Author: GIKorea

Asiana was already having a tough time financially before the current pandemic, it will be interesting to see if the airline is able to survive this:

Korea’s second-largest airline has indefinitely extended mass furloughs of its employees, requiring more than 8,000 workers to take unpaid leave 15 days each month as the carrier struggles to stay financially afloat.

Asiana Airlines announced Sunday that it would require all staff to take at least 15 days of unpaid leave during the month of May, and every subsequent month “until business normalizes.” Last month, it announced the same policy for April.

In an industry with massive fixed costs such as leased planes and airport fees, airlines have been struggling to keep their employees on the payroll as the coronavirus pandemic wreaks havoc on international travel. The number of travelers using international flights in and out of Korea during the first week of April has plummeted by 97 percent on-year.

Joong Ang Ilbo

You can read more at the link, but Asiana Airlines said the pandemic has caused 70% of their workforce to have nothing to do.

Here is the latest on the US-ROK cost sharing issue straight from the U.S. President himself:

U.S. President Donald Trump said Monday that he “rejected” Seoul’s defense cost-sharing offer and pressed Korea “to pay for a big percentage of what we’re doing.”  

“Now, they’ve offered us a certain amount of money, and I’ve rejected it,” Trump said at a White House coronavirus task force press briefing Monday, as Seoul and Washington struggle to sign a new bilateral Special Measures Agreement (SMA) on the upkeep of some 28,500 U.S. troops stationed in Korea. 

After months of negotiations, Korean officials at the end of last month indicated that the two sides were on the brink of signing a new deal after negotiators neared a tentative agreement which had Seoul paying a higher contribution than their previous accord but not anywhere near the amount demanded by Washington.  

U.S. officials told Reuters earlier this month that Trump decided to turn down Seoul’s offer to raise its contribution by at least 13 percent compared to the previous agreement.

“Look, you know, we’re doing a tremendous service,” said Trump in the briefing. “We have a wonderful feeling and a wonderful relationship with each other, but we have to be treated equitably and fairly.”

However, Trump appeared to deny a report that he was personally negotiating with President Moon Jae-in terms for a reduction of U.S. troops in Korea with four possible scenarios.  

“It’s not a question of reduction,” Trump said. “It’s a question of: Will they contribute toward the defense of their own nation?”

Joong Ang Ilbo

You can read more at the link, but I think what is going on is that President Trump wants a larger cash payment from the ROK while in the past the ROK has used a lot of goods and services to offset cash payments.

For example they pay the salaries of the Korean employees that work for USFK. That is money that is going back into the Korean economy. They also pay for new buildings and renovations which once again is done by Korean workers putting that money back into the economy. The ROK will also purchase civilian vehicles and give them to USFK for official use as well. The vehicles purchased is also money going back into the Korean economy.

I don’t know, but I would not be surprised that President Trump being a business man is pushing for more cash payments to USFK instead of goods and services. With the ROK parliamentary elections over I think the real negotiating can actually begin.

The speculation without facts about Kim Jong-un’s health has intensified:

Speculation is rising on the physical condition of North Korean leader Kim Jong-un, following reports of a suspected cardiovascular surgical procedure. 

While South Korean online media dealing with North Korea issues reported he was recovering from the recent operation, CNN reported he was “in grave danger.”

Citing a local source in the North, the South Korean media outlet the Daily NK reported Monday that Kim underwent the surgery at Hyangsan Medical Center near Mount Myohyang in North Pyongan Province, an exclusive hospital for the Kim family, April 12, and has been receiving treatment at his vacation home nearby.

According to the Daily NK, the procedure was performed by a surgeon from Kim Man Yu Hospital, the North’s most up-to-date medical facility in Pyongyang, attended by other renowned doctors in the country who were mobilized to Hyangsan. Most of them were sent back to Pyongyang, Sunday, as Kim’s condition was improving and only a few are still there to check on his condition, the source said.

Korea Times

According to the South Korean government there is nothing unusual going on in North Korea:

 South Korea has seen no unusual signs suggesting North Korean leader Kim Jong-un is ill, government officials said Tuesday, after CNN reported that Kim is “in grave danger after a surgery.”

“There is nothing unusual going on in North Korea. It’s not true,” a government official told Yonhap News Agency on condition of anonymity, referring to the CNN report that cited an unidentified “U.S. official with direct knowledge” of the matter.

