The Effects of the Historical Division of Korea on Industry, Agriculture & Family

Before the Korean War from 1950-1953, Korea was a single nation. Afterwards, the nation was divided into two halves, the North which embraced totalitarian communism, and the South which followed the path of liberal democracy (Kwak & Hwang). After decades of this difference, stark differences have emerged between the two nations, particularly in terms of industry, agriculture, and family life.

Since the end of the Korean War, North and South Korea have had dramatically different economic systems that have influenced the development of both industry and agricultural production. South Korea employs a capitalist market system, while North Korea has adapted central planning economy that is most historically well-known in the former Soviet Union (Kwak & Hwang). For industrial, and business in general, development the differences in economic systems could not be more severe. Though many factors...
[ View Full Essay]