On March 29, 2016, professor Byung-yeon Kim from the department of Economics, Seoul National University gave a lecture to the students of the FTA Commerce and Strategy program under the topic, “Economy of North Korea and North-South Korea’s Economic Cooperation.” Professor Kim explained the reality of North Korea’s economic situation and corrected common myths about North Korean economy - socialist economy, especially the economic system of North Korea is very corrupted and cannot be maintained in the long run. Lastly, professor Kim focused on how Kaesong Industrial Complex is structured and the future possibility of the economic cooperation between North and South Korea. He concluded by showing how economic cooperation and unification will affect the economic growth of South Korea.
