Chapter 142: Dismembering Korea

As of November 17th, 4 p.m.

The devaluation of the Korean won has reached its highest level ever.

The South Korean won fell to a record 1,008:1 against the U.S. dollar, meaning that 1,008 won to exchange for one U.S. dollar.

On this day, whether it was Zhu Ke's Gale Capital, or a group of international speculators who shorted the Korean won, they all had their fill.

Zucker's Gale Capital earned more than $10 million, not to mention that Merrill Lynch, one of the five largest investment banks on Wall Street, is the most powerful leader today.

"Boss, according to reliable information, Merrill Lynch sold out the KRW futures contracts worth 9 billion US dollars in just a few hours today, directly crashing the KRW foreign exchange market!"

Henry said solemnly.

"Hi~!"

In an instant, Zucker sucked in a breath of cold air.

"Short the $9 billion Korean won futures contract within a few hours. Merrill's motherfucker must have planned it for a long time!"

Zu Ke said solemnly: "South Korea's foreign exchange reserves, according to intelligence, are only less than 7 billion US dollars, which means that the South Korean government has no resistance at all."

Henry Jurgenberg also nodded.

In terms of foreign exchange reserves, South Korean sticks really can't keep up with the little devils of Japan.

The little devil's private capital and the government's foreign exchange reserves of at least 200 billion US dollars can withstand it for a while; however, the stick has only a mere 7 billion US dollars, and it can't do any struggle at all.

No, a group of international speculators have yet to take action, and just one Merrill Lynch directly brought down the South Korean foreign exchange market.

A mere stick, nothing to worry about.

......

at the same time.

The South Korean government held an emergency meeting at the Blue House.

"Where's the money?!"

A congressman directly sprayed at the officials of the Ministry of Finance: "Our country's foreign exchange reserves don't even have 7 billion US dollars. What will we do next? Take the lead!"

Before they finished speaking, a group of other congressmen also fired at the Ministry of Finance and relevant government units. Even the president, they were rude when they scolded them.

"The main officials of the Ministry of Finance must resign!"

"Yes, they are primarily responsible for this financial crisis."

"Everyone, the big chaebols like Samsung, Daewoo, and CJ Group are all waiting for the government's financial support. After all, once they fall, our financial market will be completely over."

Extraordinarily noisy voices, one after another.

The noise kept resounding in the conference room. The well-dressed congressmen and the high-ranking officials on weekdays, how could there be any elegance at this moment?

Especially when it comes to the major chaebol groups, it directly makes some people look moved.

Korean politics, on another level, is also known as chaebol politics.

From the moment you were born, there are chaebols in the hospital's medical care, housing, cars, jobs, insurance, banks, clothing, drinks, cemeteries, and even a small toilet roll.

Many members of parliament in South Korea are spokespersons for chaebols.

The spokespersons of these chaebols, the purpose of today's meeting is very clear, that is to let the government support the chaebol group as much as possible.

What?

You said that all the money was given to the chaebol companies, so the life and death of the small and medium-sized companies did not matter?

In fact, the Korean government itself is also a mud Buddha crossing the river, and it is difficult to protect itself.

After the meeting, the spokesperson of the South Korean side made a very famous remark on the TV station for the first time, "Throwing Three Guarantees Seven".

"Throw away 30% of workers' jobs and keep 70% of workers employed."

......

The consequences of this remark,

As you can imagine.

Many companies went bankrupt one after another, triggering a wave of unemployment, and many South Koreans questioned the measures taken by the government.

As for Zhu Ke's Gale Capital and a group of international speculators, who cares about you?

One after another began to wantonly short the Korean won.

From the 18th to the 20th, for three consecutive days, the Korean won foreign exchange market continued to decline, and there was no sign of recovery at all.

There are countless small and medium-sized enterprises in South Korea that have closed down. Not to mention that, even the major chaebol giants have suffered heavy losses.

The most serious is Daewoo Group!

As the second largest company in South Korea, it is of course huge. Its business scope includes foreign trade, shipbuilding, heavy equipment, automobiles, electronics, communications, construction, chemical industry, finance, etc. It has 29 series companies and more than 30 foreign branches, with up to 260,000 employees. Before the crisis, it could be described as strong and unparalleled.

