China’s Narrow-minded Retaliation Over THAAD
Since South Korea announced the deployment of THAAD, China has been harassing South Korea through various channels.
Read MoreExpert analysis, op-eds, and reports on the foreign policy, economic, and social issues that impact the Korean peninsula.
Since South Korea announced the deployment of THAAD, China has been harassing South Korea through various channels.
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More and more Koreans are saying that they don’t trust Korean companies.
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Most Koreans are interested in two things now. Whether the people involved in the ‘Choi Soon-sil scandal,’ including President Park Geun-hye, Choi Soon-sil, and Lee Jae-yong, vice chairman of Samsung Electronics, will be punished and who will be the next president of South Korea.
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After the U.S. presidential election, many experts were concerned about the policies of the new U.S. administration and how they might affect East Asia and the Korean economy in particular.
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South Korea faces a household debt crisis. Household debt reached more than 1,257 trillion won ($1.1 trillion) in the second quarter of this year, up 125.7 trillion won and 11.1 percent from a year ago. This marks the highest level for household debt since the government began compiling related data in 2002.
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The South Korean economy is drifting like a ship which has lost its captain while the ‘Choi Soon-sil Scandal,’ a civilian who has no official title, has shaken South Korea for over a month.
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