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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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.
Korean anti - Japanese activities taking place in New York: How should we deal with them, as they are so outrageous?
In November 2019, the Korea Liberation Association urged the International Olympic Committee (IOC) to ban the use of the Rising Sun flag at the upcoming 2020 Tokyo Olympics in Manhattan Square, New York, United States. marching through the city.
The person who is kneeling down on the ground is Kim Won-eun, the chairman of the Gwangjukai. It is said that Japan is losing to South Korea's lobbying efforts, but this is the reality. Japanese people are not aware that they are conducting activities like this in the United States, a completely different country, which is completely based on no facts and deviates from common sense.
The Gwangbuk-kai, which refers to independence from Japan as Gwangbuk, is the central organization for anti-Japanese activities tied to the so-called Korean government.
In South Korea, there are many anti-Japanese organizations that receive support from the government.
They proudly print a historical error that equates the Nazis with Japan on flags and march through the streets of New York.
They are using this to appeal to the American people to ban the use of the Rising Sun flag at the Tokyo Olympics, which is another logically bankrupt activity, but they don't care about that.
The Nazis were a socialist party that practiced dictatorship and massacred six million Jews.
Japan's Greater East Asia War was a war of Western colonial liberation in Asia, and the only things Japan has in common with the Nazis are that the enemy was a power that continued to expand through colonial rule, and that they lost the war.
The Japan-German-Italy Tripartite Pact was not about jointly fighting a war, but rather a non-interference pact that stipulated that Japan would not intervene in wars in Europe, and Germany and Italy would not intervene in wars in Asia.
South Korea conveniently cites the Nazis and criticizes Japan. They know very little about the difference between Japan and the Nazis.
Professor Ramseyer's negative statement [There is no evidence of forced abduction of comfort women] is a complete lie. [Translated excerpt of Yonhap News article]
On January 5th, Mark Ramseyer, a professor at Harvard Law School in the United States, who defined South Korean comfort women as "prostitutes" and received international backlash, has now proven that "comfort women were forced to be recruited." It is expected that there will be a stir by asserting that there are no contemporary documents that do so.
Professor Ramseyer made this clear on the 5th in his article ``Sexual Contracts in the Pacific War: Responses to Criticism'' posted on the Harvard Law School website.
In this paper, which is a rebuttal of previous criticisms directed at her, Professor Ramseyer argues that ``Korean women were drawn into [comfort women] by the Japanese military who fought against their will, regardless of their will.'' I will respond to the allegation,'' and declared, ``This allegation is false.''
At the same time, he asserted, `` Korean women were not forced to serve as comfort stations due to planned coercion by the Japanese military.''
He specifically argued that the 1983 book ``My War Crimes'' by Japanese author and activist Seiji Yoshida was the de facto basis for the forced recruitment of comfort women.
For 35 years after the end of the war, there was no evidence (proving forced conscription). It was only in the late 1980s that some Korean women began to advocate this."
He added, ``The comfort women debate started with Yoshida's 'fraud'''' and ``Most of the experts who criticized me were from Japan and South Korea, but even though they knew about this book, no one He also didn't mention this book."
Regarding the paper in question, Professor Ramseyer said, ``The core of the paper was about the contract, such as why the comfort women received advance payment and what conditions under the contract determined the women's working hours.'' ``However, none of the criticisms leveled at me were aimed at this kind of economic analysis.''
In a paper published that day, Professor Ramseyer cited a study last year by Lee Yuken, a co-author of ``Anti-Japanese Tribalism'' and a research committee member at the University of Economics Research Institute, which received support from far-right groups in Japan.
Professor Ramseyer also claimed that comfort women victims, who remained silent for a considerable period after the war, changed their words after they began demanding reparations from Japan.
In a situation where there is no document proving forced recruitment, the only evidence, the testimonies of victims, lacks credibility..
In particular, he referred to comfort woman victim Lee Yong-soo as ``the most notorious (of all the people who changed their words)''.
[Excerpt above]
Professor Ramseyer says that no evidence of her forced abduction or her contract has been found anywhere. Similarly, the Japanese government has made a cabinet decision under the Abe administration that there is no evidence of forced recruitment.
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 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.
