Peace is More Profitable: Private Sector Inclusion in the Korean Peninsula Peace Process

Riccardo Villa

Negotiations for the stability of the Korean Peninsula and North Korea’s nuclear disarmament are currently at an impasse, but a door for diplomacy is still open. The involvement of the private sector, mainly Chaebol, that could exploit the pro-engagement attitude of the Moon Administation could help bringing the economic benefits for peace into perspective and unlock the current negotiations. Under the banner of kinship and economic benefits South Korean firms could act in various ways to propose new ventures and coordinate with both Governments. Dialogue between North and South Korea brokered by and between business people would bring a certain amount of pragmatism and a balancing of needs and interests of all parties, which could lead to momentum for better and more significant cooperation on the Peninsula.

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