North-South Commercial Ties At Risk

Tensions continue to escalate between North and South Korea as an investigation of the sinking of the South Korean Cheonan comes to a close. Though all-out warfare seems unlikely, the South is doing what it can to state its disapproval for what some believe was a torpedo attack from North Korea. WSJ’s Andy Jordan reports from the DMZ that separates the two countries.

Global Insider: South Korea and the Cheonan

Preliminary investigations suggest that a North Korean torpedo caused the sinking of South Korea’s naval ship, the Cheonan, late last month, killing 46 sailors. In an e-mail interview, Scott Snyder, director of the Center for U.S.-Korea Policy at the Asia Foundation and an adjunct fellow for Korean Studies at the Council on Foreign Relations, assesses the potential significance. WPR: What are the possible responses we can expect from South Korea? Snyder: In its response to the sinking of the Cheonan thus far, the Lee administration has consistently attempted to internationalize its response by including American, Australian, and Swedish technical experts […]

The last few months have witnessed a resurgence in expert chatter on the possible demise of Kim Jong Il’s rule in North Korea. Growing evidence of regime frailty has focused attention on potential scenarios of endgame dynamics, most of which feature some combination of Kim striking out against the West, and China being forced to step in to prevent the dreaded refugee flow north. But while the nuclear issue remains a driver of Western policy toward North Korea, China’s current focus seems less ideological than predatory. Like a mafia don “busting out” a victimized business partner, Beijing now seems mainly […]