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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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.
Catch - all regulation and its contents Even though South Korea was a white country, I could not understand its meaning.
The Wassenaar Arrangement is an international agreement regarding the export control of conventional weapons, with which 42 countries, including Japan and South Korea, have concluded an agreement. Based on this premise, Japan will introduce catch-all regulations, and will notify the Minister of Economy, Trade and Industry and receive permission when exporting cargo or providing technology that may be used for the development of weapons of mass destruction or conventional weapons. I made it mandatory.
Group A: 26 countries (white countries) Group B: 6 countries (including South Korea) Group C: countries that do not fall under A, B, or D Group D: countries under the UN arms embargo ・Countries of concern designated by regions and exporting countries
The above framework is determined at the discretion of the exporting country from the standpoint of national security. For this reason, Japan is constantly calling for a "review of export control operations." South Korea claims that Japan imposed export controls this time, but Japan has simply reviewed its operations, and as long as the prescribed procedures are followed, exports will continue as before. It's been two years and I still don't understand this. On the other hand, if we were a white country without understanding this basic thing, it would be even more frightening. Do they think they were put in Group D? Group D is currently subject to export restrictions from Japan.
Group D consists of 11 countries, including Afghanistan, Central Africa, Democratic Republic of the Congo, Iraq, Lebanon, Libya, North Korea, Somalia, South Sudan, Sudan, and Iran, a country of concern.
Moon Jae - in's words regarding Park Geun - hye's pardon are abstract; who is the one who created the division?
[Excerpt from Chosun Ilbo article (translation)]
On the 24th, former President Park Geun-hye expressed her gratitude to President Moon Jae-in for granting him a special pardon.
Lawyer Yoo Yong-ha, a close aide to former President Park, met with reporters in front of Samsung Seoul Hospital in Gangnam-gu, Seoul, where former President Park was hospitalized, and relayed former President Park's words on his behalf.
Regarding former President Park's health condition, attorney Yoo said, ``It looks like she will be receiving treatment at a hospital for the time being,'' but added, ``I cannot comment on the specific health condition right now.''
Regarding former President Park's future plans, lawyer Yoo said, ``Right now, he is concentrating on treating a new disease.He told me that he would not meet with anyone.''
On this day, to celebrate the new year of 2022, the government granted a special pardon to former President Park, who is currently in prison after being found guilty in the National Agricultural Organization Incident.
``We must overcome the pain of last year and move on to a new era,'' President Moon said, ``I hope that this will be the beginning of a new era of unity and harmony that transcends differences and pros and cons.'' .
President Moon said, ``Rather than being buried in the past and fighting each other, it is time for us to boldly work together toward the future.''Especially given the many challenges facing us, we must strive for national unity and humility.'' There is an urgent need for inclusiveness."
[Excerpt above]
Moon Jae-in's words have an abstract meaning: the people will come together as one and create a new era.
It is said that Moon Jae-in himself was the one who created the cause of the nation's division in the first place. The main argument of the opposition parties is that Moon Jae-in became president after taking advantage of Park Geun-hye's impeachment, and that the current left-wing government is the one that carried out various schemes surrounding the impeachment.
There are many people who feel that it is strange that this pardon was decided for the exact same reason as the previous pardon was not granted.
In South Korea, the president is arrested every time there is a change of government. Perhaps because of the culture of grudges, there is a history of retaliation for retaliation.
Many people take this to mean that Moon Jae-in is asking for a pardon and the charges against him to be reduced.
Moon Jae-in's term remains until next year's presidential election. Many people seem to feel uncomfortable about being pardoned at this timing.
The president Moon Jae In's last resistance to the relocation of the president's office.cloud over election pledges.
