ABSTRACT
Existing South Korean regulations consider inter-Korean trade to be nontariffed ‘domestic exchange’ (David Satterwhite, Asian Survey, January 1999, vol. XXXVIII, no. 1, p. 18).
There have been a number of estimates of the value of North Korea-South Korea trade in 1992. In 1997 North-South trade amounted to $308.3 million, much of it in textiles going to North Korea where workshops turned them into clothing for sale in South Korea (IHT, 20 June 1998, p. 11). Inter-Korean trade amounted to $221.94 million in 1998 (Asian Survey, 2000, vol. XL, no. 1, p. 161). ‘Last year [1999] inter-Korean trade amounted to $333.5 million, its highest total since it began in 1989’ (The Economist, 15 April 2000, p. 22). ‘[In 1999] goods and services worth $122 million moved from North to South, while $212 million headed in the opposite direction’ (IHT, 15 April 2000, p. 9). InterKorean trade amounted to $333 million in 1999, most of it humanitarian aid such as fertilizer and food (FEER, 22 June 2000, p. 20).
