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It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

author:The flower planter on the road to the sea of stars

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According to a report by Yonhap News Agency on May 13, South Korean Foreign Minister Cho Tei-yeol departed for China at Seoul Gimpo International Airport for a two-day visit to China.

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

Doesn't that sound harsh? What is more interesting is that after the last visit to China, the South Korean Foreign Minister said that it was the turn of the Chinese Foreign Minister to visit South Korea, but before that, Chinese Foreign Minister Wang Yi said that he was very busy with work and did not go to South Korea to return to China directly.

It's disgusting to watch! South Korea, which is anti-China to the end, is going to kneel and beg China

As a Chinese, the author hates South Korean President Yoon Seok-yue very much, because watching the performances in recent years is really disgusting, with a paralyzed wife everywhere bad Chinese good things, bad things are done, evil people do absolutely hard, it is really hard to imagine that South Korea, which also stated that it wants to promote the development of the strategic cooperative partnership between South Korea and China in 2022, will become a vicious dog like Japan that is led by Biden and barks everywhere.

China can tolerate anything: but it must not come to get involved in the situation in the Taiwan Strait

In the early days of Yoon Suk-yeol's administration, there was a period of friendship with China, and there was still a lot of interaction between China and South Korea, for example, in May, China sent a special envoy to participate in Yoon Suk-yeol's presidential inauguration, and less than 3 months after taking office, South Korean Foreign Minister Park Jin led a delegation to visit China.

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

Originally, when the South Korean foreign minister visited China in August, he made it clear that South Korea had promised "three noes and one limit" (not considering the addition of the THAAD system, not joining the US anti-missile system, not developing the trilateral military alliance between South Korea, the United States and Japan, and restricting South Korea from using the THAAD system deployed at the US military base in South Korea), but after the South Korean foreign minister returned to South Korea, the South Korean presidential office immediately stated that the progress of the environmental impact assessment of the THAAD base will be accelerated, and the normalization of the THAAD base is expected to be completed by the end of that month!

From February 24 to March 24, 2023, the draft environmental impact assessment report of the THAAD ABM base was published online and offline. [49] On May 11, the Ministry of National Defense submitted an environmental impact assessment report for the THAAD base to the Ministry of Environment. On June 21, the Ministry of Environment of South Korea approved the environmental impact assessment report of the site.

On March 16, 2023, Yoon Suk-yeol visited Japan, and on March 6, before the visit, Yoon Suk-yeol decided to raise funds by a consortium under the Ministry of Public Administration and Security of South Korea to pay compensation for the defendant Japanese companies. South Korea's largest opposition party, the Democratic Party of Korea, said it was nothing more than humiliating diplomacy.

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

Why is South Korea doing this? The next thing we know is that the United States needs Japan and South Korea to live in harmony in order to deal with China wholeheartedly, and South Korea is willing to be used as a gun by the United States. On April 19, 2023, on the eve of Yoon Suk-yeol's visit to the United States, he said in an interview with Reuters that "the Taiwan issue is not only an issue between the two sides of the strait, but also a global issue like the North Korean issue." This operation makes China very angry, South Korea, you are the oldest, dare to point fingers at the Taiwan issue! Since then, the Global Times said that China has no control over the Yoon Suk-yeol government's "humiliating diplomacy of flattery and pro-Japan, but it will never tolerate China's core interests."

On April 26 of the same year, Yoon Suk-yeol visited the United States to cooperate with the United States in severely sanctioning China on semiconductors, and at the request of the United States, Japan and South Korea joined AUKUS, preparing to prepare for a full-scale confrontation with China according to the "Asian mini-NATO" model planned by the United States in advance. South Korea stood on the Russia-Ukraine conflict and joined NATO's Center of Excellence for Cooperative Cyber Defense (CCDCOE) as a full member. Before his visit to the UK, he even mentioned that China's pursuit of trilateral cooperation with the DPRK and Russia, which blatantly violates the UN Charter, Security Council resolutions and other international norms, is not conducive to its own international reputation and status. The Government of the Republic of Korea has always stressed the importance of peace and stability in the Taiwan Strait and the establishment of maritime order.

