Korean economy fell into ant hell
"Made a currency swap with Japan" opportunism
https://www.dailyshincho.jp/article/2919/05211700/?all=1
May 21 , 2019 鈴置高史 ( Takabu-miSuzu-oki ) / Korean Observer
KoreaAntHelMadeCurrencySwapWithJapanOpportunism3
KoreaAntHelMadeCurrencySwapWithJapanOpportunism2
KoreaAntHelMadeCurrencySwapWithJapanOpportunism1
蟻地獄に堕ちた韓国経済「日本と通貨スワップを結ぼう」ご都合主義
蟻地獄に堕ちた韓国経済「日本と通貨スワップを結ぼう」ご都合主義2
蟻地獄に堕ちた韓国経済、 「日本と通貨スワップを結ぼう」ご都合主義3
Moody's Fear
The columnist of JoongAng Ilbo Reports, Lee Cholho
「 KoreaEconomyCrisisReliefKoreaJapanSwapRestora1
危機韓国経済、韓日通貨スワップ復元最後の安全弁を用意する時」
According to (Japanese version on May 15 ),
a Korean economist who met with the panel said:
Correct and quote Japanese.
● Moody's may have a 50 % or less chance to downgrade .
However, the prospects for the future are likely to change
from "stable" to " weak ".
It is a warning that it will be downgraded
if negative factors do not improve within six months.
● The opposite policy to the world flow is dangerous.
Developed countries will go to "small government",
but only Korea is " big government ".
The world moves to "tax reduction",
but only Korea is sticking to " tax increase ".
Lee Chol-ho also wrote in the text of the other.
● Moody's lowered the rating outlook for Hyundai Motor,
Samsung Electronics and SK Hynix from "stable" to " weak ".
In March, the forecast was revised downward to 2.1%
due to poor investment and worsening exports,
and employment accrual due to the increase in minimum wages.
The point is that Korea was hit by a gun at Moody's temple.
It is natural for Korean economic experts to feel Moody's move creepy.
IMF crisis dejav
During the 1997 currency crisis, which Korean call the IMF
(International Monetary Fund) crisis in Korea,
Moody's downgraded Korea's rating by a factor of six in six months .
Whenever the rating went down, a capital flight occurred,
which called for the next downgrade .
The background of the IMF currency crisis was the deterioration
of US-ROK relations.
The United States, which has been in the anti-US regime
of Kim Young-sam's administration,
instructed Japan not to lend the dollar to Korea in crisis
and "don't lend" to Korea.
（「『KoreaEconomyFalls3reasonsForCurrencyCrisis20ago
韓国経済が20年前と同じ通貨危機に陥る3つの理由』reference）
Korea, which was abandoned in the US and Japan,
felt the humiliation that instead of borrowing dollars from the IMF,
it would be under the supervision of the IMF .
And this experience fuels Korean anti-American sentiment
(Pouring oil on the fire).
By the way,
an Asian expert in the US, senior vice president of Green CSIS ,
sent an article to the JoongAng Ilbo on May 5 , 2017 ,
against anti-US and anti-Japanese policies against MoonJae-in
who is fighting the presidential election I warned you not to take it.
"If Mr Roh Moo-hyun also criticizes the United States
during the presidential election,
Rememberthat Moody's,
it downgraded after winning "
And used it as a threat to the currency crisis
（「PresidentTrumpRemarAndKoreaPresidentialElection
トランプ大統領の最近の発言と韓国大統領選挙」reference）
Strictly speaking, it has not been downgraded, it has only changed from
"stable" to " weak ",
but it still became a major threat to Korea
at the time six years after the IMF crisis.
Swaps with Japan are the mainstay
I think Chung-ho also remembers the IMF crisis.
Crisis Korean economy,
Korea-Japan currency swap restoration When preparing the last relief valve.
「KoreaEconomyCrisisReliefKoreaJapanSwapRestora1
So, He argued that Korea could form a currency swap with Japan. It is below.
《 If a decent government
can make Korea-US currency swaps difficult by now,
it is necessary to restore Korea-Japan currency swaps
and prepare a final relief valve .
However, it is an even bigger crisis that there is no crisis awareness. 》
Korean economy fell into ant hell.
It is determined that the only way to stop sinking
in the bottom of the sand and the bottom of the sand is to
form a currency swap principle with Japan .
However,
the relationship between Japan and South Korea is deteriorating.
Will Japan accept swaps?
