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Moon Jae In Cancelled of Visiting JapanPrime 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.
[Korea] Yoon Seok - you's inauguration speech to democracy and liberalism [full text]
Respected and dear people,
7.5 million overseas compatriots,
And to all the world citizens who love freedom
I am here today with an epoch-making vocation that must rebuild this country as a country where the people are the true masters on the basis of liberal democracy and the market economy system, and make it a country that plays a role and responsibility in the international community. I stood up.
We would like to thank all the people who have been with us in the historical setting.
Tora Wen, Former President Park Megumi, President Jacob of Singapore, President of the Central African Republic of Tuadera, Vice President of China Wang Qishan, Former President of Indonesia Megawati, Vice President Harris Emhoff Harris, Senator George Fury of Canada, We would like to express our deep gratitude to Japan's Foreign Minister Yoshimasa Hayashi and other congratulatory missions from around the world and to all the guests from Japan and abroad.
We would like to take this opportunity to pay tribute to the people who have endured great pain in the process of overcoming the pandemic of the new coronavirus infection for the past two years.
We would also like to thank all the medical staff for their dedication.
Respected people,
World citizens
Now, the whole world is one country alone or only a few countries participating, such as the pandemic crisis, changes in trade order and restructuring of supply networks, climate change, food and energy crisis, and retreat of peaceful resolution of conflicts. Faced with difficult challenges.
Various crises cast a complex shadow on human society.
In addition, many countries, including South Korea, are swaying and breaking down the cohesiveness of their communities due to ultra-low growth, large-scale unemployment, deepening polarization and diverse social conflicts.
On the other hand, politics that must solve such problems are failing to function due to the so-called democratic crisis.
Anti-intellectualism is cited as the biggest cause.
Science and truth must be a prerequisite for people with different views to coordinate and compromise with each other.
That is rationalism and intellectualism that support democracy.
Excessive collective conflict between nations and within nations distorts the truth, and anti-intellectualism, which selects only the facts that each person wants to see and hear and suppresses the opinions of others with a large number of forces, puts democracy in jeopardy and democracy. It undermines trust in the principle.
This situation makes it even more difficult to solve the problems we are facing.
But we can.
Looking back on history, the Korean people are on the verge of many crises, but each time they have worked together to overcome them wisely and courageously.
At this moment, I am grateful to be given the responsibility to overcome such a crisis and I am confident that we can overcome it proudly with our great people.
We also believe that we can work together with the world's citizens to resolve crises and challenges at home and abroad.
Respected people,
World citizens
I think it is very important for us to share universal values ??in order to solve this difficulty.
It is "freedom".
We must recognize the value of freedom correctly and accurately.
We must rediscover the value of freedom.
Looking back on the history of mankind, where free political rights and free markets were alive, prosperity and affluence always flourished.
Prosperity, affluence and economic growth are the expansion of freedom.
Freedom is a universal value.
All members of our society must be free citizens.
If the freedom of an individual is left unattended, the freedom of all of us members of the community will be threatened.
Freedom is by no means a winner's monopoly.
To be a free citizen, one must ensure a certain level of economic foundation, fair education and access to culture.
You cannot be a free citizen without this.
If one's freedom is not overrun or the conditions necessary to become a free citizen are not met, all free citizens must help in solidarity.
And if individual liberty is violated not only by individual nations but also internationally by hunger and poverty, illegal acts by public authority and military power, and a dignified life as a free citizen is not maintained, all world citizens will be free citizens. We must work together as a helper.
In order for everyone to be a free citizen, we must obey fair rules and have a spirit of solidarity and philanthropy.
Respected people,
I would like to talk about the direction that I consider important by looking at domestic issues.
In South Korea, excessive polarization and social conflict not only threaten freedom and democracy, but also hinder social development.
I don't think this problem can be solved without a leap and fast growth.
In the process of rapid growth, many people can find new opportunities and improve social mobility to eliminate the source of polarization and conflict.
Leap and fast growth can only be achieved through science, technology and innovation.
Science, technology and innovation protect our liberal democracy, expand our freedom and make our dignified life sustainable.
