II

II. THE MANY FACES OF LOVE IN ROMEO AND JULIET
II.1 LOVE REPRESENTED AS A UNIFYING FORCE
William Shakespeare shows in Romeo and Juliet a man and a woman who go through an overpowering love. This feeling is presented in literature from various angles. Thus, over time, we could find different ideas which highlight the theme of love. In Romeo and Juliet love appears on three stages: love as initiation, love as passion and tragic love.

Love as initiation is captured in the first part of the play. When Romeo goes to the Capulets’ feast, he hopes to see Rosaline, the girl he was in love with. He risks everything when he decides to go there, because a Montague is not allowed to join such a grand event organized by the rival family. He follows his heart and goes there. But he doesn’t want to show his true face, which is part of his identity, so Romeo choses to wear a masque. At that moment, Romeo is “a failed lover, more in love with the melancholy image of himself that failure has engendered than with his presumed beloved, Rosaline”. Even if his intention was to meet Rosaline, Romeo sees a beautiful young girl who makes his heart beat very fast. He doesn’t hesitate and goes to the mysterious girl. It was love at first sight for sure. It is amazing how powerful develops this love at first sight. In the moment they met, Romeo follows the formalities of the Veronese society and his talk resumes only to compliments. Thus, in the first scene of the play Juliet is a young obedient girl, she knows nothing about love and men. Thus, she follows her heart and answers to Romeo’s compliments. The next step they make is sharing a kiss. This first kiss is asked by Romeo and it seems to be given rather than shared. It wasn’t a shared kiss because in Juliet’s head appears the image of her authoritarian father who would never agree the thing that his only daughter, his treasure, shares a kiss with the enemy’s son. Thus, Romeo is Juliet’s first love. In the moment they met, she sees her destiny in a second and follows her heart without hesitation. In time, when love becomes bigger and bigger day by day, kissing is not a sin anymore, but a reciprocal act. This act gives Juliet control and certainty.

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What brings the two lovers together is the love of soul which unifies them. They first see each other’s beauty of their souls and fall in love immediately. Their souls are pure and innocent especially Juliet’s, who is just fourteen years old. Juliet is just a child and the idea of experiencing love sounds good for her. Their love in the first part of the play is also spiritual. William Shakespeare reinforces the purity of Romeo and Juliet’s love using religious imagery. Romeo sees Juliet’s hand as a “holy shrine” and he wants just to profane it. The metaphor of the pilgrim highlights the fact that Juliet is the saint icon for Romeo and he is the pilgrim who glorifies her. In the first act this metaphor appears through the lovers’ first kiss: “My lips, two blushing pilgrims, ready stand” (Act I, Scene V, 93). Romeo is ready to touch the “holy shrine” with his mouth and to pray in front of it begging Juliet to “let lips do what hands do” (Act I, Scene V, 101). They feel this unifying force of love from the very beginning of the play, when they don’t know each other but they experience a unique feeling. In the first act, scene V, Romeo and Juliet meet. They both realize the danger of the two houses they expose to, but they don’t give up. They let things flow naturally and believe in their destiny.
Romeo and Juliet see more than their souls, they feel physical attraction. One particular passage shows that Juliet sees Romeo’s body parts and his physical traits: “What’s Montague? It is nor hand, nor foot, / Nor arm, nor face, nor any other part / Belonging to a man” (Act II, Scene ii, 42-44). Romeo also alludes to Juliet’s virginity showing his sexual desires. Their attention focuses more on physical traits because the intimate love-moments unite the body and the soul too. The two lovers experience love “as an immediate and absolute demand, with which there is no possibility of compromise”.
Love as passion is one of the most imposing step of love in Romeo and Juliet. It is characterized by strong attraction between the lovers from the first moment they see each other. Also the existence of obstacles, the Montague and Capulet families and Veronese society could break the connection between Romeo and Juliet. Thus, the two lovers know that their love is stronger than anything and, by breaking some crucial rules of the community in which the two lovers live, love acts as an unstoppable force. Romeo feels now that “is beloved and loves again” (Act II, Prologue, 4). In this euphoria of passionate love, they didn’t think that love could be the one which can bring their death. Moreover, they live every moment at high intensity, as if it is the last moment. At every meeting, Romeo and Juliet touch with supreme love. It isn’t about a kiss anymore but nights spend together. They unify their bodies and unite their souls forever after their wedding. The Nurse supports their marriage: “Go thy ways, wrech; serve God” (Act II, Scene V, 44). They want God’s blessing before having sexual relations. Romeo and Juliet are religious and they know that a communion before the wedding is unacceptable. They feel peace in their souls after God’s blessing. The sexual consummation brings them physical joys which feed their marriage and maintain the passion in their lives. Now that the barrier falls, they feed their passion with romantic moments. Even if Juliet is just a girl in her family’s eyes, she has sexual needs. Moreover, the communion with Romeo makes her mature. If in the first scene she was a young obedient girl, after the marriage she is a woman self-possessed, mature. Thus, in her wedding night, Juliet anticipates that this one will be followed by her death. For Juliet, a short marriage with Romeo is better than a long one with Paris. The passion of love with Romeo will remain in eternity. Though, in a marriage with a person she doesn’t want in her life, the passion transforms in domesticity. This life would bring her sadness, not happiness.
Romeo and Juliet are also separated by circumstances and their marriage is in danger. When Romeo kills Tybalt, Juliet’s cousin, the Prince exile Romeo. But this distance imposed between the lovers is required to check their feelings, and, at the same time, to keep their intensity. Romeo and Juliet know that their feelings are so strong. In these moments they both think what to do in order to be united again. In Romeo’s head there is a fight, the first thing he wants to do when he’ll be allowed to come back in Mantua is to see his lover’s face. Thus, Juliet takes an extreme decision. She proves to be very brave when she decides to drink the potion. Not every girl would drink a potion she knows nothing about. The love transforms in “a consuming love, and in shortening the original time-scheme Shakespeare greatly increases the intensity”. But Juliet’s love makes her do this extreme step because she knows that it’s the only solution if she wants to escape from the unwanted marriage with Paris. So she is tempted to be dead for a short period if it’s worth it. The death of Tybalt opens the series of misfortunes which tortures the lovers. Thus, the love they carry one to another cures their souls and makes them think in a positive way. They look to their future together, and to new developments.

