It is estimated that about 8.6 million people, or people born in the 1960s.In Korea, these generations usually start working in their 20s and work for about 30 years. This generation should take care of their parents and take responsibility for their children as they have learned from their responsibilities and obligations.So it’s not easy.Regardless, more than 10% of them have no problem supporting this life with the assets they have received from their parents leisurely or accumulated so far. However, the majority of the population, about 7-80 percent, are still on a daily allowance, looking for work or working daily. Instead of your health or leisure, you should eventually make money.Currently, the Korean economy does not look very smooth.Therefore, both business and work conditions make quality of life difficult. “The last generation to support parents, the first generation to not be supported by children.” Current cultural programs dealing with the life of those born in the 60s who cannot retire with the burden of “double support” on their shoulders are touching generations. Those born in the 60s felt homogeneous in their lives, and the generation of their children expressed gratitude and sorry for their parents’ generation.

A video titled “The old age of a person born in the 60s who has to continue working for his family even after retiring from a large company” has been uploaded and has recorded 890,000 views so far on the 30th. The video was considered a surge in YouTube popularity, especially among middle-aged people, and seems to have been watched by many people through Kakao Talk.The video focused on the reality that people born in their 60s, who account for the highest percentage of Korea’s total population, are still unable to give up their economic activities through both the boom and bust periods of Korea. The production team explained that they entered the labor market when the Korean economy took off in the mid- to late 1980s, contributed to economic development and worked hard for democratization, and in the 1990s, they also experienced the IMF financial crisis. He introduced that he suffered from double hardships in middle age by taking care of parents and children’s education, but he has just lived silently with the strength of enduring hunger. “Born in the 60s is a generation that has to support the previous generation privately and take care of their old age,” he said. He said, “The responsibility for double support lies with those born in the 60s, but society is not paying attention to that part.”Netizens who watched the video showed various reactions by generation. Those born in their 60s said, “The children are all grown up, but they cannot retire because there are 80 adults in the countryside.” “I am an ordinary head of the family who takes care of an old mother in her 90s and raises a son in her 20s. I don’t know how to do it, so I just live hard. “Life is not easy,” he said. The generation of children said, “Even if I say not to give it to my child like that, I am always sorry to my parents who help my child whenever he or she is having a hard time.” “I should call my parents who work hard not to harm my child.” “It breaks my heart. “I want you to buy it for yourself now,” he said.Statistics show the hard lives of the elderly, including those born in the 60s. As the number of elderly people who have to earn their own living expenses for economic reasons increased, the number of elderly people aged 60 or older who work doubled in 10 years. According to the National Statistics Portal of the National Statistical Office in March, the number of employed people aged 60 or older recorded 5.772 million in February. The number increased by 413,000 from a year ago. This is the largest ever since 1999, when related statistics began to be compiled as of February.

The number of employed people aged 60 or older was only 1,856,000 in February 2003, 20 years ago, but increased to 2,734,000 in February 2013, and rose to 5.7 million in February this year, 2.1 times higher than 10 years ago. As the baby boomers born between 1955 and 1963 entered their 60s, the elderly population itself increased rapidly.It is also characterized by an increase in the number of elderly people who have found jobs to earn living expenses. The employment rate, which shows the number of employed people compared to the actual population, has also increased. In February, the employment rate for those aged 60 or older was 42.8%, the highest as of February since statistics were compiled. The employment rate for those aged 60 or older has increased by 0.8 percentage points in 10 years from February 2003 (32.0 percent) to February 2013 (32.8 percent), but has risen sharply by 10 percentage points to 42.8 percent in the past decade.It is sad that one generation has once played the central role of Korea, but now he is in a position to take responsibility for his children and parents, giving up his life and even his old age, and just remain an icon of sacrifice

EJ SONG

US ASIA JOURNAL

Immunity is the production of antibodies against pathogenic microorganisms that enter the body outside, neutralizing toxins or killing pathogenic microorganisms to prevent the disease next The system that responds to various factors that invade the body and damage the body in various ways is called the immune system. Defends the body against bacteria, viruses, parasites, and other invaders in various ways described below. The study involved in this is called immunology.

