Lee Jae-myung’s Foreign Currency Debt: A Burden for Future Generations?

Pro-China, pro-North Korea leftist Lee Jae-myung governmentagain issued large-scale foreign currency bonds. On the 5th, $3 billion (approximately 4.2 trillion won ) amount of dollar-denominated foreign exchange equalization fund bonds (foreign exchange equalization bonds) was issued, which is the largest single issuance since 2009. Although the government emphasized “successful issuance,” the reality felt by the public is different.

Ultimately, it is a debt.
And that debt is not today’s political circles. The people of tomorrow, that is, future generations, will pay the price.

▲ “The Korean economy is currently collapsing. We are passing the burden on to future generations through endless financial expansion!” ©Seoul Arts Center For contact, advertising, copyright, issues email: office@archynewsy.com

This foreign exchange bond was issued in two amounts: $1 billion with a three-year maturity and $2 billion with a five-year maturity. The issuance interest rate is 3.683% for 3-year notes and 3.915% for 5-year notes. The Ministry of Finance and Economy emphasized that the additional interest rate compared to U.S. Treasury bonds is only about 10 basis points, and said, “The external credit rating of Korean government bonds is the highest in the world.”

However, there is only one thing the public wants to ask.
“So why is the government taking on debt again now?”

The government explained that it had preemptively expanded foreign exchange reserves, citing geopolitical tensions, tariff issues, and increasing external uncertainty as reasons. On the surface, it is packaged as a “foreign exchange market safety valve.” However, if you think about it, increasing debt due to uncertainty is a very familiar repertoire.

In particular, this scene, which is repeated even when the regime changes, teaches us a painful lesson.

The government always talks about ‘market stability,’ but passes the costs on to the people.

A more serious problem is that the government is packaging this process as an “achievement.” The explanation continued that the Korea discount has been resolved because the additional interest rate is low. Of course, from an investor’s perspective, good conditions for Korean products can be positive. However, that does not mean that the national financial management is justified.

Before boasting about being a national leader, we must first think about returning the debt to the people.

The issuance of foreign exchange bonds is not a simple financial event.

It is a policy decision in which the country procures foreign currency and transfers the obligation to repay it to the people. The government stated, “We have early secured financial resources to repay foreign exchange bonds maturing in September and October of this year,” but this is no different from acknowledging the structure of “managing existing debt with the next debt.”

In addition, the government announced that it promoted Korea’s industrial competitiveness in semiconductors, automobiles, shipbuilding, and defense industries through group calls and 1:1 video conferences. It is said that they also held an ‘economic promotion war’ by bringing up K-culture, AI competitiveness, KOSPI, and even inclusion in the WGBI.

However, in Korea, young people are struggling to find employment, and self-employed people are at risk of going bankrupt. The economy that the people feel is frozen, but the government is working hard to attract foreign currency by promoting to overseas investors that “our economy is fine.”

At this point, I can’t help but ask.
Is it the lives of the people that the government is trying to protect, or the reputation of the government?

▲ Diplomatic conflict with the United States, time and reason for the 15,000 won exchange rate crisis, Director Kim Young-yoon © Seoul Arts Center

In particular, the line shown by the recent administration is In line with the ‘pro-China, pro-North Korea’ controversy, foreign strategies are being shaken.Concerns are also growing. The economy ultimately runs on trust. diplomacyIf it shakes, finance also shakes. Nevertheless, the regime They buy time with debt and try to cover up the situation with publicity.

▲ “The Korean economy is currently collapsing. We are passing the burden on to future generations through endless financial expansion!” © Seoul Arts Center

Regardless of whether it is a pro-China or pro-North Korea line, a regime that only passes on debt to future generations will inevitably be judged.

Instead of packaging the issuance of this $3 billion foreign exchange bond with the phrase “breaking the lowest additional interest rate in history,” the government should explain it honestly to the public. Why did the debt have to be paid at this time, at this scale, and in dollars?

▲ Foreign currency bond issuance history over the past 10 years © Seoul Arts Center

and The public must no longer be deceived.

When the regime shouts “successful issuance,” what is quietly accumulating behind the scenes is not foreign exchange reserves. national debtand Ultimately, the burden is ours. childrenand return to grandchildren.

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Citizens demand. Fair regulation of Chinese platforms, protection of the domestic e-commerce industry, and preservation of Korea’s distribution sovereignty. They agree.

“Using Coupang more is patriotic, and showing our united strength by coming to this rally is the way to protect the Republic of Korea.”

▲ Pan-national resolution rally to support Coupang on January 25th… Crushing the Chinese distribution invasion, if we don’t stop it now, Korea will collapse © Seoul Arts Center

▲ January 25th ‘Coupang Support Pan-national Resolution Rally’… Resolution for survival of the Republic of Korea, not on the side of corporations, and crushing Chinese distribution invasion 1 ▲ January 25th ‘Coupang Support Pan-national Resolution Rally’… Resolve to survive and crush Chinese distribution invasion, not on the side of corporations © Seoul Arts Center ▲ January 25th ‘Coupang Support Pan-national Resolution Rally’… Resolve to fight for the survival of the Republic of Korea and crush the Chinese distribution invasion, not on the side of corporations © Seoul Arts Center

▲ January 25th ‘Coupang Support Pan-national Resolution Rally’… “It’s not about siding with corporations, it’s about the survival of the Republic of Korea” ©Seoul Arts Center

© Seoul Arts Center

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© Seoul Arts Center

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**

Trump’s warning has begun…

Who’s next? ***

▲ Trump’s warning has begun… Who’s next? ©Seoul Arts Center

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BBC News Korea

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President Trump’s message to Korea and other suffering countries

Never Give Up

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There would be a New China without the Communist Party

There must be no Communist Party to create a new China.

https://www.youtube.com/watch?v=Gl3x0_WV3nk

▲ January 25th ‘Coupang Support Pan-national Resolution Rally’… “It’s not about siding with corporations, it’s about the survival of the Republic of Korea” ©Seoul Arts Center

▲ Election fraud, former lawmaker Min Kyung-wook © Seoul Arts Center

▲ Free University, destroy Chinese Communist Party! ©Seoul Arts Center ▲ Freedom and innovation, house cleaning! ©Seoul Arts Center

I hope you have a confident and successful day today!

I came back after winning!! 🎉The spring breeze blows from across the Pacific Ocean 🎉