May 6th Qingqiao News | South Korea's credit card default rate soars to a ten-year high-清桥资讯-清桥国际安保集团

May 6th Qingqiao News | South Korea's credit card default rate soars to a ten-year high

Release time：2025-05-06 Source: Qingqiao Number of views：

good morning

Those who are good at building will not pull out, and those who are good at holding will not take off

Today in history:185 years ago, the world's first postage stamp, "Black Penny," was born in England. This stamp, worth only one penny, with its intricate perforations and uniform postage standards, transforms correspondence from the privilege of nobility to the everyday life of the masses. When we stand at the top of the wave of the digital age, looking back at the cultural rituals represented by black pence - the focus of writing with ink, the solemnity of sealing letters, and the unique expectations and imagination of waiting for echoes. In today's world where instant messaging has eliminated the distance of time and space, we have achieved unprecedented information transmission speed, but we are also losing the depth of thinking that was accumulated in the era of letters.

Political Dynamics

01New Zealand will introduce new regulations on space infrastructure

New Zealand announced that it will implement new legislation targeting ground space infrastructure operators in July, aimed at preventing foreign intervention. The new regulations apply to fields such as spacecraft tracking, space surveillance, and data transmission, requiring operators to establish a security protection system.

Qingqiao's viewpoint:

The Otago Peninsula and Canterbury region on the South Island of New Zealand are located at mid latitudes in the southern hemisphere, with excellent satellite coverage angles, and have become strategic nodes in the international space monitoring network. The European Space Agency (ESA) has a deep space tracking station here, while the US private space company Rocket Lab uses it as its main launch base.
In 2022, the size of New Zealand's space economy grew by 23% year-on-year, but foreign controlled space infrastructure accounted for 41%, causing security concerns.
Space should have transcended territorial thinking, but now it is replaying the game on Earth. When civilian space facilities are shackled with safety measures, the lofty ideal of human exploration of the stars is being constrained by the gravity of geopolitics.

Military strategy and tactics

01North Korea confirms sending troops to Russia to participate in the Russo Ukrainian War

The North Korean government has for the first time acknowledged sending troops to Russia to participate in the Russo Ukrainian War, citing Article 4 of the Comprehensive Strategic Partnership Treaty signed in June 2024, which stipulates that if either party is subjected to a joint military attack by multiple countries and enters a state of war, the other party must provide "comprehensive military support". The Russian Ministry of Defense also confirmed for the first time that the North Korean military assisted the Russian military in successfully recapturing part of the territory of Kursk Oblast, and emphasized that the two countries have formed a "de facto military alliance".

Qingqiao's viewpoint:

Kursk Oblast is located in southwestern Russia, bordering Sumy Oblast and Chernihiv Oblast of Ukraine, and is an important hub connecting mainland Russia with the eastern battlefield of Ukraine. The capital city of Kursk is only about 90 kilometers away from the Ukrainian border and is a key logistics supply hub for the Russian military.
North Korea implements "contractual participation" based on bilateral treaties, alienating defensive clauses into offensive tools. This not only challenges the current international military alliance system, but also gives rise to a new form of warfare called "outsourced corps". This "third-party organized participation" model marks a new abyss of proxy warfare in modern warfare, reshaping the rules of conflict in the 21st century and turning military alliances into tools for legitimizing the war machine.

Economic Observation

01South Korea's credit card default rate soars to a decade high

The latest data from the South Korean Financial Supervisory Agency shows that the default rate of credit cards overdue for more than 90 days has exceeded 3.2%, reaching a new high since 2013.

Qingqiao's viewpoint:

After the 1997 financial crisis, South Korea completed half a century of financial deepening in developed countries within a generation. The credit card penetration rate soared from 0.3 cards per person in 1999 to 4.6 cards per person in 2023, and the household credit/GDP ratio reached 104.7%, surpassing the pre subprime crisis level in the United States. This crisis of 'compressed modernization' is continuing to spread from the financial system to social stability: the number of personal bankruptcy applications will surge by 67% year-on-year.

safety warning

01Japan revises laws to strengthen cycling management

The Japanese Diet recently passed an amendment to the Road Traffic Law, significantly expanding the list of cycling violations from the original 20 to over 100, and supporting a tiered fine system. This so-called 'strictest cycling regulation in history' has sparked widespread discussion in society. This includes using mobile phones while cycling, running red lights, wearing headphones, etc.

Qingqiao's viewpoint:

Since the outbreak of the epidemic, the number of people commuting by bicycle in Japan has surged by 40%, leading to a 65% year-on-year increase in cycling violations.
This reform is essentially testing the precise scale of modern social governance. When the law begins to regulate micro behaviors such as "headphone decibel levels", we need to be vigilant: is technological governance replacing citizen self-discipline? From another perspective, this reform also prompts the public to think about finding the perfect balance between bicycle lane width and freedom limits.

Financial News

The US dollar spot index fell by 0.5%, with a cumulative decline of nearly 7% for the year.

Qingqiao's viewpoint:

The 7% decline in the US Dollar Index (DXY) this year is not an ordinary fluctuation, but a clear manifestation of the deep changes in the global monetary system. When the United States transformed the SWIFT system into a sanction tool, it objectively accelerated the deconstruction process of the unipolar currency system. The SPFS system established by Russia has been connected to 52 countries, and the proportion of RMB cross-border payments has risen to 3.2%.

Today's Sharp Review

Laozi once said, 'Those who are good at building will not be pulled out, and those who are good at holding will not be taken off.' However, looking at the current situation, Taoism has already caused the world to crack. New Zealand built a space security wall, North Korea and Russia fought in the name of a treaty, South Korea's credit foam exposed the disadvantages of rapid development, and the decline of US dollar hegemony confirmed the loss of credit overdraft; The new regulations on cycling in Japan include behavior in quantitative management. All of this has lost its essence and pursued its end, neglecting its essence and serving its purpose. The way of civilization evolution is to follow the example of ancient cypress trees facing the wind: its roots are intertwined, so it can withstand frost and snow and become even stronger; The competition of new branches on it is to endure rain and dew and remain evergreen. Establishing rules and regulations, the value lies in obtaining the harmony between heaven and earth; To uphold the Way and keep the truth, one must have a reverence for the people.

Previous
May 5th Qingqiao News | Trump's 100th day in office, lowest approval rating in 80 years

Next
On May 7th, Qingqiao News reported that global military spending has increased to approximately $2.72 trillion

HOME

Qingqiao Culture

Business Bridge

Southeast Asia University

Qingqiao ultimate

G5687

Qingqiao Security

About Qingqiao

contact us

Service number

G5687