Why China’s Participation in the Korean War in 1950 Still Becomes China’s Political Asset and Brand

The background of the decision of Mao Zedong of the Chinese Communist Party to participate in the Korean War in 1950, and the benefits he gained from it, have become more clearly revealed since the 1990s with the declassification of secret documents in Russia and China. Based on the latest research and declassified documents, this article summarizes the domestic and international benefits and limitations that Mao Zedong gained from participating in the Korean War, as well as the reality of his participation.

Benefits of Participation Revealed by Declassified Documents

1) China’s Domestic Political Benefits and Strengthening of Power

China’s Mao Zedong sought to strengthen the unity and authority of the new Chinese Communist Party regime by participating in the Korean War. China, which had the problem of dealing with the 5.4 million People’s Liberation Army soldiers immediately after the Chinese Civil War, was able to ease internal discontent, unemployment, and social chaos by deploying some of its troops to the Korean Peninsula. Participation in the war was the result of Mao Zedong’s meticulous calculations to expand his personal great power ambitions, international influence, and domestic political position.

2) International political interests and relations with the Soviet Union

In order to receive economic and military support from Stalin of the Soviet Union, Mao could not refuse the Soviet Union’s request to participate in the war. It was also a choice to restore trust with the Soviet Union, introduce weapons for military modernization, and improve international status by joining the UN. It also had the character of repaying the ‘debt’ of North Korea’s Kim Il-sung for supporting the Chinese army from the rear during the Chinese Civil War. North Korea was the strategic rear base of the Chinese army, and spared no effort in providing supplies, weapons, and manpower.

3) Response to security threats

As the United States crossed the 38th parallel and advanced northward, Mao Zedong feared that Western military forces were approaching the Chinese border. In fact, the US blockade of the Taiwan Strait and the advance of the UN forces northward were perceived as immediate security threats to the Chinese leadership.

Major benefits gained from participation in the war

1) Unity and internal integration of the new People’s Republic of China

By sending 2.9 million People’s Volunteer Army soldiers to the war, the problem of excessive manpower after the civil war could be resolved and social discontent could be directed externally. The experience of participating in the war served as an opportunity to strengthen the legitimacy of the Chinese Communist Party’s rule, and led to national unity with the propaganda slogan of “Aiding North Korea against the United States.”

2) Strengthening international status and establishing a great power image

The experience of directly fighting the United States established China as a “great power” on the international stage, and later laid the foundation for expanding its influence in non-aligned countries and the Third World. The propaganda that the United States’ “invincible” myth was shattered became a great political asset both inside and outside China.

3) Strengthening relations with the Soviet Union and modernizing the military

The Soviet Union provided weapons and technical support in return, which later played an important role in China’s military modernization and the promotion of the Five-Year Plan for Economic Development.

  1. The cost and limitations of participating in the war

Officially, there was a huge loss of life, with 300,000 to 900,000 Chinese soldiers killed or wounded. It also took a huge economic toll, and led to the failure of the First Five-Year Economic Development Plan and the Great Leap Forward, deepening national poverty. Mao Zedong himself regretted his decision to participate in the war after the war ended, and his statement that “the Korean War was fundamentally wrong. Stalin should take responsibility” was confirmed in documents released in the 1990s.

The significance of the release of secret documents in the 1990s The release of top secret documents from Russia and China in the 1990s revealed that Mao Zedong’s decision to participate in the war was not simply a matter of supporting an alliance or ideological reasons, but rather a complex set of interests, including domestic political stability, strengthening international status, and strategic relations with the Soviet Union. The fact that Mao Zedong’s unilateral will played a major role in the decision to participate in the Korean War despite opposition from other leaders, and even the evaluations and regrets from inside and outside China after the war are confirmed in documents.

비밀문건해제로 드러난 중국의 1950년 한국전쟁 참전 이유와 이익

1950년 한국전쟁에서 중국공산당 마오쩌둥이 참전을 결정한 배경과, 그로 인해 얻게 된 이익은 1990년대 이후 러시아와 중국의 비밀문서 해제와 함께 더욱 명확하게 드러나고 있습니다. 본 글에서는 최신 연구와 해제된 문서를 바탕으로, 마오쩌둥이 한국전쟁 참전을 통해 얻은 국내외적 이익과 그 한계, 그리고 참전의 실상을 정리합니다.

  1. 비밀문건 해제로 드러난 참전이익

1)중국의 국내 정치적 이익과 권력 강화

중국 마오쩌둥은 한국전쟁 참전을 통해 신생 중국공산당 정권의 결속과 권위 강화를 꾀했습니다. 국공내전 직후 540만명에 달하는 인민해방군의 처리 문제를 안고 있었던 중국은, 군의 일부를 한반도 전장에 투입함으로써 내부 불만과 실업, 사회 혼란을 완화할 수 있었습니다. 참전은 모택동의 개인의 대국 야망과 국제적 영향력 확대, 그리고 국내 정치적 입지 강화를 위한 치밀한 계산의 결과였습니다.

2) 국제정치적 이익과 소련과의 관계

소련의 스탈린으로부터 경제,군사적 지원을 받기 위해, 마오는 소련의 참전 요청을 거절할 수 없었습니다. 이는 소련과의 신뢰 회복과 군 현대화를 위한 무기 도입, 유엔 가입 등 국제적 지위 향상을 위한 선택이기도 했습니다. 북한의 김일성이 국공내전 시기 중공군을 후방에서 지원한 데 대한 ‘빚’을 갚는 성격도 있었습니다. 북한은 중공군의 전략적 후방기지였고, 물자,무기,인력 지원을 아끼지 않았습니다.

