Congratulatory Speech at the seminar marking the establishment of the
Korean Peninsula Peace Economy Forum
13:30 on August 20, 2019, at the head office building of the
Federation of Korean
By Unification Minister Kim Yeon Chul
It is good to see you all. I am Unification Minister Kim Yeon Chul.
I would like to express my sincere congratulations to you on
establishing the Korean Peninsula Peace Economy Forum.
I am very pleased to have reliable friends on the journey toward
peace and prosperity, and I would like to extend my gratitude to
Executive Vice-chairperson Kim Deog-ryong of the National Unification
Advisory Council, Chairman Jung In-sung of the Korean Peninsula Peace
Economy Forum, and others concerned for their hard work.
My heartfelt appreciation also goes to Governor Won Hee-ryong of
Jeju Special Self-governing Province, key National Assembly members
from the ruling and opposition parties in the fields of foreign
affairs, security, and the peace economy, and Chairman Huh Chang-soo
of the Federation of Korean Industries for taking time out of their
busy schedules to participate in this meaningful event.
Today, the seminar consists of two sessions of presentations and
discussions under the theme of the “Vision for the New Korean
Peninsula System and the Peace Economy, and Public-Private Governance.”
I have no doubt that the top experts joining us today will offer
significant new insights in their discussions.
A few days ago, President
Moon Jae-in emphasized the need for the “peace economy” in his
Liberation Day speech.
Although inter-Korean relations have been stalled and it is
difficult to predict the situation in Northeast Asia, our way forward
Last year, the leaders of South and North Korea declared the advent
of an era of peace free of war.
Now is the time for us to blossom a flower of the economy on the
land of peace.
We must open an era of the peace economy in which peace lays a solid
foundation for economic development and then economic growth further
The two Koreas should respect and cooperate with each other and open
the path to common prosperity.
Only then can we transform the Korean Peninsula from a “geopolitical
misfortune” into a “geoeconomical fortune.”
If the transportation network including railways and roads is
connected between the two Koreas, the Korean Peninsula will become a
bridge country that connects the continent and the ocean.
A systematic link to the New Northern Policy and New Southern Policy
will lay the foundation for an economic community and multilateral
security cooperation in East Asia.
However, this future will not come to us like good luck.
We must take the initiative and realize this future, and we can do
this only when the two Koreas work hard to restore their mutual trust.
This will necessarily be a long, drawn-out challenge because they have
confronted and distrusted each other for such a long time.
Some people say that the government is overly optimistic about the
However, we need to remember that the European Coal and Steel
Community, the organization most symbolic of the peace economy, was
launched in 1951.
The peace economy of Europe emerged from the ruins of war. The
situation on the Korean Peninsula rather highlights the need for the
The flower of the economy thrives only when we make and keep peace.
Amid the chaos created by the international division of labor, the
peace economy is a key survival strategy for us.
Some people talk about the economy while denying peace. However,
flowers cannot bloom in the air.
The government will trust and work together with the people to turn
the current difficulties into an opportunity and move toward a Korean
Peninsula of peace and prosperity.
It will be sure to take full advantage of the precious chance of the
peace economy, which is something only our country can have.
believe that if all the people are earnestly united in this effort,
the dream will indeed be realized.
With patience, the government will carry out the agreements made at
the inter-Korean joint declarations step by step and be all set to
pursue cooperation in more fields and pick up the speed.
In this regard, the Korean Peninsula Peace Economy Forum
that starts today is especially meaningful.
I expect that the forum will produce a variety of creative
alternatives to open an era of the peace economy on the Korean Peninsula.
I also ask you to build a public consensus on the peace economy. The
government will do everything it can to support your activities.
Once again, I congratulate you on establishing the Korean Peninsula
Peace Economy Forum, and I look forward to its remarkable activities.