![]() ![]() Korea’s present is a scary mix of record household debt, stagnant wages and sky-high property prices. Its premise of highly indebted people playing deadly children’s games to win a fortune can feel, for many, too on the nose. Much has been made about how Squid Game really captures the economic zeitgeist. National Assembly on in Seoul, South Korea. South Korea's President Moon Jae-In takes the oath during his presidential inauguration ceremony at. But there’s a reason why Korea’s millennials and Generation Z voters are so disillusioned. His team projected lots of ideas and happy talk. Since 2017, though, he put few notable reforms on the big screen. So much so that she was impeached-and now sits in jail-as part of a bribery scandal that also felled Samsung heir Lee Jae-yong.Įnter Moon to change the storyline. Sadly, Park saw the magnitude of the task and opted to stick with the family-run corporate behemoths. That meant altering tax dynamics in favor of startups and fostering a “creative economy” spirit among twentysomethings. Moon’s predecessor Park Geun-hye took office in 2013 pledging to “democratize” growth. Sure, Korea boasts a more vibrant startup scene than aging, change-averse Japan. Just as movie studios prioritize sure, but formulaic, hits - The Avengers, Spider-Man, etc.-Korea for too long gave short shrift to the small-to-midsize enterprises that could drive innovation and productivity gains. ![]()
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