3) 안보 위협 대응

미국이 38선을 넘어 북진하자, 마오쩌둥은 서방 군사력이 중국 국경까지 다가오는 것을 두려워했습니다. 실제로 미국의 대만해협 봉쇄와 유엔군의 북진은 중국 지도부에 즉각적인 안보 위협으로 인식됐습니다.

  1. 참전으로 얻은 주요 이익

1) 신생 중국인민공화국의 결속 및 내부 통합

전쟁에 290만 명에 달하는 인민지원군을 파견함으로써, 내전 후 과잉 병력 문제를 해소하고, 사회적 불만을 외부로 돌릴 수 있었습니다. 참전 경험은 중국공산당의 통치 정당성을 강화하는 계기가 됐고, ‘항미원조(미국에 맞서 북한을 원조)’라는 선전 구호로 국민적 단결을 이끌었습니다.

2)국제적 위상 강화와 대국 이미지 구축

미국과 직접 맞서 싸운 경험은 중국을 국제무대에서 ‘대국’으로 각인시켰고, 이후 비동맹국 및 제3세계에서의 영향력 확대에 밑거름이 됐습니다. 미국의 ‘전승불패’ 신화를 깨뜨렸다는 선전은, 중국 내외에서 큰 정치적 자산이 되었습니다.

3) 소련과의 관계 강화 및 군 현대화

소련의 무기와 기술 지원을 대가로 얻었으며, 이는 이후 중국의 군 현대화와 경제 개발 5개년 계획 추진에 중요한 역할을 했습니다.

3.참전의 대가와 한계

공식적으로 30만~90만 명에 달하는 중국군이 전사하거나 부상당하는 막대한 인명 손실이 있었습니다. 경제적으로도 막대한 희생을 치렀으며, 1차 경제개발 5개년 계획의 부진과 대약진운동의 실패로 이어져 국가적 빈곤을 심화시켰습니다. 마오쩌둥 본인도 전쟁이 끝난 후 참전 결정을 후회했으며, “조선전쟁은 근본적으로 잘못됐다. 스탈린이 책임져야 한다”고 발언한 사실이 1990년대 해제된 자료에서 확인됩니다.

1990년대 비밀문건 해제의 의의 1990년대 러시아,중국의 극비문서 해제로, 마오쩌둥의 참전 결정이 단순한 동맹 지원이나 이념적 이유가 아니라, 국내 정치적 안정과 국제적 위상 강화, 소련과의 전략적 관계 등 복합적 이해관계에 따른 것임이 밝혀졌습니다. 한국전쟁 참전 결정 과정에서 다른 지도자들의 반대에도 불구하고 모택동의 독단적 의지가 크게 작용한 사실, 그리고 참전 후 중국 내외에서의 평가와 후회까지도 문서로 확인됩니다.

Why is silver undervalued compared to gold?

(April 2025)

Gold Bullion vs. Silver Bullion Price (April 2025)
Gold Bar Price

1) As of May 2025, the price of gold is trading at around $2,900 to $3,000 per troy ounce. (Converted to domestic prices, 1kg gold bar is worth about 100 million won, including VAT)

2) Gold has been consistently breaking its all-time highs in recent years, and continues to strengthen due to various factors such as global inflation, geopolitical risks, and central bank purchases.

Silver Bar Price

1) As of May 2025, the price of silver is around $32-$34 per troy ounce.(A 1kg silver bar is being traded at around 1.2-1.3 million won in domestic prices.)

2) Silver has risen by more than 15% in the past year, but has not yet reached the all-time high (around $50) recorded in 2011.

Comparison of gold and silver bullion prices ( May 2025)

Classification Price per troy ounce Price per kg (KRW) Comparison of recent 1-year fluctuation rates. Gold is about $2,900-$3,000, about 100 million won +8-10%, silver is about $32-$34, about 1.2-1.3 million won +15%

Undervaluation of silver based on the gold/silver ratio

(The gold-silver ratio refers to the number of ounces of silver needed to buy 1 ounce of gold)

2025yr, The gold-silver ratio is about 88-91:1, which is much higher than the historical average (50-60:1), and the price of 1 ounce of gold is equivalent to 88-91 ounces of silver, suggesting that silver is relatively undervalued.

For reference. Compared to the past when the gold-silver ratio was low (e.g. 15:1 in 1980), it is possible to interpret that the price of silver is significantly cheaper than that of gold.

Why is silver undervalued compared to gold?

1) Industrial demand and price volatility

More than half of the total demand for silver comes from industrial use (electronics, solar power, batteries, etc.). It is sensitive to economic fluctuations and has greater price volatility than gold. On the other hand, gold is mainly used as a safe asset, central bank holdings, investment, and jewelry, so its price is stable.

2) Gold’s safe asset premium

Gold has been in the spotlight as a means of preserving asset value during global financial crises, inflation, and geopolitical instability, and its price has steadily increased. On the other hand, silver is greatly influenced by industrial demand, so demand may decrease and its price may weaken during economic slowdowns. 3) Gold-Silver Ratio Historical Average and Deviation

2025yr, the gold-silver ratio is 88~91:1, which is significantly higher than the long-term average (50~60:1), highlighting the relative undervaluation of silver. Historically, when gold surges, silver tends to surge as well, but recently, gold’s rise has been much larger than silver’s.

3) Silver’s Upside Potential

Silver is still undervalued by more than 30% compared to its all-time high in 2011 (around $50). Experts predict that if factors such as industrial demand recovery, expansion of green energy, and central bank interest rate cuts come together, silver prices have ample room to rise further in the medium to long term.