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Following on from yesterday's incident, more shots were reported to have been fired between KPA and ROK troops at the DMZ:
Koreas exchange fire near heavily fortified borderSEOUL, Oct. 19 (Yonhap) -- South and North Korea exchanged fire across the heavily fortified border on Sunday, but there was no report of South Korean casualties. The incident took around 5:40 p.m. when South Korea fired warning shots against North Korean soldiers who were approaching the military demarcation line in Paju after broadcasting warning messages. North Korea apparently fired back against South Korea, according to South Korea's Joint Chiefs of Staff, noting two marks from North Korean guns were found in a South Korean guard post. South Korea also returned fired against North Korea, according to the JCS. Source
Once again, the original source from Choson Ilbo is available here.
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North Korea may be the most resource rich country in the world.
$9.7 trillion USD in mineral wealth and possibly rank No.3 in the world in oil reserves.
Unified Korea will be quickly able to use these resources with projects from Hyundai Heavy Industries, Samsung Heavy Industries, etc leading oil drilling, extraction and refinement. Mining companies from South Korea will take over mining projects.
Hyundai, Samsung, Hynix, etc, etc will establish manufacturing factories across northern Korea. New technology companies will also boom due to the enormous amounts of projects available for developing northern Korea. Hyundai (or some other company) may also become a leading military tech company, manufacturing tanks, aircraft, fighter jets, etc to maintain geopolitical stability in East Asia.
South Korean companies will use affordable North Korean labor for their manufacturing and other manual labor jobs. Diligent and productive North Korean laborers will give a boost to Korea's productivity.
Tourism in northern Korea will also boom, adding more GDP to northern Korea. The fertility rate of Korea will also benefit from North Korea's high fertility rate of 2.0 children per woman compared to South Korea's 1.18.
The economic burden on South Korea is estimated to be $500 billion USD. However the economic return is several fold and will enable South Korea to surpass France, Germany and Japan by 2045.
On October 19 2014 21:09 m4ini wrote:Don't know where that comes from, i guess the usual patriotism, but it's still wrong. In military terms, that might be - but the general term "most technologically advanced country" is not true. Yet. In 2030? I wouldn't be too sure.
Military technology is more advanced than other technologies. Missile technology, missile defense, fighter jets, etc require more technological capacity than making computer chips, robots or cars.
On October 19 2014 21:46 sgtnoobkilla wrote:Following on from yesterday's incident, more shots were reported to have been fired between KPA and ROK troops at the DMZ: Show nested quote +Koreas exchange fire near heavily fortified borderSEOUL, Oct. 19 (Yonhap) -- South and North Korea exchanged fire across the heavily fortified border on Sunday, but there was no report of South Korean casualties. The incident took around 5:40 p.m. when South Korea fired warning shots against North Korean soldiers who were approaching the military demarcation line in Paju after broadcasting warning messages. North Korea apparently fired back against South Korea, according to South Korea's Joint Chiefs of Staff, noting two marks from North Korean guns were found in a South Korean guard post. South Korea also returned fired against North Korea, according to the JCS. Source Once again, the original source from Choson Ilbo is available here.
Most likely a trivial incident like other similar cases.
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Cayman Islands24199 Posts
On October 16 2014 21:38 AutoEngineer wrote:In other news, there is growing speculation that North Korea may have the world's 3rd largest oil and gas reserves, putting it just behind Saudi Arabia and Canada. http://c.hani.co.kr/hantoma/2395282![[image loading]](http://oi58.tinypic.com/sv28id.jpg) ![[image loading]](http://oi62.tinypic.com/27ya7tz.jpg) ![[image loading]](http://oi60.tinypic.com/w86u05.jpg) If someone could translate that would be great. The article apparently says that North Korea could have the world's 3rd largest oil and gas reserves. When the Japanese occupied Korea in the 1900s, they established many mines to take advantage of Korean workers. However they did not have technology to drill oil and extract gas from North Korea's abundant oil and gas reserves. If this is true then North Korea would be one of the most mineral rich countries in the world. Goldman Sachs even states that North Korea has rare earth metal deposits worth $6 trillion USD. This is estimated to be two thirds of the world's total rare earth deposits. That's just rare earth deposits. North Korea is also rich in gold, zinc, magnesite, etc. If North Korea reunited with South Korea, it would have a population of 80 million, more young people and a huge boost to Korea's birth rate. The North Korean fertility rate is 2.0 births per woman, nearly twice that of South Korea and the highest birth rate in East Asia. how serious is this. i'm betting not very. seems like a forum post
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Zurich15327 Posts
Just to get this right, you are saying Korea should reconsider looking at the German model of the 1990 reunification because they had to correct their 2014 growth forecast from 1.8 to 1.2 per cent?
