The news that North and South Korea are to hold a summit on June 12-14 could be the beginning of the final chapter in Cold War history. If reconciliation happens what will it mean for South Korean and Asian business and finance
Firstly, it is important to realize that a lot can happen between the announcement of a summit and any official thawing of attitudes the last time a summit was announced in 1994, the Dear Leader Kim Il-Sung, died of a heart attack just days before the historic meeting. It has taken six years for the two sides to agree to meet again.
Moreover, the ever-prickly North Koreans can change their stance...