Chapter 142: Dismember Korea
As of November 17, 4 pm.
The devaluation of the Korean won reached its highest peak in history.
The exchange rate of the Korean won to the U.S. dollar fell to a record 1008:1, which means that 1008 won can be exchanged for 1 U.S. dollar.
On this day, whether it is Zhuke’s Gale Capital or a group of international speculators who short the Korean won, they all ate their fill.
Zhuke’s Gale Capital earned more than US$10 million, not to mention it, Merrill Lynch, one of the five largest investment banks on Wall Street, is the most powerful one today.
"Boss, according to reliable sources, Merrill Lynch sold the Korean Won futures contracts worth 9 billion U.S. dollars in just a few hours today, directly smashing the Korean Won foreign exchange market!"
Henry said solemnly.
"Hiss~!"
In an instant, Zhuke gasped.
"In a few hours, shorting the $9 billion Korean won futures contract, Merrill Lynch is definitely a **** plan for a long time!"
Zhu Ke said solemnly: "South Korea’s foreign exchange reserves, according to intelligence, are less than 7 billion U.S. dollars, which means that the South Korean government has no resistance at all."
Henry Jugenberg also nodded.
In terms of foreign exchange reserves, the Korean stick really can't keep up with the Japanese kids.
The private capital of the little devil and the government can provide at least US$200 billion in foreign exchange reserves, which can be resisted for a while; however, there is only a modest US$7 billion on the stick, which is completely impossible for even a trace of struggle.
No, many international speculators haven't made any moves yet, and only one Merrill Lynch Securities has directly brought down the Korean foreign exchange market.
District sticks, nothing to worry about.
...
at the same time.
The South Korean government convened an emergency meeting at the Blue House.
"What about the money?!"
A congressman directly sprayed at an official of the Ministry of Finance and Economics: "We, the Republic of Korea, don’t even have 7 billion U.S. dollars in foreign exchange reserves. What will happen next? Take the lead!"
Before the words came to an end, a group of other congressmen also fired at the Ministry of Finance and relevant government units. Even the President, they were not polite in scolding them.
"The chief officials of the Ministry of Finance must take the blame and resign!"
"Yes, they have to take the main responsibility for this financial crisis."
"Everyone, Samsung, Daewoo, CJ Group and other large chaebols are all waiting for the government's financial support. After all, once they fall, then our financial market will be completely finished."
Very noisy sounds, one after another.
The noise constantly reverberated in the conference room. Every weekdays, the neatly dressed councilors and the high-ranking officials are still half elegant at the moment?
, especially when it comes to the major chaebol groups, it directly makes some people's expressions move.
Korean politics, from another level, is also called chaebolism.
From the moment you were born, the hospital’s medical care, housing, car, work, insurance, bank, clothing, drinks, cemetery, and even a small piece of toilet paper, all have the figure of a chaebol.
Many members of parliament in Korea are spokespersons for chaebols.
The spokespersons of these chaebols have a very clear purpose at today's meeting, that is, to allow the government to support the chaebol groups as much as possible.
what?
You said that all the money is given to the chaebol companies, so does the life and death of small and medium-sized companies leave it alone?
In fact, the South Korean government itself is also a mud bodhisattva crossing the river, and it cannot protect itself.
After the meeting, the South Korean press spokesperson made the very famous "lost three guarantees seven" remarks on the TV station for the first time.
"Lose 30% of the workers’ jobs and keep 70% of them employed."
......
The consequences of this remark can be imagined.
Many companies have closed down one after another, triggering a wave of unemployment. Many Koreans have questioned the measures taken by the government.
As for Zhuke’s Gale Capital and a group of international speculators, how can I care about you?
began to short the Korean won one after another.
From the 18th to the 20th, for three consecutive days, the Korean won foreign exchange market showed a continuous decline, with no signs of recovery at all.
There are countless small and medium-sized enterprises in South Korea that have closed down. Without mentioning this, the major chaebol giants alone have suffered heavy losses.
The most serious one is the Daewoo Group!
As the second largest company in Korea, it is of course huge. Its business scope includes foreign trade, shipbuilding, heavy equipment, automobiles, electronics, communications, construction, chemicals, finance, etc. There are 29 series of companies, more than 30 foreign branches, and 260,000 employees. Before the crisis broke out, it was unparalleled.
However...
