"There's also the costs/profits of reunification of the Korean peninsula to consider:
"The Rand Corporation estimates the cost of Korean reunification at $50 billion, Credit Suisse insists $1.5 trillion is the expense, and Stanford fellow Peter M. Beck posits an alarmist $2-$5 trillion.
"Question: Who's got that kind of cash?
"Answer: North Korean mines. 360 minerals are sequestered in the Hermit Kingdom's caves, many trapped by flooding and NK's [North Korea's] appalling infrastructure.
"
Billions of tons of coal, iron, zinc, magnesite, nickel, uranium, tungsten, phosphate, graphite, gold, silver, mercury, sulfur, limestone, copper, manganese, molybdenum... worth an estimated $2-$6 trillion (Goldman Sach's figure is $2.5 trillion).
"
Reunification could be entirely paid for by these mines, perhaps with change left over.
"It appears that (SK President) Lee would prefer to treat northern Korea as the low-wage, resource-rich hinterland that powers the West-oriented-export economy of a united and pro-US Korea - rather than China's Shandong.
"China would also prefer an independent or at least autonomous successor regime with an Asian-authoritative tinge to arise in Pyongyang under Beijing's tutelage, one that would not look to Seoul for advantage - or enhance South Korea's military heft and diplomatic pretensions in the region."
China might also be concerned about the unlikely reunification scenario that sees the combined armed forces of North and South Korea result in a UK army of 10,000,000 troops.
Peter Lee