BNY hires Apac head of global markets trading, makes UAE appointment | FinanceAsia

Ashvin (Ash) Parkash has joined BNY on December 9 as head of global markets trading for Asia Pacific (Apac). 

The global bank has handed Parkash responsibility for accelerating its global markets trading services to clients across the Apac region, according to the a media release. 

Parkash (pictured) will continue to be based in Singapore and is joining BNY from Nomura, where he was responsible for electronic distribution across fixed income and FX. With 25 years of industry experience, in addition to Nomura, Parkash has held leadership roles at BNP Paribas, Citibank, and Lehman Brothers.

Parkash will report to Jason Vitale, BNY’s head of global markets trading, and Nelius De Groot, BNY’s head of markets international.

BNY is looking to grow its global markets trading business internationally and this latest move follows  the establishment of its EU trading desk, and the appointment of Bianca Gould as head of fixed income and equities for EMEA, earlier this year.

In the media release, Vitale commented: “A continues to present real opportunities for our business, as we see growing demand from our clients looking for differentiated execution services and high-quality solutions to streamline their operating model.”

Vitale added: “I’m thrilled to welcome Ash, whose track record in growing businesses and experience in product strategy make him an ideal fit as we deliver high-quality solutions for our clients across markets.”

UAE appointment

BNY has also appointed Madiha Sattar as managing director and Growth Ventures partner, in a newly created global role based in the United Arab Emirates (UAE).

Sattar has joined the leadership team of BNY’s Growth Ventures business, which oversees new businesses that sit between technology, data, and investment solutions.

Last year, BNY invested in Abu Dhabi-based financial tech firm Alpheya, which is developing an end-to-end wealth management platform for wealth and asset managers in the Middle East.

As Growth Ventures partner, Sattar will play a strategic role working with clients in the region to build and invest in regional and global opportunities across financial markets data and analytics, wealth technology, and alternative assets data and distribution.

With over 20 years’ experience across operating and strategy roles, Sattar joins BNY from Careem, a MENA super app sold to Uber in 2019 for $3.1 billion, where she built and led several new businesses. Prior to that, Sattar spent time at JP Morgan Chase and McKinsey in New York.

BNY has been operating in the UAE for over 26 years and was recently granted a category 4 license by the Financial Services Regulatory Authority to expand its offering to clients within the Abu Dhabi Global Market. 

Akash Shah, chief growth officer and global head of growth ventures at BNY, said, “We are excited to welcome Madiha, who brings deep experience to the business and will play a strategic role as we accelerate the GCC’s ambitions to become a global centre of technology and financial services.”

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Al-Golani: New face of Syria has  million bounty on his head – Asia Times

Who speaks for Syrians now that President Bashar al-Assad’s concept has come to an end after 50 years of brutal royal rule?

Hayat Tahrir al-Sham, which led the opposition improve that toppled Assad under the command of Abu Mohammad al-Golani, is one organization making a significant say to that position.

But what does the organization represent? And who is al-Golani? The Conversation turned to Sara Harmouch, an analyst on Islamist violent parties, for answers.

What is Hayat Tahrir al-Sham?

The Syrian civil war, which started in 2011 as a famous revolt against the Assad regime, is where Hayat Tahrir al-Sham is from.

The organization was founded as an outgrowth of the Nusra Front, Syria’s established al-Qaida online. Hayat Tahrir al-Sham was immediately praised for its fight effectiveness, commitment to international jihadist ideology, and support for tight Islamic rule in the Muslim world.

The Nusra Front officially ended relations with al-Qaida in a 2016 move by adopting the new title Jabhat Fateh al-Sham, which means” Front for the Conquest of the Levant.”

It merged with a number of other Arab parties the next year to be Hayat Tahrir al-Sham, or the” Organization for the Independence of the Levant.”

This marketing aimed to walk away from al-Qaida’s international jihadist plan, which had limited the group’s charm within Syria. It allowed Hayat Tahrir al-Sham to focus on problems specific to Syria, such as local governance, financial troubles and humanitarian assistance.

Despite these changes, Hayat Tahrir al-Sham’s fundamental philosophy is still rooted in jihadism with the main goal being to overthrow the Assad government and establish Muslim law in Syria.

Who is al-Golani? How main is he to the team’s success?

Abu Mohammed al-Golani was born Ahmed al-Sharaa in 1982 in Saudi Arabia.

Al-Golani spent his early centuries in Damascus, Syria, after his family returned from Saudi Arabia in 1989. His ideology career began in Iraq, where he joined soldiers aligned with al-Qaida after the 2003 US-led war.

In 2011, under the path of Iraqi extremist and then-al-Qaida in Iraq head Abu Bakr al-Baghdadi, al-Golani was tasked with establishing the Nusra Front in Syria.

Within the Syrian civil war, the party quickly developed into a formidable power.

It was under al-Golani’s command that Hayat Tahrir al-Sham sought to present itself as rational, less focused on global terrorism and more on governance concerns in the region of Idlib, Syria’s largest insurgent enclave.

This change in strategy is a result of al-Golani’s effort to change the perception of his as a jihadist head into a more politically viable determine in Palestinian politics.

Al-Golani’s change toward a more logical approach, especially post-2017, has been crucial in helping Hayat Tahrir al-Sham power territories and proclaim itself as a local governing pressure.

His latest actions, such as adopting a more reasonable image and engaging in conventional public service, reflect al-Golani’s key role in the defense and Hayat Tahrir al-Sham’s political evolution, which both support the organization’s efforts to regain legitimacy both locally and internationally.

Men hand out of a car saluting to a nearby crowd.
Syria celebrate the ouster of President Bashar al-Assad following military demonstrations led by Hayat Tahrir al-Sham. Photo: Omer Alven / Anadolu via Getty Images/ The Talk

How did the organization rise to power in Syria?

Hayat Tahrir al-Sham used a variety of tactics to maintain control over the lands it controlled, including establishing management systems that could provide security and services while promoting their legitimacy in the eye of local populations.

The team’s leaders came to the conclusion that it needed to win over the international community in order to reduce international criticism and properly collaborate with the broader Arab innovative motion. They were trying to expand and get more territory.

Working with different Syrian actors was a part of this effort to create a more appealing entry for international observers and potential allies. To do that directly, Hayat Tahrir al-Sham brought some groups within Syria under its power. Locally and abroad, it reshaped its image through open relationships campaigns, such as engaging in social solutions.

Idlib, which was the last big fortress for various rebel groups since 2017, has been the dominant power there since Hayat Tahrir al-Sham retakes control of Aleppo after government forces retake control of the city in December 2016.

