or engage south korea again? i mean, your guess is as good as my because you would think they would be at a point where they would want come certainly they want the sanctions relief, but they are still holding on so it leads to these questions what is driving the kim regime sky keyless? you would think having a vaccination strategy would then be an answer to trying to ease the border lockdown but that hasn't been the case as well. the flip side of this of course is some say the regime is able to survive because again somehow in terms of the illicit economy or illicit goods that things are still getting in to the country illegally may be through -- sheena may not -- may know more about this but i don't know what the port situation looks like if it opened any ports but there may be ways to smuggle things, smuggle things through. but again though sort of stories are also anecdotal so it's really hard to know. the elite tend to thrive through l legal sanctions evasions through the illicit economy. i don't know to wha

he has never shown _ democratic south korea? he has never shown any _ democratic south korea? he has never shown any remorse - democratic south korea? he has never shown any remorse for. democratic south korea? he has never shown any remorse for his crimes and certainly not through his trial or in later life. ithink through his trial or in later life. i think when it comes to a legacy that he leaves, if there is one, is that the south korean people hold their democratic rights extremely dear. when they feel that the government needs to be held to account, they will take to the streets, they did so with the former president in huge numbers in a protest that lasted weeks. they take their democratic rights very, very seriously and i think when it comes to this presidential election you will see them hold the candidates once again to account. . . the candidates once again to account. ., ., ., ~ , ., the candidates once again to account. ., ., ., ~ ~ account. laura, thank you. and thank you _ account. laura, thank you. and thank you for— account. laura, thank you. and thank you f

in south korea? we are companies doing a man's dash doing in south korea?— are companies doing a man's dash doing in south korea? we have energy electricity storage _ doing in south korea? we have energy electricity storage systems _ doing in south korea? we have energy electricity storage systems - _ doing in south korea? we have energy electricity storage systems - three - electricity storage systems — three companies, such as samsung, lg and sk innovation, they are the top companies... 50 sk innovation, they are the top companies- - -— companies... so this is battery technology. — companies... so this is battery technology, batteries - companies... so this is battery technology, batteries that - companies... so this is battery| technology, batteries that each companies... so this is battery i technology, batteries that each of us might have in our homes going forward that store the electricity that comes from the grid? yes. what is the attitude _ that comes from the grid? iezs what is the

or engage in south korea. your guess is as good as mine because you would think they would be at the point that they would want certainly the sanctions relief but they are still holding on to these questionsio of what is driving e calculus you would think that would then be in answer to trying to ease the border lock lockdown but that hasn't been the case. the flipside of this some say the regime is still able to survive. the things that are still getting into the country illegally there may be ways to smuggle things through but those stories are also anecdotal. they tend to thrive through the illicit economy. i don't know to what extent that holds true but it may be possible that it's because of markets the regime is able to stay afloat. >> i think the regime shifts towards the cyberon revenue-generating opposition because it was in place prior to the pandemic and so i think the leadership has a potential source of revenue that we were a little bit slow to catch on to but overall there was a shift towards the

thanks for joining us from sol in south korea. ok. now, united nations has altered immediate evacuations of family members of international staff from ethiopia. that is growing along after to grind rebels came to be edging closer to the capital, addis ababa? the presidents of tenure in south africa have both call for cease fire. the tory gate and be reports i some of prime ministers, abbey ahmed soldiers, and now prisoners of war, and the 2 grains have been parading them before the cameras. the presidents of kenya and south africa say all parties must commit to ending the violence. we expressed our corrections at the school for barrel amends. the roaring parties in europe, i beg, with parties to attempt to convince durham in new york in reference, negotiated says friar, i've been l inclusive. political dialogue. as the wardrobe is closer to the ethiopian capital plans to defend addis ababa or intensifying these women have joined a neighbourhood protection, forced to guard against advancing rebel forces. they've set up road blocks, a s

