Author: GIKorea

It seems that Korean conservative party lawmakers are over playing their hand on this issue if they think they can charge former President Moon with treason:

The prosecution is under increasing pressure to investigate former President Moon Jae-in as questions emerge over who ordered the deletion of intelligence reports potentially containing clues as to how the fisheries official ended up in North Korea’s waters, where he was shot dead two years ago.

One of the key findings announced last week by the Board of Audit and Inspection (BAI) was that the official was wearing a life jacket emblazoned with Chinese letters ― a product that cannot be found in the South Korean market. This information debunks the very basis on which the Defense Ministry argued that he, unlike other officials, was wearing a life jacket while on duty on a fishery inspection boat before jumping into the sea to defect to North Korea. Also, none of the life jackets on that boat were missing. 

Yet, such critical information was deliberately omitted from official reports in a coordinated effort to frame him as a defector, which prompted former Defense Minister Suh Wook and former National Intelligence Service Director Park Jie-won to unlawfully remove intelligence documents from the case, according to the state auditor.

Ruling party lawmakers believe that such a coordinated move would have been impossible without former President Moon Jae-in’s direct order and are calling on the prosecution to investigate him.

“If former President Moon Jae-in left him in the hands of North Korea for the sake of an end-of-war agreement, it would be a clear act of treason.” Kim Haeng, a member of the People Power Party’s emergency measure committee, said during a meeting at the National Assembly in Seoul, Monday. “The fabrication of evidence and deletion of intelligence reports would have been impossible without Moon’s orders.”

Korea Times

You can read more at the link, but it is weird that fishery official was not wearing a lifejacket from his patrol vessel, but instead a Chinese life jacket. Maybe the North Koreans gave him the lifejacket before they decided to shoot him?

It is amazing the consternation the loss of Kakao services for about two days has caused in South Korea and now the government is ready to step in and regulate them to prevent another “digital platform disaster”:

The ruling and main opposition parties lashed out at tech giant Kakao Corp. on Monday, branding a massive service disruption that occurred over the weekend as a “digital platform disaster” and summoning its founder to a parliamentary audit.

On Saturday afternoon, a fire started at a SK C&C building that houses the data center that Kakao uses, prompting a power outage that disrupted the company’s namesake messaging service KakaoTalk, as well as ride-hailing and public services tied to the app that more than 40 million use. 

The blaze also affected Naver, the country’s top internal portal, which uses the same data center.

“The point of this crisis was that the business did not have appropriate backup systems in order to cut costs,” Rep. Park Hong-geun, floor leader of the main opposition Democratic Party (DP), said, accusing Kakao of failing to “think about responsibilities while maintaining the market dominant position.”

“Considering that digital services provided by the private sector have deeply permeated into the people’s lives, we can no longer leave things to individual companies,” he said. “We will swiftly provide legislative measures so that we will not again become helpless against such digital platform disasters.”

Yonhap

You can read more at the link.

Considering how many other celebrities have completed their mandatory military service it is only fair that BTS completes their service obligations as well:

All members of K-pop supergroup BTS will go to the military to fulfill mandatory service, starting with the oldest member Jin, the band’s agency said Monday.

“Jin will revoke his request to delay his conscription at the end of this month and will follow conscription procedures required by the Military Manpower Administration,” Big Hit Music said in a public notice to the local bourse. “Other members will fulfill their military duty in turn according to their individual plans.”

Jin, born in 1992, had his conscription delayed till the end of this year under the Military Service Act revised in 2020.

In South Korea, all able-bodied men are required to serve in the military for about two years. But the current law allows global award-winning athletes and classical musicians recommended by the minister of culture, sports and tourism to do alternative services in their respective fields instead of serving in active military duty.

Bills that would include globally recognized male pop culture artists, like BTS, in the program are still pending at the National Assembly amid a lingering debate over whether the K-pop giant should get exemptions in recognition of its contribution to improving the country’s brand image.

With Monday’s decision, the septet will pause working together as a group for the time being.

Yonhap

You can read more at the link, but BTS is expected to rejoin as a musical group in 2025 when everyone should have their mandatory military service completed.

It is pretty amazing that this guy only got 15 years for raping 11 children. The odds seem high that at some point he is going to do this again:

The prosecution requested the court to issue an arrest warrant for serial child rapist Kim Geun-sik, Saturday, two days before he was set to be released from prison, as a woman filed charges that he raped her 16 years ago when she was a minor.

Kim was expected to be released this Monday after serving 15 years in jail on charges of having raped 11 minors.

According to the prosecution, the victim recently recognized Kim’s face as the man who sexually assaulted her 16 years ago, as the media began to report on his release using his mugshot photo. She filed new charges against him with the prosecution.

Prosecutors said they analyzed relevant evidence and proved that Kim had been the attacker in the case. 

“Not only is Kim’s crime very serious, but also there’s a possibility of Kim running away as he has no permanent residence at the moment. He could recommit such crimes, or do harm to the victims. That’s why we requested an arrest warrant,” the prosecution said.

