Tuesday, July 16, 2019

LTW: South Korea - Japan Conflct & The Kot Keun Theory


South Korea and Japan are into diplomatic/economic war never seen since liberation in 1945. Japan announced export restrictions to S.Korea on key materials like hydrogen fluoride used in semiconductors effective July 4, saying "trust" between the two nations was broken after the Korean Supreme court's decision to order Japanese companies like Nippon Steel to compensate Korean workers forced to provide labor during Japanese colonial rule. Japanese government has been arguing that the Korean Supreme Court decision is against the 1965 diplomacy normalization agreement in which Japan provide $500 million, then 25% of Japanese foreign currency reserve, as a overall compensation for the Japanese rule of Korea in return for no further demand whatsoever. Japan also got irked by President Moon Jaein government's unilateral scrap of the irrevocable 2015 comfort women deal ex-president Park Geunhye had made to form a foundation with 10 billion Won ($8.9M) from Japanese government. With South Korea depending on semiconductors for nearly 20% of Korea's export and Japan having virtual global monopoly of high tech hydrogen fluoride, Korea dispatched two trade officials to Tokyo on July 12 for negotiation, only facing cold shoulders evidenced by no handshake at a warehouse like meeting room with hosts offering not even a glass of water. South Korea turned to the U.S. for mediation, but U.S. Ambassador to Korea Harry Harris backed away, commenting "Current issues are to be settled between two mature nations." Korean president Moon warned Japan not to go toward a dead end while Japanese PM Shinzo Abe hinted hydrogen fluoride might be only an appetizer. Things look real bad. 




N.Korea's Kim Jongun must be all smiles at the frosty South Korea -Japan relationship. His grandpa Kim Ilsung, the founder of N.Korea, had preached 'Kot Keun' theory. Kot means traditional Korean hat, and Keun is string that ties together under neck to hold Kot. In Kot Keun theory, South Korea is Kot which holds in place because of strongly tied two Keuns, one is S.Korea-U.S relationship and the other is S.Korea-Japan. If either Keun is cut off, Kot South Korea will be blown away. While Kot Keun theory was actually practiced in S.Korea with massive street demonstration against the U.S. and Japan in the past, my wife has no interest in this theory. Louis Vuitton has no plan to produce Kot. 




Monday, May 27, 2019

LTW: Palme d'Or in the 72nd Cannes goes to Korean movie maker

History was made in Korean film industry as Joonho Bong won top Palme d'Or  in the Cannes Film Festival on May 26 for his latest film 'Parasite.' It was the first time a Korean movie director won this award, more meaningful as it is 100th year since movie first came to Korea, then Japanese colony, in 1919.  The Grand Prix, the 2nd  prize, went to Mati Diop for  her debut film "Atlantics," who became the fist black female to receive a prize.  Bong's first film was released  in 2000, and the Parasite  which explores working class struggles, was his 9th movie.  South Korean Moon Jae-in sent a congratulatory letter to Bong, commenting he was anxious to watch Parasite.




President Moon tends to get much into movies. One of his top policies is to move away from nuclear power dependency for solar and wind energy. Moon deactivated a few nuke power plants earlier than planned, and scrapped plans to build more. Moon's expensive  No Nuclear  policy was formed after he watched Pandora which was about Chernobyl type nuclear disaster movie.   Better buy Pfizer or Roche stocks now as Moon might force every Korean to take antiparasitic pills everyday after watching the Palme d'Or movie.

 Regards,
 H.S.

Friday, March 1, 2019

LTW: Friendly handshakes turn into slap in the face in Hanoi

It's been a while. With Donald Trump under Mike Cohen's  deep stab in the back and Kim Jong-un's desperate need for sanctions off, both Trump and Kim had good reasons to land a deal,whether small or big, at their 2nd encounter in Vietnam, on Feb 28.  It didn't  go well as Trump literally walked away from lunch table because Kim demanded all sanctions be lifted while Trump insisted more than the dismantlement of Yongbyon nuclear complex. "Basically they wanted the sanctions lifted, in their entirety, and we couldn't do that. They were willing to denuke a large portion of the areas that we wanted, but we couldn't give up sanctions for that. So we continue, but we had to walk away from that particular suggestion," said Trump. Kim now has to take another 66 hours train ride back to Pyongyang with empty hands to his North Koreans.While  South Korean government expressed regrets over the summit result, many cheer Trump's decision as they also think no deal better than bad deal.

Adding injury to insult, poor Kim Jong-un is facing another headache. A secret dissident group called Cheollima Civil Defense declared the birth of provisional North Korean government in exile called Free Joseon on March 1 via the group's website to topple Kim's regime. 
(https://www.cheollimacivildefense.org/ ).


  Joseon was the dynasty before Korea got merged by Japan in 1910, and March 1 is meaningful because of the 100th anniversary of Independence Movement in 1919.  Currently safe guarding Kim Han-sol , the only son of Kim Jong-nam poisoned to death in Malaysia in Feb, 2017 by agents sent by his half brother Kim Jong-un, CCD runs its organization from unknown location.  Blood is important in North Korea leadership. The great-grandson of North Korea founder Kim Il-sung, and the grandson of Kim Jongil, Kim Han-sol is thus considered the biggest threat to his uncle Kim Jong-un. ABC to send Steve Harvey  to Pyongyang shortly for his Family Feud Part 2 show.



Regards,
H.S.