Korea Real Estate Bubble
2021-07-04
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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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The Sino - Japanese issue is an intergovernmental issue. Japan and South Korea are civic issues. The people of Korea, a democratic country, cannot pretend to be innocent.
The difference between Sino-Japanese relations and Japan-South Korea relations is that Sino-Japanese relations are intergovernmental and Japan-South Korea relations is civic.As with the Takeshima issue, the Senkaku Islands issue is a territorial issue in Sino-Japanese relations.As for anti-Japanese education, both China and Korea have anti-Japanese education, and the two countries in the world are anti-Japanese.Although anti-Japanese, China and South Korea have completely different positions in history.Japan battled with China, and Korea was during the annexation of Japan and Korea, and above all, Japan didn't battle with Korea.
The Japanese do not criticize individual Chinese for the current Sino-Japanese issue.This is because the Chinese do not have the right to vote, and everyone knows that the expansion of the Communist Party of China's Xi Jinping policy is the cause.On the other hand, Japanese comments on Korea have attracted attention to the personality of Koreans.This is because the Japanese understand that the No Japan movement has become a social phenomenon in Korea beyond civic groups and that anti-Japanese education is the foundation of the issue.And most of all, Moon Jae In is a president elected by the people's votes.
It is natural that international relations will change somewhat if the regime changes.However, Moon Jae In hid behind the scenes and used private organizations to carry out anti-Japanese movements in the voice of citizens for political activities and diplomacy.That's all he's done for five years.Has he ever thought about how this would affect him in the future?
China and South Korea are both problematic countries for Japan, but the differences between the two countries need to be observed.
Anti - Korean sentiment in the world
When comparing data from the BBC on positive and negative impressions of Japan and South Korea, a surprising number of countries have a negative impression of South Korea (Reference wiki)
Japan has been at war with China in the past, so we can predict China's feelings towards Japan, but what exactly is South Korea like? Regarding China's sentiments toward South Korea, relations between China and South Korea deteriorated in 2016 when South Korea decided to deploy THAAD, but even if you look at domestic surveys conducted before then, it appears that China's reputation towards South Korea was quite unfavorable.
2007 "Xinhua News Agency" survey results: South Korea ranks first in "neighbors I don't like"
2007 “Tengai Community” survey results. ``Most hated country'' South Korea ranks first
2009 “Global Network” survey results. 94.6% of respondents said they did not have a favorable impression of South Korea.
It has long been pointed out that anti-Japanese campaigns around the world are a strategy to tarnish Japan's image, given that Japan and South Korea have similar industrial structures in the face of global competition.
But when you look at the data... In the first place, isn't the idea that one benefits by degrading others itself wrong?
The Korean won is falling.It exceeded 1,240 won. The reason that Japan must not make promises with the new Korean president prematurely .
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
Candidate Lee Jae - myung said that America was to blame for the division of the Korean peninsula - a victim mentality lacking in historical understanding.
What is this person saying? South Korean presidential candidate Lee Jae-myung told U.S. Senator Jon Ossoff that the Korean peninsula was divided without Japan being divided. It is America's fault that the Korean peninsula was divided into north and south. On top of that, it's a statement that says Japan should have been divided.
Losing a war does not always result in division. The former East and West Germany was divided into East and West by the socialist Soviet Union and liberal countries. Since the Soviet Union was largely responsible for Germany's defeat, the Soviet Union gained control of Eastern Europe, and Germany itself was divided into East and West. In multilateral wars, when the victorious nations were unable to come to terms on their merits and interests, the method of partition was adopted. Germany is a perfect example.
So what about Japan? Although it is still a multilateral war, Japan has won against all Western countries except the United States. Only America lost. The Soviet Union had nothing to do with the Japan-Soviet Non-Aggression Pact. The Soviet Union entered the war on August 9, 1945, just before the end of the war. How could the Soviet Union claim its interests against the United States?
So why did the Soviet Union claim interests in the Korean Peninsula? This is said to have been determined by the Yalta Secret Treaty, which determined the division along the 38th parallel. The question is at what point in time should a return to the status quo be made, based on the principle of restoration to its original state in post-war settlements. At the Yalta Conference, Roosevelt, Churchill, and Stalin discussed how to deal with the aftermath of World War II.
The fact that the San Francisco Peace Treaty recognized the return of Taiwan dates back to the Sino-Japanese War. On the Korean Peninsula, Gojong, the Emperor of the Korean Empire, negotiated with Russia to sell the interests of the Korean Peninsula. The Soviet Union built the transcontinental railroad and began colonizing East Asia. The theory is that if Japan had not interfered in the Russo-Japanese War, the Korean Peninsula would have belonged to the Soviet Union. In other words, they are claiming rights dating back to before the Russo-Japanese War.
Why is present-day South Korea a democratic country? This is based on the premise that the Korean Peninsula belonged to Japan, and it was the United States that forced Japan into defeat, so the United States claimed its rights. Therefore, Korea came under the control of GHQ. Based on this premise, the 38th parallel was established as a compromise line with the Soviet Union, dividing the country into north and south.
The people's trial that began in the wake of the Itaewon accident - The horror of a country where all citizens think they are jurors
Is President Yoon responsible for the Itaewon accident?
A surprising public opinion poll
The police have administrative jurisdiction and are under the jurisdiction of the prefectural police
Is the president in charge of Halloween?
It appears that a candlelight demonstration was held in Itaewon, Seoul on Halloween in the name of commemorating the victims. South Korea is apparently the country of demonstrations, but organizers said ``50,000 people gathered.'' Police estimate the number of participants to be 9,000. The purpose seems to be to hold the current President Yoon's administration responsible for the Itaewon accident and demand his resignation.
A public opinion poll was conducted, and found that the government was responsible for the Itaewon disaster.73.1% said it was responsible, 23.3% said it was not responsible, and 53% said it was extremely responsible. Considering whether the decision should be based on public opinion polls in the first place, I wonder if South Korea's famous all-citizen jury trial system has started again. In the first place, it must be said that he is in a state of cessation of thinking, meaning that he does not have the composure to analyze the responsibility and causes of the problem.
Japan's police force is handled by the National Police Agency, which has administrative jurisdiction. The National Police Agency will be positioned as a special organization within the Public Safety Commission, which is an external bureau of the Cabinet. Rather than directing and supervising the National Police Agency on individual cases, the Public Safety Commission sets general policies and supervises whether they are being operated appropriately.
As it is an administrative organ, the main body of work lies with local governments, and prefectural police are responsible for accidents and incidents that occur under their jurisdiction. Hyogo Prefectural Police was held responsible for the Akashi fireworks display accident, and Nara Prefectural Police was held responsible for Abe's assassination.
They seem to be claiming that the president is responsible for the Itaewon accident, but that is not the case at all under Japanese law. What about Korean law? Normally, responsibility should be assumed by the person in charge, but does this mean that President Yoon should grasp the details of the security system and issue instructions regarding Halloween security? Or should we have decided by presidential order that this is how we should enjoy the Halloween festival?
