This week Jun and Daniel discuss a few of the biggest headlines in Korean news during the month of May 2024: Min Hee Jin’s ongoing legal battle with HYBE, Naver being asked by the Japanese government to give up control of LINE, famous celebrities Psick Univ and Kang Hyung-wook getting canceled, and the Korean government’s attempted ban on overseas direct purchasing. Why does there appear to be such a stark contrast between how Koreans are reacting to Min Hee Jin, compared to non-Koreans? What are some common criticisms that Westerners have of Min Hee Jin, and do they resonate with Koreans? What is LINE, and why is the Japanese government pushing for Naver to give up control over the product they built? Do our hosts agree on the fairness of such a move? How does this compare to the US threatening to ban TikTok unless it’s parent company ByteDance gives up control? Or is it more similar to another decision the Korean government has made regarding a foreign digital service? How are geopolitics playing into this? What exactly is overseas direct purchasing, and why is the Korean government banning it for certain products? What is underlying this decision by the Korean government? What is a customs number, and why is it such a foreign concept for most Americans? What is Psick Univ and what caused their recent backlash? Who is Kang Hyung-wook, and what is the allegation against him? Why is cancel culture in general seemingly much stronger in Korea?

If you're interested in any of these questions, tune in to hear Daniel and Jun discuss all this and more! Also in this episode, our hosts reveal why they each prefer purchasing their Apple products in the US, as well as having a good laugh about the meaning of the Korean term for childhood friends.

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As a reminder, we record one episode a week in-person from Seoul, South Korea. We hope you enjoy listening to our conversation, and we're so excited to have you following us on this journey!

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This week Jun and Daniel discuss Daniel’s recent experience attending an event at his 4-year-old’s preschool– sports day! Sports day (운동회) in Korea is a classic elementary school tradition that would evoke very fond memories to most anyone who grew up there. For Americans, imagine field day, but even bigger, more official, and standardized across all schools. What were the classic events that all Koreans would know? How were children typically divided up? What is humorous about how the score is kept? How competitive is it? How similar was Daniel’s experience to what Jun recalls from his childhood? What was traditionally the most important and memorable part of sports day that Daniel found surprising? How would this work differently had it been done in America? What about sports day is reflective of Korean society at large? And what remnants continue to be seen in modern Korean corporations and Korean American church communities alike?

If you're interested in any of these questions, tune in to hear Daniel and Jun discuss all this and more! Also in this episode, Daniel finally connects the dots with the name of a famous landmark in Seoul, Jun waxes nostalgic and makes Daniel wish he could have grown up in 1990s Daegu (at least for one magical autumn day), and both bond over a surprising shared memory of youth in the US.

Support the Show.

As a reminder, we record one episode a week in-person from Seoul, South Korea. We hope you enjoy listening to our conversation, and we're so excited to have you following us on this journey!

Support us on Patreon:
https://patreon.com/user?u=99211862

Follow us on socials:
https://www.instagram.com/koreanamericanpodcast/
https://twitter.com/korampodcast
https://www.tiktok.com/@koreanamericanpodcast

Questions/Comments/Feedback? Email us at: koreanamericanpodcast@gmail.com

This week Jun and Daniel discuss the housing payment system of jeonse (전세), or key money deposit, that is unique to South Korea amongst all OECD countries. Roughly 50% of renters in Korea are living with a jeonse, and in 2022 the average jeonse price in Seoul was $500,000. For the first few months after moving to Korea, Daniel had to ask almost every Korean person he met about the jeonse system, because of how foreign and unsustainable it seemed. What is a jeonse, and how does it work? What are some other aspects of the Korean real estate ecosystem that work together with jeonse? How do Koreans and Americans think differently about real estate, at a very fundamental level? How do Koreans manage to get such a high deposit amount? What is appealing about this system to Koreans? What are the other options available to renters besides jeonse? What does the day of look like when Koreans move into a jeonse? What role do real estate agents play in Korea? Is there an equivalent to the escrow system that exists in America? What is an important factor in real estate investing that isn’t important in the US? What are the cracks that are beginning to appear in the jeonse system in particular, and the overall Korean real estate ecosystem more broadly?

If you're interested in any of these questions, tune in to hear Daniel and Jun discuss all this and more! Also in this episode, Daniel and Jun discuss where in Seoul they would want to move, if they were to move out of their current city.

Links
https://en.wikipedia.org/wiki/Jeonse

Support the Show.

As a reminder, we record one episode a week in-person from Seoul, South Korea. We hope you enjoy listening to our conversation, and we're so excited to have you following us on this journey!

Support us on Patreon:
https://patreon.com/user?u=99211862

Follow us on socials:
https://www.instagram.com/koreanamericanpodcast/
https://twitter.com/korampodcast
https://www.tiktok.com/@koreanamericanpodcast

Questions/Comments/Feedback? Email us at: koreanamericanpodcast@gmail.com