The Business Of A New Korean War
According to some right-wing accounts, there is speculation that President Obama – in light of falling approval numbers and strain from Israel – may push for war with Iran. Chairman of the Joint Chiefs of Staff Mike Mullen just lately told “Meet the Press” that the Pentagon is in fact equipped to infiltration the nation bordering Afghanistan. However, such speculation may be early. According to Front Page Magazine, war against North Korea is more likely. Not only would this be tragic in terms of lost lives, but it would be deadly for manufacturing and the world imports market. Resource for this article – The business of a New Korean War by Personal Money Store.
Kim Jong-il and New Korean War rhetoric
Recent territorial clashes between North Korea and South Korea – as well as the sinking of the South Korean ship Cheonan – have drawn the United States into a fray that could easily lead to a New Korean War, suggests Front Page and other sources. Kim Jong-il, North Korea’s leader, has boasted of his nation’s readiness to fight, which has given world stock markets reason to hiccup. Jong-il warned of “powerful nuclear deterrence” in a recent broadcast where he said that “We don’t hope for war, but if South Korea, with the United States and Japan on its back, tries to strike us, (we) will finish the task of unification left undone during the…(Korean) war (in 1953)”.
Sanctions from the United States of America or the European Union over the Cheonan disaster will even spark violent retaliation, warns Jong-il.
South Korea is an American ally
UPI reports that a recent Angus Reid Public Opinion survey showed that more than half of U.S. adults expect a war between North Korean and South Korea soon. Less than half of those surveyed are against America’s involvement in such a war. Thinking about the Secretary of State Hillary Clinton said following the Cheonan sinking the Americas would defend its ally – South Korea – in an armed conflict with North Korea, the intent is clearly there.
Saber rattling and business chattering
American consumers, dealers and importers of products made in South Korea are very worried about the prospect of a New Korean War, reports The Detroit Bureau. From an import standpoint, war could be disastrous. The impact on businesses ranging from Hyundai and Daewoo to LG and even Wal-Mart would be tremendous, and not in a good way. South Korea would experience economic hard times as their import routes are constricted by war, and even China would feel the pinch as they deal with refugees flooding their borders with the Koreas. Dominoes would continue to fall, and the United States would not keep away from the collision entirely.
This is America off South Korean imports
Considering reports that South Korean manufacturers are largely unprepared for the possibility of a New Korean War, shipping lanes would likely be shut down or severely impeded. Even with the North Korean military reportedly in shambles – although accurate information on such topics is difficult to determine with certainty – the impact of violent conflict would be felt. No new products or parts coming out of South Korea would make things difficult for the American market.
Additional reading
Associated Press
newser.com/article/d9h5b3183/north-korea-threatens-nuclear-retaliation-to-us-south-korea-military-exercises.html
The Detroit Bureau
thedetroitbureau.com/2010/05/how-a-new-korean-war-would-affect-u-s-business/
Front Page Magazine
frontpagemag.com/2010/05/26/the-new-korean-war/
Real Clear Politics
realclearpolitics.com/articles/2010/08/04/iran_war_option_on_the_table_106598.html
UPI
upi.com/Top_News/US/2010/06/03/US-adults-expect-new-Korean-war/UPI-27261275605162/
