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.
2022-02-08
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South Korean Industrial structure vulnerable to exchange rate fluctuations
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.
Default due to bulk purchases
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?
MEMO South Korea is listed by the FRB as a currency manipulator.
Only chaebol companies can grow
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.
The boycott Japan fundamentally solves nothing
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.
POINT 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.
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minimum wage In Korea, the minimum wage has increased by 35% in four years...
Apartment prices in Seoul have risen 93 percent over the past four years...
If the minimum wage is 8,720 won, is it 6,459 won four years ago?The increase in the minimum wage increases the number of self-employed businesses closing.Decrease in employment...
Usually, Increasing jobs come first.Wouldn't the minimum wage go up for companies to secure employment if the effective recruitment ratio goes up?I can't believe going to raise the minimum wage first.You're a fool.
Japan's minimum wage varies from prefecture to prefecture.Of course, if the minimum wage is raised, the government will carefully observe the price index and economic conditions of each region.It is unthinkable to raise the price by 35 percent across the board.
Taiwan and South Korea, which have experienced Japanese rule, will continue in parallel forever.
Parallel worlds are hypotheses in science fiction and quantum mechanics, not proven stories.However, if you look at the difference between Taiwan and Korea, it looks like a parallel world.At some point in the parallel world, two pasts are born.The branches do not intersect, but are positively parallel worlds that will last forever.
Taiwan was incorporated into Japan after the Sino-Japanese War and came under Japanese rule.It lasted 50 years from 1895 to 1945, longer than the Korean Peninsula.The annexation of Japan and South Korea lasted from 1910 to 1945.Taiwan continues to thank Japan for its development under Japanese rule, saying, "Taiwan's national character and independence have been learned from Japan."In the wake of the Great East Japan Earthquake, it was also the world's largest donor country.
It is said that South Korea was trampled down by Japan, Japanese comfort woman was used as sexual slavery, and recruiters were like slaves, and most of the Koreans were slaughtered by Japan.There are two worlds, the past.In this sense, Taiwan, the world's leading pro-Japanese country, and Korea, the world's leading anti-Japanese country, have emerged.The parallel world is now underway in East Asia.Of course, Japan is in the same space-time as Taiwan.Does this mean that space and time do not intersect?
Korea criticizes Japan for not learning history, but many countries in Asia appreciate Japanese rule.
South Korean delegation insists on 'efforts from both countries' - Japan is fulfilling all its promises - South Korea is the one who is not making enough efforts
South Korea says efforts from both Japan and South Korea are necessary
Intentions of both countries passing each other
What is the destination that Korea envisions?
If we misunderstand the Korean issue, the government will tilt
Japan has already apologized many times
Japan fulfills all commitments
What does the effort of both countries mean?
While the recent South Korean delegation's visit to Japan has been reported as if the two countries have once again returned to the direction of improving Japan-Korea relations, the response of the Japanese government, including the prime minister, has been criticized. The South Korean side is keen to improve Japan-Korea relations, and as a result, interviews with the current prime minister, former prime minister, and other ministers were held. The most important point is that a gap that cannot be filled has been identified.
The rift is that while Japan is demanding that South Korea "fulfill its commitments," South Korea has consistently stated that "efforts from both sides are needed." This means that South Korea will not make unilateral concessions. More specifically, before the presidential election, President-elect Yoon Seok-Yeol met with Lee Yong-soo, a self-proclaimed representative of former comfort women, and said, ``We must demand an apology from Japan.'' has promised that he will receive it. That's probably what he's saying.
What kind of efforts does South Korea want from Japan? For example, is the Japanese Prime Minister going to South Korea, meeting with former comfort women, apologizing, and reporting the moving scene as an attempt to settle the matter? However, if South Korea's next government does not understand that this is an unlikely future, improving relations seems a long way off.
If Prime Minister Kishida were to do something like that, the Kishida administration would surely collapse, and even in this meeting with the parliamentary group, there are voices calling for Kishida to be removed from the position of prime minister. There are even voices saying that they will not vote for the Liberal Democratic Party in the next House of Councilors election. Reasons for this include the forced labor judgment and the abrogation of the Japan-Korea comfort women agreement.
Regarding the South Korean delegation's visit to Japan, since it was a group of parliamentarians before the inauguration of the new South Korean government, there were many opinions that Japan should also conduct the visit within the framework of parliamentary exchanges and that the government should not deal with it.