The immune system is in line with the evolution of life, and in a way, it can be said to be a living witness of evolution. As you move from simple animals to complex animals, various types of immune systems develop. Insects, for example, have innate immune systems like us. One of them is a gene called Toll, and through these things, they fight against fungi that infect insects. In vertebrate genitals , they have both innate/adaptive immune systems, and there are various types of white blood cells in the eugenic language, the lower body, the lower body, and the lower body. Now new facts are being revealed in this story. From primitive multicellular organisms to other single-celled organisms, the immune system was developed to control the symbiotic bacteria when they reproduce too much, enter the body, or harmful bacteria settled down. Normal bacteria and immune systems have evolved and developed more and more bacteria, such as teaching immature T cells what’s good and bad, suppressing immune responses, breaking down nutrients that our bodies can’t break down, releasing antibacterial substances, and activating immune cells Bacteria were thought to have no adaptive immunity to the virus, but in the 2000s, a mechanism for cutting and eating a specific sequence of viral genomes called CRISPR/CAS9 was discovered. Once CRISPR remembers the virus, or bacteriophage’s genome, in its DNA, and when the same virus invades, CAS9 contrasts it with the previous viral genome, and if it is the same, it creates a viral RNA decomposition enzyme and cuts off the viral genome immediately. This is an excellent example of adaptive immunity. The mechanism itself is surprising, but the biology community welcomes that there is a way to easily manipulate genes using this system. Currently, there are attempts to solve the virus’ antiviral resistance problem with this technology, and some achievements are being made. Viruses are relatively well coped with germs, but as viruses also evolve, viruses that penetrate the host’s immune response continue to emerge.

Germs are the most encountered in our lifetime, and the immune response is well prepared accordingly. Of course, germs that avoid or block immune responses are everywhere. In the cell walls of pneumococcus and anthrax, there are stenosis that prevents cells from attacking, and Cougarase that prevents attacks by solidifying plasma by Staphylococcus aureus  In the case of in vitro parasites, there was no fluid or cellular immune response, and behavioral and physical immunity developed. There was behavior on the back, such as monkeys catching each other’s in vitro parasites. The modified prions detect and attack mononuclear cells that are not themselves, and the lymphocytes inhibit the immune response because the modified prions were originally normal prions. Recently, due to various pathogens and viruses, people are making efforts to improve their immunity.Usually, the bigger the immune system, the more it is. That’s why people want to gain immunity if they can get it with effort or supplements.However, people are looking for various efforts and ways to gain immunity more effectively than expected, and especially food and supplements are simply looking for things that can be tried around them, but the nutritional status has improved a lot compared to the past, but the number of allergic patients is increasing.  Allergies are a disease of the immune system and are often referred to as atopy. Allergic diseases are caused by the combination of genetic and environmental factors. The characteristic of allergies is the excessive activation of white blood cells called mast cells and basophils by antibodies such as IgE, resulting in severe inflammatory reactions.  However, compared to the past, food-related diseases increased by 277% in the United States alone for 10 years from 2007 to 2016, but immune-related diseases are steadily increasing due to complex effects on the environment or the environment they are exposed to. In this way, people want to relieve the increased stress on immune-related diseases that reduce human quality.In addition, people are not properly managing their health and immunity, as opposed to increasing interest in their health as they get busy. So people are trying to boost their immunity simply by buying nutrients that are on the market to boost their immunity, but they haven’t been very effective in boosting their immunity.

Imubarrier Corporation (CEO: Ryohei Nishikubo), a company created to secure such points and address such needs.Poly I:C is a company that develops as a drug additive, IMU is an immunoactive (antibody), CBD is an autonomous nervous system-controlled VCO that can be used in various forms and for various purposes, such as outdoor sprays, to address the needs of various users.In particular, Poly I:C is an immune stimulant manufactured by synthesizing citidilic acid and inocinic acid (a seafood flavor component) and heat-treating with double-stranded RNA, and is used as a vaccine aid and an immunoactive aid for use. The advantage of Imubarrier is that the traditional Poly I:C disadvantage must be kept at minus 20 degrees Celsius when distributing, but the only company in the world that has succeeded in pulverizing is able to distribute at room temperature. The main role and efficacy are used to prevent virus invasion from outside and to kill and reduce the role of virus and bacterial antibodies that have penetrated the body, and Imubarrier powder can even help produce antibodies, The company also aims to release products for humidifiers in the future, so that consumers will be able to use them more conveniently in the future.Imubarrier is sold not only in powder form but also to so that In addition, This company is also trying to make products in the form of spray. We think that coming in the form of spray products and humidifiers as preventive drugs is also very valuable in the futur

▲Imu Barrier Corporation

▲ +81-6-4980-9464

▲Ryohei Nishikubo

▲https://immubarrier.co.jp/

▲ Info@immubarrier.co.jp

SOPHIA KIM

US ASIA JOURNAL

The press conference held on September 7 at Johnny & Associates, a Japanese entertainment company, shocked the industry and the public. In this interview JOHNNY & ASSOCIATES PRESIDENT JULIE K. For the first time, FUJISHIMA has admitted to sexual harassment charges, acknowledging its responsibility and announcing that it will step down from all positions. This was a formal acknowledgment of the sexual harassment issue by the former president in the history of Johnny & Associates.Previously, he was not aware of Johnny H. Kitagawa’s alleged annoyance and was not aware of it at all, but admitted at the press conference that he was aware of it for the first time, saying, “I want to take responsibility as a nephew because it’s a problem caused by my uncle.”Noriyuki Higashiyama, who was newly appointed as the new president of Johnny & Associates at the press conference, was also an entertainer of a group that gained popularity not only in Japan but also in Asia in the past as a group called Shonen-tai, whose founder Johnny H. Kitagawa debuted as an entertainer. As such a celebrity entertainment company, the former president’s recognition shocked not only Japan but also the people and media who liked and were interested in J-Pop.

