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Economy

'Sinkhole' movie resonates with Koreans who can't afford homes

Price-to-income ratio of houses in Seoul rose to an all-time high last year

The economic themes of the film "Sinkhole" are playing out in real life. A study by the land ministry found that the rate of home ownership in South Korea fell last year for the first time since 2014. (Screenshot from Showbox's website) 

SEOUL -- In "Sinkhole," this summer's South Korean blockbuster, the breadwinner of the Park family toils in an office, putting away every spare penny toward his goal of buying a home. After 11 years of work, he cobbles together enough savings to purchase an apartment, an increasingly important milestone and class distinction in his country.

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