Sunday, October 02, 2005

 

Who plays money card ?

Chosun Ilbo, the leading newspapers in South Korea, says something kimuchiheadedly.

Updated Sep.27,2005 22:42 KST
Disgruntled Tokyo Plays Money Card

With its dream of a permanent seat on the UN Security Council in tatters, a disgruntled Japan wants to cut its contribution to the United Nations. Tokyo plans to ask the General Assembly to lower its dues and increase those of Russia and China -- the latter a particularly vocal critic of its Security Council bid. UN dues are calculated in the General Assembly once every three years, and the burden for 2007 to 2010 will be decided next year. Japan says it pays a 19.5 percent share, No. 2 after the United States’ 22 percent, and wants a position befitting that share.
Following the South Asian tsunami earlier this year, Japan gave a generous US$30 million, and during the G8 summit in July it pledged 1 trillion yen in official development aid over the next five years to woo votes from developing nations. But they mostly fell in line against the Japanese reform plan.
“Money diplomacy” is nothing new for the island country. Experiencing explosive growth following World War II, it has been throwing yen at developing nations for the last 20 or so years in search of a voice in international affairs. Strengthened by his landslide election victory, Prime Minister Junichiro Koizumi, an heir to this style of diplomacy, is standing on the threats and retaliation that have worked well domestically in foreign affairs as well. He did not attend the UN summit on Sept. 14 just to hear messages of congratulations from other world leaders on his victory. Immediately after Koizumi stressed the need for Security Council reform in his address to the General Assembly, Japanese officials started saying that a setback to the bid for a permanent seat meant public opinion at home would demand an end to Tokyo playing the UN dupe.
The Japanese government inflated expectations for the Security Council bid domestically. Now that is backfiring, it is putting pressure on the international community to save face over its diplomatic failure. Its antics suggest it is not quite ready for any greater international role.
(englishnews@chosun.com )


Updated Jan.2,2005 18:56 KST
Korea Mulls Donating US$50 Million in Disaster Relief

The government announced Sunday that it is considering donating over US$50 million (W52.1 billion), ten times the original proposal, to help relief efforts in the wake of the earthquake that occurred under Indonesian Sumatra and caused 10-meter-high tidal waves across the Indian Ocean. Initially, the government decided to provide $5 million in relief funds through a meeting with the ruling party late December.
As Japan decided to increase its donations to $500 million, however, Foreign Minister Ban Ki-moon suggested to Prime Minister Lee Hae-chan that the country revise its donations dramatically upward.
The foreign minister said in a meeting with reporters that the international community believes Korea should make donations in line with its status as the 11th largest global economy. The country's anticipated relief funds of $50 million would be Korea's largest ever contribution and would be spread out over three to four years.
Meanwhile, the government will send Prime Minister Lee Hae-chan to a special summit meeting of the Association of Southeast Asian Nations (ASEAN) in Jakarta on Jan. 6 to discuss plans to aid countries devastated by the tsunami.
(Lee Ha-won, may2@chosun.com )


FINANCIAL TRACKING SERVICE

FTS - Indian Ocean Earthquake-Tsunami 2005

Japan announced $500 million for donations and kept its word.

South Korea announced $50 million for donations but paid only $3 million. It abused the disaster relief for its publicity.

Who does play money card ?
takeshima dokdo dokto tokdo tokto
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