Despite reports of human rights violations, the organization has since strengthened its grip in the area by acting as a quasi-governmental body, providing legal services, and overseeing native matters, such as collecting responsibilities on commercial trucking and controlling highways.

In recent years, Hayat Tahrir al-Sham’s advertising has focused on defending Syria’s individuals from the Assad government. This has improved the organization’s standing among local people and different rebel parties.

In an effort to further shine its picture, Hayat Tahrir al-Sham ramped up its public relations work, both at home and abroad. For instance, it has partnered with global media and charitable organizations to discuss and document aid deliveries to the regions it governs.

By demonstrating this, Hayat Tahrir al-Sham gained some local support, establishing itself as a proponent of Sunni Muslim pursuits.

In addition, Hayat Tahrir al-Sham strengthened its military might by creating professional forces capable of carrying out coordinated and proper attacks. They did so by creating a military academy, restructuring its units, and establishing a more conventional military structure. The latest advancement appears to be evidence that this method has worked.

What does the US consider of the group and al-Golani?

Al-Golani and the Nusra Front have been designated as separate international criminal organizations by the US for a while.

Hayat Tahrir al-Sham was included in the US State Department’s expansion of this title in May 2018. As a result of these classifications, the team and its users face legal restrictions, travel bans, resource freezes and bank restrictions.

Also, the State Department’s Benefits for Justice system is offering up to US$ 10 million for details on al-Golani.

However, it has been reported that the US is considering dropping the$ 10 million bounty on the Hayat Tahrir al-Sham leader, while the UK is considering dropping the organization from its terror list.

What happens if al-Golani emerges as a post-Assad head?

Initially, we should notice that these are very first time, and it remains unclear what Syria will look like post-Assad.

However, based on my years of study of Hayat Tahrir al-Sham and Muslim record, I’m willing to make some educated guesses. Generally, Islamic empires have used different governance frameworks to push their expansion and administration, which may tell Hayat Tahrir al-Sham’s approach to mirroring these powerful strategies.

Second, I believe al-Golani will make an effort to establish a true spiritual management, positioning himself as a leader whose piety and adherence to Islamic principles are in line with the general opinion of the populace.

Hayat Tahrir al-Sham may add more depth by highlighting the significance of Sunni Islam in Syria’s express features and incorporating spiritual legal practices into the country’s rules.

Successful management may be a pillar of Hayat Tahrir al-Sham management, just as it has been established on a localized level. In Idlib, for instance, the group established methods for taxes and society wedding. This is crucial for fostering trust, particularly among recently underrepresented groups.

Also, by allowing some independence for areas within Syria, Hayat Tahrir al-Sham may lessen the risk of unrest, balancing tight Muslim law enforcement with Syria’s cultural and ethnic diversity.

In general, we might anticipate a governance system that aims for a blend of traditional Islamic governance and modern statecraft, attempting to unify and stabilize the diverse and war-torn nation, under the leadership of Hayat Tahrir al-Sham and al-Golani.

However, the group’s contentious status and history of militant activities could present significant difficulties in gaining widespread international support and recognition.

Sara Harmouch is a PhD candidate in public affairs, American University

This article was republished from The Conversation under a Creative Commons license. Read the original article.

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Trump’s BRICS ultimatum won’t deter de-dollarization – Asia Times

The US President-elect is undoubtedly concerned about what the BRICS countries might have in business for the US dollar as Donald Trump prepares for a second term in the White House.

And, not surprisingly, Trump is threatening big-time fines for any hint of de-dollarization among Brazil, Russia, India, China, South Africa and the grouping’s novel people, including Saudi Arabia and the United Arab Emirates.

Trump recently posted to his Truth Social system, saying that the notion that the BRICS countries are trying to walk away from the money while we watch and watch is over.

We demand a commitment from these nations that they won’t create a new BRICS money, nor will they support any other money to replace the powerful US money, or that they will be subject to 100 % tariffs, and that they should anticipate saying goodbye to selling into the wonderful US market.

Never simply a delightful bed from the Trump 2.0 group. Trump’s affected tariffs on the BRICS may only serve as fuel for the” International South” to look for or develop a buck alternative.

According to Michael Wan, senior currency analyst at MUFG Research, it’s unclear how 100 % tariffs on a group of nations that make up 37 % of global GDP would actually occur.

Additionally, it’s unclear how the BRICS’ sky-high taxes would benefit the world’s largest economy. But as Deutsche Bank argues, Trump’s preoccupation with a powerful money appears greater than ever.

” This seems to further show that money strength is an concern for the new leadership, unlike Trump 1.0″, when the US took a less ambitious approach, Deutsche researchers wrote.

Development countries have plenty of reason to be concerned about the dollars with US government debt exceeding US$ 36 trillion and Trump countering enormous budget-busting tax cuts. Washington, after all, only has one AAA record score left — from Moody’s Investors Service.

Morgan Stanley, for one, is advising that it might be time to sell the dollars. According to scientist David Adams,” a lot of the great news for the USD” has already been priced, with the majority of them having “largely internalized the US outperformance storyline” based on Trump’s pledges to impose their tax and trade policies. Businesses, though, may become “overestimating the rate, depth and scale” of those swings.

” We sense investment attitude on the whole is very productive on the franc, suggesting asymmetrical risks for a’ problems trade,’ in the months ahead”, Adams noted.

Trump World has made it clear the US Federal Reserve’s democracy, a key component in global confidence in the greenback, is also on the board come January. The” Project 2025″ system that his Democratic party cooked up for Trump 2.0 includes treatments for curbing the Fed’s much-vaunted freedom.

The Fed almost escaped Trump 1.0 unhurt. Trump placed the pressure on his hand-picked Fed Chairman Jerome Powell first and frequently during his first term in office, which spanned from 2017 to 2021.

Trump attacked the Powell-led Fed in statements, press events and on social media. Trump also mulled firing Powell. The Fed started adding liquidity to an business that didn’t have any additional assistance in the same year.

In October, Trump mocked Powell’s policy staff over. ” I think it’s the greatest job in government”, Trump told Bloomberg. Everyone talks about you like a god when you say, “let’s say turn a gold,” and you show up to the office once a month.

But&nbsp, Trump&nbsp, even defends the right of the leader to persuade the Fed into lowering costs. In August, Trump said,” the Federal Reserve&nbsp, is a very fascinating thing and it’s sort of gotten it wrong a bunch”.

Trump added,” I feel the leader should have at least stayed there, yeah. I feel that clearly. I think that, in my situation, I made a lot of money. I was extremely prosperous. And I believe I have a better impulse than those who, in many cases, may become chairman of the Federal Reserve.

