The author believes that recent developments of East-West relations and the two Korea's contacts could be enhanced by re-assessing and re-evaluating the effect on South Korea of the Korean War and U.S. involvement in South Korea's economy. After briefly providing the economic background of...

U.S. trade deficits and the five-year rise in the value of the dollar till 1985 have led to strong pressures for changes in U.S. economic policy. The U.S. has been pressuring South Korea to accelerate the appreciation of its currency (won) and open its markets wider in order to narrow the...