South Korea’s youth unemployment crisis has reached an alarming level. While elderly employment is on the rise, young people are struggling to find stable jobs, leading to a society where fathers continue to work well into their later years, while their sons remain jobless. The polarization of the job market, economic slowdown, and companies’ preference for experienced workers have all contributed to an employment environment where young people are being pushed to the sidelines.
1. A Job Market of Extremes
South Korea’s current job market is marked by severe polarization. Some industries, such as healthcare and social welfare services, are thriving due to the aging population, while construction and manufacturing are experiencing significant downturns.
Healthcare and social welfare jobs increased by 119,000 last month.
Professional and IT jobs also grew, reflecting demand for high-skilled workers.
Construction jobs fell by 169,000, the biggest drop since records began in 2013.
Manufacturing and retail jobs also declined sharply.
The shrinking construction and manufacturing sectors have left middle-aged workers vulnerable, while the younger generation faces even greater challenges breaking into the workforce.
2. The Disappearing Future of Young Workers
The most concerning trend is the sharp decline in employment among South Korea’s youth (ages 15–29).
218,000 fewer young people were employed compared to the previous year.
The youth employment rate dropped to 44.8%, down 1.5 percentage points from the previous year.
The number of young people who gave up looking for jobs increased to 434,000, a rise of 30,000.
This “giving up” trend is particularly troubling. Many young Koreans, unable to find meaningful work, are now choosing not to participate in the job market at all, instead identifying as part of the growing “lost generation”.
3. Why Are Young People Struggling to Find Jobs?
Several factors contribute to the worsening employment crisis for youth:
✅ Preference for Experienced Workers – Companies increasingly favor mid-career professionals over fresh graduates. ✅ Economic Slowdown – Domestic demand has weakened, leading to job cuts in key industries. ✅ Government Job Programs Focus on the Elderly – The government has expanded direct employment initiatives, but many of these jobs target the 60+ age group, leaving fewer opportunities for young people. ✅ Rigid Employment Culture – South Korea’s seniority-based hiring system makes it harder for young professionals to enter stable careers.
The result? Young Koreans are delaying marriage, struggling financially, and losing hope in their future prospects.
4. Government Efforts & The Road Ahead
In response to the crisis, the South Korean government has announced plans to create over 1.2 million direct jobs in the first quarter of the year. However, most of these are short-term positions with little long-term impact.
Key government initiatives include: ✅ Increased hiring in public sectors and infrastructure projects to stimulate employment. ✅ The launch of the ‘Youth Employment All-Care Platform’ in March, aimed at preventing youth from falling through the cracks after graduation. ✅ Large-scale job fairs to connect young job seekers with companies.
However, without fundamental changes—such as encouraging companies to hire young talent, reforming the rigid seniority-based employment culture, and providing more high-quality jobs—South Korea’s youth unemployment crisis will likely continue to worsen.
South Korea’s real estate market has long been a topic of controversy, with housing prices soaring to unprecedented levels over the past few decades. What was once a basic necessity—owning a home—has now become a luxury and an investment tool for the wealthy. As a result, the nation’s homeownership rate stands at around 60.7%, leaving nearly 40% of the population renting or struggling to enter the market. But how did South Korea get here?
1. The Beginning: The Seeds of an Investment-Driven Market
The shift toward treating real estate as an investment rather than a place to live can be traced back to the rapid economic development and urbanization of South Korea.
Post-War Development Boom (1960s–1980s): South Korea underwent fast industrialization, leading to an influx of people into cities like Seoul. This drove the demand for housing, prompting large-scale apartment construction.
The Rise of Speculation (1990s–2000s): As land became scarce, real estate speculation skyrocketed. People began buying apartments not to live in but to sell later at a higher price.
Government Policies and Loans: Easy access to real estate-backed loans fueled the market, allowing investors to purchase multiple properties and further inflate prices.
Over time, apartments became more than just homes—they turned into wealth-generating assets, creating a cycle where those who already owned property became richer, while others were left behind.
2. The Present: An Unaffordable Market
Today, South Korea faces one of the most expensive real estate markets in the world, especially in Seoul. The housing price surge has created a widening wealth gap and a feeling of hopelessness among young people.
Soaring Apartment Prices: In Seoul, even small apartments cost several million dollars, making homeownership unattainable for many.
Declining Birth Rate & Marriage Trends: With homeownership nearly impossible for young couples, many are choosing not to marry or have children, contributing to South Korea’s low birth rate crisis.
High Rent & Housing Insecurity: Those who cannot buy are forced to navigate a highly competitive rental market, struggling with rising monthly payments.
The Korean dream of owning a home has become a privilege rather than a standard life goal.
3. The Future: Can the Market Be Fixed?
With real estate prices showing no signs of stabilizing, many wonder if housing will ever be affordable again. The government has attempted to regulate the market through tax reforms, lending restrictions, and public housing projects, but these measures have yet to significantly ease the crisis.
Potential solutions include: ✅ Stronger Regulations on Speculation – Limiting multiple-property ownership and enforcing stricter taxes on investors. ✅ Expanding Public Housing Projects – Providing more affordable housing options for middle- and lower-income families. ✅ Decentralization of Development – Encouraging industries and businesses to expand outside of Seoul, reducing demand in the capital.
However, without fundamental changes in mindset and policy, South Korea’s real estate market may remain a high-risk, high-reward investment game—rather than a system designed to provide stable housing for its people.
Heute stehe ich vor Ihnen, um meine Haltung zur Erklärung des Kriegsrechts darzulegen.
Derzeit behauptet die Oppositionspartei, dass die Erklärung des Kriegsrechts Hochverrat sei und Chaos verursache.
Ist das wirklich der Fall?
Wer stört tatsächlich die Regierung und verstößt gegen die Verfassung in Südkorea?
In den letzten zweieinhalb Jahren hat die große Oppositionspartei sich geweigert, den vom Volk gewählten Präsidenten anzuerkennen und hat unaufhörlich seinen Rücktritt und seine Amtsenthebung gefordert.
Sie haben sich geweigert, die Ergebnisse der Präsidentschaftswahl anzuerkennen.
Seit der Wahl gab es 178 Demonstrationen, die den Rücktritt und die Amtsenthebung des Präsidenten forderten. Diese Demonstrationen fanden bereits zu Beginn seiner Amtszeit statt.