The tragic love starts in Romeo and Juliet with their names. But, “what’s in a name?”. In this Shakespearian love-story, in a name is everything. When she hears Romeo’s family name, “Juliet immediately foregrounds the complex social circumstances that any relationship between them must negotiate.” She is conscious that her love comes from her hate. Romeo also excuses himself: “My name, dear saint, is hateful to myself/ Because it is an enemy to thee” (Act II, Scene II, 55-56). Romeo and Juliet know that the world wouldn’t accept their values and they decide to deny their names, “as though the physical separation did not exist”. Moreover, there may be the names which connect them so much. They could be attracted by the danger their names involve. This unites them more; they want to prove the Veronese society that they can heal the feud just by marrying the enemy.
Friar Laurence is the one who advises Romeo to think twice about his decision to marry Juliet. He is aware of the consequences of this marriage. Thus, Friar Laurence is a religious man. He is sure that the two lovers’ marriage will unite them in front of God and, in consequence, it will end the conflict between two families. Throughout the play, the Friar is very optimistic and really hopes that the young lovers will put an end to their fathers’ feud. Through marriage, the love which acted in the entire play as a unifying force unites Montague and Capulet households. God made possible this union. If they lived their entire love-story in secret, without marrying each other, Romeo and Juliet would have never stop the fray of their fathers.
Romeo has a special relationship with his beloved Juliet, but to highlight this idea, we can make a parallel between him and Hamlet, another Shakespearian character. It is true that they are similar, and we have many reasons to say that “Romeo is Hamlet in love”. Both live in their own world of imagination. Hamlet is detached from everything, while Romeo is absent, but present in his relationship with Juliet. He is completely lost in it. Romeo “is himself only in his Juliet; she is his only reality, his heart’s true home and idol. The rest of the world is to him a passing dream”. Romeo’s entire universe focuses only on Juliet. She benefits of Romeo’s whole attention and eternal love.
Hamlet loves Ophelia. Romeo loves Juliet. Both of these boys love a girl but they are not allowed to be together with her. Romeo and Juliet are forbidden to be in love with each other. They cannot even think that they can ever have a relationship in the eyes of the Veronese society, because Romeo is a Montague and Juliet is a Capulet. Moreover, in Hamlet’s case, he and Ophelia are forbidden to stay together because Ophelia’s father thinks that Hamlet in crazy. Hamlet loves Ophelia, but he does it with ruthless lucidity. He is aware of her mediocrity; he suffers when he attends, from shadow, at the talk between her and the King, Queen and her father, Polonius. In that understanding she offers to report to them all Hamlet’s deeds and words. He also loves and hates her, as being cheated and heart broken in the same time. Hamlet knows that even after her betrayal, when he was heart-broken, he will continue to love her. He sees in Ophelia the woman who falls down. Hamlet is conscious, that she is actually a common woman and not an exceptional one. He wants to change Ophelia into the woman he decides to love, while Romeo loves Juliet as it is, with her good and bad parts. Romeo sees Juliet as he wishes to be, that is why sometimes we “feel that Romeo is in love with the idea of being in love”. For Romeo, Juliet is perfect, she has no defect. He is crazy in love with Juliet’s perfection and beauty and their love prove to be the force which unifies them. Hamlet sees, while Romeo is blind.
In Romeo and Juliet, erotic speeches are mystical-religious. For each of them, the other represents the absolute, a surrogate God whose purpose is to offer happiness. Actually, in their case, happiness is there, in its maximum dimension. They are united by God in marriage. More is not possible, better does not exist. In Hamlet, Ophelia’s death accentuates Hamlet’s tragic side. His hate for her ends with her physical disappearance. There remains just a real and profound love. Ophelia pursues Hamlet down the long road of ages, while Romeo and Juliet go hand in hand. The death of Romeo and Juliet preserves the illusion; they raise their dream by removing it from temporality, even if for that they must kill the idea of being happily ever after. Overtime, not Hamlet and Ophelia, but Romeo and Juliet remain prototypes of absolute love.

