President Moon Promotes Economic Self Reliance After Japan Official Implements Trade Restrictions

The talk of economic self reliance from President Moon could be construed as “juche“, but he is really promoting bringing back production to Korea from overseas plants:

President Moon Jae-in, fourth from right, attends a groundbreaking ceremony for a Hyundai Mobis factory on Wednesday that will produce auto parts for eco-friendly cars in the Ewha Industrial Complex in Ulsan. From right: Minister of Trade, Industry and Energy Sung Yun-mo, Deputy Prime Minister for the Economy Hong Nam-ki, Ulsan Mayor Song Cheol-ho, Moon and Park Chung-kook, CEO of Hyundai Mobis. [YONHAP]

President Moon Jae-in said it was time for Korea to protect its economy on the day Japan officially removed Korea from its so-called white list of countries that receive preferential export treatment.  

“We have no choice but to protect our economy at a time when free and fair trade is being shaken by trade retaliation for political purposes,” Moon said on Wednesday while attending a groundbreaking ceremony for a new Hyundai Mobis plant in Ulsan. “What we need now is the will and confidence to protect our economy on our own.” 

Joong Ang Ilbo

You can read more at the link.

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Flyingsword
Flyingsword
5 years ago

commie moon is clueless

setnaffa
5 years ago

Moon: “The Japanese are right bastards!”

Also Moon: “How dare the Japanese stop buying Korean goods and selling us raw materials at a discount?”

I would not characterize Moon as clueless. I believe he’s a very intelligent fellow. The people who voted for him, not so much…

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