InfoAnda - South Korea president calls for reunification tax |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

British Actor Ray Winstone Says His 8-Year-Old Daughter Taught Him How To Use The Computer | 30 April 2009
Crowded leaderboard: four-way-tie at Boeing Classic | 28 August 2011
Smile, you're on Yoko Ono's new app | | 26 June 2012

Apple's latest iPhone to go on sale in China on Saturday | 20 September 2010

Forum Views () Forum Replies ()

Read more with google mobile : South Korea president calls for reunification tax |

Edition: U.S. Article Comments (0) Save Email Print Reprints Commentary Iraq, America and hired guns In the often perverse logic that has driven America’s war in Iraq, as U.S. soldiers are withdrawn the number of private security contractors is set to rise, writes Bernd Debusmann. Commentary South Korea president calls for reunification tax Digg This Tweet This Share on LinkedIn Share on Facebook Related News North Korea to conduct rare border handover Wed, Aug 11 2010 S.Korea vows firm response to more North provocation Tue, Aug 10 2010 REFILE-UPDATE 2-N.Korea fires artillery near sea border Mon, Aug 9 2010 South Korean fishing vessel held by North: coast guard Sun, Aug 8 2010 South Korea's Lee picks reformist as PM; reshuffles cabinet Sun, Aug 8 2010 Related Topics World » South Korea » South Korea's President Lee Myung-bak is shown at the presidential Blue House in Seoul in this August 12, 2010 file photo. Credit: Reuters/Jo Yong-Hak By Brett Cole SEOUL | Sun Aug 15, 2010 12:42am EDT SEOUL (Reuters) - South Korean President Lee Myung-bak on Sunday proposed a "reunification tax" to help fund the expected $1 trillion bill when the two Koreas eventually rejoin, but maintained his tough stance against the North. There are no signs that North and South Korea are anywhere near close to reconciliation, with about 1 million soldiers facing off across the Cold War's last great divide. "Reunification will definitely come," said Lee in a speech marking the liberation of the Korean peninsula from Japanese colonial rule. "I believe that the time has come to start discussing realistic policies to prepare for that day such as a reunification tax." The two states are still technically at war having only signed a ceasefire in 1953. Tensions are as high as ever following the torpedoing of a South Korean warship this year. Lee said it was now time to start saving for the massive cost of reuniting with the North, whose economy has been driven close to ruin by central economic planning, heavy military expenditure and years of famine. <North Korea is an economic backwater, with annual gross national income of about $24 billion in 2009 -- less than 3 percent the size of the South's economy. By some estimates it would cost more than $1 trillion to absorb the North. That could wreak havoc on South Korea's economy, with a state-funded research agency saying it would raise the tax bill for South Koreans by the equivalent of 2 percentage points annually for 60 years. Opinion polls, however, show more than 60 percent of South Koreans want unification, but they would prefer it happen later rather than sooner because of the cost. Lee has cut aide to a trickle and all but cut off investment in North Korea after Pyongyang conducted a second nuclear test and test-fired long range missiles last year. On Sunday, he again denounced the torpedoing of the sinking of the Cheonan corvette, which Seoul blames on the North, and repeated demands Pyongyang give up its nuclear arms ambitions to win aid and improve business ties. (Additional reporting by Jeremy Laurence, Chang Yeojung and Cho Meeyoung; Editing by Jeremy Laurence and Jonathan Thatcher) World South Korea Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Sunday, 15 August 2010
Lebanese army kills top Islamist after three-year hunt
Lebanese forces shoot dead suspected militant leader
Lebanese forces shoot dead suspected militant leader |
Wall Street ends week with sharp drops and gloom
Australia corals to light up cancer cure fight
Obama, Hillary Congratulate Indians On 63rd Independence Day
U.S. missile strike kills 12 militants in Pakistan |
University Of Idaho Hires Private Guards To Bolster Campus Security
Fire Engulfs Detroit Retail Building; Six Firefighters Injured
Armed men kidnap two Darfur peacekeepers |
Afghan, NATO troops pursue Haqqani fighters