For Asian officials and politicians, it’s a truly personalized abuse on the Fed’s position. The largest US Treasury supplies ever held by Eastern central bankers are held by the world’s largest central banks. Japan only holds$ 1.1 trillion&nbsp, of US loan, China$ 770-plus billion.

More broadly, Asia’s largest holders of dollars are sitting on about$ 3 trillion worth. It all implies that a Trump 2.0 administration would put a lot of Asian state success in danger.

Actually so, Trump is trying to wrench up tariff-induced problems for any country — or economic bloc — brave to champion a penny alternative.

The coming Treasury Department, however, was apply currency manipulation charges, trade controls or levies on trade beyond anything Trump has previously suggested or announced.

Trump appears to be prepared to punish allies who look to conduct bilateral trade in currencies other than the dollar, as well as adversaries. In March, Trump told CNBC that he “would not allow countries to go off the dollar”, as it would be” a hit to our country”.

Yet de-dollarization has moved to the center of the BRICS agenda, particularly since the grouping’s 2023 summit. Both Trump’s and US President Joe Biden’s fingerprints are present in this backlash.

Trump’s meddling with the Fed, hints at defaulting on US debt, and fiscal excesses affected dollar perceptions significantly. When Fitch Ratings revoked Washington’s AAA status, it&nbsp, cited the Capitol Hill chaos on&nbsp, January&nbsp, 6, 2021, as a “reflection of the deterioration in governance” imperiling US finances.

Biden-led efforts to impose economic sanctions on Russia, including accusations of “weaponizing” the dollar, exacerbated the problem.

” The United States ‘ ability to hobble Russia to this extent, without firing a shot, highlights the sovereignty of the United States and the dollar in the global economy”, argues George Pearkes, an analyst at the Atlantic Council’s GeoEconomics Center.

” In this case”, Pearkes noted,” sovereignty is the degree to which a currency issuer can dictate the use of that currency”. But, he added,” by using the power of dollar sovereignty, dollar sovereignty risks endangering the reserve status, which allows it to be weaponized”.

To be sure, Pearkes noted that “aggressive use of dollar weaponization has been signaled repeatedly by US policymakers to achieve US goals in the current Ukraine dispute.”

Although this would have a significant impact on Russia, he noted that “negative feedback on dollar sovereignty will be measured in decades rather than years— and will unavoidably come.”

According to Pearkes,” the ability to restrict access to financial markets is significantly more powerful than it has historically been.” What’s more, he noted,” the weaponized dollar” was “already a fact of life in global affairs” before Russia invaded Ukraine.

Pearkes noted that” the governments of Cuba, Iran, North Korea and Venezuela can all attest to that fact, as can their civilian populations. In all four countries, dollar sovereignty has been weaponized in a contemporary context”.

Trump is, however, steadfast in his desire to avoid the risk that the Global South might lose the dollar. &nbsp,

There is no way the BRICS will ever replace the US dollar in global trade, and any nation trying should wave goodbye to America, Trump said via social media.

Trump has recently shook markets with plans to impose 25 % tariffs on Canada and Mexico as well as additional levies on China up and above the 60 % he has already threatened.

Curiously, Trump said he’s had contact with Chinese leader Xi Jinping in recent days. Over the weekend, Trump told NBC that “we’ve had communication”.

At the Group of 20 summit in Japan in June 2019, Trump and Xi had their final in-person meeting. Trump stated to NBC,” I had an agreement with President Xi, who I got along with very well.

Still, Trump World is clearly steeling for a Trade War 2.0 with Xi’s Communist Party. Last week, Trump buttressed his” Tariff Man” street cred by naming uber-China hawk Peter Navarro as his top trade adviser. Navarro, &nbsp, who in 2011 co-authored a book titled” Death by China”, rarely misses a chance to accuse Xi’s party of “robbing us blind”.

Trump also appointed aggressive China critic Marco Rubio as secretary of state, and padded his next trade negotiations team with extremists like Jamieson Greer and Robert Lighthizer.

Trump 2.0’s supporters contend that tariffs are merely a tactic used to bring Xi’s party to consensus. Yet Xi’s inner circle seems unsure of Trump’s sincerity concerning a new “grand bargain” trade deal.

Case in point: Beijing’s move to limit the sales of key components used to build drones to the US and Europe. While bad news for Ukraine’s defense against Russia, it also serves as a sign of upcoming broader export restrictions.

China also opened an investigation into US chipmaker Nvidia this week following concerns that the business might have violated its anti-monopoly laws. This is also being interpreted as a sign of targeted Chinese trade war retaliation measures. Nvidia is at the center of Nvidia’s efforts to rule the artificial intelligence market.

Earlier this year, the BRICS added Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to its ranks.

Mariel Ferragamo, a member of the Council on Foreign Relations, said,” The addition of Egypt and Ethiopia will amplify voices from the African continent.” Egypt also shared close political ties with Russia and close business ties with China and India. As a new BRICS member, Egypt seeks to&nbsp, attract more investment&nbsp, and improve its battered economy”.

According to Ferragamo,” the addition of Saudi Arabia and the UAE would bring in the Arab world’s two biggest economies, as well as the second and eighth top oil producers globally.”

Yet the most powerful connector among BRICS members, old and new, is stepping out of Washington’s financial orbit. As such,” we think the bloc&nbsp, has &nbsp, the most potential to forward its de-dollarization agenda in&nbsp, FX reserves and fuel trade”, said Chris Turner, global markets head at ING Bank.

Turner noted that the BRICS bloc controls 42 % of global central bank currency reserves, likely contributing to the global de-dollarization process.

The BRICS is “gaining more and more visibility as a trade partner for other emerging markets, particularly in the fuel trade,” adding that it is “gaining more and more ground in regional trade.” BRICS accounts for 37 % of the EM fuel trade, a key area of interest for de-dollarization”, he said.

The BRICS , Turner noted, “is actively de-dollarizing its financial flows from above-average levels, as seen through declining shares of US dollar in their cross-border bank claims, international debt securities, and broader external debt”.

The BRICS , according to Turner, “has a much smaller global presence in those areas that limits the impact of its regional de-dollarization on the global role of the US dollar.”

Even so, the BRICS are causing the dollar to pivot, despite Trump’s efforts to stifle the process. Perhaps the better course of action would be to improve the US financial system.

But that seems unlikely as Trump eyes additional multi-trillion-dollar tax cuts sure to push America’s national debt toward an eye-watering$ 40 trillion over the next four years.

Trump may also be using the reserve currency to defy de-dollarization advocates. With the BRICS cast playing the role of a spoiler, the dollar will likely be a major battleline in the Trump 2.0 era.

