Global Expectations for Korean Unification

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Publisher : 길잡이미디어
ISBN 13 : 8984797863
Total Pages : 428 pages
Book Rating : 4.9/5 (847 download)

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Book Synopsis Global Expectations for Korean Unification by : Kyuryoon Kim et al.

Download or read book Global Expectations for Korean Unification written by Kyuryoon Kim et al. and published by 길잡이미디어. This book was released on 2014-12-31 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current research aims to provide analytical understandings on the costs and benefits of Korean unification from political, social, and economic aspects. Upon the two years of earlier works, we constructed an analytical model encompassing both spatial and temporal dimensions of the unification process, and built comprehensive architecture, ‘the Guiding Type of Unification.’ Based on this model, we have broaden the scope of the research by collecting diverse perspectives from the worldwide experts of the leading countries. We expect to observe the global trends of world governance. Indeed, the increasing importance of Group of Twenty (G‐20) countries in managing global problems reflects both political and social aspects of the changes occurring in global governance. Another reason for this would be South Korea’s diversified international relations in the recent years. Hence, it seems necessary to take a closer look on the international dimensions of Korean unification. In this vein, we requested thirteen experts of the leading countries to express their opinions on Korean unification. In order to collect international perspectives in a coordinated manner, scholars were provided with a guideline to include their perspectives on the expected effects of Korean Unification and the potential roles of their countries during and after the process. Participants were also asked to present candid implications for Korean unification. Argentina, whose food supply is abundant, laid stress on providing assistance in terms of food security during the unification. Australia, who has special concerns in Asian security, suggested a comprehensive support not only as a mediator but also as one of the U.S. alliance. Due to remote distance to Asia, Brazil is relatively less affected by the unification. Brazil, however, expressed that it has a keen interest in transmission of its experience regarding nuclear issues with Argentina. Similar to Brazil’s stance, the effects of the unification influence is indirect to Canada. Nevertheless, Canada could play a role in providing humanitarian assistance, and could be a potential destination for North Korean refugee resettlement. France, one of the most influential members in the European Union and the United Nations, made a suggestion to promote institution building in East Asia that can promote stability in the region. Germany, the only country who had experienced unification, presented its interest in participating actively in the process of Korean unification through public and private sectors. India assumed that the unification of Korea leads to the denuclearization of the peninsula, and would see this as a positive sign for stability of the region, since it would limit or end North Korea’s nuclear weapon transmits with Pakistan. Indonesia could contribute to regional peace and stability through ASEAN and its extensions as South Korea can call upon Indonesia to engage in the peace process. Italy, who especially pointed out the role of European Union as a whole, is well-poised to contribute to economic and social development with North Korea through technical assistance. Mexico can, and expressed its willingness to play an active role in the unification process through international organizations. South Africa, who had been successful in national reconciliation and denuclearization, is very likely to provide its experience and can be a strong voice for the NPT and arms control in the international society. Advocating South Korea’s policy in Korean unification, Turkey explicitly mentioned that it will side with Seoul if there is a possible conflict in the peninsula. The author emphasized that the international community must be well-informed on how Korean unification will take place. Last but not least, the United Kingdom author suggested that Koreans will have to resolve emotional conflicts for reconciliation. Considering how both Koreas have dealt educational matters concerning the division of the peninsula, this may face a major challenge in the future generation. Thirteen countries’ diversely manifested positions on the unifying process are indicative of perceptual change that the issue of Korean unification is no longer a regional issue, but an international one, in which multiple actors have their own stakes within. Upon the previously suggested implications, we categorized the countries into three groups: bystanders, supporters, and interveners. This categorization reflects the assertiveness of each country, or coercive level of each country’s assistance instrumented towards the two Koreas during the unifying process. In the conclusion, based on our final analysis, we provided recommendations for the policy makers. First, diversified diplomacy creates an amicable international environment for unification policies beyond the power politics of the Four Powers. Second, activation of leading countries’ roles is strategically advantageous to activate the meaningful roles of these leading countries to minimize the Four Powers’ concerns. Third, emphasizing the formation of multilateral system would provide leading countries with an additional motivation to actively participate in the unification process. Furthermore, multilateral efforts to achieve Korean unification are also expected to contribute to the furtherance of democratic elements in the dynamics of international relations as a whole. Fourth, it is now high time for us to conduct more public diplomacy by devising new and creative methodologies. The global research project of this kind could be one of the most effective public diplomatic tools. Lastly, the unification between two Koreas can no longer be considered as a regional issue within Northeast Asia since others, including the leading countries, conceive their national interests along the process of unification on the Korean peninsula in diverse ways. Overall, thirteen countries’ recommendations underline the significance of collective efforts in addressing the unification process and suggest South Korea to learn lessons from the experience that they have undergone in the past. Keywords: Argentina, Australia, Brazil, Canada, France, Germany, India, Indonesia, Italy, Mexico, South Africa, Turkey, United Kingdom, Expectation, Role, Effect ------------- CONTENTS ------------- Acknowledgments Abstract Ⅰ. INTRODUCTION Ⅱ. EFFECTS AND ROLES 1. Argentina 2. Australia 3. Brazil 4. Canada 5. France 6. Germany 7. India 8. Indonesia 9. Italy 10. Mexico 11. South Africa 12. Turkey 13. United Kingdom Ⅲ. ANALYSIS AND EVALUATION 1. Expected Effect 2. Potential Roles 3. Classification of Leading Countries Ⅳ. CONCLUSION References Recent Publications

