Last One Mile Support
2021-07-15
Category:South Korea I'm participating in the ranking.Please click and cheer for me.
In addition to Taiwan and Vietnam, Japan will provide vaccines through COVAX: Cambodia, Laos, East Timor, Bangladesh, Maldives, Nepal, Sri Lanka, Fiji, Kiribati, Papua New Guinea, Samoa, Solomon, Tonga, Vanuatu, Iran.
New target country of "Last One Mile Support" in cooperation with UNICEF: Ghana, Senegal, Mozambique, Malawi, Palestine, the Philippines and Mongolia."Last One Mile Support" will cover 59 countries and regions.
Korea is not a developing country, so it is likely that it will not be able to provide vaccines because now Korea is in the midst of the No Japan movement and Japan respected it and their passion.
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Park Geun - hye's special pardon has been decided. What is Moon Jae - in planning? It's been 4 years and 9 months.
Former President Park Geun-hye, who was sentenced to 22 years in prison, was granted a special pardon on the 24th and will be free from midnight on the 31st. It has been 4 years, 9 months, and 1,736 days since he was arrested on March 31, 2017.
Former President Park expressed her gratitude to President Moon Jae-in. Lawyer Yoo said, ``I apologize to the people for causing so much worry.Also, thank you for your continued support and encouragement.Despite all the hardships, Moon Jae-in decided to be pardoned. I would like to express my great gratitude to the President and the government authorities.I would like to return to my job as a new soldier, concentrate on my treatment, and personally express my gratitude to the people as soon as possible,'' former President Park Geun-hye said.
The longest prison term for a South Korean president was former President Park Geun-hye's 1,736 days.
In August of this year, in the decision to parole the head of the Samsung Group, the opposition party mainly requested that Park Geun-hye be pardoned, but Moon Jae-in refused. Those seeking a pardon had called for Park Geun-hye's release on the grounds that it would eliminate the cause of national division, but the latest decision by the Blue House to grant the pardon is precisely to eliminate the division among the people.
It may be a naive point of view, but it is customary for South Korean presidents to be arrested for some crime once their term ends. Did Moon Jae-in think that Park Geun-hye would be pardoned no matter who the next president becomes? If she was to be pardoned anyway, I would be the one to be pardoned.
Does this mean that he is showing sincerity to the opposition and wants his prosecution to be overlooked? In any case, the 22-year sentence for bribery charges is shocking. This is a Japanese feeling, but since he was sentenced to prison for 4 years and 9 months, it is best that he was released.
Moon Jae-in won the presidential election despite having little political experience due to the impeachment of Park Geun-hye. Why was he pardoned at this time? It is said that Moon Jae-in was the one who sent Park Geun-hye to prison.
The exchange won rate has not stopped falling.The No Japan movement is a campaign to buy domestic products.Nothing will change under the chaebol economy.
South Korea's trade dependence on GDP is more than 70 percent, including the service sector.In other words, domestic demand is low and foreign exchange is directly affected.Even if foreign demand is received, it does not circulate at home and flows abroad.If the person who made the purchase contract increases the dollar by 5% at the time of payment, the payment will increase by 5%.The won-dollar exchange rate is 1,200 won, but it has been hovering around 1,200 won in recent days.
In order to maintain international competitiveness, chaebol companies such as SAMSUNG buy parts in bulk and produce them in bulk to reduce costs and sell them at low prices.In this case, large debts are always carried out and large payments are repeated, and problems arise when the value of the currency changes significantly during that period.This is the so-called default.Under these circumstances, the won's international credit rating has not increased, and South Korean companies can trade in dollars depending on the L/C of Japanese commercial banks.
South Korea experienced two foreign exchange crises in 1997 and 2008.No country will experience two foreign exchange crises in 10 years.In other words, South Korea's industrial form is vulnerable, and in short, it is trading beyond its currency capabilities.
Considering what Moon Jae In wants to do, the real intention is to socialize, control the currency, and stabilize the value of the won.Do you think the boycott is a campaign to buy domestic goods if it is reversed?
South Korea is listed by the FRB as a currency manipulator.
The reason why domestic demand is not expanding is the existence of chaebol companies.The role of chaebol companies in driving the Korean economy is important, but on the other hand, investment in chaebol companies is concentrated and other industries are not growing.In addition to the businesses run by chaebol companies, how can Korean companies grow globally?It can only be done with its own money without investment.
This structure will not change even if there is a boycott Japan.As a currency manipulator, even if it leaves the liberal economy, it will not change.It is necessary for the government to take the lead in fostering domestic demand and to attract investment in what industries to foster domestic small and medium-sized enterprises.The boycott Japan does not mean that South Korean domestic companies' sales will increase.
