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
Category:South Korea I'm participating in the ranking.Please click and cheer for me.
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.
I'm participating in the ranking.Please click and cheer for me.
An Jung-geun's son An Jun-seong, who assassinated Ito Hirobumi. The reconciliation that took place at the Gyeongseong Chosun Hotel and the man named Kim Gu who could not be forgiven
I think everyone knows about Ito Hirobumi. He was assassinated at Harbin Station on October 26, 1909, the year before the Japan-Korea Annexation. The man who carried out the assassination was An Jung-geun. He is still a hero in Korea. On October 15, 1939, a certain person visited a temple called Hakubunji Temple in Korea, which no longer exists, to offer a memorial service. It was An Jung-geun's son, An Jun-seong. He visited as part of a Korean Peninsula Manchuria ship inspection team from Shanghai. The purpose was to offer a memorial service for Ito Hirobumi, who was murdered by his father, An Jung-geun.
The memorial service began at 11:00 and An Jung-geun's memorial tablet was placed next to Ito Hirobumi's portrait. An Jun-seong offered a memorial service for his father An Jung-geun and Ito Hirobumi, and Komada, who recited a sutra, handed An Jung-geun's memorial tablet to him and advised him to mourn the souls of the two men forever.
Afterwards, An Toshio told a reporter who had come to interview him. He lost his father at a young age and neglected to perform the rituals for 30 years. He now prays for the repose of Prince Ito's soul and is happy to receive his father's memorial tablet.
■english subtitles available
The next day, on the 16th, An Toshio headed to the Gyeongseong Chosun Hotel. He was there to meet someone. The person he was meeting was Ito Bunkichi, the son of Ito Hirobumi. In response to An Toshio's request to apologize to Ito Bunkichi, Ito Bunkichi replied: "Our father has already become a god, a Buddha, and returned to the sky." What do we need to apologize for now? Let's be sincere and serve our country instead.
Then, on the following day, the 17th, Ito Bunkichi and An Toshio visited Hakubunji Temple and performed an exchange memorial service for each other's fathers. In Korea, it is firmly believed that Ito Hirobumi was a proponent of the Seikanron, which is Japan's conquest and rule of Korea. Why does it have to be this way? It is thought that Koreans mistakenly believe that Ito was a proponent of the Japan-Korea Annexation because Ito was the governor-general of the Government-General of Korea. However, Ito Hirobumi was opposed to the Japan-Korea Annexation throughout.
An Jung-geun assassinated Ito Hirobumi without even knowing his face. In his autobiography, he clearly wrote that he did not know Ito's face. Ito was no longer the Prime Minister or the Governor-General at the time. He took responsibility for the failure of the policy of reconciliation with Korea and resigned. An Jung-geun shot and killed Ito Hirobumi at Harbin Station. An Jung-geun was arrested on the spot, and after being sentenced to death in court, he said in prison that he had made a serious mistake.
In 1939, An Jung-geun's son An Jun-seong held a memorial service for Ito at Hakubunji Temple, met with Ito's son Ito Bunkichi at the Chosun Hotel, apologized, and reconciled. Kim Gu, an independence activist, could not forgive this. At the time, Kim Gu was an important member of the anti-Japanese Provisional Government of the Republic of Korea, and the following year in 1940, he became its chairman. An Jun-seong ran a pharmacy in Shanghai, but Kim Gu framed An Jun-seong for the trumped-up charge of selling opium and asked Chiang Kai-shek, the head of the Republic of China at the time, to execute him. It seems that he was quite angry, but what does this mean? Kim Gu was furious that An Jung-geun's son apologized for the murder of his father, Ito Hirobumi, and that he spoke about it in front of the media. An Jung-geun must be a hero. He must be used as a hero for the anti-Japanese independence movement. This was the hope of the forces seeking independence.
