Squid Game is the 2021 sensational web series. The Korean Netflix web series is taking the world by storm from America to India it has taken over people’s bing list and making its way to the top of the charts.
There is only one person who will get to live to tell the story among the 456 participants in that game. In the name of a children’s game, the squid game takes lives for every elimination. The story follows around characters that have all fallen into debt and are in need of urgent money and would do anything for it and they get an opportunity to make millions of it unless they survive it.
But is it really just a web series or is it something that is happening really in South Korea?
Many people in South Korea are relating their lives to this show.
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Yu Hee-sook, who is approaching retirement age borrowed some money for necessities in the past and then settled the amount. But, she still gets calls from collection agencies. She has also been threatened with seizure of bank accounts. Agencies also often have open castings that you can attend to get selected.
South Korea is in big debt. The people there think that it is better to die than to meet. The world associates South Korea with the popular boyband BTS, cute romantic dramas but Squid Game has indeed shown the dark side of the country with raising economy it has become difficult for people to meet ends. They are all constantly looking for ways to survive and not fall into debt.
50 thousand debt-ridden people were stuck with bankruptcy according to court statistics show that in 2020 there were more than 50 thousand. Korea Credit Information Services says the number is much higher than in the past five years.
South Korea tops the list of countries with the highest number of suicides in the most advanced countries.
Small business owners and people with small jobs take credit to support their financial needs and pay interest but the interest sucks up all their money and they are unable to clear off their debt and it takes them a decade to do so. Besides the banks are not very cooperative they do not give an opportunity to repay and in recent years, the line between personal and business lines has been blurred.
South Korea is a country that provides technology. It also promotes startups. But with the salient advantages, you must know some of the disadvantages as well. As a result, people like Ryu Kwang Han have had to wait years for a loan.
The Squid game series, which was released on Netflix on September 17, has been viewed by 142 million people so far, according to Netflix. The series has also grown to 4.38 million subscribers in recent times. Wong Dong-hyuk announced that the series was based on the realities of South Korean society.
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