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Korea in 2050 (Predictions)
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Konglishman



Joined: 14 Sep 2007
Location: Nanjing

PostPosted: Wed Sep 23, 2009 9:21 pm    Post subject: Reply with quote

call_the_shots wrote:
I wonder what the exchange rate will be. 40 years ago, there were 400 won per US$.
http://en.wikipedia.org/wiki/South_Korean_won#Second_South_Korean_won
Now it's 3x that amount (1200). So it's on pace to hitting 3600 won per dollar in another 40 years.


The dollar itself has lost a lot of value against gold since going off of the gold standard in 1971. Personally, I think it could easily go either way for the Korean Won.
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snoopdrew



Joined: 09 May 2003
Location: Bundang, South Korea

PostPosted: Wed Sep 23, 2009 9:43 pm    Post subject: 2050: a unified Korea? Reply with quote

Goldman Sachs thinks a unified Korea, if it were ever to happen... and that's a big IF... would surpass Japan and Germany by 2050 in GDP. Wow...

http://www.koreatimes.co.kr/www/news/biz/2009/09/123_52202.html

That's a pretty strong argument for unification... the 50% or so of South Korean citizens who oppose unification are probably complaining about the first one or two generations that will bear the heavy cost of integrating two different governments and systems.
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