The Korean won is falling.It exceeded 1,240 won. The reason that Japan must not make promises with the new Korean president prematurely .
2022-03-15
Category:South Korea
Photo by National Missile Defense image (licensed under CC0 1.0 )
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The won's depreciation has not stopped, and there are many uncertainties
The won fell to 1,243 won against the dollar.If the Fed raises interest rates in real terms, it will fall further.The main reason is that Russia's economic prospects are pessimistic. And Yoon Seok-yeol won the presidential election on March 9 and became president on May 10.Yoon called for strengthening the U.S.-South Korea alliance and mentioned the deployment of THAAD.China accounted for 24.8 percent of Korea's exports, twice as much as the U.S., the second largest exporter.When the Park Geun Hye administration decided to deploy THAAD, China imposed severe economic sanctions.China's economic sanctions are only pessimistic for investors, so Korean investment is likely to rise further and the won is likely to fall further.
Next time, South Korea will break its promise with China
The Moon Jae In administration has made a promise with China that it will not be included in the U.S. missile defense system, and that the U.S.-Japan security cooperation will not develop into a military alliance,and that the THAAD, which has already been deployed in South Korea without additional THAAD deployment, will not harm China's security.In other words, economic sanctions will inevitably be imposed if South Korea break their promise to China.The Democratic Party has 58 percent of the seats in the ruling party, and domestic opposition is likely to be strong.If the won depreciates further, there will be more material to attack the president.
It's too early to get excited about improving Japan-South Korea relations
In Japan, it is reported that the president, who wants to improve Japan-South Korea relations, took office, but the environment is not that good.Even if the new president makes a simple promise between Korea and Japan, it is highly likely that Korean public opinion and parliament will not be able to fulfill it.On the contrary, if the won-dollar exchange rate exceeds 1,300 won, it will be out of control and even default again.
POINT All promises made in Japan and South Korea have been broken every time the president changes.The Japanese government should observe it a little calmly without rushing to achieve mere diplomatic results.
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[related article]
What has clearly changed due to the Japan - Korea issue - It is the Japanese sentiment toward Korea and the perception of Korea - It is not easy to overturn this.
What kind of Japan-Korea relations will the new South Korean government build in the future? Since it is the administration after the Moon Jae-in administration, we must see a completely different point from other administrations. It is different from the Kim Dae Jung administration and the Park Geun-hye administration. The biggest difference is the Japanese national sentiment. Since the 1998 Japan-Korea Joint Declaration, the Japan-Korea World Cup has been held, and the Japanese have supported the success of this soccer tournament. What was introduced in Japan during this period was Korea with a good image. It is a Korean drama and K-POP. Of course, this is a creative and fictional world of entertainment, but many Korean fans were born in Japan, and this played a role of friendship between Japan and South Korea to a certain extent. However, what Moon Jae-in revealed was the exact opposite of South Korea, which is completely different from these. It is the earnest desire of the Korean people to pray for the destruction of Japan.
The setting of the target point to return to the 1998 Japan-Korea Joint Declaration set by President-elect Yoon Seok-you should be evaluated to a certain extent. With the joint declaration of Keizo Obuchi and Kim Dae Jung, Japan-South Korea relations should have taken a normal direction. Then why couldn't we walk that way? This is an issue. In other words, Japan moved forward in line with the declaration, but South Korea retreated. Why is this? We have to think about this problem right now. If this is misunderstood, future negotiations between Japan and South Korea will not proceed well. On the contrary, not only the Korean government but also the Kishida administration will be blown away in an instant. China will be staring at it.
History must probably repeat itself if the core issues disappear as a result of the long-lasting stress of the change of government from the left-wing South Korean government. It should be back in 1965, or maybe 100 years ago. At least in 1965, Japan and South Korea solved the problem comprehensively in the efforts of both countries. Japan and South Korea have reached an agreement for the future in Asia, which is suffering from postwar reconstruction that is incomparably difficult due to the current friction between Japan and South Korea.
