The Korean won is falling.It exceeded 1,240 won. The reason that Japan must not make promises with the new Korean president prematurely .
2022-03-15
Category:South Korea
Photo by National Missile Defense image (licensed under CC0 1.0 )
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The won's depreciation has not stopped, and there are many uncertainties
The won fell to 1,243 won against the dollar.If the Fed raises interest rates in real terms, it will fall further.The main reason is that Russia's economic prospects are pessimistic. And Yoon Seok-yeol won the presidential election on March 9 and became president on May 10.Yoon called for strengthening the U.S.-South Korea alliance and mentioned the deployment of THAAD.China accounted for 24.8 percent of Korea's exports, twice as much as the U.S., the second largest exporter.When the Park Geun Hye administration decided to deploy THAAD, China imposed severe economic sanctions.China's economic sanctions are only pessimistic for investors, so Korean investment is likely to rise further and the won is likely to fall further.
Next time, South Korea will break its promise with China
The Moon Jae In administration has made a promise with China that it will not be included in the U.S. missile defense system, and that the U.S.-Japan security cooperation will not develop into a military alliance,and that the THAAD, which has already been deployed in South Korea without additional THAAD deployment, will not harm China's security.In other words, economic sanctions will inevitably be imposed if South Korea break their promise to China.The Democratic Party has 58 percent of the seats in the ruling party, and domestic opposition is likely to be strong.If the won depreciates further, there will be more material to attack the president.
It's too early to get excited about improving Japan-South Korea relations
In Japan, it is reported that the president, who wants to improve Japan-South Korea relations, took office, but the environment is not that good.Even if the new president makes a simple promise between Korea and Japan, it is highly likely that Korean public opinion and parliament will not be able to fulfill it.On the contrary, if the won-dollar exchange rate exceeds 1,300 won, it will be out of control and even default again.
POINT All promises made in Japan and South Korea have been broken every time the president changes.The Japanese government should observe it a little calmly without rushing to achieve mere diplomatic results.
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[related article]
The ''North-South division issue'' and the future aimed at by Kim Gu - Lee Jae-myung's assertion is an unrealizable hypothesis.
South Korean Democratic Party members Moon Jae-in and Lee Jae-myung cite Kim Gu as the politician they most respect. Kim Gu was a person who served as the president of the provisional government of the Republic of Korea. He rejected the postwar state of US-Soviet trust between North and South Korea and proposed a plan to unify the peninsula among the Korean people, but this idea was rejected by Kim Il-sung of North Korea. It was an unrealizable idea that would be denied by the United States as well. After a political dispute, Syngman Rhee, who was recommended by the United States, became president, and Kim Gu was subsequently assassinated.
Lee Jae-myung recently told a US senator that the North and South were divided because of the US. I guess he is trying to say that if he had done what Kim Gu said at that time, there would have been no Korean War or division between North and South. However, there is absolutely no basis for this "if". At that time, there were no people in Japan or abroad who supported this idea.
Kim Gu's ideas did not produce any results in the environment of the time. Based on this premise, there are no objective facts in history; all that exists is the existence of South Korea and North Korea since the founding of the nation more than 70 years ago. North Korea established the current state of North Korea without paying any attention to Kim Gu's claims.
In other words, it is logically impossible to trace back to Kim Gu's assertion what the basis for the unification of North and South is advocated by the No. 1 and No. 2 members of the Democratic Party of Japan. They are the most pro-North Korean and pro-China faction in the South Korean National Assembly. Even now, that claim is not appreciated at all by North Korea, the United States, or even China.
The number of malfunctions of the South Korean Air Force's F-35A fighter jets is 234, and 172 are unflyable - Expensive fighter jets are also useless. From last year, when the South Korean Air Force's most advanced fighter jet, the F-35A, began regular operations, to the first half of this year, it was judged to be in a condition not capable of flight (G-NORS) or not capable of carrying out specific missions (F-NORS) a total of 234 times. It was reported that this was found out. The breakdown is 172 G-NORS and 62 F-NORS.
F-35As affected by G-NORS were unable to perform missions for an average of 12 days last year and 11 days in the first half of this year. F-35As affected by F-NORS were restricted from performing missions for an average of 129 days last year and an average of 24 days in the first half of this year. The reason for the failure is that some problems occurred in procurement of repair accessories, and the manufacturer did not promptly procure repair accessories. In other words, the company is being investigated for being skimpy in procuring repair accessories.
The F-35A is a fifth-generation stealth fighter with a maximum speed of Mach 1.6 and a combat radius of 1,93 km, making it one of North Korea's most feared weapons, but is it practical if it has so many breakdowns? There are question marks attached to this situation.
The biggest problem is that Korea does not have the know-how to repair the F-35.The only base in Asia that can repair the F-35 is the Mitsubishi Heavy Industries factory in Aichi Prefecture, Japan. Mitsubishi Heavy Industries is a company designated as a war criminal by South Korea. I wonder if it would be difficult to repair it in Japan within Korea, or maybe I would have to take it to America.
