So, other people have noticed that Yoon is trying to act like Trump.
Hankyoreh: 100 days into his term, Yoon is acting more like Trump than ever
Hankyoreh is one of the very few non-conservative news outlets. Most of the media is trying to defend and support Yoon.
But I doubt that the cause is the rising interest rates.
It could be due to the downturn in the Chinese real estate market.
The Chinese have bought a lot of real estate in Korea, Canada (Vancouver), and other countries.
Korean media blames previous progressive administrations for the rise in real estate prices, but it is the conservative government that always has implemented policies that increase real estate prices. Then the progressive government and tries to reel those policies in, while being blamed by the media (and most of the public believes this nonsense).
It is now trying to ease restrictions on real estate development, reduce property taxes and extending credit to home buyers in order to resolve the supposed "housing shortage" (plenty of rentals).
In reality, the rich have a lot of real estate and do not want the prices to fall. The rich also fear inflation. Argentina still has around 60% inflation, I think. Hasn't gone down the drain.
Four of the past twelve former Korean presidents have been jailed with three pardoned to date - Chun Do-hwan, Roh Tae-woo, Park Geun-hye, Lee Myung-bak (out on bail).
The heads of Samsung, SK, Lotte, Hanwha, many more conglomerate heads, and countless corporate executives have been convicted of all sorts of crimes with many receiving pardons.
South Korea's Hanwha chief jailed for 4 years
Lotte shares dive after chairman is jailed
SK Group chief's 4-year jail term confirmed by Supreme Court
There are seemingly countless articles on jailed corporate heads. In their thinking, it's my company and my money, but in reality, it is the shareholders' company and money. That's why there is a Korean discount on Korean stocks. Need to tighten the laws and strengthen enforcement a little more.
Former president Moon Jae-in didn't grant pardons to corporate heads.
Why did incumbent Yoon pardoned them at the first opportunity? Didn't even wait till the end of the year. Why do most media praise Yoon and vilify Moon?
Why didn't Yoon pardon conservative former president Lee Myung-bak? He was just released from prison on bail. Pardoning him too would have probably been too much for the public. His pardon will come later.
Insider trading is rampant. Stock prices go up before major announcements all the time and no investigations from the prosecutors office. Almost no convictions for insider trading, I think.
Wonder if the corrupt four former Korean presidents and corrupt business heads did any business together. Robbed the country blind?
South Korea’s Troubling History of Jailing Ex-presidents
Some conglomerate group heads have received more than one pardon. No wonder they act like Trump.
Wonder if Trump will be indicted? Why not? Other countries indict presidents for crimes. Many think that he should have been jailed long ago? He'll probably be pardoned something in the future.
Wonder how vocal pro-Trump GOP members will be when Trump is indicted. It seems the most vocal are the ones that sought pardons.
There are more articles stating that it is likely that JY Lee, the head of Samsung, will be pardoned on 15 August. The articles also claim that due to his conviction, Samsung cannot do M&A deals and prepare large investment plans for the future.
Apparently testing the waters. If there is public outrage, then no pardon. If less outrage than expected, then pardon.
SK 159곳 투자할 때 삼성은 5곳뿐…"JY 사면땐 M&A 재시동" (Translated - While SK invested in 159 companies, Samsung invested in only 5... "If JY Lee is pardoned, M&As will resume")
Republic of Samsung
The pardons were just announced.
Lee Jae-yong: Why did South Korea pardon the Samsung 'prince'?
Heads of Lotte Group, Dongkuk Steel, and STX Group were also pardoned. Lots of business heads convicted of crimes, almost always pardoned. Same with their companies. Fined and barred for bid rigging and such, then re-allowed to resume business.
Samsung heir Lee granted special presidential pardon
Alas, all is not perfect. Time to listen to music. :)
The first two days of flooding saw Prez Yoon plastered on TV news visiting flooded areas, giving orders, stating that all agencies should prevent further flooding, ordering that aid be given, and such.
Reminded me of North Korean news broadcasts on Kim Jong-un. Both walking, looking serious, giving orders and expecting others to be subservient.
Yoon visits flood-hit area in Seoul
Anyway, there are now floods in southern Korea and Yoon is nowhere on TV, for some reason. Yoon will probably not visit the flooded areas in the south, despite the danger of seeming to not care by not visiting.
It seems public opinion is against mostly conservative politicians using the floods for publicity photos, as per their leader.
Would it be wiser to collaborate and team up to develop technology?
Would collaboration waste less resources (people, money, equipment, energy, etc.)?
Would a country that coordinates R&D efforts hold an advantage over ones that didn't?
Maybe a little less competition and a little more collaboration?
Employees are supposed to collaborate, why not companies?
Get compensated according to effort put in and results of those efforts, or split it evenly.
Maybe, form a consortium for companies interested in developing that technology and everyone gets to share the results of the research and development.
Usually when companies need money for R&D, they issue bonds or new shares. The wise ones get the government to give them money and use media to persuade the public with promises of jobs and a good economy.
If governments continue to give money to companies for no return but promises of jobs and good economy, then the poor will continue to be poor. Give the poor bonds or stock in the companies receiving government money. That will definitely help the poor with no loopholes and minimal overhead.
There are many more things wrong with society. Stop believing the media which disproportionately represents the rich and take TIME to THINK about things. Some poor people envy and try to emulate the rich, compounding the problem. Some poor people even think that the rich are smarter and better. Why? Society and peer pressure.
People need to look at things from more than just one perspective. Being slightly poor and being rich both have their advantages and disadvantages.
Why do people envy Chanel handbags and such? Because they probably don't have one. I don't have one and I don't care. But if you are of the opposite sex...
Cartier watches? I have one. Would never buy one. Got it as a gift. Over $6,000 for an electronic movement watch, albeit in gold and steel. The mechanical ones are over $14,000, I think. Used to envy expensive things, not anymore.
Expensive things are not of much use to one who endeavors to be alone. No one to impress. Haven't worn a watch in over a decade, almost two.