8.4, South Korea's index is the highest in 21 years

The Yonhap News Agency reported on the 20th that the results of the data analysis of the statistical department announced on that day of the South Korean Communist Democratic Democratic Party Councilor showed that the South Korean "economic pain index" was 8.4, the highest record since May (9.0) in May 2001. The "Economic Pain Index" refers to the degree of economic difficulty of the public, which is the sum of the increase rate and unemployment rate for consumers. The economic downturn, coupled with Korean stock markets and virtual currencies, have plummeted, and the Korean civilian class that has frequently "cut chives" feels the heavy burden of life.

South Korea's "Asian Economy" reported on the 20th that since the relaxation of the new crown -prevention pollies, the South Korean employment market has improved, and the unemployment rate in May is 3.0%, the lowest value since 2013. However, the price increase rate of consumers in South Korea was 5.4%in the month, the highest increase since August 2008 (5.6%). Since the beginning of this year, the prices of major necessities in South Korea have risen sharply, and office workers who choose low -priced convenience stores have gradually increased. Statistics released by the chain convenience store CU show that 75.2%among the people who buy convenience stores in May are young people in their 20s to 30 years old. At the same time, the continuous rise in oil prices further increased the burden on the people's lives. "Giving up and seeking far away" chose to increase car owners with low price gas stations.

In addition, the recent plunge in the Korean stock market has also made South Korean investors anxious. Yonhap News Agency said on the 20th that the South Korean Comprehensive Stock Index (KOSPI) and the GEM Index (KOSDAQ) fell sharply on the same day to refresh the lowest point of the year. The analysis believes that the net reduction of foreign investment in the securities market is 665.3 billion won (about RMB 3.44 billion), which leads to a decline in the stock price. In addition, after the Federal Reserve ’s recent radical interest rate hikes 75 basis points, the market was concerned about the economic recession, which led to a severe decline in the global stock market.

The decline in the stock market has also caused many Korean investors to have psychological diseases. South Korea's "Central Daily" reported on the 20th that the country's 32 -year -old office worker Xu Mou recently found a mental health doctor to consult. The South Korean stock market plummeted, and his investment has lost 10 million won. He said that he chose "good investment projects" such as large -cap stocks and virtual currencies, but as the stock market and virtual currencies plummeted, their moods were like roller coasters every day. Similar situations are not uncommon among Korean young investors. Many people suffer from depression and insomnia. A mental health hospital in Middle Road in Seoul recently stated that recently, the consultation and consultation that affects normal life because of the stock market and other investment is doubled than usual, and many of them are young people.

Source: Global Times Special Reporter/ Zhang Jing

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