Moon Jae In's term of office is less than three months, and criticism from his country seems to be gathering.I think it's quite late from Japan view.
The police investigated the chairman of the Independence Society.Scholarships for descendants of those who contributed to the anti - Japanese movement, and embezzlement of them?
The Chosun Ilbo reported that Kim Won-woong, chairman of the Independence Committee of Korea, embezzled tens of millions of won from social cafes to provide scholarships to children of independence fighters, and asked the police to investigate.The Ministry of Veterans and Veterans Affairs said, "The Independence Society raised 61 million won by raising false orders or over-calculating costs."
Independence Society is an organization established by activists and descendants who participated in the anti-Japanese independence movement during the annexation of Korea and Japan.Japan's anniversary of the end of World War II is called Independence Day in Korea, where President Moon Jae In congratulated and the chairman of the Independence Society also greeted.Even if it is a greeting, it is a speech of resentment and hostility toward Japan.
The Independence Society is closely related to left-wing forces and has been at the center of the anti-Japanese movement under the Democratic Party.Yoon Mi-hyang, the predecessor of the Justice and Memory Alliance, was indicted on charges of embezzlement, and this time she was accused of embezzlement by the chairman of the Independence Society.In the first place, the Japanese Military Sexual Slavery problem is that Lee Yong-soo, the symbol of Japanese Military Sexual Slavery, was taken away by the Japanese army, and is said to be a swindler.Yoon Mi-hyang embezzled donations through Wednesday's rally using Lee Yong-soo as an advertising tower, and the Independence Society established a "meaningless system" to provide scholarships to descendants of independence fighters.
As you can see, the anti-Japanese movement is likely to be a fraudulent organization originally caused by lies and incitement.And the head of the fraudulent group is a group that embezzles the money.
It has become clear that the anti-Japanese movement is based on fraud.I'm paying attention to how far it will be revealed.
Kim Koo and Moon Jae In Kim Koo went to North Korea to oppose trust rule and advocate reunification and independence of the two Koreas, but Kim Il Sung did not seem to deal with him.It was also abandoned by the United States.Moon Jae In is very similar.Moon Jae In names Kim Gu as the most respected politician.Do you mean that the right and left sides of Korea are Lee Seung-man and Kim Gu?Either way, they are anti-Japanese.
[South Korea] If you have the world's highest household debt, you don't have enough disposable income - If you don't spend money, it's just bad manners.
Private/government debt 254%
Household debt is 104.2% of GDP
Global trend of interest rate hikes
Mortgage reduces disposable income
A traveler who just has bad manners
In a statement distributed in advance of the conference, Professor Ham Joon-ho of Yonsei University Graduate School of International Studies, who served as a member of the Bank of Korea's Financial and Monetary Committee, stated, ``Korea's macro leverage (private and government debt) level has expanded to 254% of GDP. ” he pointed out.
The household debt balance has continued to expand for 16 years, reaching a record high of 1,850.9 trillion won (approximately 176.9871 trillion yen) in the April-June 2021 period. According to a study by the Institute of International Finance (IIF), Japan's GDP ratio was 104.2%, the highest among 37 major countries and regions. Incidentally, the countries other than South Korea are followed by Hong Kong (92.0%), the UK (89.4%), and the US (79.2%).
On the 15th, the Federal Reserve Board (FRB), the central bank of the United States, announced the first major interest rate hike in about 30 years. The policy rate will be raised by 0.75% to a range of 1.50 to 1.75%.
Prior to this, South Korea announced that it would raise its policy interest rate from 1.5% to 1.75% in May. The rate was set at 1.5% in April, making this the second consecutive month of interest rate hikes. This will also be a severe blow to those who are burdened with household debt.
South Korea's per capita GDP is approaching that of Japan. According to the 2021 IMF announcement, Japan's price is $39,340 and South Korea's price is $34,801. However, Japan's household debt is around 66-7%.
Housing loans are the largest component of household debt. The skyrocketing price of land in Seoul continues to skyrocket, forcing many to borrow large sums of money to purchase apartments. As a result, even if GDP and wages rise, most of the money goes toward repaying household debts, resulting in less disposable income. I don't have any money to spend.
Even after salaries are paid, the money goes straight through the tunnel and is returned to financial institutions, where it is returned to the market. This is the reality of GDP per capita in the Korean economy.
As the coronavirus pandemic begins to subside and overseas travel is gradually lifted, travel to Japan is expected to become a boom again in South Korea. It's not that they like Japan. The above reasons are largely responsible for why Japan is chosen as a nearby travel destination.
And just because you come to Japan doesn't mean you have to spend money. There are quite a few groups that find faults, point them out, and complain to each other. It is said that Korean tourists just have bad manners.
