[English]
Hello~
If you watched our video of eating alone a few weeks ago, you will know that
This time, we decided to make a video about something that is changing these days.
Should I say that it is a culture (phenomenon) that has appeared recently?
Especially from my generation
And I think this is not just a Korean problem
I see this problem in my country too, and it's probably the same in other Western countries
This word that appears a lot recently is called 'Sampo generation' in Korean
Sampo generation means giving up three things
First, dating
Second, marriage
Third, childbirth
These three things are given up, especially by those of my generation in their 20s and 30s
Because it costs too much to maintain all of these
What needs to be clear is that this Sampo generation is not decided by one's own choice
There are people who don't want to date, get married, or have children, and are satisfied with these choices
However, this word refers to people who want this kind of life but are in a position where they cannot do it all. That's applicable.
And more words are being created, such as 'Opo generation' and 'Chilpo generation'
It refers to giving up five and seven things
So, in the Sampo generation, they give up dating, marriage, and childbirth
Ofo is five people
Additionally, they give up employment or career because youth unemployment is very serious these days
And buying a house
Chilpo talks about giving up on interpersonal relationships and hope
It's very depressing
I think one of the reasons people give up is because of unemployment
Because they don't have money to meet anyone
You need money to even date
Because you can't meet anyone, it's hard to plan for marriage and even buy a house
In Korea, I think you have to buy a house especially before getting married.
Yes, an apartment
Yes, it's mainly an apartment (house = a house like a house)
So that you can live in that apartment when you get married
But the prices of these apartments are unbelievably expensive
Especially in Seoul
I read the article, you told me two days ago
I read the article, and the average selling price of an apartment in Seoul is $600,000
It's 600 million won
Yes, it's probably about 550,000 to 500,000 US dollars
That's half a million
And this is an apartment, not a house
Plus, this is an ordinary apartment, not like a penthouse at the top
It's just the price of a normal apartment in Seoul
Anyway, the point is that it's expensive and it's almost impossible for my generation to buy a house
There's something very different from Canada, and it's very special in Korea. There is a house sale system
It's very different and I still don't fully understand it
If you have money, you can buy a house
If you have $500,000, you'll buy it
Or you can do something called a jeonse
Yes, you pay almost half of the apartment sale price to the landlord and rent the house for 2 years
When the contract is over, you move and the landlord gives you the money back
Depending on the jeonse price There are people who have reduced monthly rent or no monthly rent at all.
Yes, there is no monthly payment for jeonse, and there is another term called reverse rent.
You pay less than jeonse, but instead pay a small amount every month.
Yes, about 200,000 or 300,000 won.
Yes, but you need a lot of money to start a jeonse to rent a house. How can I just have 100 million?
...
Also, there are not many people my age who can get that much loan from a bank.
Oh, and let me tell you why this system (cheonsei) exists.
In the past, bank interest rates were high, so when a landlord received a lump sum, they just had to put it in the bank.
Yes, because of the interest rate, it was almost like monthly rent.
But these days, interest rates are low, so the price of jeonse has also gone up.
Of course, the third option is monthly rent, which is what we do.
Oh, and in Korea, there is a thing called a deposit
This is different from jeonse. These days, it's from 5 million won to 50 million won?
It depends on where you live, and you pay this amount for monthly rent.
When you leave the house, you get the deposit back.
The deposit is not as large as the deposit, but where is 20,000 or 30 million won just sitting around for people in their 20s and 30s?
So these days, there are many houses that only have monthly rent.
Monthly rent is expensive because there is no deposit.
If you look at villas and apartments in Itaewon, the deposit is But the monthly rent is high
Because we know that many people cannot afford to pay such a lump sum
To come back to the point, many people give up on housing and getting married because of the high house sale price because there is no place to live
Oh, and marriage is also very expensive
Yes
Yes, Korean weddings are usually very large and attended by many people
It is not just close family, but a very large family including parents' friends, coworkers, and relatives. It's an event
If you've seen our wedding video, you'll know that our wedding was small compared to other weddings
We preferred it, but we didn't have the capacity to invite 300 or 400 people lol
This is also a problem for young couples
Because weddings are very expensive
I don't think it's a problem only in Korea
Sarah told me What do they call it in Canada?
Millennials
Yes, as many foreigners know, millennials refers to our generation.
Few millennials get married, few have children, and only a small number have stable jobs.
And in other countries, there is a term called 'boomerang generation'
As far as I know, it is especially in North America.
The boomerang generation refers to people in their 20s and 30s who are old enough to live independently.
After graduating from college, they try to get a job, but either they can't find a job or they only get jobs that pay less money.
This means they move back to their parents' house
So, it's a regression
They can't afford to live alone, so they go back to live with their parents' house
And their children are probably the most expensive of all
As you know, in Korea, many parents send their children to cram schools.
It's a huge expense for additional study
Many people can't afford to support that much
When I first came to Korea, I worked at an English academy for elementary school students in Gangnam
I didn't know it at first, but gradually I realized that these children were very privileged
Every day, the parents of children who go to other academies after this English academy
are doctors, lawyers, executives, and these children. These are people who can afford to send them to an academy for additional education.
What I realized is that when you come to an academy, you start from 1st grade and go to 6th grade.
If you haven't gone to an English kindergarten first, you can't enter an English academy
Because your child's English level is not up to the standard of children who went to an English kindergarten
Hi Bimo
As for the English kindergarten... Lindsey also worked there. They say they start at 2 and a half or 3 years old
So these kids have already studied English for 4 years before they start elementary school
I taught some and I'm not going to lie, some of them were just like native Canadian kids
They were just a little lacking in the variety of word choices
So I thought, how can a kid from an ordinary family one day compete with these kids?
I don't even know if I can get into that academy lol
Haha ㅠㅠ
I just couldn't believe it
These kids started at such an early age that normal kids can't compete
At first, I thought parents should just not send them to such academies
It's expensive and it's stressful for the kids, so I thought they could just not send them in
Everyone There is tremendous pressure on parents to send them to academies.
In my neighborhood, children go to English or math academies, but if my child doesn't go,
my child falls behind and misses out on opportunities.
Then it becomes a vicious cycle...
Oh, it's going in a slightly depressing direction.
It's depressing, but that's the reason.
It's the same in the West. Of course, in Canada, children I don't send him to academies, but
Childcare is incredibly expensive in Canada and the U.S.
It's more expensive than college tuition
I'm glad I don't have to send him to academies
You're not going anywhere
I read a few articles thinking I'm going to make a video about this
They say there's a term in Greece too
They call it the 700-euro generation there
Because that's the minimum wage and that's the only job my generation can get.
It's a struggle that happens everywhere. It's not just Korea's problem.
Other countries are struggling similarly or slightly differently.
It's rough, we were just born in a bad time lol
Ah...
Yes
Yes, I'm sorry for making you depressed
Yes, it's depressing, but this is reality
This is reality and talking about it.
Yes, I wanted to discuss it with you. How is your country currently doing?
Our generation is going through a difficult time. The birth rate is low.
It is difficult to find a job. They want to give up and are giving up three things.
Or is society not giving them a choice?
Right?
Can you hear the rain?
Yes, it's raining a lot
It goes well with the mood haha
Anyway, I'd like to hear your thoughts in the comments
Yes, and you can also post any topics you're curious about
Yes, if there's a topic you want to talk about, please write it in the comments :)
Yes, then we'll see you next week
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Hello!
Bimo, say 'Bye'
It's wagging its tail...