Geopolitics A Long-Term Economic Booster

June 2004 | Market Strategy

South Korea's economy, already expected to register real GDP growth of 5.9% this year, may well be poised to receive a long-term boost from its changing geopolitical setting. Key to this is an improvement in relations with the North. Despite the fact that the dispute over Pyongyang's nuclear weapons programme is far from over - and any real progress is unlikely before US elections in November - inter-Korean relations are warming. Generals from North and South recently discussed reducing military tensions, and the South's National Assembly now has a centre-left majority, which is seen as less hostile towards

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