Kwon routinely went to school at 8am, not returning home until 11pm.īut, despite all those years of study and hard work, South Koreans under 40 face daunting economic challenges. Kwon said the education system in particular - especially since the 1970s - was very tough on Korea’s kids. But all that compressed capitalism made everything a little crazy.” “That eagerness to have a better life led them to do everything they could. “South Koreans were so eager to have better times because we had to go through such hard times,” Jinah Kwon, a lecturer at the Graduate School of International Studies at Korea University told The Post. In 1953, more than half the population of South Korea lived in abject poverty and more than half were illiterate.īut by the end of 1996, the country had become the 29th member country of the OECD, which is made up of advanced countries.īut South Koreans, especially Millennials and the even younger generation, paid a price for such rapid growth in such a short amount of time, experts say.
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Analysts of both South and North Korea told The Post the series illustrates the flip side of the so-called “Miracle on the Han River” – the astonishing rise of the South Korean economy since the end of the Korean War. “I don’t ask but I tell him ‘no more money’.”Īngela said she hasn’t seen Squid Game, the number one show on Netflix and a cultural juggernaut that shines a hard, if metaphorical, light on South Korea’s high cost of living – and the massive credit card debt and shame that goes along with it.Įarlier this month, Squid Game creator Hwang Dong-hyuk confirmed he will make a second season.īut Squid Game didn’t come out of thin air. She said she doesn’t know if he has credit card debt. She was less forthcoming about her son, but said he lived above his means in a way that was foreign to her. She’s hesitant to give details - and even asks that an alias be used rather than the American name she’s known as in the salon - but told the New York Post she disapproved of the expensive handbags, makeup and clothes she found out her married daughter was buying. She still sends money to her older sister - but stopped giving funds to her son and daughter, both in their early 30s, about three years ago. Angela, a 62-year-old owner of a New York nail salon, used to send some of her earnings back to some of her relatives in Seoul.