Korean Dramas Mirror Economic Hardships While Providing Emotional Refuge for Struggling Viewers

Sayart

sayart2022@gmail.com | 2025-10-28 17:36:07

As South Korea grapples with a sluggish job market and growing social isolation, a new wave of Korean television dramas is striking a chord with audiences by reflecting the harsh realities of contemporary life while offering much-needed emotional comfort. These shows tackle everything from middle-aged corporate anxiety to young adults' desperate financial situations, creating a bittersweet form of entertainment that both acknowledges and provides temporary escape from societal pressures.

The timing of these dramas coincides with troubling economic indicators. Employment rates among South Koreans aged 15 to 29 dropped to 45.1 percent last month, falling 0.7 percentage points from the previous year and marking the longest decline in 17 months since the 2008 global financial crisis. The job shortage has become so severe that some young people have fallen victim to voice phishing schemes in Cambodia that promised high earnings, only to find themselves trapped by criminal organizations. Meanwhile, older workers face their own struggles, with many experiencing forced early retirement in their 50s and leaving major corporations in unprecedented numbers.

JTBC's "The Dream Life of Mr. Kim," now streaming on Netflix, exemplifies this trend by following Kim Nak-su, played by Ryu Seung-ryong, a stereotypical middle-aged corporate manager. After 25 years as a sales representative who has never missed a promotion, Kim appears to have achieved the Korean middle-class dream: he owns a Seoul apartment, has sent his son to university, and possesses sharp sales skills. However, beneath this facade of success lies a fragile reality where younger managers are surpassing him at work and his authority at home is diminishing.

The series captures Kim's internal struggle between his fear of being asked to retire and his burning ambition to reach an executive position. In moments of desperation, he sneaks into the managing director's office early in the morning, sitting in the chair and pretending to be an executive. When a colleague who has been stuck at the assistant manager level for decades gets demoted and transferred to Ulleung Island, Kim feels relief rather than sympathy, thinking "Thank goodness it's not me." The show brilliantly portrays his self-centeredness through scenes like a team meeting where he calls for a heart-to-heart talk but ends up only discussing himself, or family dinners where his one-sided communication style creates conflict with his entrepreneurially-minded son.

Another current drama, tvN's "Typhoon Family," available on Netflix, takes viewers back to Seoul during the 1997 Asian financial crisis, following a young company president and his employees as they struggle to keep their mid-sized firm, Typhoon Trading, afloat. This historical setting provides a lens through which to examine how little has changed in terms of economic uncertainty and social inequality over the past three decades.

Culture critic Jung Duk-hyun explains the appeal of both shows, noting that they "channel the collective sense of helplessness and a closed-off future into forms of fantasy, portraying and compensating for the realities people face today." He points out that "The Dream Life of Mr. Kim" tells the story of a man who came of age during the Asian financial crisis and now occupies a manager's position, while "Typhoon Family" is a coming-of-age story about young people trying to survive during that same crisis period.

Jung emphasizes how these dramas explore the fundamental shifts in society and values that occurred after the 1997 crisis: "There used to be this idea that a company was a lifelong employer – a company would take care of its people. After the Asian financial crisis, that kind of security simply became impossible." Both shows serve as realistic examinations of middle-aged disillusionment, forcing characters and viewers to question whether they've truly lived well and what success really means in modern Korea.

The focus on financial desperation extends to younger demographics as well. MBC's "To the Moon," streaming on KOCOWA and concluding this weekend, centers on women in their 20s and 30s who cannot survive on their salaries alone and turn to cryptocurrency investment as a potential solution. Based on Jang Ryu-jin's novel of the same name, the drama follows Jung Da-hae, played by Lee Sun-bin, who lives in a deteriorating, leaky studio apartment and dreams that her next cryptocurrency gain might finally allow her to pay off her student loans.

The housing crisis, another pressing issue in contemporary Korea, features prominently in SBS's romantic comedy "Would You Marry Me?," available on Disney. The show builds its realism around housing fraud, which has become an epidemic problem in modern Korea. Protagonist Meri, played by Jung So-min, loses both her fiancé and her housing deposit in a scam, then convinces a man who shares her ex's name to pose as her husband so she can win a housing lottery designated for newlyweds. While the premise provides absurd humor, it doesn't soften the underlying sting of how romance and real estate have become inextricably linked in Korean society.

These dramas reveal deeper societal issues that extend beyond entertainment value. Jung observes that "these stories show that young people's futures feel completely blocked... Why do so many turn to crypto or get dragged into overseas scams? It's because making money through legitimate means has become virtually impossible." He argues that dramas attempt to compensate for this deprivation by offering alternative narratives: "'Typhoon Family' fills the void by nostalgically portraying an era when ambition and effort could still change one's fate."

Yun Suk-jin, a professor of Korean language and literature at Chungnam National University, agrees that these dramas share a sense of hopelessness that transcends genre boundaries. "The characters chase impossible escapes – sudden Bitcoin fortunes or a lucky lottery win – because the idea of slow, steady success has disappeared," he explains. Yun notes how these shows made him reflect on current workplace realities: "Even today, private companies keep shortening the retirement age. People are still being pushed into early or forced retirement. No matter how talented or successful someone is, they have to outdo a colleague just to move up."

The professor's observations highlight the continuing relevance of these themes decades after the original financial crisis. "It made me wonder how different things really are from the Asian financial crisis years," Yun reflects. "It feels bitter to realize that after devoting your whole life to your work, once you're no longer seen as useful, you can be thrown aside like something that's outlived its purpose." This sentiment captures the essence of why these dramas resonate so powerfully with audiences who see their own struggles and fears reflected on screen, finding both recognition and temporary solace in stories that acknowledge their pain while offering brief moments of hope and humor.

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