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Let's assume that somehow the DPRK succeeded in conquering most of Korea during the Korean war. What would an ROK government in exile, a la the Republic of China look like?

Could the ROK survive in exile in the small island in Jeju?

What about the ROK being restricted to the far southeast of Korea, mainly consisting of Busan, and supported against the DPRK by the USA? Busan was one of the strongest ROK outposts during the Korean War.

Or alternatively, what would a Korea consisting of both Busan and Jeju look like?
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