A Peace That's All DividendLaxmi Nakarmi
At a Seoul subway station on Aug. 24, 200 Chinese-Koreans who hawk herbal medicines there happily watched TV coverage of the signing of formal relations between South Korea and China in Beijing. The event was the Far Eastern equivalent of the opening of the Berlin Wall: It signaled the end of the cold war in Asia. President Roh Tae Woo's government expects that a friendly China will withhold military support from North Korea, leaving its hardline Communist regime little alternative but to improve ties with the South.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
- U.S. Stocks Climb With Treasuries as Dollar Slides: Markets Wrap
- Greenwich Mansion Listings Pulled to Wait for a Better Day
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
- Smartphones Are Killing Americans, But Nobody’s Counting