- asset Deflation
- won Depreciation, and
- Daepodong missile
``In hindsight, the North's missile launches have negatively affected the South's financial markets,'' IBK Securities economist Park Ok-hee said.
Beyond the impact of actual or threatened missile launches, the reality is that national division entails a military confrontation with the North that exerts a continual drag on the South Korean economy. This is largely because the media around the world frame so much of their coverage of Korea in terms of the North Korean nuclear problem, its missiles and the six-party talks. The fact that South Korea has achieved its current level of economic growth is even more remarkable in light of the continuing effect of press coverage about North Korea.