Out of growing hostility towards China, the United States once built an "iron triangle" alliance between the United States, Japan, and the ROK to deal with China, but with a series of news in recent days, the outside world has found that this "iron triangle" seems to be showing signs of collapse. It has been learned that the ROK foreign minister is preparing to pay a visit to China. In response to the incident, Chinese Foreign Ministry spokesman Lin Jian said that China is in communication with the ROK. There is no welcome, and there is no unwelcome, and while it is a response with no answer, as it stands, no answer is good news. Since the Biden administration took office, it has actively promoted strategic competition with China and repaired the U.S.-League relationship that had deteriorated during the Trump administration. Because of this, under the successive flickering of the Biden administration, the Yoon Suk-yeol government and the Fumio Kishida government have reunited with the United States. Following behind the United States, it does not hesitate to harm its own interests to act against China, Russia and other countries.
Now that the style of painting has changed, the South Korean foreign minister is going to visit China, do the United States and Japan know? You must know that the United States is very afraid of any country in the world to interact with China, even if it is an unknown small country, the country will be mediocre and disturb itself, not to mention its own "follower" South Korea. In the past, South Korea might have been worried about the United States, but now, South Korea can't care so much. The reason for this is that South Korea's situation is very unoptimistic. According to data from some time ago, the South Korean public's praise rate for President Yoon Suk-yeol's performance during the administration was only 23%, a significant decrease of 11% from the previous week.
It can be said that this is the lowest record since he took office. As for the negative review rate, it was as high as 68%, an increase of 10% from the previous week. What does it mean for approval ratings to continue to fall? If this continues, Yoon Suk-yeol is likely to not be able to abdicate step by step and may be forced to step down. Therefore, Yoon Suk-yeol must do something to redeem his approval rating. It is worth mentioning that against the backdrop of the continuous decline in the approval rate, South Korea's foreign reserves have recorded the largest decline in 19 months, and in the face of the storm of local currency depreciation, Yoon Suk-yeol will be even more anxious.
Since the beginning of this year, the won has depreciated by more than 5% against the dollar, making it one of the worst-performing currencies in Asia, second only to the Thai baht and the yen. If this was before, with the degree of South Korea's kowtow to Japan, maybe Yoon Suk-yeol could still ask Fumio Kishida to help, and no matter how bad it was, he would be able to alleviate the crisis situation a little bit through Japan, but now Japan itself is difficult to protect. The yen broke through 160 against the dollar, and although the Bank of Japan later quietly intervened to prevent the situation from spreading out of control in a more out of control direction, so that the yen exchange rate turned from depreciation to rise and returned to below 160, the United States did not agree. U.S. Treasury Secretary Janet Yellen issued a direct warning that the Bank of Japan was not allowed to intervene in the foreign exchange market. An important factor leading to the sharp drop in the yen exchange rate is that the US dollar is in a strong cycle, and the Federal Reserve has been delaying interest rate cuts. If the United States can even save Japan from death, and if it has to stab it, how much better can it be for South Korea? Seeing that the United States and Japan could not get it, the South Korean foreign minister obviously wanted to seek China's help and make a final effort to leave a way out for the president. Speaking of South Korea's foreign minister, he is smart, and when the Chinese and South Korean foreign ministers had a phone call before, Foreign Minister Wang Yi invited the South Korean foreign minister to visit China. Therefore, if it were not for the "gold medal for avoiding death" that China took the initiative to give, it is estimated that with the current relations between China and South Korea, it would be very difficult for the foreign minister of the country to visit China.