Korea propose summit with Japan and China, but neglected

Astroboy · 12 Oct 2008

Because of the growing concerns about Korea-Selling crisis, Korean President Lee Myung-bak said he would propose a financial summit with the leaders of China and Japan during the Asia Europe Meeting (ASEM) in Beijing later this month. But both Japan and China have not been responding or neglecting with smile.
http://english.chosun.com/w21data/h...om/w21data/html/news/200810/200810100014.html

Credit crunch triggered by US subprime mess has been affecting almost all countries of the world, but one of the most affected in Asia is likely South Korea.

In addition to the falling stock market, Korean won has conitnued to fall significantly as foreign investors are pulling out of South Korea. Korean won exchange rate was KW780-800 /USD in the summer of 2007, but it is now KW1,300/USD at the end of last week.

It is likely that South Korea will give up soon again, the same as their economy collapsed in 1997. And in order to avoid the second financial collapse, Korea seeks helps from Japan and China.......

WHY don't they ask IMF for help again? instead of asking their enemy - Japan.

Astroboy · 12 Oct 2008

Korea, Japan and China reached a consensus on establishing the $80 billion fund with ASEAN economies in May. But details still need to be worked out,'' Shin said, stressing Korea will try to make the fund operational by next year.
Korea to Propose Summit With China, Japan at ASEM

Korean economy sounds threatened as Korean media has increasingly been desperate for spreading "propaganda".

bammbamm&pebbles · 12 Oct 2008

Astroboy said:
And in order to avoid the second financial collapse, Korea seeks helps from Japan and China ...... WHY don't they ask IMF for help again ? instead of asking their enemy - Japan.

It will fall on deaf ears in Beijing as Chinese people finally became wary of S Koreans ( 属国朝鮮民族 ).So,we should add PRC ( vice versa ) on the enemy list as Japan

中国の主要コミュニティに最近載せられるコメントの９０％以上は,「韓国人は破廉恥な民族であり中国が打倒すべき対象」と表現している.インターネットの主要利用者の八零後（１９８０年代以降生まれの若者）は日本よりも韓国に対して強い反感を抱いている.

Astroboy · 12 Oct 2008

bammbamm&pebbles said:
It will fall on deaf ears in Beijing as Chinese people finally became wary of S Koreans.

Japan has finally reached an agreement with China.

Astroboy · 12 Oct 2008

Is South Korea Asia's Iceland?

Iceland is seeking a lifeline and trying to avert defaulting on its debt. That has some Asia watchers wondering whether this region may have an Iceland of its own.

While nobody is expecting Asian Crisis Part Two, Iceland's huge current account deficit and banking system malaise could provoke comparisons with Asian countries with open financial markets in similar circumstances. If it does, South Korea, the biggest money loser for foreigners during the 1997 financial crisis, may top the danger list.
Korea has the largest current account ...
Is South Korea Asia's Iceland?

Financial crisis of South Korea is obviously approaching - second time failure for the past ten years - as Japan and China agree to neglect.

Amathev · 13 Oct 2008

I didn't even know South Korea had a financial crisis not so long ago.
What's the 'IMF' by the way?

Astroboy · 16 Oct 2008

Korean Won Falls Most Since 1997, Stocks Drop on S&P Warning
South Korea's won slumped by the most since the International Monetary Fund bailed the nation out in 1997, after Standard & Poor's said banks may struggle to refinance their debt.....
Bloomberg - Are you a robot?

South Korean economy has increasingly been at stake. If they fall into the hands of IMF this year, South Korea would mark the World Record - Twice per 10 years.

It was very good for Japan to raise Taikeshima territorial issue a few month ago. If they have "KOrean Pride", they cannot ask Japan for help.

Iceland, Ukrina, Hungary, South Korea..... UK/Australia must be following those countries.

Adulado · 24 Oct 2008

Astroboy said:
South Korean economy has increasingly been at stake. If they fall into the hands of IMF this year, South Korea would mark the World Record - Twice per 10 years.
It was very good for Japan to raise Taikeshima territorial issue a few month ago. If they have "KOrean Pride", they cannot ask Japan for help.
Iceland, Ukrina, Hungary, South Korea..... UK/Australia must be following those countries.

Too bad many Koreans are Christians. You speak in a very pragmatic way as if everything were done by men (?)

Korea propose summit with Japan and China, but neglected

Astroboy

先輩

Astroboy

先輩

bammbamm&pebbles

Sempai

Astroboy

先輩

Astroboy

先輩

Amathev

先輩

Astroboy

先輩

Adulado

先輩

Similar threads