Squid game, loans and inequalities

Squid game, loans and inequalities

drama series survival South Korea, Squid games, became the most popular in Netflix. In the first month since its screening in mid-September, the series has been watched by around 140 million people worldwide. A number of US media have stated that with a production cost of US $ 21 million (around 300 billion rupees), Netflix Profited up to $ 900 million (approximately 12.5 trillion rupees) from the growth of its customer base and the skyrocketing share price of the company.

The glimmer of success actually contrasts with the grim reality at the heart of the series. The debt problem and the yawning divide in Korea became director Hwang Dong-hyuk’s staple idea by incorporating the issue into his work. Just like Parasite, the Oscar-winning Korean film last year, which tackles the problem of unequal inequalities in “The Land of Ginseng”. When Parasite packaged as a domestic drama, Squid games visualized as a survival drama.

The heart of the story centers on a number of people mired in debt and other financial problems in Korea. To get out of this problem, they entered a competition / game to get a prize of around 38 million US dollars (532 billion rupees). However, the money is only for one winner at the end of the game. Meanwhile, hundreds of other participants have to do their best to survive if they don’t want to be eliminated or die. Drama survival which is brutally wrapped is a satire of the grim reality of the lives of some Koreans trapped in debt.

according to The Guardian, South Korean household debt has increased in recent years and is now equivalent to more than 100% of the country’s GDP. Soaring debt goes hand in hand with a growing income gap, exacerbated by rising youth unemployment and rising real estate prices in major cities beyond the means of most ordinary Korean workers.

Lee In-cheol, director general of the institute thinking group The Real Good Economic Research Institute said the number of people in debt is even at an alarming level. “The total amount of debt ordinary South Koreans take on exceeds GDP by 5%,” he said. “In individual terms, that means that even if you save every penny you earn for an entire year, you still can’t pay your debts,” he said. The Guardian, Last weekend.

The times of the straits said household debt in Korea hit an all-time high of 1,805 trillion won (about IDR 21.6 trillion) last June, nearly double the figure 10 years ago. This is due to the increase in borrowing as people rush to buy new homes for fear of rising house prices. Some of them are tricked by the persuasion of credit institutions, which are so easy to offer funds as easy as brewing coffee.

Therefore, Lee said, the country’s financial services commission and financial monitoring services agency are now trying to step in so more people don’t fall into the debt vortex. This phenomenon may be similar to that of Indonesia, where a young mother from Cinere, Depok, West Java, recently hanged herself because she was entangled in a loan. in line. The government even had to intervene to eradicate loan sharks in line the.

Through Squid games, Director Hwang wants to emphasize how dark it is to be trapped in a debt trap and his work’s message makes viewers around the world aware that the dark side of capitalism (read: inequality) is real, not just a fictional story on filter.


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