how will south korea 90 _ achievable. how will south korea go about _ achievable. how will south korea go about replacing l achievable. how will south i korea go about replacing coal in its economy with other fuel types? i in its economy with other fuel es? ~ , ., ., types? i think first of all, we have to step _ types? i think first of all, we have to stop the _ types? i think first of all, we have to stop the ongoing - have to stop the ongoing construction of new coal power projects. we have four gigawatts of construction going on and also we have to restructure our power market system because until now the system because until now the system is geared towards fossil fuels, and also we have to improve policies to accommodate more renewables. an event we have enough renewable potentials for the country. —— i think. potentials for the country. -- i think. �* . potentials for the country. -- ithink. . , potentials for the country. -- ithink. . i think. big coal produces and uses did not _ i think. big coal produces and uses did not sign _ i think. big coal pro

i want you to south korea dead on arrival is next . if america held up a mirror to itself, what would it see in a sense, race is the story of america. what's working and what's not. a lot of people are only talking about that. it wasn't at the top of the agenda if america can't handle multiple challenges on multiple fronts, we need to go back to school. the bottom line on al jazeera in south korea, online shopping is booming with cove at 19 restrictions, keeping people at home. but delivery workers are playing a high price. well now mine gotten their lower working round the clock, they raced to deliver packages on time. if they fall behind, they have to pay with no, right? we are the one who 2nd 5 for so for their says 10. the grueling conditions are killing them over to you know this whole at a real one a one east investigate why korean delivery workers are dying for the countries. convenience or 2? oh $425.00. is a time that i get into my truck is sleepy, but i turn on my radio. usually i tried to blister myself. why listen bill that

cars, bus, trucks and emergency vehicles across south korea. ad active is imported from china but it's puting oning on the break. [speaking foreign language] >> the situation is really bad. i drive about 70 kilometers to get some uria for my truck. my turn didn't come. so i just left emptyhandedded. >> drivers are panic buying. -- emptyhandedded. drivers are panic buying. >> we reached 80 to 90 fors of customers. they always asked if they haven't secured uria. the water solution is used to cut toxic emissions of night yo tremendous general oxide in emissions. in an effort to curb the rising air pollution, the south crane government needed money for cars, bus and freight trucks to use the chemical. china is a country's biggest supplier. but since october it's faced a cold shortage that's created its worse crisis in years. and beijing has tide in exports. in south korea, the president is calling for calm. >> the government is doing our best to solve uria import issues promptly and find a (shie fouron) how peaceful! majuli is not the image you hav

but this isn't just south korea. it's also around asia and around the world. australia, for example, has just recently opened up to some of its citizens being allowed to come home, so finally seeing loved ones after close to two years that country was isolated. they're stepping back from certain countries. some of the nationals flying from those countries were taken by surprise. the rules changed as they were flying, and they arrived to find out they had to do 14 days quarantine, which they weren't expecting. there's very fast decisions being made at this point around asia. officials say they just want to buy some time to figure out what they're dealing with. >> those new tests will be so important. paula hancocks, in seoul, south korea, thank you very much. >>> i know you've heard about the labor shortages obviously affecting businesses across the country. have you heard about the hidden helpers that are stepping up to fill in the gap? we'll tell you about one of them. stay close. ♪ (sha bop sha bop) ♪ ♪ are the stars out tonight? (sha bop sha bop) ♪

in south korea, the precedent is calling for com to him while soupy turtle the government is doing our best to solve euriah import issues promptly and find alternative sources. so there was no need for excessive concerned or military aircraft as being for just really to get supplies. g as a u t. as a little we firstly arrange to import urea from australia. and the currently talks of government levels. regarding this defense ministry is also preparing support for rapid transportation. many fear the shortest good for millions of cargo trucks off the roads, causing major disruption, informing businesses, industrial ad factories, the overall production of any kind of material here, korea is threatened to be, to be halted. so this is a supply chain crisis for home here inside korea, but also for export and korea is of such and the import them exporting country in the global scale. so this could also mean global impact. a shift for the biggest economy has so far managed to affect much of the economic damage from the crone of ours pandemic to strong exports. but many here are worried if the u