Law and Policy on Korean Unification

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Publisher : 길잡이미디어
ISBN 13 : 8984797987
Total Pages : 268 pages
Book Rating : 4.9/5 (847 download)

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Book Synopsis Law and Policy on Korean Unification by : Jong-Chul Park and Jeong-Ho Roh

Download or read book Law and Policy on Korean Unification written by Jong-Chul Park and Jeong-Ho Roh and published by 길잡이미디어. This book was released on 2014-12-31 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this project is to research the necessity of international cooperation on Korean unification in legal terms as South Korea’s Unification Policy and how issues of the Korean Peninsula have been dealt with in the international framework. Since this is the second year of a five-year project, the conceptual aspect requires clarification in the overall aspect and this requires a multidisciplinary approach. But the main focus remains the legal aspect, international law, in particular. This study assumes that unification will be a gradual process, generally in three stages: (1) inter-Korean cooperation, (2) negotiation for inter-Korean unification (be it North Korea’s collapse, or actual inter-Korean negotiation for unification, this stage includes any inter-Korean negotiation for unification and international negotiation formula, such as Six Party Talks, etc.), and (3) post-unification integration. The study begins with the understanding that South Korea needs to be prepared for legal matters potentially arising in these processes. The project this year, in particular, deals with the legal issues that should be dealt with in the first and second stages. The scope of the papers in this project covers four main areas. The first is time span. The research for this project covers the 19th century to the present and draws future-oriented implications, but the main focus is on current issues. The second is in regard to approaches. The study deals with three main approaches: historical, political, and legal, but for purposes of this project, the main focus is on the legal aspect. The third concerns the issues addressed. These are the nuclear issue, the military issue, inter-Korean cooperation issues, and the human rights issue. Finally, the scope of actors considered includes South and North Korea, neighboring countries (the U.S., China, Japan, and Russia), and international organizations (e.g., UN, WFP, WHO, etc.). The papers included here are organized into three main sections. The first concerns the meaning of Korean unification and the context of international cooperation. Park Jong-Chul provides a general overview of the Park Geun-Hye administration’s North Korea and unification policy, referred to as “Trustpolitik,” and the trust-building process on the Korean Peninsula, as well as the need for international cooperation. Sue Mi Terry examines the U.S. and China’s perspective on the issues laid out above. She explores areas where U.S.-China interests converge and diverge and whether strategic cooperation and coordination between the two nations are possible in the case of Korean unification. The second section presents historical and legal perspectives related to the situation on the Korean peninsula. Charles K. Armstrong’s work on the historical perspective is divided into three sections chronologically: (1) the struggle of 19th Century Korea to become a modern sovereign state and its failure with the advent of colonial rule, (2) war leading to the division of the Korean Peninsula, and (3) the inter-Korean situation based on de facto recognition (as opposed to de jure) as a political entity arising out of