Author: GIKorea

Tweet of the Day: How China Annexes Territory in the South China Sea

South Korea Hit with Highest Tariffs of FTA Nations

I think this is where the political crisis has really impacted South Korea, which is the inability to effectively negotiate tariffs with the Trump administration because you don’t know who will be President week-to-week:

Korea hit with highest tariff rates among US free trade partners

Industry Minister Ahn Duk-geun, right, speaks at the Korea Chamber of Commerce and Industry in Seoul, Thursday, during a meeting with businesspeople to discuss countermeasures against U.S. reciprocal tariffs. In the middle is Trade Minister Cheong In-kyo.

Korea has been hit with the highest reciprocal tariff rate among the 20 countries that have free trade agreements (FTAs) with the United States.

With it clear that Seoul had failed to persuade Washington to impose lower tariffs on Korean products compared to those from major exporters like Japan and the European Union, concerns are growing over Korea’s diplomatic approach and future trade negotiations with the U.S.

The White House announced on Wednesday (local time) that the U.S. will impose a 26 percent reciprocal tariff on Korea, while charging 24 percent on Japan and 20 percent on EU member states.

Korea Times

You can read more at the link.

$341 Million Worth of Cocaine Seized in South Korea Based on FBI Tip

Drugs are a growing problem in South Korea that hopefully this drug seizure will help to combat:

South Korea’s customs authorities and Coast Guard on Wednesday seized approximately 1 ton of smuggled cocaine on a foreign vessel docked on the country’s east coast, officials said.

The Donghae regional office of the Coast Guard and the Seoul Regional Customs deployed around 90 personnel to search the ship docked at a port in Gangneung after receiving a tip-off from the U.S. Federal Bureau of Investigation (FBI) at around 6:30 a.m.

The FBI had warned that a 32,000-ton carrier suspected of carrying drugs was entering Korean waters on the day, according to the officials.

The Norwegian-flagged vessel is believed to have departed from Mexico and traveled through Ecuador, Panama and China before arriving in Korea.

Authorities discovered 50 boxes each containing about 20 kilograms of cocaine hidden aboard the ship.

The seized drugs have an estimated market value of 500 billion won (US$341.7 million), equivalent to around two million doses.

Yonhap

You can read more at the link.

Tweet of the Day: Chinese Military Begins Blockade Exercise Around Taiwan

Korea’s Acting President Calls for Politicians to Speak Out Against Violence Before Impeachment Ruling is Announced

I hope it doesn’t happen, but at this point I would be shocked if violence of some kind does not happen after the impeachment decision. I think the violence will be less if Yoon is impeached and greater if he is retained:

Acting President and Prime Minister Han Duck-soo on Wednesday urged politicians to avoid making divisive remarks that could lead to violence on Friday, when the Constitutional Court is scheduled to deliver its ruling on President Yoon Suk Yeol’s impeachment.

Han’s remark comes amid a deepening partisan rift observed in the National Assembly, coupled with the political turmoil that has gripped the nation since Yoon’s martial law decree in December.

“Now is a time to prioritize the stability and survival of our community over political gain,” Han said during a meeting attended by the heads of the justice, science, defense and interior ministries. Seoul Mayor Oh Se-hoon also attended the meeting, as did the chiefs of police and firefighting agencies.

“I earnestly plead with you to refrain from remarks that can provoke or incite illegal protests or violence. Please show a responsible attitude that contributes to social cohesion rather than (prompting) division and conflict,” he added.

Concerns have mounted over the possibility of violence and clashes on Friday between pro- and anti-Yoon protesters as well as conflict between demonstrators and the police.

Korea Herald

You can read more at the link.

U.S. Embassy Warns Americans to Stay A Way from Large Gatherings in Korea Due to Impending Impeachment Decision

This weekend would be a good time for Americans in South Korea to keep a low profile because the potential for violence caused by the upcoming Constitutional Court ruling is a probability:

The U.S. Embassy in Seoul advised American citizens in South Korea on Wednesday to avoid large crowds or demonstrations ahead of the Constitutional Court’s verdict on President Yoon Suk Yeol’s impeachment. 

The notice came as the top court is set to rule on Yoon’s impeachment over his brief imposition of martial law on Dec. 3. 

“In connection with the Constitutional Court’s verdict on the impeachment of President Yoon, U.S. citizens should anticipate large-scale demonstrations and an increased police presence,” the embassy said in a posting on X. 

“Avoid areas where demonstrations are taking place, and exercise caution in the vicinity of any large crowds, gatherings, protests, or rallies,” it said.

Yonhap

You can read more at the link.

Koreans Have Three Times the Amount of Medical Visits than the OECD Average

Considering how cheap health care is in South Korea it is not surprising that Koreans are going to the doctor more on average than other countries:

South Koreans on average visit local medical clinics 18 times a year, far exceeding those in other similar countries, a recent report showed.

The report on South Koreans’ health care usage found that the average number of annual outpatient visits per capita reached 18 in 2023. This figure is almost three times the Organization for Economic Cooperation and Development average of 6.4 in 2022.

Korea Herald

You can read more at the link.

Tweet of the Day: China Accuses the Philippines of Destabilizing the South China Sea