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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The new President Yoon Seok - yeol will be confused by many obstacles to its government.The general election will be held in 2024.
Yoon Seok-yul, the president, will be worried about the distortion with Congress.The Democratic Party which is ruling party has 172 seats (58.31 percent).It is still difficult to determine how the president can implement his policies in this power map.If you look at the presidential authority of the Korean Constitution, there are Articles 53, 73 and 74.Article 73 is the authority to sign diplomatic treaties and Article 74 is the command of the military.Article 53 provides the right to request reconsideration of a parliamentary resolution.Article 49 states that the bill will be approved by a majority of lawmakers and a majority of those present, but if the president requests reconsideration, it will require a majority of attendance and a 2/3 votes.If the figure is to rise from 58.31 percent to 67 percent, the ruling party will have to add to win 25 votes in favor.
The ruling party's bill is likely to be rejected if it is returned.However, since this is a request for reconsideration of the bill already approved in Congress, the bill submitted by the opposition party "People's Power" is likely to be overthrown by the ruling party in Congress.In other words, Yoon will have to wait for the 2024 general election to take effect.Before that, various bills could be rejected by Congress, and the Manifesto incident could be eliminated.In this environment, diplomatic rights such as strengthening the ROK-U.S. alliance may be exercised to sign treaties or agreements.
Yoon Seok-yeol is also eager to improve relations between Korea and Japan.In response, Prime Minister Kishida said, "It is important to communicate closely with the new president and the new administration in order to restore sound relations based on Japan's consistent position.I want to see the new government's movements in the future and talk to the new government."Yoon Seok-yeol said in her manifesto, "Japan's apology and compensation are the prerequisite for improving relations between Korea and Japan," drawing attention to future developments."
In any case, he won the presidential election, but the difference in votes was less than 1 percent, 0.73 percent, and half of the people supported the opposition candidate.
It is difficult to determine how far policies can be implemented with presidential authority alone.Anti-Japanese forces are still strong.
South Korea's Next Presidential Candidate "I Love the Japanese People" and Continuous Anti - Japanese Remarks.
Lee Jae-myung, a candidate running for South Korea's next presidential election, said on November 25th, ``I love the Japanese people and respect their civility,'' and added, ``Japan invaded South Korea and attacked dozens of people. "He has a history of dominating and expropriating Korea for many years." "He is still dreaming of becoming a military power and is provoking that Dokdo, which South Korea effectively controls, is his own territory. He is also clear about historical issues. It doesn't seem like he is sincerely remorseful, so of course I'm worried."
Lee Jae-myung, an anti-Japanese force who said he loves the Japanese people. What followed was a series of incoherent statements.
First of all, he does not seem to understand the root of the current problems in Japan-Korea relations. This is not a historical issue from the beginning. The problem is that South Korea was taking advantage of its position as a friendly country and taking advantage of its position as a white country to divert strategic materials imported from Japan that require strict control to third countries. .
Then there is the issue of the state of the abrogation of the claims agreement, which is the basis of Japan-South Korea diplomatic relations, by reviving individual claims and issuing compensation orders to the Japanese government and Japanese companies in domestic courts. Without understanding that this is not a problem of the past but an ongoing one, saying that we love the Japanese people will not improve Japan-Korea relations.
The five years of Moon Jae-in created an irreparable rift in Japan-Korea relations. Do they think that if the anti-Japanese mood as a national sentiment subsides, things will be manageable on the surface? Japan has given up on relations with South Korea due to anti-Japanese activities since Moon Jae-in took office, and has continued to build relations with other neighboring countries.
Commitments and work with his new partner are occurring one after another. If you don't fully understand these things, you'll just think it's a childish and shallow idea.
Japan has been putting up with South Korea for many years, but since it was excluded from the white list, it has created partners other than South Korea. Will South Korea ever return to being our most important neighbor?
Moon Jae In Cancelled of Visiting Japan Prime Minister Suga's remarks at a press conference: I havsaid I will treat him with diplomatic manner if President Moon will come to Japan.Along with the announcement of the president's postponement, South Korea has expressed its hope for the success of the Tokyo Olympics and Paralympics.I would like to keep this in mind.Furthermore, in order to restore Japan-South Korea relations to a healthy relationship, we would like to continue to communicate firmly with South Korea based on Japan's consistent stance."
The first point is to respond politely to visiting Japan (meaning participate in the opening ceremony of the Olympics).It didn't mean a summit meeting.
The second point is to communicate firmly with South Korea based on Japan's consistent position (assuming that Japan does not make concessions).
Whether Moon Jae In had completely misread these two points or pretended not to understand them, they had passed each other from the very beginning.
Yoon Seok - yeol (41.4%), [KSOI Korea]Lee Jae - myung (36.2%), and Lee Seok - yeol (41.4%), respectively. According to a survey of 1,004 adult voters nationwide from June 14 to 15, 41.4 percent of Yoon, 36.2 percent of Lee and 9.6 percent of Ahn.Yoon's approval rating rose 6.2 percentage points from Jeonju, while Jung's approval rating dropped 5.5 percentage points from 15.1 percent.Lee also lost 1.4 percentage points.Sim Sang Jung Justice Party candidate Kim Dong-young and Shinbo candidate Kim Dong-young received 3.6 percent and 0.9 percent respectively.
The approval rating gap between Lee and Yoon is 5.2 percentage points, but Yoon's approval rating has recovered to 40 percent in five weeks.Yoon also recorded 44.6 percent in Seoul, ahead of Lee (35.5 percent).
In the survey, 24 percent of respondents said they were progressive, the lowest percentage since February last year.Conservative tendencies were 34.8 percent, middle-income groups 24.9 percent, and unknown groups 6.3 percent.Regarding the nature of the next presidential election, 50.3 percent of the respondents chose "regime trial" and 36.5 percent chose "regime re-creation."Regarding the influence of television discussions on candidates, 60.8 percent said they would have an impact, while 35.4 percent said they would not.The survey was conducted using ARS (Automatic Response System) using mobile phone virtual numbers provided by telecommunications companies.
[Korea] Unable to accept the fact that the Rising Sun flag was saluted at the naval review ceremony, he started saying that it might not be the Rising Sun flag.
Ship review ceremony attended by South Korean military for the first time in 7 years
A disturbing debate erupts
If it's not the Rising Sun flag, don't yell from the beginning
The South Korean Navy participated in Japan's naval review ceremony for the first time in seven years. Attention was focused on whether or not he would salute the Japanese naval ship holding the Rising Sun flag, and it appears he did so. This is the minimum international ritual required for a ship review ceremony. Do Koreans salute the Rising Sun flag? He's a traitor. There are a lot of criticisms like this, but if that's the case, then you should just not participate in it in the first place.
This is the first time the South Korean military has attended a Japanese naval review ceremony since 2015, during the Park Geun-hye government. There are other completely unbelievable discussions taking place in South Korea. The Rising Sun flag of the former Japanese military and the flag of the Japan Maritime Self-Defense Force are very similar but slightly different, so there are opinions that this flag is not the Rising Sun flag, and opinions that it is the Rising Sun flag.
In other words, on the premise that he had to take part in a naval review ceremony and take a salute, he said in frustration that if he looked closely, it might not be the Rising Sun flag. Have they forgotten that they have repeatedly complained that the crab pattern on the wrapper of Burger King's ``Snow Crab Whopper'' is the Rising Sun flag?
