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Why South Korea's president declared martial law
President Yoon had said that the reason for this is that the opposition is supporting North Korea and that there are North Korean forces that have been infiltrating the South Korean opposition. It is true that this opposition, this is by the way the ruling party in parliament, supports the "Sunshine Policy" and Yoon's government is hard line on North Kore. But there's no evidence of any North Korean infiltration or involvement. What there is evidence of is that President Yoon is incredibly unpopular. Lots of corruption scandals around his family, around his government, approval ratings in the 20s, which is pretty much the lowest you'll see of any advanced industrial democracy today. Though there are a number of countries that are trying to give him a hard run for it.
The opposition party, the ruling party in parliament, has been pushing really hard to make his life miserable. They have investigated his wife. They've tried to impeach a number of cabinet officials. They're refusing to pass the budget and apparently he just couldn't take it anymore. I'll tell you, nobody expected it. Aside from the military leaders that he coordinated with, senior government officials were shocked by the move. Our parliamentarians were shocked by the move. This isn't like January 8th in Brazil where it was clear that Bolsonaro was going to do everything he could try to overturn the elections. Just as it was clear January 6th in the United States that Trump was going to do everything he could to overturn election.
This is a very different situation. This was a very sudden move. It is perfectly legal to declare martial law, but you have to actually pre-notify the National Assembly, which he did not do, so it wasn't done legally. You also need 151 lawmakers to approve martial law within 72 hours. That isn't going to happen. The next thing that's very likely to occur are lots of demonstrations and it's very hard to imagine that the military would violently break them up. This isn't Pakistan. And we also saw an emergency session that they got a majority for of National Assembly lawmakers that all 190 voted to end this. So I think what's going to happen is President Yoon is going to wake up tomorrow with a really bad hangover, certainly a political one, maybe others too, and going to realize that he did something incredibly stupid, overreached, and has destroyed any remaining legacy that he might have had.
South Korea's going to remain a democracy. This coup will be very short-lived. I'd be surprised if outside of South Korea we're talking much about it in coming weeks. But it is important. It's important because South Korea is an ally of the United States. It now has a robust relationship with Japan. In fact, the tripartite agreement brokered by Biden at Camp David was arguably his greatest foreign policy success. The equivalent of the Abraham Accords by the Trump administration. And the right-wing Yoon is particularly aligned with Japan and the Japan's LDP Party as well as with the Americans and certainly would be with incoming President-elect Trump. So in that regard, the US is going to have a hard time being overtly critical. They won't want to because, as unhinged as he is, he is a strong ally.
And an incoming administration, if he's now assumingly going to be impeached and probably end up in prison, is not going to be as aligned with the United States or Japan going forward would also lead to a softer policy towards North Korea. So I do think it matters geopolitically long-term, but the coup itself is not something that is going to be sticking around. So I think we still have a democracy in South Korea. We'll watch this unfold and I'll talk to you all real soon.
A logo of the autonomous driving technology startup Pony.ai is seen on a screen during an event in Beijing, China, in 2021.
Hard Numbers: Pony time, Book deals, ByteDance sues an intern, Japan’s investment, Your death clock is ticking
13: Pony AI, a Chinese robotaxi company debuted on the Nasdaq stock exchange, the latest Chinese tech company to enter the US public markets. The company issued an initial public offering at $13 per share on Nov. 27 about two years after China started a high-profile crackdown on its companies listing on US markets. It raised $260 million during its IPO, with Bloomberg remarking that it signaled “strong investor interest” in the company.
8,000: A venture-backed startup named Spines plans to publish 8,000 books next year, charging authors $1,200–$5,000 for the production process, including AI-assisted proofreading, design, and distribution. While Spines says it can offer opportunities to would-be writers and save them weeks of labor, traditional publishing houses have criticized the startup for trying to make money off of these writers with technology that makes many in the industry uncomfortable.
1.1 million: ByteDance, the Chinese company that owns TikTok, is suing a former intern in a Beijing court for $1.1 million, alleging that the intern deliberately sabotaged its generative AI training model by manipulating and modifying its code. The company said, however, that rumors that it lost millions of dollars and thousands of powerful graphics processors were exaggerated.
