Occupied Korea Suffers 1st Trade Deficit with China in 3 Decades
Occupied Korea Suffers 1st Trade Deficit with China in 3 Decades
Korea has suffered a trade deficit with its biggest market China this year for t..
Good. The first thing that will fall of the US empire, will be the tributary states.
Though I think we should moderate our glee somewhat since South Korea is an occupied colony of the US and a lot of Korean people are going to suffer during this decline due to American demands.
The price in Korea is so high that many people smuggle rice through commercial flights between China and South Korea.
Everything I've read about South Korea in recent years makes it sound like hell on earth.
https://fortune.com/2023/03/10/south-korea-69-hour-workweek-overtime/
The government will also expand the maximum amount of overtime an employee can take a week to 29 hours, meaning a maximum workweek of 69 hours. South Korea's government argues that the new scheme allows for greater flexibility, and expressed hopes that workers might work fewer hours overall
On Thursday, South Korea’s labor ministry even tried pitching the new rules as a way to support the country’s flagging fertility rate, which at 0.78 births per woman is the world’s lowest. Ministers suggested that staff might work longer hours one week in exchange for longer holidays elsewhere in the year.
Korean business groups have welcomed the plan, while unions and women’s groups have criticized the proposed rules.
It doesn't sound like hell after knowing that these smugglers damaged the luggage rack of a Boeing 737.😂
Hell Joseon moment
That sound like something Yeonmi Park would say about north korea.
If chip exports contributed most to the previous trade surpluses for ROK and now US has sanctioned Chinese companies on the chip aspect, wouldn't the sanctions be the primary reason behind China using homegrown ones? They only abstractly mention "Washington-Beijing tensions" in the last line.
The sanctions are absolutely the reason, and as I recall both ROK and Taiwan fought really hard to get exemptions. I guess now that China's domestic output is ramping up, there's simply no reason to import.
Am I the only one who finds the article's picture weirdly hilarious? It has some meme energy to it
Occupied Korea wondering how the hell a SOCIALIST COUNTRY managed to surpass them, a CAPITALIST country, right under their noses and managed to get on top of the world; when capitalism supposedly promoted infinite growth:
totally
I love how so many western 'news' articles will still unconsciously represent the communist country as the massive specter looming over them
some things never change
a specter is haunting capitalism!
Other reasons for the deficit are growing tensions between Washington and Beijing and China's economic slowdown.
No shit honorary Aryan, THAT IS THE REASON! If you sanction a country, they'll find a way to bypass it. In this case, funding indigenous products.