Picture of the Day: Lee Jae-myung Sworn in as Korea’s 21st President
Newly elected President Lee Jae-myung (C), alongside his wife, Kim Hye-kyung, waves after attending his inauguration ceremony at the National Assembly in Seoul on June 4, 2025. (Pool photo) (Yonhap)
The Korean stock and currency surge ahead, making up for all the losses that idiot Yoon caused back in December. Coincidence? Nope. Lee is expected not to give in to Trump America’s economic and military extortion, and fix all the economic mismanagement that Yoon rule caused in two years.
The first challenge for Lee is dealing with the Trump administration extorting and robbing South Korean investors who invested in the US.
The Trump administration is working to pass a new bill that will charge 20% taxes on foreign investors in the US. If the US goes through with this, you can forget about South Korean investments in the US, because President Lee will not just stand by and do nothing, and let the US rob South Korean companies, forced by the Yoon presidential administration to invest heavily in the US.
https://www.scmp.com/economy/global-economy/article/3313063/big-scary-moment-whats-section-899-and-its-retaliatory-taxes
The answer is simple for the world. Stop buying US bonds, sell everything, stop investing in a country that’s closed to international business, and get the hell out of the US.
Lee Hwa-young, former vice governor of Gyeonggi Province in South Korea, was just found guilty again in his second trial.. for unauthorized $8 million remittance to North Korea between 2019 and 2020. Also, found guilty of receiving over 330 million won (approximately $244,000) in illicit political funds from Ssangbangwool Group, an underwear manufacturer, through methods such as corporate card usage and false salary payments. This was all when Lee Jae-myung (이죄명) was governor of Gyeonggi Province.
Oh I smell something dark for Lee Jae-myung… RAWR~