Im Versuch, die Fähigkeit des Präsidenten zur Regierungsführung zu lähmen, hat die Opposition Dutzende von Regierungsbeamten zur Amtsenthebung vorgeladen.
Obwohl diese Beamten nichts falsch gemacht hatten, wurden ihre Aufgaben für längere Zeit suspendiert, von der Einreichung der Amtsenthebungsanträge bis zum endgültigen Urteil.
Bevor die Amtsenthebung vorgeschlagen wurde, traten viele öffentliche Beamte von sich aus zurück.
Dieser Missbrauch der Amtsenthebung hat die Regierung gelähmt.
Die Oppositionspartei hat Minister, den Vorsitzenden der Korea Communications Commission, den Auditor General, der ihre Vergehen untersuchte, und sogar Staatsanwälte ihres Amtes enthoben. Sie haben Richter eingeschüchtert.
Dies ist ein Akt der Vertuschung ihrer Vergehen durch “Schutz-Amtsenthebungen”, die die öffentliche Ordnung und die Rechtsstaatlichkeit vollständig untergraben.
Darüber hinaus haben sie 27 Mal verfassungswidrige Sonderstaatsanwalt-Gesetze vorgeschlagen und politische Kampagnen gestartet.
Sie haben sogar versucht, Gesetze zur Selbstamnestie zu verabschieden, die es Verbrechern ermöglichen, sich selbst Immunität vor Strafverfolgung zu gewähren.
Die Nationalversammlung, die von der großen Oppositionspartei kontrolliert wird, ist zu einem Ungeheuer geworden, das nicht das Fundament der freien Demokratie zerstört, sondern die verfassungsmäßige Ordnung der freien Demokratie.
Was anderes könnte das sein als eine lähmende Krise der Regierung und eine nationale Krise?
Aber das ist noch nicht alles.
Nun bedroht die große Oppositionspartei die nationale Sicherheit und die soziale Sicherheit.
Zum Beispiel wurden im Juni drei chinesische Staatsangehörige beim Fotografieren des US-Flugzeugträgers in Busan mit Drohnen erwischt. Ihre Smartphones und Laptops enthüllten Fotos südkoreanischer militärischer Einrichtungen, die über mindestens zwei Jahre hinweg aufgenommen worden waren.
Letzten Monat wurde ein chinesischer Staatsangehöriger in den 40ern beim Fotografieren des Nationalen Nachrichtendienstes mit einer Drohne erwischt.
Diese Person ging sofort zum Nationalen Nachrichtendienst, was bestätigte, dass er in dieser Aktivität verwickelt war.
Doch die derzeitigen Gesetze erlauben es nicht, ausländische Spione wegen Spionage zu bestrafen.
Um dies zu verhindern, versuchte ich, die Spionagebestimmungen im Strafgesetzbuch zu ändern, doch die große Oppositionspartei blockierte diesen Versuch vehement.
Nicht nur, dass die vorherige Regierung dem Nationalen Nachrichtendienst die Befugnis zur Untersuchung nationaler Sicherheitsfälle entzogen hat, sie versucht auch, das Gesetz zur nationalen Sicherheit abzuschaffen.
Bedeutet das, dass wir keine Spione fangen sollten, die die nationale Sicherheit bedrohen?
Trotz der illegalen Entwicklung von Atomwaffen und Raketenprovokationen von Nordkorea, GPS-Störungen und Ballonvorfällen, sympathisiert die große Oppositionspartei nicht nur mit Nordkorea, sondern diffamiert auch die Regierung, die versucht, darauf zu reagieren.
Sie argumentieren sogar, dass die UN-Sanktionen gegen Nordkorea wegen der illegalen Atomwaffenentwicklung aufgehoben werden sollten.
Welches Land hat eine politische Partei und eine Nationalversammlung, die so handelt?
Das Budget für besondere Ermittlungen und Sonderaktivitäten in den Staatsanwaltschaften und der Polizei wurde auf Null gesenkt.
Diese Mittel sind entscheidend für die Untersuchung von Finanzbetrug, Verbrechen gegen schutzbedürftige Gruppen, Drogenkriminalität und nationalen Sicherheitsfällen.
Sie haben Mittel für die Bekämpfung von Drogenkriminalität und Deepfake-Verbrechen drastisch gekürzt.
Sie blockieren Ermittlungen zu sozialen Verbrechen, einschließlich Drogenkartellen und organisiertem Verbrechen.
Sind diese Menschen dabei, Südkorea in ein Paradies für Spione, einen Drogenmarkt und eine Gangsternation zu verwandeln?
Dies sind die antinationalen Kräfte, die das Land zerstören wollen.
Unterdessen haben sie das Budget der Nationalversammlung erhöht, um ihre Privilegien zu erhalten.
Auch die Wirtschaft befindet sich im Notstand.
Die große Oppositionspartei versucht, Südkoreas Wachstumsfaktoren zu ersticken.
Wenn man sich die von der Demokratischen Partei vorgeschlagenen Budgetkürzungen ansieht, wird dies deutlich.
Sie haben das Budget zur Unterstützung des Atomkraftindustrie-Ökosystems um 90 % gekürzt und das Budget für den Export von tschechischer Atomkraft nahezu eliminiert. Sie haben das Budget für die Entwicklung der nächsten Generation von Atomkraft drastisch gesenkt.
Sie haben auch Mittel für zukünftige Wachstumsfaktoren wie grundlegende wissenschaftliche Forschung, Quanten-Technologie, Halbleiter und Biotechnologie drastisch gekürzt.
Das Budget für die Erforschung der Gaskfelder im Ostmeer, das sogenannte “Great Whale Project”, wurde im Wesentlichen gestrichen.
Sie haben auch die Mittel für die Jugendarbeitsförderung, den Aufbau von Kindervermögen für benachteiligte Gruppen und Zuschüsse für die Kinderbetreuung reduziert.
Der Innovationswachstumsfonds für die Schaffung von Industrie-Ökosystemen und die Unterstützung von kleinen und mittleren Unternehmen wurde ebenfalls gekürzt.
Sie haben den Katastrophenmanagementfonds um eine Billion Won gesenkt und die Forschungs- und Entwicklungsmittel für die Pandemievorbereitung, einschließlich Impfstoffentwicklung, gekürzt.
Somit befindet sich Südkorea in einem Zustand der lähmenden Krise und sozialen Unordnung, da die normale Funktionsweise von Verwaltung und Justiz aufgrund der legislativen Diktatur und der rücksichtslosen Handlungen der großen Oppositionspartei unmöglich geworden ist.
