Park Geun-hye will next month be sworn in as South Korea’s new President and will inherit one of the best performing economies in Asia and a country that is now culturally punching above its weight. While she inherits some very positive aspects of her country’s affairs from her predecessor, she also take on his debts. And after five years of Lee Myung-bak, the biggest debt for Park’s administration will be North Korea.

Since 1997, South Korea has straddled between a more favorable attitude toward North Korea (with its Sunshine policy) to more recently adopting what can only be called a deep-freeze policy (there