Her theory was that reunification of the Koreas would be very messy given the economic disparity between the two nations, and that SK doesn't want it.
That being said I would hope that NK actually goes along with joint projects with its neighbors. Not like the aid will stop if they're more amicable.
The politics become a bit less rough if we're still talking about 2 regimes I think
[0] https://www.google.de/amp/s/www.forbes.com/sites/ljkelly/201...
I am not saying the reunification wasn't worth it but it was much more difficult than people may think.
So to sum my points up: I could totally be in the South Koreans interest to reunify in order to buy cheap property in the north (and at the same time a very good reason for North Koreans to not want it, even though they would gain an immediate financial benefit through it).
Public land in the GDR is now owned by the German state.
"some profitable companies"
Most companies were transfered to an institution ("Treuhandanstalt") founded by the GDR. Most of these folded, because people in the GDR stopped buying former-GDR products and bought from West companies as soon as the Mark was introduced with a stupid 1:1 exchange rate instead of the real 1:7 (but it got the chancellor reelected). Additionally all export markets in Eastern Europe broke down. Imagine a company losing ALL it's customers and in the need to find new ones while still having thousands of employees. I'm not sure many companies today would survive this.
With an 1:1 exchange rate no company was profitable, most due to not enough machines working and too many people (many machines were run down in the 80s and couldn't be repaired). Funny story from former left-terrorist (RAF) members who fled to the GDR and when working in companies there (VEB) thought "this never works" because the whole company owned one xerox.
I don't think NK has a lot of functional companies though, with most people being farmers, so this should be mood.
I'd also ensure basic human rights are currently being addressed. I don't have a solution for past violations, that's a tough issue.
Basically, I'd go with the China model.
Also, German unification was a huge burden on all of Europe, not just Western Germany.
S. Korean leaders may publically speak about the desire for reconciliation, but it's unlikely that they would seriously pursue it considering the economic and political strain it would place on S. Korea.
N. Koreans have a much greater interest in reunification than the South does. But that interest doesn't extend to those in power in the North who would certainly be reluctant to give up that power.
So while reunification might seem like a nice sentiment, it doesn't seem like something that those in power of either side actually want.
Long-term I'm sure it would be profitable, but would South Korea dare make that investment in their current period of tremendous growth? The opportunity cost loss is massive. Would US/China help invest?
In principle, I would not make the government pay for anything significant and it would sort itself out.
[0] https://tradingeconomics.com/south-korea/youth-unemployment-...
Perhaps a slow process that starts with closer economic and social ties?
Why? Societies/nations/etc always change. Given the state of NK, what's shocking is that it didn't happen sooner.
> I'm not incredibly familiar with the situation as it stands, but is re-unification a legitimate possibility?
Reunification is inevitable just like it was between east and west germany. The only question is when.
In the meantime, if all goes to plan, it looks like the koreas + US/China are going to officially end the korean war and relations between north korea and south korea + US are going to be normalized and we will ostensibly get the "unofficial" end of the cold war. Of course the biggie being north korea giving up their nukes.
I'm not incredibly familiar with the situation as it stands, but is re-unification a legitimate possibility? I mean, I don't see Kim Jong-Un giving up power, but I could see them wanting to claim re-unification at least from a cultural perspective, like they did in the Olympics.