The exchange won rate has not stopped falling.The No Japan movement is a campaign to buy domestic products.Nothing will change under the chaebol economy.
2022-02-08
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South Korean Industrial structure vulnerable to exchange rate fluctuations
South Korea's trade dependence on GDP is more than ７０ percent, including the service sector.In other words, domestic demand is low and foreign exchange is directly affected.Even if foreign demand is received, it does not circulate at home and flows abroad.If the person who made the purchase contract increases the dollar by ５% at the time of payment, the payment will increase by ５%.The won-dollar exchange rate is １,２００ won, but it has been hovering around １,２００ won in recent days.
Default due to bulk purchases
In order to maintain international competitiveness, chaebol companies such as SAMSUNG buy parts in bulk and produce them in bulk to reduce costs and sell them at low prices.In this case, large debts are always carried out and large payments are repeated, and problems arise when the value of the currency changes significantly during that period.This is the so-called default.Under these circumstances, the won's international credit rating has not increased, and South Korean companies can trade in dollars depending on the L/C of Japanese commercial banks.
South Korea experienced two foreign exchange crises in １９９７ and ２００８.No country will experience two foreign exchange crises in １０ years.In other words, South Korea's industrial form is vulnerable, and in short, it is trading beyond its currency capabilities.
Considering what Moon Jae In wants to do, the real intention is to socialize, control the currency, and stabilize the value of the won.Do you think the boycott is a campaign to buy domestic goods if it is reversed?
MEMO South Korea is listed by the FRB as a currency manipulator.
Only chaebol companies can grow
The reason why domestic demand is not expanding is the existence of chaebol companies.The role of chaebol companies in driving the Korean economy is important, but on the other hand, investment in chaebol companies is concentrated and other industries are not growing.In addition to the businesses run by chaebol companies, how can Korean companies grow globally?It can only be done with its own money without investment.
The boycott Japan fundamentally solves nothing
This structure will not change even if there is a boycott Japan.As a currency manipulator, even if it leaves the liberal economy, it will not change.It is necessary for the government to take the lead in fostering domestic demand and to attract investment in what industries to foster domestic small and medium-sized enterprises.The boycott Japan does not mean that South Korean domestic companies' sales will increase.
POINT Moon Jae In's term of office is less than three months, and criticism from his country seems to be gathering.I think it's quite late from Japan view.
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South Korea has always opposed registration as a World Heritage Site. The meaning of culture is different from the rest of the world. People from all over the world come to Japan for a variety of reasons, including culture, history, anime and manga, cat cafes, maid cafes, traditional Japanese food, and other gourmet food. These are evaluated within the framework of culture. If we look at the definition of culture, we find that `culture is a system of ideas and value standards shared within a society, and a unique style possessed by a group.'
Cultural heritage must be something that has survived for a certain period of time, and can be thought of as something that has had a major impact on subsequent eras, and can be considered to be the "culture" of each country. It can be said that it exists within the range of value standards and definitions. Furthermore, Japan has registered 20 World Cultural Heritage Sites.
In this sense, South Korea is the only country to raise questions about Japan's registration as a World Cultural Heritage Site. This is not a historical issue, but simply a difference in the definition and framework of culture. Can they explain why Auschwitz in Germany and the Colosseum in Italy are world heritage sites? The Colosseum is an arena for killing each other.
If the common concept of ``culture'' in each country is the premise of world cultural heritage, then no Japanese person would object to the fact that Auschwitz and the Colosseum are cultural heritage sites. This is the Japanese way of thinking. In other words, it is different from Korea.
People visiting Japan come to see that there is almost no garbage left on the roads all over the country, and to see that the natural environment is still kept clean in one of the world's most developed countries, which is unique in the world. Although it can be said that this is Japanese culture that cannot be seen, there is no framework or precedent for considering such a culture that spreads throughout the nation as a cultural heritage.
Even if such a cultural framework were to match the world's definition, only South Korea would be opposed to it.
Another South Korean Army member fleeing to North Korea? The reality of the 22nd Infantry Division, which is in charge of sloppy border security.
On January 1st of the new year, an unidentified person climbed over the iron fence from the South Korean side and entered the North Korean side, leading to the attack on South Korean troops including the 22nd Infantry Division of the South Korean Army on the Eastern Front in the area where this incident occurred. The Army is on emergency alert.