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?
W Cup [Korea] After winning against Portugal, he stepped on -------------------- Excerpt from Seoul Newspaper (Japanese translation)
On the 3rd, the South Korean national soccer team, led by coach Paulo Bentu, suffered a fierce 2-1 win in the third and final match of Group H of the 2022 Qatar World Cup Group League against Portugal, which was held at the Alaiyan Education City Stadium in Qatar. They achieved a come-from-behind victory.
Immediately after the match, the players gathered for a commemorative photo. During this process, Song Min-gyu stepped on the Taegeukgi that was spread on the floor while changing his seat.
Netizens who saw him pointed out that his behavior was inappropriate. Some netizens posted on his social networking service (SNS), saying, ``I know he was happy, but he stepped on the Taegeukgi and took a photo, but please be careful next time.'' While watching the video, I was very surprised and angry.I feel embarrassed before the whole world sees it,'' and ``If you step on the national flag, please apologize first.''
Song Min-kyu posted on his Instagram story, ``After the game, I was so happy that I didn't panic and didn't even realize that I had stepped on the Taegeukgi.I don't think this should happen under any circumstances.'' I apologized.
-------------------- Excerpt from Seoul Newspaper
This country has traditionally trampled, burned, and torn the flags of other countries. Don't you realize that it's a shameful act?
the next presidential candidate Yoon Seok-yeol: The relationship between Korea and Japan has deteriorated to the worst level since the normalization of diplomatic relations.Diplomacy should be based on pragmatism and realism, but it has come to this point because of its ideological bias of "bamboo spear songs."The Moon administration is trying to sort things out at the end of the administration, but it seems to have failed.
Li Nak-yeon: I can't believe his recognition when I hear he said about bamboo spears.It was shocking that he made such absurd remark that is shallow historical understanding at Yoon Bong-gil Memorial Hall .
Lee Jae-myung: Japan, an aggressor, should have been divided, but Korea, a victim of Japan's invasion, was divided.
The next presidential election will also be a match between Japan and South Korea.For Japan, Yoon Seok-yeol is better for Japan to pursue diplomacy, but I personally think if the other two would be President Japan should recognize as a hostile country beyond anti-Japanese and historical issues.
In the first place, Japan has nothing to do with the Korean presidential election.Korea should Focus on internal affairs.Either way, Japan will only respond accordingly.Because it's a foreign country.
The Sino - Japanese issue is an intergovernmental issue. Japan and South Korea are civic issues. The people of Korea, a democratic country, cannot pretend to be innocent.
The difference between Sino-Japanese relations and Japan-South Korea relations is that Sino-Japanese relations are intergovernmental and Japan-South Korea relations is civic.As with the Takeshima issue, the Senkaku Islands issue is a territorial issue in Sino-Japanese relations.As for anti-Japanese education, both China and Korea have anti-Japanese education, and the two countries in the world are anti-Japanese.Although anti-Japanese, China and South Korea have completely different positions in history.Japan battled with China, and Korea was during the annexation of Japan and Korea, and above all, Japan didn't battle with Korea.
The Japanese do not criticize individual Chinese for the current Sino-Japanese issue.This is because the Chinese do not have the right to vote, and everyone knows that the expansion of the Communist Party of China's Xi Jinping policy is the cause.On the other hand, Japanese comments on Korea have attracted attention to the personality of Koreans.This is because the Japanese understand that the No Japan movement has become a social phenomenon in Korea beyond civic groups and that anti-Japanese education is the foundation of the issue.And most of all, Moon Jae In is a president elected by the people's votes.
It is natural that international relations will change somewhat if the regime changes.However, Moon Jae In hid behind the scenes and used private organizations to carry out anti-Japanese movements in the voice of citizens for political activities and diplomacy.That's all he's done for five years.Has he ever thought about how this would affect him in the future?
China and South Korea are both problematic countries for Japan, but the differences between the two countries need to be observed.