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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Tokyo Olympic Summit With the possibility that Suga's general election will be held in September, is Moon Jae In trying to shake up the situation by citing summit talks and participation in the Olympics?To put it bluntly, holding a summit between Japan and South Korea will only have disadvantages for Prime Minister Kan.Shigeru Ishiba, who has been considered a candidate for the next prime minister in last year's general election, was criticized by the people as a result of his appeal for reconciliation with China and South Korea.Prime Minister Suga probably does not want to get involved before the general election.
Taiwan and South Korea, which have experienced Japanese rule, will continue in parallel forever.
Parallel worlds are hypotheses in science fiction and quantum mechanics, not proven stories.However, if you look at the difference between Taiwan and Korea, it looks like a parallel world.At some point in the parallel world, two pasts are born.The branches do not intersect, but are positively parallel worlds that will last forever.
Taiwan was incorporated into Japan after the Sino-Japanese War and came under Japanese rule.It lasted 50 years from 1895 to 1945, longer than the Korean Peninsula.The annexation of Japan and South Korea lasted from 1910 to 1945.Taiwan continues to thank Japan for its development under Japanese rule, saying, "Taiwan's national character and independence have been learned from Japan."In the wake of the Great East Japan Earthquake, it was also the world's largest donor country.
It is said that South Korea was trampled down by Japan, Japanese comfort woman was used as sexual slavery, and recruiters were like slaves, and most of the Koreans were slaughtered by Japan.There are two worlds, the past.In this sense, Taiwan, the world's leading pro-Japanese country, and Korea, the world's leading anti-Japanese country, have emerged.The parallel world is now underway in East Asia.Of course, Japan is in the same space-time as Taiwan.Does this mean that space and time do not intersect?
Korea criticizes Japan for not learning history, but many countries in Asia appreciate Japanese rule.
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?
South Korean delegation insists on 'efforts from both countries' - Japan is fulfilling all its promises - South Korea is the one who is not making enough efforts
South Korea says efforts from both Japan and South Korea are necessary
Intentions of both countries passing each other
What is the destination that Korea envisions?
If we misunderstand the Korean issue, the government will tilt
Japan has already apologized many times
Japan fulfills all commitments
What does the effort of both countries mean?
While the recent South Korean delegation's visit to Japan has been reported as if the two countries have once again returned to the direction of improving Japan-Korea relations, the response of the Japanese government, including the prime minister, has been criticized. The South Korean side is keen to improve Japan-Korea relations, and as a result, interviews with the current prime minister, former prime minister, and other ministers were held. The most important point is that a gap that cannot be filled has been identified.
The rift is that while Japan is demanding that South Korea "fulfill its commitments," South Korea has consistently stated that "efforts from both sides are needed." This means that South Korea will not make unilateral concessions. More specifically, before the presidential election, President-elect Yoon Seok-Yeol met with Lee Yong-soo, a self-proclaimed representative of former comfort women, and said, ``We must demand an apology from Japan.'' has promised that he will receive it. That's probably what he's saying.
What kind of efforts does South Korea want from Japan? For example, is the Japanese Prime Minister going to South Korea, meeting with former comfort women, apologizing, and reporting the moving scene as an attempt to settle the matter? However, if South Korea's next government does not understand that this is an unlikely future, improving relations seems a long way off.
If Prime Minister Kishida were to do something like that, the Kishida administration would surely collapse, and even in this meeting with the parliamentary group, there are voices calling for Kishida to be removed from the position of prime minister. There are even voices saying that they will not vote for the Liberal Democratic Party in the next House of Councilors election. Reasons for this include the forced labor judgment and the abrogation of the Japan-Korea comfort women agreement.
Regarding the South Korean delegation's visit to Japan, since it was a group of parliamentarians before the inauguration of the new South Korean government, there were many opinions that Japan should also conduct the visit within the framework of parliamentary exchanges and that the government should not deal with it.