II.2 LOVE AS A TRAGIC MATTER
For Romeo and Juliet to be a tragedy, it must have a tragic hero. In Shakespeare’s plays, tragedy is seen as a story which contains an unhappy end. Moreover, a tragedy leads to the fall of the protagonist, which is tragic too. In this Shakespearian play, there are two tragic heroes, Romeo and Juliet, both being the main characters. To be tragic heroes, they must have a high estate and a tragic flaw which is the cause of their destruction.
A tragic hero belongs to a well-known family of wealth or he has, as a person in society, a high status. Both Romeo and Juliet’s names have high significance. Juliet is a Capulet, a notorious family. Thus, this family doesn’t have a status as high as the Motagues. Romeo is a Montague. The readers find out that the Montagues have a higher status than the Capulets when Benvolio highlights it: “My noble uncle” (Act I, Scene I, 141). So the Montagues seem to be a noble family. As introduces in the prologue, Both Montague and Capulet families are well-known merchants, they have large houses and many servants. Furthermore, they are famous in the Veronese society.
Tragic heroes have also to carry with them a tragic flow. Thus, in this play, both Romeo and Juliet have this tragic flow. In Romeo’s case, his tragic end comes because he doesn’t think before he does something. He listens just to his heart instead of thinking twice. He could balance all the consequences he knew he had to endure after his decisions. Even when he sees that Juliet is dead, he rushes to kill himself. Thus, in his last moments of life, when the poison made its’ effect, he sees Juliet is alive. Then he realizes that he made a mortal mistake just because of his rush. He regrets his act of love but it is too late. Romeo proved to be a slave of passion, killing himself for Juliet, his love.

Moreover, when Romeo falls in love so quickly with Juliet and totally forgets about his feelings for Rosaline it is more that obvious that he is unstable. He concentrates only on Juliet, Rosaline becoming just a memory in a flash. He is blinded by Juliet’s rare beauty and his love for Rosaline is erased. Juliet sees that Romeo’s falling in love with her was too fast and she is conscious that “It is too rash; too undvis’d, too sudden” (Act II, Scene II, 117-118). We can say that Juliet is more mature and stable. Thus, this love at first sight is the real energy of the tragedy.

In Juliet’s case, she is too loyal to Romeo and this thing makes her a tragic hero. Her loyalty is very well represented in the moment when she sees that Romeo has poisoned himself. Maybe because she knows that she could be the cause. For Juliet, Romeo’s act of heroism makes her kill herself without hesitation, just because she cannot conceive her life without him. These tragic flaws are the cause of Romeo and Juliet’s destruction. Both of them illustrate all the tragic hero’s characteristics in the Shakespearian play.

Since dawn of civilization, many wars, struggles, conflicts, and rebellions, have been fought because of Society. This conflict is a persistent theme in Shakespeare’s Romeo and Juliet. In the play, Romeo, Juliet and the other characters must decide if they should follow their individual desires, or follow society’s will. However, various individuals go against well-known rules and regulations in Verona. The characters deal with pressure from Family, Government and Religion.
Romeo is an individual who goes against the ideologies of Verona’s society. He is against society because he is a Petrarchan Lover, “at the start of Romeo and Juliet, this is the character type that Shakespeare is making fun of when Romeo is drooping all over the stage for the great love of his life… Rosaline”. Despite the long feud between the Montagues and the Capulets, Romeo still wants to follow his heart and takes the risk, “I’ll go along no such sight to be shown, / But to rejoice in splendor of mine own. ” (Act I, Scene II, 102-103). He also goes against his father’s wishes when he secretly marries Juliet. Firstly, the Renaissance Era in Verona restricts Romeo from being with Rosaline then with Juliet. Thus Romeo falling in love and marrying Juliet destroys the prosperity in Verona and starts the real conflict between the individual and society. Because of Romeo, Juliet chooses to die: she is overwhelmed by Romeo’s charm, they fall in love and get married, Juliet refuses to marry Paris, she takes a potion that makes her look dead and takes her life when she sees Romeo dead. So Juliet’s actions and death are all due to Romeo. Romeo also causes the death of many noble men. When Tybalt looks for Romeo, Romeo doesn’t want to fight but in his place fights Mercutio and dies. Only when he sees his close friend is dead, Romeo fights and kills Tybalt. He also kills Paris, the man Juliet was supposed to marry to.

