The unification of North and South Korea must be a supreme task in the spirit of the constitution. Nevertheless, the estimation of reunification cost is striking fear into our mind imprudently. The reason we must approach reunification cost earnestly ...
The unification of North and South Korea must be a supreme task in the spirit of the constitution. Nevertheless, the estimation of reunification cost is striking fear into our mind imprudently. The reason we must approach reunification cost earnestly is not considering the pros and cons but maximizing net profit of reunification. This principle must not be forgotten. The contemplation what the cost of reunification concretely and how it must arrange should be made such aspect.
A key theme of this study is an extension of the consideration like this.
Therefore, first, this study research the case of the German. After that, Korea's financial resources and reunification cost shall be analogized. Furthermore, among the specific measure of the financial resources, the necessity of legislation for reunification-tax shall be reviewed. Also reunification-tax in the legislative process should be reviewed legal issues concretely. A recent studies present that the costs of reunification is estimated from dozens of trillion won to the astronomical cost of 6000 trillion won. The difference between the minimum cost and maximum cost is hard to accept from a common-sense point of view. That's why the calculation structure of reunification cost have a problem itself. After all, it does not make any sense which one is more credible. Significantly, the most urgent thing is a debate of the financial resources for a reunification: how to cover significant sums of money expected to reach thousands of trillion won.
The conclusion of study about these financial resources reach that we must review all options positively. Early on, reunification cost must be needed intensively.
So, it is important to minimize impact of reunification cost. In this respect, we must prepare for reunification steadily from now on. Therefore, among many ways of raising fund, this study will deal with the following aspects of the question: the need of legislation about the reunification-tax, and the legal issue that can be problem to legislative process. It is clear from numerous studies of the German case that the reunification tax is inevitable. If so, do the following steps: a choice between preparing reunification for a long time and bearing a large hemorrhage after reunification. Course, if you are rational decision makers, you will choose the former. Therefore, the reunification-tax shall be reviewed seriously as the tax legislation from now on. In addition, the study should be made within the scope of constitution, such as the principle of no taxation without law.