Liebe Bürger,
Sie wissen wahrscheinlich schon vieles von dem, was ich geteilt habe.
Es gab jedoch noch schwerwiegendere Probleme, die ich bis jetzt nicht offenlegen konnte, was mich zur Erklärung des Kriegsrechts veranlasste.
Im zweiten Halbjahr des letzten Jahres gab es einen Hackerangriff auf verfassungsmäßige Institutionen und Regierungsbehörden, einschließlich der Nationalen Wahlkommission, durch Nordkorea. Der Nationale Nachrichtendienst entdeckte dies und versuchte, nach Datenlecks zu suchen und die Sicherheit der Computersysteme zu gewährleisten.
Alle anderen Behörden stimmten der Inspektion durch den Nationalen Nachrichtendienst zu, aber die Wahlkommission weigerte sich hartnäckig, dies zu akzeptieren, indem sie sich auf ihren Status als verfassungsmäßige Institution berief.
Als ein großes Einstellungs-Skandal in der Wahlkommission aufkam und sie einer Prüfung und Untersuchung unterzogen wurde, willigten sie ein, sich der Inspektion des Nationalen Nachrichtendienstes zu unterziehen, erlaubten jedoch nur eine teilweise Überprüfung ihrer Systeme.
Doch diese teilweise Überprüfung ergab eine ernste Situation. Als ein Mitarbeiter des Nationalen Nachrichtendienstes versuchte, in das System einzudringen, wurde deutlich, dass eine Datenmanipulation möglich war und nahezu keine Firewall vorhanden war.
Die Passwörter waren äußerst einfach, wie “12345”.
Die Sicherheitsmanagementfirma war klein und fehlte es an professioneller Expertise.
Als Präsident war ich schockiert, als ich diesen Bericht vom Nationalen Nachrichtendienst erhielt.
Wie konnte das Wahlsystem, der Kern der Demokratie, in einem solch chaotischen Zustand sein? Wie können Bürger den Wahlergebnissen vertrauen, wenn das System so schlecht verwaltet wird?
Obwohl die Wahlkommission an der Sicherheitsüberprüfung des Nationalen Nachrichtendienstes teilnahm, wiederholte sie hartnäckig, dass sie keine Daten manipuliert hätten.
Als verfassungsmäßige Institution ist es der Wahlkommission jedoch nahezu unmöglich, ohne Kooperation mit einer Durchsuchungsanordnung überprüft zu werden, sodass die Wahrheit praktisch nicht ermittelt werden kann.
Ich forderte Verbesserungen in den problematischen Bereichen vor den Parlamentswahlen im April 2024, doch es ist unklar, ob irgendwelche signifikanten Veränderungen vorgenommen wurden.
Deshalb gab ich den Befehl, die Computersysteme der Wahlkommission durch das Verteidigungsministerium zu überprüfen.
Vor kurzem, als die große Oppositionspartei, die Demokratische Partei, versuchte, den Auditor General und den Generalstaatsanwalt, der ihre Vergehen untersuchte, abzusetzen, wurde mir klar, dass ich nicht länger tatenlos zusehen konnte.
Ich entschied, dass etwas unternommen werden musste.
Es war klar, dass sie bald auch gegen die Justiz eine ähnliche Amtsenthebung durchführen würden.
Dies führte mich dazu, über die Erklärung des Kriegsrechts nachzudenken.
Obwohl die große Oppositionspartei immer wieder ihre verfassungsmäßigen Befugnisse missbraucht hat, um verfassungswidrige Handlungen vorzunehmen, beschloss ich, meine präsidentielle Macht im Rahmen der Verfassung auszuüben.
Ich erklärte das Kriegsrecht als Reaktion auf die derzeitige lähmende Krise und soziale Unordnung, die dazu führte, dass die Verwaltungs- und Justizfunktionen zusammenbrachen, um die Öffentlichkeit vor den antinationalen Handlungen der Opposition zu warnen und die verfassungsmäßige Ordnung des Landes wiederherzustellen.
Tatsächlich, nachdem das Kriegsrecht am 4. Dezember aufgehoben wurde, stimmte die Demokratische Partei zu, die Amtsenthebung des Auditor Generals und des Generalstaatsanwalts zu verschieben, was darauf hinweist, dass das kurzfristige Kriegsrecht eine Wirkung hatte.
Doch nur zwei Tage später setzten sie die Amtsenthebung trotzdem fort und versuchten, die Rechtfertigung für das Kriegsrecht zunichte zu machen.
Von Anfang an hatte ich den Minister der Verteidigung angewiesen, das Kriegsrecht in einem Format zu verwenden, das nicht darauf abzielte, die Opposition zu unterdrücken, sondern die Krise der Öffentlichkeit zu vermitteln und sie zu stoppen.
Ich setzte nur eine kleine Anzahl von Truppen ein, um die Ordnung zu wahren, und erklärte, dass sie sofort abgezogen werden würden, wenn die Nationalversammlung das Kriegsrecht aufhob.
Als die Nationalversammlung das Kriegsrecht aufhob, gab ich sofort den Befehl zum Abzug der Truppen.
Die kleine Anzahl von Truppen, die während eines kurzen Zeitraums in der Nationalversammlung eingesetzt wurden, war nie dazu gedacht, die Nationalversammlung aufzulösen oder ihre Funktion zu lähmen.
Ich gab den Befehl, die normale Arbeit in der Nationalversammlung aufrechtzuerhalten und jegliche Störungen der Fernsehübertragungen zu vermeiden.
Die eingesetzten Soldaten waren Elite-Unteroffiziere und Offiziere, um Sicherheit zu gewährleisten und jegliche Opfer zu vermeiden.
Dies war eine notwendige Notmaßnahme, um die demokratische Ordnung zu schützen, aber sie wurde mit äußerster Vorsicht und minimalen Auswirkungen durchgeführt.
Trotz gegenteiliger Behauptungen gab es keinerlei Absicht, militärische Gewalt einzusetzen, um die Nationalversammlung zu unterdrücken.
Diejenigen, die versuchen, mich mit falschen Anklagen des Hochverrats zu beschuldigen und aus dem Amt zu entfernen, tun dies, weil der Vorsitzende der Oppositionspartei kurz davorsteht, verurteilt zu werden.