Juliet deals with pressures from her family. She disobeys her parents’ wishes to marry Paris: “Not proud you have, but thankful that you have. / Proud can I never be of what I hate, / But thankful even for hate that is meant love.” (Act III, Scene V, 146-148). In this scene, Juliet is informed of her arranged marriage with Count Paris. She says the aforementioned quote to Lady Capulet to express her individual opinion that she does not wish to marry Paris. Lord Capulet disagrees with her, however: “How, how, how, how? Chopped logic! What is this? / “Proud,” and “I thank you,” and “I thank you not,” / And yet “not proud”? Mistress minion you, / Thank me no thankings, nor proud me no prouds” (Act III, Scene V, 149-152). Even if she tries to make her parents change their mind she fails. As Lord Capulet is the head of the House of Capulet, this is essentially a societal institute (family) conflicting against the will of an individual (Juliet). Thus she plans with Friar Laurence to fake her death because she doesn’t want to marry Paris and she thinks that this is the only solution: “I will not marry yet. And when I do, I swear / It shall be Romeo, whom you know I hate, / Rather than Paris” (Act III, scene V, 121-123).
The characters of Romeo and Juliet sometimes find themselves conflicting with Friar Laurence, a representative of the Church, and also conflict with the values that the Church adheres to. For example, Juliet once sees Romeo as a god, and says, “Or, if thou wilt, swear by thy gracious self, / Which is the god of my idolatry” (Act II, Scene II, 113-114). This conflict with the Church is unforgettable, as in Exodus is written “Do not have any other gods before me” (Exodus 20:3) and “You shall not make for yourself an idol, whether in the form of anything that is in heaven above, or that is on the earth beneath, or that is in the water under the earth” (Exodus 20:4). So the human being is not allowed to create any other gods, but to believe in the existent one.
Even Friar Laurence is in conflict with Society. He helps Romeo and Juliet and goes against Prince’s wishes. However, Friar Laurence advised the two lovers to love with moderation but they ignored this advice and made him part of their actions. Friar Laurence also disobeys the Capulets and Montagues when he marries Romeo and Juliet. He goes against Society (the Prince) because he plans to bring Romeo back in Verona after he was banished. He wants just to make the two lovers happy, to live their love as they wish and to break the feud between their families.
Prince Escalus tries to break up the fight between the houses of Montague and Capulet. As the Prince is the head of Verona’s civil government (another societal institute), he is therefore imposing his will, and by extension society’s, unto the will of the fighting members of both houses. He and society are conflicting with the individuals’ will to fight: “Rebellious subjects, enemies to peace, / Profaners of this neighbor-stainèd steel!— … Your lives shall pay the forfeit of the peace. / For this time, all the rest depart away “(Act I, Scene I, 71-78). His words have no effect. It is the sacrificial death which will end the feud between the Montague and Capulet houses.

I think that individuals should have more freedom within society. However, their freedom should also be limited if it poses a danger to society as a whole, or to their well-being. Conflicts between an individual and society can be seen throughout Romeo and Juliet, as its characters often find themselves choosing between individual desires and bowing down to society’s demands. They mostly conflict with their family, their religion, and their government. Juliet’s desires is suppressed by her father. The characters constantly go against the values of the Church, and the government suppresses the Capulets’ and Montagues’ wish to fight. The struggle between the individual and society started since human civilization existed (and is recorded in various works of literature and art), and will continue as long as civilization exists.

