Text Chapter 946 "Packing" the South Korean Housing Market
After successfully harvesting the "honeysuckle grass" of Kim Dae-jong, the SS consortium's layout in South Korea is basically completed, although it has not affected all aspects of South Korea like Samsung, but it is much more awesome than Samsung.
Samsung runs through all aspects of South Korean life, but those are superficial things, but what the SS consortium has obtained is inconspicuous and unnoticeable, but all of them are the core parts of the key points.
The right to issue money, foreign exchange, banks, automobiles, heavy industry, etc., which is not a terrible thing, especially the right to issue money, is simply the most elite existence of all the "trophies". You know, when the American consortium knew that SS Financial Holdings had obtained the right to issue South Korean won, it was really a collective explosion, and they knew that this time it was really the SS consortium that completely ate the "fat" of South Korea.
Originally, the U.S. consortium was prepared to use the International Monetary Fund's bailout loan as a condition for coercion, so as to force the South Korean government to comply, completely open the entire "national door", and allow American capital to penetrate more deeply into South Korea's economy and finance.
Yes, the South Korean government has given in, and it has opened its own "door", even more than they originally expected. Of course, Wall Street capital has naturally gained a lot of benefits from it, and it can be said that it has made a lot of money, which seems to be worth the trip.
However, who would have thought that the most essential part would be eaten by the SS consortium, and it really feels like making wedding clothes for others. The most important thing is that the U.S. government and Wall Street capital played the role of "villain" and "bad guy" in the whole thing, from front to back, and perfectly carried all the blame. However, the real villains and bad guys, but the SS consortium, you must know that the X fund is the main force and leading brother in attacking South Korea, but in the end, the SS consortium actually became a "good guy" and ate the biggest cake.
What the hell is this...... It's time for the Howling Dog!
To be honest, the American consortium wanted to turn around at that time, but after thinking about it, forget it, after all, everyone has a big project to cooperate with later. Besides, there was no rule at that time that people couldn't make such a big deal, so I could only blame myself for being naïve.
Fortunately, South Korea has always been the watchdog of the United States in Asia, and there are military bases watching there, and there will be opportunities to eat the meat here in the future, but it will be more and more difficult - after all, this is snatching food from the mouth of the "hungry wolf" of the SS consortium.
No matter what, since the biggest "sweetness" has been robbed by SS Financial Holdings, then you have to make up for it through other aspects to get some benefits. As a result, Wall Street capital under the command of the American consortium has penetrated all walks of life in South Korea even more frantically, and one by one it is as crazy as hungry dogs robbing.
SS Financial Holding did not have any reaction to the madness of American capital, after all, although the entry of American capital has changed the name of South Korea's industry, it has something to do with him. Moreover, Su Chenyu and SS Financial Holding are not at all interested in these gains of American capital, hehe, they are really pediatrics.
SS Financial Holdings is doing a big thing - he wants to "package" the entire South Korean real estate industry!
After all, South Korea's real estate industry is a trillion-dollar super cake.
Hehe, don't say it, buddy just has a big appetite!
Of course, Su Chenyu didn't really want to "pack" South Korea's real estate industry, even if such a big cake was really given to him, he didn't dare to eat it, he was really afraid that he would die. There is no way, in that case, it will really become a "target of the public", and it will definitely be pumped and drained, and then not only the capital of the United States will have to do it, but also the chaebols in South Korea will have to be ready to move.
Therefore, what Su Chenyu wants is to penetrate the entire real estate industry, which is also the last goal after the foreign exchange market, the stock market and currency.
SS Financial Holdings penetrates the South Korean real estate industry and there is really a convenient condition that no one has, that is, the Korea Housing Bank, which is a sword that pierces the heart of the South Korean real estate market.
Yes, it's the Korean Housing Bank, many people may not have thought of it, because this guy's huge debt almost bankrupted him, if it weren't for the Standard Bank Group, the South Korean government would have to pay a lot of blood. However, it is estimated that no one would have imagined that the huge debt of the Korean housing bank has become the best weapon of SS Financial Holdings.
Quite simply, because the huge debts of the Korean Housing Bank are not their own debts, but are actually the necrotic loans of many real estate companies in South Korea. You must know that because the debt crisis brought about by the "financial turmoil" has almost crushed the real estate industry, which is the most fragile capital chain, many real estate companies have fallen like harvested wheat. As a result, the South Korean Housing Bank, which is the supplier of loans to South Korea's real estate industry, was suddenly destroyed, because the real estate company could not repay all the loans owed to him, and all of them became bad debts and private debts.
Now that Korea Housing Bank is a second-tier wholly-owned subsidiary of Standard Bank Group, these loans and debts have naturally become tools that SS Financial Holdings can use at will.
As a result, SS Financial Holdings announced a reform of its secondary subsidiary, the Korea Housing Bank, by setting up a company called Residential Asset Management, which stripped off all the non-performing assets in the hands of the Korea Housing Bank and placed them under the asset management company of Dow.
After divesting the non-performing assets, the Korea Housing Bank was instantly reborn, and the National Bank of Korea will inject a new amount of development funds into it for the bank's reconstruction.
Regardless of the situation of the Korean housing banks, after the housing asset management companies get these non-performing assets, they will not be so easy to talk to the Korean housing banks - directly forcing them to borrow.
Isn't there anything wrong with repaying debts? Therefore, the main debt objects of residential asset management companies are those real estate companies.
After all, now the whole of South Korea is particularly short of money, even the Samsung consortium is short of money, not to mention these real estate companies?
What if you can't pay for it?
Easy to do!
There are two ways to go: the bankrupt company directly liquidates all its real estate to repay its debts, especially the land and real estate in its hands are eaten by the residential asset management company; the company that is still struggling to survive will either use shares to repay its debts or use land to repay its debts.
Anyway, no matter what, this money must be repaid, no matter who owes the money, as for wanting to repay the debt, hehe, I really think too much, and I don't look at who is behind it?
:。 :
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