9.9 billion: The Japanese government is earmarking an extra $9.9 billion for its semiconductor and artificial intelligence ambitions. Some of that money will likely go to Rapidus, the homegrown chipmaking initiative that’s been heavily funded by the Japanese government, which aims to achieve mass production by 2027.
1,200: Want to know when you’ll die? Death Clock, an AI-powered longevity app trained on 1,200 life expectancy studies with 53 million participants, promises to tell users exactly when they’re going to perish. The app costs $40 a year and suggests lifestyle changes to users so they can delay their ticking countdown.
Oil tanker SCF Primorye, owned by Russian state shipping company Sovcomflot, transits the Bosphorus in Istanbul, Turkey, April 29, 2024.
Hard Numbers: Russia’s oil slump, South Africa mine rescue, Somaliland opposition wins election, Japan buys out workers
3.28 million: Russian exports of crude oil fell to an average of 3.28 million barrels per day in the four weeks leading up to Nov. 17, with shipments from western ports mostly serving Turkey and India falling by nearly 30%. Russia has been trying to restrict flows of oil in coordination with OPEC standards to buoy prices and has pledged further production cuts between March and September of next year.
350: South African authorities are mulling whether to try rescuing at least 350 illegal miners who are hiding in underground shafts at the Stilfontein mine to the southwest of Johannesburg. The miners have remained underground to avoid arrest amid a crackdown on artisanal mining, which is often controlled by gangs. A court order on Monday instructed police to allow those within the mine to leave. Locals say there may be as many as 4,000 miners in the shaft, and authorities are not sure it is safe to send a mission. Some miners have emerged looking frail and malnourished.
63.92: The opposition leader of Somaliland, Abdirahman Mohamed Abdullahu — better known as “Irro” — won the presidency of the quasi-independent state with 63.92% of the vote, a clear mandate over incumbent Muse Bihi. Irro is promising to boost economic opportunities in Somaliland, especially for women, and hopes to persuade incoming US President Donald Trump to recognize his government independently of Somalia.
9,219: Over four dozen of Japan’s largest companies have paid out 9,219 employees with early retirement and voluntary severance in 2024, roughly triple last year’s numbers. Japanese corporations are historically very reluctant to fire workers, but the yen’s weakness and sluggish growth are forcing companies to streamline with buyouts.President Joe Biden, South Korea's President Yoon Suk Yeol, and Japan's Prime Minister Shigeru Ishiba participate in a trilateral meeting at the Asia-Pacific Economic Cooperation summit in Lima, Peru, on Nov. 15, 2024.
Japan, US, South Korea unite against North Korea-Russia Pact
The next day, Japan’s foreign minister, Takeshi Iwaya, met his Ukrainian counterpart, Andrii Sybiha, in Kyiv, to reaffirm Tokyo’s support for Ukraine and discuss further sanctions against Russia. Sybiha accused Pyongyang of feeding Moscow’s war machine in exchange for access to Russian military program, including missiles and nuclear weapons. Then on Sunday, Japan announced it will begin holding regular joint exercises with US troops in Australia starting in 2025, as those three countries strengthen their security ties amid growing threats from China.
What Russia and North Korea gain from defense treaty
Ian Bremmer shares his insights on global politics this week on World In :60.
North Korea ratified a major defense treaty with Russia. What do both sides hope to gain?
Well, the North Koreans really want mutual defense. They are helping the Russians out in their time of need, sending a whole bunch of troops, things that the North Koreans have in surplus and don't really value and the Russians can really use right now. And they would love to see Russian troops in North Korea. They'd love to see that appear as mutual defense and give the North Koreans a lot more leverage so they are not forced to be supplicants in Beijing, and they can also be more assertive versus South Korea, Japan, and others. This is a major escalation in this war and a big problem geopolitically.
The Russians, of course, are just looking for more troops, more ammunition, more ability to fight, and they are in a much, much stronger position to get terms that they want from the United States and from the Ukrainians. Especially now that the US has elected somebody that says he really, really wants to end the war. Putin will be like, "Okay, but here are the things that I need if you want me to end the war." Trump's incented to give him a lot more of those than almost anybody in NATO right now.
Japan's PM survived a rare parliamentary vote. How will he tackle the country's sluggish economy?