II

II. Review of Related Literature
In an article by Alonzo L. Hamby states that the disapproval for Korea went up quickly than Vietnam in the involvement of the Americans in both wars. After a few months, the disapproval for Vietnam increased but it took more than a year for it to reach Korea’s peak point. The differences between Korea and Vietnam’s nature were vast. The protest against Korea was because they were against by what the country considered as administration bungling and they did not agree on the no-win policy and that they wanted more strong resistance against the American Foreign Policy. On the other hand, the protest against Vietnam was more centralized on a “political left” with regards to the moral depravation of the American foreign policy. Both the Korean and Vietnamese conflict played a role as a catalyst in helping change the direction of the American foreign stands since they believed, especially Korea, that the American foreign policy was flawed due to its belief on global communism as an unchanging entity. Ever since, the Americans were dominant of the United Nations. This went far til the World War II era and as a result of this war, Americans were now able to accept they had a vital role in the world affairs and this was not to manipulate other countries.
In another article by G. E. Makinen, production was the foundation of both of the countries and they trade was an open- market variety but not one of them had the necessary resources to attain economic stability. The economy’s agricultural sector had low rates of gross national products outside the country which made taxation quite difficult thus resulting to price inflation. First, there was a serious inflation in Korea that was because of the lack of budget for the country’s economy. The decrease of the country’s government insufficiency huge amounts of products were either sold at prices lower than those existing in the marketplace. In the middle of the years 1956 to 1965, there was a decrease of Vietnam’s economic stability which caused to the country’s mild inflation. As months past, the increasing of prices was consistent til the year 1966. It is because of the dominance of the government that Vietnam up to this day is considered as a poor country. Even though there were protests against the rule an authoritarian kind of government there were still people who continued this selfish act. Today, since Vietnam is considered as one of the poor countries in the world due to the government’s corruption, lack of education, lack of health care programs, work ethics and economic development. They knew they had to do something to try to keep up with the country’s ongoing development. The government had to find ways, options to keep the country and the country’s economy intact.

Free Trade Agreements (FTAs) have turned out to be more and more prevalent since the middle 1990s as a strong instrument to encourage exchange. In the year of 2016 the combined variety of physical FTAs in compel was more than 200. In order to promote global exchange, some of the Vietnamese authorities have progressively developed the quantity of FTAs with its other trading partners. As of the start of year 2017, Vietnam has been marked eleventh FTAs. Six out of eleven FTAs were countersigned as an individual from ASEAN Free Trade Area (AFTA).
International trade plays a very crucial role in the state basically because not any other state has everything that its people need and want. There would be a lesser need for trade if each country in the entire world had enough or had more than enough resources to meets its people’s need and wants. Buying and selling of goods, products and services affects the world economy. It enables the countries to get some things that we can’t produce. In addition, international trade can even have an effect in the life of the individual because it has an important aspect in living up to one’s standards and providing employment. The agreement covers change in service like finance and telecommunication, exchange in goods like removal of tax and tax reduction, investment and many more. The reduction of trade barriers and also the creation of a more stable, straightforward and transparent trading and investment environment make it easier and less expensive for companies to send out their products and services to trading partner markets.

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Trade impacts of a Free Trade Agreements have widely been known and acknowledged amongst students to include static and dynamic results. Analysis of static impacts is frequently based totally in the concept of customs union and is influenced by way of Viner (1950), who furnished a conceptual framework for reading the change results of a FTA. Besides the static outcomes according to Viner, Free trade agreements also result to dynamic effects that take a lot longer time to be apparent to the economy but has a tendency to continue on providing benefits even after the withdraw of a country from a Free Trade Agreement. It promotes cooperation within the country and within the areas of creating jobs and sustainable development. Helping in a way of creating opportunities for nations especially for developing countries, in harmonizing trade policies and reforming them. Free trade agreements also allows companies to acquire Competitive advantages by making many different types of business models such as, expanding exports and utilizing preferential tax rates, import goods from FTA trading partners rather than from other non-FTA partner countries etc. In each of these models there must be points and strategies that the companies must be able to look out for. In expanding exports, one must first identify preferential tax rates of the free trade agreement partner country next is to check whether or not products meet the rules of origin.

Some examples of Free trade agreements are ASEAN Free trade area, Pacific Alliance, Gulf Cooperation Council and many more. ASEAN was first formed in 1967. The ASEAN Free trade agreement came into force on January 1 1993, and in the year 2010 Malaysia with five other ASEAN member states is considered to ba complete free trade area which have eliminated their import duties. In November 2004, negotiations for Korea and ASEAN was launched and obviously came before the Vietnam-Korea Free trade agreement. ASEAN has actually become Korea’s 2nd largest trading partner in 2011 and it has reached over a $100 billion in 2012.

