Korea Real Estate Bubble
2021-07-04
Category:South Korea
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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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Kim Koo and Moon Jae In Kim Koo went to North Korea to oppose trust rule and advocate reunification and independence of the two Koreas, but Kim Il Sung did not seem to deal with him.It was also abandoned by the United States.Moon Jae In is very similar.Moon Jae In names Kim Gu as the most respected politician.Do you mean that the right and left sides of Korea are Lee Seung-man and Kim Gu?Either way, they are anti-Japanese.
Prime Minister Kishida and South Korea's next president, Yoon Seok - Yeol, have a telephone conversation. Will there be any changes in foreign policy?
Regarding Yun Seok-Yeol's telephone talk with Prime Minister Kishida of Japan following the US, the South Korean Ministry of Foreign Affairs' foreign policy states that ``we will strengthen mutual assistance with China, Japan, and Russia, centering on the South Korea-US alliance. ”, which indicates that the telephone conversation did not follow the order of current foreign policy.
Looking at South Korea's diplomatic white paper for 2021, it uses expressions for Japan that are a step above the terms ``closest neighbor'' and ``neighboring country,'' and after looking into it, it appears that this expression has been adopted in 2020.
Similarly, in 2020, Japan reinstated the expression "important neighbor", which had been removed in 2018 and 2019. Although this appears to be in response to South Korea's move, it is a step down from the "most important neighboring country" that was used up until 2017.
Since this was a telephone conversation to report on the election, I don't think it will have a direct impact on Japan's diplomatic blueprint for 2022, but since the South Korean president will be inaugurated in May, it is important for the country to be able to carry out full-fledged diplomatic activities. will be after that.
It may be necessary to check the 2022 edition of the Diplomatic Bluebook to see if there will be any changes in Japan's foreign policy in the future
The president Moon Jae In's last resistance to the relocation of the president's office.cloud over election pledges.
They seem to be at odds over the relocation of the presidential office in South Korea.Yoon Seok-yeol, who is scheduled to become the next president in the presidential election, will not work at Cheong Wa Dae.He promised to relocate.The current Moon Jae In administration has made moving stop.Specifically, the government was about to start the relocation work after obtaining approval for the reserve fund expenditure at a Cabinet meeting scheduled for March 22, but it seems that it is not possible to obtain the reserve fund budget.The current presidential office Cheong Wa Dae said, "It is impossible to move the presidential office before the new administration takes office."Yoon Seok-yeol said, "If Moon Jae In refuses to cooperate on the most representative transition tasks, there is no way to enforce them."
Yoon Seok-yeol and the party "the power of the people" expressed their anger at President Moon, who said they could not agree to move the Ministry of National Defense and the Joint Chiefs of Staff due to security instability."The situation in which the president cannot enter the office and cannot be properly guarded will cause the security crisis of the Republic of Korea. Cheong Wa Dae's refusal to compile a budget on the grounds of a security vacuum is nothing more than a hindrance to the inauguration of the new government."
After all, it seems that the plan to relocate Cheong Wa Dae on May 10, when the administration takes office, was unreasonable.Moon Jae In The administration seems to say that it is impossible to transfer security and Cheong Wa Dae functions by that date, and whether it is correct or not, the relocation of Cheong Wa Dae should have been done at the right time after taking office.In other words, the first item in the election pledge has already been nullified by the ruling party.At least where the presidential office is held is not a matter, and it seems to be nothing more than a dispute that lacks substance.
Mr. Yoon Seok-yeol also seems to have been a bit slow to read.The current president is a Democrat with 58 percent of the seats in the National Assembly.I don't think I can get their help.
Death toll from Halloween Shogi chess accident in Seoul rises to 151 - Different countries respond differently to similar accidents.
Deadly accident occurs on Halloween in Seoul
Akashi fireworks festival accident for which police were held responsible
Shanghai accident started with suspicious report
China's return to people's responsibility
How will South Korea sum up this issue
The number of people killed in a shogi accident during Halloween in Seoul has increased to 151. This is the worst accident in terms of man-made disasters. This accident reminds me of the Akashi fireworks festival accident in Japan and the New Year countdown accident on the Shanghai Bund in China. Shogi accidents occur when players are pushed from behind in a crowded crowd, or when they step on someone else's foot and lose their balance. This chain causes a major accident.
