<a href=/RCL/BAN/009/?lnk=yes target=_blank><img src=/RCL/BAN/009/141014_1.gif width=1050 height=60 border=0></a>
Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

11/23 15:52   Abkhaz president to visit Russia on Putin's invitation
 
11/23 15:48   Putin: Sanctions against Russian businessmen a crude violation of human rights
 
11/23 15:09   Chinese foreign minister to join P5+1 talks with Iran - source
 
11/23 14:51   Putin doesn't know whether he will run in 2018
 
11/23 14:32   Lavrov to fly to Vienna for P5+1 talks with Iran on Sunday - source (Part 2)
 
11/23 14:29   Putin: State not interfering with federal media' editorial policy
 
11/23 14:07   Russia will support UNSC draft resolution on Palestinian state formation - Bogdanov
 
11/23 13:54   Moscow wants Middle East quartet to intensify work amid failure of Kerry mission - Bogdanov
 
11/23 13:41   RUSSIA WILL SUPPORT RESOLUTION ON THE FORMATION OF PALESTINIAN STATE IN THE UN SECURITY COUNCIL, BUT DOES NOT RULE OUT U.S. VETO - SPECIAL PRESIDENTIAL ENVOY BOGDANOV TOLD INTERFAX
 
11/23 13:16   Lavrov to fly to Vienna for P5+1 talks with Iran on Sunday - source
 





 Subscription
You can access a demo version of, recieve more information about or subscribe to Interfax publications by filling in and sending the form below.

First name:


Last name:


Company:


Division:


E-mail:


Phone:


Country:


City:


 

Interfax.com  |  Interviews  |  Chung Ui-Hwa: Koreas’ unification may take more than 10 years with cost of over...



Interviews


September 14, 2010

Chung Ui-Hwa: Koreas’ unification may take more than 10 years with cost of over $2 Trln


Vice Speaker of South Korea’s National Assembly Chung Ui-Hwa has given an interview with Interfax in which he speaks on Pyongyang-Seoul relations, as well as ways to boost South-Korean-Russian economic cooperation.

Chung does not think that the unification between the two Koreas is likely in coming years. "I personally believe that it will take more than 10 years at a minimum until this happens," he said.

"The phase before unification, for example, free passing between the North and the South, interchanging telephone and letters freely and having mutual trade and investment, would take within 10 years," Chung said.

The project to extend the Trans-Siberian Railway to South Korea would have a positive impact on the unification of the two Koreas, Chung said.

"I believe this project will play a very important role in bringing economic integration with North Korea," he said.

Speaking about the possible cost of unification, Chung found it difficult to forecast it. He noted that the cost of unification will largely depend on when this will happen. "In the case of Germany, the total cost of unification up to this point is known to be 4% of its GDP," he said.

"It fluctuates with different scholars. However, it is estimated that the cost of unifying the two Koreas will be 1%-2% of the GDP of South Korea, that is, $400 billion - $800 billion. Some scholars even estimate that it may cost more than $2 trillion," the vice speaker said.

Chung also expressed hope that a successor of Kim Jong-il will make North Korea a more open country.

"Even if North Korean leader Kim Jong-il passes his power to his son, it is more important that this action will lead to political stability and further to reformation and openness where North Korea introduces a market economy such as the one in China," Chung Ui-Hwa said.

The point is not who exactly will succeed Kim Jong-il, he said.

"The key issue is whoever the following leader becomes, if it brings political stability and also economic reformation and openness, ultimately bringing development to North Korea it would be what I personally hope for," the parliamentarian said.

South Korean media outlets earlier reported about the deteriorating health of North Korean leader Kim Jong-il. Allegedly it was the reason why the Korean Labor Party had to postpone its largest congress over the past 30 years. The congress is expected to consider the current leader‘s successor, who reportedly could be his son Kim Jong-un.

As to South Korean-Russian economic relations, Chung said that the current economic cooperation between Korea and Russia is below expectations. In his opinion one of the ways to boost it is that “if the people living in Siberia to the end of the Kamchatka peninsula including Lake Baikal would be able to have a no-visa entry for one month, two months, or three months, hopefully three months, it would greatly increase the number of people and also the amount of economic exchange with Korea.”

"I would like to make such a proposal to the Russian government," he noted.

"If there be a mutual effort by the two countries, I believe that they could increase the amount of trade and commerce, increase mutual investment," he said.

In particular, South Korea could invest in the regions of Vladivostok and Nakhodka, Chung said.

"Investments may be made in the areas of agriculture, new energy and tourism," the parliamentarian said.



Interviews
 

.
Australian Ambassador to Russia Paul Myler has given an interview to Interfax ahead of the G20 summit in Brisbane in which he speaks about the MH17 crash, the reasons for joining the West‘s sanctions against Russia and explained why Australia expects changes in Russia‘s food policy by March 2015.

more
.
.
The name Arkady Rotenberg has been in the news far more frequently than usual in recent months. The billionaire was hit by the first wave of European Union sanctions against Russia, and has already challenged this decision in court. Recently it was reported that the businessman has sold part of his assets to his eldest son. Arkady Rotenberg spoke in an interview with Interfax about whether there was a link between these two developments, the impact of sanctions on his business, his friendship with President Vladimir Putin and many other topics.

more
.
.
Pakistani Ambassador to Russian Zaheer Aslam Janjua has given an interview to Interfax in which he speaks about prospects for supplying more Pakistani food products to Russia, the quality of such products and invites Russian companies to implement infrastructural projects in Pakistan.

more
.
.
John Padilla, managing director of consultants IPD Latin America, talks to Interfax about Colombia’s investment climate.

more
.
.
Palestinian leader Mahmoud Abbas signals readiness for compromise and praises Russia’s role in settling conflict in Middle East in an exclusive interview with Interfax

more
.
.
Greek Ambassador to Russia Danai-Magdalini Koumanakou has given an interview with Interfax in which she speaks about Russian-Greek interaction following the aggravation of relations between the European Union and Russia, her perception of EU sanctions against Russia and the upcoming high tourist season.

more
.
.
Peter Poptchev is a Bulgarian diplomat and recently served as adviser to the country’s minister of economy and energy. He was part of the Bulgarian negotiating team for both the South Stream and Nabucco intergovernmental agreements (IGAs). In this interview, he tells Interfax that Gazprom’s South Stream project will benefit from the EU’s Third Energy Package (TEP).

more

 
  
 ©   1991—2014   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100