Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Tuesday, April 24, 2018 10:28:50 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Peace in the Korean Peninsula lies with the creation of 'Koryo Union'

Share your thought
Post a comment »
Read all () »

M A Hossain :
Finally the international community seems to get its sense back on the issue of resolving the existing political standoff in Korean Peninsula. In the past, I have repeatedly said undue pressure and illogical sanctions on the DPR Korea would bring counter productive result. As a defence analyst, I can clearly understand the sentiment of a patriotic leader like Marshal Kim Jong Un. First of all let me clarify, to me Korean people, be it the peoples of the Republic of Korea, or the peoples of DPR Korea are friends. Bangladesh has historic relations both the Koreas. As a key summit, which I am seeing as a summit of beginning of a new era of prosperity and peace in the Korean Peninsula is scheduled for next month. This article is written with an honest desire of offering a mutually respectable formula to the leaders of both the Koreas.
Ever since division of Korea in 1950, Republic of Korea (ROK) is talking about unification of Koreas, while DPR Korea is demanding re-unification of Korea. This is the major obstacle in finding a lasting peace formula. I don't think the people of DPR Korea would go under the administration of Seoul while the people of ROK won't accept the leadership of Pyongyang. In my judgment Korean people definitely should be brought under a single umbrella keeping two political systems for two of the Koreas. Meaning, a 'Koryo Union' comprising Republic of Korea and DPR Korea is the only workable solution. Under the Koryo Union, there will be a common military force to ensure sovereignty of both the Korea as well assure peaceful coexistence with the neighbouring countries like Japan, China and beyond. Republic of Korea can utilize the huge skilled and semi skilled manpower of DPR Korea; while Pyongyang can explore its massive mineral and natural resources with the technical collaboration of China, Japan and ROK which definitely would transform DPRK into a developed nation within the span of maximum 7-8 years. On the other hand, ROK can establish Koryo Union Special Economic Zone both in ROK and DPRK under mutually agreeable proportion. The Koryo Union can have common airline, common shipping agency and even common currency. This common currency would be an additional one, keeping the existing currencies of both Koreas in circulation. While DPRK's Won and ROK's Won would be a local currency while currency of the Koryo Union would emerge as an international currency. In this case we can cite the example of Chinese Yuan and Foreign Exchange Certificate (FEC) or the Britain's model. While being in EU both British Pound and EU's EURO are in circulation in Britain. For many years existence the two currencies never create any problem in the UK.
Creation of the Koryo Union will help both the member countries of the union in reducing their defence budget. Meaning both side will have fund available for socio-economic development. Currently DPRK has approximately 22 million members in the Korean Peoples Army (KPA). They are well trained, fully equipped and above all absolutely dedicated to their motherland. On the other hand Republic of Korea has around 300thousand members in his army who to are equally capable as the KPA members. But defence expenditure of the ROK is much higher. Because they also have to bear the burden of paying costs to approximately 14 thousand soldiers from US defence forces. In addition to this, ROK are rather compelled in buying military equipments worth billions of dollar each year. Formation of the Koryo Union will most certainly relieve ROK from this huge expenditure. Not only that! Because of the tension in the Korean peninsula, countries like Japan even are compelled in spending billions of dollar in defence sector every year. Should there be no such burden, countries like Japan or ROK would be most beneficiaries. Now the main question, which may even jeopardise the much expected peace process is, United States and Western country's undue demand of denuclearization of DPRK. I personally don't believe, Marshal Kim Jong Un is going to accept this. DPRK is already a nuclear power. Accepting this fact, if ROK and the US will sit with DPRK, definitely can anticipate a very pleasant outcome.
Congratulation to the inhabitants of the Koryo Union.  
(The author is a defence and political analyst and worked in the United Nations).

Add Rate

News Archive

Inside The New Nation

Editorial »

Justice delayed justice denied

FIVE years have elapsed after the Rana Plaza collapse in Savar which is known as deadliest garment-factory accident in history, as well as the deadliest structural failure in the modern human history. At least 1136 garment workers were killed on the spot and 1169 received severe injuries when the multi-storied ...

Cricket »

Shakib, Tamim to play for ICC World XI against West Indies

Bangladeshi all-rounder Shakib Al Hasan and top order batsman Tamim Iqbal have been included in the ICC World XI to play West Indies team in a one-off T20I match at Lord's on May 31.The match is being organised to raise fund for the reconstruction of stadiums that were damaged in ...

