South Korea: Two years of anti-Japanese boycott: Deficit with Japan exceeds 1,110 billion yen
-“Western de-Koreaization” is also progressing-
Japanese goverment:
Two years have passed since July 1st, after announcing the strengthening of export control for South Korea.
A radical anti-Japanese boycott was launched in South Korea, and Japanese products disappeared.
Imports from Japan are rapidly increasing in South Korea.
The tide changes in two years:
Certainly, South Korea’s imports from Japan have fallen once.
However, recently it has entered a rapid increase trend.
South Korea’s imports to Japan surge:
From January to May 2021, the value of imports from Japan exceeded 2.4 trillion yen.
Increased by 20% year-on-year.
As a result, South Korea’s deficit with Japan exceeded 1,110 billion yen.
In the end, it is returning to its former composition of dependence on Japan.
South Korea imports parts and materials from Japan:
From January to May 2021, it exceeded 1.5 trillion yen.
Material imports increased by 15% year-on-year.
It is said that the import value of parts materials for Japan alone is more than half of the import value.
Western investment in South Korea:
This “de-Korea” is not limited to Japan.
USA
Investment in South Korea has decreased by 20%.
EU
Investment in South Korea has decreased by 30%.
De-Korea in progress:
South Korea has been crying out loudly for leaving Japan in response to the tightening of export control.
However, the composition of Japan dependence does not change after all.
On the contrary, as a reaction to that, the departure from South Korea is progressing.