February 2018 | KF-VUB KOREA CHAIR POLICY BRIEF
Dr Ramon Pacheco Pardo
The Pyeongchang Winter Olympic Games have already served one very important purpose: helping to thaw inter-Korean relations. Since engagement is a key element of President Moon Jae-in’s North Korea policy, it is highly likely that Seoul will continue to seek exchanges with Pyongyang. It is thus up to the Kim Jong-un regime to accept Seoul’s olive branch and contribute to improving inter-Korean relations. With Pyongyang continuing to support – or at least accept – domestic economic reform and marketization, economic and technical support from Seoul is crucial. Indeed, the goodwill that most South Koreans still seem to hold towards their poorer Northern neighbour and the funding that South Korea can provide cannot be matched by any other country. For Seoul, engagement can serve to ease inter-Korean tensions, make it ever-more difficult for Pyongyang to reverse reforms, and put South Korea in the driving seat of Korean Peninsula affairs.