The 22nd Infantry Division, a unit located on this border, has caused various problems in the past. In June 1984, there was another incident involving a large firearm that resulted in 23 casualties.
In June 2004, a private on duty at battalion headquarters left his post with a firearm and 15 rounds of live ammunition and was captured eight hours later.
In October 2008, a private second class on guard duty committed suicide with a rifle.
On March 28, 2012, a soldier was found dead with a gunshot wound to the head.
In 2005, two reserve sergeants and others were arrested a month later after seizing two K-2 rifles, six grenades, and 7,000 live rounds.
In 2005, a vessel believed to be a fishing boat headed for North Korea, and in October 2009, it was revealed that civilians had cut through iron fences and headed north.
In 2012, the so-called "knock defection incident" caused a stir in society. On October 2, 2012, North Korean soldiers crossed the border and knocked on the door of the living quarters, asking for asylum, but it turned out that the troops were unaware of the fact that the iron fence had been cut until then, and two generals Two territorial officers were reprimanded.
The 22nd Division has been involved in many incidents in the past, and is said to account for the majority of incidents that occur within the South Korean military, with some deriding it as an encyclopedia of military incidents.
The terrain is also difficult. The front boundary stretches for tens of kilometers, surrounded by rugged mountain ranges.
``Many soldiers are said to suffer from knee pain because the iron fence border line is very steep and goes up and down.As a result, guard duty is more difficult than in other divisions.This is also the reason why defections and incidents of North Korea are so common.
Although security near the border is thorough, it seems that there are many cases of people defecting or fleeing from South Korea or North Korea.
W Cup [Korea] After winning against Portugal, he stepped on -------------------- Excerpt from Seoul Newspaper (Japanese translation)
On the 3rd, the South Korean national soccer team, led by coach Paulo Bentu, suffered a fierce 2-1 win in the third and final match of Group H of the 2022 Qatar World Cup Group League against Portugal, which was held at the Alaiyan Education City Stadium in Qatar. They achieved a come-from-behind victory.
Immediately after the match, the players gathered for a commemorative photo. During this process, Song Min-gyu stepped on the Taegeukgi that was spread on the floor while changing his seat.
Netizens who saw him pointed out that his behavior was inappropriate. Some netizens posted on his social networking service (SNS), saying, ``I know he was happy, but he stepped on the Taegeukgi and took a photo, but please be careful next time.'' While watching the video, I was very surprised and angry.I feel embarrassed before the whole world sees it,'' and ``If you step on the national flag, please apologize first.''
Song Min-kyu posted on his Instagram story, ``After the game, I was so happy that I didn't panic and didn't even realize that I had stepped on the Taegeukgi.I don't think this should happen under any circumstances.'' I apologized.
-------------------- Excerpt from Seoul Newspaper
This country has traditionally trampled, burned, and torn the flags of other countries. Don't you realize that it's a shameful act?
With only three days left before the South Korean presidential election, what is the contrast between the two manifestos and Japan - South Korea relations?
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.
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.
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.
No matter which candidate wins, I don't think I can expect much about Japan-South Korea relations.
Japan - South Korea relations, in which historical issues arise.Korea is rejecting Japan, which is becoming a historical issue.
What is the Japan-South Korea issue?It's a historical issue.This is a historical issue 77 years ago.The Japanese government established a joint research committee on Japan-South Korea history to make it a historical issue, not a political one, but South Korea rejected it halfway.So what will happen if Japan-South Korea relations are segregated before and after World War II?Japan and South Korea established diplomatic relations in 1965, and there was no public cultural exchange until the Japan-South Korea Joint Declaration in 1998.Japan-South Korea relations ignore the 1965 agreement, the Japan-South Korea Joint Declaration, and various other promises made by Japan and South Korea, and continue to deal with historical issues more than 77 years ago, regardless of culture or economy.
I don't know why Korea, which continues to cry out for historical issues, refuses to accept the Japanese government's attempt to turn it into a historical issue into a historical issue.Korean politicians often use the term "two-track strategy," but it is only a false diplomacy from the perspective of Japan.Japan has already proposed a two-track strategy.It is not the idea of using what is available, but simply separating historical and political issues.
The Japan-South Korea Joint Research Committee on History, which was established under the Koizumi administration, is currently not active at all.How will this solve the historical problem?
