Who Will War With North Korea Affect?

A recent survey commissioned by the New York Times found that people who could find North Korea on a map were more likely to favor talks over military action. A glance at North Asia’s geography explains why. More than six decades after the Korean War ended without a peace treaty, the peninsula remains bisected in a perpetual stalemate, with the U.S.-backed South Korean military lined up against more than a million North Korean troops. While tensions have occasionally flared — such as after Kim Jong Un’s weapons tests or threats of “merciless revenge” over American-led military exercises that began Monday — the two sides have so far staved off another devastating conflict.The 250-kilometer (160-mile) border defined in a 1953 armistice lays bare one obvious peril of any confrontation: The demilitarized zone sits on the doorstep of the Seoul metropolitan area, where about half of South Korea’s 51 million people live.

Source: A Second Korean War Could Quickly Spread Across All of Asia – Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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