Reunification of Korea is still possible although there are some differences in the social and the economic structures of the two countries. There have been various attempts to reunite Korea in the past although the attempts have always failed and some tension still remains in these two countries. The first major attempt which was made in the attempt of reuniting Korea was made in 1972 (Sam, 1972). The governments of both countries made a joint statement which was meant to reunite the two countries. The joint statement was named as the ‘South and North Korea Joint Statement’ and was made in 4TH July 1972. The statement outlined all the major steps which could be undertaken to help in reuniting Korea peacefully. A North-South Committee was formed to help in …show more content…
One of the major reasons which lead to the failure of the attempt to reunify Korea was some external influence which came from some other countries who feared that the reunification of Korea would result in a very strong economy which would outdo theirs. There have been several other attempts to reunite Korea but these attempts have always failed due to some external influence which emanates from some other countries. One of the countries which have been playing great roles to hinder the reunification of Korea in the fear that their economy might be overtaken if Korea reunites is China which is enjoying a very good economy in Asia (Hao and Qubing, 1992). China is a great supporter of North Korea but does not support the idea of reunification between North and South Korea as the reunification would offer a great competition in terms of the economy which will automatically lower the economy of China significantly. Another major reason which has been making China oppose the reunification of Korea is the fact that China values the buffer role which is played by North Korea and the United States (Tang,