Korea's 'Won plunging' is nearing breakthrough
Will it fall into a trade deficit?
In the Korean foreign exchange market on May 14,
the won closed at 1189.40 won, a drop of 1.90 won compared
to the previous day.
It took over the balance of the day before
(10.50 won down $ 1 = 1187.50 won),
including temporarily putting it in the 1190 won range.
With a low price for the first time in two years and four months,
it has approached $ 1,200, which is considered
to be the immediate defense line of the Korean Monetary Authority.
It reflected the concern that the Chinese economy would deteriorate
further due to the US-China tariff hike battle.
South Korea's export ratio to China is high at around 25% ,
so it will be hit hard if the Chinese economy slows down.
Korea's trade balance
Exports have already turned negative since December 2018,
and the trade surplus has sharply decreased .
(「KoreaEconomyFalls3reasonsForCurrencyCrisis20ago韓国経済が20年前と同じ通貨危機に陥る3つの理由 」）
According to the latest customs statistics released May 13 (May 1-10),
exports were $ 13 billion, down 6.4 percent
from the same period last year .
Sales to China fell 16.2 percent YoY.
By item, semiconductors, which accounted for 20% of exports,
decreased by 3.8% over the same period.
On the other hand, imports increased by 7.2% to $ 15.2 billion.
It recorded a $ 2.2 billion trade deficit in 10 days.
It has achieved a surplus of 11 billion dollars
from January 1 to May 10, but it has fallen sharply by 40.4% .
South Korea has faced a currency crisis
when a trade deficit occurs or a surplus is sharply reduced .
It is 1997, 2008, 2011
（「韓国、輸出急減で通貨危機の足音 日米に見放されたらジ・エンド？1
KoreaFootstepsCurrencyCrisisDueSharpDeclinesExpo 」reference）。
Currency depreciation according to Turkish lira
The market is now remembering that nightmare
（「KoreaWonRateNoStopFallingSufferingConsequences1
ウォン安が止まらない韓国、日米の助けも絶望的の自業自得1 」reference）。
The decline of the won shows that .
Although the rate of decline since April this year is
about 1.7% for the RMB in China, which is the epicenter ,
the won will exceed 4% .
The rate of decline is higher than that of the won only in the case
of the Turkish lira and the Argentine peso
who have fallen into a currency crisis .
There is a declining birth rate and an aging population
behind the " sold in Korea ".
The proportion of the working-age population,
which is a barometer of economic vitality, began to decline peaking in 2017 .
Population itself is also expected to decline after 2019
（「Moon,sPolicyUSKoreaRelationshipDecayDayOfRuin1
文在寅“ピンボケ政策”韓国経済,米韓関係も破綻で近づく破滅の日1」reference）。
The GDP for the first quarter of 2019 announced on April 25
was 0.3% lower than the previous quarter (preliminary figure).
Won fell sharply in response to this announcement.
If the population declines, the economy will shrink .
The market considered that the economy itself had begun
to shrink rather than just deteriorating the economy.
With this in mind, Won withdrew
from the box price of $ 1110 ~ 1140 won
for the first time in 1 year and 9 months
（「 Won plunges every day ... why only Korea stands
ウォンが連日急落…なぜ韓国だけ際立つのか」reference）。
Support for the North's nuclear armament
The market does not miss the US-ROK and Japan-ROK relations
that are getting worse day by day .
Korea 's relationship with the United States deteriorated in 1997,
and it could not be helped even if it suffered a currency crisis .
The US instructed Japan not to lend the dollar .
Korea was embarrassed to be rescued by the IMF
( International Monetary Fund )
（「MovNationalDayProbabilityDidBanKoreaTryStopIMF?1
映画『国家不渡りの日』韓国銀行がIMF止めようとした？1」 reference）。
The current US-Korean relationship is much worse than at that time .
It is because South Korea aids North Korea's nuclear arms
（「N-SKoreaCommunityCharengeFightUSDestinHell1Chome
北朝鮮とは運命共同体で韓国が突き進む“地獄の一丁目”1」reference）。
North Korea launched a ballistic missile in violation
of the UN sanctions resolution twice on May 4 and 9. For this reason,
the Moon Jae-in administration moves on food aid to the north
in the name of “humanitarian aid”
(Refer to「N-KoreaMissileLaunchKoreaSupportFoodplayTrick1
北朝鮮のミサイル発射で韓国が食糧支援という猿芝居１ 」 .)
It is no wonder now that
the United States has teamed with Japan and sanctioned Korea
as it did in 1997 . At least the market thinks so.
Of course , the relationship between Japan and Korea is also the worst ,
and there will be few politicians who are trying to help Korea
by giving a currency swap.
De facto abandonment of the comfort women's agreement,
the Korean wartime workers' lawsuit ruling that has taken
the international treaty, fire control radar irradiation to the SDF aircraft, etc.
All over Japan in ' consecutive demeans ' Is angry .
BTS members famous for atomic bomb T-shirts are crazy inside the bus Videos leaked! https://twitter.com/i/status/1062852872176451584
Overseas fans seem to be exactly the same
Suddenly overflowing with compliments of English praise. Creepy…
http://www.ekn.kr/news/article.html?no=398456
https://news.v.daum.net/v/20181106030037589
http://www.koreaherald.com/view.php?ud=20181114000854
Dokdo is also doing anti-Japanese act of singing our territory.
The capital flight started
World stock price / Korea KOSPI
Do not move, government intervention,
Trading suspension, circuit breaker activation,
power off of server,
Koria have a proven track record.
Yuzuru Sato
Korea attacks Japan by combining hands with North Korea and China
Propaganda neglect affects the recreation of the comfort women problem,
the activities of Japanese companies around the world
Possibility of losing in the image strategy at the US jury trial.
DiffusionHopeGermanNGOSupportLaosAdoptVillage
DiffusionHopehttps://laos.oxfam.org/
Englisharticles futukiitihoyoujiyo
