I used to get paid when the exchange rate was around 1100โ1200 KRW/USD and I invested in the US. Now itโs almost 1500 KRW/USD. This basically means Iโm operating on a 30% pay cut right now...
My salary got cut by 30%, but imported goods prices shot up, so the money flying out just for breathing has increased. Iโm seriously dying here.
I wish someone would do something about the exchange rate. Isn't 1480 KRW/USD literally an economic crisis? Honestly, I don't even know what the government is doing.
"OP is feeling the pain of a shrinking real salary, while commenters jump in to explain that dollar holdings only break even, and the government is probably fine sacrificing domestic woes for export wins."
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