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      in Elections

      ‘The Den of Thieves’: South Koreans Are Furious Over Housing Scandal

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      President Moon has spent years trying to curb runaway housing prices. Now several officials in his government are under investigation for contributing to the problem ahead of important elections.SEOUL — ​The 10 people bought $8.8 million worth of land in an undeveloped area southwest of Seoul, registering it for farming and planting numerous trees. It’s a common trick used by shady real estate speculators in South Korea: Once the area is taken over for housing development, the developers must pay not only for the land, but the trees, too.A national outrage erupted this month when South Koreans learned that the 10 people were officials from the Korea Land and Housing Corporation (LH) — the government agency in charge of building new towns and housing — suspected of using privileged information to cash in on government housing development programs.The incident has thrown President Moon Jae-in’s government into crisis mode just weeks before key mayoral elections that are largely seen as a referendum on him and his party ahead of next year’s presidential race. Young South Koreans are saying they are fed up with corruption and the president’s failed policies on runaway housing prices. The LH scandal is now set to become a critical voter issue in Mr. Moon’s final year in office.“When my girlfriend and I discuss how we are going to find a house in Seoul for the family we are going to start, we can’t find an answer,” said Park Young-sik, 29, an office worker. “The LH scandal shows how some people in South Korea make a quick fortune through real-estate foul play, while the rest of us can barely buy a house even if we toil and save for a lifetime.”President after president has promised to make housing more affordable in South Korea, but real-estate prices have kept soaring, undermining public trust.Rising housing prices have long been one of the country’s most intractable policy headaches, especially in Seoul and the surrounding Gyeonggi Province, where nearly half the country’s population lives, crammed into everything from gleaming apartment towers to urban slums.A protest in Seoul outside offices for the Korea Land and Housing Corporation, the government agency in charge of building new towns and housing.Yonhap/EPA, via ShutterstockReal-estate speculation has become something of a national sport, but the suspicion of insider trading among public officials made the LH story stand out. Anger spread quickly, especially among young South Koreans who have been crushed by the country’s dwindling job opportunities.“The den of thieves!” read one of the many signs young protesters plastered on the doors of an LH office in Seoul this month.Voters in South Korea’s two largest cities — Seoul and Busan — go to the polls on April 7 to choose their mayors, and many observers said the elections could reflect poorly on Mr. Moon’s performance. Survey results showed that the LH news was dragging down approval ratings for both him and his party, most sharply among South Koreans in their 20s.“I am sorry for worrying the people greatly, and for deeply disappointing those people who have lived honestly,” Mr. Moon said last week, vowing to eliminate “real estate corruption widespread in our society” as a priority of his last year in power.Apartment prices in Seoul have soared by 58 percent during Mr. Moon’s tenure, according to data from the government-run Korea Real Estate Board. Some of the units in popular residential districts in Seoul have nearly doubled in price in the same period.Rising housing costs have been blamed for creating a vicious cycle in which families believe real estate investments are foolproof, despite being warned otherwise by the authorities. Experts believe the soaring housing costs have also contributed to the country’s declining fertility rate, one of the lowest in the world, by discouraging young Koreans from starting a family.The insidious​ divide among young people in South Korea has become a popular topic in K-dramas and films, including Bong Joon Ho’s “Parasite.”​ The “dirt-spoons” struggle to manage an ever-expanding income gap while the “gold-spoons,” the children of the elites, glide through a life of privilege. The problem also featured prominently in the real-life downfall of the former president, Park Geun-hye,​ and the jailing of the Samsung Electronics vice chairman, Lee Jae-yong.Police investigators removing items confiscated from a Korea Land and Housing Corporation office in Gwacheon, south of Seoul. Yonhap/EPA, via ShutterstockWhen Mr. Moon took office in 2017, he promised a “fair and just” society. His government has introduced dozens of regulatory steps to curb housing prices, including raising capital-gains taxes on house flipping and property taxes on multiple-home owners.None of these measures have worked.Last month, the Moon administration announced plans to supply more than 836,000 new housing units in the next four years, including 70,000 homes to be built in the area southwest of Seoul at the center of the LH scandal. Two civic groups were the first to report that 10 LH officials bought land there months before the highly secretive development plan was announced, accusing the officials of capitalizing on insider information for personal gain, a crime in South Korea.The government has identified 20 LH officials who are suspected of using privileged information to buy land in various areas before projects were slated to begin there. The investigation has been expanded to target government employees outside of LH, including members of Mr. Moon’s staff. As the dragnet grew larger, two LH officials were found dead this month in apparent suicides. One of them left a note confessing to an “inappropriate deed,” according to the local media.“LH officials had more access to information on public housing projects than any other, but sadly, we also learned through our investigation that they were ahead of others in real estate speculation,” said Lee Kang-hoon, a lawyer at the People’s Solidarity for Participatory Democracy, one of the two civic groups that uncovered the corruption among the LH officials.Mr. Moon’s political enemies have been quick to fan the flames among angry voters.The Changneung district in Goyang, east of Seoul, where the government plans to develop a new town to help alleviate the housing crunch. Yonhap/EPA, via Shutterstock“Stealing public data for real estate speculation is a crime that ruins the country,” the former prosecutor-general, Yoon Seok-youl, told the conservative daily Chosun Ilbo this month while criticizing the government’s handling of the situation.Mr. Yoon has become a darling among the conservative opposition, and recent surveys showed him to be one of the most popular potential candidates in next year’s presidential election. He recently clashed with Mr. Moon over the president’s effort to curtail the power of prosecutors, and resigned early this month.Lee Jae-myung, the governor of Gyeonggi Province, is another potential candidate in next year’s race. The liberal governor hopes to represent Mr. Moon’s party in the election and has promoted a “basic housing” policy in which the government would provide cheap and long-term rentals for South Koreans.He recently urged Parliament to enact a comprehensive law banning conflicts of interest among public servants. “If you want to clean the house, you must first clean the mop,” he said. “If you want to make South Korea a fair society, you must first ensure that those who make and implement policies act fairly.” More

