I quite agree, on both parts. 25 million new consumers, catch-up growth, road networks from Seoul to Beijing, navigable waters, less political risk premium, etc.
It’s a gloomy picture though. A coup seems unlikely (given the Kim-religion) and it’ll probably be 2050-70 until Jong-un dies. I’ve got two hopes: the recent provocation is aimed at a domestic audience, and once he’s proved himself he’ll pull a Burma; or the international community doesn’t blink and resume aid, forcing them into some sort of opening. Not very high hopes though.
To expand: a massive burst of cheap labor, a peace dividend in winding down both militaries (on top of the reduction in risk premium) such as closing down military bases taking valuable Seoul-area real estate, and access to all NK’s mineral and natural resources.
I quite agree, on both parts. 25 million new consumers, catch-up growth, road networks from Seoul to Beijing, navigable waters, less political risk premium, etc.
It’s a gloomy picture though. A coup seems unlikely (given the Kim-religion) and it’ll probably be 2050-70 until Jong-un dies. I’ve got two hopes: the recent provocation is aimed at a domestic audience, and once he’s proved himself he’ll pull a Burma; or the international community doesn’t blink and resume aid, forcing them into some sort of opening. Not very high hopes though.
To expand: a massive burst of cheap labor, a peace dividend in winding down both militaries (on top of the reduction in risk premium) such as closing down military bases taking valuable Seoul-area real estate, and access to all NK’s mineral and natural resources.