the 1972 Joint Communiqué and the “special relationship” from then on. Next, Roh Jeong-Ho provides a legal approach to the question of inter-Korean relations and the debate on unification by dividing the period from 1876 to the present day into five distinct periods and examining the limitations to the legal order and the evolution of world order as they pertain to Korea. Finally, Leon V. Sigal discusses how international law and institutions might improve South Korean security and facilitate inter-Korean reconciliation with special attention to confidence-building in the West Sea. The third section examines in greater detail the legal aspects of Inter-Korean Cooperation and human rights. Regarding human rights, it is important to consider the link between inter-Korean cooperation and human rights. The improvement of human rights and people’s livelihood in North Korea, which is part of the ultimate goal of unification, can be achieved by inter-Korean cooperation. Inter-Korean cooperation leads to inducing change in North Korea, which then logically leads to the improvement of human rights in North Korea. Lee Hyo-Won focuses on the legal matters regarding the establishment of a DMZ World Peace Park. Soung Jea-Hyen looks at the legal matters regarding the internationalization of the Gaeseong Industrial Complex. Cho Jung-Hyun provides an analysis of the contents and legal implications of the recent outcome of the UN Commission of Inquiry (COI) on Human Rights in the DPRK, such as the meaning of stating “crimes against humanity,” the notion of Responsibility to Protect (R2P) in respect to North Korea, and transitional justice in the possible post-unification stage. Finally, David Hawk tracks North Korean human rights developments in the post-COI period. Preface/ Jong-Chul Park and Jeong-Ho Roh I. The Meaning of Korean Unification in the Context of International Cooperation South Korea’s TrustPolitik and International Cooperation.....1 South Korea’s TrustPolitik and International Cooperation/ Jong-Chul Park.....3 U.S.-China Rivalry and the Unification of the Korean Peninsula/ Sue Mi Terry.....31 II. The Situation on the Korean Peninsula: Historical and Legal Perspectives .....59 An Unfinished Project: Challenges and Struggles of Korea to Become a Modern Sovereign Nation-State/ Charles K. Armstrong.....61 The Limits of Legal Order in an Evolving World Order on the Korean Peninsula/ Jeong-Ho Roh.....89 Legal Approaches to Korean Security in the Early Stages of Unification: The Armistice Agreement and the NLL/ Leon V. Sigal.....119 III. Legal Aspects of Inter-Korean Cooperation and Human Rights.....145 Legal Perspective and International Cooperation on World Peace Park in DMZ between South and North Korea / Hyo-Won Lee.....147 Plan for the Internationalization of the Kaesong Industrial Region and the Resolution of Its Commercial Disputes/ Jea-Hyen Soung.....169 The Report of the UN Commission of Inquiry (COI) on North Korean Human Rights: Some International Legal Analyses/ Jung-Hyun Cho.....195 North Korea’s Response to the UN Commission of Inquiry (COI) Report on the Situation of Human Rights in the Democratic People’s Republic of Korea/ David Hawk.....213 Contributors.....251

Global Trends 2040

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Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

U.S. Policy Toward the Korean Peninsula

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Publisher : Council on Foreign Relations
ISBN 13 : 0876094892
Total Pages : 105 pages
Book Rating : 4.8/5 (76 download)

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Book Synopsis U.S. Policy Toward the Korean Peninsula by : Charles L. Pritchard