japan and south korea are strategic allies. the u.s. is the most important partner in britain now freshly out of the you also seeks closer relationships with the united states. this is a symbolic joining for them. none of them will bring anywhere near as much oil to the market as the u.s. have done. this shows it is largely a domestic effort to reduce pump prices in the u.s. rather than globally. >> you mentioned before the international energy authority. and its position. if either staying correctly, it has a rule that says countries cannot release strategic oil reserves for anything other than crisis situations. the rules also say the iea cannot get involved if it might affect market prices. it begs the question, what is the point of the iea in point like this? -- a situation like this? >> it is the agency of the oecd countries. they are the rules but america is the 500 pound gorilla in the room. the 500 pound gorilla may choose to do other things. the question is how do you define a crisis? for president biden, this was a crisis. he

states and japan and south korea. our job as a facilitator is to create the bonds of unity, that we speak with one voice, one interest, and one imperative. this is one of if not the highest priority, to find that unity so we can confront the attempt by china and north korea to divide us. >> finally, as in all relationships, the question of press freedom with singapore was raised earlier. in this case, more than 475 u.s. children have been kidnapped to japan. and the u.s. has named japan a top three worst offender of international parental child abduction. there has been no significant improvement since japan acceded to the hague convention on the international aspects of child abduction in 2014. so when you are confirmed, i hope that you will make one of your priorities to get the japanese government to understand that when you enter into an international convention, and when american children are involved, we certainly expect you to live up to your obligations under the convention. >> and mr. chairman, i would unders

could have a huge impact on south korea economy. frank, good to explain. this vehicle is running short of urea and so could millions of diesel cars, buses, trucks, and emergency vehicles across south korea. the fuel additive is imported from china, but it's putting on the brakes. money owe me, the situation is really bad. i drove about 70 kilometers to a petrol station to just get some urea for my truck. and there were long, huge vehicles my turn didn't come. so i just left empty handed. dry was a panic buying and they were ports of holding. fuel stations are running out of stock, listed with them. they don't 9 truck drivers out of 10. don't come any more. leave ross 80 to 90 percent of our big customers. they always ask why we haven't secured enough urea, so we feel very sorry for them. uria water solution is used to cut toxic emissions of nitrogen oxide from diesel vehicles. in 2015, in an effort to cub rising air pollution, the salt grew guffman, made of mandatory for all diesel pod cause buses and free trucks to use. the chemical china is a country's b

japan, india and south korea and the u.k. falling short of expectations. let's get more from our energy team out in asia. what has been the reaction? talk about the fact the markets have looked past this. is that going to continue and what can we expect from opec? >> the reaction is disappointment. it has been talked up so much over the past month with biden going from country to country trying talk people into it. in the end, it is large, in historical terms but not nearly as big as some analysts estimated. 18 million barrels of the u.s. release was planned. it is just going to be accelerated. another 32 million is just an exchange. not exactly. it will have to be returned eventually. the market had already priced in a big reserve. when the numbers came in, oil prices fell as we saw. francine: when you look at the money that you save from the eventually thetic reserve, how much does it help consumers? >> we have seen some analysis that says about 10 cents a gallon could be saved from this. but a lot of this depend on how opec responds. if saudi arabia is

we are the one who, the 2nd 554 that says 10 south korea has the longest working hours in the developed world. hard work transformed these country from a war torn japanese colony into the world 10th largest economy in just a few generations. leaders promised the people that their sacrifices would pay off . the children would reap the rewards. but many koreans say they steal, paying the cost. death by overwork is so common. there's a word for it. clarissa. good. 2 0. 7 0, okay, delivery work is stage a rally in downtown sold in january the she logistics companies a great to hi and you stop to sol parcels to reduce working hours, and to stop deliveries after 9 pm. 6 months on union say the promises have not been on it. oh, i hear you, julian. well oh good. okay. yes. so let's go to. 6 the protest comes just days off the yet and now the driver collapsed. on june, the 13th i 48 you wrote father of 2 named him, guam soon suffered a massive brain hemorrhage and fell into a coma. turmalia to who's in scotland. you get the wrong, you know, you know pimlico lease young walk worked side by side.