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      in US Politics

      The Guardian view on Biden and the climate crisis: fight for net zero | Editorial

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      There is no question that Joe Biden’s win will make a big difference to international efforts to deal with the climate emergency. A US president who recognises global heating as an “existential threat” will be a vital extra pillar propping up the teetering edifice of climate diplomacy. Four years of Donald Trump have done huge damage to the US’s reputation. But the world’s biggest economy, and second-biggest emitter of greenhouse gases (after China), remains vastly influential. With President Biden in charge, the prospects for next year’s Cop26 talks in Scotland, when drastic emissions cuts must be agreed if the world is to stand a chance of avoiding catastrophic heating, are already brighter.
      President Trump’s withdrawal of the US from the Paris agreement was a key plank of his nationalist “America first” agenda and an act of sabotage against both the UN climate process and the principle of a rules-based international order. It also gave cover to the world’s other climate vandals: Saudi Arabia, Brazil, Russia and Australia. With Mr Biden, that cover is gone, and ecocidal policies such as Amazon rainforest destruction and coal-power expansion should come under renewed and relentless pressure. It is striking that the president-elect put climate at the heart of his phone calls with foreign leaders.
      The path ahead is anything but smooth. A green stimulus package on the scale promised by Mr Biden’s campaign is unlikely to pass through Congress, with control of the Senate hinging on two undecided seats in Georgia. Conservative judges are a further roadblock. Legislation to limit emissions and punish polluters is certain to be challenged all the way to the supreme court. Fossil-fuel companies and other vested interests remain a formidable force. Nor can public support be taken for granted. Most voters are on board in principle, recognising the dangers of unchecked global heating. But the changes in lifestyle that will be needed to meet new targets, including reductions in meat-eating and flying, are challenging in the US as in other rich countries.
      Still, Mr Biden’s presence in the White House will be a huge opportunity, and one that the environmental movement and its supporters must seize with every hand they have. Global heating is a fact, not a hypothesis or ideology. It is not just the vast majority of Democrats who want their politicians to do more to tackle it, but also a sizable minority of Republicans. Younger people are the most anxious. Mr Biden will perform a valuable public service simply by doing the opposite of his predecessor, and telling the truth.
      Democrats have shown that climate can be a unifying force within their party. Mr Biden’s climate taskforce was chaired by Alexandria Ocasio-Cortez, the New York congresswoman and star of his party’s progressive wing. Now, if they are to create sufficient momentum, Democrats must look beyond the ranks of committed green supporters, as the writer Arlie Russell Hochschild did in her book Strangers in Their Own Land, about environmental politics in Tea Party-supporting Louisiana. Already, Mr Biden has signalled that the harm caused by pollution to poorer Americans will be among his priorities.
      In recent weeks China, South Korea and Japan have all announced net zero emissions targets. Rapid falls in the price of renewables have made the process of weaning away from fossil fuels far less painful than most experts predicted. Climate protesters have shown how effective they can be in mobilising support for strong action. Now that the election is over, they must keep pushing Mr Biden and other legislators as hard as they can. More