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On October 19 2014 23:19 oneofthem wrote:Show nested quote +On October 16 2014 21:38 AutoEngineer wrote:In other news, there is growing speculation that North Korea may have the world's 3rd largest oil and gas reserves, putting it just behind Saudi Arabia and Canada. http://c.hani.co.kr/hantoma/2395282If someone could translate that would be great. The article apparently says that North Korea could have the world's 3rd largest oil and gas reserves. When the Japanese occupied Korea in the 1900s, they established many mines to take advantage of Korean workers. However they did not have technology to drill oil and extract gas from North Korea's abundant oil and gas reserves. If this is true then North Korea would be one of the most mineral rich countries in the world. Goldman Sachs even states that North Korea has rare earth metal deposits worth $6 trillion USD. This is estimated to be two thirds of the world's total rare earth deposits. That's just rare earth deposits. North Korea is also rich in gold, zinc, magnesite, etc. If North Korea reunited with South Korea, it would have a population of 80 million, more young people and a huge boost to Korea's birth rate. The North Korean fertility rate is 2.0 births per woman, nearly twice that of South Korea and the highest birth rate in East Asia. how serious is this. i'm betting not very. seems like a forum post
oh its totally serious. After all, the reason why the North Koreans never bothered to develop 'the third largest oil reserves' is because they had all these other hard currency opportunities....like meth farming and fake currency making. Who wants to be an oil exporter when you can do that!
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Cayman Islands24199 Posts
dem korean forums, authoritative news source
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On October 21 2014 02:23 oneofthem wrote:
dem korean forums, authoritative news source
the annoying thing is, why be so greedy. 3rd largest reserves? A lake of oil literally under Pyongyang? And two giant fields offshore -- at least the land based oil fields you can pretend might exist and are just hard to get but the mere act of guessing that there is offshore oil requires actual you know...oil stations to be floated and that kind of activity isnt exactly easy to hide.
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I wouldn't count on it. Oil is at $80 per barrel now and dropping. An oil economy is dependent on foreign demand and countries extremely rich in natural resources have a tendency to get Dutch disease. Norway is a major exception.
The German model isn't ideal, either. They are very dependent on outside demand. Their export led economy is competitive partly by depressing the wages of German laborers. Compared to their European peers, Germans are underpaid and can't create enough local demand for their products. A slowdown in China's economy can throw Germany into a recession, a possibility right now with their current numbers. In fact, low oil prices and sanctions that have crippled the Russian economy are also lowering demand for German exports.
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its either sk government movement for all those nk resources to push unification or its true. its been all over the news and talk shows in sk awhile ago. you can search "north korean resources" (북한 자원) on youtube and find reports of it. i was surprised myself, this isn't just oil but shit load of other things.
as for why they aren't extracting, they dont have the money to build infrastructure since all of it needs to be outsourced (mineral mining is still done by hand in nk). sk is one of the best in these type of tech but i highly doubt they'd work together. from what i know, listening to high nk official defector, europeans cost too much and chinese are too greedy for cut. chinese is working on/finished buildnig a oil rig where the oil field/patch is on both korean and chinese border, sucking north korean side dry and nk wasn't too happy about it.
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On October 21 2014 07:30 jinorazi wrote:
its either sk government movement for all those nk resources to push unification or its true. its been all over the news and talk shows in sk awhile ago. you can search "north korean resources" (북한 자원) on youtube and find reports of it. i was surprised myself, this isn't just oil but shit load of other things.
as for why they aren't extracting, they dont have the money to build infrastructure since all of it needs to be outsourced (mineral mining is still done by hand in nk). sk is one of the best in these type of tech but i highly doubt they'd work together. from what i know, listening to high nk official defector, europeans cost too much and chinese are too greedy for cut. chinese is working on/finished buildnig a oil rig where the oil field/patch is on both korean and chinese border, sucking north korean side dry and nk wasn't too happy about it.
Yea, that could be one perspective, that North Korea is unique in both having SOOOOOOO many resources that its the best at everything AND being so cheap that they wont outsource the development like every other resource rich country has done (despite a desperate need for hard currency as evident by the fact that North Korea is prepared to risk so much through engaging in the drug and illegal arms trade).
The other possibility is that this is a fantasy thought up by Korean nationalists.
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Cayman Islands24199 Posts
On October 21 2014 03:00 Sub40APM wrote:Show nested quote +On October 21 2014 02:23 oneofthem wrote:
dem korean forums, authoritative news source the annoying thing is, why be so greedy. 3rd largest reserves? A lake of oil literally under Pyongyang? And two giant fields offshore -- at least the land based oil fields you can pretend might exist and are just hard to get but the mere act of guessing that there is offshore oil requires actual you know...oil stations to be floated and that kind of activity isnt exactly easy to hide.
i'm seeing this civ scenario of North Korea being in the medieval age but spawned with 8 oil patches under its capital city. i'd think if they have any large reserves china would be in there getting the stuff.
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On October 19 2014 21:57 AutoEngineer wrote:
North Korea may be the most resource rich country in the world.
$9.7 trillion USD in mineral wealth and possibly rank No.3 in the world in oil reserves.
Unified Korea will be quickly able to use these resources with projects from Hyundai Heavy Industries, Samsung Heavy Industries, etc leading oil drilling, extraction and refinement. Mining companies from South Korea will take over mining projects.
Hyundai, Samsung, Hynix, etc, etc will establish manufacturing factories across northern Korea. New technology companies will also boom due to the enormous amounts of projects available for developing northern Korea. Hyundai (or some other company) may also become a leading military tech company, manufacturing tanks, aircraft, fighter jets, etc to maintain geopolitical stability in East Asia.