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

Since Yoon Suk-yeol came to power, has the South Korean government's diplomacy felt like a mad dog strategy? Indeed, some netizens summarized South Korea's foreign policy, which is almost the support rate obtained by taking ultra-nationalist diplomacy and inciting populism, I have to say that Yoon Suk-yeol once succeeded, but South Korea is too small, and standing on so many issues has offended China, South Korea's largest exporter, which is intolerable in the South Korean economic field and the middle and lower classes, because these foreign policies are directly related to their jobs.

In May 2023, South Korea's official data showed that the United States will become South Korea's largest trading partner, replacing the current largest export destination - China, but South Korea's economic community is like a big enemy, the reason is simple, South Korea's exports to China have plummeted, but exports to the United States have only risen slightly, which is definitely not a good thing!

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

But what is the head of the Yoon Suk-yeol government is another big event that is a bit dramatic, South Korea's medical reform! The purpose is very simple, the number of doctors in South Korea is too small, the cost of medical treatment is too high, and the general public cannot afford to see a doctor, but the threshold for university medicine is extremely high, to solve the problem of shortage of doctors in South Korea, it is planned to expand the number of new medical students in the college entrance examination in 2025, from 3,058 to 5,058 per year.

However, this plan has been collectively opposed by South Korean doctors, causing an uproar in the medical community, for the simple reason that the mass training of doctors will reduce the income of doctors, causing dissatisfaction with the previous idea of sharpening their heads to enter the medical field to make a lot of money. The Korean Medical Association (KMA) and the Korean Association of Interns and Residents (KIRA), the largest medical organizations in South Korea, led to a boycott of many hospitals in South Korea, which led to a wave of resignations, and finally the Yoon Suk-yeol government announced the postponement of the medical reform in early April.

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

On April 11, the results of the 22nd National Assembly election were announced, with the largest opposition party, the Democratic Party of Korea (Lee Jae-myung), winning 161 of the 254 sub-district seats, while the ruling National Power Party (Yoon Suk-yeol's party) won only 90. Yonhap News Agency said the Democratic Party of Korea, the largest opposition party, won a landslide victory.

South Korea and the United States analysis said that the fiasco of Yoon Suk-yeol's National Power Party seems to be due to South Korea's medical reform, but the real root cause may not be just this, in the past two years, the Yoon Suk-yeol government's external value diplomacy has led to an almost "break" between China and South Korea, which has seriously affected the development of South Korea's economy, and the South Korean economy has deteriorated during the two years that the Yoon Suk-yeol government has been in power, and prices have risen significantly after entering 2024. South Korean people come to Qingdao by plane to carry rice and make huge profits, have you ever heard of this kind of news?

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

The 22nd National Assembly election is a serious warning to the Yoon Suk-yeol government that his values diplomacy and populist methods are not working! At the end of the month, there will be a China-Japan-South Korea summit to explore China's tone before the summit, and even China will reach some kind of deal in private, in order to get a good card in the summit and give an explanation to the South Korean people, so this time the South Korean foreign minister broke the routine and hurriedly visited China, which was to kneel and beg!

But are the Chinese so fun? It is your own business for South Koreans to flatter Japan, and the semiconductor sanctions against China can be said to be forced by the United States, but what does it mean that South Korea is trying to interfere in China's internal affairs on the Taiwan issue? Speaking of which, the Chinese government can tolerate other things for a while, but South Korea is absolutely intolerable in hyping up the Taiwan issue, and this is the reason why Foreign Minister Wang Yi ignored South Korea and returned to China directly.

The collapse of the won, the collapse of the shipbuilding industry: South Korea has run out of things to sell

South Korea looks like a developed country, but this so-called "developed country" has nothing to develop, and several areas that are proud of Korean songs have completely collapsed, and I don't know what South Korea thinks, and it still wants to go against China!

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

The most dramatic of South Korea's declining industry is probably shipbuilding! On April 29, China Shipbuilding Group and QatarEnergy signed a contract for 18 ultra-large liquefied natural gas (LNG) vessels of 271,000 cubic meters, with a total contract value of more than 40 billion RMB (about 5.6 billion US dollars), which is the world's largest shipbuilding contract so far, and the South Koreans have not grabbed any of them!

In fact, since the rise of China's shipbuilding industry many years ago, South Korean shipbuilding has begun to decline, but at the critical time, you will not think that it is the Americans who kicked in the back of South Korea, you read that right, it is the Americans who have helped China, otherwise the author would say that it is the shipbuilding industry that is the most dramatic?

