With only three days left before the South Korean presidential election, what is the contrast between the two manifestos and Japan - South Korea relations?
2022-03-06
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Korea's presidential election is just around the corner
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.
Floating Moon Jae In
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.
Pro-China or pro-American
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.
POINT No matter which candidate wins, I don't think I can expect much about Japan-South Korea relations.
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New target country of "Last One Mile Support" in cooperation with UNICEF: Ghana, Senegal, Mozambique, Malawi, Palestine, the Philippines and Mongolia."Last One Mile Support" will cover 59 countries and regions.
Korea is not a developing country, so it is likely that it will not be able to provide vaccines because now Korea is in the midst of the No Japan movement and Japan respected it and their passion.
[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.
What has clearly changed due to the Japan - Korea issue - It is the Japanese sentiment toward Korea and the perception of Korea - It is not easy to overturn this.
What kind of Japan-Korea relations will the new South Korean government build in the future? Since it is the administration after the Moon Jae-in administration, we must see a completely different point from other administrations. It is different from the Kim Dae Jung administration and the Park Geun-hye administration. The biggest difference is the Japanese national sentiment. Since the 1998 Japan-Korea Joint Declaration, the Japan-Korea World Cup has been held, and the Japanese have supported the success of this soccer tournament. What was introduced in Japan during this period was Korea with a good image. It is a Korean drama and K-POP. Of course, this is a creative and fictional world of entertainment, but many Korean fans were born in Japan, and this played a role of friendship between Japan and South Korea to a certain extent. However, what Moon Jae-in revealed was the exact opposite of South Korea, which is completely different from these. It is the earnest desire of the Korean people to pray for the destruction of Japan.
The setting of the target point to return to the 1998 Japan-Korea Joint Declaration set by President-elect Yoon Seok-you should be evaluated to a certain extent. With the joint declaration of Keizo Obuchi and Kim Dae Jung, Japan-South Korea relations should have taken a normal direction. Then why couldn't we walk that way? This is an issue. In other words, Japan moved forward in line with the declaration, but South Korea retreated. Why is this? We have to think about this problem right now. If this is misunderstood, future negotiations between Japan and South Korea will not proceed well. On the contrary, not only the Korean government but also the Kishida administration will be blown away in an instant. China will be staring at it.
History must probably repeat itself if the core issues disappear as a result of the long-lasting stress of the change of government from the left-wing South Korean government. It should be back in 1965, or maybe 100 years ago. At least in 1965, Japan and South Korea solved the problem comprehensively in the efforts of both countries. Japan and South Korea have reached an agreement for the future in Asia, which is suffering from postwar reconstruction that is incomparably difficult due to the current friction between Japan and South Korea.
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?
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.
