SEOUL — South Korea's President Park Geun-hye, has announced a committee to prepare for reunification with North Korea. President Park said unifying with the north would be an economic bonanza, but analysts say the south would face a heavy financial and legal burden.[...]
President Park in a New Year's speech described merging South Korea's advanced technology with North Korea's resources and cheap labor as an economic jackpot.[...]
South Korea's Finance Ministry last year estimated reunification could cost up to seven percent of the annual Gross Domestic Product (GDP) for a decade. [...]