South Korea’s president on Monday described the country’s escalating trade war with Japan as a wake-up call to revamp its economy and issued a nationalistic call for economic cooperation with North Korea, which he said would allow the Koreas to erase Japan’s economic superiority in “one burst.”
President Moon Jae-in made the comments in a meeting with senior aides to discuss Japan’s imposition of trade curbs on South Korea. They came as a surprise since North Korea has raised tensions in recent weeks with tests of new short-range weapons that pose a threat to South Korea’s security.
“The advantage Japan’s economy has over us is the size of its (overall) economy and domestic market. If the South and North could create a peace economy through economic cooperation, we can catch up with Japan’s superiority in one burst,” Moon said in the meeting at Seoul’s presidential Blue House.
“Japan absolutely cannot prevent our economy from taking a leap. Rather, (Japan) will serve as a stimulant that strengthens our determination to become an economic power,” he said.
Moon’s claim that South Korea could overcome the trade dispute with Japan, the world’s third-largest economy, by cooperating with North Korea, a desperately poor nation currently under crippling U.N. sanctions, shows that he is running out of ideas for seeking leverage against Japan, which for decades has maintained a huge trade surplus with South Korea, some analysts said.
Even if economic cooperation between the Koreas fully resumes after quick progress in nuclear diplomacy — which looks increasingly unlikely — rebuilding the North’s economy following decades of isolation and policy blunders could be a long and excruciating process.
Opposition lawmaker Lee Man-hee, spokesman for the conservative Liberty Korea Party, said Moon’s comments were shocking and delusional.
“After refusing to issue a single warning over North Korea’s blunt provocations targeting (South Korea), why is the president talking about inter-Korean economic cooperation now?,” Lee said. “A peace economy — where peaceful relations drive economic growth — only sounds good, and it’s not clear what it is and how things will be actually done.”
Moon has described Japan’s moves to downgrade South Korea’s trade status and tighten controls on exports to South Korean manufacturers as a deliberate attempt to damage his country’s export-dependent economy. He has accused Tokyo of weaponizing trade to retaliate over political disputes surrounding the countries’ bitter wartime history.
Tokyo says its measures are based on national security concerns and, without providing specific evidence, has questioned the credibility of South Korea’s export controls on sensitive products. Japanese officials have also claimed that South Korea could not be trusted to faithfully implement sanctions against North Korea and suggested that the South may have allowed sensitive materials to reach the North.
North Korea and Japan didn’t immediately respond to Moon’s comments. The North has been demanding that Seoul turn away from Washington and restart inter-Korean economic projects held back by U.S.-led sanctions against the North. The U.S. has said the sanctions should stay in place until the North takes concrete steps to relinquish its nuclear weapons and ballistic missiles.
The North has significantly reduced its diplomatic activity with the South amid a stalemate in the larger nuclear negotiations with the U.S. It has been ramping up its weapons tests, including two test firings of what it described as a new rocket artillery system last week, while expressing frustration over the slow pace of diplomacy and the continuance of U.S.-South Korea military drills that it sees as an invasion rehearsal.
CR. Global news
1. [+18,655, -2,005]
Like if you want an impeachment~~~!!!
2. [+14,971, -1733]
This is insane... This is not an idea anyone sane can think of...He's saying these based on no grounds... Right now KOSPI has fallen 7% lower and the exchange rate just keeps on increasing...He has no countermeasures, only North Korea...
3. [+15,711, -2,491]
Moon Jae In's coming out as a pro-North commie
4. [+4,946, -1,333]
He's not in his right mindㅎㅎ
5. [+3,133, -702]
He's purposefully ruining our anti-Japan economic movement, and selling our souls away to North Korea, these f*ckers are resolute. The next target would be clearly the anti-US movement..
6. [+2,381, -610]
Moon Jae In are you a North Korean? You have no patriotism in your head, you can only see Kim Jung Un right? I think you caught some severe disease...
7. [+2,032, -536]
I can't believe this. Do these words come from his mouth? Or is this the devil
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