Friday, March 04, 2022

On the Korean Peninsula

Why, it's like nothing and no one is there to deter Kim:

North Korea has fired at least one suspected ballistic missile into the sea, according to its neighbors' militaries, apparently extending its streak of weapons tests this year amid a prolonged freeze in nuclear negotiations with the United States.

South Korea’s Joint Chiefs of Staff on Saturday said the weapon was fired toward the country’s eastern waters but didn’t immediately say how far it flew. Japan’s Defense Ministry said the weapon was possibly ballistic.

It was the North’s ninth round of weapons launches in 2022 as it continues to use a pause in diplomacy to expand its military capabilities while attempting to pressure the Biden administration for concessions.

 


This will cost Moon's party come March 9th:

Meanwhile, Korea's household debt burden has increased at the fastest clip during the last five years among 17 countries tallying such statistics. The ratio that gauges how much of a wage earner's annual income is used to service debt reached 12.6 percent at the end of 2021. It rose 16.7 percent since late 2016. The other countries including the U.S. and U.K. saw the debt service ratio (DSR) on average 3.1 percent over the five-year period. Korea's DSR surged because of a sharp increase in people taking out loans to buy apartments, whose prices skyrocketed due to the Moon Jae-in administration's failed real-estate policies.




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