pages
    Superior Essays