Korean Peace Bonanza: An Economic Case for Settling the Korean Issue

Thursday, May 23, 2019 -
6:00pm to 8:00pm
Korea University, Asiatic Research Institute, Rm #310
Tour Leader: 
Dr. Lonnie EDGE

Royal Asiatic Society, Korea Branch in cooperation with École française d'Extrême-Orient

Seoul Colloquium in Korean Studies

Venue:            Grand Conference Room (Room #310), Asiatic Research
                        Institute, Korea University (see detailed directions, below)

Everyone interested in Korean Studies is welcome, please share this information. No registration is needed.

This paper argues an economic case to provide motivation for South Koreans aim for the more modest goal of rapprochement and peace instead of reunification. First, the South Korean expenditure on its military could be reduced by a simply drop in the percentage of the GDP spent on defense. Second,this paper also examines the effect of reducing the labour force dedicated to the defense of South Korea, currently 2.3% versus the world average of 0.8%. By using World Bank and OECD indicators historically and comparing the difference between actual South Korean military troop numbers as a percentage of the workforce and a counterfactual Korean army at the global average of troops as percentage of the workforce over time, this research then uses World Health Organization methodology on the economics of public health for roughly calculating economic impacts of the cost of workforce absence due to illness in a country to show that not being at peace with North Korea has been and will continue to be a massive economic drain on South Korea.
Dr. Lonnie EDGE received his PhD in Politics from Yonsei University in 2017. He is an Assistant Professor at Hankuk University of Foreign Studies Graduate School of Interpretation and Translation teaching courses in translation of Political & Legal documents from Korean into English and Social Science and Humanities documents into English. Dr. EDGE is also the current Managing Editor of North Korean Review and his research interests include inter-Korean Relations, Northeast Asian International Relations, state sovereignty, and theory of International relations.

We hope that many of you can come.

Elisabeth Chabanol
Key-young Son
Brother Anthony

Take Exit 1 from Korea University subway station, turn right onto the footpath leading up onto the campus.
   Walk straight up the road past LG Posco Hall, the Business School and Main Library (all on the right hand side).
   The Asiatic Research Institute is the building next after the Library (Building 39 on the Campus Map)

Seoul Colloquium in Korean Studies

The Seoul Colloquium in Korean Studies is jointly organized by the Seoul Center of the ÉFEO and the Royal Asiatic Society, Korea Branch (RASKB). Everyone interested in Korean Studies is welcome, please share this information. No registration is needed. 


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Royal Asiatic Society Korea Branch
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[03129] 서울시 종로구 대학로 19 (연지동) 한국기독교회관 611호

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