The comfort women agreement states, ``This is an issue that has deeply damaged the honor and dignity of many women, and from this perspective, the Japanese government is acutely aware of its responsibility.'' I would like to express my heartfelt apologies and remorse to the people of... Yun Seok-Yeol seems to think that since he has expressed his apology, it would be okay to apologize face-to-face. However, the agreement states, ``As the Japanese government declares the above and steadily implements the measures in (2) above (establishment of a foundation), this announcement will ensure that this issue will be finalized and irreversible.'' to make sure it is resolved."
The 1965 Claims Agreement, including the issue of forced labor, was already resolved. Japan is simply asking South Korea to faithfully implement these agreements. Japan has fulfilled all of its responsibilities, so all that remains is for South Korea to fulfill its own responsibilities. In other words, it is no longer an issue for both countries to make efforts.
Jeong Jin-seok, head of the South Korean delegation, claps his hands together and says that only by joining hands like this can relations be improved. Hearing these words, I can't help but think that South Korea's next new government may not even understand what the current situation is. This is because the efforts of these two countries resulted in the Claims Agreement in 1965, the Japan-South Korea Joint Declaration in 1998, and the Comfort Women Agreement in 2015, which is exactly the kind of hand-to-hand situation that Chung described. It is South Korea that unilaterally abolished these . Japan must not take a step back from this line.
If we look at Japan-South Korea relations after the restoration of diplomatic relations, South Korea has completely torn up all previous agreements. Is the next agreement really necessary?
Bella Poarch battle against Korean. It looks like you're still in a fight with the Filipinos. Koreans attacked Bella Poarch all at once, alleging that the tattoo of the selfie image that Bella Poarch surrendered to Instagram was reminiscent of the Rising Sun Flag. Bella Poarch, who once apologized, later said, "I can't afford to insult not only me but other Filipinos," and it seems to be heating up even more. The concern is that the Philippines is a gun society. The homicide rate is 25 times that of Japan. I heard that many Koreans study English in the Philippines, but is that okay? Are you trying to see if Korean common sense is universal?
The Japanese Navy is promoting military cooperation, such as dispatching destroyers and submarines to the waters of the Philippines and Japan's cooperation in the redevelopment of the former US Navy base. Do you think the Philippines will deny the Rising Sun Flag? Well, please do your best.
Korea, where the government recognizes history, will not be revised even if new facts are discovered.
History is just a collection of cognition.History of the past is incorporated into history in accordance with the interpretation that it is the same with one sentence, one letter, and one word.It is impossible to prepare enough evidence in history to confirm the facts in the current trial.
History recognized as the past is corrected by newly discovered facts.It is a case in which conflicting statements are found in past views that have been found.Whenever new facts are discovered in historians' quest, historical cognition is corrected.
In Japan, new facts have been discovered and history has been reviewed one after another.U.S. military information such as Hullnotes, which triggered the start of the Pacific War, has been released one after another after the deadline for confidentiality.As a result, the U.S. military's Sea of Japan chart, which is the basis for the start of the war and the dropping of atomic bombs, and the establishment of borders in Sea of Japan after the war, has been discovered and revised.
How do you explain that the photo in the textbook, which was published as a forced work man in Korea, was found to be a Japanese working in a coal mine and canceled it?
King Gojong, for example, is said to have failed to sign the Japan-South Korea annexation treaty.What would happen if King Gojong found a new note saying he was in favor of the annexation treaty?Will Korea correct history?
If the Japanese government is to be found guilty of the Japanese Military Sexual Slavery issue, it must at least present substantiable evidence under current law.It is evidence to support when, who, how, and in what way.There is no such evidence and is sentenced only by testimony.
History is like a creature that is constantly examined, supplemented, and corrected within the bounds of academic freedom.Therefore, it is impossible for the government or the judiciary to determine history.
The "no distortion of history " and "pro-Japanese praise ban " proposed in South Korea are laws that do not change the history of Koreans being enslaved under Japanese rule and prohibit the development of the Korean Peninsula under Japanese rule.
In other words, the legislature is submitting legislation that restricts freedom of speech and suppresses academic freedom.
Historical problems are basically problems between historians.The government of that time cannot recognize history.