In addition, the founder of JOHNNY & ASSOCIATES held two Guinness world records, but this incident deleted all records other than the person who produced the most concerts.According to Reuters, JOHNNY & ASOCIATES has been introduced as an entertainment company with a significant presence in Japanese culture, producing popular J-POP artists from all over East Asia, such as SMAP and arasi. However, former President Johnny H. Kitagawa’s report of sexual harassment shocked Japan.Higashiyama, the new president, commented on the issue of changing the company’s name. “The name Johnny’s is of course the name of the founder, but I think the most important thing is the energy and pride that the actors have built up. “From now on, everyone should work hard as one to the extent that they can dispel such an image,” he said. However, the issue of changing the company’s name is still controversial among victims and talent, for example, Yuichi Nakamaru of KAT-TUN said on a television program on the 10th. “Objectively, I think changing the company name is definitely a valid decision. It was Johnny’s WEST’s Junta Nakama who made this comment. In the meantime, I’ve said that the name Johnny’s will bring back bad memories quickly, and the general public knows it’s strange to keep using the name Johnny’s name. So I also think we should change the name of the company, and I’m also determined to lose the name of Johnny’s WEST.” Large companies’ responses to JOHNNY & ASSOCIATES, the entertainment giant that has had a huge impact in the advertising industry over the past half century, are divided. Currently, NISSAN Motor Corporation has officially announced that it will not enter into a new advertising contract with JOHNNY & ASSOCIATES’ talent. In addition, it was announced that Takuya Kimura’s advertising contract will be judged again when the contract period expires. Suntory Holdings Limited has announced that it will expire its existing contract and not enter into a new contract if the victims’ explanations of remedies and preventive measures are not sufficient from JOHNNY & ASSOCIATES.

These measures can be seen as taking into account the current situation of JOHNNY & ASSOCIATES. McDonald’s Japan has announced that it will not renew its advertising contract using JOHNNY & ASSOCIATES’ talent after the contract expires. In this regard, Kao decided to quickly stop advertising using Johnny’s talent because the sexual harassment issue was judged to be contrary to Kao’s human rights policy, and announced that JOHNNY & ASSOCIATES would decide on additional measures after checking how to reform and prevent recurrence. However, we will not consider lifting the talent contract with JOHNNY & ASSOCIATES at the moment, and we will make further judgments after confirming how JOHNNY & ASSOCIATES progresses in its reform and recurrence prevention efforts in the future. In addition, the decision is drawing keen attention in Japan as kao currently maintains contracts with four teams, including Kento Nakajima of the “Sexy Zone.” If there are various opinions in Japan, fans who are currently responding positively to the press conference said that this recognition could change the dark side of the entertainment industry in the future, but on the negative side, JOHNNY & ASSOCIATES should be eliminated. The reason is that the image named Johnny’s has already been negatively recognized worldwide, so no change can occur. There are many positive aspects of the press conference in Japan, but a big part of the negative thoughts is that the name is not changed. On the victim’s side, it is unpleasant that the perpetrator’s name continues to be used, and the victim does not accept it and says he will continue to use it with other reasons, and secondly, critics are concerned about changing the label used by Johnny’s talents. Many fans and officials pointed out that there could be no damage, but they would have to make a big decision to reduce it.

SOPHIA KIM

US ASIA JOURNAL

Koreans are becoming more interested in traveling to Japan. This time, statistics from the Japanese government confirmed that.
According to a recent report, the number of Korean tourists visiting Japan as of June 2023 is showing remarkable growth. According to figures released by the Japanese Government Tourism Bureau (JNTO), 545,100 Koreans visited Japan during the period. This is a further increase from the 500,000 mark in May, the previous month, and exceeded the 560,000 mark during the peak winter season between January and February. In addition, compared to June 2019, the recovery rate reached a remarkable 89.1%. In the first quarter of this year, the recovery rate was 70% compared to 2019, but now it is close to 90%. It’s an incredible speed. However, it is expected that Koreans’ interest in traveling to Japan will increase further. Koreans also topped the list of Japanese visitors by country. Among all foreign visitors to Japan, the proportion of Koreans stood at 26.3% in June, 1.4 times that of Taiwan, the second-largest. In particular, in the first half of the year, the proportion of Koreans was 29.2%, showing a faster recovery than in other countries.Strengthen screening of gold products when entering Japan! Precautions and reporting tips
Since the end of the COVID-19 pandemic, many people have been traveling abroad to Japan. Recently, however, more and more customs are strictly examining the import of gold or gold products when entering Japan, causing inconvenience. This is because screening has been strengthened to prevent smuggling of precious metals as the number of Japanese immigrants increases. Let’s look into the Japanese customs’ regulations on bringing in gold products and how to report them. Regardless of the purity, weight, or use (worn) of the reporting criteria for gold or gold products by Japanese customs, it must be reported if gold or gold products are brought in. In addition, thanks to the current low yen, the number of travelers to Japan is expected to increase more significantly during the summer vacation season. This is because the cost-effectiveness of traveling to Japan stands out due to rising domestic prices. However, the pressure of inflation in Japan is also increasing, so we don’t know how the situation will change in the future. Still, travel agency officials also say, “The proportion of reservations for Japanese products from July to August is the largest,” and that it is likely to be close to the level before No Japan. In fact, it is no exaggeration to say that Korea is currently the most important market in Japan’s inbound. The Korean branch of the Japanese government’s tourism bureau expects to catch up to the level of 2018 when there was no aftermath of COVID-19 and No Japan this year. Until now, the Japanese inbound industry has been worried that Japan may have been forgotten as a travel destination for the past three years, but as soon as the border was opened, many Koreans were visiting Japan, which is causing joy.

