Chapter 936 Invasion of South Korea's banking sector
After eating Kia Motors and SK Telecom one after another, Su Chenyu is still quite satisfied with this "spoils sharing conference", but this is not over yet, it is just the beginning - the rat drags the oil bottle, and the big head is behind.
If Asia Auto and SK Telecom were the "hors d'oeuvres" of the meal, then the next thing is the real meal.
This "big dish" is none other than South Korea's banking industry!
Yes, Su Chenyu has really been salivating for the banking industry in South Korea for a long time, and he has a "sick" enthusiasm for banks all over the world. However, if you think about it, banks are the center of the entire financial system, and they are the cornerstone of the country's economy.
This is also the main reason why many countries are reluctant to let foreign capital or even private capital enter the banking industry.
The same is true of South Korea's banking sector, where it was difficult for foreign capital to enter it before, and could only hold a small part of the shares, just as a "soy sauce customer". However, this is no longer the case, and the first requirement of the US government and the IMF for South Korea is to relax the restrictions on the banking sector, which is the bottom line given by Wall Street capital.
As a result, Citibank wholly acquired Hanmi Bank and directly turned it into "Citibank (Korea)". You must know that Citibank's big move is definitely at the level of a nuclear bomb, which can be said to have directly detonated the enthusiasm of all foreign investors, because this incident shows everyone that it is safe here and can make trouble.
In the past, although the South Korean government lifted the limit on the proportion of foreign investment in enterprises, from 25% to 50%, the greedy capitalists still found it unpleasant. So, you can imagine how inspiring Citibank's acquisition is, it's a towering flag.
In fact, when Citibank acquired Hanmi Bank, Su Chenyu was not idle, and was busy invading the entire South Korean banking industry.
However, Su Chenyu is not as good as Citibank, or this guy is more cowardly, and he never dared to swallow a bank directly. After all, it has been in the wind and rain before, and it is Kia Motors and SK Telecom, so it is really not suitable to be that rafter again.
Therefore, Su Chenyu adopted a strange way of invading, that is, casting a wide net.
What is a "wide net"?
Hehe, it's very simple, that is, SS Financial Holdings has extended its tentacles to all the banks in South Korea, and has more or less a stake in each bank. To tell the truth, this is also SS Financial Holdings' wealth, and they don't care about this money at all, if they change to a weaker "poor dick", they will play themselves to death so early.
Kookmin Bank, Hana Bank, Korea Commercial Bank, Hanil Bank, Korea Housing Bank, Korea Exchange Bank and other large and small banks, almost all have SS Financial Holding Capital, and it is no exaggeration to say that this is really the rhythm of contracting South Korea's banking industry. However, Su Chenyu is not a fool after all, and this is naturally not to show that he is rich and capricious, but because in any way - this is a good opportunity to buy the bottom.
You must know that although the "financial turmoil" launched by Su Chenyu himself has hit South Korea hard, he, a person who has come from his previous life, clearly knows how resilient South Korea is. After the baptism of the "financial turmoil", South Korea has quickly recovered in just a few years, and has quickly caught up and re-emerged as an important economy in Asia.
Therefore, the future of South Korea's banking industry is definitely bright, and at this time, taking advantage of the other party's "difficulty", how can it not be possible not to buy the bottom?
However, "contracting" South Korea's banking industry is not Su Chenyu's ultimate pursuit after all, and swallowing a bank is his ultimate goal. Originally, Su Chenyu was still afraid of trouble, and he was unwilling to use the government's relationship because of the acquisition of the South Korean Bank, after all, the most difficult thing to repay was human favors.
However, who would have thought that Citibank would suddenly give itself such a big surprise, it was a big surprise, then the next thing is simple - just do it.
As a result, the Standard Bank Group did not say a word, and directly launched a fierce offensive against the National Bank of Korea, which seemed to be about to directly abolish the National Bank of Korea. However, if you think about it, Citibank can fully acquire Hanmi Bank, so why can't Standard Bank Group, as the world's largest banking group?
Therefore, now this is not only a matter of interests, but more importantly, a matter of face, and the face of the world's largest bank must be wanted!
Well, maybe this is the thinking of "bar essence".
Fortunately, the National Bank of Korea is very cooperative, and this guy's current situation is also quite bad, and he is also an innocent "victim" in this "financial turmoil". There is no way, the international travel capital led by the X fund and the South Korean government have been at war in the foreign exchange, stock market and bond market one after another, and the South Korean government has lost all of them again and again, and it is fortunate that the National Bank of Korea, which is deeply involved, has not been bankrupt.
Therefore, this time, when facing the behemoth of Standard Bank Group alone, there is no power to resist at all. To put it mildly, even if the Kookmin Bank of Korea screams to cut his throat, no one will come to save him.
As for the South Korean government, hehe, he wants to take care of it, but he doesn't have any money in his own hands, so he still cares about it? He got the first 105 bailout from the International Monetary Fund. The South Korean government wants to use administrative means to force intervention, but the "American father" is still supervising it, and they dare not use administrative means to forcibly intervene for the sake of follow-up aid funds.
In this way, the end of Kookmin Bank is already doomed, and like Hanmi Bank, it will become the "belly meal" of Standard Bank Group.
Instead of disappointing Su, after a few rounds of stubborn resistance, the South Korean National Bank bowed its head and accepted the wholly-owned acquisition plan of Standard Bank Group. So far, Su Chenyu and Standard Bank Group have firmly taken the first step to invade South Korea's banking industry, and this first step is quite solid.
Next, it's time to get things done......