Korea Real Estate Bubble
2021-07-04
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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.
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With only three days left before the South Korean presidential election, what is the contrast between the two manifestos and Japan - South Korea relations?
The Korean presidential election is only three days away.According to the latest opinion polls, the two seem to be at odds with each other's throats.In the past presidential election, it seems that the dominant candidate in the last poll won the election.Generally speaking, voter turnout is not the only way to go up.If the turnout is low, it will benefit the conservatives as well as the current administration.If voter turnout rises, those who are not usually interested in politics will participate in politics, which will be motivated to change the status quo.
Moon Jae In was working hard on how to get floating votes.This is the minimum wage increase and the feminist movement.And, it succeeded in winning floating votes for young people and women.The result is the worst policy, but the 2022 manifesto shows that there are many contrasting and worrying parts.Lee Jae-myung said, "It includes correcting Moon Jae In's mistakes.Specific industrial investments will create jobs, and urban functions would be dispersed as a countermeasure soaring land prices in Seoul.Yoon Seok-yeol, on the other hand, advocates attracting and increasing investment through the free economy.This is in contrast to industrial investment by large governments and job creation by small governments.
Lee Jae-myeong is pro-China and Yoon Seok-yeol is pro-U.S. in terms of diplomacy and defense.Yoon Seok-yeol mentioned the deployment of additional Saad.This means that the agreement with China will be scrapped.This means that China will confront China, but China is likely to impose economic sanctions on the Korean economy, which is highly dependent on China.Lee Jae-myeong did not mention the relationship with Japan, and Yoon demanded an apology and compensation from Japan.Does this mean that Japan-South Korea relations will be included in the U.S.-Japan relationship, rather than immediately restoring Japan-South Korea relations?In any case, if the right wins, there will be room for future negotiations from the Japanese side.However, relations between Japan and South Korea will end again when they demand an apology and compensation for the Japanese Military comfort woman issue.
No matter which candidate wins, I don't think I can expect much about Japan-South Korea relations.
Promise between Japan and Korea If you read the Korean news, They say that Japan and South Korea are using the Tokyo Olympics for political purposes, but they are not objective.This is because Japan has not done anything this time either.Prime minister Suga has done nothing but say that Moon Jae In will respond politely if she comes to Japan.Japan's attitude has not changed consistently, and the message has been conveyed to South Korea many times.Correction of violations of the 1965 Agreement, which was the basis for the restoration of diplomatic relations.This is all Japan has demanded, so there is no bargaining or anything.It was Moon Jae In who underestimated the issue and played tricks on it.
In addition, there are opinions that Japan and South Korea need to compromise and that the leaders of the two countries need to make a decision, but if Japan obscures the 1965 agreement, it will mean a break in diplomatic relations.The reason is that the agreement, which is a prerequisite for diplomatic relations, should be scrapped.The biggest problem is that the Korean people do not understand this and form public opinion.In other words, Japan will not budge an inch from implementing the 1965 agreement to prevent the South Korean government from breaking off diplomatic relations.In this respect, the act of drawing concessions from Japan itself is far from maintaining diplomatic relations.
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.
Japan - South Korea relations, in which historical issues arise.Korea is rejecting Japan, which is becoming a historical issue.
What is the Japan-South Korea issue?It's a historical issue.This is a historical issue 77 years ago.The Japanese government established a joint research committee on Japan-South Korea history to make it a historical issue, not a political one, but South Korea rejected it halfway.So what will happen if Japan-South Korea relations are segregated before and after World War II?Japan and South Korea established diplomatic relations in 1965, and there was no public cultural exchange until the Japan-South Korea Joint Declaration in 1998.Japan-South Korea relations ignore the 1965 agreement, the Japan-South Korea Joint Declaration, and various other promises made by Japan and South Korea, and continue to deal with historical issues more than 77 years ago, regardless of culture or economy.
I don't know why Korea, which continues to cry out for historical issues, refuses to accept the Japanese government's attempt to turn it into a historical issue into a historical issue.Korean politicians often use the term "two-track strategy," but it is only a false diplomacy from the perspective of Japan.Japan has already proposed a two-track strategy.It is not the idea of using what is available, but simply separating historical and political issues.
The Japan-South Korea Joint Research Committee on History, which was established under the Koizumi administration, is currently not active at all.How will this solve the historical problem?
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.
