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VanIslander

Joined: 18 Aug 2003 Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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Posted: Tue Jan 13, 2009 6:57 am Post subject: Imagine if there were post-dated cheques in Korea? |
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| How high would they bounce? |
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sojourner1

Joined: 17 Apr 2007 Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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Posted: Tue Jan 13, 2009 8:56 am Post subject: |
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| Bounce to the tune of 1 quadrillion won? |
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antoniothegreat

Joined: 28 Aug 2005 Location: Yangpyeong
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Posted: Tue Jan 13, 2009 9:04 am Post subject: |
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| that's why they dont have them |
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Xuanzang

Joined: 10 Apr 2007 Location: Sadang
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Posted: Tue Jan 13, 2009 5:23 pm Post subject: Re: Imagine if there were post-dated cheques in Korea? |
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| VanIslander wrote: |
| How high would they bounce? |
High enough to clear the US deficit and provide medicare for all. |
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diver
Joined: 16 Jun 2003
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Posted: Tue Jan 13, 2009 5:58 pm Post subject: |
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| If you could attach a seat to one, Korea would finally have its own manned space flight program. |
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sojusucks

Joined: 31 May 2008
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Posted: Sun Jan 18, 2009 11:25 pm Post subject: |
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A past newspaper article mentioned that many Koreans default on loans and now fewer Koreans have collateral for loans.
If post-dated checks were around in Korea, the economy would be much, much, much, much worse right now. |
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caniff
Joined: 03 Feb 2004 Location: All over the map
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Posted: Sun Jan 18, 2009 11:28 pm Post subject: |
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I've heard Asian countries in general don't use checking accounts, but I dunno if that's true.
Make of that what you will. |
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itaewonguy

Joined: 25 Mar 2003
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Posted: Sun Jan 18, 2009 11:29 pm Post subject: |
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when I first came to korea back in 97.. they had hire purchase!
I remember buying a stereo, dvd, tv, fridge and washing machine all with like 100K down and monthly payments!!
just like back home..
6 months into the payments the laws changed! NO MORE HP!!
to many defaults on the payments! hahahahaha
and 10 years later.. still no HP!! |
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