South Korea’s financial crisis broke out. In just the past few days, the high debt ratio of Daewoo Group has caused a massive debt burden, and the decrease in profit has caused the stock price to fall. Despite a series of reduction measures, the Daewoo Group is still unable to recover, and the myth of "Malaysia is not dead" is finally shattered.
Asi~!
"How is it possible? We are a world power, how can we be so vulnerable?"
"Fake, everything is fake!"
"I also think this is fake. Our government and chaebol groups must have been caught off guard. When they get over it, the investment banks on Wall Street will be a fart!"
"We are a big universe country, the most powerful country in Asia!"
One by one, unemployed Korean citizens took to the streets and kept shouting-they believed that the government would solve the problem!
...
Gale Capital.
Zuke was in the office, watching a piece of TV news from South Korea, and couldn't help but feel amused.
Still believe it?
"Your government and chaebol are not thinking about saving you at all, but about how to reduce their own losses." Zhu Ke sniffed.
Sure enough, it didn't take long for Zhu Ke to see another piece of news.
An executive from South Korea’s Ministry of Finance immediately announced: “We are unable to restore the economic downturn and have decided to seek assistance from the International Monetary Fund!”
One stone stirs up a thousand waves!
As soon as the news came out, there was an uproar in Korea.
The people who believed that their country is a world power one second ago were completely dumbfounded at this moment.
The dream of a great universe is broken!
Of course, there are still a large number of people ecstatic: "It's great, with the assistance of the International Monetary Fund, we will surely be able to weather the storm."
For this remark, Zhu Ke is full of disdain.
International Monetary Fund, you should be a charity!
said unceremoniously: "Behind the International Monetary Fund is the United States. It is a wolf that hunts everywhere. It is a completely murderous existence, and cannibalism without salt."
A few days later, the International Monetary Fund and the South Korean government signed a rescue package.
main content:
The International Monetary Fund has provided loans worth 57 billion U.S. dollars to the South Korean government!
"Wow, it looks very generous, I guess there are a lot of additional conditions." Zhu Ke looked at the news and laughed in his heart.
In fact, Zhuke got it right.
Several additional conditions put forward by the International Monetary Fund are completely cutting South Korea’s flesh and dismembering their domestic financial order.
1. [Require the Korean government to immediately close down those commercial banks that have inextricably linked with the chaebol. 】
You should know that in the previous decades, Korea has never closed any commercial bank. Once these commercial banks that are closely connected with the chaebols are closed, it means that the chaebols’ right to borrow from some banks will be cut off, and it will inevitably be against the chaebols. Enterprises cause shocks.
2. [Require South Korea to raise interest rates to 30%]
On the face of it, it is possible to attract foreign funds into South Korea more, but the enforcement of high interest rates will inevitably send many chaebols and companies into bankruptcy.
3. [To foreign investors, fully open the financial market. 】
I have to say that this is the most ruthless and poisonous clause among dozens of clauses.
This means that foreign capital can achieve full control of Korean domestic banks and directly control the Korean financial market. UU reading www.uukanshu.com will completely turn it into an undefended battlefield against a large number of international speculators.
啧啧啧!
The purpose of the United States is obvious, that is, to dismember South Korea and further turn it into its own back garden.
"Boss, the opportunity is here!"
"Where is the aid of the International Monetary Fund so easy to get?"
"As a result of South Korea receiving aid, although it can stabilize the financial market, the chaebol giants in South Korea are about to die. Well, even if they don’t go bankrupt, they will definitely lose half of them!"
Heng used an excited tone to show Zhu Ke step by step his professionalism.
Zuke certainly believes in his judgment, and of course the foresight of the traverser is also indispensable.
......
The International Monetary Fund took action to temporarily control the crisis, but those big chaebols suffered huge losses and were dismembered by Wall Street and investment institutions all over the world.
Daewoo Group, the second largest wealth in South Korea, was almost dismembered and declared bankrupt, losing 80% of its assets.
The investment banks that have profited from it have made millions, tens of millions, hundreds of millions, and billions of dollars in this period of time. South Korea's domestic resources, finance, valuable projects, etc., have been robbed by many large investment banks.
Zhu Ke, who is more ambitious, made a profit of more than 700 million US dollars in the Korean market in a short period of time. The amount of profit should exceed the harvest in Japan.
"Hehe, pack up the sticks, I just feel cool and enjoyable!"
Zuke is here at this moment, calling it cool.
The second update of "" was sent. The financial crisis will actually last for a long time, but the minister basically wrote here, and then I will return to the movie side. Finally, please support~~
