In the next four years, 8 million baby boomers born between 1958 to 1963 will retire. This will be about 30% of South Korea’s entire workforce. This generation is also the wealthiest asset holders including real estate and stocks. Once these people retire, there will be a big hole left in the workforce – which will mean a big opportunity for the youth who will need to fill a huge number of empty positions.
It’s often pointed out that 40% of Korean elderly are in poverty. But if you look into the numbers, it shows that it’s the Korean generation that grew up during the Japanese colonial era (1930’s to 1945) and the Korean War. These people were far less educated, and they missed the chance to contribute to the national old-age pension system that only started in 1988. The post-war 1958 to 1963 generation, on the other hand, were better educated, and wealthier because they were able to build up their wealth during Korea’s highest growth stage during the 1980s and 1990s. These people are the middle managers, decision-makers, policymakers, and executives of companies who are now giving up their places. This older generation passing away probably also means the removal of a stubborn set way of doing things which served as a blockage against innovation.
Korea will have a strange mixture of a big shortage of workers, coupled with a shrinking domestic economy as 8 million of the wealthiest people retire due to old age. Once these people start to die off in about 20 to 30 years, Korea will have the greatest wealth transfer period between generations.
Korean Man
8 months ago
A complete price collapse of the Jeju Island condominium project with Chinese characteristics (China real estate money constructed this project in 2012 and left an unfinished ghost concrete town after the 2017 THAAD dispute).
Back in 2012, 99% of those who bought these apartments were Chinese nationals who were given permanent residency.
The prices that once were 600 million won have been valued down to only 140 million won ($103,000 USD), yet still, nobody wants them. This type of environmental eyesores is now dotting all over Jeju island with abandoned constructions by China money.
setnaffa
8 months ago
As the Hong Kong protestor said, “Never trust China. China is asshoe.”
The CCP are okay with polluting ALL of the world. They destroyed their own drinking water, their own beaches, fisheries, etc. Ghost towns of half-finished and tofu-dreg unlivable buildings cover what was once decent farmland.
Communists, or whatever other name you wish to give the CCP are ridiculously bad at managing anything but killing masses of people.
China has polluted its way across Asia into Sri Lanka and much of Sub-Saharan Africa as well. They promise much but but leave half-finished projects, enormous debt, and broken dreams in their wake.
They have been buying houses and farmland across the USA as well. I anticipate we will suffer greatly when they pul the plug.
The Glorious 6th of April sounds like a book I should write.
Hope that you all are happy, healthy, blessed with enough, and not heavily invested in companies doing business in China. Or that your investments are diverse.
If the US wants South Korea to project its military beyond South Korea, why can’t South Korea defend itself with nuclear subs and nuclear missiles? With the limited capability of ROK forces that can’t even sail beyond the Korean peninsula area, what does the US expect South Korea to do?
Last edited 8 months ago by Korean Man
ChickenHead
8 months ago
“South Korea to donate $2.3 Billion to Ukraine.”
That is money well-spent.
Since no amount of money will “win” the war for Ukraine, the only purpose of this donation is to extend the inevitable loss of even more Ukrainian men and territory.
This means there will be a lot of seriously single and seriously fine Ukrainian 20-something girls “looking to meet single guys in Asia”.
Interests include Asian culture, K-pop, and not starving to death is whatever hellscape is left of post-war Ukraine.
Keep up the good work, Korea.
And better keep quiet about underfunding of the national health service and comfort women living in poverty.
setnaffa
8 months ago
I don’t agree 100% with Ayn Rand’s atheism; but this speech is 90% correct. The source of men’s minds is God, not merely their will.
No doubt showing the pro-Russia tendencies of our Trumpster Setnaffarians.
This begs the question of when do the Setnaffarians plan to turn over the United States, lock and stock, to Russia.
Ronald Reagan must be turning in his grave, considering that his old party is selling themselves out to the Russians.
ChickenHead
8 months ago
“This begs the question of when do the Setnaffarians plan to turn over the United States, lock and stock, to Russia.”