Durch die Amtsenthebung versuchen sie, sich der Verantwortung zu entziehen und vorgezogene Wahlen zu erzwingen.
Dies ist die wahre Bedrohung für unsere verfassungsmäßige Ordnung.
Ob sie mich absetzen oder mich untersuchen, ich werde standhaft bleiben.
Ich habe bereits erklärt, dass ich rechtliche oder politische Verantwortung in Bezug auf die Erklärung des Kriegsrechts nicht scheuen werde.
Seit meinem Amtsantritt habe ich mich nie um persönliche Popularität oder den Erhalt meines Amtes gekümmert. Wäre ich auf den Erhalt meines Amtes fokussiert, hätte ich den Konfrontationen mit den Kräften, die die Verfassung untergraben, ausgewichen.
Aber ich konnte nicht den Willen des Volkes, das mich gewählt hat, ignorieren.
Ich habe gegen legislative Übergriffe und Autoritarismus gekämpft, nicht für mein eigenes Amt, sondern für den Schutz der Demokratie in Südkorea und die verfassungsmäßige Ordnung.
Dies war eine notwendige Entscheidung als Präsident, und sie kann nicht als Hochverrat betrachtet werden.
Die Erklärung des Kriegsrechts war eine extreme, aber wesentliche Maßnahme, um Stabilität wiederherzustellen, Bedrohungen der nationalen Sicherheit zu verhindern und die Rechtsstaatlichkeit wiederherzustellen.
Ich bin fest davon überzeugt, dass dies die richtige Entscheidung für die Zukunft des Landes war.
Today, I stand before you to present my stance on the martial law declaration.
Currently, the opposition party is claiming that the declaration of martial law constitutes treason and is causing chaos.
Is that really the case?
Who, in fact, is currently disrupting the government and violating the constitution in South Korea?
For the past two and a half years, the large opposition party has refused to recognize the president elected by the people and has relentlessly called for his resignation and impeachment.
They have refused to accept the results of the presidential election.
Since the election, there have been 178 rallies calling for the president’s resignation and impeachment. These rallies have been held from the early days of his term.
In an attempt to paralyze the president’s ability to govern, the opposition has pushed for the impeachment of dozens of government officials since the government’s inception.
Even though these officials had done nothing wrong, their duties were suspended for extended periods, from the filing of the impeachment to the final ruling.
Before impeachment was proposed, many public officials resigned on their own initiative.
This abuse of impeachment has paralyzed the government.
The opposition party has impeached ministers, the chairman of the Korea Communications Commission, the Auditor General who investigated their wrongdoings, and even prosecutors. They have intimidated judges.
This is an act of shielding their wrongdoings through “shielding impeachment,” completely undermining public discipline and the rule of law.
Moreover, they have repeatedly proposed unconstitutional special prosecutors’ bills 27 times, launching political campaigns.
They have even pushed for self-amnesty laws, allowing criminals to grant themselves immunity from prosecution.
The National Assembly, controlled by the large opposition party, has become a monster that destroys not the foundation of free democracy, but the constitutional order of free democracy.
What else could this be but a paralysis of government and a national crisis?
But that is not all.
Now, the large opposition party is threatening national security and social safety.
For example, in June, three Chinese nationals were caught flying drones to photograph the U.S. aircraft carrier docked in Busan. Their smartphones and laptops revealed photos of South Korean military facilities taken over the course of at least two years.
Last month, a Chinese national in his 40s was caught using a drone to photograph the National Intelligence Service.
This person went straight to the National Intelligence Service upon entering Korea, confirming that he had engaged in this activity.
However, current laws do not allow foreign spies to be punished for espionage.
To prevent this, I attempted to amend the espionage provisions in the criminal law, but the large opposition party strongly blocked this effort.
Not only did the previous administration strip the National Intelligence Service of its authority to investigate national security cases, but they are also attempting to abolish the National Security Law.
Does this mean we should not capture spies who threaten national security?
Despite North Korea’s illegal nuclear weapons development and missile provocations, GPS jamming, and balloon incidents, the large opposition party has not only sympathized with North Korea but also relentlessly smeared the government that is working to respond.
They even argue that the UN sanctions against North Korea should be lifted because of North Korea’s illegal nuclear development.
Which country’s political party and national assembly is this?
The budget for next year’s special criminal investigations and special activities in the prosecution and police forces has been slashed to zero.
These funds are crucial for investigating financial fraud, crimes targeting vulnerable groups, drug crimes, and national security cases.
They have drastically reduced funds for addressing drug-related crimes and deepfake crimes.
They are obstructing investigations into social crimes, including drug cartels and organized crime.
Are these people trying to turn South Korea into a haven for spies, a drug den, and a gangster nation?
These are the anti-national forces who are trying to destroy the country.
Meanwhile, they increased the National Assembly’s budget to maintain their privileges.
The economy is also in a state of emergency.
The large opposition party is attempting to extinguish South Korea’s economic growth engines.
Looking at the budget cuts proposed by the Democratic Party, we can see this clearly.
They cut the budget for supporting the nuclear power industry ecosystem, reducing the budget for exporting Czech nuclear power by 90%. They nearly eliminated the budget for developing next-generation nuclear power.
They also drastically slashed budgets for future growth engines like basic scientific research, quantum technology, semiconductors, and biotechnology.
The budget for exploring the East Sea gas fields, the so-called “Great Whale Project,” has been essentially eliminated.
They also slashed funding for youth job support, child asset building for vulnerable groups, and child care subsidies.
The innovation growth fund for creating industrial ecosystems and support for small and medium-sized enterprises has also been cut.
They reduced the contingency fund for disaster management by one trillion won and slashed research and development budgets for pandemic preparedness, including vaccine development.
Thus, South Korea is in a state of government paralysis and social disorder, with the normal functioning of administrative and judicial systems rendered impossible due to the legislative dictatorship and reckless actions of the large opposition party.
Dear citizens,
You are likely already aware of much of what I have shared.
However, there have been even more serious issues that I have been unable to disclose until now, which led to my decision to declare martial law.
In the second half of last year, there was a hacking attack on constitutional institutions and government agencies, including the National Election Commission, by North Korea. The National Intelligence Service detected this and tried to check for data leaks and ensure the safety of the computer systems.
All other agencies agreed to the National Intelligence Service’s inspection under their observation, but the Election Commission, citing its status as a constitutional institution, stubbornly refused.
