Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Search

 

Cablegate: Seoul - Media Reaction

VZCZCXRO1876
RR RUEHGH
DE RUEHUL #0219 0420616
ZNR UUUUU ZZH
R 110616Z FEB 10 ZDK
FM AMEMBASSY SEOUL
TO RUEHC/SECSTATE WASHDC 7047
RUCPDOC/USDOC WASHDC 9702
RUEATRS/DEPT OF TREASURY WASHDC
RUEHKO/AMEMBASSY TOKYO 7349
RUEHMO/AMEMBASSY MOSCOW 0782
RUEHBJ/AMEMBASSY BEIJING 7277
RUEAIIA/CIA WASHINGTON DC
RUEKJCS/SECDEF WASHINGTON DC
RHHMUNA/USCINCPAC HONOLULU HI
RUEHGH/AMCONSUL SHANGHAI 1776
RUEHSH/AMCONSUL SHENYANG 5618
RUEHIN/AIT TAIPEI 4543
RUEHGP/AMEMBASSY SINGAPORE 7758
RUCNDT/USMISSION USUN NEW YORK 2012
RUEHGV/USMISSION GENEVA 0095
RUEHLO/AMEMBASSY LONDON 2384
RUEHFR/AMEMBASSY PARIS 3006

UNCLAS SEOUL 000219


SIPDIS

E.O. 12958: N/A
TAGS: PREL PGOV MARR ECON KPAO KMDR KS US
SUBJECT: SEOUL - MEDIA REACTION

Subject: Media Reaction; Seoul
China

"U.S.-CHINA TRADE CONFLICT THREATENS WORLD ECONOMY"

Moderate Hankook Ilbo editorialized (02/11): "The ongoing conflict
between the U.S. and China, the 'central axes' of the world economy,
are all the more worrisome because we know that the Great Depression
in the 1930s was aggravated and prolonged by protectionism following
disputes between the U.S. and Europe. Furthermore, the euro zone is
currently struggling due to the financial crisis of the PIGS group ?
Portugal, Italy, Greece and Spain ? and Japan's fundamental economic
health has weakened enough to be faced with a credit-rating
downgrade. A 'hegemonic' war" between the G2 will have a fatal
impact on the world economy, which is barely on track to recovery,
and will also dampen our economy which is struggling with a rising
jobless rate."


STEPHENS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
World Headlines

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.