Korea’s rapid economic transformation from being one of the poorest countries during the 1950s to becoming a member of the Organisation of Economic Co-operation and Development (OECD) in 1996 surprised the world, and is often considered the ‘Miracle on the Han River’. Within a period of a few decades, Korea became an economic powerhouse and one of the largest producers and exporters of steel, ships, automobiles, cell phones, etc. In recent years Hallyu or the ‘Korean Wave’ has taken the world by surprise.
The Contours of a Negotiated Nuclear-Missile Deal with North Korea
Removing the Kim regime’s fears about regime change and reducing the insecurity caused by North Korea’s nuclear and missile tests to the US and its allies are the essentials that must be addressed in a UN-led multinational dialogue to forge a negotiated settlement.