Tuesday, May 29, 2018

North Korea has a lot to learn from South Korea to come up to speed with something recognized as an economy.

Investment and a stable middle class will help build a real economy in North Korea. Credit cards should only become a real part of society with a stable middle class.

The middle class can work best in any burgeoning economy if it starts young with good educations and marketable skills. I think the young leader, Kim Jong Un, identifies with the young in North Korea. I think much of his desire to have a stronger economy will be to benefit the future. An immediate future is a big unrealistic. 

North Korea has to recognize that investment needs to occur to bring his people into the 21st century. And it needs to be an economy with real jobs, not simply a hook up to "Alibaba." Real jobs with real people earning a paycheck every week and going in wealth with savings and investment themselves.

I think the Koreas can build economies separately and then find common ground where the two countries can build a future together for their people.

May 29, 2018

“What I saw when I came to South Korea (click here) was overwhelming,” 19-year-old Pak Sool says while talking about what he experienced since fleeing the North.

“North and South Korea are totally different. I had no idea what a credit card was, and that’s used everyday here,” the Yeomyung school student said....