A South Korean expert proposed establishing a development bank in North Korea to create a sustainable economic system before and after unification, according to a recently published report from Seoul’s Korea Development Bank (KDB).

Park Hwon-il, a professor at the Kyunghee University Law School, suggested three stages: knowledge sharing, investment attraction by connecting resources and social overhead capital (SOC), and cooperating with North Korea to join international finance organizations.

“If North Korea requires, the KDB has to be able to initiate a development bank model and know how to raise money for infrastructure and industrial as well as company reconstruction, using its experience of