THE KOREAN PENINSULA PEACE BUILDING UNDER INTERNATIONAL LAW: A POSSIBLE ECONOMIC UNION FOR COMMON JURISDICTION
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Abstract
Since late 2017, the world has paid more attention to the Korean peninsula than before due to North Korea’s sixth nuclear weapon test and missile launches. There were series of summit for rehabilitating the hostile relations between the two sides, but such a feeble peace came to deadlock when North Korea restarted ballistic missile tests and nuclear weapons development following the US-South Korea Joint Military Drill resumed. The US and South Korea has finally recognized that the nuclear standoff could not be resolved through the conventional manner whose main idea is to press and ultimately change the Kim Jong Un regime. This research introduces a hypothetical four-stage model as a roadmap for the Korean economic integration under international law. The authors explore a possible economic union building like Benelux for common jurisdiction. This blueprint will be a navigator to build “real peace as a system” on the Korean peninsula.
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References
Eric Yong Joong Lee is a Professor of International Law at Dongguk University (Seoul, Korea) and President of YIJUN Institute of International Law. Lee holds B.A. (U. Washington), M.P.A. (Seoul Nat’l U.), LL.M. (Leiden) and Dr.iur. (Erasmus). The views reflected in this article are the author’s own. This work was supported by the Dongguk University Research Fund 2023. He may be contacted at: grotian@hotmail.com. ORCID: http://orcid.org/0000-0001-5640-490X. First Author.
Pinguang Ying is an Associate Professor at the WTO Chair Institute-China & the School of Trade Negotiations, Shanghai University of International Business and Economics (SUIBE); Deputy Director of the Shanghai Centre for Global Trade and Economic Governance (SC-GTEG); Postdoctoral Fellow of the Vrije Universiteit Brussel (VUB). B.A. / M.A. (Sichuan Univ.), Ph.D. (ECUPL). He may be contacted at: yingpinguang@foxmail.com. ORCID: https://orcid.org/0000-0002-9518-6922. Corresponding Author.
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The Bretton Woods system was a target zone system of exchange rates, where the currencies had central parities pegged to the US dollar and the central banks were bound to maintain their currencies within narrow (1 percent) bands of fluctuations, with the possibility of realignments over time of the central parities, following negotiations among members. See Altomonte & Nava, above n. 46, at 92.
TEC art. 105, ¶ 2.
Lee, above n. 28, at 250.
Ibid.
Mads Andenas et al. (eds), European Economic and Monetary Union: The Institutional Framework (Springer: Berlin, 1997) 14-21.
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Above n. 95.
Eric Yong Joong Lee, ‘Editorial’ (2017) 10 Journal of East Asia and International Law 336.
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