The real objects of the NK's joint venture law are to supplement the present economic system so that the hireditary succession of Kim Ilsung to his son might be easily achieved, to approach the way to narrow th economic gab between the south and the n...
The real objects of the NK's joint venture law are to supplement the present economic system so that the hireditary succession of Kim Ilsung to his son might be easily achieved, to approach the way to narrow th economic gab between the south and the north Korea, to search for an alternative to get more of economic aids than it gets from the communist countries, and to go with the current international desire for peace on the Korean peninsula.
Despite such opening gesture of north Korea, it is doubtful if the law could attract many Western countries because NK holds far more foreign debts than it can pay and the market of the NK is much smaller than that of the PRC.
Though the relations between the south and the north Korea seem to change after the law is put into practice, the prospects for better cmprovements of the relations between the two sides are not bright because the relations can only be improved when a co-existential order is established and the present political system is admitted by both sides, the homogeneousness of the people is realized through gradual and bilateral intercourse in every field.
It should be noticed that NK's joint venture law was announced on the stage of its political transition to a hireditary succession of Kim Jungil, son of Kim Ilsung, and, therefore, it may take a considerably long time for the law to be put into practice throughout the peninsula.