When a large-scale hiring scandal at the Election Commission surfaced and it was subject to audit and investigation, they relented and agreed to the National Intelligence Service’s inspection, but only allowed a partial inspection of their systems.
However, this partial inspection revealed a grave situation. When a National Intelligence Service employee tried to hack into the system, it was clear that data manipulation was possible and there was virtually no firewall.
The passwords were extremely simple, like “12345.”
The security management company was small and lacked professional expertise.
As president, I was shocked when I received this report from the National Intelligence Service.
How could the electoral system, the core of democracy, be in such a chaotic state? How can citizens trust election results when the system is so poorly managed?
Although the Election Commission participated in the National Intelligence Service’s security check, it kept repeating that they had not manipulated any data.
As a constitutional institution, the Election Commission is difficult to investigate with a search warrant, making it virtually impossible to determine the truth if they do not cooperate.
I requested improvements for the problematic areas before the April 2024 general election, but it is unclear whether any significant changes were made.
That is why I ordered the Minister of National Defense to inspect the Election Commission’s computer systems.
Recently, when the large opposition party, the Democratic Party, attempted to impeach the Auditor General and the Chief Prosecutor investigating their wrongdoings, I realized that I could no longer stand by and watch.
I decided that something had to be done.
It was clear that they would soon bring the same impeachment threat to the judiciary.
This led me to consider declaring martial law.
Although the large opposition party has repeatedly abused its constitutional powers to take unconstitutional actions, I decided to exercise my presidential powers within the framework of the constitution.
I declared martial law in response to the current paralyzing crisis and social unrest that was leading to the collapse of administrative and judicial functions, in order to warn the public about the anti-national behavior of the opposition and to restore the nation’s constitutional order.
In fact, after the martial law was lifted on December 4, the Democratic Party agreed to postpone the impeachment of the Auditor General and the Chief Prosecutor, indicating that the short-lived martial law had some effect.
However, just two days later, they proceeded with impeachment anyway, attempting to nullify the justification for martial law.
From the outset, I had instructed the Minister of National Defense to use the format of martial law not to crush the opposition but to communicate the crisis to the public and urge them to stop.
I deployed a small number of troops only to maintain order and stated that they would be withdrawn immediately if the National Assembly voted to lift martial law.
When the National Assembly voted to lift the martial law, I ordered the withdrawal of troops right away.
The small number of troops deployed at the National Assembly for a brief period was never meant to dissolve the National Assembly or paralyze its function.
I gave instructions to maintain normal operations at the National Assembly and to avoid any disruptions to broadcast transmissions.
The soldiers deployed were elite non-commissioned officers and officers to ensure safety and avoid any casualties.
This was a necessary emergency measure to protect the democratic order, but it was carried out with utmost caution and with minimal impact.
Despite claims to the contrary, there was no intention to use military force to suppress the National Assembly.
Those who are trying to frame me with false accusations of treason and remove me from office are doing so because the leader of the opposition party is facing imminent conviction.
Through impeachment, they are trying to escape responsibility and force an early election.
This is the real threat to our constitutional order.
Whether they impeach me or investigate me, I will stand firm.
I have already stated that I will not avoid legal or political responsibility in relation to the declaration of martial law.
Since taking office, I have never been concerned about personal popularity or maintaining my position. If I were focused on preserving my office, I would have avoided confronting forces that are undermining the constitution.
But I could not turn my back on the will of the people who elected me.
I have fought against legislative overreach and authoritarianism, not for my own position but for the protection of South Korea’s democracy and the constitutional order.
This was a necessary decision as president, and it cannot be regarded as treason.
The martial law declaration was an extreme but essential measure taken to restore stability, prevent national security threats, and restore the rule of law.
I am resolute in my conviction that this was the right decision for the country’s future.
South Korea, once renowned for its technological advancements and innovation, now faces a pressing challenge in the realm of Artificial Intelligence (AI). With a delayed start in AI development and a lack of concrete investment plans, the country’s economic future appears increasingly uncertain. This post explores the reasons behind South Korea’s struggles in the AI race and the potential implications for its economy.
The Rise of AI and South Korea’s Lagging Position
Artificial Intelligence has quickly become one of the most transformative technologies of the 21st century. Across the world, countries are investing heavily in AI research, development, and implementation. In nations like the United States, China, and the European Union, AI is seen as a cornerstone of future economic growth and technological leadership.
However, South Korea, despite being recognized as a tech powerhouse with impressive advancements in electronics, telecommunications, and robotics, has been slow to make significant strides in the AI sector. While other countries are rapidly integrating AI into industries such as healthcare, manufacturing, and transportation, South Korea’s investment in AI development has been lackluster.
The Absence of a Clear AI Strategy
One of the most concerning aspects of South Korea’s AI lag is the lack of a clear, unified strategy for AI development. While the government has made some efforts in recent years to address the AI gap, such as pledging investments into tech startups and research initiatives, these efforts remain fragmented and without the scale needed to compete on the global stage.
The government’s investment plans have yet to solidify, and there is no comprehensive, long-term vision to position South Korea as a leader in AI. Unlike its competitors, which have set clear goals for AI integration and application across various sectors, South Korea remains behind in its approach, leaving industries uncertain about the future.
The Economic Consequences of Falling Behind
The economic implications of South Korea’s delay in AI development are stark. AI has the potential to revolutionize industries, improve productivity, and drive economic growth. By not capitalizing on this opportunity, South Korea risks falling behind in the global economy, losing its competitive edge to nations that are making AI a top priority.
For South Korea’s economy, this means missed opportunities for innovation, job creation, and leadership in emerging technologies. AI-driven automation and machine learning offer potential benefits in fields such as manufacturing, logistics, and finance—industries where South Korea has traditionally excelled. Without robust AI capabilities, the country risks losing its dominance in these sectors to nations with stronger AI infrastructures.
Global AI Competition: The Stakes are High
Countries that are already advancing in AI are not only reshaping their economies but also positioning themselves as global leaders in the next technological frontier. South Korea’s competitors, particularly China and the United States, have already made significant inroads in AI research and application, securing substantial government funding, establishing AI-focused industries, and fostering a competitive AI ecosystem.
In this environment, South Korea faces an uphill battle to regain lost ground. The longer the country delays in fully embracing AI, the more challenging it will be to compete on the global stage, especially as AI continues to play a crucial role in shaping the future of everything from labor markets to healthcare systems and national security.