Follow William Pesek on X at @WilliamPesek

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Vietnam quiet, firm and resilient in the South China Sea – Asia Times

With overlapping states from various nations convergent in the resource-rich and strategically important canal, the South China Sea has long been a pot of stress and motivation. The conflicting and generally content relationship between Vietnam and China is at the center of the geopolitical debate.

The two countries previously allied during the Cold War are now at odds with one another in an escalating regional debate. Their adversaries ‘ conflict and hostility are clearly portrayed in the competing stories and power plays that determine their competitiveness in the conflicted waters.

China, with its sweeping “nine-dash line” claim, has aggressively pursued its goal of turning the South China Sea into what many see as a” Chinese lake”.

Beijing has transformed previously uninhabited islands into fierce military outposts thanks to enormous land reclamation tasks and the development of artificial islands with runways, weapon systems, and radar facilities.

These attempts, combined with regular naval patrols and political strong-arming, underscore China’s determination to argue supremacy over the area.

Vietnam, but, refuses to rear down. Vietnam is slowly but securely asserting its sovereignty, despite Beijing’s activities receiving a lot of media attention and frequently portraying the South China Sea dispute as a conflict between China and the United States or China and the Philippines.

Nowhere in the world is this more obvious than in the Spratly Islands, where Hanoi has increased its military presence in direct opposition to China’s wide states.

Vietnam’s approach is multi-faceted. On the one hand, it involves the design and development of military installations on the territory of its handle.

Vietnam had made significant progress toward land restoration in the Spratly Islands by the middle of 2024, growing roughly half as much territory as China did during the development of seven military installations between 2013 and 2016 compared to the start of 2016. This significant increase demonstrates Hanoi’s resolve to advance its proper position in the South China Sea.

Hanoi is upgrading its airstrips as well as fortifying its fortified troops with modern weapons and protective structures built to withstand potential attacks.

Vietnam is substantially expanding its security capabilities by using radar and maritime patrols to track activity in its disputed waters. These moves signal a calculated reply to China’s military, demonstrating Vietnam’s handle to protect its territorial dignity.

This confidence is rooted in Vietnam’s traditional experience. Vietnam views its independence with a strong sense of pride after enduring decades of Chinese dominance.

The South China Sea dispute, therefore, is not just about geographical boundaries or exposure to fish and undersea sources, it is a matter of national identity and traditional justification.

What makes Vietnam’s position particularly powerful is the David-versus-Goliath character of the conflict.

Vietnam has benefited from its strategic location, strong diplomatic ties, and expanding security partnerships to punch above its weight despite lacking the economic and military strength of its north neighbor.

Countries like the United States, Japan, and India have all recognized Vietnam’s crucial role in balancing China’s control in Southeast Asia. This has resulted in more military cooperation and arms deals that strengthen Hanoi’s defence capabilities.

Vietnam’s growing anger with ASEAN’s repeated delays and lack of cohesion in creating a bound Code of Conduct for the South China Sea has prompted Hanoi to map its own training in response to China’s extreme coastal growth.

Vietnam continues to support ASEAN as a foundation of regional diplomacy, but the bloc’s inability to form a unified front has made it difficult for it to confront a dominant and assertive power like China.

In response to this, Vietnam has adopted a dual strategy: promoting regional cooperation while pursuing independent actions to defend its sovereignty.

By constructing and upgrading bases, deploying advanced surveillance systems, and expanding its naval and air defense capabilities, Hanoi has significantly increased its military and strategic presence in tense areas, such as the Spratly and Paracel Islands.

It has also deepened partnerships with global powers, including the United States, Japan, India, and Australia, to counterbalance China’s influence and access advanced defense technologies. These alliances strengthen Vietnam’s military readiness and demonstrate its strategic significance in preserving a free and open Indo-Pacific.

Vietnam continues to support ASEAN as a foundation of regional diplomacy, but the bloc’s inability to form a unified front has made it difficult for it to confront a dominant and assertive power like China.

At its core, Vietnam’s approach reflects a pragmatic recalibration of its priorities, balancing regional multilateralism with self-reliance. This approach draws inspiration from its historical resilience in the face of larger adversaries, which demonstrates its unwavering support for its own interests and resistance to unilateral actions.

Vietnam’s assertive behavior sends a clear message to Beijing: it will not remain a passive observer while trying to reshape the South China Sea in its favor.

By adopting decisive measures, Hanoi is strengthening its position as a key player in the region’s geopolitical dynamics by upholding both solidarity and individual resolve. It is also urging others to acknowledge that collective security in Southeast Asia depends on both solidarity and individual resolve.

However, Vietnam’s actions are not without risk. Its strategic maneuver in the Spratlys could lead to a new escalation with China, whose military is significantly more sophisticated and sophisticated than Vietnam’s.

The future of the region, therefore, depends on the delicate balance of power between local actors like Vietnam and international players like the US, who both have vested interests in preserving freedom of navigation and preventing unilateral control by any one country.

In this complex geopolitical puzzle, Vietnam’s resilience stands out. By asserting its right to bear arms in the South China Sea, Hanoi is also sending a powerful message about how crucial it is to stand up to aggression no matter the odds.

One thing is certain: Vietnam is determined to chart its own course in one of the world’s most contested maritime regions. Whether this approach will lead to a peaceful resolution or further conflict is yet to be seen.

James Borton is the author of” Dispatches from the South China Sea: Navigating to Common Ground” and a non-resident senior fellow at Johns Hopkins/SAIS Foreign Policy Institute.

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Philippines to match China’s gray zone tactics in South China Sea – Asia Times

Tensions are high in the fiercely contested South China Sea, which the approaching US leader could intensify or ease in the event that he decides to go after Donald Trump’s subsequent inauguration.

Once more, the Philippines and China are at odds with one another over the long-distanced Scarborough Shoal, with their sea forces dangerously close to a near-clash in the contested waters.

Chinese coastguard ships fired water cannons and side-swiped a ship from the Philippines ‘ Bureau of Fisheries and Aquatic Resources ( BFAR ), which is tasked with surveying and securing Philippine fisheries resources in the country’s exclusive economic zone ( EEZ ). &nbsp,

The near-clashes also involved a dangerous encounter between a Chinese navy vessel and Philippine coastguard counterparts, which, according to Philippine official sources, faced, “blocking, shadowing and dangerous maneuvers” from the People’s Liberation Army-Navy ( PLAN ) vessel.

China’s Coast Guard maintained that its actions were “professional, uniform, reasonable and lawful” and immediately shifted the responsible by maintaining” the duty lies entirely with the Spanish side”.

