Sunday, August 26, 2018

Korea Unemployment

Most Korean media has finally acknowledged that the rise in unemployment is due to overcrowding of small businesses in such areas as restaurants and retail, and decrease in industrial jobs.

They still criticize President Moon's policies of spending money on low income people and on creating jobs. They do not mention all the tens of billions of dollars wasted by the previous conservative administrations of former Presidents Myung-bak Lee and Keun-hye Park. Myung-bak Lee wasted probably over a hundred billion dollars on construction projects to build canals in which almost all the major construction companies were found guilty of collusion in jacking up bidding prices and faulty construction. They were promptly granted amnesty by President Keun-hye Park. Then there were all the tens of billions of dollars wasted by President Keun-hye Park in her "Creation of Businesses" projects which were ridden with corruption and waste.

The good news is although President Moon has seen his popularity drop from the 80s to the 50s, the conservative party did not achieve any gains in popularity. In fact, they dropped to 11% which is a record low. This is the party that most Korean media blindly support and has almost 50% of the seats in the National Assembly. Their popularity rating was usually over 40%.

It seems most Koreans do not believe conservative media propaganda. And they definitely do not believe the party that supported and fiercely defended former Presidents Myung-bak Lee and Keun-hye Park.



Wish we had NORML in Korea. I would start a chapter, but I am afraid of being arrested.