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Free With Purchase? Man in South Korea Buys Kimchi Fridge, Finds $130,000(SGD) [USD$96K] Cash Taped Underneath
AsiaOne ^ | AUGUST 11, 2021 | Mohammed Zakaria

Posted on 08/11/2021 5:20:23 PM PDT by nickcarraway

Some big-ticket purchases come with gifts that we are quick to discard. But not for this South Korean man who found something far more valuable instead.

He discovered 110 million won (S$130,000) in cash hidden underneath a kimchi refrigerator that he had purchased online, reported MBC News on Monday (Aug 9).

While cleaning the fridge, he found hundreds of 50,000 won bills covered in plastic and taped under the household appliance.

Instead of keeping the money, the Jeju resident went to the police to lodge a report on Aug 6.

A police officer who handled the case told MBC: "It was a large amount of money. It was absurd because we rarely had such cases."

The police are still investigating those who sold the item as well as those who transported the cargo to trace the money trail.

While many would not associate kimchi fridges with secret stashes, The Korea Times reported in 2015 that there were some South Koreans who started to hoard cash in kimchi fridges due to low bank interest rates at the time.

If filled with 50,000 won notes, a kimchi fridge can hold more than one billion won, according to the report.

According to the Lost and Found Act in South Korea, if the rightful owner can't be traced within six months, the cash will belong to the individual who discovered it (after paying a 22 per cent tax, that is).

However, if the owner is found, five to 20 per cent compensation will be paid to the person who discovered it.

If the money is connected to a crime, it will then be handed over to the state.


TOPICS: Food; Local News; Weird Stuff
KEYWORDS: kimchi; money; singapore

1 posted on 08/11/2021 5:20:23 PM PDT by nickcarraway
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To: nickcarraway

How do you say, “Anton Chigurh,” in Hangul?


2 posted on 08/11/2021 5:23:44 PM PDT by Joe 6-pack
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To: nickcarraway

Why do people who stumble upon large sums of cash, jewels, gold etc feel the need to publicize it?


3 posted on 08/11/2021 5:24:21 PM PDT by monkeyshine (live and let live is dead)
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To: Joe 6-pack

LOL! Now will you kindly remove those chickens from the back of the truck?


4 posted on 08/11/2021 5:25:47 PM PDT by monkeyshine (live and let live is dead)
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To: nickcarraway; Tamar1973

I always knew kimchi was good for you.


5 posted on 08/11/2021 5:29:12 PM PDT by dynachrome ("I will not be reconstructed, and I do not give a damn.")
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To: monkeyshine

This one sounds like a contest, so it had to be publicized.

You’re right. You’d never hear from me that I won the lottery or something. The moment I cashed by cheque and deposited the money into my bank accout, I’d be gone to some place else.

There, I would play the role of a retired middle manager of a garbage collections. My responsibility was scheduling shifts.


6 posted on 08/11/2021 5:37:34 PM PDT by Jonty30 (My superpower is setting people up for failure, without meaning to. )
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To: monkeyshine
Why do people who stumble upon large sums of cash, jewels, gold etc feel the need to publicize it?

Because they have ethics?

In some cases, such as a stash of very old gold coins, it might not be wise to publicize it.

But in cases such as this, where there is a trail and a legal owner may be found, it makes sense.

7 posted on 08/11/2021 5:43:52 PM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries. )
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To: Joe 6-pack

Also tell him if he sees a flashy light thingy, throw it away immediately!


8 posted on 08/11/2021 5:54:44 PM PDT by Smellin Salt
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To: dynachrome

Word. I’m going to have some now.


9 posted on 08/11/2021 6:04:03 PM PDT by nickcarraway
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To: nickcarraway

The government will confiscate it most likely.


10 posted on 08/11/2021 6:11:54 PM PDT by libertylover (Our biggest problem by far is that most of the news media is hate & agenda driven, not truth driven.)
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To: dynachrome

How do you get past the smell?


11 posted on 08/11/2021 6:12:40 PM PDT by Bigg Red (Trump will be sworn in under a shower of confetti made from the tattered remains of the Rat Party.)
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To: Bigg Red

It’s the slimy texture that some have trouble with. Hot peppers in it are da bomb.


12 posted on 08/11/2021 6:13:58 PM PDT by dynachrome ("I will not be reconstructed, and I do not give a damn.")
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To: nickcarraway

Had to ask, what’s so special about a Kim hi fridge....

kimchi refrigerator is a refrigerator designed specifically to meet the storage requirements of kimchi and facilitate different fermentation processes. Kimchi usually becomes too sour when stored in a conventional refrigerator for about a week. In contrast, kimchi can be stored up to 4 months without losing its qualities in a kimchi refrigerator.[1] The kimchi refrigerator aims to be colder, with more consistent temperature, more humidity, and less moving air than a conventional refrigerator, providing the ideal environment for fermentation of kimchi. Some models may include features such as a UV Sterilizer.

In a consumer survey aimed at Korean homemakers conducted by a top-ranking Korean media agency in 2004, the kimchi refrigerator was ranked first for most wanted household appliance. $$$$


13 posted on 08/11/2021 6:16:56 PM PDT by Covenantor (We are ruled...by liars who refuse them news, and fools who can not govern. " Chesterton)
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To: dynachrome

I tried it once. It stunk up the place. Couldn’t take a second bite.

Hot peppers? No, thanks?


14 posted on 08/11/2021 6:21:48 PM PDT by Bigg Red (Trump will be sworn in under a shower of confetti made from the tattered remains of the Rat Party.)
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To: Bigg Red

And large amounts of garlic. People will stay away from ya. Haha.


15 posted on 08/11/2021 6:23:45 PM PDT by dynachrome ("I will not be reconstructed, and I do not give a damn.")
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To: monkeyshine
Why do people who stumble upon large sums of cash, jewels, gold etc feel the need to publicize it?

Because if the cash or whatever is loot that has been secretly or otherwise marked, if you’re caught with it, you’re in deep kimchi.

16 posted on 08/11/2021 6:33:07 PM PDT by fidelis (Defeatism and despair are like poison to men's souls. If you can't be positive, at least be quiet.)
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To: nickcarraway

“I love you G.I. long time.”


17 posted on 08/11/2021 7:26:00 PM PDT by Chauncey Gardiner
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To: Covenantor

Very interesting. Your post is a perfect example of the knowledge that so many FReepers share on FR. Thanks


18 posted on 08/11/2021 9:56:06 PM PDT by octex
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To: marktwain
But in cases such as this, where there is a trail and a legal owner may be found, it makes sense.

Also because if the money was crime-connected, the owners may send out the Korean version of Mr. Lefty and Mr. Fingers to track it down. (Think along the lines of "No country for old men.)

19 posted on 08/12/2021 8:28:01 AM PDT by Oatka
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