They seem to be at odds over the relocation of the presidential office in South Korea.Yoon Seok-yeol, who is scheduled to become the next president in the presidential election, will not work at Cheong Wa Dae.He promised to relocate.The current Moon Jae In administration has made moving stop.Specifically, the government was about to start the relocation work after obtaining approval for the reserve fund expenditure at a Cabinet meeting scheduled for March 22, but it seems that it is not possible to obtain the reserve fund budget.The current presidential office Cheong Wa Dae said, "It is impossible to move the presidential office before the new administration takes office."Yoon Seok-yeol said, "If Moon Jae In refuses to cooperate on the most representative transition tasks, there is no way to enforce them."
Yoon Seok-yeol and the party "the power of the people" expressed their anger at President Moon, who said they could not agree to move the Ministry of National Defense and the Joint Chiefs of Staff due to security instability."The situation in which the president cannot enter the office and cannot be properly guarded will cause the security crisis of the Republic of Korea. Cheong Wa Dae's refusal to compile a budget on the grounds of a security vacuum is nothing more than a hindrance to the inauguration of the new government."
After all, it seems that the plan to relocate Cheong Wa Dae on May 10, when the administration takes office, was unreasonable.Moon Jae In The administration seems to say that it is impossible to transfer security and Cheong Wa Dae functions by that date, and whether it is correct or not, the relocation of Cheong Wa Dae should have been done at the right time after taking office.In other words, the first item in the election pledge has already been nullified by the ruling party.At least where the presidential office is held is not a matter, and it seems to be nothing more than a dispute that lacks substance.
Mr. Yoon Seok-yeol also seems to have been a bit slow to read.The current president is a Democrat with 58 percent of the seats in the National Assembly.I don't think I can get their help.
The difference between Japan and South Korea in terms of the friendship that Oh Sun - hwa talks about.If you're a friend, give it to me.This is the Korean style.
Wu Shanhua, a professor at Takushoku University's School of International Studies, said that when she first came to Japan to study, she struggled because she couldn't understand Japanese culture. She says that in South Korea, the culture is that you shouldn't differentiate between your friend's things and your own things.
During class, I open my friend's pencil case, use it, and then put it back. They end up using not only stationery, but also things in their bags, sweets, food, and even money if they are left on the table. It seems that the person being used is happy and thinks that the person who is being used thinks of them as a friend.
Of course, Japan does not have such a culture. No matter how much time passes, my friend asked Wu Shanhua at the time, ``I forgot her pen, can you lend it to me?'' When I get it back, I always say thank you. No matter how much time passes, Wu Shanhua will not accept her as a friend. Apparently, there was a time when she worried that they wouldn't accept her because she was a foreigner.
She believed that sharing your things with others was a sign of friendship, so her sensibilities seemed to be completely different from those in Japan.
Another Korean who came to Japan and returned to Korea after two and a half years after having such an experience apparently published a book about Japanese culture in Korea. His anti-Japanese book, which describes Japan as a country of crazy people, has sold 3 million copies and has become a model that is often cited by Japanese culture researchers at universities and other institutions. That's it.
What is your friend's property is yours. This is regardless of the size of the amount. They say that even if it's a large amount of money, you can only be a friend if you pay to help. As a result, the custom of filing lawsuits has become commonplace in recent years, making South Korea a fraud country. Furthermore, it is unclear how far the money was taken from him as a friend, and where the fraud began. In other words, it is not returned while being shared. This has become the norm, but in light of the law, it appears to have resulted in a series of fraudulent acts.
With this in mind, Wu Shanhua says she is also knowledgeable about diplomatic issues. Koreans think that since Japan is an economically developed country, it is natural to provide money for free. I don't use the word "thank you" at this time, and since Japan has many islands, I wonder if it's a friend to make a fuss about just one island. Wouldn't it be possible to have a friendly relationship if Japan gave as much as Shikoku to South Korea? In fact, she explains, there is at least an underlying feeling.
The differences between Japan and South Korea, which include the actual experiences of Ms. Oh Sunhwa, who actually lives in Japan, are surprising, but if you refer to them, you will be able to see some things.
