South Korea's UNIQLO turns into a large profit.Where did the boycott movement go?Have we forgotten the past?
2021-12-28
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Korea UNIQLO turns into a significant surplus in ２０２１
FRF El Korea, which operates Uniqlo in South Korea, has announced its results for fiscal year ２０２１ (September １, ２０２０ to August ３１, ２０２１).
Operating profit was ５２.９ billion won (approximately ５.１ billion yen), a significant turnaround from a deficit of ８８.４ billion won in the previous fiscal year. The company aimed to improve profits by reorganizing existing stores, and strengthened sales at its online store in response to increased demand for online shopping due to the spread of the new coronavirus.
One industry source said in an interview, ``The year after the boycott movement, the new coronavirus broke out.Uniqlo's shift to online was a blessing in disguise.''
MEMO Even in the midst of a country-wide boycott movement, it is amazing to see a return to surplus. The reason behind this seems to be the expansion of online shopping due to the coronavirus.
UNIQLO has become a symbol of the boycott movement
Fast Retailing's CFO Ken Okazaki said that ``boycotts will not last long,'' which infuriated the Korean media, and the fierce criticism of UNIQLO became heated.
Also, in the Korean UNIQLO commercial, a １３-year-old woman asks, "How did you used to dress when you were my age?" and a ９８-year-old woman asks, "How did you use to dress when you were my age?" The woman further sparked a boycott by saying, "Oh my god, I can't remember that far back." as insulting to comfort women.
The ９８-year-old woman was １３ years old during the Japanese colonial era, but she thought it was an insult to forget that. Looking at the results, CFO Okazaki's prediction was correct.
If he asked the boycotters about this, would he say, "I can't remember that far back"?
POINT FCO Okazaki seems to have a good understanding of the Korean national character of getting hot easily and getting cold easily. In addition, there seem to be many people who completely ignore self-contradiction.
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Japanese Military comfort woman A major flaw in the scrapping of the agreement is President Moon Jae In's dissolution of the Reconciliation and Healing Foundation.
The comfort women agreement is an official agreement
South Korea does not understand the agreement
2015 Comfort Women Agreement
The claim date is from 1965. Comfort women agreement establishes foundation
With the dissolution of the foundation, former comfort women cannot negotiate with Japan
In 2021, Moon Jae-in recognized the comfort women agreement as an official agreement between the governments. I wonder if these words were uttered out of a feeling that further deterioration of Japan-Korea relations would be a problem because it would affect the economy, regarding the lawsuit filed by former comfort women against the Japanese government. The problem is that the South Korean side doesn't fully understand the contents of the 2015 agreement.
Reading the comfort women agreement, it is clear that the main purpose of the agreement is for the South Korean government to establish a ``foundation'' to support former comfort women. Based on this assumption, the comfort women issue between the two countries will be finally and irreversibly resolved. In addition, we will refrain from blaming or criticizing each other regarding this issue in the international community. The Korean government will strive to resolve the issue of the girl statue in front of the Japanese Embassy in South Korea appropriately through consultations with related organizations. The order is as follows.
2015 comfort women agreement
Japanese side:
(2) The Japanese government has been sincerely addressing this issue, and based on its experience, it has recently decided to use the Japanese government's budget to heal the emotional wounds of all former comfort women. Take measures to ease the situation. Specifically, the South Korean government established a foundation for the purpose of supporting former comfort women, provided a lump sum of funds from the Japanese government's budget, and the Japanese and South Korean governments cooperated to provide support for all former comfort women. We will carry out projects to restore the honor and dignity of comfort women and heal their emotional wounds.
2. South Korean side:
(1) The Korean government evaluates the Japanese government's statements and efforts leading up to this announcement, and the Japanese government has confirmed the above 1. On the premise that the measures stated in (2) are steadily implemented, through this announcement we confirm that, together with the Japanese government, this issue will be finally and irreversibly resolved. The Government of the Republic of Korea will cooperate with the measures taken by the Government of Japan.
The comfort women agreement states that the South Korean government will establish a foundation and work through its activities to resolve issues with former comfort women.
In other words, the entire premise of this comfort women agreement was the establishment of a foundation, and as expected, Moon Jae-in dissolved this foundation. If this is recognized as an official agreement, there is an obligation to rebuild the ``Foundation for Reconciliation and Healing.'' Since this has not been done, even if South Korea says something, it will simply be bringing up a topic unrelated to the comfort women agreement. The issue of claims was resolved in 1965.
The purpose of establishing the foundation is to carry out projects to restore the honor and dignity of former comfort women and to heal their emotional wounds. Nowhere does it say that Japan should simply distribute the 1 billion yen it contributed. In other words, South Korea has abandoned its efforts to establish a foundation and restore the honor and dignity of former comfort women.