According to the Chinese beach guard,” China imposed controls on Spanish ships that attempted to enter the territorial waters of China’s Huangyan Dao [Scarborough Shoal ]”. &nbsp,

The most recent tragedy was quickly downplayed by notable Chinese authorities. According to the Global Times state spokesperson, Ding Duo, a deputy director of the Chinese National Institute for Maritime Law and Policy,” The Philippines is trying to fuel the South China Sea issue by continually creating trouble so as to generate fresh discourse materials for the mental war of building the” China threat “rhetoric.”

China’s maritime forces simply conducted routine operations and “necessary control measures” to defend the Asian nation’s maritime claims based on the so-called “nine-dash line,” a sprawling map that an international court at The Hague rejected as “illegal” in 2016 under the auspices of the UN Convention on the Law of the Sea ( UNCLOS).

China rejected the 2016 judicial tribunal decision, which lacked an enforcement system.

” We consider that a steep increase on the part of the People’s Republic of China”, Jonathan Malaya, a Philippine National Security Council director, told the media, underscoring the growing feeling of concern in the Philippines.

The Philippines even cautioned that it reserves the right to take more drastic measures in response. Vice Admiral Jose Ma Ambrosio Ezpeleta of the Spanish Navy, for his part, has suggested that the country could use its own “gray area” strategy to combat China while doubling down on conventional military prowess with allies.

The Philippines ‘ important supporters were quick to show support and, consequently, condemn China’s latest actions.

Another alarming record of harmful actions by Chinese warships against Asian vessels close to Scarborough Shoal. Such steps raise conflicts and the risk of misunderstanding. ]Britain ] urges adherence to International Law and underlines the primacy of UNCLO S”, the UK Ambassador to Manila, Laure Beaufils, said on her X account.

Japan ‘s&nbsp, adviser to Manila, Endo Kazuya, criticized China’s “use of ocean gun and obstructed tactics undermine the health of ship and crew” and reiterated that” Japan upholds the rule of law and opposes any steps which increase conflicts”.

” Risky behavior against PCG and BFAR boats undermine Indo-Pacific stability and security. ]Germany ] recalls UNCLOS and the 2016 arbitrary award and calling for the value to international law”, German Ambassador Andreas Pfaffernoschke, who has overseen a major rise in bilateral security ties in the past year, wrote on his X accounts. &nbsp,

However, US Ambassador MaryKay Carlson criticized China’s “unlawful usage of water guns and dangerous manoeuvres” that” stricken a Spanish sea operation on December 4 and put lives at risk. She reiterated that the US will support a rules-based get in the area alongside its convention allies.

The Philippines ‘ most recent joint naval exercises with Japan and the US in the South China Sea coincided with these new conflicts. The training brought up the Spanish Navy send BRP Andres Bonifacio and a C-90 little aircraft, a US Navy P-8A Poseidon aircraft and Japan’s Murasame-class battleship JS Samidare.

According to the AFP and US Indo-Pacific Command, their most recent training are “in accordance with international law and with due consideration for the protection of transportation and the rights and interests of different says.” &nbsp, The allies emphasized the need to “uphold the right to&nbsp, freedom of navigation&nbsp, and overflight]and ] other lawful purposes of the sea and international airspace”.

It’s no obvious what is simply driving China’s latest activities. However, some experts believe that the Asian power is trying to create favorable conditions and a certain level of dominance before confronting the incoming Trump 2.0 administration, which may decide to use a more aggressive or transactional strategy based on the forces ‘ balance.

As Kyiv and Moscow work to design the terms of any upcoming “peace deal” under Trump, a similar, but more perilous scramble has already been occurring in Ukraine.

China even seems troubled with Manila’s foreign policy way in recent years under President Ferdinand Marcos Jr, most notably his administration’s decision to network, if not attain, the US state-of-the-art Typhon weapon system, already positioned in a northern Philippine province facing Taiwan.

In a recent editorial, the state-backed China Daily accused the Philippines of provocation, saying,” The mid-range missile launch system, which is capable&nbsp, of firing both Tomahawk cruise missiles and the SM-6 surface-to-air and surface-to-surface missiles, is aggressive in intent as it puts not only&nbsp, southern Chinese military bases within range, but also the Taiwan Strait, and a large part of the South China Sea”.

For the Philippines, on the other hand, the status quo is increasingly unsustainable. It is currently considering the use of naval assets for routine patrol missions, a powerful move that could stoke new tensions and entice China’s much larger navy to use forcefully.

Vice Admiral Ezpeleta has also discussed the potential use of unconventional tactics to better defend Philippine claims.

” We have to support the actions of our white ships, such as our coastguard. Another]method ] is we have to enhance our maritime domain awareness”, the navy chief said at a recent Senate hearing.

” I would also like to point out that one of the ways to leverage is to make friends with our allies or our like-minded navies. We have a lot of efforts, especially in our modernization, let’s say for deterrence purposes”.

The Philippine naval chief declined to provide more information about the country’s upcoming actions. The Philippines might consider using physical force without weapons to avenge harassment by Chinese marine forces, similar to India, which has been engaged in numerous clashes with Chinese forces in disputed territories in the Himalayas.

It might also think about deploying more auxiliary forces as well as receiving more assistance from civil society organizations in the disputed areas.

Additionally, a greater reliance on drones, large transport ships, and fast patrol boats is likely to be considered in order to support Philippine resupply missions that China has previously harassed in disputed waters. It is also known that the option would be to welcome direct joint patrols and an expanded over-the-horizon American military presence.

Ultimately, however, the Philippines will likely rely on support from its major allies, most notably the US. In fact, Manila is anticipated to press the incoming Trump 2.0 administration for more assurances of the mutual defense treaty in the event of a crisis as well as the transfer of high-tech weapons systems like the Typhon.

Philippine authorities are determined to hold the line until Trump is in charge to stop China from occupying the territory Manila claims as part of its EEZ.

Follow Richard Javad Heydarian on X at @Rich Heydarian

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South Korea’s main parties hold emergency talks as impeachment vote looms

According to reports that MPs may propose a voting to impeach President Yoon Suk Yeol over Tuesday night’s briefed martial law declaration, South Korea’s major events are holding emergency sessions.

The main opposition party t is cu r claims that the vote could take place as soon as it can guarantee that the motion’s passage is approved. It is currently scheduled for Saturday.

The chief of Yoon’s ruling party demanded his immediate expulsion on Friday, claiming that he posed a “great harm” if he remained in power, the first indication his own party could then ballot with the criticism.

To get the 200 votes needed for the prosecution movement to go, the opposition needs the backing of at least eight ruling group MPs.

Han Doong-hoon, chief of the People Power Party ( PPP ), had earlier said his party would not support the opposition’s impeachment motion.

But on Friday he said said there was” reliable information” that Yoon had ordered the arrest of important politicians on “anti-state fees” on Tuesday.

He expressed worry that “extreme steps”, such as the military law declaration, may be repeated if Yoon remained in business.