South Korean companies will use affordable North Korean labor for their manufacturing and other manual labor jobs. Diligent and productive North Korean laborers will give a boost to Korea's productivity.
Tourism in northern Korea will also boom, adding more GDP to northern Korea. The fertility rate of Korea will also benefit from North Korea's high fertility rate of 2.0 children per woman compared to South Korea's 1.18.
The economic burden on South Korea is estimated to be $500 billion USD. However the economic return is several fold and will enable South Korea to surpass France, Germany and Japan by 2045.
That's some high school level of economical research you got there. Or am I being too generous?
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On October 21 2014 07:54 oneofthem wrote:Show nested quote +On October 21 2014 03:00 Sub40APM wrote:On October 21 2014 02:23 oneofthem wrote:
dem korean forums, authoritative news source the annoying thing is, why be so greedy. 3rd largest reserves? A lake of oil literally under Pyongyang? And two giant fields offshore -- at least the land based oil fields you can pretend might exist and are just hard to get but the mere act of guessing that there is offshore oil requires actual you know...oil stations to be floated and that kind of activity isnt exactly easy to hide. i'm seeing this civ scenario of North Korea being in the medieval age but spawned with 8 oil patches under its capital city. i'd think if they have any large reserves china would be in there getting the stuff.
or just North Korea...dont people understand that their 1970s era economy (a) actually can get to resources that are recoverable and (b) needed it in the 1990s when the Russians turned of the oil taps? North Korea had no problem in hiring a Egyptian telecom co to build out their own 3g network for the elite and intranet for everyone else, but suddenly you guys are seriously trying to tell me that in a world of 2006 oil prices where everyone was desperate for an extra barrel of oil not one oil explorer in the entire world was desperate enough for acarage that they'd let the North keep 90% of the profit and still be happy?
Again, look at what they actually do for hard currency: sell meth, illegal weapons and fake dollar bills while their foreign ministry tasks its embassy employees with low level smuggling to get that dirty hard currency to stay afloat.
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On October 21 2014 07:42 Sub40APM wrote:
The other possibility is that this is a fantasy thought up by Korean nationalists.
that and if this was true, US would be all over that NK ass.
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On October 21 2014 08:46 NIJ wrote:Show nested quote +On October 21 2014 07:42 Sub40APM wrote:
The other possibility is that this is a fantasy thought up by Korean nationalists.
that and if this was true, US would be all over that NK ass.
Riiight.....
I don't understand this sentiment. I mean, I do but its not even remotely plausible.
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Operation Let's Save Darwin Award Winners has commenced:
North Korea releases American Jeffrey Fowle, US confirmsThe US State Department says Jeffrey Fowle, one of three Americans being held in North Korea, has been released. State Department deputy spokeswoman Marie Harf said Fowle was home Tuesday after negotiators left Pyongyang. She said the US is still trying to free two other Americans, Matthew Miller and Kenneth Bae. Confirming the news, the White House welcomed Fowle’s release and thanked Sweden for helping arrange his departure from North Korea. But officials drew attention to two other Americans who continue to be hold by authorities and declined to answer initial questions about the circumstances of his release and any possible negotiations. “We remain focused on the continued detention on Kenneth Bae and Matthew Miller,” said press secretary Josh Earnest. Associated Press journalists in Pyongyang spotted the US government plane at the capital’s international airport on Tuesday. The White House confirmed Fowle was released home to see his family. “While this is a positive decision by the DPRK, we remain focused on the continued detention of Kenneth Bae and Matthew Miller and again call on the DPRK to immediately release them,” the State Department said in a statement. “As a condition of his release, the DPRK authorities asked the United States government to transport Mr Fowle out of the country. The Department of Defense was able to provide transportation for Mr Fowle in the time frame specified by the DPRK.” ..... Source
Sigh.
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I highly doubt North Korea has anywhere near that much oil, and next to NONE of it is proven.
"Proven reserves" are proven through exploration. Exploration of even smaller regions is pretty difficult, and I haven't heard of any exploration going on in N. Korea. We probably don't even know more than a small fraction of oil out there, including in the Mideast and Russia. Like, I'm sure it's quite possible that Russia has more oil than everyone else out there. It's just, there hasn't been a whole lot of exploration considering it's a pretty giant country. Saudi Arabia's proven reserves are largely that way because it's one of the most explored countries in the world.
But there hasn't been exploration in North Korea, has there? If not, then how can anyone claim they have the 3rd most in the world?
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I'd like to add that having the oil by itself is pretty worthless. You need a functioning country to exploit it.
There is a reason Venezuelan oil production is less profitable every year
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Given what China has put up with to get Oil out of Africa, they'd have been all over a supply like that.
Actually, frankly, if NK supplies were really that huge, China would have rolled the Kim regime a long time ago.
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lol can't believe this thread is still going on.
But I highly doubt DPRK will ever provoke total war, just a missile here and there. They obviously know deep down that if they ever attacked the South that they'd get their asses handed to them.
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EPT