Looking at this from a different angle, with this agreement, the comfort women issue is no longer an issue between the governments of the two countries, but an issue between the foundation and the individual former comfort women. The former comfort women are demanding that Japan's prime minister meet in person and apologize, which is an unlikely request, but let's assume it happened. That can only be the result of negotiations conducted through the Reconciliation and Healing Foundation. Without the Foundation, no one can negotiate with Japan. This is not an issue of claims or human rights, but rather an issue of default by the South Korean government, which has abandoned its efforts to establish a foundation and resolve the issue.
If you confuse the claim rights issue with the comfort women agreement, you will lose sight of the essence. The major flaw in the cancellation of this agreement is that it dissolves the Foundation.
Modern conform women In most cases, endless wars involve economic factors.In the first place, war is triggered by the economy.Looking at the Middle East problem in this respect, the business surrounding it will expand, take root in society, and have a strong social voice in the long-standing conflict structure.They become groups that don't want to end the war.
What about the anti-Japanese movement, anti-Japanese economy in this view?If politicians, left-wing media, university professors, teachers' unions, critics, social activists, and many people earn income through anti-Japanese movement, connect with each other, and have social voice, this trend will not stop.Another reason is that human trafficking brokers are still active in Korea.In California, most foreign women working in sex-related industries are Korean, and in Australia, a large organization of Korean brokers has been caught.This is the ongoing Sexual Slavery problem.
During the Joseon Dynasty, most of the people were servants and were bought and sold by brokers.It is a huge market, and it will not disappear easily under Japanese rule.Japan abolished the status system.In other words, it must have been quite troublesome to lose the broker's servant.The Japanese police at that time must have caught Japanese Military Sexual Slavery several times for illegally mediating.
What would happen if such organizations were linked to the anti-Japanese movement and Japanese Military Sexual Slavery business?What if a large amount of foreign currency is introduced into Korea from women working abroad through brokers to build a statue of Japanese Military Sexual Slavery and if that money to use for promotion of anti-Japanese propaganda?It is also a place to hide that continues to make a fuss about Japan decades ago and incites public opinion that it is worse.
It is surprising that the modern version of the Japanese Military Sexual Slavery problem does not generate any social interest even if it continues to condemn Japan, a country that has no hope of solving the problem.Moon Jae In, who is sensitive to women's rights, does not seem to be active in this issue.
Japanese Military comfort woman recruited through a newspaper contest. There are many questions about forced arrests from a necessity point of view.
The most questionable point is whether forced arrest of Japanese Military comfort woman was necessary.Lee Yong-soo, who is said to be a former Japanese Military comfort woman, said that the sex industry exists in modern countries and Japan, and that the balance between supply and demand seems to be balanced.In other words, the percentage of men who seek this and women who provide services as a profession.How about in Korea?It is not a situation where people should be forcibly taken away even if they omit ethical issues related to sexual morals.By the way, Japan's unemployment rate stood at 2.8 percent in September.
At that time, many people on the Korean Peninsula were too poor to find jobs, but the unemployment rate dropped dramatically due to Japanese investment, and Joseon itself was surprisingly modernized and developed.Japan was never rich during the war, but men would have to hire them first to get a job.Are there more women who need jobs financially than now?The proportion of men and women after birth or in nature is about 1:1 .It's a simple arithmetic problem.
Japanese Military comfort woman is open to the public through newspaper advertisements, as left as data from that time.And prostitution itself was legal under the laws of the time.In addition, they are paid several times as much as college-graduated men.That seems to have gathered enough people.There are many questions as to why 300,000 people were forcibly taken away.
At that time, Japanese Military comfort woman was paid a lot of money, and when I returned to Korea, I got enough money to buy a house in just about two years.
Leaders Participate in the Olympic Opening Ceremony - Prime Minister Abe Participated for the Athletes and Moon Jae - in Used for Political Use
At the time of the Pyeongchang Olympics held in South Korea, Moon Jae-in had already spoken out about the invalidity of the comfort women agreement, and in Japan, there was much domestic public opinion against Prime Minister Abe's participation in the opening ceremony of the Games. However, it was thought that Prime Minister Abe would not participate, but Prime Minister Abe announced his intention to participate. The reason was that ``I had to participate as the country's top leader in order to encourage the Japanese national team players.''
I have seen Moon Jae-in in this sense, and he is truly a disappointing person. The South Korean athlete did not even know whether his country would participate in the Tokyo Olympics until just before the Olympics, and his argument that he might boycott was so lame that it was dismissed by the IOC. As for Moon Jae-in's participation in the opening ceremony, it appears that he was trying to make a deal until the very end, unilaterally offering a deal in exchange for a summit meeting.
South Korea has been the most sensitive to the political use of the Olympics, and appears to have criticized Japan at every turn at the national level. From the perspective of Japan, the South Korean athletes who play the leading role in sports tournaments are nowhere to be seen, and it appears that Moon Jae-in, far from using the Olympics for politics, seems to think that the Olympics themselves are a political venue.
The ``Jongdaehyup'' lost its position due to the comfort women agreement - The Japanese and South Korean governments have agreed to establish a foundation.
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.
