Recently, the argument that South Korea's economy is in recession has been widely discussed. Danielle, a female blogger who claims to have married South Korea, offers a unique insight into this, arguing that South Korea has not really experienced a boom, but a false boom.
Danielle pointed out that Korean society has always been deformed and has never really flourished. In contrast, Japan once enjoyed real prosperity and a prosperous people. Even in the best years of South Korea's economy, wealth was still monopolized by big chaebols, and ordinary people lived in hardship.
In the case of the Korean group, for example, a large number of the families of the members of the Korean group in the past were in the predicament of bankruptcy and debt repayment, which reflects the fact that the lives of the people at the bottom of the Korean population did not improve significantly during the so-called prosperity period. Danielle argues that the chaebol and its employees have gained most of their wealth, causing many South Korean students to despair from being able to get into prestigious universities.
In addition, the authenticity of the so-called rich second generation in the Korean entertainment industry has also been questioned, and many seemingly wealthy families are actually barely able to maintain a superficially decent life. Although South Korea had a glorious period in the semiconductor and entertainment industries, the Korean economy fell into a false boom as the semiconductor market shrank and the entertainment industry fell.
Taken together, South Korea's so-called recession is more like the end of a false boom than a real setback in development. This view has led to deep reflection on the real state of Korean society.