Well, he is saying that he's going to do a lot more stimulus, and so basically blow out the budget. Exactly, not where he has been historically. Japan's economy is pretty flat. Interest rates are close to zero, though they've been pushing them up a bit, historically surprising, recently. It's not like companies are all itching to get into Japan. Their demography is falling apart, and most people are pushing their production elsewhere, so including Japanese companies. So it's a real challenge, and Ishiba is going to be there maybe for a year. This is a very weak LDP coalition government.
What do I expect to come from COP29, the new climate summit happening in Baku?
Well, the Americans are attending with their knees cut off because Trump is going to be president in a couple months and he will pull the Americans out of the Paris Climate Accord once again. The trajectory on post-carbon investment and the prices coming down at scale for the Americans and for everyone in the world is already way too well-developed to pull back, and that's a good thing. But the US is going to be focused more on additional permitting and for oil and gas and production increases. Even beyond the record levels that they are right now under the Biden administration. They'll go further.
And so it's really, the Americans are going to be pretty marginalized at this summit, and the Chinese are driving the bus. They're producing a lot more coal, of course, but at the same time, they're also producing a hell of a lot more post-carbon renewables at global levels. In other words, China's doing at global scale what Texas is doing in the United States. And that is making them much more important as decision-makers.
Art made by humanoid robot sells for $1 million at auction.
Hard Numbers: Meet the robot painter, Saudi money, Japan’s billions, the CHIPS Act wrap-up, Where’s the AI-generated beef?
100 billion: A new Saudi state initiative called “Project Transcendence” will devote $100 billion to invest in data centers, startups, and infrastructure to boost the country’s domestic AI sector. It’s part of an ongoing effort to diversify the oil-rich nation’s economy while also competing with neighboring United Arab Emirates.
$65 billion: Japanese Prime Minister Shigeru Ishiba announced he’ll devote $65 billion to the country’s artificial intelligence and semiconductor sectors over the next decade. TSMC recently opened a plant in Kumamoto, and Ishiba said he wants that investment to inspire future innovation in the country.
10 million: The Biden administration is planning on finalizing the last CHIPS Act awards — the semiconductor industry spending program that’s given millions to US and foreign companies to build in America. The final awards will reportedly go to TSMC, GlobalFoundries, and one other still-unknown chipmaker, each worth $10 million or more, as Biden pushes to wrap up the program before Donald Trump and his new Congress come in and potentially repeal the CHIPS Act in favor of a tariff-focused economic plan.
$1: The $1 Frosty deal at Wendy’s is a fast-food staple. But now the company is partnering with Palantir — the AI firm known for its military and defense contracts — to improve its supply chain and inventory management. One successful use case has been making sure that when Wendy’s offers the $1 Frosty promotion it can keep pace with surging demand.
Rahm Emanuel & Ian Bremmer discuss the challenges facing US democracy
Click to watch Ian Bremmer’s analysis and his full 2024 "State of the World" speech.
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June 16, 2023 - Paris, France: Saudi Arabia s crown prince Mohammed Bin Salman arrives at the Elysee palace for his meeting with French President Emmanuel Macron.
Hard Numbers: Aramco invests, Japan frets, Perplexity gets popular — and sued, UK sentences man in deepfake case
25: When surveyed, only 25% of Japanese respondents said that AI makes them nervous — the lowest mark of any of the 32 countries that Ipsos polled recently. But the country has been very slow to adopt AI or lean fully into its research. Stanford’s count of the “foundation models” for generative AI found that 182 of them originated in the United States, while none originated in Japan. The country is open to AI, but its tech sector just isn’t diving in yet.
350 million: Perplexity is an ascendant AI search engine — it fielded 350 million user queries in September alone. That’s a big uptick considering users asked only 500 million questions in all of 2023. As it’s grown, the company has come under fire from news publishers. Dow Jones, which publishes the Wall Street Journal, sued Perplexity last week alleging copyright violations. In response, Perplexity CEO Aravind Srinivas said he won’t pay to license content from news publishers but is discussing a revenue-sharing agreement similar to how Spotify pays musical artists.
18: In a landmark court decision, a judge in the United Kingdom sentenced a 27-year-old man to 18 years in prison for using AI to create child sexual abuse material. The man pleaded guilty to using a US-based service called Daz 3D to transform real photos of children into explicit deepfakes in violation of British law.