Cash-strapped young South Koreans turn to pawn shops, using tech gadgets as collateral

A pawn shop in Hongdae that specialises in tech devices. - Lee Yong-seok

SEOUL (The Korea Herald/Asia News Network): Pawn shops have been seen as relics of the past, from a time when instant cash loans were not so readily available with just a few clicks.

But though many perished, a new breed of shops has emerged, catering to clients who possess expensive gadgets or luxury goods but are temporarily cash-strapped.