south korea should be in that, and yet the challenges between japan and south korea have been of longstanding -- you know, longstanding historical challenges. what might you be able to do as an ambassador to japan to help, you know, encourage closer and closer relationships between these two nations that are such great allies of the united states and have so much in common in terms of the threat that they face in the region? >> senator kaine, thank you for the question. i think that japan -- i mean, to be -- japan has a new prime minister and there's a new election. that will also be true in the spring of the coming year in south korea. i think we're both familiar, having run for office, what that does. as a general principle, and this has been articulated by the president, and i've heard him in different situations, when a wore a different hat than mayor, but as chief of staff, i think as it relates to this as a general kind of 10,000 feet, you never want the 20th century to rob us of the opportunities of the 21st century. not that those aren't heartfelt and serious, and they are. one, keepi

so i look forward once again for travel internationally to be able to go to south korea for me and for other adoptees you, when you read adopt writing many adopt these talk about feeling at home and this idea feeling of kinship. specifically, when you're able to walk around and look like everybody else, even though you don't necessarily speak the language and may not have the same cultural background or cultural identity. there is a sense of belonging in ways where growing up and predominately white community is adopted. don't necessarily experience and what about south korean is what they're sort of feelings about this episode and in the history of the country. well, i think as you've seen in coverage surrounding his passing and the funeral, it's very mixed. right. so you see a lot of what activists and others have been saying in terms of the legacy of his close to decade, long presidency or dictatorship and kind of the lingering after facts and reverberations and south korean society. so when thinking about international adoption at that time period, korean children were the largest

like at south korea's pavilion, bursting with lights and technology. so if i scan this image here... i get an augmented reality view of what south korea deems to be the future of mobility. and that includes flying cars. but there is one last emerging global superpower i wanted to see. so this is the china pavilion, and one of the biggest pavilions here, you might have guessed it might be — they definitely don't do things by halves, which explains why every night they do a drones and lights performance outside. here it goes! a brilliantly synchronised, stunning display. i expected nothing less. stay with us, because still to come on the show: i take on one of the world's biggest floating inflatable assault courses... boo! ..and find out how the residents of a very special home here in dubai coped during lockdown last year. the speed with which those things devoured that chicken was unbelievable. the beaches here are one of the many reasons to visit dubai, and as you can see, it is a glorious day, people are enjoying the sun. and i have been told there

this system dropped about a 100 millimeters of rain and south korea. and then we've got this cool pool of air in behind it. so sol, just a high of 2 degrees and same goes for tag oshima, not to on the lot. that's it. susan. ah, step the on the comfort zone for assumptions or challenge. travel to the ends of the earth and further experience the unimaginable of the people who live with stream choice. and i've been involved in quickly thinking child award winning documentary is also a perception witness. on a just oh ah, hello again, the top stories on al jazeera, growing tensions between russia and ukraine are set to dominate a meeting of nato foreign minister. as here as accused moscow of mobilizing tens of thousands of soldiers near its border sees far monitor say there has been a significant increase in fighting and eastern ukraine. the caribbean island nation of barbados has just become a republic after cutting ties with the british monarchy. sandra mason has been sworn in as president, replacing queen elizabeth as head of state a report and australi

the execution that south korea and japan will also join in. how much of an effect will this have on price? a lot of that has to do with a plus -- with the opec+ response. tom: i would note that the 10 year real yield and portly goes through that benchmark of -1.00% to -0.99%. this is what the adults do on a bloomberg terminal. right now, turkish lira on a daily chart is up 3.2 standard deviations. the benchmark is four standard deviations come or you get in the crisis, and that is out at a 13.4x level. so we have quite a move to get to a calculated crisis of 13.48 lira to the dollar. lisa: although if you see such great depreciation of your currency, as a resident of that nation, at what point does sentiment start to act as a check on policy that isn't working to bring down inflation? tom: ben bernanke would say, as would milton friedman and anna schwartz, it is always, and every case, about the banking and financial system which is under stress. that is a good introduction to anastasia amoroso, for years covering eastern europe, and now with