Or will they secretly bring it to Japan? Speaking of which, Japan is currently developing the F-3 fighter jet, which is also being developed by Mitsubishi Heavy Industries. It would be impossible to purchase fighter jets from a war criminal company.
Japan will significantly increase its defense budget and advance military research. Since we do not have an alliance with South Korea, we must refrain from selling weapons to South Korea.
Taiwan and South Korea, which have experienced Japanese rule, will continue in parallel forever.
Parallel worlds are hypotheses in science fiction and quantum mechanics, not proven stories.However, if you look at the difference between Taiwan and Korea, it looks like a parallel world.At some point in the parallel world, two pasts are born.The branches do not intersect, but are positively parallel worlds that will last forever.
Taiwan was incorporated into Japan after the Sino-Japanese War and came under Japanese rule.It lasted 50 years from 1895 to 1945, longer than the Korean Peninsula.The annexation of Japan and South Korea lasted from 1910 to 1945.Taiwan continues to thank Japan for its development under Japanese rule, saying, "Taiwan's national character and independence have been learned from Japan."In the wake of the Great East Japan Earthquake, it was also the world's largest donor country.
It is said that South Korea was trampled down by Japan, Japanese comfort woman was used as sexual slavery, and recruiters were like slaves, and most of the Koreans were slaughtered by Japan.There are two worlds, the past.In this sense, Taiwan, the world's leading pro-Japanese country, and Korea, the world's leading anti-Japanese country, have emerged.The parallel world is now underway in East Asia.Of course, Japan is in the same space-time as Taiwan.Does this mean that space and time do not intersect?
Korea criticizes Japan for not learning history, but many countries in Asia appreciate Japanese rule.
Korea Real Estate Bubble 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.
What are your expectations for President Yun Seok-yue? Twisted National Assembly is a thorny road - Should Japan approve or wait and see? - South Korea's general election will be held in 2024.
Positive theory of Japan-Korea relations and wait-and-see theory
Remains twisted until 2024
Will true speech be freed under the new administration
Korean society will be denounced if it affirms Japanese rule
A country where there is no freedom of speech about history
Looking at Japanese public opinion regarding the prospects for Japan-Korea relations since the inauguration of the Yun Seok-Yeol administration, there are some positive views toward improving relations and a wait-and-see view seen mainly on the right. As always, the affirmative opinion has no concrete content, and since the other party is asking for an improvement in the relationship, things will probably get better. It's just a matter of trying to get along because we're neighboring countries.
The wait-and-see theory is based on the points of the Korean unified local elections in June and the national election in 2024, and that the Democratic Party (a pro-China, anti-Japanese party) holds the majority of the Korean National Assembly.Twisted stateTherefore, unless the ruling party wins the power of the people in the 2024 general election, no bill will be passed, so nothing can be done. Until then, Japan should do nothing and wait and see.
The least I can say is that I don't expect Japan-Korea relations to deteriorate any further during the next five years of the next administration. Personally, I think that if things don't get any worse, there's no need for them to get any better. In other words, there is a necessary distance between Japan and South Korea. This may be the best distance relationship.
In the long run, it would be most effective if the speech of pro-Japanese groups was liberated, rather than if the anti-Japanese movement subsided on the surface. In addition to those who prefer Japanese culture in South Korea, pro-Japanese speech is another form of speech that has been suppressed regarding the annexation of Japan and South Korea and Japan's support for South Korea after the war. Japan has no choice but to wait for South Korea to change, but there is no sign of that happening at all. The appearance of calm on the surface is only a temporary phenomenon. The root of Japan-Korea relations lies within South Korea, where freedom of speech is not recognized regarding the past history of Japan and South Korea. It is impossible to publicly state the fact that the Korean Peninsula modernized under Japanese rule.
Under Japanese rule, slaves, who accounted for half of the population, were liberated, the class system was abolished, a school education system was established, food self-sufficiency increased, starvation deaths decreased sharply, sanitary conditions improved, and cholera and typhoid fever were reduced. The number of deaths due to such things has decreased dramatically. These are facts that do not exist in Korea.
In South Korea's historical perspective, those who affirmed Japanese rule were expelled from academia in order to make the history of being enslaved and violated by Japan into a fact. He was also expelled from politics and government, and media outlets were also blocked. This is an unobjective view of history that only accepts one opinion, and is not academic in the first place. At the root of Japan-Korea relations is this unilaterally created view of history and the education of history based on that view. Unless this changes, we can see that even if the government continues to work together as it has done in the past, it will crumble like a sandcastle. This is exactly what history has proven.
In other words, improving Japan-Korea relations means that South Korea itself will gain academic and speech freedom, that scholars who support Japanese rule will return to academia, that they will return to politics, and that South Korea will become a democratic country where people can have free discussions. . Without this, anti-Japanese education will never disappear. This is an issue that requires the process of South Korea maturing as a democratic country, so it will take a very long time. Therefore, Japan should continue to keep its distance and not approach them easily.
If we look at the past, we are skeptical that politics will improve Japan-Korea relations. This problem is that academic and freedom of speech have not been secured in South Korea in the history of Japan and South Korea.