Download or read book U.S. Policy Toward the Korean Peninsula written by Charles L. Pritchard and published by Council on Foreign Relations. This book was released on 2010 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Task Force report comprehensively reviews the situation on the peninsula as well as the options for U.S. policy. It provides a valuable ranking of U.S. interests, and calls for a firm commitment from the Obama administration to seek denuclearization of the Korean peninsula, backed by a combination of sanctions, incentives, and sustained political pressure, in addition to increased efforts to contain proliferation. It notes that China's participation in this effort is vital. Indeed, the report makes clear that any hope of North Korea's dismantling its nuclear program rests on China's willingness to take a strong stance. For denuclearization to proceed, China must acknowledge that the long-term hazard of a nuclear Korea is more perilous to it and the region than the short-term risk of instability. The report also recognizes that robust relations between Washington and its allies in the region, Japan and South Korea, must underpin any efforts to deal with the North Korean problem. It looks as well at regime change and scenarios that could lead to reunification of the peninsula. At the same time that the Task Force emphasizes the danger and urgency of North Korea's behavior, it recognizes and applauds the beneficial U.S. relationship with South Korea, which has proved to be a valuable economic and strategic partner. In this vein, the Task Force advocates continued close coordination with Seoul and urges prompt congressional passage of the U.S.-South Korea free trade agreement.

The Impossible State

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Publisher : HarperCollins
ISBN 13 : 0062906445
Total Pages : 479 pages
Book Rating : 4.0/5 (629 download)

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Book Synopsis The Impossible State by : Victor Cha

Download or read book The Impossible State written by Victor Cha and published by HarperCollins. This book was released on 2018-10-23 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Impossible State, seasoned international-policy expert and lauded scholar Victor Cha pulls back the curtain on provocative, isolationist North Korea, providing our best look yet at its history and the rise of the Kim family dynasty and the obsessive personality cult that empowers them. Cha illuminates the repressive regime’s complex economy and culture, its appalling record of human rights abuses, and its belligerent relationship with the United States, and analyzes the regime’s major security issues—from the seemingly endless war with its southern neighbor to its frightening nuclear ambitions—all in light of the destabilizing effects of Kim Jong-il’s death and the transition of power to his unpredictable heir. Ultimately, this engagingly written, authoritative, and highly accessible history warns of a regime that might be closer to its end than many might think—a political collapse for which America and its allies may be woefully unprepared.

The Real North Korea

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Publisher : Oxford University Press
ISBN 13 : 0199390037
Total Pages : 350 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis The Real North Korea by : Andrei Lankov

Download or read book The Real North Korea written by Andrei Lankov and published by Oxford University Press. This book was released on 2015 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Real North Korea, Lankov substitutes cold, clear analysis for the overheated rhetoric surrounding this opaque police state. Based on vast expertise, this book reveals how average North Koreans live, how their leaders rule, and how both survive

The Korean Diaspora in the World Economy

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Publisher : Peterson Institute
ISBN 13 : 9780881323580
Total Pages : 188 pages
Book Rating : 4.3/5 (235 download)

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Book Synopsis The Korean Diaspora in the World Economy by : C. Fred Bergsten

Download or read book The Korean Diaspora in the World Economy written by C. Fred Bergsten and published by Peterson Institute. This book was released on 2003 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In this book - based on a major conference sponsored by the Overseas Koreans Foundation (OKF) in Seoul in October 2002 - experts hold up South Korea as one of the most dramatic examples of participation in the global economy, having gone from being a poor, underdeveloped country fewer than 40 years ago to becoming a postwar economic success story. This report also looks at South Korea's role as a regional trading partner and its present and future relations with north Korea" -- BACK COVER.

Confronting Security Challenges on the Korean Peninsula

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781984056450
Total Pages : 232 pages
Book Rating : 4.0/5 (564 download)

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Book Synopsis Confronting Security Challenges on the Korean Peninsula by : Marine Corps Press

Download or read book Confronting Security Challenges on the Korean Peninsula written by Marine Corps Press and published by Createspace Independent Publishing Platform. This book was released on 2018-01-21 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Korean Peninsula was and is in a state of flux.More than 60 years after the war that left the country divided, the policies and unpredictability of the North Korean regime, in conjunction with the U.S. alliance with South Korea and the involvement of China in the area, leave the situation there one of the most capricious on the globe. Confronting Security Challenges on the Korean Peninsula presents the opinions from experts on the subject matter from the policy, military, and academic communities. Drawn from talks at a conference in September 2010 at Marine Corps University, the papers explore the enduring security challenges, the state of existing political and military relationships, the economic implications of unification, and the human rights concerns within North and South Korea. They also reiterate the importance for the broader East Asia region of peaceful resolution of the Korean issues.

