Global Security Studies Practicum

25 November 2011 According to South’s Yonhap News Agency, North’s military threatened a “ sea of fire ” upon the South’s presidential office just one day shy marking the anniversary of North Korea’s deadly shelling. Wednesday November 24, 2010 marked the day North Korea launched an attack on the civilians of Yeonpyeong , killing two marines and two civilians. North Korea’s military is ready for a decisive battle amongst South Korea to counter any military provocation. According to Yonhap ,an official from the command stated , “If South Korea dares to impair the dignity of the North again and fire one bullet or shell toward its inviolable territorial waters, sky and land, the deluge of fire on Yonphyong island will lead to that in Chongwadae to the deluge of fire sweeping away the stronghold of the group of traitors.” Yonhap reported South Korea’s defense ministry had no immediate comment. Source: http://www.cnn.com/2011/11/24/world/asia/north-korea-sea-of-fire/index.html?hp...

The South Korean government established a plan to raise 50 trillion Won (45 Billion Dollars) as payment to reunify with North Korea . According to Ministers Yu Woo Ik , citizens at home and abroad can donate to the government to fund this unification. Other foreign governments have the opportunity to contribute, but the South Korean government will not ask. Another method used by the government is to incorporate a unification tax to its citizens in case the contributions prove to run slowly. Lawmakers are close to passing this legislation to establish the unification account that according to Minister Yu will unite people to the desire of unification. Estimations of unification are to take place in the next 20 years as a peaceful transition. Estimation is that cost may reach as high as 269 trillion Won which in comparison a quarter of South Korea’s 2010 GDP . Also in the next few years, South Korea will depend on its bilateral trade with China, which accounts for 83 percent of the Sou...