Korea Real Estate Bubble
2021-07-04
Category:South Korea I'm participating in the ranking.Please click and cheer for me.
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.
South Korea violates international law of the sea by not allowing the Japan Maritime Self-Defense Force the right of innocent passage - The Rising Sun flag is a reminder of the past.
The right of innocent passage is a right granted to United Nations member states
South Korea rejects the Japan Maritime Self-Defense Force because of the Rising Sun flag
Violation of China's territorial waters does not fall under innocent passage
Because it reminds me of the past...?
International law of the sea provides ships with the right of innocent passage. Even if ships are within the territorial waters of a coastal state, they may pass without obtaining prior permission from the coastal state, provided that the navigation is not considered harmful as stipulated in Article 19-2 of the United Nations Convention on the Law of the Sea. Thing. In this case, you will need to display the flag of your affiliation. It is a national flag or military ensign.
When considering the Rising Sun flag issue in terms of the meaning of this treaty, South Korea does not recognize the right of innocent passage to the Japanese Maritime Self-Defense Force, even though it has ratified the International Convention on the Law of the Sea. In other words, it is a violation of international law. On the other hand, Japan recognizes the right of innocent passage for Korean ships. The reason is that Japan has ratified the International Convention on the Law of the Sea.
In response to a question in the Diet about the relationship between Chinese ships repeatedly invading territorial waters around the Senkaku Islands and the right of innocent passage, the government decided in June 2021 that this does not constitute innocent passage as recognized under international law. expresses an opinion. The reason for this is that China claims sovereignty over the Senkaku Islands, which are part of Japan's territory, and that violating its territorial waters does not constitute innocent passage, but on the contrary, it is a violation of international law.
Has the South Korean government ever issued an official opinion regarding the Rising Sun flag and the right of innocent passage for Japanese ships, including those of the Japan Maritime Self-Defense Force? It should be released. Saying that you don't like it because it reminds you of the past is no basis for denying the right of innocent passage. This is because there is no such thing in Article 19-2 of the United Nations Convention on the Law of the Sea, which states that navigation is considered harmful.
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.
Moon Jae In wants pictures. Looking at the four years of Moon Jae In, it seems that they think that meeting heads of state and chatting with each other will make the world peaceful.Although the North-U.S. dialogue broke down due to Moon Jae In talked lies, Moon Jae In was just wanted to be photographed on camera, and after joint liaison office between the two Koreas was bombed.In ASEAN suddenly approached former Prime Minister Abe and took a picture they were sitting with Moon Jea In for a few miutes."At the Tokyo Olympics, Japan, South Korea, China and North Korea proposed a four-way summit, but the contents are unclear.When we meet, the world will be at peace.Now it is invalid because North Korea is not participating, but I don't understand why he want to meet the prime ministers.He still seems to think that he can achieve it just leaders meet.
South Korea has always opposed registration as a World Heritage Site. The meaning of culture is different from the rest of the world. People from all over the world come to Japan for a variety of reasons, including culture, history, anime and manga, cat cafes, maid cafes, traditional Japanese food, and other gourmet food. These are evaluated within the framework of culture. If we look at the definition of culture, we find that `culture is a system of ideas and value standards shared within a society, and a unique style possessed by a group.'
Cultural heritage must be something that has survived for a certain period of time, and can be thought of as something that has had a major impact on subsequent eras, and can be considered to be the "culture" of each country. It can be said that it exists within the range of value standards and definitions. Furthermore, Japan has registered 20 World Cultural Heritage Sites.
In this sense, South Korea is the only country to raise questions about Japan's registration as a World Cultural Heritage Site. This is not a historical issue, but simply a difference in the definition and framework of culture. Can they explain why Auschwitz in Germany and the Colosseum in Italy are world heritage sites? The Colosseum is an arena for killing each other.
If the common concept of ``culture'' in each country is the premise of world cultural heritage, then no Japanese person would object to the fact that Auschwitz and the Colosseum are cultural heritage sites. This is the Japanese way of thinking. In other words, it is different from Korea.
People visiting Japan come to see that there is almost no garbage left on the roads all over the country, and to see that the natural environment is still kept clean in one of the world's most developed countries, which is unique in the world. Although it can be said that this is Japanese culture that cannot be seen, there is no framework or precedent for considering such a culture that spreads throughout the nation as a cultural heritage.
Even if such a cultural framework were to match the world's definition, only South Korea would be opposed to it.