Soviet Russia is not today’s Russia…
…unless you want to use that same logic and consider that the Democrats were the party of slavery.
…well… actually still are… but a more insidious type that uses infantilization and creates generational dependence…
…yet has to import Mexicans to get the cotton picked.
Good job, Democrats.
None-the-less, nobody has really made a good case as to why Russia is America’s enemy.
With the fall of communism, they are no longer an ideological threat. A good case could be made that America exporting all the Muslim tranny global warming open border DEI insanity is now the world’s biggest societal danger.
Russia is not an economic threat. They are not competing with American in any meaningful way.
They are not an influential threat on America’s sphere of influence.
…but you know who is?
China.
But let’s only talk about Russia.
…while China spies on our electronics, influences our social media, infests our universities, builds Belt & Road to control countries and resources, and pays off our politicians¹ to allow them to economically take advantage of us.
When people go on about America’s Big Enemy Russia (yet can’t explain how) while they ignore China, it becomes clear they are not serious people.
…or they are seriously looking to damage America.
¹not unlike Ukraine
setnaffa
8 months ago
Come on now, CH…
You can tell a chinabot; but you can’t tell ’em much…
ChickenHead
8 months ago
Some of you are smart.
Read this and share your opinion.
TLDR: There is a clear correlation between the covid vaccine and excess mortality for the exact reasons predicted…
…but it is so small (<3% cancer and ~10% total) that nobody notices (unless you die).
Conclusion: Since so few people are affected, the vast majority will not notice or care… much like those pictures of people with no lower jaw on a pack of cigarettes has zero influence on smoking rates.
In the next four years, 8 million baby boomers born between 1958 to 1963 will retire. This will be about 30% of South Korea’s entire workforce. This generation is also the wealthiest asset holders including real estate and stocks. Once these people retire, there will be a big hole left in the workforce – which will mean a big opportunity for the youth who will need to fill a huge number of empty positions.
It’s often pointed out that 40% of Korean elderly are in poverty. But if you look into the numbers, it shows that it’s the Korean generation that grew up during the Japanese colonial era (1930’s to 1945) and the Korean War. These people were far less educated, and they missed the chance to contribute to the national old-age pension system that only started in 1988. The post-war 1958 to 1963 generation, on the other hand, were better educated, and wealthier because they were able to build up their wealth during Korea’s highest growth stage during the 1980s and 1990s. These people are the middle managers, decision-makers, policymakers, and executives of companies who are now giving up their places. This older generation passing away probably also means the removal of a stubborn set way of doing things which served as a blockage against innovation.
Korea will have a strange mixture of a big shortage of workers, coupled with a shrinking domestic economy as 8 million of the wealthiest people retire due to old age. Once these people start to die off in about 20 to 30 years, Korea will have the greatest wealth transfer period between generations.
A complete price collapse of the Jeju Island condominium project with Chinese characteristics (China real estate money constructed this project in 2012 and left an unfinished ghost concrete town after the 2017 THAAD dispute).
Back in 2012, 99% of those who bought these apartments were Chinese nationals who were given permanent residency.
https://www.youtube.com/watch?v=0d4MSusOUnQ
The prices that once were 600 million won have been valued down to only 140 million won ($103,000 USD), yet still, nobody wants them. This type of environmental eyesores is now dotting all over Jeju island with abandoned constructions by China money.
As the Hong Kong protestor said, “Never trust China. China is asshoe.”
The CCP are okay with polluting ALL of the world. They destroyed their own drinking water, their own beaches, fisheries, etc. Ghost towns of half-finished and tofu-dreg unlivable buildings cover what was once decent farmland.
Communists, or whatever other name you wish to give the CCP are ridiculously bad at managing anything but killing masses of people.
China has polluted its way across Asia into Sri Lanka and much of Sub-Saharan Africa as well. They promise much but but leave half-finished projects, enormous debt, and broken dreams in their wake.