Sunshine in Korea

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Publisher : Rand Corporation
ISBN 13 : 0833033999
Total Pages : 163 pages
Book Rating : 4.8/5 (33 download)

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Book Synopsis Sunshine in Korea by : Norman D. Levin

Download or read book Sunshine in Korea written by Norman D. Levin and published by Rand Corporation. This book was released on 2003-02-26 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debate in South Korea over the government's engagement policy toward North Korea (the "sunshine" policy) did not start with Pyongyang's recent admission that it has been secretly pursuing a nuclear weapons program in violation of multiple international commitments. However, the evolution of the debate will be an important determinant of how the South Korean and broader international response to this latest North Korean challenge ultimately ends. This book provides a framework for viewing South Korean responses to this challenge, examining the South Korean debate over policies toward the North, analyzing the sources of controversy, and assessing their implications.

The Great East Asian War and the Birth of the Korean Nation

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Publisher : Columbia University Press
ISBN 13 : 0231540981
Total Pages : 260 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis The Great East Asian War and the Birth of the Korean Nation by : JaHyun Kim Haboush

Download or read book The Great East Asian War and the Birth of the Korean Nation written by JaHyun Kim Haboush and published by Columbia University Press. This book was released on 2016-03-08 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Imjin War (1592–1598) was a grueling conflict that wreaked havoc on the towns and villages of the Korean Peninsula. The involvement of Chinese, Japanese, and Korean forces, not to mention the regional scope of the war, was the largest the world had seen, and the memory dominated East Asian memory until World War II. Despite massive regional realignments, Korea's Chosôn Dynasty endured, but within its polity a new, national discourse began to emerge. Meant to inspire civilians to rise up against the Japanese army, this potent rhetoric conjured a unified Korea and intensified after the Manchu invasions of 1627 and 1636. By documenting this phenomenon, JaHyun Kim Haboush offers a compelling counternarrative to Western historiography, which ties Korea's idea of nation to the imported ideologies of modern colonialism. She instead elevates the formative role of the conflicts that defined the second half of the Chosôn Dynasty, which had transfigured the geopolitics of East Asia and introduced a national narrative key to Korea's survival. Re-creating the cultural and political passions that bound Chosôn society together during this period, Haboush reclaims the root story of solidarity that helped Korea thrive well into the modern era.

The New Koreans

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Publisher : Thomas Dunne Books
ISBN 13 : 1250065054
Total Pages : 481 pages
Book Rating : 4.2/5 (5 download)

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Book Synopsis The New Koreans by : Michael Breen

Download or read book The New Koreans written by Michael Breen and published by Thomas Dunne Books. This book was released on 2017-04-04 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Just a few decades ago, the Koreans were an impoverished, agricultural people. In one generation they moved from the fields to Silicon Valley. The nature and values of the Korean people provide the background for a more detailed examination of the complex history of the country, in particular its division and its emergence as an economic superpower. Who are these people? And where does their future lie?"--

Historical Dictionary of the Republic of Korea

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Publisher : Rowman & Littlefield
ISBN 13 : 1538119765
Total Pages : 873 pages
Book Rating : 4.5/5 (381 download)

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Book Synopsis Historical Dictionary of the Republic of Korea by : James E. Hoare

Download or read book Historical Dictionary of the Republic of Korea written by James E. Hoare and published by Rowman & Littlefield. This book was released on 2020-10-13 with total page 873 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea (Republic of Korea) is the more successful of the two Koreas in both economic and political terms. Even the Asian economic crisis of 1997–1998, which hit badly, was weathered successfully, and when the next crisis came along in 2007, South Korea coped better than many other countries. This economic strength, taken with the steady progress of democratization since 1987, indicates that when the peninsula is eventually reunified, as one day it probably will be, a new unified Korea will follow the South Korea model rather than that of North Korea. This fourth edition of Historical Dictionary of the Republic of Korea contains a chronology, an introduction, appendixes, and an extensive bibliography. The dictionary section has over 700 cross-referenced entries on important personalities as well as aspects of the country’s politics, economy, foreign relations, religion, and culture. This book is an excellent resource for students, researchers, and anyone wanting to know more about the Republic of Korea.