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      in US Politics

      Joe Biden’s move to net zero emissions will leave Australia in the (coal) dust | Bill Hare

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      The election of Joe Biden to the White House is likely to see Australia increasingly isolated as the world heads to net zero emissions, with quite fundamental implications for our economy. Let’s have a look at what has happened in the last two months.In September, the European Union proposed increasing its 2030 target from 40% to at least 55% reduction below 1990 levels in order to meet the net zero by 2050 target it adopted in 2019. Critically, the EU has made climate action one of its three main Covid-19 response priorities, so that at least 30% of its multi-annual budget and recovery fund is to be spent on achieving its increased 2030 emission reduction targets and its climate neutrality goal for 2050. These new goals for the EU27 would bring its domestic emissions very close to a 1.5°C Paris compatible level for the period to 2050. The UK has similar goals and ambitions to the EU27.Shortly afterwards, President Xi Jinping announced that China would “aim to achieve carbon neutrality before 2060”, the first time China has acknowledged the need to reach anything close to zero CO2 emissions by mid-century. If it covers all greenhouse gas emissions it would also be very close to what is needed by mid-century to be in line with the Paris agreement’s long-term goal. If this goal covers CO2 only, then China would need to achieve carbon neutrality around 2050 for this to be compatible with the Paris agreement.With China responsible for about a quarter of the world’s emissions, a move to net zero by mid-century has very significant implications for global temperature, lowering the Climate Action Tracker’s end of century projections by 0.2-0.3oC towards 2.4-2.5oC, compared with the previous 2.7oC projection.In October, both Japan and South Korea also announced net zero GHG goals for 2050. Japan’s prime minister, Yoshihide Suga, announced Japan would aim for net zero greenhouse gas emissions by 2050 with several specific measures, including a fundamental revision of its policy on coal-fired power plants. In an important change to Japan’s narrative, Suga emphasised the benefits to economic growth from the net zero commitment, whereas he’d previously characterised it as a cost.Getting to net zero essentially means the phasing out of coal, gas and oilThis was followed two days later by the South Korean president, Moon Jae-in, announcing his commitment to achieving carbon neutrality by 2050, replacing coal power generation with renewable energy to create new markets, industries and jobs.Taken together, these four countries account for about 40% of global GHG emissions. There is also a large number of smaller countries with comparable net zero emissions commitments that would bring the total global coverage to about 48% of global emissions.What’s notable about all of these announcements is that they were made in the absence of any commitment by the United States and before any US presidential election outcome. China’s announcement in particular seems to reflect a geopolitical judgement by the Chinese government that they intend to move forward with ambitious climate goals even without the US.Arguably, these moves by this set of countries on their own will generate a major global move towards increased ambition and towards net zero by 2050.So where does this leave Australia? These net zero by mid-century moves by its major export markets create huge challenges.In 2019 China, South Korea and Japan accounted for 72% by value of Australia’s exports of LNG and coal: 88% of Australia’s LNG exports; 75% of thermal coal exports; and 51% of metallurgical coal exports. It is notable that none of these countries have focused on natural gas and all have mentioned renewable energy and other technologies, and all recognise that early action on coal is needed.The election of Joe Biden could trip this already major momentum into a landslide towards higher climate ambition. His election means the US will re-enter the Paris agreement, reverse the Trump administration’s rollbacks and make a significant contribution to closing the Paris agreement’s ambition gap with a new 2030 target. If he took the initiative to reboot US action in line with his plan to reach net zero emissions by 2050, Biden could reduce US emissions substantially by 2030.If he is able to fully implement his proposed Energy and Climate Package, and continues to be supported by the existing strong sub-national action in the US, the US could significantly reduce its 2030 emissions, reducing the gap between where it is headed now and a Paris agreement-compatible emission range for that year.Even in the case of delays and challenges to federal action, the efforts of state and local actors, such as the We Are Still In campaign, are expected to continue. A recent study estimated that enhanced action by subnational actors in the US could reduce emissions by 37% below 2005 levels by 2030. Biden as US president may not have control of the Senate (although the vote count on this result is far from over – and may not be resolved until January), but there are workarounds.Biden also has a net zero 2050 goal, which will place the US close to a Paris agreement-compatible emissions pathway. This would further lower the 2100 projected warming by about 0.1°C, and further if America undertook negative emissions action of scale beyond 2050. So the EU, China, Japan, South Korea and the US – about two thirds of the global economy, about half the world’s emissions and close to 75% of our fossil fuel export markets –will have net zero goals for 2050 or shortly afterwards. This is a massive shift.Let there be no misunderstanding about what this means. Getting to net zero essentially means the phasing out of coal, gas and oil, with markets more or less halved by 2030. This is a seismic shift for Australia and it means that it’s very likely that demand for our coal and gas will drop at least as fast as it has risen in the past few decades.It would hardly be a strategy for Australia to follow Poland’s lead and simply start to stockpile coal in warehouses. Diplomatically, Australia will find itself increasingly isolated, even in its own region and in particular with its close Pacific Island neighbours, not to mention the two superpowers, China and the US.Australia needs a forward-looking strategy aimed at taking advantage of its massive natural advantages in renewable energy and the resources essential for the low and zero carbon transition, and one that provides for a just transition for the communities and workforces affected by the rapid reduction in the markets that they have hitherto dependent upon.There is no time to be lost dithering, denying and obfuscating.• Bill Hare, a physicist and climate scientist, is the managing director of Climate Analytics More

