At the turn of the second millennium, Koreans face multiple challenges at home and abroad. South Korea is still in the throes of democratisation and economic reforms, while North Korea faces food shortages and other economic difficulties. The two Koreas need to manage the unification process so as to bring about national harmony and promote economic prosperity. The Korean people need to devise a new security strategy for a unified Korea to ensure its survival and independence in the early 21st century. This collection is divided into three parts, and each addresses an important issue area confronting the Korean people in the 21st century. Part I examines South Korea's democratisation and economic reforms against the backdrop of the East Asian financial crisis. Part II discusses the problems and prospects for inter-Korean relations and the characteristics of North Korea's foreign policy behaviour. Part III analyses South Korea's security relations with the four major powers at the turn of the new millennium. All chapters are written by renowned experts in their fields and offer valuable insights into the dynamics of the two Korean's domestic politics and foreign policy.