So many Koreans are visiting Japan, but the air route has not yet reached its old level. During the 2019 summer season, 1,200 flights per week traveled between 27 Japanese airports and 8 Korean airports. However, as of May this year, 12 airports in Japan and 7 airports in Korea are connecting about 900 flights per week, and local routes have not recovered as much as before COVID-19. So now, many Koreans are mainly visiting big cities. More Koreans are expected to visit Japan when Japan’s regional airport connections are restored in the future.Then why do you visit Japan rather than a similar travel destination in Korea? 1) Reports continue to emerge that Jeju Island/Ulleungdo Island is due to high prices and inadequacy (for accommodation costs). 2) Factors to enjoy such as leisure and entertainment are expensive and insufficient.
For example, the cost of Korean golf and water leisure is now too high to be shunned by the public.

JENNIFER KIM

US ASIA JOURNAL

Recently, a series of “knife attacks” have been reported, raising concerns about online “as dangerous as the United States.”However, experts argue that “half of the OECD is safe.”Police are controlling the scene of the incident on the 3rd, when an indiscriminate vehicle shock and a knife disturbance occurred at Seohyeon Station in Bundang-gu, Seongnam. Thirteen people were injured in the incident. Recently, there have been a series of “don’t ask” crimes targeting an unspecified number of people in Korea, highlighting this. “Don’t ask me why. South Korea is suffering from a series of “Don’t Ask” stabbings, according to an article titled “Korea is suffering from a series of knife attacks” that occurred at Sillim Station in Seoul and Seohyeon Station in Seongnam. “Don’t Ask” is written as “Mudjima,” which translates the Korean pronunciation into Roman letters.In South Korea, where the rate of violent crimes is known to be low, citizens are anxious about a series of knife rampage crimes.The term “don’t ask” has long been used in Korean society, but the police officially defined it as a “abnormal motive crime” and set up a response TF only in 2022, BBC reported.He pointed out that Korea’s violent crime rate hit the lowest in 10 years last year, but this recent knife rampage has given people the perception that society is more dangerous.Some online say that Korea is now as dangerous as the United States, but experts told the BBC that Korea is still a very safe country. Korea’s murder rate is 1.3 per 100,000 people, half of the average of OECD member countries, and less than one-fifth of the U.S. murder rate. “The rate of murder and other violent crimes in Korea is not only very low compared to other countries, but has also decreased steadily over the past decade,” he said.Experts pointed to fundamental social pressures in Korean society, including unstable job prospects, continued stigma around housing and mental health, and a lack of support services. Professor Song said, “I think there is a need for a social support system or policy that can help people who are fundamentally disconnected from society and have no social ties.” It was also said that after the knife rampage, there were a series of murder notices online stating the specific time and place, making the public more anxious. As a result, a list of announced felonies and a site informing them of their arrest appeared, and the police arrested those who posted them, while strengthening public patrols, he added.

EJ SONG

US ASIA JOURNAL

The spark of the territorial dispute between China and Vietnam in the South China Sea has spread to the Korean idol group Black Pink. This is because Black Pink’s Vietnamese concert organizer defended the existence of the “Nine Dash Line” in the South China Sea, which China unilaterally claims and Vietnam opposes. A diplomatic official said, “In Korea, the host company of famous foreign singers in Korea marked the East Sea as Sea of Japan or said Dokdo as Takeshima,” adding, “It touched the most sensitive part of Vietnamese people.” Public opinion in Vietnam is raging and the government has begun an investigation. “Patriotism is more important” Fans are also angry, and if Vietnam’s social networking service (SNS) is combined, voices are growing that they will boycott the performance ahead of the first Black Pink concert in Hanoi on the 29th and 30th of this month. The beginning is an image posted on the website of iME Entertainment, the organizer of the BLACKPINK World Tour and Asia’s largest performance agency based in China.The problem was that there was a map showing nine virtual maritime border “South Sea Gudan Line” arbitrarily drawn by China to claim sovereignty over the South China Sea. China claims that the area is owned by China in the name of managing an island in the South China Sea during the Han Dynasty 2,000 years ago. According to them, 90% of the entire waters in the South China Sea will be Chinese territorial waters.These include Vietnam’s Hoangsa Islands (Chinese name Sisa Islands) and Splatley Islands (Chinese name Nansha Islands), as well as most of the Southeast Asian countries where China competes for sovereignty. The International Permanent Court of Arbitration concluded in 2016 that the Namhae District Line was groundless under international law, but China has not budged on its claim so far.Vietnam was outraged.

