Pawnshops Booming Through Economic Slump
Friday, December 26, 2008 : PermalinkKorea Times – Getting wedding invitations has become a new stress factor for 28-year-old Cho Mi-young who already has three to attend next month. That’s because each event costs her about 50,000 to 100,000 won on congratulatory cash gifts.
Knowing that a bunch of her other friends and coworkers are getting married in the next few months, Cho decided to give up her four-year-old Prada bag and like-new Celine pumps to comfortably shoulder the expense.
“I’ll be less burdened if I secure the money ahead of time,” said the middle manager at a Seoul hotel, who recently lost nearly 50 percent of her savings through investments in Asia-focused hedge funds.
Tags: asia, cash gifts, cho, coworkers, investments, korea-times, money, prada, pumps, seoul hotel, stress factor, wedding invitations
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