At ten o'clock in the morning, Ida's Kamiji appeared on time in the president's office, in front of Kishimoto Yoshimoto. The two of them sat facing each other.

Ida Kamiji didn't beat around the bush and said: "Everything is in accordance with your previous instructions, and I have carefully selected some capable personnel from within the hard gold bank.

Now, it's all assembled. Our special attack team is ready to go to Seoul, South Korea, at any time. ”

"Good. A week later, you depart from Tokyo for Seoul. You are not familiar with the situation in Seoul. At that time, I will ask the secretary's office to notify the head of the Seoul office, Hidenaka Sato, in advance.

The real purpose of your trip will not be to tell him, but to investigate whether Seoul is suitable for the establishment of the first overseas branch of the hard gold bank, the selection of a site for the establishment of bank branches, and the preparatory work.

As for your specific office location and residence, I will also let the secretary's office inform Sato Shunaka. Your mission is to short the banking sector in South Korea as a whole, as well as the South Korean stock market sector related to credit cards. Kishimoto explained slowly.

Ida said with a serious smile on both sides: "Understood." ”

"The reason why I made such a decision was the results of various analyses that I personally returned from my visit to Seoul, South Korea.

In the late 80s and early 90s of the last century, when the Japanese economic bubble burst, there was a storm of Japanese card swiping.

You should still remember this financial incident vividly!" On the one hand, Kishimoto Masayoshi knew in advance that the credit card crisis would break out in South Korea in September this year, and on the other hand, he personally investigated it.

In addition to listening to various complaints and accusations about Kanu on South Korea's underground radio station, he also personally visited South Korea's bustling commercial districts, large department stores, restaurants, and so on.

The truth of his ability to get to the bottom of things is that South Koreans generally use credit cards. For Koreans, the use of credit cards has become an integral part of daily life.

However, here's the problem. It's normal for an average person to have two or three credit cards. In South Korea, people who don't use credit cards make people feel strange and abnormal.

Even if an ordinary person has three or five credit cards, it is still within the range of complete control. Once an average person has a dozen, or even twenty or thirty credit cards, it becomes a big problem.

Through his own careful observation, Kishimoto found that there were a large number of credit cards in the leather bags of Koreans. He counted roughly, and it was generally more than five.

Some people don't know what limit they still have on their credit card, and how much is there? Is that credit card already maxed out and overdrawn?

The reason for this is that individuals have too many credit cards. When you settle the bill, you don't try to change multiple credit cards, or you can't pay off with one credit card, but use multiple credit cards to split the account.

In the few days that I took my subordinates to visit the streets and alleys of South Korea, this image is not an exception, but many people are like this.

Especially the young people who consume in nightclubs, and even more so to the point of ignoring it, they are completely drunk today, and they are worried about tomorrow and tomorrow.

In fact, South Korea's employment rate and real income have not changed much since the 1997 Asian financial crisis.

Although the South Korean government uses credit card overdrafts to stimulate domestic consumption, the data shows that it is not only short-lived, but also has to repay the loan plus interest in accordance with the agreement signed with the IMF (International Monetary Fund).

South Korea's big cities such as Seoul and Busan may not be obvious, while its smaller cities are very obvious. Combined with the Korean movie "Sea Fog" I watched in my previous life, I completely figured out that the real bottom line of South Korea's current situation is the fat that I slapped my swollen face.

Yeosu City, South Korea, located in the center of South Korea's south coast, is the second largest city in South Jeollanam-do, South Korea, with a population of 330,000 and 95,396 households, including 1,722 civil servants. The total area is 497.53 square kilometers, of which 23.3% is cultivated land and 63% is forest land.

As a captain, the male protagonist used to be beautiful, and his deeds of being able to spend 2 million won in a nightclub are still remembered.

In Yeosu City, the best profession used to be a captain who went out to sea to fish. Nowadays, it is not as good as before, and some people have sold their boats to move bricks in other places to survive.

The male protagonist came home and saw his wife cheating with another man, and was scolded by his wife, saying that he was useless and couldn't make money. In desperation, he also used his fishing boat to start the business of picking up smugglers from the sea to South Korea for others.

There is a scene where the crew and the stowaways clash. The crew members excitedly told the smugglers that they knew the IMF? You're not compatriots at all, you're just here to grab jobs or something.

Moreover, Kishimoto has noticed that under the glamour of many Korean women, they all rely on the credit cards in their overdrafts to support the last face and dignity of women.

As for many Korean men, they are pretending to be forced by using the credit cards in their hands. In this case, there are the most in nightclubs.

"Japan's swipe storm has been nothing short of a disaster for some people. Ida Kamiji pondered for a long time, and the thoughts in his head were to return to the past.

"If someone loses money, then someone will make money, and it is only by maintaining a balance of money in and out. Japan's credit card storm has been a disaster for many ordinary people who overuse their credit cards, but for others, it has been a boon for others. ”

Kishimoto is well aware that it was not until 2006 that Japan's Supreme Court ruled that all interest above the upper limit of the Interest Limitation Act is invalid, and that the loan amount must not exceed one-third of the borrower's annual income.

At the same time, the annual interest rate is capped at 20% for loans up to 100,000 yen, 18% for loans up to 1 million yen, and 15% for loans over 1 million yen.

All of the excess interest will be refunded to the borrower. Prior to this, there was a cap of 29.2% per annum as long as the borrower agreed, so almost all consumer credit companies in Japan had an annual interest rate of 29.2%.

As of June 18, 2010, when the decree came into effect, more than 60 percent of Japan's nearly 4,000 registered consumer credit companies had not registered with credit information agencies and were therefore prohibited from issuing new loans.

It can be seen that the people and companies that have made super profits from the credit card storm in Japan have made a lot of money. Since 2006, the market share of consumer finance companies has gradually decreased.

In 2010, Mufuji, Japan's largest consumer finance company, declared bankruptcy. The era of usury and violent collection in Japan that it represented was gradually coming to an end.