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Friday, December 15, 2017

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The excessive dependence on China boomeranged against South Korean companies when the THAAD Incident broke out.

Exodus from China

20 September 2017 - 11:00am
Jack H. Park

South Korean companies are withdrawing from China once regarded as the second domestic market in droves. Since the 2000s, South Korean companies have made inroads into China with a huge domestic market and cheap labor one after another. China emerged as the No. 1 export market of Korea in 2003, surpassing the United States. In 2013, exports to China accounted for 26% of South Korea’s total exports. With the addition of the Korean Cultural Wave in China, South Korean consumer companies such as cosmetics, food, and distribution companies also built factories in China and established...

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Now is the time for the Moon Jae-in administration to stop reiterating dialogue with Pyongyang and to seek for the best way for tactical nuclear weapon redeployment and nuclear armament.  (photo: BusinessKorea DB)

Publisher Note

12 September 2017 - 1:30pm
Jack H. Park

South Korea has found itself at a crossroads yet again. Those threatening its economy this time include Kim Jong-un’s sixth nuclear test, downward pressure on the country’s credit rating resulting from the provocation, debates over nuclear armament, China’s economic retaliation that has followed THAAD deployment in the South, and negotiations for revising the KORUS FTA.

These days, more and more people in the American political community as well as the Donald Trump administration are advocating the redeployment of tactical nuclear weapons in the South. U.S. Senate Armed Forces...

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On September 2 (local time), US President Donald Trump said that he will discuss whether or not to scratch off the Korea-US Free Trade Agreement (FTA) beginning within the week. (image courtesy: KBS)

Amid Risk of ‘Moon Vs. Trump’

6 September 2017 - 5:15pm
Jack H. Park

There are growing concerns over the different voices of the two heads of the United States and South Korea with the North Korean threat escalating.

“South Korea is finding, as I have told them, that their talk of appeasement with North Korea will not work.” US President Donald Trump twitted on September 2 (local time). At the same time, the U.S. President did not forget looking to scrap the Korea-US free trade agreement(or KORUS FTA).

The South Korean government is still adhering to dialogue and appeasement in spite of the North’s sixth nuclear test on September 3. After the...

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The imprisonment of Samsung Electronics vice chairman Lee Jae-yong is leading the Korean IT giant to a management vacuum that is likely to continue for the time being.

Publisher Note

28 August 2017 - 5:00pm
Jack H. Park

Samsung Electronics is trying to maintain its lead in the global semiconductor, TV, smartphone industries and so on while the Chinese government is providing full support for Chinese semiconductor manufacturers and Japanese electronics manufacturers are striving to regain their past glory. During the course, things are getting worse for Samsung in South Korea as the imprisonment of its leader is leading to a management vacuum that is likely to continue for the time being.

Recently, Toshiba made a controversial decision by selecting the Western Digital consortium as the preferred...

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The remarks on June 16 in Washington DC of Moon Chung-in, special presidential adviser for unification, foreign and security affairs, are causing controversy at home and abroad.

Publisher Note

20 June 2017 - 1:00pm
Jack H. Park

A controversy is brewing over recent remarks from Moon Chung-in, special presidential adviser for unification, foreign and security affairs. On June 16 (local time), he said at a Woodrow Wilson Center seminar in Washington D.C. that the South Korean government may discuss reducing the scale of the joint ROK-U.S. military drill with the U.S. government if North Korea suspends its nuclear and missile activities. He also mentioned that THAAD deployment in South Korea is not the whole of the ROK-U.S. alliance and it is no alliance if it breaks up for issues related to the deployment.

In...

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Much concern among Korean people is rising about the recent summit talks between the US and China.

Publisher Note

21 April 2017 - 2:30pm
Jack H. Park

U.S. President Donald Trump and Chinese President Xi Jinping met with each other in Florida on April 6. Their summit talks gained much attention as an indicator of Washington’s North Korea policy and the future of Sino-American relations.

After the summit talks, both Washington and Beijing have been showing unprecedented moves. For instance, China has returned coal to North Korea, stopped flights to Pyongyang and imposed a ban on travel to North Korea, which constitute an unexpected pressure on the North. Even the possibility of stopped crude oil and food supply is being mentioned...

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China’s blatant bashing as of late against S. Korea’s decision of THADD deployment can be an opportunity to find out the true nature of China and can lead to some positive effects.

Publisher Note

3 March 2017 - 10:15am
Jack H. Park

China’s retaliation against the South Korean government is continuing to intensify in the wake of the latter’s decision to accept the deployment of the Terminal High Altitude Area Defense (THAAD) system.

The retaliation took the form of anti-Hallyu measures in July last year. More recently, the Communist Party of China began to mention a severance of diplomatic relations and boycott campaigns after Lotte decided to provide land for THAAD installation. A major e-commerce company in China has shut down its sales network for Lotte and official Chinese news agencies are instigating a...

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The candlelight vigils have attracted a large number of students and their parents by igniting the emotion of unfair competition and disadvantages on the part of the majority of people without any background.

Publisher Note

6 February 2017 - 12:45pm
Jack H. Park

The National Assembly of South Korea voted for the impeachment of President Park Geun-hye in response to the people’s outcry and now the ball is in the court of the Constitutional Court of Korea.

It is well known that their recent candlelight vigils are not their first one. Back in 2008, a South Korean broadcasting station spread a canard about the opening of the local beef market and import of U.S. beef, which resulted in similar nationwide candlelight vigils. At that time, demonstrators included those carrying babies in strollers while refusing to feed them with U.S. beef that...

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In Sept. last year, South Korean President Park Geun-hye was invited to China's V-Day military parade in Beijing and stood at Tiananmen with Chinese President Xi Jinping.

Publisher Note

30 November 2016 - 1:30pm
Jack H. Park

The General Security of Military Information Agreement between South Korea and Japan, which was resumed in four years and signed at once, is regarded as a starting point for the enhancement of the three-way alliance among South Korea, Japan and the United States. Experts are pointing out that South Korea has definitely veered toward the U.S. and Japan instead of its honeymoon relationship with China.

In September last year, South Korean President Park Geun-hye was invited to China's V-Day military parade in Beijing and stood at Tiananmen with Chinese President Xi Jinping. This...

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President Park Geun-hye apologizes to the nation with a humble bow at the Presidential Office on November 4.

Publisher Note

10 November 2016 - 4:15pm
Jack H. Park

South Korean President Park Geun-hye has lost her authority because of the “Choi Sun-sil scandal” related to her intimate old friend’s involvement in the national affairs. At the same time, her late father and former President Park Chung-hee’s halo that made her the President is waning along with South Korea’s brand image.

Compounding the matter now is those who are trying to survive or rebound by taking advantage of the scandal and the President in a political coma. They include opposition party lawmakers, even those from the ruling party and the media, which all are like clans of...

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