Mexico's greatest sorrow is that it is too far from heaven and too close to the United States. South Korea, as our neighbor, always wants to side with the United States against us, but instead of reaping the benefits, even the economy is still in jeopardy, and when everyone is asking whether the United States wants to harvest Japan, South Korea is already out of breath, and even the won has fallen to a low level.
And just as the United States continues to escalate sanctions against China and wants to continue to rally allies to besiege us again, a plane took off from East Asia and landed in Beijing, and the South Korean foreign minister visited China again after six and a half years. The situation in Europe and the Middle East has changed dramatically, and Northeast Asia is about to start to change?
South Korea jumped back, and the foreign minister visited China
I thought that Europe's rebellion was already a heavy blow to the United States, but what I didn't expect was that even South Korea began to jump back, and the South Korean foreign minister visited China again after six and a half years, and the general trend of the United States was going.
All friendship between countries is based on interests, and all decisions are just the result of weighing the pros and cons, and Yoon Suk-yeol, who has always been Biden's leader, has also begun to turn around again, seeking cooperation with China, and the layout of the United States has begun to reverse again.
Recently, according to relevant media reports, South Korea, which has always been pro-US and far away, suddenly ushered in a huge turn, that is, the South Korean foreign minister suddenly visited China. And as soon as he arrived in Beijing, the South Korean foreign minister held a forum for South Korean companies in China.
And during the talks, South Korea's foreign minister said that the shift in trade relations between China and South Korea has brought challenges to South Korean companies, and said that he would engage in "active diplomacy."
It can be said that this is the most positive voice expressed by South Korea in the past two years. You know, since Yoon Suk-yeol came to power, South Korea has abandoned its past policy practices and began to tilt almost completely toward the United States. Not only cooperated with the United States, but also formed a siege against us in the semiconductor industry, and even pointed fingers at our Taiwan affairs.
Previously, Yoon Suk-yeol said during his visit to the United Kingdom and in interviews with British media that he was worried about unilaterally changing the situation in South Korea, and at the same time said that South Korea expects to maintain the status quo, etc., which can be said to be the most daring move by South Korea.
And South Korea's purpose in doing all this is nothing more than to cooperate with the relevant tactics of the United States. However, even if South Korea bows its head to Japan and offends China, what will South Korea get in exchange?
Recently, the United States has escalated sanctions again in order to suppress China's semiconductors, confiscating the export licenses of Intel and Qualcomm, and whether the export licenses of South Korea's Samsung will be confiscated can be said to be a matter of time.
But can South Korea still withstand such pressure? You must know that the United States wants to completely block China's semiconductors through a joint method, but can the United States still do it now? It's not like the United States hasn't tried it in the past two years, but what is the result?
You must know that in 2023, Samsung Electronics' operating profit will be 6.567 trillion won, and this data has plummeted by nearly 84.86% year-on-year compared with 2022, so it can be said that Samsung Electronics has experienced a big defeat in the past 15 years.
You must know that Samsung alone occupies nearly 1/5 of South Korea's GDP, and Samsung Electronics is the main force in its main force. In 2018, South Korea was still a huge surplus country in trade between China and South Korea, with a surplus of about $55.6 billion that year, and a decrease to about $23.6 billion in 2020, and a trade deficit of nearly $10 billion in 2023.
From a surplus of 10 billion to a deficit of 10 billion, it can be said that South Korea is no longer taking sides, but committing suicide. But what did the United States gain in exchange? Nothing was exchanged, nothing was exchanged for more fathers and sons. Seeing that the United States has escalated sanctions again, will South Korea still follow? Europe has already begun to jump back, what are South Koreas waiting for?
South Korea's last chance
Although it is dangerous to be an enemy of the United States, there is still hope for survival, but it is very dangerous to be an ally of the United States, after all, in the eyes of the United States, allies are just dry wood in the fire, which is just used for use.
Today, we see that Japan's exchange rate has fallen from a low of about 105 in 2020 to around 160 recently, a depreciation of about 60%, and these are just American masterpieces. However, the United States is still not reconciled. At a time when Japan came up with 8 trillion yuan to intervene in the exchange rate, the United States stood up and accused Japan of not intervening too much.
You must know that before Japan intervened in foreign exchange, the governor of the Bank of Japan personally flew to the United States to communicate, and together with the head of finance in South Korea, they all had the same demand, that is, they hoped that the United States would show mercy.
However, as we do know, the yen hit a 34-year low, and the won once again reached the low level around 2020, and even the rest of Asia sounded the clarion call for currency defense. Even in order to prevent short-selling, relevant South Korean institutions have personally cracked down on foreign-funded institutions, and Wall Street is behind this.