The Republic of Korea and its citizens are in excellent danger as a result of these, they say.

He added that his group was aware of ideas to detain opposition leaders in a detention facility in Gwacheon, a area north of Seoul.

His statements are the first sign that the president’s personal political party may support his impeachment.

Earlier on Friday, followers of the criticism assembled on the actions of congress, armed with banners and demanding the president’s treatment.

Yoon’s attempt to impose military law shocked the nation and inseduced South Korea’s friends and financial markets.

He cited risks from “anti-state makes” and North Korea. However, it quickly became clear that his decision had been motivated by his own private social problems rather than by external threats.

After 190 Members made it into the legislature and rejected it, the attempt was immediately changed, some of them climbing gates and breaking barricades to enter the chamber.

Legislators in the opposition are concerned about a further effort to enact martial law. Some of them previously told the BBC that they were staying close to the National Assembly’s basis so they could immediately reject any like charter.

However, ruling party MP Cho Kyung-tae became the first decision group MP to formally words support for Yoon’s prosecution.

Lawmakers are tasked with making the decision between standing up for the people and supporting the troops that imposed military law, Cho said on Friday.

” I hope that all the officials of the Women’s Power will stand on the side of the people”, he added.

The money, Seoul, has seen more than two weeks of street demonstrations demanding Yoon’s departure, while police said he is being investigated for “insurrection”.

Individuals have also been flooding PPP politicians with text messages, urging them to vote for Yoon’s impeachment, according to North Korean media reports.

One MP, Shin Sung-bum, received more than 4, 000 like messages on Facebook, The Chosun Daily reported.

A survey conducted by the native poll Realmeter on Thursday revealed that more than seven out of ten South Koreans supported the impeachment.

Before his attempt to bring the nation under military rule, Yoon had been plagued by small ratings for his acceptance, corruption allegations, and a government led by the opposition that had made him a lame-duck innovator.

Hosu Lee in Seoul and Fan Wang in Singapore both provided more investigating.

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HSBC confirms Asia, Middle East leadership under new structure | FinanceAsia

HSBC has confirmed a number of top positions in Asia and the Middle East as a result of its global restructuring to four running products. &nbsp,

Luanne Lim and Diana Cesar will continue to lead HSBC Hong Kong and Hang Seng Bank, according to the London-based bank’s chief executive officer ( CEO ), Georges Elhedery. Maggie Ng, mind of wealth and personal finance, Hong Kong, and Frank Fang, mind of commercial finance, Hong Kong and Macau, did report directly to Lim covering financial &amp, money submission and the commercial banking businesses both. The Hang Seng Bank business leaders did report immediately to Cesar.

In a December 5 news, the banks also confirmed that Selim Kervanci, who is now chief executive of Turkey, may become CEO of the Middle East from January 1, 2025, pending regulatory acceptance. Stephn Moss, HSBC’s mind of Middle East, North Africa and Turkey, is leaving the business at the end of the time.

Mohammed Marzouqi will continue as CEO of the United Arab Emirates, Kee Joo Wong may be as CEO of India, Mark Wang may be as CEO of mainland China, and Hitendra Dave may be as CEO of the United Arab Emirates.

Co-chief professionals Surendra Rosha and David Liao, who oversee HSBC’s Asia and Middle East businesses, are in charge of the company’s Middle East and Asia Pacific operations. In his power as Asia and Middle East’s key business agent, Phillip Fellowes will continue to support Liao and Rosha with a focus on the Hong Kong company.

For the bank’s new arm, Corporate and Institutional Banking ( CIB ), Jo Miyake, interim CEO and chief commercial officer, HSBC Global Commercial Bamking, has been named head of banking, Asia and Middle East, overseeing client relationships and driving collaboration across regions and businesses. She may start in January.

Sir Danny Alexander will be based in London as the company’s CEO of equipment financing and conservation. &nbsp,

Even in Asia, Kai Zhang has been appointed&nbsp, as head of global success and top banks, Asia. Zhang is currently the head of South and Southeast Asia’s wealth and personal banking ( WPB).

Annabel Spring CEO, world private banks and riches, is leaving the bank at the end of the year to “pursue another possibilities”, while Nicola Moreau will remain as CEO, property management, and Ed Mocreiffe as CEO, plan. &nbsp,

For the complete list of changes at the London-headquartered banks made in the news, see below.

Click here for more FinanceAsia people movements. &nbsp,

¬ Plaza Media Limited. All rights reserved.

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Leftwing populists and far right teamed up to topple French PM – Asia Times

France’s shortest-lived state has fallen in a vote of no confidence triggered by a dispute over now-departing excellent secretary Michel Barnier’s resources.

The far-right Rassemblement National ( RN ) supported the vote in an act that Barnier described as a” conjunction of opposites,” led by the left-wing populists La France Insoumise.

The condition is burial, according to Barnier, and it will only get worse if the government is unstable and the institutions are dysfunctional. As President Emmanuel Macron moves to remove Barnier, all involved, from state to opposition, really consider how they arrived at this scenario.

The political parties of France’s officials ‘ persistent dynamic and majoritarian tendencies caused this issue. They should then take that France’s situation will only be improved by a change in this kind of tradition.

Following his group’s disappointing performance in the European Parliament elections, Macron immediately suspended the National Assembly and called for first parliamentary elections in June.

Competent parties devised a joint strategy to stop it, anticipating that the RN might have won a clear majority in the National Assembly based on its election results in the first round ( where it received 32 % of the vote ). They organized a “republican top,” which brought together center-right, centrist, and far-left legislators.

In the first and second rounds of voting, the alliance’s parties made an electoral pact that allowed one party to withdraw their applicants where it would allow another to avoid the RN from winning the desk.

This technique resulted in the RN narrowly missing being in office for the first time after years of steady help growth. Additionally, it deposed France of a lot and created three roughly equal social clusters in the legislature, each of which could not stand alone.

However, while Macron’s party was content to work with the others to stay the RN from taking office, these noble sentiments vanished when it came to power. Each party’s financial ideology was very various for them to come up with a common ground. Otherwise, the moderates created a minority government, a move that Macron’s moderates made possible by agreeing to abstain from voting in the government’s investiture in order to obstruct its course.

Brinkmanship

The RN, which had become the kingmaker due to the government’s budget approval, continued to exercise its strong dynamic instincts when it faced the current crisis.

To address a colossal public debt and correct a yawning deficit, Barnier’s budget to the parliament was difficult: €60 billion ($ 63.5 billion ) needed to be discovered. To the president’s breaks, it tried to spread the pain consistently ( though not likewise ) across the board through a mix of tax rises and spending cuts.

