A 41-year-old woman in Paju has been arrested for bludgeoning to death a 72-year-old private moneylender after drugging him with sleeping pill-laced soju [NoCut News, Korean]. The woman claimed she did so because the elderly gent kept using her 2 million won debt to him to demand sex.
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8 Comments
A worthy related background story on all of this can be found here.
I see that Jjunae junjeng must be a popular show over there…
somehow, “shark” just doesn’t seem to cut it as a descriptor for these people. but more importantly, there is nothing new about this phenomenon. the “curb market” has been around for decades now.
Damn… only guys owe me money. LOL.
Hope I can demand sex when I’m 72.
#5, Me too. I’m just worried I’ll get the same response I get now.
Actually, there is a real loan shark problem in Korea. Over the last year, I have seen more and more loan shark stickers up in expensive neighborhoods where there have been none in the previous years. I have been playing hide and seek with this one fellow in my neighborhood, who has been stickering all over.
Judging from this mess and the Joongang article, it needs more than the national tax service to put an end to this. I wonder if someone will find the backbone to do the right thing (?).
“Actually, there is a real loan shark problem in Korea.”
The real source of the problem is people who don’t know how to manage their money. Is it really that difficult to understand that you can’t possibly pay off several loans taken out at an interest of 150% if you’ve already run your business into the ground? Besides, these loans don’t all go out to keep the business running. They are often used to continue living beyond their means. I know for a fact that you can’t get a loan from any money lender if you don’t have considerable amount of collateral, such as a valuable car(where did you think the used car lots get all those new luxury sedans and SUVs? They were repossessed by loan companies) or a large apartment. Want to save the business? Sell your brand new Santa Fe and replace it with a Tico and put your apartment for sale in order to rent a smaller one. It’s that simple.