A Gloomy Outlook for the Future
Given the current trajectory, the future of South Korea’s economy looks increasingly uncertain. Without rapid advancements in AI, South Korea may miss out on the economic opportunities that come with this transformative technology. Countries that invest in AI now are positioning themselves for the future, while South Korea’s delayed start leaves it struggling to catch up.
Unless there is a significant shift in both government policy and private sector investment, South Korea risks falling behind in the global AI race—an outcome that could have profound long-term effects on its economy.
A Call for Immediate Action
To reverse this trend and secure a brighter future, South Korea must accelerate its efforts in AI development. This includes creating a comprehensive national strategy, investing in AI research and development, supporting startups, and fostering partnerships with global leaders in the field. If South Korea acts swiftly and decisively, it still has the opportunity to reclaim its position as a global leader in technology.
The time for action is now. If South Korea is to thrive in the AI-driven future, it must act fast to make up for lost time and build a solid foundation for innovation.
In conclusion, the delayed start in AI development has placed South Korea in a precarious position. As the world shifts toward an AI-powered economy, South Korea must urgently reassess its strategy and increase investment in this critical sector. Only then can it hope to secure a sustainable and prosperous future in an increasingly competitive global economy.
South Korea, once hailed as an economic miracle, is now facing an alarming decline. The nation, known for its rapid industrialization and technological advancements, is now struggling with a combination of economic stagnation, shifting societal trends, and external pressures. From sluggish exports and an aging population to the erosion of traditional social structures, the reasons behind South Korea’s downfall are complex and deeply interconnected.
Let’s break down the key factors driving South Korea’s decline.
1. Declining Exports: The Crumbling Foundation of the Economy
South Korea’s economy has long been driven by exports, particularly in industries like semiconductors, automobiles, and shipbuilding. However, global economic slowdowns, rising competition from China, and disruptions in supply chains have led to a sharp decline in export revenues. The tech sector, once the pride of the nation, is struggling to maintain its dominance in the face of increasing global competition and shifting market demands.
With exports weakening, South Korea’s economic growth is slowing to a crawl, and the effects are being felt across all sectors of society.
2. Falling Behind in AI: Missing the Future
While the world races ahead in artificial intelligence (AI) development, South Korea has been slow to adapt. Countries like the U.S. and China have poured massive investments into AI research and infrastructure, while South Korea lags behind due to a lack of long-term strategic planning and fragmented investment efforts.
This delay in AI adoption threatens the country’s technological leadership and future job market. Without AI-driven innovations, South Korea risks losing its global competitive edge, further exacerbating economic uncertainty.
3. The Rise of Single-Person Households and a Shifting Society
The increasing number of single-person households is reshaping South Korea’s economy and culture. Fewer marriages, declining birth rates, and a preference for independent lifestyles mean that traditional family structures are disappearing. This shift impacts everything from real estate to consumer spending, as single-person households tend to spend less on large purchases like homes and cars.
With fewer young people contributing to the economy and an aging population requiring more welfare support, South Korea’s demographic crisis is becoming a significant burden on its long-term economic sustainability.
4. The Aging Population and Its Economic Strain
South Korea has one of the fastest-aging populations in the world, with a rapidly declining birth rate. The combination of fewer young workers and a growing elderly population places an immense strain on the country’s social welfare system.
With fewer taxpayers supporting a larger retired population, the government faces increasing financial pressure, which could lead to higher taxes and reduced economic growth. The workforce shortage also threatens productivity levels, making it harder for businesses to remain competitive in the global market.
5. Rising Wages and Inflation: The Cost of Living Crisis
South Korea has seen a significant rise in wages over the years, but this has also led to increased labor costs for businesses. Many companies, especially small and medium-sized enterprises (SMEs), struggle to keep up with wage demands, leading to downsizing, hiring freezes, and even business closures.
At the same time, inflation and rising consumer prices have made everyday life more expensive. Housing prices, utility bills, and grocery costs have skyrocketed, reducing consumers’ purchasing power and further weakening domestic demand.
6. The Decline of Offline Retail and the Coupang Effect
With the rapid rise of e-commerce platforms like Coupang, traditional brick-and-mortar stores are struggling to survive. Consumers have grown accustomed to the convenience of fast, same-day deliveries, making online shopping the preferred method of purchasing goods.
This shift has led to the closure of countless small businesses, department stores, and even major retail chains, further contributing to the decline of local economies, particularly in smaller cities and rural areas.
7. The Smartphone Era and the Collapse of Social Culture
The widespread adoption of smartphones has led to an increasingly isolated society. With entertainment, shopping, and even social interactions moving online, fewer people are engaging in traditional group activities.
Gone are the days of company dinners (회식) and strong workplace bonds. Younger generations prefer spending their free time alone, whether gaming, watching content, or consuming digital media. This cultural shift has weakened community connections, making society more fragmented and less cohesive.
8. High Interest Rates, Currency Fluctuations, and Economic Uncertainty
South Korea has also been hit hard by global financial instability. High interest rates have made borrowing more expensive, affecting businesses and individuals alike. Meanwhile, the rising exchange rate has made imports more costly, contributing to inflation and increasing financial burdens on consumers.
With economic conditions worsening, people are cutting back on spending, further weakening domestic demand and slowing overall economic growth.
9. The Decline of Regional Cities and the Collapse of Small Towns
While Seoul remains the center of economic activity, many regional cities and smaller towns are struggling. Population decline, business closures, and a lack of economic opportunities have led to the collapse of many once-thriving communities.
As young people flock to the capital for better job prospects, rural areas are left with aging populations and declining infrastructure, further deepening the divide between urban and rural South Korea.
The Harsh Reality: South Korea’s Uncertain Future
The combination of these factors has created a perfect storm for South Korea’s decline. Economic stagnation, demographic shifts, cultural changes, and global competition are all contributing to an increasingly uncertain future.
Without bold reforms, strategic investments, and a shift in national priorities, South Korea risks losing the very foundation that made it a global success story.
The question remains: Can South Korea adapt in time, or is it destined for long-term decline?
In the world of South Korean entertainment, actors and celebrities are often seen as symbols of fame, wealth, and success. But behind the glamorous facade, there lies a reality that many people fail to recognize — a reality where vast amounts of money are accumulated through avenues that most of the public can only dream of.