Korea that has returned currency swaps .
|
May 27 , 2005 |
Japan-Korea swap worth 3 billion dollars signed Deadline for July 2007 extended to July 2010 |
|
December 12 , 2008 |
Expanded to $ 20 billion limit due to Lehman shock |
|
April 30 , 2010 |
Back to $ 3 billion |
|
June 22 , 2010 |
Deadline extended on July 03 , 2013 |
|
October 19 , 2011 |
Limit to $ 60 billion due to turmoil in European financial markets ( Timed measures by October 30 , 2012 , plus $ 10 billion through CMI ) |
|
August 10 , 2012 |
Lee Myung-bak ( Lee Myung-bak ) landed on Takeshima |
|
August 10 , 2012 |
After the game with Japan at the London Olympics, a Korean soccer representative "Dokdo is my territory " Korea's award ceremony is disapproved After this, with the Rising-sun flag as the "war criminal flag", a movement to sue South Korea for banning in the world is in full swing |
|
August 13 , 2012 |
Lee Myung-bak "The influence of Japan in the international community is not for the past ", said at a luncheon meeting with the parliamentary chairman |
|
August 14 , 2012 |
Lee Myung-bak "If Japan King wants to visit Korea, he apologizes to those who have sacrificed in the independence movement ." At Korea Teacher Training University |
|
August 17 , 2012 |
A letter sent by Prime Minister Noda Akihiko on Takeshima Korea Foreign Affairs Department refuses receipt if it has never been to "Takeshima" |
|
October 31 , 2012 |
$ 5 Billion Swap End |
|
July 03 , 2013 |
$ 3 billion worth of swaps are over |
|
February 23 , 2015 |
Ends $ 10 Billion Swap via CMI |
Eat away (Bilking dine and dash!) Lee Myung -bak
It's obvious if you look at the chart “Korea that flipped the currency swap”.
The Lee Myung -bak administration, which was launched in February 2008 ,
asked Japan to expand its spending limit
or extend the deadline each time a currency crisis occurs as a result
of the Lehman shock and the turmoil in the European financial markets.
Korea got it and got over it .
However,
after having been expanded to a $ 70 billion large swap
that could almost cover until the end of his term on October 19 , 2011 ,
he returned his palm ( His attitude changed quite abruptly ).
After landing on Takesima ,
Requested that " Japan King is coming to apologize ."
It refused until it received the letter sent
by Prime Minister Noda Akihiko to solve the problem.
" Billing dine and dash! " The currency swap.
The next president, Park Geun -hye,
also carried out the " bilking dine and dash! " Operation.
On August 27 , 2016 ,
Japan-ROK Financial Dialogue
agreed to resume talks on the resumption of currency swaps.
Then,
even though a comfort women statue was established
in front of the Japanese consulate in Busan on December 30 ,
the Park Geun -hye administration took no action .
The comfort women in front of the Japanese embassy
in Seoul remained unremoved .
The Japanese government protested
the violation of the obvious comfort women's agreement,
but the Korean government completely ignored it .
After all, on January 6 , 2017 , the Japanese government announced
measures such as the suspension of swap resumption talks .
Japanese politicians and officials who are weak
Japan has been deceived twice
It is hard to think that Japan will be deceived again this time.
In addition,
the MoonJae-in administration
has virtually destroyed the comfort women's agreement,
the “ Korean wartime workers ” ruling violating
the Japan-Korea peace-fixing agreement,
irradiating the fire control radar to Japanese patrol aircraft ,
“ The request for The chairman of the Korean parliament
son of war criminals, Japan King ,
Korea 's the comfort woman
He command Japan King Kneel on the ground and apologize ,
such as the administration of the past ( To be even more so )
" Despise Japan " has been repeated .
Although it is Korea
The opinion
that "Korea should Letting Japan bring the dollar to Korea" is still told.
Lee Cholho is not alone.
"Japanese politicians and officials are weak at heart.
The last one should be for the swap . "
There are quite a few Japanese people in Japan who talk about it.
Speaking of which,
an interesting article appeared in the JoongAng Ilbo / Japanese version
on January 11 , 2017 , immediately after the suspension
of the swap talks was suspended.
Written by Deputy Director of Economics
and Industry Department Cho Minkung of JTBC ,
a television station of the JoongAng Ilbo
「Koreawill live with its nasty neighbors
The summary is below.
● It is a narrow act to interrupt Japan's swap resumption talks
as an excuse for the comfort women figure .
Many critics say, " Do not form a hand with such Japan ."
But now that global financial markets have been warned of a storm,
we should mobilize all means and build the largest barrier .
● Korean and Japanese finance officials
hold a football friendly match every year.
It was open even when the relationship
between the two countries was bad .
Despite being a friendly match,
the fierce competition for self-esteem is no less
than any other Korean-Japanese rivalry.
Last year's biggest performer was the supper on the day before the game
He used the “ Ronge tactics ”
to make Japanese ace-class players drink heavy drinks.
In the first day's game, Korea won by 1-0 .
In the next day's game, Korea played a substitute player
and handed over Japan to 0-1 .
It's all about living with the nasty neighbors .
Operation gi‐saeng is successful
Korean financial bureaucrats boasted to reporters
that they could draw out currency swaps
if they handed over a win in football and ceded Japanese bureaucrats .
In addition,
there is a secret that only Koreans know in this article.
It is " Ronge tactics ".
" Ronge " is the name of Gi-saeng .
During the role of Bunroku and Keicho,
they were hugged by Japanese warlords while faking
at the banquet, and both fell into the river .
Many Korean readers who read this article
"If you do the Gi-saeng party, listen to what Japanese officials say"
It will be what Many Korean thought.