Korean unification could affect Taiwan companies: Experts

Radio Taiwan International
Date: 2018-06-12

Taiwanese economic experts have voiced their opinions on how the meeting between US President Donald Trump and North Korean leader Kim Jong-un could affect Taiwan. The two leaders met in Singapore on Tuesday.

Gordon Sun, director of economic forecasting at the Taiwan Institute of Economic Research, said North Korea has rich resources and manpower. Sun said that a potential unification between North and South Korea could see heightened competitiveness from South Korean enterprises put pressure on Taiwan’s companies. However, Sun said Taiwan can consider what role it can play when the North Korean economy rises.

Meanwhile, Hua Nan Securities Investment chair David Chusaid whether a situation will become an economic threat depends on a country’s competitiveness. However Chu said he does not foresee any effect on Taiwan’s financial market in the short run.

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