North Korea’s latest weapons displays in recent days indicate otherwise and, unlike in previous years when North Korea was dedicated to showing off its weapons, on this occasion, according to the Associated Press, Kin Jong-Un has decided that he intends to break his commitment to seek peaceful unification and will not hesitate to unleash all his weapons against his southern neighbor if provoked.
Kin Jon-Un requested that the country’s constitution be amended so that the Korean Peninsula would no longer be considered a shared state and that South Korea be declared an adversary. In addition, he closed three agencies created by the government to facilitate the reunification process
The announcement comes as South Korea began a new round of military exercises in the region in collaboration with the United States and Japan, while North Korea continues to expand its collaboration with Russia and China . This is not the first time that Kim Jong-Un has made an announcement of this type only to ultimately achieve nothing. Since he became the highest representative of his country, after the death of his father, the rest of the countries, especially South Korea, are used to this type of speech. braggingit is therefore very likely that the announced change is an additional change to add to the list.
How does this affect us?
China is the largest factory in the world, where all types of electronic products are manufactured, and we have already seen during the pandemic what it meant for this Asian giant to paralyze its production. Korea, on the other hand, is responsible for the production of memory circuits and is the largest memory producer in the world, thanks to Samsung and SK hynix, which brings together the 73% of global DRAM supply.
In addition, it capitalizes on 51% of NAND memory manufacturing
This declaration of intentions by the president of North Korea could affect the plans of the South Korean government, plans which plan to invest 471 billion dollars until 2047 to build 13 new factories which would be added to the 21 already existing in order to to continue to maintain its privileged status. position in the memory market, SK hynix and Samsung being the main advantages of this plan, since they are the two companies that dominate this sector.