They have been buying houses and farmland across the USA as well. I anticipate we will suffer greatly when they pul the plug.
The Glorious 6th of April sounds like a book I should write.
Hope that you all are happy, healthy, blessed with enough, and not heavily invested in companies doing business in China. Or that your investments are diverse.
South Korea to donate $2.3 Billion to Ukraine.
https://www.ukrinform.net/rubric-economy/3849225-south-korea-to-donate-23-billion-to-ukraine.html
Money down the drain.
The US Commander General of Asia Pacific, Charles Flynn, asks South Korea to show the “strength of the alliance” in case of Taiwan conflict.
https://www.youtube.com/watch?v=BudoaL5w-OI
If the US wants South Korea to project its military beyond South Korea, why can’t South Korea defend itself with nuclear subs and nuclear missiles? With the limited capability of ROK forces that can’t even sail beyond the Korean peninsula area, what does the US expect South Korea to do?
“South Korea to donate $2.3 Billion to Ukraine.”
That is money well-spent.
Since no amount of money will “win” the war for Ukraine, the only purpose of this donation is to extend the inevitable loss of even more Ukrainian men and territory.
This means there will be a lot of seriously single and seriously fine Ukrainian 20-something girls “looking to meet single guys in Asia”.
Interests include Asian culture, K-pop, and not starving to death is whatever hellscape is left of post-war Ukraine.
Keep up the good work, Korea.
And better keep quiet about underfunding of the national health service and comfort women living in poverty.
I don’t agree 100% with Ayn Rand’s atheism; but this speech is 90% correct. The source of men’s minds is God, not merely their will.
https://www.capitalismmagazine.com/2002/08/franciscos-money-speech/
If you’d rather listen than read, try this: https://www.youtube.com/watch?v=u-T0ey0IKDA
Money down the drain.
No doubt showing the pro-Russia tendencies of our Trumpster Setnaffarians.
This begs the question of when do the Setnaffarians plan to turn over the United States, lock and stock, to Russia.
Ronald Reagan must be turning in his grave, considering that his old party is selling themselves out to the Russians.
“This begs the question of when do the Setnaffarians plan to turn over the United States, lock and stock, to Russia.”
Soviet Russia is not today’s Russia…
…unless you want to use that same logic and consider that the Democrats were the party of slavery.
…well… actually still are… but a more insidious type that uses infantilization and creates generational dependence…
…yet has to import Mexicans to get the cotton picked.
Good job, Democrats.
None-the-less, nobody has really made a good case as to why Russia is America’s enemy.
With the fall of communism, they are no longer an ideological threat. A good case could be made that America exporting all the Muslim tranny global warming open border DEI insanity is now the world’s biggest societal danger.
Russia is not an economic threat. They are not competing with American in any meaningful way.
They are not an influential threat on America’s sphere of influence.
…but you know who is?
China.
But let’s only talk about Russia.
…while China spies on our electronics, influences our social media, infests our universities, builds Belt & Road to control countries and resources, and pays off our politicians¹ to allow them to economically take advantage of us.
When people go on about America’s Big Enemy Russia (yet can’t explain how) while they ignore China, it becomes clear they are not serious people.
…or they are seriously looking to damage America.
¹not unlike Ukraine
Come on now, CH…
You can tell a chinabot; but you can’t tell ’em much…
Some of you are smart.
Read this and share your opinion.
TLDR: There is a clear correlation between the covid vaccine and excess mortality for the exact reasons predicted…
…but it is so small (<3% cancer and ~10% total) that nobody notices (unless you die).
Conclusion: Since so few people are affected, the vast majority will not notice or care… much like those pictures of people with no lower jaw on a pack of cigarettes has zero influence on smoking rates.
https://www.cureus.com/articles/196275-increased-age-adjusted-cancer-mortality-after-the-third-mrna-lipid-nanoparticle-vaccine-dose-during-the-covid-19-pandemic-in-japan#!/
Stay Safe & Effective!