Potential cost of two Koreas' unification estimated around $2 tril. over ten years: SLJ Asset Mgt.
- 6 years ago
A recent report estimated that the potential cost of Korean unification could be around two-trillion dollars over ten years.
The report by Britain-based SLJ Asset Management attempted to calculate the reunification cost of the two Koreas,... based on the cost of Germany's unification.
The report says financial transfers from West Germany to East Germany in 1989 work out at around two trillion U.S. dollars in today's money,... over 60 percent of West Germany's current GDP.
The paper noted that the economic gap between the two Koreas is much larger than the two Germanys before unification.
It also suggested the U.S., China, Japan and South Korea split the costs evenly,... at about five-hundred-billion dollars over a decade per country.
The report by Britain-based SLJ Asset Management attempted to calculate the reunification cost of the two Koreas,... based on the cost of Germany's unification.
The report says financial transfers from West Germany to East Germany in 1989 work out at around two trillion U.S. dollars in today's money,... over 60 percent of West Germany's current GDP.
The paper noted that the economic gap between the two Koreas is much larger than the two Germanys before unification.
It also suggested the U.S., China, Japan and South Korea split the costs evenly,... at about five-hundred-billion dollars over a decade per country.