January 3, 2013
Happy New Year, Now Pay Up
Those who read only headlines will believe that Kim Jong Un has declared peace with South Korea. Those who read on, and who know anything of the background to the story, will see that Kim Jong Un’s New Year’s Speech is a demand for Park Geun-Hye to resume massive financial aid and make territorial concessions to the North, in line with what Roh Moo-Hyun agreed in his 2007 going-out-of-business summit. It’s debatable whether the message was really all that conciliatory. Kim,...