Suspected Qaeda gunmen kill Yemen security officer |
Aussie Slingsby arrows in on dethroning world champ
Karzai asks Obama for review of Afghanistan war
Julia Roberts to receive award at San Sebastian film fest
U.S. missile strike kills 12 militants in Pakistan
US 'concerned' over results of Rwanda vote
Two killed in latest Indian Kashmir clashes
Zsa Zsa Gabor hospitalized after surgery
Japan's Tamada gives Nagoya J-League lead
S.Korean 'breaks home run world baseball record'
Julia Roberts to receive award at San Sebastian film fest
Youth Olympics officially opened
800.000 join Zurich techno Street Parade: organisers
Dutch teen arrives in Portugal ahead of solo sailing bid
Spain extradites alleged 'Pink Panther' thief to Japan
Egypt's Islamic art museum reopens after restoration
Shackleton's vintage whisky exposes secret tippler
Armed men kidnap two Darfur peacekeepers
Experts not consulted over Lockerbie bomber's release
US-TECH Summary
China marks day of mourning for landslide victims |
US aid arrives as Russia says no nuclear risk from fires
Russian grain export ban comes into force
Venezuela probes opposition paper over morgue photo |
French lawmaker denounces Roma raids as disgraceful
Germany revving up but Merkel continues to sputter
China paper warns military thinking outmoded |
South Korea president calls for reunification tax |
Summer breather in Greece ahead of austerity push
Tight Australian election race enters final week |
US 'intensifies strikes' at Al-Qaeda targets
Global Weather-Celsius
Hollywood diplomacy in France shows up Sarkozy
Man Killed In Boston Bar Fight; Suspect Charged With Manslaughter
Better, More Effective Contraceptive Pill To Hit US Market Soon
India PM pushes Pakistan to crack down on militants
Mugabe goes shopping in Hong Kong
China paper warns military thinking outmoded
N.Korea uses Twitter for propaganda offensive
Hollywood diplomacy in France shows up Sarkozy
Japanese officials avoid war shrine on anniversary
Apple manager charged with taking kickbacks |
US-ENTERTAINMENT Summary
China observes day of mourning for mudslide victims
Li Hongqi's 'Winter Vacation' tops Locarno film fest
Siberian tiger mauls keeper in China
Volkswagen inks deal with Malaysia's DRB-HICOM
Sri Lankan exporters brace for loss of EU tax breaks
S.Korea vows not to tolerate N.Korea provocation
India outsourcers angered by US job visa hike
UN chief urges world to speed up Pakistan aid
Japan's PM to watch closely strength of yen: Jiji
India PM urges Pakistan to crack down on militancy
Jazz singer Abbey Lincoln dies |
Fires still threaten Russian nuclear site
Baghdad attacks kill 18
U.N. chief urges faster foreign aid for Pakistan |
Four killed in Baghdad attacks: security officials
Thousands evacuated in Lourdes hoax bomb scare
UN Chief Calls For Credible Elections In Myanmar
Afghanistan: NATO strike kills 2 fleeing militants
Foreign troops deaths in Afghanistan pass 2,000 |
Eight killed, 12 injured in California desert race
Fire near Russian nuclear site as smog returns
Bear Cub Survived 10 Days With Head Stuck In Jar
Top US Official Backs Pak Army Chief, General Pervez Kayani
Afghanistan says finds 1.8 billion barrel oilfield |
Man Killed In Boston Bar Fight; Suspect Charged With Manslaughter
Fire Evacuates Two Hotels Near The White House
Qaeda No. 2 urges Turkish break with Israel: website |
South Africa's opposition parties merge to challenge ANC |
Israel's Barak approves U.S. F-35 fighters purchase |
Argentine leader more popular than husband: poll |
Orthodox flock to once-banned holy site in Turkey |
Ellis try double keeps Tigers on top-four target
Apple manager charged with taking kickbacks |
Relatives re-trace Titanic route to mark 100 years
S.Korean Christians demand Japan's action
Jazz singer Abbey Lincoln dies at 80
U.N. chief urges faster foreign aid for Pakistan
Fear and voting in Sydney's sprawling west
Warnings exchanged ahead of S. Korea war games
Japan claims first gold of inaugural Youth Games
African air travel nightmare blocks trade, tourism
Pacific villagers await their god: Britain's Prince Philip
Philanthropy thriving in newly rich Singapore
Poverty in Taiwan at record high: report
No evidence milk powder caused infant breasts: China
Hundreds protest in Jakarta, urge religious freedom
Matthew beats Ashour for Australian title
Saudi sitcom row tests tolerance toward Christians |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01