I warmly welcome the Republic of Korea's transition to becoming a normal nation.
These days, Korean culture and food are incredibly popular. As a Korean, I feel proud.
Many foreigners say that Korea is a safe and comfortable country to live in. I agree.
However, it has had two fatal flaws. One is real estate and the other is retirement pensions.
Housing is the most important issue in a person's life. If housing is unstable, other small benefits or advantages are meaningless. Unfortunately, Korean real estate has long been a lucrative target for speculators.
For young people today, saving their salaries to buy a house is as difficult as winning the lottery.
This is a major cause of Korea's rapidly aging population, the world's fastest.
Housing is where people live, but it has become a venue for speculation, causing significant harm to those seeking real estate.
It may be a little late, but fortunately, someone has emerged who has solved this problem faster than any previous president.
If he solves this devastating real estate problem, he will go down in history as the greatest Korean president. These days, I live for the joy of watching the news. I find joy in seeing far-right extremists, who used to make illicit profits from real estate and laugh wickedly, excitedly leaving comments on news stories. It makes me root for the president even more. Far-right extremists are even claiming, out of the blue, that the Chinese interfered in the Korean election. It's truly absurd. With so many CCTV cameras and so many observers, it's absurd that election fraud could occur. That's something that only happens in developing countries in the Third World.
A similar example of real estate is our neighboring country, Japan. Japan's economy fell into a prolonged recession after the bursting of the real estate bubble in the 1990s. Korea, which was on the same path, has now found a savior.
If the current president's policies are successful, Korea's situation, which is teetering on the edge of a demographic cliff, will improve.
Even with Korea's retirement pension, while seemingly advanced, most people have to work until they die. It's truly a daunting situation. It's extremely rare for seniors to travel abroad with their generous pensions, as they do in other OECD countries. Isn't it common sense that if you work hard when you're young, you should take some time off when you're older? This is why Korea has the world's highest elderly poverty rate. The suicide rate is also high.
I heard that it's nearly impossible to swindle someone out of a house in Germany. That's how it should be. Unfortunately, while Korea is safe at night and has convenient transportation, some people lose a lot of money and commit suicide due to housing fraud. They lose their life savings in an instant. We must break this vicious cycle.
While it's welcome that Korean culture is popular, ordinary citizens rarely benefit from it. Now, the current president is working hard to solve the most important issue. Mr. President! I support you!
Many foreigners say that Korea is a safe and comfortable country to live in. I agree.
However, it has had two fatal flaws. One is real estate and the other is retirement pensions.
Housing is the most important issue in a person's life. If housing is unstable, other small benefits or advantages are meaningless. Unfortunately, Korean real estate has long been a lucrative target for speculators.
For young people today, saving their salaries to buy a house is as difficult as winning the lottery.
This is a major cause of Korea's rapidly aging population, the world's fastest.
Housing is where people live, but it has become a venue for speculation, causing significant harm to those seeking real estate.
It may be a little late, but fortunately, someone has emerged who has solved this problem faster than any previous president.
If he solves this devastating real estate problem, he will go down in history as the greatest Korean president. These days, I live for the joy of watching the news. I find joy in seeing far-right extremists, who used to make illicit profits from real estate and laugh wickedly, excitedly leaving comments on news stories. It makes me root for the president even more. Far-right extremists are even claiming, out of the blue, that the Chinese interfered in the Korean election. It's truly absurd. With so many CCTV cameras and so many observers, it's absurd that election fraud could occur. That's something that only happens in developing countries in the Third World.
A similar example of real estate is our neighboring country, Japan. Japan's economy fell into a prolonged recession after the bursting of the real estate bubble in the 1990s. Korea, which was on the same path, has now found a savior.
If the current president's policies are successful, Korea's situation, which is teetering on the edge of a demographic cliff, will improve.
Even with Korea's retirement pension, while seemingly advanced, most people have to work until they die. It's truly a daunting situation. It's extremely rare for seniors to travel abroad with their generous pensions, as they do in other OECD countries. Isn't it common sense that if you work hard when you're young, you should take some time off when you're older? This is why Korea has the world's highest elderly poverty rate. The suicide rate is also high.
I heard that it's nearly impossible to swindle someone out of a house in Germany. That's how it should be. Unfortunately, while Korea is safe at night and has convenient transportation, some people lose a lot of money and commit suicide due to housing fraud. They lose their life savings in an instant. We must break this vicious cycle.
While it's welcome that Korean culture is popular, ordinary citizens rarely benefit from it. Now, the current president is working hard to solve the most important issue. Mr. President! I support you!
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