Korea's New Deal

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Summary

Lee Myung Bak presented to the country his idea of booming Korea's economy when he becomes President. This idea was the "Canal," so called Korea's New Deal. His idea was to build a canal that strengthened throughout the country with underground tunnel so that people can travel through them. Not only would this canal be connected to South Korea, but to Shanghai and Japan.

This idea was not only to make a new transportation for the people, but to boom economy through new job offers and business, such as tourism.

Because there are many critics that reject the plan because of the negative effects that may be caused due to this project, President Lee will need to think of another way to bring up the economy. Lee lost many support from the citizens after his election.

My Opinion

I believe the canal is a great idea to boom the country's economy. Not only will the economy will grow, but a new image of the country will rise. As we talked about it class, I realized that Korea really lacks a strong image anything. For the past few years, Korea strived to become a combination of the world, a little bit of America, Europe, and Asia. As a result, it became nothing but a "wanna-be."

I believe the canal will bring a stronger image of Korea. It will create a unique attraction in tourism. Although Korea isn't the first country to make a underground tunnel, (Hong Kong has one already,) it is a great idea to bring more tourists. The canal will provide foreigners to come to Korea and have a tour around Korea from north to south of the country. This canal will not only allow foreigners to travel around the country but also bring connections to other Asian countries. This will be a great opportunity for travelers to have easier and cheaper access to neighboring countries.

The environmental issues are a great hindrance for this project. There can be accidents such as oil spills, in the river which can affect drinking waters and etc. However, I believe this canal project is like a new business of the government. Business needs to take risk. And government should take responsibility of their business such as preventing accidents and the outcomes of this project. It is a big investment with great opportunities ahead.



Entry #8 - 20600770
Resource - Cnn.com "Korea's New Deal"