In the middle of the 1980s, during Doi Moi’s regime Vietnam has been reformed into a highly centralized command economy to a mixed economy. And as a part of having a mixed economy there will be an equal distribution of power or control which means that the government will have less regulation and the private market will have the freedom to operate, expand and grow. However, there will be a problem in finding a balance between big issues between equality and the market freedom thus can lead to poverty. According to the International Monetary Fund, Vietnam’s gross domestic product increased by more than 6 percent in the year 2013 and that the country was being supported by both the increase of foreign investors and exports in the country. According to an interview by the Vietnam News Agency, Vietnam will have a pioneering chance to promote and sell products such as garments, footwear, wooden furniture etc. to the Republic of Korea. The reason behind why both Korea and Vietnam agreed to sign into this agreement as to what the Deputy director of the Vietnamese Ministry of Industry and Trade said that it would be possible if both of the countries, Vietnam and Korea, had linkage to increase bilateral trade volume to $100 billion by 2020. He then suggested that governments should ought to support organizations and business in taking advantage of preferential commitments to attract investment. With the given results in the conducted study one could say that the foremost immense result of Korea’s association in Vietnam is to be found within the economic area, and other totally different changes within the domestic and universal stance of present government. Vietnam and Korea plans to establish a clerical stage committee and under it are the sub-committees for food safety, trade defense and customs. When Vietnam-Korea free trade agreement began, it was first proclaimed on the August of 2012. Their first deliberation round took place on the October of 2012 and there were many deliberations that were passed before the actual Vietnam-Korea free trade agreement was declared on December 2014. In the past four years, in 2014, Korea is considered as the third trading partner of Vietnam after China and US.
Vietnam-Korea Relations
The Free trade agreement between Vietnam and Korea covers a huge variety of components which include goods and service liberalization, measures on food hygiene and protection, investment, change protection, economic cooperation and legal matters. In the occurrence on the Vietnam-Korea Free trade agreement, according to some studies that was conducted in 2015, both Korea and Vietnam, according to Nehru, 2015 is expected to have positive social effects by giving more opportunities for Vietnamese workers and help with Vietnam’s problem in poverty in rural areas. The VKFTA agreed to help Vietnam improve on their implementation capacity, formulating a policy and also help the country improve their competitiveness. This VKFTA says that it promotes opportunities on investment and trade & economic growth for both countries. Companies such as the Korean Trade investment Promotion agency, Korea Chamber of Commerce are expected to have a more vital and active role in Vietnam’s economic development in the future that will somehow act as an agitator for an increase in Korean investment merely because Korea’s economy is considered to be the third largest in Asia. It has remained to be one of the fastest growing developed countries in the entire world. Bilateral economic relations among Korea and Vietnam have attained fast development thanks not solely to their geographic proximity, social and cultural similarities and corresponding economic structures but also to the active efforts of the Korean government to help and contribute in the improving economic infrastructure and investment environment in Vietnam as well as to establish a solid foundation where it will be beneficial in their cooperation through the Official Development Assistance to Vietnam.

Korea and Vietnam are considered to be the perfect ideal partners in many points of view. v. And according to the said agreement this import can have a zero tax rate when it is shipped to the North Asian Market. According to Petri and Plummer on their in 2014 about Vietnam and Korea’s free trade agreement, Vietnam is the first partner of Korea under the free trade agreement with which its important export categories like fish, pivotal aqua-products of shrimp, industrial products of garment etc are offered new opportunity by the Korean government if they will reduce and eliminate tax. Korea adds that they commit to grant market place access in service and investment and agreed to foster economic cooperation and technical support on some diversified sectors. They also open their market place for products such as honey, garlic, ginger, giving vast opportunities for Vietnam in competition with different exporters from the region.

