The proposed governmental structure of the unified state is historically viable, immediately applicable and financially attractive. This new scenario for Korean unifi cation has three basic elements among others. First, the entire systems of the current democracy in South Korea will be applied across the entire Korean peninsula. Secondly, the structure will guarantee future securities of North Korean leaders and their descendants. Thirdly, it will obtain the Stability of the East Asian region through the United Nations. After the unification, all citizens of the new state will enjoy the freedom and liberty currently enjoyed by the citizens of South Korea. The division of the Korean peninsula was an unfortunate product of the Cold War created by two superpowers. Particularly after the collapse of the Soviet Blocs in the 1990s, North Korea became isolated and unable to make any advance in its economic front. The result is that the survival of its regime as a state is currently at risk. Moreover, South Korea possesses more than 30 times the economic strength in terms of GDP and twice the population of North Korea. It has a vast technological lead and has stolen away the North’s allies, as well as the friendship of most other states. The economic miracle of the South was achievable under the protection of the US defense system, whereas the dismal economy of the North is a result of the continual presence of the US forces in the South and the collapse of the Soviet Blocs. In light of these economic developments, now is the time for the government of South Korea to make a bold move towards an orderly Korean unification with the guarantee of stability in East Asia through the United Nations. It is regrettable to say that the Government of North Korea must give up the idea of unifying the Korean peninsula on its own terms and accept the proposed unification mode in exchange for the future securities of the North Korean leaders and their descendants. Then, most important is the end of the human rights abuses by the North Korean regime. Also equally importantly, this new unification scenario turns out to save more than $100 Billion in unification capital cost, in comparison with other known unification scenarios. Today the two Koreas have become at best a peripheral security interest to America, while economic relations have been warming up for mutual prosperity among the powerful neighboring countries- China, Japan, Russia and the US. Their governments should unselfishly support this new unification endeavor of the Koreans along with the guarantee of stability in East Asia through the United Nations. The proposed governmental structure of the new unified state is historically viable, immediately applicable and financially attractive. Thus, the Korea unification, outlined in this proposal, will provide peace, prosperity and no further nuclear threat by the North Korean regime to all nations in the world.