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.
2022-04-27
Category:South Korea
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What is clearly different before and after the Moon Jae-in administration
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.
What is clearly different before and after the Moon Jae-in administration
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.
The improvement mood does not improve
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.
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[related article]
Kim Koo and Moon Jae In Kim Koo went to North Korea to oppose trust rule and advocate reunification and independence of the two Koreas, but Kim Il Sung did not seem to deal with him.It was also abandoned by the United States.Moon Jae In is very similar.Moon Jae In names Kim Gu as the most respected politician.Do you mean that the right and left sides of Korea are Lee Seung-man and Kim Gu?Either way, they are anti-Japanese.
[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.
Lee Jae - myung, a South Korean presidential candidate, is frightened by the prosecution.An investigation battle that began before the election.
Meanwhile, Democratic Party presidential candidate Lee Jae-myung said yesterday, "If I lose this time, I will be sentenced to prison for making a crime."Lee said in a speech on the side road of Seokchon Lake in Songpa-gu, "The prosecution republic will be held.The fear of the prosecution republic is not just the sound of the wind, but the sound of the wind coming before us.It's really scary."
Lee's eldest son (29) is suspected of gambling and buying money.Lee was found guilty of violating the public election law for making false statements about his brother's forced hospitalization after the 2018 governorial election.Despite the crisis of losing his job, the Supreme Court reversed his decision.The Supreme Court justice, who acquitted at the time, was found to have been an advisor to a company involved in the Daejang-dong scandal after retirement, raising suspicions that he had an affair with an actress and a criminal record of drunk driving.
Under the Moon Jae In administration, a public investigation office was set up to separate the investigation of high-ranking government officials from the prosecution, but Moon Jae In was criticized for protecting itself by establishment this organization.Yoon criticized the prosecution for investigating Lee Jae-myung's rival, Yoon Seok-yeol, and even investigating his phone records.
Lee Jae-myung said he would be sent to prison if he lost the election, but the left-wing government wants to arrest Yoon Seok-yeol by using the Public Prosecutors' Office.
He seems to be frightened by the fear that what he is trying to do will eventually come to himself.In Korean politics, retaliation using prosecution power is common.
President Yun Seok - Yeol was criticized for not demanding an apology from Japan during Korea Liberation Day! Countries demanding an apology on the day the war ended.
Enthusiasm to repair Japan-Korea relations
A country that expects grudge festival on the day of the end of the war
It is clear that it will change again if the government changes
Promises between Japan and South Korea that have been repeatedly broken
Background of countries that fail to keep their promises
It appears that President Yun Seok-Yeong's speech at Liberation Day is under attack. It is said that he only shouted for freedom 33 times in his speech on Liberation Day, but did not hear a single word demanding an apology on the 77th anniversary of Liberation Day.
In the first place, it can be said that it is abnormal that 77 years have passed and an apology is still being requested at a national ceremony.
Every country holds some type of event on Victory Day or the End of World War Day, but avoid using expressions that suggest that the country is still considered an enemy country. This is a matter of course if there are diplomatic relations, which is international common sense.
Will Israeli President Herzog give a speech on the anniversary of the end of the war, saying that Jews still hold a grudge against Germans? It can be said that this is a completely meaningless political action.
In any case, although President Yun Seok-Yeong's desire to improve Japan-Korea relations is highly commendable, even if we make some kind of promise with him, we have no idea what will happen once his term ends.
In Japan, it has been reported that the agreement between Japan and South Korea was broken during the era of former President Moon Jae-in, but diplomatic relations were restored in 1965, and the Japan-Korea Joint Declaration was issued in 1998, and concrete Japan-Korea exchanges were established. have started, but they are already in an invalid state. The Japan-Korea Joint Declaration collapsed within two years.
In other words, the fact remains that South Korea is not in a position to keep its promises. Therein lies the essential problem. The best-selling book Anti-Japanese Tribalism written by Korean professor Lee Yong-hoon describes anti-Japanese as shamanism that goes beyond logic. It is truly an anti-Japanese religion.
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