Many countries have agreed to include themselves in to Free Trade Agreements with its continuous expansion in both Asia and some parts of the Pacific Region. South Korea companies like Samsung and, gave a big amount of investment intro Vietnam and currently Samsung is now Vietnam’s largest exporter and has really helped the country attain a trade plethora for the very first time in many years. The VKFTA is expected to bring about many positive benefits to Vietnam. Korea has always been one of Vietnam’s best trading partners based on 1992 while Vietnam was considered to be Korea’s fourth-largest export in 2015. Korea was able to maintain its position as one of Vietnam’s best 5 trading partners for the past 15 years. Vietnam as considered to be Korea’s largest exports market for the goods of the industry. As an effort to develop this strategic partnership that was established between Korea and Vietnam, the trade ministers of Korea and Vietnam involved themselves and their countries to a free trade agreement. This Vietnam-Korea free trade agreement (VKFTA) was signed on the 20th of December 2015 and they aim to increase their bilateral trade between both the countries to US$70 billion by the year 2020 and also to attract Korean investors on their management expertise and technology. Joining this Free Trade Agreement has helped Vietnam improve the country’s trade efficiency since according to the Foreign Investment Agency under the Ministry of Planning and Investment, South Korea is Vietnam’s largest investor with over $35 billion in more than 4,200 projects and also one of Vietnam’s main export partners with 5.3% of $6.4 million of exports in the first few months of 2015. Under the VKFTA, both of the country’s companies will benefit from reduced taxes which means that it will improve their economy by increasing sales (more buyers will be enticed to spend their money). However, since imported goods are now more saleable people would be more willing to buy imported goods than local goods which will also affect the local manufacturers. Some Vietnamese Companies view the Republic of Korea as an established marketplace. Then comes the Vietnam-Korea Free trade agreement that will likely assist the company increase its exports by using lower tax rates and also by securing more partners.
Prime Minister Dung and President Park said that the Vietnam-Korea Free trade agreement does not only focus on improving the economy but also to deepen the relationship of the two countries’ participation on security and defense problems.
Considering all the positive effects of the Vietnam-Korea Free trade agreement to the country of Vietnam, it also presents numerous challenges. . Joining the Free Trade Agreement there must some challenges that you should take into consideration. First, from a social welfare perspective a Free Trade Agreement is not considered as the first best choice due to its nature of discrimination and other countries that are not involved or included in the Free Trade Agreement. Second, it causes a diversion of trade thus it can reduce welfare which is absolutely not good for the country’s economic stability. Lastly, since participation is now more visible in the country then this can lead to a Spaghetti Bowl Effect, where the increasing number of Free Trade Agreements between countries slows down trade relations between them. It is therefore important that in order to have a more effective FTA to involve all parties that will be impacted by the said agreement before it comes into action. Companies may need to reform in order for them to enhance their strategy skills and also to involve themselves in both regional and international production networks. Also, one of the many challenges that may be encountered is because of having lower tax rates this will put more competitive pressure on Vietnamese enterprises or in other words, some manufacturers in their economy. Local authorities, as said earlier, must be aware of the country’s consolidation process and the implication of the Vietnam Korea free trade agreement to be able to utilize the advantages and avoid or somehow minimize the negative effects of the said trade agreement. State agencies should make small adjustments on legal regulations that are in line with the global standards while enhancing the employees work capacity. Some related studies claims that the greatest challenge in the business sector is rising competition when Vietnam and Korea companies offer the consumers countless choices of products at extremely lower costs.

At this point, I conclude that the Vietnam-Korea free trade agreement has benefited both Korea and Vietnam in somehow similar but different ways. Vietnam, though, is still a less developed country however I could say that it is in the process of developing itself. Vietnam through the help of the Vietnam- Korea free trade agreement has had rapid growth both in economic and development and it has transformed it from one of the most poorest countries to the one of the world’s lower middle income country. The country’s performance has been strong through the past ten years. Even though Vietnam has not achieved being an independent country, it still remains positive especially on its growth and economic stability. Over time, the country is experiencing rapid increase in population which is also rapidly aging and there is the emergence of the middle class (bourgeoise) in the year 2006. Compared to the past years, Vietnam today is more educated and revitalized.

Bibliography
Kim, “South Korea’s Involvement in Vietnam and Its Economic and Political Impact.”
Kim, Se Jin. “South Korea’s Involvement in Vietnam and Its Economic and Political Impact,” n.d., 15.Hamby, “Public Opinion.” Hamby, Alonzo L. “Public Opinion: Korea and Vietnam.” The Wilson Quarterly (1976-) 2, no. 3 (1978): 137–41.

Phan and Jeong, “Potential Economic Impacts of the Vietnam-Korea Free Trade Agreement on Vietnam.” Phan, Thanh Hoan, and Ji Young Jeong. “Potential Economic Impacts of the Vietnam-Korea Free Trade Agreement on Vietnam.” East Asian Economic Review 20, no. 1 (2016): 67–90.
Makinen, “Economic Stabilization in Wartime.” Makinen, G. E. “Economic Stabilization in Wartime: A Comparative Case Study of Korea and Vietnam.” Journal of Political Economy 79, no. 6 (1971): 1216–43.

“The Vietnam-Korea Free Trade Agreement: What Are The Challenges And Opportunities For Businesses In Vietnam? – International Law – Vietnam.” “The Vietnam-Korea Free Trade Agreement: What Are The Challenges And Opportunities For Businesses In Vietnam? – International Law – Vietnam.” Accessed September 19, 2018.
Center, “By Country/Economy – Free Trade Agreements.” Center, Asia Regional Integration. “By Country/Economy – Free Trade Agreements.” Accessed September 20, 2018.
“The Colorful History of North Korea-Vietnam Relations | NK News – North Korea News.” “The Colorful History of North Korea-Vietnam Relations | NK News – North Korea News,” August 2, 2013.