Sports »

(Left to right)) Uttam Mundy, CEO, PGTI; Arshi Haider, Chairman of bti; Siddikur Rahman, Professional Golfer; Asif Ibrahim, President, BPGA; Johnson Poh, Professional Golfer, Honey Baisoya, Professional Golfer unveiling the bti Open 2018 Trophy on Monday.

Entertainment »

Shilpa Shetty Kundra is Inspirational Celebrity of the Year

A successful wellness guru Shilpa Shetty Kundra is one of cinema’s most loved names. Her rise has nothing short of meteoric. This actress turned entrepreneur has to her credit successful yoga DVDs, a health and fitness channel is also a top-selling selling author of two books based on her mantra ...

Entertainment »

Richa Chadha’s new song look inspired by Parveen Babi’s Jawani Janeman

Actress Richa Chadha is considered to be the front-runner in Bollywood for experimenting with her looks and character in the films she does. Right from playing an old woman Nagma Khatoon in her first commercial success hit, Gangs of Wasseypur series to her soon to release film Daasdev, Richa has ...

City »

President Abdul Hamid receiving an annual audit report from a delegation led by Auditor and Comptroller General Masud Ahmed at Bangabhaban on Monday.

International »

Child rape case heightens India`s Hindu-Muslim divide

AFP, Jammu :The internet is being cut for hours on end in Jammu as authorities try to halt protests that have grown in the Kashmir winter capital since the rape-murder of an eight year old girl opened a new front in India's Hindu-Muslim divide.With near daily protests held across the ...

Editorial »

Govt must answer what happened to the force disappearances

MEMBERS of around 80 families joined a programme under the banner of "Mayer Daak", a platform of disappearance victims' family members, from across the country on April 21st, as per report of a local daily. Speaking at the event, supported by rights activists, family members slammed the state for denying ...

Entertainment »

Alia Bhatt spies on movie goers

Raazi trailer was launched recently. Last week, in partnership with FB & PVR, Alia spied on theatre audiences watching the trailer on the theatre screen and appeared on a two-way facebook LIVE in front of them and interacted with the audience as they could both see each other. This was ...

Football »

Neymar to be at peak of powers at World Cup: Ronaldinho

Xinhua, Rio De Janeiro :Brazil legend Ronaldinho has backed compatriot Neymar to make a full recovery from foot surgery in time for the World Cup in Russia.Neymar has been sidelined since suffering a cracked fifth metatarsal in his right foot while playing for Paris Saint-Germain in late February.He underwent surgery ...

International »

Iran threatens to `vigorously` resume enrichment if US quits deal

AFP, New York : Iran warned Saturday it is ready to "vigorously" resume nuclear enrichment if the United States ditches the 2015 nuclear deal, and said further "drastic measures" are being considered in response to a US exit.Iranian Foreign Minister Mohammad Javad Zarif told reporters in New York that Iran ...

Football »

Chanathip Songkrasin (left) of Consadole Sapporo and Kazuki Nagasawa (right) of Urawa Reds fight for the ball during their J1 League match at Saitama Stadium in Saitama, north of Tokyo on Saturday.

Sports »

Kvitova, Pliskova give Czechs 2-0 lead over Germany

AFP, Stuttgart :Victories by Petra Kvitova and Karolina Pliskova gave the Czech Republic a commanding 2-0 lead over hosts Germany in their Fed Cup semi-final on Saturday. Two-time Wimbledon champion Kvitova needed just over an hour for an emphatic 6-3, 6-2 win over Julia Goerges at the Porsche Arena in ...

Entertainment »

Salman, Katrina all set to leave for tour to USA in June

Salman Khan is one of Bollywood's biggest superstars and over the years he has made a brand out of himself. Everything from his dance moves, clothes, accessories to his attitude and body language is a rage among his fans. Salman was recently proven guilty in the 1998 Blackbuck poaching case. ...

Entertainment »

Shahid to shoot for Batti Gul Meter Chalu

Shree Narayan Singh's Batti Gul Meter Chalu is a social drama that depicts the contradiction between long hours of power cuts and the ironically high electricity bills that dig a hole in the common man's pocket. It narrates the story of a man's fight against power distribution companies. Shahid Kapoor ...

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news