If Kim is released Monday, he is scheduled to move into a facility affiliated with the justice ministry that helps released prisoners reintegrate into society, by offering housing as well as psychiatric, educational and other services, similar to what is known in English as a “halfway house.” As Kim was assigned to enter such a facility located in Uijeongbu, Gyeonggi Province, residents who have children attending school nearby have expressed their worries. 

Korea Times

You can read more at the link.

What the U.S. is doing is pushing industries to make a choice between the U.S. or Chinese markets. Korea is trying to find a middle ground which so far the Biden administration does not want to offer them:

Korea Inc. faces an uphill battle as a push in the United States for economic security is taking its toll on companies dependent on China for manufacturing or for the supply of materials and components.    
   
The U.S. is passing laws and enacting executive orders to bring the manufacturing of products important to national interest back to U.S. soil. Chips, batteries, electric vehicles(EV), solar cells and certain biotechnology products are on the list, and China is the main country of concern.    
   
A number of Korean companies have been affected already.  

Hyundai Motor’s EV sales in the U.S. have fallen since the passage of the Inflation Reduction Act (IRA), as its EV models won’t be qualified for the subsidies under the act.    
   
Samsung Electronics and SK hynix are having to rethink their use of China as a major manufacturing base for semiconductors as a number of U.S. rules are making it difficult to transfer key technologies to China, which is the second largest source of memory chips for these companies after Korea.      
   
Korea feels betrayed by its ally and is fighting for workarounds that would allow its companies to continue sourcing heavily from China. It is now engaged in an intense lobbying effort to get the rules watered down or waivers for its companies.  
   
This anniversary special will explore the impact of the U.S.-China tech war on Korean business and map out ways to curtail the damage. It is based on interviews with academics and researchers.    
   
Some argue that the dependence on China needs to be reexamined, while others argue that the Yoon Suk-yeol administration should come up with sizable financial incentives and tax cuts to attract manufacturing facilities for chips and high-tech products to Korea. 

Joong Ang Ilbo

You can read more at the link.

You would think this retaliation against Korean businesses for deploying a defense weapon system in response to a country backed by Beijing making nuclear threats would cause Korean businesses to want to completely abandon China. Well despite all this retaliation many Korean businesses still want to do business with China:

Korea is still suffering from the impact of China’s economic retaliation due to its decision to deploy the U.S. Terminal High Altitude Area Defense (Thaad) system in 2016.   

Among local retailers, Lotte was most affected by China’s wrath, as the Thaad battery was temporarily deployed on a golf course owned by Lotte Corporation.  

Lotte Shopping had 110 Lotte Mart branches in China in 2016. Seventy-four were slapped with business suspensions for failing to meet local regulations, but forced to stay shut for a year as the Chinese government refused to make re-inspection visits. 

With growing anti-Korean sentiment, the company withdrew all Lotte Marts from China in 2018. According to Lotte Shopping, its estimated loss of the Lotte Mart business in 2017 due to Thaad amounted to 1.2 trillion won.  

Fallout from the Thaad row continued with Lotte Shopping shutting down its five Lotte Department Store branches in the country one-by-one. The last remaining branch closed in August.  

Emart had six branches in China, but shut them all down in 2017.  

The cosmetics industry was also devastated, with Amorepacific being hit the hardest. The company’s net profit in 2017 fell 39.7 percent on year to 489.5 billion won, with revenue dropping 10 percent on year to 6.03 trillion won.  

The Chinese government banned all group travel to Korea through early 2018. Chinese tourists to Korea in 2017 dropped 48.3 percent on year to 4.17 million. Net profit dropped 39.7 percent on year in 2017 to 489.5 billion won and revenue fell 10 percent on year to 6.03 trillion won.  

Retailers have mostly recovered, with many of them opening more branches in Southeast Asia rather than China in an attempt to avoid anymore political risks.   

However, many still heavily rely on China for exports, which could leave Korean companies caught up in the middle again as tensions between the United States and China escalate due to the Inflation Reduction Act.The act aims to give tax credits for electric vehicle (EV) batteries with components sourced from either the United States or countries it has free trade agreements with.    

The change is forcing Korea to make a choice between losing tax credits in a huge market, or cutting ties with Chinese suppliers. Most EV battery materials are imported from China, with some 84 percent of lithium hydroxide imports and 81 percent on cobalt imports coming from China between January and July.   

There is also the chance for a recurrence of a dispute over Thaad, as President Yoon Suk-yeol has denied China’s request to not make any additional Thaad deployments.    

“If the current administration decides to deploy additional units of Thaad, it can increase anti-Korea sentiment in China and there could be additional retaliatory measures like last time, even hindering post-pandemic recoveries of the current duty-free and cosmetics sectors,” said Park Jong-dae, an analyst at Hana Investment & Securities. “But things are a bit different now considering a lot of cosmetics sales shifted online, which could allow consumers to make purchases despite the political clashes.”

Joong Ang Ilbo

You can read more at the link on how Korean dramas and video games are also being hit hard by Chinese retaliation.