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

In 2022, the market share of China's shipbuilding industry will reach 49%, surpassing the combined market share of Japanese and Korean shipyards for the first time! In 2023, the market share of China's shipbuilding industry has actually gone one step further again, reaching 68% of the ceiling level, and the Japanese and South Korean markets have shrunk to 29% (11% in Japan and 18% in South Korea), especially from January 2023, the South Korean shipbuilding industry has simply reached the level of collapse, especially before entering the second quarter, the Korean shipbuilding industry was almost completely defeated, and the Chinese once occupied 80% of the share. It was not until the end of the second quarter that South Korea's data rebounded slightly as China's capacity to undertake orders was saturated and some orders began to flood.

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

The reason why this is the case is entirely because the Federal Reserve continues to raise interest rates, which directly bankrupts the shipbuilding industry in Japan and South Korea! Starting in March 2022, the United States has raised interest rates 11 times in 15 months, from zero to 5.5%! In order to prevent the outflow of dollars from the country, South Korea's interest rate has been tripled two times that of two years ago. Due to the sharp rise in interest rates, the shipbuilding industry in Japan and South Korea, a special industry, has been devastated, and the shipbuilding industry has a long ship delivery cycle and requires a lot of steel, equipment and labor. From the procurement of raw materials to the launch of the ship, it can take only a few months or as long as two years.

For many shipbuilding enterprises, there are many ships under construction, and the deposit of the shipowner is completely insufficient to pay, and the shipyard needs to advance funds to solve these problems. Under normal circumstances, there is no problem at all, but since March 2022, with the Federal Reserve's crazy interest rate hike, the cost of the shipbuilding industry in Japan and South Korea has not risen, but the interest in the financing market has increased several times, which has made the shipbuilding industry, which has made the shipbuilding industry, which has meager profits, even worse.

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

In this way, for every LNG ship with a period of 2-3 years and a value of about 250 million US dollars, Japanese and Korean shipyards will spend more than 10 million US dollars on interest alone, so Japanese and Korean shipyards will increase their quotations by 10 million ~ 15 million US dollars in the same period.

How does China do it? It stands to reason that China is also going to raise interest rates, but China has done the opposite and cut interest rates instead, because it promotes production and investment, and it is accompanied by a slight depreciation of the renminbi, which reduces costs even more, because China's economy is strong enough to be completely unafraid of the US interest rate hike.

Do you see? The Americans gave a kick in the door, why did the Americans raise interest rates for so long, they originally came to harvest China, but China's days are getting more and more moisturized, but Western countries can no longer hold on, the reason is very simple, the United States interest rate hike withdrawal effect is very strong, and the Russian-Ukrainian war is ongoing, capital has nowhere to go, either the United States or China, go to the United States to make quick money, come to China to invest for medium and long-term considerations, of course, go to the United States more, but China has also fallen a lot of benefits. Therefore, China can rivet its strength and fight to the death with the United States, and the United States can only desperately suck the blood of its allies to hold on, and it is still unknown who will die, but now it seems that China has an advantage.

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

Back to the topic of South Korea, the shipbuilding industry has declined, and semiconductors have also declined, because the United States forced South Korea to choose a side and give up the Chinese market.

There is also one of the lifeblood of South Korea's automobile manufacturing industry, Korean cars used to be very popular in China, and now there are still a few 4S stores of Korean cars in China? Like the collapse in sales of Japanese cars, it can be regarded as being marginalized by Chinese electric vehicles, but fortunately, Korean cars have not collapsed in other parts of the world, otherwise Koreans will not be able to find a place to cry.

It's disgusting to watch! The collapse of the won and the sharp decline in the shipbuilding industry: South Korea, which is anti-China to the end, is about to kneel and beg China

The Korean won is still plummeting, the high interest rate of the dollar continues, Japan and South Korea will not have a good time, a large number of dollars have been withdrawn, inflation is followed by a comprehensive decline of the industry, Japan and South Korea's two loyal followers really did not expect to be harvested by the United States so badly, the United States has to turn all the remaining industries in Japan and South Korea into American capital.

China and the United States still have the possibility of cooperation, but Japan and South Korea are not, because China is developing industries that can replace Japan and South Korea, just like the shipbuilding, semiconductors, automobiles, mobile phones and electronic products mentioned above, taking advantage of a wave of US sanctions, the domestic industrial chain has been completed, and Japan and South Korea will decline in full force after this time!

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