II

II. Review of Related Literature
Free Trade Agreements (FTAs) have turned been progressively pervasive ever since the middle of the 1990s as a successful instrument to develop exchange. In 2016 studies show that the total number of physical Free trade agreements in constrain was more than 200. International trade plays a very vital role in the state basically because not any other state has everything that it’s people need and want. There would be a lesser need for trade if every country in the whole world had enough or more than enough resources to meets its people’s need and wants. Trade affects the world economy. It allows the countries to get some things that we can’t produce. In addition, international trade can also affect the life of the individual because it has an important aspect in living up to one’s standards and providing employment. The agreement covers trade in service like finance and telecommunication, exchange in goods like removal of tax and tax reduction, investment and many more.

According to Petri and Plummer on their in 2014 about Vietnam and Korea’s free trade agreement, Vietnam is the first partner of Korea under the free trade agreement with which its important export categories like fish, pivotal aqua-products of shrimp, industrial products of garment etc are offered new opportunity by the Korean government if they will reduce and eliminate tax. Korea adds that they commit to grant market place access in service and investment and agred to foster economic cooperation and technical support on some diversified sectors. They also open their market place for products such as honey, garlic, ginger, giving vast opportunities for Vietnam in competition with different exporters from the region.

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Trade impacts of a FTA have widely been known and accepted amongst students to include static and dynamic results. Analysis of static impacts is frequently based totally in the concept of customs union and is influenced by way of Viner (1950), who furnished a conceptual framework for reading the change results of a FTA. Besides the static outcomes according to Viner, FTAs also result to dynamic effects that take a lot longer time to be apparent to the economy but has a tendency to continue on providing benefits even after the withdraw of a country from a Free Trade Agreement. It promotes cooperation within the country and within the areas of creating jobs and sustainable development. Helping in a way of creating opportunities for nations especially for developing countries, in harmonizing trade policies and reforming them. But in the other side of the book, joining the Free Trade Agreement there must some challenges that you should take into consideration. First, from a social welfare perspective a Free Trade Agreement is not considered as the first best choice due to it’s nature of discrimination and other countries that are not involved or included in the Free Trade Agreement. Second, it causes a diversion of trade thus it can reduce welfare which is absolutely not good for the country’s economic stability. Lastly, since participation is now more visible in the country then this can lead to a Spaghetti Bowl Effect, where the increasing number of Free Trade Agreements between countries slows down trade relations between them. It is therefore important that in order to have a more effective FTA to involve all parties that will be impacted by the said agreement before it comes into action.

In the occurrence on the Vietnam-Korea Free trade agreement, both Korea and Vietnam, according to Nehru, 2015) is expected to have positive social effects by giving more opportunities for Vietnamese workers and help with Vietnam’s problem in poverty in rural areas. The VKFTA agreed to help Vietnan improve on their implementation capacity, formulating a policy and also help the country improve their competitiveness. This VKFTA promotes opportunities on investment and trade & economic growth for both countries. Companies such as the Korea Trade investment Promotion agency, Korea Chamber of Commerce are expected to have a more vital and active role in Vietnam’s economic development in the future that will somehow act as an agitator for an increase in Korean investment.

Many countries have agreed to include themselves in to Free Trade Agreements with its continuous expansion in both Asia and some parts of the Pacific Region. South Korea companies like Samsung and, gave a big amount of investment intro Vietnam and currently Samsung is now Vietnam’s largest exporter and has really helped the country attain a trade plethora for the very first time in many years. The VKFTA is expected to bring about many positive benefits to Vietnam. Korea has always been one of Vietnam’s best trading partner based on 1992 while Vietnam was considered to be Korea’s fourth-largest export in 2015. Korea was able to maintain its position as one of Vietnam’s best 5 trading partners for the past 15 years. Vietnam as considered to be Korea’s largest export market for the goods of the industry. As an effort to develop this strategic partnership that was established between Korea and Vietnam, the trade ministers of Korea and Vietnam involved themselves and their countries to a free trade agreement. This Vietnam-Korea free trade agreement (VKFTA) was signed on the 20th of December 2015 and they aim to increase their bilateral trade between both the countries to US$70 billion by the year 2020 and also to attract Korean investors on their management expertise and technology.. Joining this Free Trade Agreement has helped Vietnam improve the country’s trade efficiency since according to the Foreign Investment Agency under the Ministry of Planning and Investment, South Korea is Vietnam’s largest investor with over $35 billion in more than 4,200 projects and also one of Vietnam’s main export partners with 5.3% of $6.4 million of exports in the first few months of 2015. Under the VKFTA, both of the country’s companies will benefit from reduced taxes which means that it will the improve the economy by increasing sales (more buyers will be enticed to spend their money). However, since imported goods are now more saleable people would be more willing to buy imported goods than local goods which will also affect the local manufacturers.

Prime Minister Dung and President Park said that the Vietnam-Korea Free trade agreement does not only focus on improving the economy but also to deepen the relationship of the two countries’ participation on security and defense problems.

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