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Korean Job Discussion Forums
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Newbie
Joined: 07 Feb 2003
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 Posted: Mon Jul 28, 2014 7:33 am Post subject: |
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| jvalmer wrote: |
^^^
I love the term 'filled'. Considering there are only like 160,000 Korean-Canadian permanent residents/citizens in Canada. And basically, 130,000 of those are in the metro Toronto, and Vancouver areas. Throw in Alberta That only leaves like 20,000 Korean-Canadians to populate the rest of the county... |
Maybe his hometown is North York. That pocket between Yonge Street and Bayview from Sheppard to just north of Steeles is more or less filled with Koreans these days.
And while their may be 160,000 declared Korean PR/citizens in Canada, some estimate another 30,000-50,000 undocumented in Toronto alone
Sure "filled" is an exaggeration, but not really an egregious one. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Mon Jul 28, 2014 7:42 am Post subject: |
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| Newbie wrote: |
| jvalmer wrote: |
^^^
I love the term 'filled'. Considering there are only like 160,000 Korean-Canadian permanent residents/citizens in Canada. And basically, 130,000 of those are in the metro Toronto, and Vancouver areas. Throw in Alberta That only leaves like 20,000 Korean-Canadians to populate the rest of the county... |
Maybe his hometown is North York. That pocket between Yonge Street and Bayview from Sheppard to just north of Steeles is more or less filled with Koreans these days.
Sure "filled" is an exaggeration, but not really an egregious one. |
But how many actually live there? Sure they cluster their businesses, but... Like LA's Koreatown, where only like 30% of the residents are Korean, followed by Mexicans at around 25%. |
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cabeza
Joined: 29 Sep 2012
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| Posted: Mon Jul 28, 2014 8:00 am Post subject: |
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Yeah the word 'filled' disgusted me. I am disgusted. Officially.
In many ways it is hate speech. |
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Newbie
Joined: 07 Feb 2003
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| Posted: Mon Jul 28, 2014 8:17 am Post subject: |
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| jvalmer wrote: |
| Newbie wrote: |
| jvalmer wrote: |
^^^
I love the term 'filled'. Considering there are only like 160,000 Korean-Canadian permanent residents/citizens in Canada. And basically, 130,000 of those are in the metro Toronto, and Vancouver areas. Throw in Alberta That only leaves like 20,000 Korean-Canadians to populate the rest of the county... |
Maybe his hometown is North York. That pocket between Yonge Street and Bayview from Sheppard to just north of Steeles is more or less filled with Koreans these days.
Sure "filled" is an exaggeration, but not really an egregious one. |
But how many actually live there? Sure they cluster their businesses, but... Like LA's Koreatown, where only like 30% of the residents are Korean, followed by Mexicans at around 25%. |
Toronto's original Korea town is like that now, not many Koreans living there any more. But the "New Korea town" actually has a lot of them living in that area. The Condos around there are particularly appealing to them, and if you check out houses around Finch Ave East between Yonge and Bayview you'll find a good number of Koreans there. The big houses are a great choice for Koreans who want a house and a basement they can rent out to Korean students who've come to study English. Very easy access to the subway and close to Korean restaurants, shopping, hair salons, bars,, doctors, dentists, lawyers, etc. Plus the elementary and high schools near there are good for families. |
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chungbukdo
Joined: 22 Aug 2010
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| Posted: Wed Jul 30, 2014 3:26 am Post subject: |
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| You can |
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chungbukdo
Joined: 22 Aug 2010
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| Posted: Wed Jul 30, 2014 3:27 am Post subject: |
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You can live a better life in Canada or the US than in Korea with much less work and hassle.
My wife's family owns and factory and employs tonnes of engineers. They have a "nice" apartment for Korean standards, a couple black cars that are marginally "nicer" than other black cars, and can afford to do shitty golf in the horrible places to golf here.
My parents are decidedly dual income middle class and eventually we owned multiple houses on riverfronts, RV's, two boats, and even I could afford to buy a car at 16 with my part time job money. What Korean kid has his own car? My wife's fam makes bank and their lifestyle doesn't touch what an under 100k lifestyle does in Canada. Heck her Dad loves fishing and doesn't even own a boat. I had my boating licence at 12 and we were on the lakes all summer.
