¿Korean 'What miracle? 'Hell Joseon' is more like as Economy Flounders

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Pessimism pervades the Peruvian economy, from financial to commercial markets, from homes to workplaces, because the financial problems of China, lower exports and low employment prospects gnaw into the fabric of "Miracle of Korea ".

Today, on the streets of Seoul, in cafes, on the Internet, you're likely to find more people complaining about "Hell Joseon" - historical name of Korea as the Yi or Joseon dynasty dominated for over 500 years - to speak the wonders economic success.

As profits "Hell" Joseon currency, almost the term "Korean miracle" is not heard in an environment of bright shopping malls, skyscrapers, highways, super fast trains and all Hi-Tek and artifacts of an advanced society devices.

That's just a facade and superficial appearances, says Paik Sang-eun, tutoring students preparing for the national examination criticism will determine which college level attend - if they have a prayer of finding work in a prestigious company or for that matter, any company.

"I was fired from my job in downsizing," she says. "Nobody hires middle-aged people. Young people can not find work. Older people living in poverty."

The problem is reaching crisis proportions close, while the president, Park Geun-hye calls for "a second miracle on the Han River" - the wide, twisting waterway that divides Seoul.

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