It can be said that South Korea chose the United States, not only did it not reap the benefits, but almost put itself in it. As for Southeast Asia, which Japan and South Korea have operated for many years, they were almost uprooted by the United States, and this is the price of choosing the United States.
And this year, Samsung Electronics changed its previous decline, and its operating profit in the first quarter reached 66,000 won, a year-on-year increase of 931.87%, and where did these profits come from? There is no doubt that most of them come from the Chinese market. Since the beginning of this year, South Korea's semiconductors to China have risen sharply, which has also turned South Korea from a deficit to a surplus again.
South Korea treats the United States as its own father, but the United States uses South Korea as a blood bag. Now that semiconductors have just made money, and the United States has begun to escalate sanctions, will South Korea follow or not?
In addition to semiconductors, we know that South Korea has a lot of competition with us in many industries. Especially in the shipbuilding industry, the two countries have been competing for more than a decade, but since this year, South Korea's shipbuilding industry has gradually gained the upper hand. Both the number of hand-held orders and the number of new orders have been surpassed by us, and even South Korea's previous leading LNG is gradually catching up.
Even in 2022, South Korea's shipbuilding industry will lose $280 million, and Samsung Heavy Industries will lose about $696 million. And now, the losses will only be greater, and it can be said that the current South Korea is just subsidizing the industry itself.
When it comes to the auto industry, China is overtaking in corners. Not only German and Japanese cars are threatened, but also Korean car companies, which now seem to have lost their track in the Chinese market.
A large part of our economic and trade investment in Europe is the automobile industry, and Hungary has become an important industrial center for us to enter Europe. Mercedes-Benz and BMW are stepping up cooperation with China, and even the tsundere Toyota is cooperating with China, and it is Huawei, so how much time and opportunities are left for South Korea now?
The existing industry has been impacted, and the future industry will not have an advantage, can it still win the favor of the United States again by clinging to the thigh of the United States? I guess that's very doubtful. Right now. Can the United States reward South Korea again if it can't even solve its own problems? I don't think it's very likely, and it's a good choice not to be sacrificed by the United States.
And now South Korea has only one way to live, and that is to choose to cooperate with China.
"China" is the only hope for South Korea
Provocation doesn't make you stronger, it only makes you more dangerous. South Korea's one-sidedness in recent years has not only not brought about economic take-off, but has brought about internal and external troubles. Now there is even more risk of being sacrificed by the United States, and the only hope left for South Korea is China.
In this meeting, we made it very clear that there is no fundamental conflict between China and South Korea, and at most it is industrial competition. Moreover, the ROK should strengthen its original intention, walk in the direction of each other, and not cross the line on the Taiwan issue.
It can be said that this is not only our exhortation, but also our admonition. Today's trade between China and South Korea has reached 310 billion US dollars, and from January to April this year, China-South Korea trade has ushered in another rise, while China and Japan have fallen. All this shows that the trade complementarity between China and South Korea is still very strong.
Besides, if South Korea does not hurry up cooperation with China now, who will it choose to cooperate with in the future? China has a great advantage in all three major industries designated by the United States. Even in the lithium battery industry, China is also outstanding, last year China's power battery installed capacity accounted for nearly 65% of the share, and this year, it is further increasing.
In the field of intelligent driving, South Korea has no splash, and these are all showing that South Korea needs to strengthen cooperation with China, and don't forget that South Korea's power battery raw materials are still imported from China in large quantities, that is to say, South Korea's battery industry is still based on China's industrial chain.
In addition to industrial cooperation, who else can Korea turn to in the field of finance? Japan is already unable to protect itself, will the United States provide South Korea with a large amount of dollars to save South Korea? I don't think it's impossible, and the only way to save South Korea is to borrow renminbi from China.
As for us, we are naturally happy to see the strengthening of economic and trade cooperation between China and South Korea, but it is not South Korea leading China's industry but South Korea's integration into China's industrial chain. Now that Vietnam has taken action, and even Europe is acting, how long can South Korea hold on?
What's more, the United States is still increasing subsidies for semiconductors to counter China, and South Korea now has to strengthen its adaptation to us if it wants to keep its own industry. As for other aspects, Yoon Suk-yeol still has to think clearly.
And for us, of course, this is good news. After all, at the moment of the Sino-US game, the US allies seek cooperation with us, which is enough to prove that the US control is becoming less and less sufficient. Now even loyal South Korea is seeking cooperation with us, which is much more symbolic than practical.
Perhaps this is the best situation for the world and for us to unite all the forces that can unite and let the United States fall into a situation of rebellion and separation.
Information sources:
Sputnik: Wang Yi: There is no fundamental conflict of interest between China and South Korea, and we should pursue a realm of harmony but difference
Finance Associated Press: Relying on AI to completely turn over? Samsung Electronics' Q1 profits soared, and the chip business turned into a profit
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