In other words, to them, Ito Hirobumi is a proponent of the Japanese-Korean annexation, and should not be the subject of reconciliation. It is not that Koreans have misunderstood somewhere and think that Ito Hirobumi promoted the Japan-Korea annexation, but it is clearly fabricated by the system. The fact that Ito was against the annexation. That An Jung-geun did not even know what Ito looked like. That An Jung-geun said that the assassination was a serious mistake. The fact that the surviving family has already reconciled should not be known in Korea. And it can be said that even today, there are very few Koreans who know this fact. In order to keep An Jung-geun a hero, Ito Hirobumi will forever be a proponent of the Japanese-Korean annexation and an enemy of Korea.
On January 28, 2023, a survey by the Korea Cinema Ticketing Network announced that "Hero," a movie based on An Jung-geun, which was released on December 21 of the previous year, had exceeded 3 million viewers in the 38 days since its release. Three million people is about 5.8% of the population of South Korea.
[Korea] A major failure in the nuclear phase - out policy highlighted by the rise in electricity prices - Passing the blame on to the people and giving them cold water.
South Korea will raise electricity prices
Korea Electric Power fell into a large deficit
Moon Jae-in's obvious mismanagement
Is the Fukushima prefecture product a commotion to distract people?
Countries with anti-Japanese spinal reflexes
The day you regain your composure
The South Korean government has decided to raise household electricity rates by 5 won per kWh starting in July. This year's additional measures are expected to raise prices by about 15%.
KEPCO posted an operating deficit of 5.86 trillion won last year, the largest in its history. The deficit in the first quarter of this year was already 7.8 trillion won, and unless the tariffs are raised, the annual deficit is expected to reach 20 trillion to 30 trillion won. Therefore, the idea is to transfer that deficit to the people as usage fees.
The Moon Jae-in government is being held responsible for its policy of ``phasing out nuclear power without increasing electricity rates.'' KEPCO, which had a surplus of several trillion won, became a loss-making company under the Moon government. During the five years of the Moon administration, KEPCO's debt increased by 41 trillion won. There are reports that if we phase out nuclear power, electricity costs will have to rise by 2.6% every year, and by 40% by 2030.
Korea Electric Power is South Korea's public power company. Japan's ban on importing seafood from Fukushima, the release of treated water into the ocean, and the controversy surrounding athletes' meals at the Tokyo Olympics are all efforts to cover up the failures of energy policy under the Moon Jae-in administration and distract the public. It looks like it was a festival.
They completely ignore scientific evidence, create sensationalism, and link it to anti-Japanese sentiment. When this happens, the Korean people lose their cool and become overheated. This is the result of anti-Japanese education, and is like an anti-Japanese switch that the South Korean government often uses.
The anti-Japanese mood seems to have eased somewhat with the arrival of the Yun Seok-Yeong administration, but will the public bear the burden of the Moon Jae-in administration's failures in energy policy, which will further dampen the anti-Japanese fervor? Regarding the causal relationship between cause and effect, in Korean society the problem shifts to Japan. Japan has nothing to do with the failure of energy policy. Even if people say things have calmed down, I feel like it's already too late.
Meeting with South Korean parliamentarians and Foreign Minister Hayashi. Is it meaningful to deal with mere performance diplomacy? An unprecedented response between members of the Diet and government ministers
Foreign Minister Hayashi met at the Ministry of Foreign Affairs on the morning of the 25th with the "policy consultation delegation" sent by South Korean President-elect Yoon Seok-you to Japan. There have been criticisms within the Liberal Democratic Party of having a meeting between a mere parliamentary group that has not yet been established as a government and Japanese government ministers. Since it is unknown whether they are really delegations, will the Foreign Minister visit all of them when a foreign member visits Japan? And since I had an interview with the members of the Diet, there is no reason why Yoon Seok-you would not have an interview after taking office as president.
