Comments on: Korean Stocks Slide, Won Soars Due to Economic Fears http://rokdrop.com/2008/10/06/9446/ Korea From North to South Sat, 26 May 2012 03:21:22 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: USinKorea http://rokdrop.com/2008/10/06/9446/comment-page-1/#comment-234990 USinKorea Tue, 07 Oct 2008 08:21:32 +0000 http://rokdrop.com/?p=9446#comment-234990 I was in Korea for the IaMF period too and left when the Won was just getting back to reasonable for me. I think it was at 790 when I arrived, but within a year and half to two years, was at 1300 if I was lucky. I came home for a vacation during the worst of 1997-98 collapse, and I had a picture of myself at the airport bashing my head against the exchange rate sign that showed the dollar at 2100 to the won... Many ESOLers have to send money home to pay off college loans and credit card debt. Having their salaries but in half or 1/3 really sucks. I remember I paid off some personal family debt by buying my mother jewelry to bring with me on vacation instead of dollars. I was in Korea for the IaMF period too and left when the Won was just getting back to reasonable for me.

I think it was at 790 when I arrived, but within a year and half to two years, was at 1300 if I was lucky. I came home for a vacation during the worst of 1997-98 collapse, and I had a picture of myself at the airport bashing my head against the exchange rate sign that showed the dollar at 2100 to the won…

Many ESOLers have to send money home to pay off college loans and credit card debt. Having their salaries but in half or 1/3 really sucks.

I remember I paid off some personal family debt by buying my mother jewelry to bring with me on vacation instead of dollars.

]]> By: Songtan1 http://rokdrop.com/2008/10/06/9446/comment-page-1/#comment-234892 Songtan1 Tue, 07 Oct 2008 04:49:18 +0000 http://rokdrop.com/?p=9446#comment-234892 I predict the Won will be over 1400 sometime early on Wed, 8 Oct 08, ROK time. I predict the Won will be over 1400 sometime early on Wed, 8 Oct 08, ROK time.

]]> By: Hamilton http://rokdrop.com/2008/10/06/9446/comment-page-1/#comment-234670 Hamilton Mon, 06 Oct 2008 20:20:13 +0000 http://rokdrop.com/?p=9446#comment-234670 I'm cornering the creamer market, sliding won and it's on sale at the corner supo! I'm cornering the creamer market, sliding won and it's on sale at the corner supo!

]]> By: GI Korea http://rokdrop.com/2008/10/06/9446/comment-page-1/#comment-234653 GI Korea Mon, 06 Oct 2008 19:43:50 +0000 http://rokdrop.com/?p=9446#comment-234653 Sonagi good point, I forgot about the English teachers getting paid in won. This definitely sucks for them. I doubt though that the exchange rate will stay this way long term. Sonagi good point, I forgot about the English teachers getting paid in won. This definitely sucks for them. I doubt though that the exchange rate will stay this way long term.

]]> By: The Clam http://rokdrop.com/2008/10/06/9446/comment-page-1/#comment-234633 The Clam Mon, 06 Oct 2008 18:57:58 +0000 http://rokdrop.com/?p=9446#comment-234633 I am super pissed about this!!! I don't send money back to the US or anything, but this is awful. A bad dollar and a bad won just sucks. Almost time to move on, eh? I am super pissed about this!!! I don't send money back to the US or anything, but this is awful. A bad dollar and a bad won just sucks. Almost time to move on, eh?

]]> By: Sonagi http://rokdrop.com/2008/10/06/9446/comment-page-1/#comment-234482 Sonagi Mon, 06 Oct 2008 14:18:17 +0000 http://rokdrop.com/?p=9446#comment-234482 LOL @ Mike. What's funny about GI's remark is that he seems to have forgotten that many of his readers live on the economy. That exchange rates brings back horrible memories of IMFing. LOL @ Mike. What's funny about GI's remark is that he seems to have forgotten that many of his readers live on the economy. That exchange rates brings back horrible memories of IMFing.

]]> By: mike http://rokdrop.com/2008/10/06/9446/comment-page-1/#comment-234389 mike Mon, 06 Oct 2008 11:19:52 +0000 http://rokdrop.com/?p=9446#comment-234389 It took me about five minutes of staring at this entry to figure out why you were happy about this....I suppose it should have been pretty obvious that US Army doesn't pay in won. It took me about five minutes of staring at this entry to figure out why you were happy about this….I suppose it should have been pretty obvious that US Army doesn't pay in won.

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