This also happened during the Akashi Fireworks Festival, and 11 people died. However, it is impossible for the people who disrupted that arrangement to be held responsible. Problems with the police and security were investigated day after day, and in the end, a civil court ordered Hyogo Prefectural Police and the security company to pay damages. The conclusion is that it was foreseeable and that the necessary measures were not taken. In the criminal trial, one police officer and one security company were sentenced to 2 years and 6 months in prison, and 3 city employees were sentenced to 2 years and 6 months in prison, suspended for 5 years was found guilty.
Next, regarding the incident in Shanghai Bund, I was in Shanghai on the day of the accident. A Chinese person I spoke to the next day asked me, didn't you go to the Bund last night? I found out when I was asked. According to the news reports after the accident, 36 people were said to have died. From then on, it turned out to be a complete lie. On New Year's Eve, Shanghai was in a state of chaos, with people rushing to the point where it was difficult to walk, not only on the Bund, but also everywhere, including the station premises, and it would have been no surprise if an accident occurred anywhere. . If it was an accident during the New Year's countdown on the Bund, it was clear that 36 people would not have been there.
Afterwards, I was looking into how this incident was summarized in China, and came across an article called Expert Opinion. "Increase public awareness of safety, avoid danger, and avoid crowded places." In other words, public responsibility for gathering too much. It was not intended to hold the government or police responsible.
There was clearly a problem with the accident in Seoul, and it was a catastrophe in which many people died. Maybe it's because it happened right after the accident, but when I look at articles from South Korea, there doesn't seem to be any complaints about the lack of police or security. In Japan, a ruling after the accident increased the responsibility of the police and security companies for events where large numbers of people gather, resulting in an increase in the safety of citizens.
Shogi falling accidents occur in various countries, but the way each country views and deals with the problem is completely different. How will South Korea summarize this accident?
Moon Jae - in's words regarding Park Geun - hye's pardon are abstract; who is the one who created the division?
[Excerpt from Chosun Ilbo article (translation)]
On the 24th, former President Park Geun-hye expressed her gratitude to President Moon Jae-in for granting him a special pardon.
Lawyer Yoo Yong-ha, a close aide to former President Park, met with reporters in front of Samsung Seoul Hospital in Gangnam-gu, Seoul, where former President Park was hospitalized, and relayed former President Park's words on his behalf.
Regarding former President Park's health condition, attorney Yoo said, ``It looks like she will be receiving treatment at a hospital for the time being,'' but added, ``I cannot comment on the specific health condition right now.''
Regarding former President Park's future plans, lawyer Yoo said, ``Right now, he is concentrating on treating a new disease.He told me that he would not meet with anyone.''
On this day, to celebrate the new year of 2022, the government granted a special pardon to former President Park, who is currently in prison after being found guilty in the National Agricultural Organization Incident.
``We must overcome the pain of last year and move on to a new era,'' President Moon said, ``I hope that this will be the beginning of a new era of unity and harmony that transcends differences and pros and cons.'' .
President Moon said, ``Rather than being buried in the past and fighting each other, it is time for us to boldly work together toward the future.''Especially given the many challenges facing us, we must strive for national unity and humility.'' There is an urgent need for inclusiveness."
[Excerpt above]
Moon Jae-in's words have an abstract meaning: the people will come together as one and create a new era.
It is said that Moon Jae-in himself was the one who created the cause of the nation's division in the first place. The main argument of the opposition parties is that Moon Jae-in became president after taking advantage of Park Geun-hye's impeachment, and that the current left-wing government is the one that carried out various schemes surrounding the impeachment.
There are many people who feel that it is strange that this pardon was decided for the exact same reason as the previous pardon was not granted.
In South Korea, the president is arrested every time there is a change of government. Perhaps because of the culture of grudges, there is a history of retaliation for retaliation.
Many people take this to mean that Moon Jae-in is asking for a pardon and the charges against him to be reduced.
Moon Jae-in's term remains until next year's presidential election. Many people seem to feel uncomfortable about being pardoned at this timing.