rate hike and south korea. jp morgan goes into damage control, the ceo saying he regrets comments about china's communist party. shery: japan and south korea coming online. brought upside in japanese equities. communication stoxx leading the gains, we are seeing a little bit pressure on utilities as the japanese yen hold at the mid 115 level, still around the lows since march 2017 against the u.s. dollar. we are watching jgb, they fell ahead of a 40 year auction today, watching that very closely as we get japan issuing 192 nguyen dollars in bonds. we are also watching shinsei bank because we have heard them canceling a shareholder vote on a poison pill defense against the takeover bid. we are seeing upside of about 6/10 of 1%. the big news of the day is the bank of korea, take a look at the kospi. this as we already have two sessions of losses for korean stocks, energy and financials leading the declines and weighing on the index. the bank of korea expected to hike 25 basis points to 1%, given all of the inflat

of course, south korea has a lot of other mega hits. for south korea, the exports may be enough. anchor: at does it. -- that does it. my colleague david westin is next with wall street week. as we all await the announcement from the federal reserve or from the administration on who will lead the federal reserve. i'm caroline hyde. this is bloomberg. moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. david: was a week with a little bit of everything. this is bloomberg wall street week. i am david westin. the question of inflation and what we might not be thinking about. >> the desire to maintain credibility when you have made a big mistake is the source of data festers that we have had. david: a continuing c

support would be united states of china. japan, south korea are strategic allies of the u. s. is, is the most important partner and britain. now press the out of the you also see close relationships with the united states. so this is, this is the symbolic. joining for them, all of an actual additions are supplied. none of them will bring anywhere near as much was the market as the us have done. and it shows that it last via, as i said earlier, program a domestic effort to, to use pump prices in the us rather. ready than the global connected you mentioned before, the date, international energy authority and its position in this. if i understand it correctly, it's going to rule that says countries cannot release strategic or reserves for anything other than crisis situations is we sort of alluded to before, but its rules also say that the i e a can't get involved if it might affect market prices, one kind of begs the question, what is the point of the i e a in a situation like this? well, the, i 8 is the, is the agency off the, off the o e c d countries? and then yes, there a

k. china, japan, south korea, m india, will tap into their strategic oil reserves. also calls for c foreign ethiopia. video shows thousands of government troops being held as prisoners of war by to grime, rebels, and mining, and the democratic republic of congo is a dangerous job will tell you about the push to make things safer. ah, welcome to the program. nasa has lost a spacecraft that's going to deliberately smash into an asteroid. scientists hope that they can alter its course by colliding with it. it's a test run in case a giant space rock needs to be redirected away from earth. laura bird manley has more 321. the dart mission could one day safety earth. nasa would deliberately cruise the spacecraft into an unsuspecting rocker who die more person. the aim to find out what it would take to stop a large asteroid from one day, crushing into the earth and devastating the planet. uh, we're gonna bump into a desk and off i call. i get off stadium sized in our like soccer, stadium sized asteroids that do it. that is in orbit around a body that is about 5 times larger

{131 received in south korea, the home market?— received in south korea, the home market? of course, i do believe it— home market? of course, i do believe it is _ home market? of course, i do believe it is mostly _ home market? of course, i do believe it is mostly positive. i believe it is mostly positive. there are always ramifications with something that is as globally culturally significant as this. i know that a south korean broadband company was suing netflix at one point for the surge in traffic but the response has generally been very positive. i response has generally been very positive-— response has generally been very positive. i don't want you to cive very positive. i don't want you to give away _ very positive. i don't want you to give away and _ very positive. i don't want you to give away and they - very positive. i don't want you to give away and they don't i to give away and they don't know whether you can give away any of the spoilers from what we should expect out of the second season, and perhaps there are many people watching as well who haven't se

and two of them poland and south korea's hang on, we can sign up south korea's hang on, we can sign up to— south korea's hang on, we can sign up to this _ south korea's hang on, we can sign up to this and we signed up to something very different. they see themselves — something very different. they see themselves as _ something very different. they see themselves as developing - something very different. they see i themselves as developing countries. exactly. i absolutely don't deny that those things have a role was up but i that those things have a role was up but i think— that those things have a role was up but i think the government believed its own— but i think the government believed its own slogan of cash, cars, trees and coal— its own slogan of cash, cars, trees and coal that that would sort the omissions — and coal that that would sort the omissions gap. there was a report again— omissions gap. there was a report again today— omissions gap. there was a report again today which said it makes a difference — again today which said it makes a difference but it's

