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The exchange won rate has not stopped falling.The No Japan movement is a campaign to buy domestic products.Nothing will change under the chaebol economy.
South Korea's trade dependence on GDP is more than 70 percent, including the service sector.In other words, domestic demand is low and foreign exchange is directly affected.Even if foreign demand is received, it does not circulate at home and flows abroad.If the person who made the purchase contract increases the dollar by 5% at the time of payment, the payment will increase by 5%.The won-dollar exchange rate is 1,200 won, but it has been hovering around 1,200 won in recent days.
In order to maintain international competitiveness, chaebol companies such as SAMSUNG buy parts in bulk and produce them in bulk to reduce costs and sell them at low prices.In this case, large debts are always carried out and large payments are repeated, and problems arise when the value of the currency changes significantly during that period.This is the so-called default.Under these circumstances, the won's international credit rating has not increased, and South Korean companies can trade in dollars depending on the L/C of Japanese commercial banks.
South Korea experienced two foreign exchange crises in 1997 and 2008.No country will experience two foreign exchange crises in 10 years.In other words, South Korea's industrial form is vulnerable, and in short, it is trading beyond its currency capabilities.
Considering what Moon Jae In wants to do, the real intention is to socialize, control the currency, and stabilize the value of the won.Do you think the boycott is a campaign to buy domestic goods if it is reversed?
South Korea is listed by the FRB as a currency manipulator.
The reason why domestic demand is not expanding is the existence of chaebol companies.The role of chaebol companies in driving the Korean economy is important, but on the other hand, investment in chaebol companies is concentrated and other industries are not growing.In addition to the businesses run by chaebol companies, how can Korean companies grow globally?It can only be done with its own money without investment.
This structure will not change even if there is a boycott Japan.As a currency manipulator, even if it leaves the liberal economy, it will not change.It is necessary for the government to take the lead in fostering domestic demand and to attract investment in what industries to foster domestic small and medium-sized enterprises.The boycott Japan does not mean that South Korean domestic companies' sales will increase.
Moon Jae In's term of office is less than three months, and criticism from his country seems to be gathering.I think it's quite late from Japan view.
severance of diplomatic relations betwee There are many people in both Japan and South Korea calling for a break in diplomatic relations, but I thought that a break in diplomatic relations between Japan and South Korea should be expected from the beginning after the recruitment ruling and the exclusion of White countries.Former Prime Minister Abe already expressed his opinion on July 3, 2019, that the exclusion of White Country was not retaliation for the recruitment ruling, but a failure to keep his promise between countries.The 1965 Agreement is an agreement on claims in the treaty in which Japan and South Korea restored diplomatic relations.Abolition of this agreement is a loss of the premise of diplomatic relations, and it is obvious that diplomatic relations will break off.
Now, considering the specific problems of breaking off diplomatic relations at the private level, the video link I posted is a couple of Japanese and Taiwanese Youtuber.If private marriage is allowed, private economic activities are allowed.Strategic materials and military-related products that must be negotiated between governments will be regulated.It would be a substantial break in diplomatic relations if we could not communicate with each other at the opening ceremony of the Tokyo Olympics.
On the other hand, countries without diplomatic relations have no further interests and do not lead to war.It is not the break of diplomatic relations that is in danger, but the travel ban order.Japan has a special relationship called Taiwan.The lack of intergovernmental exchanges has never been a problem at the private level.
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 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?
Yoon Seok - yeol wins the 20th presidential election...with a narrow margin of 1 percentage point.
Yoon Seok-yeol of the opposition party won the 20th presidential election by a narrow margin of 1 percent.Conservative parties have taken back the chair where pro-China and pro-North Korean left-wing presidents sat for five years.Yoon strongly criticized the Moon Jae In administration's policies and is eager to improve relations with Japan by taking a pro-U.S. stance.However, there are many concerns.
The future of the Korean economy, which relies heavily on the Chinese economy, is uncertain because the Democratic Party won about 60% of the seats in the 2020 general elections and Yoon Seok-yeol mentioned the deployment of THAAD.And even if Japan is eager to improve relations, it is based on Japan's apology and compensation, and in fact, it is drawing a starting line in the same place as the Moon Jae In administration.
The Japanese government is expected to remain parallel for a while because it is difficult to change its position that it has already been resolved through the Japan-South Korea Claim Agreement and the Japanese Military Sexual Slavery Agreement.However, the anti-Japanese movement is expected to subside as Korea's anti-Japanese sentiment is limited to Japanese Military Sexual Slavery and recruitment issues, but the Japanese government is expected to use U.S. power to demand an apology from Japan.
The election results are close to 1%, so regions with significant results are:
North Gyeongsang Province: 72.83% for Yoon Seok-yeol, 23.73% for Lee Jae-myeong
North Jeolla Province: 83.05% for Lee Jae-myeong, 14.36% for Yoon Seok-yeol
South Jeolla Province: Lee Jae-myeong 86.22%, Yoon Seok-yeol 11.34%
Gwangju Metropolitan City: Lee Jae-myeong 85%, Yoon Seok-yeol 12.56%
The difference is between 5% and 20% at most, regardless of which of the four regions is dominant.In any case, Lee Jae-myung's approval rating is close to 1 percent depending on the Honam region.Lee Jae-myung won only in Gyeonggi Province, Sejong Special Self-Governing Province, and Jeju Special Self-Governing Province.I heard that Moon Jae In also became president with the support of the Honam region.This is an enthusiastic pro-China anti-Japanese area, and this is probably the central area where they want to sell their seafood by inciting harmful rumors of Fukushima Prefecture seafood and criticizing Fukushima treated water.
First of all, it's a good thing that a conservative president takes office as a choice for better one, but Japan needs to calmly identify the other person.