This is because the controversy was viewed as an “infringement of maritime sovereignty.” “If you look at BLACKPINK’s performance, it can be seen as supporting the plan to invade China,” Facebook said. It is argued that he should not go to the concert. BLACKPINK fans also turned their backs. Fans said, “BLACKPINK is good, but patriotism is more important. “I canceled my ticket reservation because I love my country,” he said, joining the boycott. Tickets for the concert were expected to be sold out for 10 minutes, but seats remain until the 9th, the second day of sales. There are also many posts on social media that say they want to resell tickets”You touch the most sensitive part of Vietnamese people”
The Vietnamese government, which is determined to deal with the issue of the Namhae-gu Danseon, has also taken a quick response. The Ministry of Culture has launched an investigation into the iME website.

Asked if the concert could be canceled, Foreign Ministry spokesman Palm Tohang declined to say, “The government is investigating the issue,” but added, “Vietnam has clarified its thoughts on the Namhae Gudan Line.” Promoting and using publications and products related to this is not allowed, he stressed.On iME Vietnam’s Facebook page, articles criticizing the posting of an image of defending the Namhae Gudan Line on the iME headquarters’ website are continuing. Given Vietnam’s precedent of suspending the broadcast of movies and dramas one after another due to the issue of the Namhae-gu Danseon, the controversy is expected to continue for the time being. The Vietnamese Ministry of Culture blocked the screening in Vietnam on the 3rd of this month because a map showing the Namhae Gudan Line was shown in the U.S. Warner Bros. film “Barbie.” In March this year, the movie “Uncharted” was also banned for the same reason, and the service of the Netflix drama “Fine Gap” was suspended in 2021.In 2019, the DreamWorks animation “About Possible” was suspended 10 days after its release due to controversy over the Namhae-gu Danseon, and Vietnam reprimanded the person in charge for poor deliberation and fined 170 million dong (about 9.37 million won) to the distributor. This is why some predict that BLACKPINK’s concert will not be easy to move on quietly. iME apologized belatedly. Brian Chow, CEO of iME, said, “We will replace the image that is not appropriate for the Vietnamese,” adding, “We respect the sovereignty and culture of all countries.” Currently, related photos have been deleted from the website.

EJ SONG

US ASIA JOURNAL

Korea has attracted attention for launching the world’s first 5G commercial service and has urged high telecommunication fees.
“20 times faster than LTE” is an advertisement that comes to mind when it comes to 5G mobile communication service that started four years ago.

The actual service is being provided at 4% of this speed.The Fair Trade Commission imposed a 30 billion won fine along with a correction order for the three mobile carriers to make false advertisements.”20x faster”, “up to 20Gbps”.

This is an advertisement for three telecommunication companies (SK, LG U+, KT) released around the world’s first commercialization of 5G in 2019.’20Gbps’ is not a possible speed in real life, but a goal according to the technical standard of 28GHz frequency range.

Commercialization of 5G took place in the 3.5GHz frequency range, which allows less base stations to be built, and even progress was slow, resulting in consumer inconvenience.
5G Service Subscribers (February 2020 interview): I trusted and bought a carrier ad because I was so into it, but these obstacles occurred right after I signed up.) When I asked the carrier, the ad was abstract…. It was very absurd.]
The Fair Trade Commission judged that it was a false exaggerated advertisement that misunderstood the technological target speed as if it could be used by consumers.
The average speed of 5G in 2021 was 0.8Gbps, which was 25 times exaggerated, and only 5 times faster than the previous generation.

The actual speed was only about 30% compared to what the three companies advertised as their highest speed in the 2Gbps range.

In the end, the Fair Trade Commission imposed a fine of about $30 million on the three telecommunications companies along with corrective orders.

It is the second largest amount ever related to the violation of the Display Advertising Act. Han Ki-jung / Chairman of the Fair Trade Commission: It is expected that the three mobile telecommunication companies, which are allocated to spread public goods, will escape from overheated competition using unfair advertising and move toward fair competition based on quality.
The carriers faithfully explained the theoretical speed, but it was very regrettable that it was not accepted, and said they would discuss the response after receiving the resolution.

