Economics
North Korea Would Benefit Most, by Far, From Peace on Peninsula
- Large and immediate benefits expected for North Korea
- South Korean companies to face competition in North from China
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Peace on the Korean peninsula would offer far bigger economic benefits to impoverished, isolated North Korea than to the already developed South.
Expectations are rising for an end to decades of hostilities ahead of Friday’s summit meeting between South Korean President Moon Jae-in and his counterpart, Kim Jong Un. A deal would open the door for Moon’s plan to develop "three economic belts" connecting the two Koreas, and for business and investment opportunities for South Korean companies.