. [Scary since the last Korean balancing act ended early in the last century with a loss of independence.] It seems to be part of Roh’s delusions of grandeur -- delusional for unlike DeGaulle’s France, the ROK does not have a [nuclear] force de frappe to back up its calls for gloire.
There is, of course, no denying the formidable role South Korea already plays in the world economy -- and could play in world politics. Seoul has as much interest as the U.S. in halting the nuclear arming of the basically unstable North Korean dictatorship, and its transformation into a “normal” regime. Alas! There is more than a little suspicion that fear of a Pyongyang collapse [and a perhaps mistaken belief it would have an “East German” call on Seoul’s resources] is greater than a fear of North Korean aggression, even with bitter memories of the long and bloody Korean War initiated by the Communists. But Pyongyang has a track record of using the kind of aid Seoul thinks it can use to buy their rulers off to simply maintain its wretchedness.
ROK President Roh Moon-Hyun occasionally touches ground and talks of turning his attention to the economy. But the fact is, he hasn’t. Seoul is now living in a bubble – the kind of distortion that brought on the decade of Japanese economic stagnation. Overburdened with domestic debt, no growth, the modest GDP is exclusively based on exports, buoyed, of course, by “the China boom”. No wonder there is as much as 40 percent unemployment among those young, educated South Korean demonstrators.
It is Korean companies [Samsung Electronics and Huyndai Automobiles] who have cut themselves off from the domestic bog who are carrying the ball. And foreign investment with its commensurate transfer of technology is not coming, essential to maintaining Korea’s competitive position against those same Chinese exports South Korean entrepreneurs are helping create.
Roh’s foreign policy fandangos is not helping.
The other characteristic Westerners used to assign the Korean stereotype was pragmatism. Unlike France where anti-Americanism is the old time religion, there is a large body of Koreans – almost half the electorate the last time around – who know their history, and the U.S. role in helping to produce the present democratic regime. That will have to be the hope in Washington as it tries to patiently sit out being made a punching bag for Korean frustrations.
Sol W. Sanders, (solsanders@comcast.net),
is an Asian specialist with more than 25 years in the region, and a former correspondent
for Business Week, U.S. News & World Report and United Press International.
He writes weekly for World Tribune.com.