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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South Korea's Next Presidential Candidate "I Love the Japanese People" and Continuous Anti - Japanese Remarks.
Lee Jae-myung, a candidate running for South Korea's next presidential election, said on November 25th, ``I love the Japanese people and respect their civility,'' and added, ``Japan invaded South Korea and attacked dozens of people. "He has a history of dominating and expropriating Korea for many years." "He is still dreaming of becoming a military power and is provoking that Dokdo, which South Korea effectively controls, is his own territory. He is also clear about historical issues. It doesn't seem like he is sincerely remorseful, so of course I'm worried."
Lee Jae-myung, an anti-Japanese force who said he loves the Japanese people. What followed was a series of incoherent statements.
First of all, he does not seem to understand the root of the current problems in Japan-Korea relations. This is not a historical issue from the beginning. The problem is that South Korea was taking advantage of its position as a friendly country and taking advantage of its position as a white country to divert strategic materials imported from Japan that require strict control to third countries. .
Then there is the issue of the state of the abrogation of the claims agreement, which is the basis of Japan-South Korea diplomatic relations, by reviving individual claims and issuing compensation orders to the Japanese government and Japanese companies in domestic courts. Without understanding that this is not a problem of the past but an ongoing one, saying that we love the Japanese people will not improve Japan-Korea relations.
The five years of Moon Jae-in created an irreparable rift in Japan-Korea relations. Do they think that if the anti-Japanese mood as a national sentiment subsides, things will be manageable on the surface? Japan has given up on relations with South Korea due to anti-Japanese activities since Moon Jae-in took office, and has continued to build relations with other neighboring countries.
Commitments and work with his new partner are occurring one after another. If you don't fully understand these things, you'll just think it's a childish and shallow idea.
Japan has been putting up with South Korea for many years, but since it was excluded from the white list, it has created partners other than South Korea. Will South Korea ever return to being our most important neighbor?
Korean tourists rush to travel to Japan after the visa - free ban is lifted - Where did the No Japan movement disappear?
Diplomatic relations restored despite dislike
South Korean government does not communicate details of restoration of diplomatic relations
Same as Japan-Korea annexation
Korean tourists flock to Japan, which they hate
Many Japanese wonder why they restored diplomatic relations if they hated it so much. Did the South Korean government explain to the people the reason for the restoration of diplomatic relations? There could be many reasons.
(1) We have entered an era in which it is essential to restore diplomatic relations between Japan and South Korea amidst postwar South Korea-US relations and international trends. ? Because it was judged that restoring diplomatic relations with Japan would have great economic benefits for the economy, which had suffered after the Korean War. ?The conditions presented by the Japanese side for the restoration of diplomatic relations were beneficial for Korea's future, and the benefits of concluding the treaty were recognized.
? and ? are the prerequisites for the restoration of diplomatic relations, but ? is something that cannot be explained to the public. As a result, its contents have never been explained to this day. South Korea seems to want to be in the position of reluctantly restoring diplomatic relations, but the content of the agreement was almost like a unilateral contract that contained only the benefits for South Korea. If you think about it, the same thing can be said about the annexation of Japan and Korea.
The background to the annexation of Japan and Korea is as follows:
(1) It became impossible to stop Russia's interests. ? Domestic turmoil made it impossible to collect information. ? I thought it would be beneficial to consider national stability by being incorporated into Japan.
Regarding this, the purpose of the above-mentioned annexation is clearly stated in the imperial admonition issued by the Sun Song Dynasty (the last emperor of the Joseon Dynasty) at the time of the annexation, but the story is that Japan annexed it by force. That's the translation.
As a result, during the annexation era, the Korean peninsula reluctantly accepted modernization, its population grew reluctantly, and it reluctantly went to school, and now it reluctantly negotiates with Japan and reluctantly trades with Japan. And I have no choice but to reluctantly go on a trip to Japan. Is the No Japan movement a movement that tells people not to buy Japanese products if they don't want to? It is understandable in that sense, but the government changed and Koreans reluctantly began traveling to Japan.
[Korea] The mystery of Han Dong-hoon, chairman of the emergency response committee, who was supposed to have resigned, becoming party leader
This person is Han Dong-hoon, who is currently the leader of the ruling party of South Korea, the People Power Party. After the People Power Party lost the general election in April this year, he resigned from his position as emergency response committee chairman, but later ran for the party's leadership election on July 23rd and became its leader. Before the election, some Seoul city council members belonging to the party proposed to "repeal the ordinance that restricts the use of symbols of Japanese imperialism such as the Rising Sun Flag in public places," and in response to the party's declaration that it "strongly opposes the repeal of the ordinance," Han said that he would take strict disciplinary action, and the city council members withdrew the ordinance in just one day.
Han Dong-hoon said, "The use of symbols of Japanese imperialism in public places is absolutely unacceptable. The city council members who proposed the repeal of the ordinance will be investigated by the party and will take strict measures." And before the general election, a conflict arose between him and the First Lady over their differences in views, and the Blue House asked him to resign from his position as an emergency response committee member. Does this person's becoming the party leader mean that the balance of power within the ruling party, the People's Power Party, is changing dramatically?
First of all, this person seems to be claiming that they cannot win the election unless they incorporate the left-wing forces in South Korea, and by left-wing forces, they mean so-called anti-Japanese forces. In other words, comfort women groups and groups that support the forced labor issue. The People's Power Party has followed a pro-American and pro-Japanese path, but in the end, it seems that they are shifting the blame for their major election defeat to that.
The background to this is that these anti-Japanese groups worked together with the right wing, and the Korean right wing was a party with strong anti-Japanese tendencies, but the comfort women agreement was concluded during the Park Geun-hye administration, and the text of this agreement called for the establishment of a new foundation to resolve the comfort women issue, meaning that the previous comfort women group, the Korean Council for Justice and Remembrance for the Issues of Military Sexual Slavery by Japan, now the Korean Council for Justice and Remembrance for the Issues of Military Sexual Slavery by Japan, would lose their position completely, and the Moon Jae-in administration incorporated this.
This is how the left wing became an anti-Japanese party. Moreover, it became an even more extreme left wing party than ever before, and instigated the No Japan movement.
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.
minimum wage In Korea, the minimum wage has increased by 35% in four years...
Apartment prices in Seoul have risen 93 percent over the past four years...
If the minimum wage is 8,720 won, is it 6,459 won four years ago?The increase in the minimum wage increases the number of self-employed businesses closing.Decrease in employment...
Usually, Increasing jobs come first.Wouldn't the minimum wage go up for companies to secure employment if the effective recruitment ratio goes up?I can't believe going to raise the minimum wage first.You're a fool.
Japan's minimum wage varies from prefecture to prefecture.Of course, if the minimum wage is raised, the government will carefully observe the price index and economic conditions of each region.It is unthinkable to raise the price by 35 percent across the board.