A compromise would need to be reached between the government and the RN in order for the budget to be passed. But here again, a strict majoritarian logic was at play.

The RN alleged that the government was being kept out of the open and that it wasn’t being heard. In that respect, the RN was correct. Barnier himself proclaimed to be open to conversation but not to bargaining.

The RN drew its red lines and issued its demands, focusing on the measures that would be most immediately felt by voters, knowing that the key to ratifying the budget was to be found. It wished to stop the reintroduction of electricity taxes and make a U-turn on the proposed reductions in medical prescription reimbursements. Additionally, it demanded that pension payments be immediately indexed.

The government conceded, first over the electricity prices, then over prescriptions, until Barnier finally decided that was enough. The government was unable to advance without halting its plans to restructure public spending and without losing face to blackmail.

And this is essentially what the entire exchange was about. The RN’s demands were also a form of repentance for the leftists and a rehashing of its earlier threats to lower the government.

Barnier has a thorough understanding of the game to which he was subjected, and is a seasoned politician. Therefore, he chose to make the vote about the “responsibility of the government” rather than the budget. In order to do this, he cited a constitutional provision that permits the government to pass laws without the approval of the parliamentary majority.

He did this because he knew the opposition parties ‘ only way to stop him would be to hold a confidence vote and to overthrow the government. The RN welcomed the motion, which was brought forward by the left-wing New Popular Front.

Why would Barnier’s plan to obliterate the government in this way? To re-engage the RN and make it confront the risks that its own behavior carries was a constant display of the competitive and majoritarian logic.

What happens next?

The RN now has to navigate the unknown waters that it has pushed the nation. The government has fallen, but fresh elections can’t take place until July. In the interim, a technocratic caretaker government will be in power, causing political stagnation in France.

However, this paralysis has shook the credit markets and caused the French government’s borrowing costs to rise. If the electorate believes it to be responsible, it is a problem for the government, but it is also a problem for the RN.

Many of the RN’s core supporters have an anti-system attitude. Because it is a part of an establishment, they always will be opposed to the government.

But the RN will never win office, and certainly not the presidency, by relying solely on this core base. It needs support from moderate centre-right voters, including those with economically liberal inclinations, who prize economic stability above all. Alienating them is not an option.

As Barnier had intended, the budget dispute has highlighted these internal tensions and harmed the RN’s prospects.

In the hope that Macron can only do so much as resign, the RN’s most likely response is to try to shift the blame back onto the government. Le Pen is waiting in the distance.

Simon Toubeau is an associate professor at the University of Nottingham’s School of Politics and International Relations.

This article was republished from The Conversation under a Creative Commons license. Read the original article.

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South Korean president under pressure as impeachment vote looms

As parliament draws nearer to a ballot on his impeachment, South Korean President Yoon Suk Yeol is under increasing pressure to resign as president of the country for his failed attempt to impose martial law.

A second evening of street protests in the capital Seoul demanded Yoon’s departure while police claimed he was being looked into for “insurrection.”

Even though the president’s party has stated that they oppose it, the criticism is pressing for a ballot on the Yoon impeachment movement on Saturday.

To complete the motion’s two-thirds lot in the 300-seat parliament, it needs at least eight Yoon’s group members to support his impeachment.

When Yoon made the unexpected declaration of martial law later on Tuesday night, South Korea was in democratic upheaval.

He cited risks from “anti-state makes” and North Korea. But, it quickly became apparent that his decision was spurred by his own private social problems rather than by external threats.

Six hours later, Yoon reversed the charter after MPs rejected it. Some legislators jumped over barriers and barricades to pass safety forces in order to join in parliament and revoke Yoon’s decree.

His attempt to impose martial law has sparked outrage and city demonstrations in the media. He has not spoken out in public since early on Wednesday when he reversed his choice.

Prior to his attempt to bring the nation under martial rule, Yoon had been plagued by small ratings for his acceptance, corruption allegations, and an opposition-led government that had rendered him a lame duck head.

More anti-Yoon demonstrations are expected to take place in Seoul afterwards on Thursday. As individuals join in after school or function, they are anticipated to get bigger. There have also been a few demonstrations in his name, but they have been significantly smaller.

In the event that Yoon attempts to revoke another military rules order, some politicians are also staying close to the National Assembly to make sure they are prepared to do so.

According to Woo Jong-soo, head of the National Investigation Headquarters of the National Police Agency, authorities have begun an investigation into Yoon for admitted uprising following a complaint from the criticism. Beyond political resistance, rebellion is passible to death.

On Thursday, the National Assembly began its investigation into the military law charter.

According to opposition Democratic Party lawmaker Kim Seung-won,” the Yoon Suk Yeol government’s declaration of disaster military law caused excellent confusion and fear among our people.”

Yoon’s defence secretary, Kim Yong-hyun, resigned on Thursday and took full responsibility for the military law declaration.

Interior Minister Lee Sang-min told the legislature hearing that Kim had suggested military law to Yoon. Similar studies have been reported in South Asian media.

During the reading, it became apparent that some people knew about Yoon’s program. The evil defence secretary, Kim Seon-ho, said he learnt about it on the media.

Army captain Park An-su claimed that the language of the martial law recognize had only been delivered to him on Tuesday night.

” We were four of us who were going through the document,” the author said. We are specialists in the military, but we are not professionals in martial law. What should we do, what should we do, and when should we do it? he told MPs.

Late on Wednesday, a movement to oust Yoon was filed in parliament, and North Korean law mandates that it be put to a vote within 72 hours.

The Democratic Party, the main criticism, is urging people to cast ballots on Saturday night.

If the senate is approved, the president may be instantly suspended from company, while the prime minister becomes acting president.

A test will then be held before the Constitutional Court, a nine-member committee that oversees South Korea’s branches of government. The process could take up to 180 times.

If six of the court’s people vote to preserve the prosecution, the president may be removed from office.

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South Korea’s sloppy coup attempt: Why’d Yoon do it? – Asia Times

Editors seeking a tale typically concentrate on answering the “five Ws,” but in South Korea that has often been challenging.

That was undoubtedly the case during a time of military rules in the 1970s and 1980s, when the military-backed authorities had all the means to terrify Asian editors. Federal officials were known to use wiretaps to spie on international journalists, and they even blackmailed some of them after being caught in honey traps with sexual partners.

The nation has become more transparent since it first became a republic in 1987, and a shoddy coup attempt by President Yoon Suk Yeol failed before any judges from the coup plotters ‘ group may prevent the world from learning the fairly completely compiled responses to four of the five W questions regarding the incident: the who, the what, the when, and the where.

