An Upside for Korean Global Business ? Another Side of the North South Tensions
Over the past week, I've been sharing my thoughts on the recent heightened tensions between North and South Korea over the sinking of the Cheonan naval vessel. After a lengthy investigation following the March incident, a multinational forensics team concluded unanimously it was a North Korean torpedo that sank the South Korean ship. Why did North Korea launch such an attack knowing it would anger even those sympathetic to their plight? In correspondence, Marcus Noland, noted NK scholar, shared his thoughts on North Korean motivations. They include: 1) Revenge (for an earlier encounter where the North took a bruising from the South's better equipped navy). 2) Brinkmanship 3) Wave the bloody shirt—divert attention inside the North from disastrous confiscatory currency reform. 4) Influence South Korean National Assembly elections--the current president Lee Myung- bak administration's takes a hard line approach to the North and opposition leaders have long supportin...