Reunification went well in Germany. Although even now there are vast differences between the east and west, the east is fully integrated. Think of it as the poor southern US vs the east coast.
If this happens, it would be the biggest win for capitalism/democracy I've seen in my lifetime (I'm born after the fall of ussr)
The West German government didn't have any plan in 1989, despite all the Sunday speeches dreaming of re-unification. In hindsight, many things could have been done better, eg the rules about ownership of nationalized property. Unresolved ownership questions were a huge roadblock for economic development.
The South Korean government expects the North to collapse at some point. North Korea only survives as a country because the Chinese give them oil and other countries give them food periodically. Nearly 100% of the country's economic output goes to the maintenance of the state.
>Reunification went well in Germany. Although even now there are vast differences between the east and west, the east is fully integrated. Think of it as the poor southern US vs the east coast.
That's ridiculous. Germany is a very wealthy country and it paid a huge price to reintegrate the East. A process that's not complete, by the way.
South Korea is not as wealthy as West Germany was, and North Korea is far worse off than East Germany. Reunification will break the South, economically.