The three telecommunication companies are planning to quit after SK Telecom at the end of this month, saying that it is difficult to commercialize 28GHz frequencies, which is expected to be a policy responsibility battle.

In other words, it will withdraw its claimed 5G service. It ended up being a lie that the fare was expensive but fast.

The claim was to download a two-gigabyte movie in one second, but the experiment actually took about 4 minutes and 30 seconds.

Telecommunications companies say that they are talking about the speed that is possible in theory, not lying or deceiving consumers.

Telecommunications has an annual operating profit of 1 billion. And looking at the bare face of Korea, the world’s best IT powerhouse, is it a reliable technology and company? It is hard to believe that the three super-large companies (SK, LG U+) and KT (government’s private conversion companies) have already carried out technologies that have not been commercialized to consumers.

KS CHOI

US ASIA JOURNAL

Where is the most popular wine bar among the rich in China these days. If you recall the courtyard of a Beijing luxury house, the highest floor of the Office Tower in central Shanghai, you are wrong. This wine bar is in Singapore, not mainland China. It is a wine bar named Circle 33 next to Scottsuro, a six-lane road in central Singapore. It is located in a bungalow with a wide garden decorated with antique Chinese antiques and sculptures such as Jinshihwangneung Byeongmayong, turtle and crane statues. It is a “hot place” that has emerged as the number of rich Chinese immigrants to Singapore has soared. “It’s a place where a rich man who first moved from China to Singapore should visit at least once like a rite of passage,” the media said.

“The members here discuss how to roll hundreds of millions of dollars until dawn, smoking high-end Cuban cigars and drinking Bordeaux wine.” Chinese rich people’s “China Exodus” is becoming steep. This is because he is tired of the zero-corona policy that has lasted for nearly three years, and the sluggish Chinese economy shows no signs of reviving. On top of that, the number of immigrants from abroad is increasing due to fears of unpredictable regulations by the Communist Party, which has proposed “joint wealth.” According to immigration consulting firm Henry & Partners, China was the country where HNWI with more than $1 million in financial assets was withdrawn the most last year. Last year, 10,800 HNWIs left and 13,500 millionaires are expected to leave this year. The main destination for Chinese millionaires leaving the mainland is Singapore. In April, the Financial Times (FT) reported that “Singapore is considered as a ship to weather the storm that will blow on them amid deepening economic and social problems in China.” The number of HNWIs who moved to Singapore last year was 2,900, up about 90% from 2019, with many Chinese. Andrew Amoris, a senior researcher at asset information firm New World Wells, predicted, “Up to 3,500 HNWIs will move to Singapore this year, most of which will be Chinese.” Money is flocking to Singapore due to “wealth immigration” from China. According to the Singapore Monetary Authority (MAS), the number of “family offices,” a family corporation that manages high-value assets, has increased 14 times in three years from 50 in 2018 to 700 in 2021. FT estimated that the number of family offices increased to about 1,500 last year, and said more than half of the increase was due to the wealthy in mainland China. Through the family office, rich Chinese people solve various financial problems such as investment and property transfer, and receive income tax cuts provided by the Singapore government. The minimum asset management of the family office reaches Singapore 20 million dollars (about 19.3 billion won), but it is popular. As a result, assets operating in Singapore increased from S$4.7 trillion in 2021 to S$5.4 trillion last year. “A billion won whiskey party overflows with Maotai in VIP clubs.” Visitors are looking at Audi’s concept car model at the Audi Exhibition Hall installed at the Art Science Museum in Singapore’s Marina Bay Sands Hotel in March. There is also a wind of change in the commercial district. Hundreds of Chinese applicants flock to local international schools, and high-end Chinese restaurants with Michelin star ratings are fully booked until several months later. The top-end Bentley and Rolls-Royce cars were also sold in Singapore last year, with 87 and 78 units, respectively, led by the wealthy in China. The price of foreign-only membership at Sentosa Golf Club in Singapore more than doubled from 2019 to S$880,000 as of last year. “Chinese customers have a party to offer Japanese Yamazaki 55-year-old whiskey worth $800,000 (about 1 billion won) a bottle,” said Pierce Cheng, CEO of Singapore’s investment immigration consulting firm AIMS. “We also bought $61,000 (market price) for them.”

