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 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?
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.
His Majesty the Emperor visited Saipan
In 2005, the Emperor and Empress visited Saipan to pay their respects to the war dead.In response, a protest demonstration was held by a Korean group.It seems to be the idea that the Emperor's memorial service for the war dead is the revival of militarism.
Angered by the movement, Saipan residents shouted, "If Koreans protest against the Emperor, let's boycott Korean companies," and John Blanco urged native Chamoros and Carolina residents to boycott Korean companies if Koreans hold scheduled protests next Tuesday.Nevertheless, the Saipan Korean Association spread out banners and staged a demonstration demanding an apology from the Emperor.
The Japanese probably don't understand the idea that visiting the memorial is the revival of militarism.It was the same for Saipans.
An old Chamorro woman rose to her feet."How rude of the Emperor to come to the memorial service!I won't forgive you!" he exasperated, "You guys get out of Saipan."Don't do anything selfish on our island," he told local residents and the media one after another.As a result, many Chamoros supported the demonstration, and it developed into a huge demonstration to welcome the Emperor.
It was the 60th anniversary of the end of World War II, when the Emperor and Empress visited Saipan with a warm welcome on June 27th and 28th.
Korea justifies anti-Japanese demonstrations regardless of where they are.Saipan residents got angry at this and developed into a welcome demonstration for the Emperor.
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.
[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.