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      in World Politics

      The Importance of the US-South Korea Relationship

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      There are many things we look for in a president. We look for leadership and the ability to manage grave challenges like a pandemic. While most people are focused on avoiding COVID-19 and keeping their jobs, we would be wise to remember that one of the most important roles for any president is to build a set of global allies who will stand with us when inevitable conflicts occur.

      Today, America faces unprecedented challenges from foreign powers, especially China and North Korea. To meet the challenges, we must build a coherent foreign policy that the world — especially our allies — can understand and support. We are witnessing China increasingly flexing its muscles on the Indian border, in Hong Kong, in the South China Sea and with Taiwan. America puts itself at risk to not realize that China is investing much of its resources into a growing, multifaceted military.

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      The US needs to build alliances throughout Asia to ensure our stability for the next century. We need to be doubling down on our relationships with India, Vietnam, Taiwan, Japan and especially South Korea. South Korea is the world’s 12th-largest economic power and one of America’s strongest allies for the last 60 years. It has been a bastion of democracy housing one of the largest US military bases in Asia. It also houses an essential element of the West’s global supply chain for technology, transportation and telecommunications. This supply chain is more important than ever if relations with China continue to deteriorate.

      While the importance of a strong South Korea policy is at an all-time high, US President Donald Trump managed to stick his finger in the eye of our Korean allies. In 2019, Trump demanded “out of thin air” that the Koreans pay $4.7 billion per year to station US military forces on the Korean Peninsula, according to CNN.

      There is no question that our allies have to pay their fair share for defense. However, cost-sharing negotiations must be based on rationale and data. At precisely the time we need strong allies in Asia, President Trump is burning bridges. This is a major political gaffe that America needs to correct before our relationship suffers long-term damage. If the South Koreans cannot count on reasonable and predictable US foreign policy, they will have little choice but to abandon Washington and to seek out other alliances.

      The South Koreans weren’t the only ones taken by surprise. Even Republican Senators Cory Gardner and Marco Rubio were unprepared to discuss the president’s comments. Senator Ed Markey, the top Democrat on the Senate Foreign Affairs Committee, said, “If South Korea decides that it is better off without the United States, President Trump will have undermined an over 60-year shared commitment to peace, stability, and rule of law.”

      The United States can do better. We need to deepen our relationship with South Korea as an essential partner for dealing with North Korea and China. We should be doing the same with other Asian countries and continue to promote the policies that Democratic and Republican secretaries of state have built over decades. A president needs to communicate a consistent game plan that the American people — and our allies — can understand and count on.

      Presidential leadership needs to be even-handed and sensitive to the concerns of our allies. Demands should be replaced by reasonable requests and ample explanations. Insisting that allies vastly increase payments to the United States might make good domestic election-year politics at the cost of American safety in the world.

      If we do not rethink the importance of our allies soon, we may be left to fight the next war alone.

      The views expressed in this article are the author’s own and do not necessarily reflect Fair Observer’s editorial policy. More

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      in US Politics

      Coronavirus live news: Jacinda Ardern says Trump's 'patently wrong' on New Zealand's Covid cases

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      Global report: Trump silent on US death toll as South Korea sees new Covid-19 rise

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      Donald Trump remained silent on the death of more than 100,000 Americans from Covid-19 as the US mourned the milestone, and South Korea considered a return to further restrictions after recording its biggest one-day increase in nearly two months. The president made no comment on Twitter about the momentous day, but used the platform to […] More

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      in US Politics

      Global report: Fauci warns of 'needless death' as WHO urges vigilance in lifting lockdowns

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      in US Politics

      Coronavirus live news: three White House Covid-19 taskforce members go into self-quarantine

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