Hong Kong’s South China Morning Post (SCMP) said, “There are many luxurious wine and cocktail bars in Singapore that have to pay high costs, and many VIP clubs and high-end restaurants for Chinese have recently been created.” “Last year’s Shanghai lockdown caused a surge to Singapore.” Obstacles are installed to prevent vehicles and people from coming and going in Shanghai, China, which was completely blocked in May last year due to the spread of COVID-19. Yonhap News Agency The Exodus of the rich in China was a turning point in April-May last year when Shanghai, the center of the Chinese economy, was completely blocked by the Zero Corona policy. At that time, Shanghai citizens suffered from a shortage of food and daily necessities with limited freedom of movement, and the richest people began to consider moving abroad, mainly in Singapore. Some analysts say that businessmen, who had been struggling with President Xi Jinping’s co-prosperity and stifling the company, began to escape in earnest to protect their assets when President Xi’s third consecutive term was confirmed in October last year. A case in point is Baofan, chairman of investment bank China Renaissance, who disappeared in February and was found to be under investigation by Chinese authorities. Before being investigated, Chairman Bao set up a family office in Singapore in December last year and tried to move some of his assets to Singapore, FT reported. The manufacturing purchasing managers’ index (PMI) stood at 48.8 last month, below 50 for two consecutive months, and the unemployment rate for young people aged 16 to 24 hit an all-time high of 20.8%, fueling the rich’s departure. Accordingly, there is a rumor among the wealthy in China that the amount needed for immigration to Singapore, which was believed to be possible with only 15 million yuan (about 2.4 million dollars) before the blockade of Shanghai, is now close to 100 million yuan (about 18 billion won). SCMP said, “The number of houses for sale in Shanghai surged from 100,000 in mid-March to 200,000 at the end of April, and housing prices fell by more than 10 percent.” “I like Singapore without Western sanctions,” there are many reasons why Chinese rich people prefer Singapore. First of all, there is a large Chinese population. About three-quarters of Singaporeans and permanent residents are Chinese. It is much higher than Malay (13.5%) and Indian (9%). Another great advantage is that Chinese is the official language. It has fewer regulations, such as lower income tax burden than China, and has a high-quality education system. A stable political environment is also attractive. The New York Times said, “Singapore, which restricts individual freedom by Western standards, may be dissatisfied, but for Chinese, it is enough not to arbitrarily change its policy based on the rule of law.”The international situation, including the war in Ukraine, also played a part. China’s wealthy were shocked by Western countries’ economic sanctions against Russia’s wealthy. Rupert Fujiwoff, chairman of Hurun Report, a market research firm that studies Chinese rich people, said, “Chinese rich people are concerned that their assets will not be safe in the United States, Europe, and Australia.” The Singaporean government is also worried about the Chinese real estate sweep.A luxury apartment located on Sentosa Island in Singapore in February. The rich in China buy a lot. For the Singaporean government, the migration of Chinese rich people is not pleasant. This is because they are reluctant to invest in financial products and others, which is not of great help to the Singapore economy. Bloomberg said, “Singapore hedge funds, banks, and private equity funds are worried that they cannot sign large contracts with the wealthy in China.” Instead, rich people in China are keen on investing in real estate. According to the Singapore Urban Redevelopment Administration, Chinese were the foreigners who bought the largest number of apartments (932 units) in Singapore until August last year. At the same time, 25% of 425 luxury houses were purchased in mainland China. As a result, Singapore housing prices rose 11.3% year-on-year in the first quarter. Housing rents also rose 28.2% in the fourth quarter of last year from a year ago, beating New York (18.6%) and London (17.8%). The Singapore government has imposed regulations on soaring housing prices. In April, the property tax rate paid by foreigners when purchasing a house was raised from 30% to 60% of the house price. In March, the minimum amount of investment needed for investment immigration was raised from $2.5 million to $10 million.
Nevertheless, it is expected that the Chinese will continue to travel to Singapore. “The Chinese rich, who have reduced the importance of freedom due to the Shanghai blockade, are trying to transfer assets, but the Chinese government is restricting overseas investment and controlling capital outflow,” he said. “The only option left is immigration, and Singapore, which is free from Western sanctions, is the best.”

JULIE KIM

US ASIA JOURNAL

The spark of the territorial dispute between China and Vietnam in the South China Sea has spread to the Korean idol group Black Pink. This is because Black Pink’s Vietnamese concert organizer defended the existence of the “Nine Dash Line” in the South China Sea, which China unilaterally claims and Vietnam opposes. A diplomatic official said, “In Korea, the host company of famous foreign singers in Korea marked the East Sea as Sea of Japan or said Dokdo as Takeshima,” adding, “It touched the most sensitive part of Vietnamese people.” Public opinion in Vietnam is raging and the government has begun an investigation. “Patriotism is more important” Fans are also angry, and if Vietnam’s social networking service (SNS) is combined, voices are growing that they will boycott the performance ahead of the first Black Pink concert in Hanoi on the 29th and 30th of this month. The beginning is an image posted on the website of iME Entertainment, the organizer of the BLACKPINK World Tour and Asia’s largest performance agency based in China.The problem was that there was a map showing nine virtual maritime border “South Sea Gudan Line” arbitrarily drawn by China to claim sovereignty over the South China Sea. China claims that the area is owned by China in the name of managing an island in the South China Sea during the Han Dynasty 2,000 years ago. According to them, 90% of the entire waters in the South China Sea will be Chinese territorial waters.These include Vietnam’s Hoangsa Islands (Chinese name Sisa Islands) and Splatley Islands (Chinese name Nansha Islands), as well as most of the Southeast Asian countries where China competes for sovereignty. The International Permanent Court of Arbitration concluded in 2016 that the Namhae District Line was groundless under international law, but China has not budged on its claim so far.Vietnam was outraged.