Take, for example, the recent case of actor “A,” whose real estate investments have garnered him an impressive 35 billion KRW profit. Ten years ago, he bought a plot of land in Seongsu-dong for just 8 billion KRW. Through the strategic development of the property, including a self-service car wash and his agency’s office, he watched its value soar. Now, after demolishing the old structure, a new two-story building is being constructed on the site, with its projected value climbing to around 43 billion KRW.
This extraordinary profit — an amount that could easily transform the life of an average citizen — is something that a celebrity can achieve in just a decade. And it’s not just a one-time event. “A” has also invested in properties in other prime areas, such as Cheongdam-dong and Deungchon-dong, further expanding his portfolio.
The Stark Contrast Between Celebrity Wealth and Public Reality
As this story unfolds, it raises a harsh question for the general public: How can the average person ever hope to achieve such wealth? For those not born into privilege or fame, the prospect of ever touching such sums is almost inconceivable. The hard reality is that these massive profits from real estate investments — which are beyond the reach of most — create an enormous gap between the rich and the poor.
In South Korea, the wealth disparity between celebrities and ordinary citizens is glaringly obvious. While the wealthy accumulate unimaginable fortunes from high-end real estate deals, the vast majority of people are left struggling with the rising cost of living, stagnant wages, and job insecurity. It is a society where, despite working hard and following the rules, the odds of achieving financial freedom feel almost impossible.
The Emotional Toll: Frustration and Hopelessness
For ordinary citizens, watching such stories unfold can lead to feelings of frustration and even hopelessness. Many people dedicate their lives to working hard, paying taxes, and supporting the economy, but it feels as though the odds are stacked against them. The reality is that they will never see the kind of wealth or opportunity that is so easily accessible to a select few.
This is the painful truth of South Korean society. It is a place where the rich continue to grow richer through advantageous investments and opportunities, while the majority of the population remains stuck, struggling to make ends meet. For those who have no access to such high-stakes opportunities, the dream of prosperity seems more distant with each passing year.
A Divided Society: Where Dreams Are Out of Reach
The story of actor “A” is just one example of how South Korea’s entertainment industry has become a gateway to unimaginable wealth. But for most people, the idea of ever having that kind of financial success is a pipe dream. The reality is a stark divide: the ultra-wealthy continue to benefit from systems that favor their financial growth, while ordinary citizens are left feeling disconnected from the world of luxury and financial freedom.
This growing inequality is the elephant in the room that many are unwilling to acknowledge. It is a social issue that perpetuates a cycle of hopelessness, where the gap between the haves and the have-nots grows ever wider.
The Role of Fans and the Rise of Celebrities to Upper Society
This peculiar phenomenon — where celebrities like “A” can easily climb into the upper echelons of society — is largely a result of the blind devotion from fans and viewers. In South Korea, the status of celebrities is incredibly elevated compared to other countries. The entertainment industry holds an enormous amount of influence, shaping public perception and driving consumer behavior. As a result, celebrities are often seen as more than just entertainers — they are idolized figures, with their wealth and success magnified by the public’s adoration.
However, this intense focus on celebrities has led to a disturbing reality: the admiration for public figures has made it easier for them to accumulate immense wealth, while ordinary citizens struggle with basic financial stability. The influence and status that celebrities enjoy in South Korea often come at the expense of the broader population’s ability to achieve similar success. This fuels frustration and a sense of injustice, as many ordinary people feel excluded from the opportunities that celebrities easily access.
The Need for Change
The story of actor “A” and his remarkable real estate success serves as a painful reminder of the disparities that exist in South Korean society. While celebrities and the wealthy thrive, many people are left behind, unable to access the opportunities that would allow them to prosper.
South Korea’s economic system needs to evolve in a way that addresses these inequalities and provides opportunities for all, not just the privileged few. Until that change happens, the feeling of disillusionment will continue to spread, and the dream of financial freedom will remain out of reach for too many.
South Korea, once a shining example of rapid economic growth, has now entered a period of lower economic expansion. The country, which enjoyed annual growth rates in the 6-7% range in the past, is now facing a reality where economic growth is projected to hover between 0-2%. This new era of low growth presents serious challenges for both the government and the people, particularly as the demographic makeup of the nation continues to shift dramatically.
The Era of Low Economic Growth
In recent years, South Korea’s economic growth has slowed to a crawl. While the country still remains one of the largest and most powerful economies in Asia, the rapid expansion that defined much of its history seems to have come to an end. The nation’s growth rate, once a robust 6-7% per year, is now expected to remain within the 0-2% range for the foreseeable future.
This stagnation is partly due to structural changes in the economy, including declining productivity growth and global economic uncertainty. Additionally, as the global economic environment shifts, South Korea’s economy is facing external challenges, from trade tensions to technological disruption, further adding to the slow-down. This shift is forcing businesses to rethink their strategies and citizens to adjust their expectations for future prosperity.
Aging Population and Declining Birth Rates
While the economic slowdown is one challenge, the country is also confronting demographic changes that are exacerbating the situation. South Korea is experiencing one of the fastest aging populations in the world, coupled with an alarmingly low birthrate.
The aging population means that the number of elderly people is rising, while the number of younger, working-age individuals is shrinking. This shift creates an imbalance in the workforce, with fewer young people entering the labor market to replace the retirees. In fact, the proportion of South Korea’s population aged 65 and older is increasing rapidly, placing additional pressure on public services, pensions, and healthcare systems.
At the same time, South Korea’s birthrate remains one of the lowest in the world. Despite efforts to encourage families to have more children, factors such as high living costs, long working hours, and societal pressures are discouraging young people from starting families. The result is a demographic “time bomb” – an increasingly top-heavy population where the elderly outnumber the young, which will create substantial economic and social strains in the coming decades.
Rising Tax Burden and Economic Pressures
With fewer workers and an increasing number of retirees, the country is seeing an unavoidable rise in the tax burden. The government must raise more revenue to provide for the growing needs of the elderly population, including healthcare, pensions, and social welfare programs.
However, fewer young workers are contributing taxes, which creates an unsustainable cycle. The shrinking workforce is putting greater pressure on the working-age population to support the elderly. As a result, tax rates are rising, and many young people and middle-class workers are feeling the pinch as they bear the financial burden of an aging society.
This economic strain is compounded by the stagnation in wages and the increasing cost of living, particularly in urban areas like Seoul, where housing prices and daily expenses continue to rise.
The Social and Economic Implications
The economic and demographic challenges South Korea is facing have profound social and economic implications. The country must rethink its approach to workforce participation, retirement, and taxation.
