"Let's Take Out One More Loan Before I Quit" Parents Caught Up in Coins and Stocks Ask Their Child for Money [What Do You Think?]

[Financial News] A story has emerged about parents repeatedly asking their child in their 20s, who works on a contract basis, to take out loans and then using the money for stock and coin investments.
On the 19th, a post titled "My parents keep asking me to take out loans" appeared on the workplace community Remember.
The writer was A, a person in their 20s who had finished graduate school and was working under a contract. A said the repeated loan requests from their parents were causing financial strain and psychological pressure.
According to A, the parents had fallen into debt during their business and were in a difficult financial situation. A explained, "They asked me to take out a loan as soon as I got a job," and added, "My parents ran a business, got into debt, and things were not going well. At first, I gave them about 20 million won." A continued, "I gave it to them to cover urgent living expenses, but my father lost that money after investing it in coins."
Even after the first loan, the father's demands continued. A said the father told them to borrow up to the maximum limit from a secondary financial institution, and that A took out an additional loan of about 30 million won and handed it over, but that money was also used for the father's coin investments.
A also said the mother turned to stock investing to cover living expenses and ended up with losses. A added, "My mother tried to make money for living expenses through stock investments, but she suffered losses and is now going out to work," and "My parents are not prepared for retirement at the moment."
A said they had also told their boyfriend about the debt. A said, "I told my boyfriend, whom I plan to build a future with, about the debt, and he said it was fine," but added, "In reality, I feel so ashamed that the loan money went into my father's coin investments."
The request for another loan was repeated during A's recent visit to their parents' home. A said, "My parents heard that my contract period is almost over and talked about taking out one more loan before I quit."

A said their parents send money every month, but they still do not feel at ease. A said, "My parents give me money every month, but I feel really bad," and asked for advice, saying, "Since my parents will pay it back anyway, is it right for me to just take out the loan for them?"

Netizens criticized the parents' repeated loan demands. They said, "Parents should be responsible for their own debts, not their children," and added comments such as, "It's no different from pouring water into a bottomless pit."

hsg@fnnews.com Han Seung-gon Reporter