Interview in a state of violation of international law
Currently, the Japanese government is in a position not to negotiate unless the Korean government corrects the state of violation of international law, and the state of violation of international law has not changed yet. After that, They had a meeting with former Minister of Finance Fukushiro Nukaga of the Liberal Democratic Party and former Minister of Education, Culture, Sports, Science and Technology Nakagawa of the Constitutional Democratic Party, who are the chairman of the Japan-Korea Parliamentary Union, at a hotel in Tokyo for about an hour and a half. One of the points that should be evaluated is that the Korean parliamentarians should return to the Japan-Korea relations at the time of the 1998 Japan-Korea Joint Declaration. In 1998, it became a joint declaration that embodied the ideal way of exchange between Japan and South Korea from the 1965 Japan-Korea Basic Treaty, such as the opening of Japanese culture in South Korea and the resolution of the problem of fishing rights in Takeshima. Even if it is simply said to improve Japan-South Korea relations, it is commendable that they have discussed them many times and have shown specific target points because the Korean side has destroyed everything for their own convenience. However, even if it returned to the time of the Japan-Korea Joint Declaration, this declaration was virtually invalidated by the National Assembly of South Korea in less than two years. How can we prevent it from being invalidated again even if it returns in 1998? That point is missing.
Do you make another promise with a country that does not keep your promise?
I think that the problem that South Korea does not keep its promise is that the country itself does not have a structure to keep its promise. Even if the president of that era considers the times and makes a promise with Japan through diplomatic immunity, Korean parliamentarians who have an anti-Japanese structure and an anti-Japanese constitution will invalidate them with the power of the legislature. Is the Kishida administration rushing for easy diplomatic achievements as it has no diplomatic achievements so far? Foreign Minister Hayashi is in a good mood playing the piano in the United Kingdom. Will he repeat the Japan-Korea relations that he has repeated over and over again?
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.
Yoon Seok - yeol's digital strategy in Korea.World - class? Does he know what 6G and AI mean? This is an excerpt from an article made by Yun Seok-Yeol of the opposition People's Power, who is running in the Korean presidential election. It seems that Japan is aiming to become a digital hegemony. And South Korea will lead the way in 6G...
Presidential candidate Yoon Seok-yeol announced on the 28th that Korea will become a digital economic hegemon by training ``1 million digital talents.'' Candidate Yoon pledged to create a flexible work environment that suits the characteristics of the IT industry, and raised the need for flexible work, saying, ``Is it possible to restrict people from working from home for more than eight hours?'' I emphasized it again.
Candidate Yoon's comments are expected to be controversial as the Labor Standards Act already restricts working hours to over eight hours. Candidate Yoon held a press conference in Yeouido, saying, ``In order to reduce the technological gap with developed countries, we will raise next-generation artificial intelligence technology to the highest level in the world.'' We will introduce solutions and build the best AI system."
It seems that within three years we will reduce the technological gap with developed countries and raise it to the highest level in the world. I don't understand the meaning at all.
Candidate Yoon's vision is for South Korea to build the world's fastest and most powerful digital platform, export it to countries around the world, and become a digital economic hegemon. Developing an artificial intelligence industry was mentioned as one of the six practical tasks for this purpose. In detail, he explained that the company will build the world's largest cloud computing infrastructure for AI that can be used jointly by universities, research institutes, and companies. For the development of the software industry, he promised, ``The digital platform government will welcome the government, introduce public software innovation products for great national service, and help the growth of capable software companies.''
Candidate Yoon pledged to build a digital infrastructure that would upgrade the national 5G network and lead the world standard for 6G, and also offered a pledge to revitalize the ``My Data'' industry, which would allow citizens to receive custom benefits. He also pledged to support the semiconductor and mobility industries and build a cyber safety net. This means building a unified cyber response system for an integrated response during a cyber crisis, and building an integrated cyber response system that utilizes artificial intelligence.
I thought what the ruling party candidates were saying was a big deal, but the opposition candidates are also making a big deal about it in other areas. Is it enough to just win the Korean presidential election?