The comfort women agreement states, ``This is an issue that has deeply damaged the honor and dignity of many women, and from this perspective, the Japanese government is acutely aware of its responsibility.'' I would like to express my heartfelt apologies and remorse to the people of... Yun Seok-Yeol seems to think that since he has expressed his apology, it would be okay to apologize face-to-face. However, the agreement states, ``As the Japanese government declares the above and steadily implements the measures in (2) above (establishment of a foundation), this announcement will ensure that this issue will be finalized and irreversible.'' to make sure it is resolved."
The 1965 Claims Agreement, including the issue of forced labor, was already resolved. Japan is simply asking South Korea to faithfully implement these agreements. Japan has fulfilled all of its responsibilities, so all that remains is for South Korea to fulfill its own responsibilities. In other words, it is no longer an issue for both countries to make efforts.
Jeong Jin-seok, head of the South Korean delegation, claps his hands together and says that only by joining hands like this can relations be improved. Hearing these words, I can't help but think that South Korea's next new government may not even understand what the current situation is. This is because the efforts of these two countries resulted in the Claims Agreement in 1965, the Japan-South Korea Joint Declaration in 1998, and the Comfort Women Agreement in 2015, which is exactly the kind of hand-to-hand situation that Chung described. It is South Korea that unilaterally abolished these . Japan must not take a step back from this line.
If we look at Japan-South Korea relations after the restoration of diplomatic relations, South Korea has completely torn up all previous agreements. Is the next agreement really necessary?
Meeting with South Korean parliamentarians and Foreign Minister Hayashi. Is it meaningful to deal with mere performance diplomacy? An unprecedented response between members of the Diet and government ministers
Foreign Minister Hayashi met at the Ministry of Foreign Affairs on the morning of the 25th with the "policy consultation delegation" sent by South Korean President-elect Yoon Seok-you to Japan. There have been criticisms within the Liberal Democratic Party of having a meeting between a mere parliamentary group that has not yet been established as a government and Japanese government ministers. Since it is unknown whether they are really delegations, will the Foreign Minister visit all of them when a foreign member visits Japan? And since I had an interview with the members of the Diet, there is no reason why Yoon Seok-you would not have an interview after taking office as president.
Interview in a state of violation of international law
Currently, the Japanese government is in a position not to negotiate unless the Korean government corrects the state of violation of international law, and the state of violation of international law has not changed yet. After that, They had a meeting with former Minister of Finance Fukushiro Nukaga of the Liberal Democratic Party and former Minister of Education, Culture, Sports, Science and Technology Nakagawa of the Constitutional Democratic Party, who are the chairman of the Japan-Korea Parliamentary Union, at a hotel in Tokyo for about an hour and a half. One of the points that should be evaluated is that the Korean parliamentarians should return to the Japan-Korea relations at the time of the 1998 Japan-Korea Joint Declaration. In 1998, it became a joint declaration that embodied the ideal way of exchange between Japan and South Korea from the 1965 Japan-Korea Basic Treaty, such as the opening of Japanese culture in South Korea and the resolution of the problem of fishing rights in Takeshima. Even if it is simply said to improve Japan-South Korea relations, it is commendable that they have discussed them many times and have shown specific target points because the Korean side has destroyed everything for their own convenience. However, even if it returned to the time of the Japan-Korea Joint Declaration, this declaration was virtually invalidated by the National Assembly of South Korea in less than two years. How can we prevent it from being invalidated again even if it returns in 1998? That point is missing.
Do you make another promise with a country that does not keep your promise?
I think that the problem that South Korea does not keep its promise is that the country itself does not have a structure to keep its promise. Even if the president of that era considers the times and makes a promise with Japan through diplomatic immunity, Korean parliamentarians who have an anti-Japanese structure and an anti-Japanese constitution will invalidate them with the power of the legislature. Is the Kishida administration rushing for easy diplomatic achievements as it has no diplomatic achievements so far? Foreign Minister Hayashi is in a good mood playing the piano in the United Kingdom. Will he repeat the Japan-Korea relations that he has repeated over and over again?
