09 Aug '11, 9am

Baby boomers caught between tradition, future

Baby boomers caught between tradition, future

The Korea Herald/Asia News Network Tuesday, Aug 09, 2011 SEOUL - Choi became chief executive of a subcontractor to a large company in 1997, months before the country was hit by the Asian financial crisis. He was still in his early forties, ambitious, confident and, above all, good at his work. Then the economy crashed leading the country to be bailed out by the International Monetary Fund. Like many other businessmen at that time, he struggled hard to keep afloat, but both the subcontractor and its parent company went bankrupt. After that, he did "whatever he could do" to make a living and support his children. He started two unsuccessful venture firms with his former colleagues and worked as a part time instructor at a vocational school on the outskirts of Seoul. He still lives a tough life with little sign of improvement. To make ends meet amid soaring living costs, he w...

Full article: http://www.asiaone.com/News/Latest%2BNews/Asia/Story/A1St...

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