Dear @joeyarnoldvn , The value of dollar is getting bigger and bigger in korea. Koreans with dollars can live like nobles.
Koreans believe that a crisis in the Chinese economy is coming. So, They want to have dollars as a safe asset.
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I hope you enjoy that bubble. What the dollar does in Korea is only a small piece of a much bigger pie. Korea is only one slice of a pie. Remember what happened in Venezuela as hyper inflation set in. Koreans will regret being insane with the dollar. Someday, you will be crying very badly. I tried to warn you.
I agree with you. By the way, we cannot know the future. Koreans want to hold the dollar in case China's bubble economy collapses. When the global economic crisis hits, the US dollar will be a safer asset than the euro in Europe, the renminbi in China, and the yen in Japan.
The dollar is connected to China. That is why people run away to Bitcoin.