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Korea Real Estate Bubble This is the KOSPI chart.Why does it go up when investment from Japan has decreased by 50% and investment from the United States and the EU has decreased?You'd better imagine who's buying stocks.One is Chinese money. This is exactly what the current administration wants.Another is stock investment, which is secured by soaring real estate prices.Another is private investment by ordinary people who cannot buy real estate, even if they borrow money from rising stocks.In other words, it is a bubble.The IMF warned that Korea's household debt is above the danger level.Judging that this is a temporary phenomenon, it is better to stop borrowing money and investing in real estate and stocks to increase assets.
South Korean President with 28% Approval Rating - Breaks Promises to China if Seeking Relations with Japan - Country that Breaks Promises to Japan if China [Contents]
South Korea's new president with low approval rating
It's advantageous if you don't make achievements
Anti-Japanese Appeal on the Takeshima Issue
China just waits and sees
Change of government will change things
President Yoon Seok-yeol's approval rating is 28% (according to Gallup Korea survey), and he has been facing a tough fight since he took office. Since the administration began as a lame duck in the first place, there is no change in the situation where the government cannot move unless the power of the people wins the 2024 general election.
Looking ahead to 2024, the Democratic Party of Korea, which is the enemy, will be at a disadvantage if President Yoon produces results and achievements. There is no mistake in going on the offensive of not letting the president do anything.
Although President Yoon Seok-yue has appealed for the improvement of Japan-South Korea relations, he is willing to make concessions on the Takeshima issue, such as by conducting marine surveys around Takeshima. Even at this stage, he is ridiculed as a pro-Japanese president or a betrayal president. In any case, from a Japanese point of view, it can only be seen as a double standard.
As for China, as was the case with Moon Jae-in, it seems that they are just watching the future of this administration.
The deployment of THAAD under the Park Geun-hye administration cooled relations between China and South Korea, but under the Moon Jae-in administration, they exchanged promises with China about the three non-compliances, and the current president has declared that he does not know about the three non-compliances.
Right-wing and left-wing South Korea have a unique structure of pro-U.S./pro-Japan and pro-China conflicts, and they seem to understand well that a change in government can lead to a major change in diplomatic policy.
In the first place, isn't there a question in South Korea about where the national ideology of South Korea, which goes back and forth between liberal democracy and socialist dictatorship, lies? On the contrary, they are constantly intimidatingly questioning each other about meaningless alternatives, whether they are pro-Japanese or anti-Japanese.
South Korea, where anti-Japan precedes the national ideology of democracy or socialism. Any problem can be dwarfed by anti-Japan fire, making it a very easy tool to use politically.
President Yoon Seok - yeol said,
The Hankyoreh newspaper reported that the expectation that President-elect Yoon Suk-yuei will "do well" in state affairs has dropped for two weeks since taking office, raising the prospect that he will "do poorly.Moon Jae In Compared to 46.7 percent of the respondents said they are doing well, the expectations before taking office are low.
Yoon Suk-yuei said to move his President's office to another place, but before the inauguration of the president, the ruling Democratic Party of Korea and Moon Jae In have made it unable to move offices.
Meanwhile, the current president and the next president finally met on the 28th.Until then, the succession of the presidential office had not been realized in a tug-of-war between the ruling and opposition parties.The Hankyoreh newspaper seems to be advocating the Dalian government with the ruling party, but it seems to be quite unreasonable.This is because the election pledges of Yoon Seok-yeol and his rival Lee Jae-myung are water and oil , and there are few compatible factors.In the case of the Dalian administration, Cheong Wa Dae will have to make concessions to the ruling party in many respects, and it will end up being difficult to know what they are actually doing, even though they seem to have come together.
In order to resolve the strained situation, the power of the people must win the national election in 2024 and become the ruling party.It is highly likely that many legislative bills will not pass due to resistance from the ruling party even if they implement their own policies in a twisted state for the next two years.In that sense, nothing is expected to change for a while even if he is inaugurated as the new president.How to survive the two years and win the national election will all be after that.
Yoon Suk-yue is calling for improved relations with Japan and strengthening U.S.-South Korea relations, and the ruling party is insisting on keeping a distance from China.
What happened to hydrogen fluoride - South Korea claims to have overcome Japan, but what is its relationship with product defects?
Moon Jae-in wants to say we won against Japan
Japanese hydrogen fluoride has fewer impurities
Relationship between hydrogen fluoride and defective rate
Massive recalls in America
Kona EV burst into flames again
Don't worry about exploding cars
In his farewell address, former President Moon Jae-in said that all people came together to overcome the crisis caused by Japan's unfair export restrictions. However, looking at the data, of the three export control items, hydrogen fluoride has decreased by 86% compared to fiscal 2018, while other items such as photoresist and fluorinated polyimide have remained almost unchanged.
Former President Moon Jae-in has loudly declared that hydrogen fluoride has been successfully domestically produced, but regarding the quality of hydrogen fluoride, it is Japan's hydrogen fluoride is 12N (99.9999999999%). There is talk that hydrogen fluoride, which is said to have been developed by Korea's LG Chem, may be 5N. ~N is the number 9, and 12N is 12×9. In other words, Japan's hydrogen fluoride has as few impurities as 12 nines in a row.
Hydrogen fluoride is used to clean machines and processes used in precision machinery manufacturing. What happens when there are many impurities here is an increase in the product defect rate. What about the defective rate of Korean products? Whether it went up or down, if there is no change, then whether it is 12N or not has little meaning.
On August 20, 2021, the US automobile giant General Motors (GM) expanded the scope of the recall due to the risk of fire in the battery pack installed in the electric vehicle (EV) “Chevrolet Bolt EV”. announcement. As a result of this announcement, all models of the Chevrolet Bolt EV released so far are subject to a recall. The battery manufacturer for this car is LG Chem.
In January 2022, another fire occurred in the Kona EV, in which Hyundai Motors had replaced the battery due to a recall after a series of battery fires. A fire broke out while the vehicle was running and was completely destroyed. According to Korean media, internet communities, and fire authorities, a fire accident occurred in a Kona EV that was traveling on Taean Road in South Chungcheong Province at around 6:46 pm on the 11th. The accident vehicle was a 2020 model, and the battery had been replaced due to a recall in September last year.
The explosion of lithium-ion batteries was a hot topic in the past when a Sumsung smartphone exploded into flames, but now that EV cars are being developed, the large batteries used to drive the car explode and burst into flames in the blink of an eye. It is unclear whether it has anything to do with hydrogen fluoride, but there is even a rumor that some Japanese-made hydrogen fluoride is being imported from China.
It would be surprising if they were going to such lengths to protect the country's face-to-face contact, but we should continue to pay close attention to defective products from South Korea.
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.
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.
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?
South Korea is listed by the FRB as a currency manipulator.
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.
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.
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.