It appears that Yoon colluded with some members of the military by appointing General Park An-su, the chief of staff of the Republic of Korea Army, to be in charge of military rules. But, in the National Assembly in Seoul on Tuesday ( December 3 ), with soldiers in battle gear trying to get in and shut down the country’s parliament, Yoon’s own civilian party leader turned on the president.

Yoon had stacked the defense with loyalists. but he hadn’t protected his civil side. He had decreed military laws, but his order was rejected in congress.

We’re still waiting to see if the public and his quick boss, Defense Minister Kim Yong-hyun, who are reportedly held responsible by the leader for poor advice, resign, and how the whole situation ends up having an impact on the president’s reputation, who is apparently very unhappy halfway through a five-year elected term.

Some people will feel justified in joke describing the situation as a ludicrous returning to 1980s politicians from responses to those four Ws. As Karl Marx said: First moment drama, next day comedy.

But in reality we don’t hear quite enough to be certain that’s a good judgment. The second W, or “why,” is what has been lacking in this story thus far. Yoon did it for what reason?

Begin with the description he gave in his televised statement announcing martial law on Tuesday night in Seoul:

I therefore declare crisis martial law to protect a liberal South Korea from the dangers posed by North Korea’s communist troops and to stop anti-state groups from plundering people’s freedom and happiness.

This give the president the benefit of the doubt and believe, for the moment, for purposes of figuring things out, that he was advised to do so by his troops.

Retired US Marine Colonel Grant Newsham, who frequently writes for Asia Times about military issues, says in an message that he is” curious to know why he did it and why the army went down.” In response to Yoon’s mention of” challenges posed by North Korea’s socialist causes, Something specific? If not, not a good move”.

Let’s find out why the defense minister and the army under General Park continued to support Yoon’s plan until National Assembly lawmakers stood up and voted to reject the presidential order.

First, there is, indeed, a history here. The military-backed regime rolled back in the 1970s and 1980s by using an alleged heightened threat from North Korea as a pretext for grabbing power.

One of the two authors in the article you’re reading, who is asking today if the Seoul Hilton concierge is still holding his gas mask and helmet in preparation for the following round, was directly involved in this situation.

The North did not resist the temptation to move militarily south in large enough units to be found after the assassination of South Korean President Park Chung Hee on October 26, 1979, at a time when there was great conflict in the South. Some of the reports coming out of Seoul to the contrary were pure lies created by the forces supporting ailing Major General Chun Doo-hwan’s ultimately successful power grab.

South Korean government officials were caught red-handed by reporters from the Baltimore Sun Tokyo bureau in fabricating a report that claimed Northern plans to invade the South appeared to be taking off.

Prime Minister Shin Hyon-hwak claimed that a” close ally” had informed the government that North Korea’s infiltration-trained Eighth Army Corps had been a long distance from intelligence surveillance in a briefing with South Korean journalists on May 10, 1980. The unit might show up in South Korea, perhaps between May 15 and May 20.

At the time, South Korea had only two” close allies”, the United States and Japan. Thus it was a simple matter to check, and to report in the Sun the next morning, that neither ally had provided this information.

Instead, the Japanese said the South Koreans had been trying to peddle the “intelligence” to them, claiming it came from China – a country that certainly was not a close ally. A Japanese source blatantly stated,” The South Korean inquiry appeared to be something of an advertising balloon.

With this historical background, it should have been no surprise on early on Wednesday when the military announced that no unusual North Korean movements had been detected after the South Korean special forces soldiers assigned to enforce martial law had left the premises and the mission had been abandoned.

What do you believe Kim Jong Un will accomplish? asks Stanford’s Daniel Sneider, whose Asia Times byline is familiar to you, dear readers. ” Sit tight and enjoy the show, I imagine”.

In fact, Kim Jong Un of North Korea doesn’t believe it’s time to act now that the recent events on Seoul’s streets don’t sound remotely sufficient.

Korean Military Academy loyalists dispute the claim that North Korean forces even actively participated in the Gwangju uprising a little later in May 1980, when Seoul’s streets were on fire.

They contend that Chun and his sidekick Roh Tae-woo, both of whom were honorable KMA graduates and later became president, would not have oppressed the populace in the manner that those two and their special forces subordinates were, and that doing is said to have contributed to the uprising.

History as guidance has its limits. Before the soldiers who enforce martial law stood down at the National Assembly, Sneider noted in an email that” we will have to see how much of the army follows the orders.” ” This is not 1979 or 1980″. &nbsp,

Moving on, and again giving Yoon the benefit of the doubt, note that, in the president’s justification for martial law, he tied North Korea to “anti-state” elements at home.

Yoon has been a significant critic of pro-North groups who he believes are attempting to politically overthrow South Korea with some success. We all seem to be at odds with South Korea and its allies that this is a serious issue. The Asia Times has long been making it known.

However, it is not a new problem. Moon Jae-in’s five-year noticeably pro-North presidency immediately preceded Yoon’s taking up residency in the Blue House. And Kim Jong Un did not occupy South Korea at the time.

We are not aware of the evidence if the issue has reached the certifiable Fifth Column stage and needs to be recognized as an emergency that warrants the establishment of a new military dictatorship.

One more element of this subject might be involved here. Very likely, there was no measurable, more significant threat from North Korea. The entire world was furious at the deployment of North Korean troops to Russia, allegedly even to the Kursk frontline, so Yoon made the perfect hints at one.

Oh, and add one more thing: Yoon and the military may have intended to stop Trump from speaking with Kim again. What does the not-quite new background tell us about Yoon’s motivation to pull the martial law stunt at this specific time, though?

Here we must get into purely domestic politics. Yoon has a history of fighting with his own party leader Han and rules against an opposition majority in parliament. With a tight budget, the opposition wants to stifle him, and they’ve got to go after his wife on corruption charges as well.

Meanwhile, apparently the drill is to take a leaf out of ancient South Korean 1970s and 80s history, hype the North Korean threat and rule by decree. Yoon’s move had some potential success, as the president had stacked the military against rebellious anti-North Korean sympathisers. But the venture failed.

Where do we go from there in this argument? Even deeper into domestic politics, probably. Stay tuned for that.

” This is an act of political suicide”, says Newsham. ” Yoon did a shoot, ready, aim sort of thing. He’s right about pro-NK and pro-CCP elements in the opposition. But, man, this doesn’t look good. Hard to put the egg back together. It’s not difficult to imagine a few parties who can benefit from this turn of events if one is a chess player.

Uwe Parpart&nbsp, is publisher and editor-in-chief of Asia Times. Follow him on X @uwe_parpart

Associate Editor Bradley K. Martin covered the democratization movement in South Korea for Newsweek and the Baltimore Sun before moving on to the Baltimore Sun. Follow him on X @bradleykmartin

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