Increasing the retirement age, encouraging more participation from women and older workers, and finding solutions to boost the birthrate are key areas that the government will need to address. However, these efforts will take time, and the transition to a more balanced demographic structure will require significant investment in policy and infrastructure.
Additionally, businesses will need to adapt to a shrinking labor pool by investing in automation, retraining older workers, and finding new ways to stay competitive in a changing economic environment.
Conclusion: Navigating South Korea’s Changing Future
South Korea is facing a tough road ahead as it grapples with low economic growth, an aging population, and the rising tax burden. These challenges are interconnected, with one issue feeding into the next, creating a complex web that requires careful consideration and long-term planning.
As a travel blogger who spends a great deal of time exploring the social and cultural aspects of South Korea, I can’t help but think about how these demographic shifts will impact the country’s future. While the challenges are clear, they also present an opportunity for innovation and adaptation. South Korea’s resilience in the face of adversity has been proven time and time again, and it will take this same resilience to overcome the hurdles posed by its evolving population and economy.
As a professional travel blogger who has spent years exploring the dynamic and ever-changing city of Seoul, I have witnessed firsthand how economic shifts can affect both the local lifestyle and the tourism industry. South Korea, once thriving with economic growth and consumer confidence, is now facing a downturn that is becoming increasingly evident in the daily lives of its people.
Rising Costs: The Impact on Dining and Retail
In recent months, the cost of living in Seoul has steadily risen, creating an environment where even the most basic expenses are becoming less affordable. A meal that once cost around 5,000 to 6,000 KRW now often exceeds 10,000 KRW, a significant increase that has impacted local dining habits. Restaurants that were once full of customers now face empty tables, as people cut back on discretionary spending.
This surge in costs isn’t limited to food alone. Retail stores, both physical and online, are also feeling the squeeze. Online shopping malls and clothing stores are struggling to maintain the sales volume they once enjoyed. Many of South Korea’s largest markets are now closing, unable to sustain their operations under the weight of decreased consumer spending.
The Strain on the Economy: From Consumer Confidence to the Stock Market
The ripple effects of this economic slowdown extend far beyond the dining and retail sectors. The weakening consumer confidence is also visible in the stock market, with South Korea’s KOSPI index reflecting the country’s broader economic troubles. As businesses adjust to lower sales and reduced profits, the overall economic environment grows more uncertain, with some industries unable to avoid the financial losses that come with this downturn.
For local businesses, adapting to this new reality has become crucial. Many are finding ways to innovate and find new revenue streams, but the overall economic climate remains challenging.
Tourism and Travel: How the Slowdown Affects Visitors to Seoul
As someone who has dedicated my career to exploring Seoul’s vibrant tourism scene, I can’t ignore how these economic changes are affecting international visitors. With costs rising in areas like dining, accommodations, and attractions, it’s becoming increasingly expensive for travelers to experience the city in the way they once could.
For those planning a trip to Seoul, this means being more strategic with their budget. While the city still offers a wealth of cultural experiences, travelers may need to adjust their expectations, focusing on value-driven experiences rather than the indulgences that once made Seoul an affordable destination.
Adapting to Change: The Resilience of Seoul
Despite these challenges, Seoul has always shown remarkable resilience in the face of adversity. The city has weathered various economic storms in the past, and this current slowdown is no different. As businesses and consumers adapt to this new economic reality, there are still opportunities for innovation and growth.
For both locals and visitors, this period of economic uncertainty may require a shift in mindset. It’s not just about cutting back; it’s about finding sustainable solutions that allow the city to thrive despite the challenges. For travelers, this means embracing the essence of what makes Seoul special, even as prices rise and changes occur.
Conclusion: Weathering the Storm Together
The ongoing economic slowdown in South Korea is shaping the experiences of both locals and international visitors. From the rise in everyday costs to the closing of iconic markets, the impact is clear. However, through resilience, innovation, and strategic adjustments, Seoul will undoubtedly find ways to continue offering memorable experiences for those who visit and call it home.
As a travel blogger, I’ll continue to share insights into how Seoul is adapting to these changes, helping both residents and visitors navigate this challenging period.
Once known as the ‘city that never sleeps,’ Seoul was famous for its late-night eateries, bustling nightlife districts, and streets teeming with people even at 3 or 4 AM. However, in recent years, the city’s nightlife has undergone a dramatic transformation. Economic stagnation, slow growth, and the decline of self-employed businesses have led to an increasing number of restaurants, bars, and pubs closing their doors by 9 PM, fundamentally reshaping Seoul’s lifestyle.
The Gradual Disappearance of Nightlife
As more late-night restaurants and bars shut down, people’s nocturnal activities have also declined. In the past, it was common to have multiple rounds of drinks after work, but now many prefer to head home after just one round. The impact of COVID-19, which significantly reduced company gatherings, combined with financial burdens, has made it increasingly difficult for small business owners to operate late into the night.
Previously vibrant nightlife districts such as Itaewon, Hongdae, Gangnam, and Jongno now often appear quieter than before. Restaurants and street food vendors that once had long queues well past midnight are now either reducing their hours or shutting down entirely.
Changing Lifestyles: The Rise of Solo Drinking and Dining
In response to these changes, Seoul’s lifestyle is evolving rapidly. Whereas people once socialized over meals and drinks, solo drinking (‘honsul’) and solo dining (‘honbap’) are becoming more common. This shift mirrors similar cultural trends in Japan, leading to an increase in restaurants and bars designed for solo customers, featuring single-seat dining arrangements.
Additionally, Korea’s unique culture of ‘jeong’ (a deep sense of emotional connection and community) is fading. Previously, it was easy to strike up a conversation with strangers and even share tables with new acquaintances, but with the growing emphasis on personal space, social interactions are becoming less frequent.
Solo dining welcome, come on inSolo drinking welcome
Can Seoul’s Nightlife Regain Its Energy?
Although Seoul’s nightlife is changing, efforts are being made to revive it. Some areas are experimenting with late-night markets and special evening events to attract crowds, while certain bars and restaurants are adopting unique concepts to differentiate themselves.
However, if this transformation is not just a temporary trend but a fundamental shift in Seoul’s culture and lifestyle, the city may continue evolving in an entirely different direction. Whether Seoul can reclaim its status as a vibrant 24-hour city or will develop a new form of nightlife remains to be seen.
