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GomTV and Monetary Policy?

Blogs > PopeTimusPrime
Post a Reply
PopeTimusPrime
Profile Blog Joined September 2010
United States36 Posts
May 10 2011 02:37 GMT
#1
Hey guys,

I've followed the GSL since day one and I still remember when they announced the 100,000,000 WON prize for GSL 1. Like every other person on TL (or so I presume) I googled how much that was in USD and it came out to roughly $85,000.

Fast forward to today. I saw the new GOM tournament and noticed that, yet again, the prize was 100,000,000 WON. I had forgotten what the original amount was in USD (I've since google'd it) but, to my surprise, the prize pool has jumped to $92,500.

I thought it was pretty cool to be seeing economics and starcraft so closely intertwined ^^. I wonder if Korea is strengthening or if America has just declined that much. Pretty interesting none the less. Might explain those damn gas prices lol

Trowabarton756
Profile Blog Joined May 2008
United States870 Posts
May 10 2011 02:56 GMT
#2
both
http://www.teamliquid.net/video/streams/Trowabarton756
Sermokala
Profile Blog Joined November 2010
United States14174 Posts
May 10 2011 02:58 GMT
#3
On May 10 2011 11:56 Trowabarton756 wrote:
both



short and yet extremely accurate well done.
A wise man will say that he knows nothing. We're gona party like its 2752 Hail Dark Brandon
JeeJee
Profile Blog Joined July 2003
Canada5652 Posts
May 10 2011 03:01 GMT
#4
huh?
economics and starcraft so closely intertwined? because exchange rates exist? i'm confused

but yeah if you were to take a look at how the usd fared against a lot of currencies over the past year, you'll notice a uniform decline. sample screenshot below:
[image loading]

by comparison, krw doesn't follow the same (or inverse) trend, so no, i don't really agree with the above statements of 'both' being as accurate.
(\o/)  If you want it, you find a way. Otherwise you find excuses. No exceptions.
 /_\   aka Shinbi (requesting a name change since 27/05/09 ☺)
PopeTimusPrime
Profile Blog Joined September 2010
United States36 Posts
May 10 2011 03:13 GMT
#5
On May 10 2011 12:01 JeeJee wrote:
huh?
economics and starcraft so closely intertwined? because exchange rates exist? i'm confused.


I thought exchange rates were based on the relative strengths or weaknesses of two distinct economies? idk though. i just made the blog because its rare that I really look at that kinda stuff and here I am having google drop a knowledge bomb on me.
PetitCrabe
Profile Blog Joined September 2010
Canada410 Posts
May 10 2011 03:15 GMT
#6
Well obviously, the more Koreans play starcraft, the more minerals are being mined, the more Korean Won takes value... DUH
LLXC
Profile Joined September 2009
United States125 Posts
May 10 2011 08:35 GMT
#7
Dollar has been getting weaker and weaker...

Now, starcraft and economics being intertwined? That's really stretching...
Ivs
Profile Joined January 2008
Australia139 Posts
May 10 2011 10:16 GMT
#8
This disparity is only interesting since you are valuing it using the US dollar as a base currency. It really has nothing to do with starcraft or gomtv, but just economic fluctuations. To a Korean, it's still the same prize money.
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