. >> i just made my first trip to japan and south korea. i have to tell you, what i am hearing is very different from what you described. i am hearing deep satisfaction with the united states -- that the united states is back and reengaged. i am also hearing deep concern about some of the actions for government has taken. >> china, as it has in the past and from now on, will never accept the u.s.' winning this criticisms. must a to the u.s. drops its frequent hegemonic actions of interfering with chinese internal affairs. >> i want to ask victor about this because we had strong words from the u.s., but also strong words from china. that is unusual. i have heard under president xi, there is assessment of that policy being described as aggressive diplomacy. china was no longer going to take criticism, but essentially take the fight to those who are opposed to it. now we are seeing a change. it is a suggestion that china has become concerned that that policy has overreached the mark and brought it closer to risky confrontation with the u.s. an

in fact, we have some restrictions being put in already here in south korea. it was going to be in a couple of weeks, we would decide whether or not to go phase ii. i spoke to the national institutes of health, and one of the main things they dmneed to is get boosters to many people over the age of 60 faster. that is what we're seeing around the world. the booster shots for some of these countries that have been lucky enough to have two shots already are really necessary as that efficacy is waning in the vaccines. now, there has been criticism from south africa, at what they consider a knee-jerk reaction, draconian rules that they're saying, as well, that people are saying they are shutting down their borders. but we have been hearing from officials, they're just trying to buy some time, so they can figure out kbthis variant is. this shutting down borders for certain countries. i think we are understanding now that is already in many more countries. so they're just trying to buy time to figure out what they're dealing with. kim? >> thanks so much, paula hancoc

here in south korea, it was very similar, four weeks ago, they eased curfews on certain businesses. more people could gather, even if they were unvaccinated in some cases, but now we are expecting potentially these eased restrictions to be walked back. what south korea has done, which is what many countries have done, is to ban travel eight southern african countries, even korean nationals that are coming in from that country will have to quarantine in a government facility for ten days. they're also suspending the visa system. and we saw something very similar in australia, as well. in fact, it was a very sudden decision in australia to introduce quarantine for those who were coming in from certain countries. some landing in australia, and then realizing that they had to undergo a quarantine they weren't prepared for. so certainly, this is a very fast-moving situation for all countries now, trying to give their borders a chance, trying to give their citizens some protection. but of course, the worry is, is that this may already be more widespread than is believed at this point. aus

and south korea held a five day joint air defense exercise. the south korean finance minister appeared in front of the -- appears in front of the parliament budget committee in the coming hours. in japan, a broad easement of covid border control measures allowing in students and business travelers. we are watching should say bank after -- shinsei. softbank groups announced its second-quarter results after the bell in tokyo. haidi: we are joined by our asia tech reporter in tokyo. what are we watching for? >> these days, softbank earnings are all about the vision fund, there humongous investment arm. the last quarter has not been great for softbank. record quarter after record quarter, three back-to-back. we have seen a slump in the past quarter. this one, we are expecting the results to be read because softbank has a large portfolio of public shares that include uber, doordash. pretty much across the board and those numbers are red. analysts are estimating the company will lose around 18 billion in unrealized losses on the public portfolio. th

