May 12, 2021

Two Koreas, one market: South Korean minister wants to merge economy with North

Unification minister Lee In-young pointed to EU as an example of different political systems with an integrated economy

North and South Korea should unify their economies while maintaining separate political systems, South Korean unification minister Lee In-young said on Thursday.

“Our approach now should aim more at the ‘one people, two countries, two systems, and one market’ model,” Lee told South Korea’s Seoul Shinmun newspaper, pointing to the European Union as an example of a similar system.