Science, technology, and innovation are difficult to achieve with the efforts of Japan alone.
By respecting freedom and creativity, we must work and solidarity with many countries that have achieved advances and innovations in science and technology.
Respected people,
World citizens
Liberal democracy creates peace, and peace protects freedom.
And peace is guaranteed by solidarity with the international community, which respects the values ??of freedom and human rights.
We must pursue sustainable peace that blossoms freedom and prosperity, not fragile peace that temporarily avoids war.
Nowhere in the world is free from the threat of freedom and peac
processing tradeWhat is the problem with Korea's trade deficit with Japan?The center of the Korean economy is processing trade.In other words, even if raw materials are purchased from Japan, they are sold to third countries with added value due to commercialization, so they are recorded as GDP in Korea.In other words, it's just added value and passed through.It may be trade deficit for example agricultural products imported from Japan and consumed in Korea are known, but they do not know what is wrong with processing trade.
If the cost of raw materials imported from Japan exceeds 50 percent of the cost of the product, Korea's added value will be less than 50 percent.However, this is not a trade deficit, but a cost management issue.In the first place, products that cost more than 50% of raw materials in the manufacturing industry it would hard to exist for lack of competitiveness.
Korea wants Japan to buy more products made from Japanese raw materials because of the trade deficit, but this is also meaningless.If Korea adds value to the cost of Japanese raw materials and Japan buys them, Japan will buy back the raw materials it sells, so there is no profit for Japan .This is not the cause of the trade deficit, but the competitiveness in the Japanese market.
Moon Jae In is a man who doesn't make no sense.
[South Korea] If you have the world's highest household debt, you don't have enough disposable income - If you don't spend money, it's just bad manners.
Private/government debt 254%
Household debt is 104.2% of GDP
Global trend of interest rate hikes
Mortgage reduces disposable income
A traveler who just has bad manners
In a statement distributed in advance of the conference, Professor Ham Joon-ho of Yonsei University Graduate School of International Studies, who served as a member of the Bank of Korea's Financial and Monetary Committee, stated, ``Korea's macro leverage (private and government debt) level has expanded to 254% of GDP. ” he pointed out.
The household debt balance has continued to expand for 16 years, reaching a record high of 1,850.9 trillion won (approximately 176.9871 trillion yen) in the April-June 2021 period. According to a study by the Institute of International Finance (IIF), Japan's GDP ratio was 104.2%, the highest among 37 major countries and regions. Incidentally, the countries other than South Korea are followed by Hong Kong (92.0%), the UK (89.4%), and the US (79.2%).
On the 15th, the Federal Reserve Board (FRB), the central bank of the United States, announced the first major interest rate hike in about 30 years. The policy rate will be raised by 0.75% to a range of 1.50 to 1.75%.
Prior to this, South Korea announced that it would raise its policy interest rate from 1.5% to 1.75% in May. The rate was set at 1.5% in April, making this the second consecutive month of interest rate hikes. This will also be a severe blow to those who are burdened with household debt.
South Korea's per capita GDP is approaching that of Japan. According to the 2021 IMF announcement, Japan's price is $39,340 and South Korea's price is $34,801. However, Japan's household debt is around 66-7%.
Housing loans are the largest component of household debt. The skyrocketing price of land in Seoul continues to skyrocket, forcing many to borrow large sums of money to purchase apartments. As a result, even if GDP and wages rise, most of the money goes toward repaying household debts, resulting in less disposable income. I don't have any money to spend.
Even after salaries are paid, the money goes straight through the tunnel and is returned to financial institutions, where it is returned to the market. This is the reality of GDP per capita in the Korean economy.
As the coronavirus pandemic begins to subside and overseas travel is gradually lifted, travel to Japan is expected to become a boom again in South Korea. It's not that they like Japan. The above reasons are largely responsible for why Japan is chosen as a nearby travel destination.
And just because you come to Japan doesn't mean you have to spend money. There are quite a few groups that find faults, point them out, and complain to each other. It is said that Korean tourists just have bad manners.