This sounds bad. 😬

"In the past five weeks, the market has collapsed, shedding almost 40 per cent, and threatening the livelihood of millions of South Koreans...

More than a million South Koreans are underwater as a result of the crash, and several hundred thousand have lost everything, and then some.

They borrowed to the hilt to take part in a frenzied splurge on technology stocks, particularly memory chip makers, in a market now experiencing a savage reversal.

Nothing, not even the stellar earnings of the country's two biggest chip makers, has been able to stem the panic, primarily because the debt that fuelled the stock market boom is now accentuating the crash."

#AI #Stocks #tech #technology #SouthKorea #economy #bubble

There's a trend in #SouthKorea called " #dopamine sites"

Fake shopping websites for deriving pleasure just choosing and ordering

"One popular site, FoodNeverComes, mimics a food delivery app where you can compare menu items, read reviews, pick your favorites, fill your cart, and even watch a virtual courier make progress toward your house on a live map"

I would never wile away my time for a dopamine hit... Oh! Someone gave a me a favorite on #Mastodon!

psychologytoday.com/us/blog/po…

#psychology

Fun fact Europe doesn’t need the strait of Hormuz . Their oil came primarily by the Red Sea.

For Europe it is 3.8 % of the traffic of this region , for the UFA it is 2.5 %
Asians countries are more impacted . 89 % of the traffic.

But as prices are global , we can say that everybody is affected by their fucking idiocracy.

visualcapitalist.com/charted-o…

#europe #eu #boycottusa #china #southkorea #japan #india #iran

Yet another reason why we need to organize everywhere!

We have more power when we work together!

Samsung union suspends strike after reaching tentative deal on bonuses - Engadget

engadget.com/2178315/samsung-u…

#Samsung #Union #Strike #SouthKorea #Tech