A handout photo made available by the South Korean presidential office Cheong Wa Dae shows South Korean President Moon Jae-In (L) and North Korean leader Kim Jong-Un (R) during their second meeting on the North Korean side of the demilitarized zone in Paju, 26 May 2018 (issued on 27 May 2018).Photo: EPA. A handout photo made available by the South Korean presidential office Cheong Wa Dae shows South Korean President Moon Jae-In (L) and North Korean leader Kim Jong-Un (R) during their second meeting on the North Korean side of the demilitarized zone in Paju, 26 May 2018 (issued on 27 May 2018).Photo: EPA.
A handout photo made available by the South Korean presidential office Cheong Wa Dae shows South Korean President Moon Jae-In (L) and North Korean leader Kim Jong-Un (R) during their second meeting on the North Korean side of the demilitarized zone in Paju, 26 May 2018 (issued on 27 May 2018).Photo: EPA.
William Pesek
Opinion

Opinion

William Pesek

While the world breathes easier with the Trump-Kim detente, South Korea’s economy suffers

South Korean President Moon Jae-in took office in May 2017, but shortly thereafter pivoted from a focus on the economy to North Korean peace. The problem is Moon’s Pyongyang detente has eclipsed all else

William Pesek
William Pesek

Updated: 10:51pm, 10 Jun, 2018

Why you can trust SCMP
A handout photo made available by the South Korean presidential office Cheong Wa Dae shows South Korean President Moon Jae-In (L) and North Korean leader Kim Jong-Un (R) during their second meeting on the North Korean side of the demilitarized zone in Paju, 26 May 2018 (issued on 27 May 2018).Photo: EPA. A handout photo made available by the South Korean presidential office Cheong Wa Dae shows South Korean President Moon Jae-In (L) and North Korean leader Kim Jong-Un (R) during their second meeting on the North Korean side of the demilitarized zone in Paju, 26 May 2018 (issued on 27 May 2018).Photo: EPA.
A handout photo made available by the South Korean presidential office Cheong Wa Dae shows South Korean President Moon Jae-In (L) and North Korean leader Kim Jong-Un (R) during their second meeting on the North Korean side of the demilitarized zone in Paju, 26 May 2018 (issued on 27 May 2018).Photo: EPA.
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William Pesek

William Pesek

William Pesek is a Tokyo-based journalist, former columnist for Barron’s and Bloomberg and author of “Japanization: What the World Can Learn from Japan’s Lost Decades”. Twitter: @williampesek