Question

The reunification of North Korea and South Korea is a major political issue in East Asia. These countries may reunite in the future, even though they are very different. How are North Korea and South Korea different from each other? (Site 1)

Answer 1

Answer:Although they may share a border and were once united, there is a big difference between the economies of North and South Korea. North Korea operates under a command economy, while its neighbor to the south is a mixed economy, combining free market principles with central planning by the government.

Answer 2

Although North Korea officially describes itself as a Korean-shaped socialist state that follows Kim Il-sung's political philosophy, Juche, and holding elections, it is generally regarded as dictatorship described as totalitarian and Stalinist with a well-developed personal cult around the Kim family. Korea's Labor Party, which according to the party's fundamental principles must be led by a member of the ruling Kim family, has all the power in the country.

The country tries to be self-sufficient, but has had major problems since the support of the Soviet Union fell away in the early 1990s. Agricultural production does not meet the country's need for food, which has led to starvation in several parts of the country.

In turn, South Korea is a democratic nation, whose economy grew rapidly in the 1980s and 1990s. It is one of four Asian tigers, along with Taiwan, Singapore and Hong Kong, being a high-income country that builds its wealth on industrial production in the field of high-tech and transport equipment.