TV persona Cho Younger-gu has opened up about his failed inventory investments, saying he misplaced 2.1 billion gained ($1.6 million) and even struggled with temper swings as his funds deteriorated.
Cho appeared on comic Kim Gu-ra’s YouTube channel in an episode launched Wednesday. Within the video, Kim mentioned Cho had beforehand revealed on one other program that he had practically 3.5 billion gained in unpaid loans and, mixed with inventory losses, was going through complete monetary damages of shut to five billion gained. Kim mentioned Cho is now determined, taking up round 20 to 30 occasions a month.
Cho clarified that his inventory market loss alone amounted to 2.1 billion gained. “I began investing in shares in 2008, and the whole I blew was precisely 2.1 billion gained,” he mentioned. “Shares precipitated me numerous stress.”
He mentioned the impression went past cash and into his dwelling life. “It affected my as soon as glad household,” he mentioned. “When inventory costs went up, I felt nice, and once they fell, I obtained livid. As they stored fluctuating, I developed temper swings, and I ended up in a scenario the place even my household didn’t actually acknowledge me.”
Cho mentioned he pulled himself out of the droop by specializing in work and his well being. “I had numerous jobs and tried to stay as diligently as I might,” he mentioned. “At any time when I had a spare second, I exercised.”
He traced the beginning of his issues to early success. “The start of the tip was that I made an enormous revenue on my first funding,” he mentioned. He mentioned that he began with 20 million gained, earned 10 million gained in simply two weeks, and developed the phantasm that “cash was simple.” He added, “From 2.5 billion gained, I’m now right down to 450 million gained.”
Cho additionally admitted he has lent tens of billions of gained to acquaintances through the years. “I consider I’ll get the cash again sometime,” he mentioned. “I hope the individuals who borrowed it overcome their hardships and return it. I would like them to succeed.”
This text from the Hankook Ilbo, the sister publication of The Korea Occasions, is translated by generative AI and edited by The Korea Occasions.
