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Unemployment/underemployment has been a huge problem in S. Korea for a long time such that a college graduate getting a career track job (any like Police officer, government worker, job in a chaebol, etc) is a cause for celebration.

One thing Americans might fall into thinking is that they poor family in the movie is similar to welfare queens in US. Afaik, there isn't enough support for one to live as a welfare queen in S. Korea.

Another different factor is Jeonse. In S. Korean real estate rental market, monthly rent is rare. Most are rented out as Jeonse. With Jeonse, instead of paying monthly rent, a renter will make a lump-sum deposit on a rental space, at anywhere from 50% to 80% of the market value.

This allow a poor family to have relatively secure housing (although it would be undesirable) while having no money for other essentials.



With interest rates that have been divided by 4-5x in the last 15 years, small deposits and monthly rents aren't that rare anymore.

I'm not sure how it affects the poorest families, I imagine that you can stay in a decrepit "villa" on jeonse alone for many years. More often than not, real-estate loses value and it might not be in the landlord's interest to kick you out.

But in recent years there are definitely a lot of lower-income families that bought property and got out of jeonse, since it makes no sense anymore.




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