4:42 pm KST
Dec 26, 2012

Economy & Business

South Korea Flirts With Another Power Disaster

    • The Soviet Unions economy was measured in Purchasing power Parity Gdp not Nominal Gdp. America has a 15 trillion dollar economy and 16 trillion debt ? That means Americas economy should be worth nothing .

    • if its politically impossible at the moment to just reduce the subsidies, why not take the route of keeping them but conventionalizing them to having certain energy conservation technologies? this will also boost a market of energy conservation technologies that could later be exported. its not ideal from an ideological free market standpoint, but its better than the current situation.

    • conditionalizing not conventionalizing, damn spell corrector...

    • This is a surprisingly well written and informative article. Thank you WSJ.

      @Anonymous: what fourth-rate Chinese economics department did you flunk out of? Go google the difference between accounting for stock and flow, that is if your VPN is still functional

    • America $15,290,000,000,000 trillion with a $16 trillion debt
      China $11,440,000,000,000 trillion
      India $4,515,000,000,000 trillion
      Japan $4,497,000,000,000 trillion

    • America does not like selling weapons to India but it has no choice because selling weapons is Americas only bread and butter ?

    • South Korea is doing well because its poor are dying of old age !

    • What's up with all the hateful comments? If you want to hate Korea come up with better reasons.

      However, I do agree that energy consumption rate is surprisingly high and wasteful for such a small nation. There's lots of government funded campaigns to encourage people to wear long underwear and pocket warmers/ etc instead of depending on electric heating system extravagantly.

    • South Korea will be declared a super old age country in 10 years !

    • @Shocking

      Korea has learned a lot from watching Japan, lets hope it learns what not to do and and doesn't go down the same road with the racist immigration policy's the Japanese have. They will need immigrants for the work force and pay taxes like any nation does.

    • these are not the the only things Americans sell. Weapons too.

    • More ChiComm trolls, eh? OK. forget the 35,000 Americans guarding the DMZ. Don't consider them as friends of Korea, even though they probably would be happy to not be far from their loved ones. Don't care about their sacrifice for the last 60 years. OK. I get it. They're only there for "US interest," not to help hold back the onrush of murderous communism that has destroyed so many countries, especially poor stunted China under the ChiComms.

      Let’s see who Korea's friends are. America in August 1945, defeated Japan, the seemingly intractable and genocidal oppressor of Korea since at least 1905. In 1953, Nork soldiers, riding in on Soviet tanks, with Russian-piloted MiGs as aircover, cross the DMZ, loot, pillage, murder their way down to the Busan area, but then are pushed back by US, ROK and troops from many nations (UK, Canada, Australia, Turkey, Greece, Ethiopia, etc.), with MacArthur driving north to the Amnok (Yalu River), just at the point of finally reuniting Korea, when… a million ChiCom soldiers pour in, and do what they know best – rape, pillage, murder. By the way, a little understood point: the US State Dept in FDR’s administration was WIDELY penetrated by Soviet agents. Not just sympathizers, but actual agents. So at Yalta, when Stalin suggests dividing poor Korea into two zones of “temporary” occupation, FDR signs onto it. Thank pro-Russian Harry Hopkins, Owen Lattimore, Alger Hiss, et al. for the truly unnecessary and cruel division of Korea. Catching up to the present day, when North Korean refugees escape to China (with the hope of going to South Korea), Chinese authorities do one of two things: 1) they return them to the DPRK, where they are marked for death or 2) they rob them or in the case of women, they rape them and turn them over to gangsters, who literally sell them as slaves. So, who have been Korea’s friends? Americans who were real Americans, not commies, or Russians, Chinese or Japanese? Look at history and if you don’t cry, you are a heartless pig.

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