That's why people move. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Wed Jul 30, 2014 7:49 am Post subject: |
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| chungbukdo wrote: |
| even I could afford to buy a car at 16 with my part time job money. What Korean kid has his own car? |
That's because most 'good' Korean kids generally don't have part-time jobs, and aren't encouraged to. On top of that, you can't get your license here until you're 18. So it's kind of pointless for a 16 year old Korean kid to save money for a car that seems so 'far' in the future.
Literally, the only source of income for most Korean teens is sebae. Sebae is some kind of kowtowing-like ritual kids perform for their 'elders' done during Seollal (Chinese New Years). And in return the elders give them cash.
http://en.wikipedia.org/wiki/Korean_New_Year#Sebae |
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Steelrails
Joined: 12 Mar 2009
Location: Earth, Solar System
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| Posted: Wed Jul 30, 2014 8:24 am Post subject: |
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| chungbukdo wrote: |
You can live a better life in Canada or the US than in Korea with much less work and hassle.
My wife's family owns and factory and employs tonnes of engineers. They have a "nice" apartment for Korean standards, a couple black cars that are marginally "nicer" than other black cars, and can afford to do shitty golf in the horrible places to golf here.
My parents are decidedly dual income middle class and eventually we owned multiple houses on riverfronts, RV's, two boats, and even I could afford to buy a car at 16 with my part time job money. What Korean kid has his own car? My wife's fam makes bank and their lifestyle doesn't touch what an under 100k lifestyle does in Canada. Heck her Dad loves fishing and doesn't even own a boat. I had my boating licence at 12 and we were on the lakes all summer.
That's why people move. |
Uhm, do you know the difference between an asset and a liability/expense? I'd rather have the factory than the RV and the mortgaged riverfront properties and eternally depreciating boats.
My dad was part owner of a very successful accounting firm. You'd never know it by looking at our beat up farm house, his KMart clothes, and old cars. Even his plane was inherited from my my maternal grandfather and he restored it by hand. But he had wealth, not rich stuff. He paid himself a pretty low salary (paid some of his employees more, who DID have cottages and nice cars) and reinvested everything back into his company or into other investments. My uncle had a fishing cottage, nice house, imported car and everything, but he was in big debt. Growing up I thought he was "cooler" and had more money than my dad. I didn't get it until I was about 25 years old. My dad's father was president of Mutual Savings Bank, basically built the town of Bay City during the 1950s-1970s, my dad declined inheriting the position despite urging. My uncle took over and promptly ran the thing into the ground, narrowly avoiding incarceration. There's a reason my dad is sitting quite comfortably and on the board of every social group or club he is in and my uncle is now living in a studio. Even weirder, one of my uncle's daughter is also adopted Korean, and growing up we all thought she had the "cool dad", but after everything went down, we all realized that my dad was the one whom you wanted as your father.
The point is don't confuse fancy gadgets with real wealth and having a truly good lifestyle. Seriously, if your family had all of that on an under 100k income, I'd seriously wonder about their finances and ability to weather something like the mortgage crisis or other financial upheaval. There were A LOT of families who had that up until 2008-2009. Then, to borrow a phrase from Nigel Farage, it was like an Agatha Christie novel with everyone wondering who was going to be bumped off next.
And as jvalmer said, Korean kids can't even get their license until 18 (19?), so its ridiculous to use that as an example. What you don't think their rich parents can't afford to buy them a BMW? They do when they go to college.
That's not to say Korea is in any better shape. They got lucky last time around, but there's some big bubbles out there and lots of debt and the same thing that happened back home is coming here, and in many ways is already here. Lots of 'Hood Rich' Koreans who are in for a rude shock when the next market correction happens. |
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Who's Your Daddy?
Joined: 30 May 2010
Location: Victoria, Canada.
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| Posted: Wed Jul 30, 2014 4:17 pm Post subject: |
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^^He wasn't talking about income/assets, he was talking about quality of life. His point was a rich Korean can't live as well as an upper-middle class family in the US/Canada.
Reminds me of my uncle in the UK. He was pretty rich. But he had a boat, and a plane. He flew to other places in the UK for fun.
I know a doctor, he told me he makes 10 Mil a month. He has a large apartment, and a german car. But he's depressed and drinks like a fish. The hospital will only let him take 1 consecutive week vacation twice a year. His quality of life isn't that much better than the family making 2 Mil a month.
In Canada he'd be having a totally different life than a lower middle class worker. He could send his kids to the best private schools, own a boat, own a summer cottage, eat at high end restaurant. Here he's just got a bigger apartment and a better car. |
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