Chapter 618 Bank of Korea
When the convoy arrived, Kishimoto walked into a new hotel that Hidenaka Sato had decided to change. The man he has experienced all the winds and waves will not pay attention to some small storms at all.
After entering his suite, Masayoshi Kishimoto was already habitually standing in front of the floor-to-ceiling glass windows, looking at the view of the city and thinking about the problem.
The national character of Koreans is one of stunned, ruthless and impulsive. You can get a glimpse of it from Korean law.
South Koreans who kill for the first time are not sentenced to death, and are generally sentenced to 12 years in prison. In the eyes of many people, killing a person is punished so lightly that it is really a paradise for criminals.
In fact, it is precisely because of one of the impulsive national characteristics of Koreans that they believe that the responsibility cannot be attributed entirely to the Koreans themselves, but to the genes of the Koreans.
This is different from the forbearance in the Japanese national character. Again, don't make the mistake of thinking that after being sentenced to only twelve years in prison by a judge, it won't be long before you come out to be free.
The credit system of Korean society is also quite perfect. If there is a stain on a person's resume, especially a serious stain, they will truly appreciate the ruthlessness of Korean society, and life is worse than death.
A murderer like this who is released after being sentenced to 12 years in prison will not be washed away for the rest of his life. Looking for a job, as long as it is a positive line, it will not be used. To live, people must have a job.
Applying for a credit card, guaranteeing someone or something, it doesn't count. To a certain extent, personal credit has already been completely bankrupt.
South Korea is an export-oriented economy. Its own economic development is not mainly based on domestic demand, but on exports.
Once the world economy weakens or there is a foreign trade friction with one of the world's major countries, it will immediately seriously affect the growth rate of the domestic economy, and it will directly make ordinary Koreans in some related industries feel the pressure of losing their jobs.
Masayoshi Kishimoto flew all the way from Tokyo, Japan to Seoul, South Korea this time, definitely not for sightseeing. He has only one purpose, to make money.
This is the year when a credit card crisis erupts in South Korea. This crisis will directly reduce 4 million South Koreans to poverty.
The reason is simple, short the Korean financial market, especially the banking sector with credit card issuance.
Small banks have the usefulness of small banks, that is, to allow hard gold banks under the hard gold group to have a foothold in South Korea.
However, this is not feasible at the moment, after all, the frog jumping tactics that I have developed have not yet been fully established in the major cities of Japan.
It's not interesting to go to a small Korean bank on your own. They will be mired in this credit card crisis, unable to extricate themselves, and even go bankrupt.
At the very least, the targets he wants to short are the top ranked big banks in South Korea. The target is the Bank of Korea.
This is a kind of remake of Soros's sniping at the Bank of England, the Bank of England. Himself is a sniper at the Bank of Korea, the central bank of Korea.
Soros is shorting the pound, and he is making a big fuss about the credit card field, which is aimed at several big banks in South Korea.
South Korea's generation is the most unlucky generation. South Korea's economic rise was based on the 1988 Seoul Olympics as its standard practice.
However, in 1997, South Korea was hit by the Asian financial crisis and was hit hard. Five years later, another credit card crisis will erupt in its own country.
During this period, banks were overly competitive in the credit card space, driving down loan interest rates in order to acquire customers.
For example, a cardholder can use a second card to get cash to repay the first card after 30 days of arrears, creating a vicious cycle.
In 2002, the credit card market in Korea increased by 40.5 per cent compared to 2000, and the amount of credit available on credit cards increased dramatically, and there was a huge amount of risk involved.
In the second half of 2002, the delinquency rate of cash loans increased sharply and bad debts increased. In September 2003, the total number of credit cards in South Korea exceeded 100 million, the credit balance exceeded 100 billion won, and the number of people with bad credit exceeded 3 million, accounting for 18% of the economically active population at that time.
In 2008, another financial crisis swept the world. Therefore, by 2020, the poverty rate of the elderly in South Korea will be as high as more than 50%, that is, one in two elderly people is in poverty.
In order to survive, many elderly women, even if they are in their 60s or 70s, will also use parks and other places to carry out prostitution activities.
As for many men, they either choose to commit suicide or continue to work, also known as the silver-haired people. They love to do courier work. As for competitiveness, it is that people of their age can use public transportation such as the subway for free.
This generation of Koreans did not live a good life brought about by economic development, and they all came of age one by one. As adults, they were hit by financial crises one after another.
Together, they face the dilemma of finding a job. I finally found a job, and because of my low income, I couldn't save any money, and even hastily invested my money in the financial market, resulting in a lot of money and debts.
South Korea's low fertility rate is also due to the fact that too many ordinary Koreans have decided not to have children after seeing the difficult life of their parents and grandparents.
Even if you have a child, you can't count on him in the future, after all, even he is not doing well, and his family is struggling to live.
The Confucian culture that had been constructed in Korean society as a whole began to completely disintegrate. The number of one-person households is increasing day by day.
As a result, the number of women who engage in prostitution legally and illegally in Korean society is actually higher than that of Japan.
Korean women have more requirements for their spouse's money, his house, and his job than Chinese women.
The severity of the college entrance examination in South Korea every year is also due to various pressures from reality. Only those who are admitted to SKY University, which is one of the three universities of Seoul National University, Korea University, and Yonsei University, will be regarded as adults.
Because it will directly affect your future life direction, employment, marriage and so on. They refer to the middle and upper classes of Korean society.
People who are not graduates of SKY University, even if they are admitted to the civil service after a lot of hard work, will not be able to climb up. Don't even think about being able to enter Samsung, LG and other major Korean companies as a full member.
Just a rent in Seoul or Busan can make ordinary people feel stressed. These two cities alone account for half of South Korea's population of 50 million.
The solidification of social class in South Korea is even stronger than in Japan, and it is not an exaggeration to say that it is hereditary. South Korea is not only a patriarchal society, but also a highly hierarchical country.