Folks, I am still trying to get back in gear with updating Case of the Day involving Asian litigants. Turns out the difficulty of having a newborn in the house rises exponentially when you have two of them! But in the meantime, please enjoy my latest with CNN:
[T]he latest one is a true blockbuster: a joint survey for the Inter-Korean Railway Project. Last week, for the first time in a decade, a South Korean train rolled into North Korea in order to conduct a study on the possibility of connecting North Korea's decrepit railways to South Korea's. If completed, the Inter-Korean Railway Project, estimated to cost approximately $35 billion, will be the largest outside investment into North Korea by a wide margin. When the joint survey was announced, Seoul's stock market soared, with some rail-related companies' shares jumping by over 20% overnight. The fact that the Inter-Korean Railway Project is moving forward is a major departure from North Korea's modus operandi. With the joint survey, North Korea would be revealing the state of its key infrastructure to South Korea -- an unprecedented level of openness.
The Inter-Korean Railway Project truly is a big honking deal. It would be a mistake to look past it just because people are only focused on North Korea's denuclearization.