korea. the united kingdom says it will allow oil companies to voluntarily release their reserves to help supply. biden is also cracking down on gas companies who have been enjoying lower oil prices in recent weeks, but not passing savings on to americans. that's why bash the federal trade commission to consider whether potentially illegal now competitive behavior in the oil and gas industry is causing at higher prices for consumers. the button ministration touts clean energy as an alternative to costly fossil fuels, but the u. s. infrastructure is nowhere near ready to achieve that goal. my effort to combat climate change is not raising the price of gas. all eyes will now be on opec plus countries, which include saudi arabia, other gulf nations, and russia. they must decide now how to respond to this latest move. there is a big risk for them if they get the production numbers up too high, because they're not sure what economic underline economic growth looks like. a fight for control of the

from a newly built vantage point in south korea, we get a view of north korea's vital harvest. for hours they bale rice, carrying it by hand to a tractor. within the last few months, we have heard that humanitarian aid has finally made it into north korea for the first time since january last year. some trade has also resumed with china, this will help north korea through its current crisis but the country is facing a much longer term problem — it's incredibly vulnerable to climate change. last year's typhoons and floods were disastrous, and has put north korea's food supply in a perilous state. but there are some studies which suggest things will only get worse. rice and maize yield failures will become more likely along the western coastline. which is north korea's historical breadbasket. in particular, north korea will struggle to supply historical quantities of rice. this will be caused by both increased droughts, and also significant intensification of extreme rainfall. this is what kim jong—un wants the world to see. a strong nuclear power, not a vulnerable population

we're between china and japan, in the southernmost point of south korea, just an hour away from seoul by plane. we're on the island of jeju. jeju is korea's favorite vacation spot. the koreans from the mainland come for the mountains and the beaches. they also come to relax and to get away from the hustle and bustle of the big cities. some of them even stay. they fall in love with the place and they fall

shery: breaking out of south korea right now. we are seeing exports for the month of november rising 32.1%. this is much higher than estimates of 27% gains year on year. it comes to the import number, 43 .6% gain year on year, which is higher than the expected 39%, leaving a trade surplus that has widened to $3 billion of the estimate was only for 2 billion. not surprising -- to $3 billion. the estimate was only for 2 billion. the question is, what happens now given the variant and the base of comparison becomes less favorable. exports rising 32% year on year for the month of november. take a look at the markets because we are seeing a rebound for korean stocks gaining 8/10 of 1%. this after erasing all of the gains for this year. it was down about 14% from the july record high. given the uncertainty around the world. we are seeing the korean yuan gaining against the u.s. dollar. this as we have seen strength in the korean yuan this week. take a look at japan because it is a rebound of a quarter percent. this putting the context

and and turning to south korea. and ahead of that. losing ground. and just a little bit of against the green back this morning and this as we digest the latest. and people return to the job market. and bounce back and and while we are seeing bonds just ahead of jobs at the bottom of the hour. the australian dollar that is goldman top trades. and the bank has lowered 2022 for china to 4.8% and i see to deliver it and the rest of asia and china's inflation data. >> europe and japan and u.b.s. wealth management. that's not the case with japan and the inflation so long, how viable are these calls when you have prices continuing to rise? >> we think -- if you take covid out for a moment in previous cycles and fairly familiar pattern but the u.s. >> and they rotate. and boasts for japan europe. and have been slow in the opening much slower in the u.s. and even july. and europe can open more. and what it means they have the basis easier in the u.s. markets. and there is the opportunity to catch up. >> all we have seen recently and what does it do to these

if you get places like south korea, they have been through mers and have seen the failure from the government standpoint. right away they listed the private sector and pulled them from their lunar new year celebration and said get here right now we need you to get on top of this. so they set up testing with the private sector health right away. a tiny company putting one.4 million test out in a short period of time. and we had the government bureaucracy with the labs that needed testing. and with the's emergency use ceauthorization's if there was redtape in so in the beginning the only entity that had testing was the cdc so they had to ration because they had their rules. so they were desperate they wanted to come in you know how to do this and adjust for so long. that's on something you typically see in the free market so it was a huge head scratcher with the ppe we made a hugee donation get all of these companies to round out ppe and then sign on —- send it to china instead of stockpiling for ourselves and then said this would be a problem. and then the government pushback whether labs ar