Alternative Paths to Korean Unification

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Publisher :
ISBN 13 : 9781977401830
Total Pages : 118 pages
Book Rating : 4.4/5 (18 download)

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Book Synopsis Alternative Paths to Korean Unification by : Bruce W. Bennett

Download or read book Alternative Paths to Korean Unification written by Bruce W. Bennett and published by . This book was released on 2019-01-15 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this report, the author describes challenges to any potential unification of Korea and outlines alternative paths to unification. He also recommends actions that South Korea and the United States could take to achieve a more favorable outcome.

The Future of the Korean Peninsula

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Publisher : Routledge
ISBN 13 : 1000414116
Total Pages : 255 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Future of the Korean Peninsula by : Mason Richey

Download or read book The Future of the Korean Peninsula written by Mason Richey and published by Routledge. This book was released on 2021-07-28 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers both Koreas - North Korea and South Korea - to examine possible pathways for the years leading up to 2032 and beyond, thus offering a composite picture of Korea and its strategic relevance in Asia and the world at large. Through a combined South-North Olympic team and an effort of jointly hosting the Games, Republic of Korea president Moon Jae-in has marked the year 2032 as special in the future of the Korean Peninsula. Although the International Olympic Committee (IOC) has expressed scepticism about a combined hosting of the Games, the expectation in Korea is that this event will underline the shared destiny of the people inhabiting the peninsula and realign two states still caught in an ideologically fraught civil conflict that is one of the last vestiges of the Cold War. Chapters begin with a brief historical review and analysis of the present, before moving to consider how these will shape the next decade, drawing comparative and complementary analyses. No matter how contrasting the contemporary trajectories of both North and South Korea might appear, ‘Korea’ as a singular entity is an old concept still containing great possibilities. As the ongoing inter-Korean reconciliation process underscores, the futures of North and South Korea can be found in a complementary singular Korea, which would again represent an important political, strategic, cultural, and social space in Asia. An evaluation of the future trajectory, social awareness and perception of the Koreas, this book offers a valuable contribution to the study of North and South Korea and Asian Politics.

China and North Korea

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Publisher : DIANE Publishing
ISBN 13 : 1428910255
Total Pages : 51 pages
Book Rating : 4.4/5 (289 download)

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Book Synopsis China and North Korea by : Andrew Scobell

Download or read book China and North Korea written by Andrew Scobell and published by DIANE Publishing. This book was released on 2004 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Korea

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Publisher : Council on Foreign Relations Press
ISBN 13 : 9780876095423
Total Pages : 102 pages
Book Rating : 4.0/5 (954 download)

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Book Synopsis Global Korea by : Scott A. Snyder

Download or read book Global Korea written by Scott A. Snyder and published by Council on Foreign Relations Press. This book was released on 2012-10-01 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume outlines South Korea's progress and accomplishments toward enhancing its role and reputation as a contributor to international security.

Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1557759677
Total Pages : 36 pages
Book Rating : 4.5/5 (577 download)

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Book Synopsis Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics by : Seungho Jung

Download or read book Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics written by Seungho Jung and published by International Monetary Fund. This book was released on 2021-10-22 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed using automated keyword searches in South Korean media. The GPRNK index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the occurrence of nuclear tests, missile launches, or military confrontations, and decreases significantly around the times of summit meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and that the reductions in stock returns are greater especially for large firms, firms with a higher share of domestic investors, and for firms with a higher ratio of fixed assets to total assets. These results suggest that international portfolio diversification and investment irreversibility are important channels through which geopolitical risk affects stock returns.