In the runup to his third meeting with North Korean Chairman Kim Jong Un next month, South Korean President Moon Jae-in pledged to take bold steps towards denuclearization and reconciliation with North Korea.

In particular, President Moon said the North’s economic revitalization will be a “difficult process,” but spoke promisingly about the long term prospects for inter-Korean integration. In these remarks, he cited a study estimating that cooperative ventures between the North and South could yield USD$150 billion over the next three decades.

Advancing towards this ambitious goal will require North Korea to disentangle