However......

South Korea's financial crisis broke out. In the past few days, Daewoo Group's high debt ratio has caused a huge debt burden, and the decrease in profits has caused the stock price to fall. Despite a series of reduction measures, Daewoo Group is still powerless, and the myth of "Malaysia is immortal" has finally been shattered.

Ashley~!

"How is that 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 recover, the investment banks on Wall Street will be shit!"

"We are a big cosmic country, the most powerful country in Asia!"

Unemployed Koreans took to the streets one by one, shouting constantly - they believed that the government would solve the problem!

......

Gale Capital.

In the office, Zucker couldn't help laughing while watching TV news from South Korea.

Still believe it?

"Your government and chaebol are not thinking about saving you at all, but how to reduce their own losses." Zucker snorted.

Sure enough, it didn't take long for Zucker to see another piece of news.

An executive of the South Korean Ministry of Finance immediately announced: "We are unable to restore the economic downturn and have decided to ask the International Monetary Fund for help!"

One stone creates a thousand waves!

As soon as the news came out, there was an uproar in South Korea.

The people who still believed that their country was a world power a second ago were completely dumbfounded at this moment.

The dream of a big cosmic power is broken!

Of course, there are still a large number of citizens who are ecstatic: "Great, with the assistance of the International Monetary Fund, we will definitely be able to weather the storm."

For these remarks, Zucker is full of disdain.

The International Monetary Fund, you should be a charity!

He said unceremoniously: "Behind the IMF is the United States, a wolf foraging for food everywhere. It is an existence that kills people without blinking an eye and eats people 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 provides the Korean government with a loan worth 57 billion US dollars!

"Hoho, it looks very generous, I guess there are a lot of additional conditions." Zu Ke looked at the news and laughed in his heart.

In fact, Zucker guessed right.

Several additional conditions proposed by the International Monetary Fund are completely cutting South Korea's flesh and dismantling their domestic financial order.

1. [Request the Korean government to immediately shut down those commercial banks that are inextricably linked with the chaebol. 】

You must know that in the past few decades, no commercial bank has been closed in South Korea. Once these commercial banks that are closely related to the chaebol are closed, it means that the chaebol's right to borrow money from some banks will be cut off, and it will inevitably lead to the chaebol. Businesses are impacted.

2.【Request South Korea to raise interest rates to 30%】

On the bright side, it can attract more foreign capital to enter South Korea, but the imposition of high interest rates will inevitably send many chaebols and companies into bankruptcy.

3. [To foreign investors, the financial market will be fully opened. 】

It has to be said that this is the most ruthless and poisonous clause among dozens of clauses.

This means that foreign capital can fully control domestic banks in South Korea, directly control the financial market in South Korea, and completely turn it into an undefended battlefield for a group of international speculators.

tsk tsk!

America's purpose is obvious, that is, to dismember Korea and further turn it into its own back garden.

"Boss, here's your chance!"

"Where is the aid from the International Monetary Fund so easy to get?"

"The consequences of South Korea's receipt of 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 most of it!"

Henry showed his professionalism to Zucker step by step in an excited tone.

Of course Zucker believed his judgment, and of course the foresight of the transmigrator was also indispensable.

......

The International Monetary Fund took action and temporarily controlled the crisis, but those big chaebols suffered huge losses and were dismembered by Wall Street and investment institutions around the world.

The Daewoo Group, the second-largest wealth in South Korea, was almost dismembered and declared bankruptcy, losing 80% of its property.

And the investment banks that have profited from it have made millions, tens of millions, hundreds of millions, and billions of dollars during this period. Domestic resources, finance, valuable projects, etc. in South Korea have been robbed by many large investment banks.

The more stubborn Zhu Ke, in a short period of time in the Korean market, made a profit of more than 700 million US dollars in one fell swoop. The amount of profit should exceed the harvest in Japan.

"Hehe, clean up the stick, I just feel cool and enjoyable!"

Zhu Ke was there at this moment, calling it cool.

The second update of "", the financial crisis will actually last for a long time, but the minister basically wrote it here, and then we will return to the film aspect. Finally, ask for support~~