A Korean secret to keeping friendships strong: Savings groups
Wednesday, 19 June 2024
Euncheol Shin, an economics professor in Seoul, explains the global history of collective financial planning. Gyemoim in South Korea thrives due to social interactions and trust, with some banks like KakaoBank offering group accounts for collective savings. Coffee shops in Seoul exemplify the culture's trust, with some banks adapting to this custom.
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