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Incentives for a Rapprochement on the Korean Peninsula
Friday 05 March 2021, 03:00pm - 04:30pm


What Economic Model would enable North Korea to Develop whilst Ensuring Peaceful Rapprochement on the Korean Peninsula?


Dr. Claude Béglé

Entrepreneur, Founder and President, Symbioswiss; former Member of the Swiss Parliament. He has held leading positions in prestigious organizations and companies, in numerous countries around the globe, and has been dealing with a wide spectrum of sectors.


Mr. Keith Bennett

Deputy Chairman of the 48 Group Club and Deputy Chairman of the Kim Il Sung Kim Jong Il Foundation, United Kingdom


Dr. Irina Korgun

Senior Research Fellow, the Institute of Economics, RAS, Moscow. Specialises in trade and economic development in East Asia, particularly in ROK, Russia


Mr. Tal Reshef

Global markets, economies and cultures specialist, business consultant and lecturer at the service of Israeli hi-tech companies, Israel

Mr. Dennis Radtke

Member of the European Parliament, member of the Delegation, European Union Parliament Relations to the Korean Peninsula, Germany




A unified Korea would create a vast potential for trade and economic development throughout East Asia, impacting the world economy. The process of rapprochement on the Peninsula, itself depends greatly on economic factors. Surrounded by economic giants, entangled with its neighbours in a web of geopolitical and historical conflicts, North Korea is faced with a pressing challenge; to raise and adjust its economy to align with the prospects for reunification of the Korean peninsula, whilst maintaining regime stability. 

Although nuclear and military power remain North Korea’s top priorities, there are signs that economic development is being given new emphasis in the country. Which economic model would suit North Korea’s need for economic development and political stability, contributing to enhance the peace process on the Peninsula? Would it gain by following the model of reforms and market economy that succeeded in China? What will it take to ensure removal of sanctions and an opening up to foreign trade?

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