Presidential spokesman Kang Min-seok also said that nothing unusual has been detected in the North.

Yonhap

If Kim Jong-un was at risk of dying there would be a lot more intelligence indicators to pick up which if you believe the ROK government, they are not seeing these indicators.

In 2014 this same thing happened and it ended being Kim Jong-un had ankle surgery. He could be having the same issue again due to his obesity effecting his ankles. I guess we will see what happens.

I guess somebody has to pay for the free money the DPK plans to handout after their election win:

The ruling Democratic Party, now in control of both the Blue House and a majority in the National Assembly after last week’s elections, is expected to move swiftly to reshape real estate policy in Korea.

Lawmakers are expected to soon begin discussing proposals for a comprehensive real estate tax increase, with the goal of passing a bill before the current session ends at the end of May. The quick turnaround would allow the new rules to be applied before the June 1 deadline, when property taxes are levied.

The new proposals follow recent increases to the government’s assessed values of real estate.

The government is currently proposing increasing the maximum property tax for people who own a single apartment from 2.7 percent to 3 percent. For those with multiple apartments, the tax rate would increase from 3.2 percent to 4 percent. 

The government is also pushing to raise the maximum tax that could be levied on owners of two or more apartments in areas it has designated as speculative or overheated. In the case of Seoul, that’s every district.

Joong Ang Ilbo

You can read more at the link, but the article says that apartment owners in Seocho and Gangnam could pay an additional $58,000 in property tax this year.

It will be interesting to see how eager the people in Seoul are to rush back to these nightclubs and hostess bars:

Seoul health authorities warned clubs that reopened Monday after a 12-day operation ban to strictly abide by hygiene guidelines or face another shutdown order.All nightclubs, hostess and karaoke bars and other nighttime establishments in Seoul, called the “entertainment industry” in Korean, were forced to close on April 8 after a hostess in Gangnam District, southern Seoul, tested positive for the coronavirus.  

They were allowed to open on Monday, a day after the central government’s so-called high-intensity social distancing campaign wrapped up.  

The high-intensity campaign did formally end on Sunday, but central government officials said that didn’t mean social distancing was entirely over. Authorities outlined a new campaign that will last 16 days from Monday through Children’s Day on May 5, easing several guidelines in the campaign that ran for four weeks but fundamentally leaving hygiene recommendations intact. 

Joong Ang Ilbo

You can read more at the link.

There is an interesting interview in the Korea Times with one of the North Korean restaurant workers that defected to South Korea back in 2016 I recommend everyone read:

The big question that so many have been asking: Did everyone want to escape?

A: It seems like a clear question, but the answer isn’t clear. Not all employees working at the Chinese restaurant wanted to come to South Korea. 

The context is that the work in China was tougher than we had expected. We had good situations in North Korea, so we were often openly wondering why we were working so hard; it was not as golden as it had been presented to us in North Korea. Therefore, most of us agreed to seek better working conditions in a different country.

We were not ignorant about the outside world. When I was in North Korea, I certainly knew about the possibility of escaping to South Korea, and from what I knew about the others, they did too. But we all had good lives in North Korea; why should we go to South Korea?

In discussing seeking better working conditions, about six or seven employees left. That group took taxis to the North Korean embassy to make it clear they were not participating in an escape.

Korea Times

You can read the rest of the interview at the link, but I also found it very interesting that she never met the Minbyun lawyers that were claiming that the North Koreans were kidnapped and wanted to go back.

It looks like Koreans will soon see some money heading their way for voting for the DPK this past week:

Following its win in Wednesday’s general election, the ruling party is reigniting the drive to offer emergency disaster relief money to every household to ease economic strain from the coronavirus pandemic ― in the face of the government’s opposition due to pressure on financial soundness. 

On Sunday, the Democratic Party of Korea (DPK) held a trilateral meeting with Cheong Wa Dae and the government in Seoul to seek an understanding on expanding the scope of recipients. DPK Chairman Rep. Lee Hae-chan and floor leader Rep. Lee In-young sat with Senior Presidential Secretary for Policy Kim Sang-jo and Finance Minister Hong Nam-ki. 

The initial government scheme was to deliver between 400,000 won ($328) and 1 million won in accordance with the number of household members in the bottom 70 percent of income-earners. But during the election campaign, the DPK pledged to give the disaster allowance to every citizen in an effort to gain votes.

Korea Times

You can read more at the link.