"I’m the guy on Instagram with $300,000 in debt in South Korea, living on $10 a day. That’s the concept of my content, but it’s also my real life."
"At one point, my total debt reached close to $1 million. I ran a company in electric mobility focused on smart charging systems, but it collapsed at the beginning of 2025."
"Difficulties in securing additional capital ultimately led to the business's collapse. The company's bankruptcy is finished, but my personal bankruptcy is not."
"I chose to study regenerative medicine because of a serious knee injury I suffered during a typhoon in South Korea years ago. I wanted to understand the human body and maybe fix my knee."
Kang Gwang-sik, a South Korean content creator, faced $300,000 in personal debt after his electric mobility startup collapsed. Initially, his debt reached nearly $1 million due to heavy investments in research and development. The shift in market focus from electric mobility to AI led to investor withdrawal and increased competition for funding. Despite his company's bankruptcy being resolved, he continues to navigate personal bankruptcy. His journey began with a stable career in regenerative medicine, driven by a personal injury that sparked his interest in electric mobility.
Read at www.businessinsider.com
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