Playing By the Rules in Korea: Lessons Learned in the North-South Economic Engagement

This paper identifies common problems and solutions South Korean firms experience in engaging with North Korean entities. Korean government and commercial entities on both sides of the 38th parallel are guilty of engaging in economic policies and exchange that do not promote North Korea's productive and responsible introduction into world trade circles. U.S. and South Korean investment now that encourages North Korea to play by the rules of capitalist market exchange will pay off in inexpensive security guarantees much later down the road.