This is because the controversy was viewed as an “infringement of maritime sovereignty.” “If you look at BLACKPINK’s performance, it can be seen as supporting the plan to invade China,” Facebook said. It is argued that he should not go to the concert. BLACKPINK fans also turned their backs. Fans said, “BLACKPINK is good, but patriotism is more important. “I canceled my ticket reservation because I love my country,” he said, joining the boycott. Tickets for the concert were expected to be sold out for 10 minutes, but seats remain until the 9th, the second day of sales. There are also many posts on social media that say they want to resell tickets”You touch the most sensitive part of Vietnamese people”
The Vietnamese government, which is determined to deal with the issue of the Namhae-gu Danseon, has also taken a quick response. The Ministry of Culture has launched an investigation into the iME website.

Asked if the concert could be canceled, Foreign Ministry spokesman Palm Tohang declined to say, “The government is investigating the issue,” but added, “Vietnam has clarified its thoughts on the Namhae Gudan Line.” Promoting and using publications and products related to this is not allowed, he stressed.On iME Vietnam’s Facebook page, articles criticizing the posting of an image of defending the Namhae Gudan Line on the iME headquarters’ website are continuing. Given Vietnam’s precedent of suspending the broadcast of movies and dramas one after another due to the issue of the Namhae-gu Danseon, the controversy is expected to continue for the time being. The Vietnamese Ministry of Culture blocked the screening in Vietnam on the 3rd of this month because a map showing the Namhae Gudan Line was shown in the U.S. Warner Bros. film “Barbie.” In March this year, the movie “Uncharted” was also banned for the same reason, and the service of the Netflix drama “Fine Gap” was suspended in 2021.In 2019, the DreamWorks animation “About Possible” was suspended 10 days after its release due to controversy over the Namhae-gu Danseon, and Vietnam reprimanded the person in charge for poor deliberation and fined 170 million dong (about 9.37 million won) to the distributor. This is why some predict that BLACKPINK’s concert will not be easy to move on quietly. iME apologized belatedly. Brian Chow, CEO of iME, said, “We will replace the image that is not appropriate for the Vietnamese,” adding, “We respect the sovereignty and culture of all countries.” Currently, related photos have been deleted from the website.

EJ SONG

US ASIA JOURNAL

How do consumers accept artificial intelligence (AI), which is rapidly being introduced into various industries? A recent SAS survey of 500 Americans found that consumers are more comfortable with AI technology in the healthcare industry than in finance or retail.In particular, 47% of the respondents said they would be willing to get help from artificial intelligence technology even during surgery. In addition, six out of ten (60%) felt comfortable about doctors using data from wearable devices such as Apple Watch and Fitbit to assess and advise their lifestyles. Compared to these, it is a more advanced company in the platform of excellent infomining, especially in the medical healthcare sector.

In fact, artificial intelligence is rapidly entering the healthcare sector, providing new solutions to complex and expensive medical problems. In order to successfully utilize artificial intelligence, you need to build an analytical organization that thinks analytically, and as part of that effort, you need to build an analytical platform.Artificial intelligence makes machines learn from their own experiences, adapt to new inputs, and perform tasks like humans. From chess game computers to self-driving cars, most of the AI cases we hear depend heavily on deep learning and natural language processing (NLP). With these technologies, computers are trained to perform certain tasks by processing vast amounts of data and recognizing patterns.

In the medical field, artificial intelligence uses algorithms and software to analyze complex medical data at a level similar to human cognition. The key objective is to analyze the relationship between prevention or treatment techniques and the patient’s outcomes. In fact, Infomining is a company that approached this more faithfully through university hospitals and non-face-to-face medical treatment or Chatbot, the largest healthcare Teladoc in the U.S., and Korea’s Sinchon Severance University Hospital, and Japan’s local government. This is the most realistic and practical approach to existing healthcare and medical care through proven technology and artificial intelligence.Another feature of the company is that it can be applied to a variety of fields, such as software, hardware experts, and representatives (Jae-yong Lee) and artificial intelligence development in language and compatibility through customization to industrial groups (Japan’s COVID-19 inoculation center, camping car, smart city’s medical infrastructure system), collective system (Incheon Airport entry and exit management). The company is moving forward to obtain medical certifications and permits with its future moves and investments already received.

▲ INFOMINING CO., LTD.

▲ CEO : Jae-yong Lee

▲ http://infomining.co.kr

▲ worldconsult@infomining.co.kr

▲ +82-70-4914-2970

H.S HA

ASIA JOURNAL