Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

05/26 17:13   Russia, Greece expect to intensify bilateral cooperation - Kremlin aide (Part 2)
 
05/26 17:10   French ambassador informed Russia about initiative to hold UN Security Council ministerial meeting in New York on June 10
 
05/26 17:07   Russia preparing to supply beef, poultry to South Korea
 
05/26 17:05   Referendum in S. Ossetia on inclusion in Russia is planned for 2017
 
05/26 17:01   Russia and CIS political and economic calendar: May 27 - June 27
 
05/26 17:01   AVERAGE ANNUAL EXPORT PRICE OF RUSSIAN GAS IN 2016 TO BE IN RANGE $161-$171 PER 1,000 CU M - GAZPROM DEPUTY CEO MEDVEDEV
 
05/26 17:00   GAZPROM'S FORECAST OF EXPORTS IN 2016 AMOUNTS TO 165 BCM - GAZPROM DEPUTY CEO MEDVEDEV
 
05/26 17:00   MICEX and RTS Indexes at 17:00 MSK
 
05/26 16:58   Putin orders Medvedev to support creation of ICT import-substitution center
 
05/26 16:56   Re-launch of TurkStream more likely than South Stream - source (Part 2)
 





 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:


Please enter the digits in the box below:

 

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 Koreas 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 leaders 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
 

.
U.S. Department of State Special Envoy and Coordinator for International Energy Affairs Amos Hochstein has given an interview to Interfax‘s special correspndent in the United States Ksenia Baygarova in which he speaks about why the United States has started to export oil and gas, how realistic the intention of oil producing countries to freeze oil production is, and how U.S. energy companies react to sanctions against Russia.

more
.
.
Newly appointed British Ambassador to Russia Laurie Bristow has given an interview to Interfax in which he speaks with about the current situation in British-Russian relations in the political, economic and cultural spheres, about Londons position on the crises in Syria and Ukraine and shares his opinion on the Yury Gagarin flight.

more
.
.
World Jewish Congress President Ronald Lauder has given an interview to Interfax in which he speaks about issues that he discussed at a meeting with Russian President Vladimir Putin, about how the inflow of immigrants has influenced the situation with anti-Semitism in Europe and about attempts to rewrite the WW II history.

more
.
.
Greek Ambassador to Russia Danai-Magdalini Koumanakou has given an interview to Interfax in which she speaks about prospects for cancelling EU sanctions against Russia, Athens‘s position of the South Stream project, the EU-Turkey agreement on refugees and her expectations from the upcoming tourist season and Russia-Greece Cross Year.

more
.
.
Egyptian Foreign Minister Sameh Shoukry has given an interview to Interfax after this talks with Russian Foreign Minister Sergei Lavrov in which he speaks about prospects for resumption of air communication with Russia, the investigation of the A321 tragedy and Russian-Indian cooperation in the military and technological cooperation.

more
.
.
Israeli President has given an interview to Interfax ahead of his visit to Russia in which he speaks about Russia‘s role in the Middle East region, Israel‘s attitude to Iran and the recent terrorist attack in Jaffa.

more
.
.
U.S. Under Secretary of State for Arms Control and International Security State Rose Gottemoeller has given an interview to Interfax in which she speaks about U.S.-Russian issues over the INF Treaty and states that the United States is not going to return to the IV stage of its missile shield in Europe and not going to return nuclear arms to the Korean peninsula.

more

 
  
 ©   1991—2016   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