Text Chapter 937 "Big Bomb" Korea Housing Bank
Since it has been decided to make trouble in South Korea's banking industry, it is natural that it will make a big wave, otherwise it would not be a waste of such a good opportunity - this level of "financial turmoil" is absolutely unavoidable.
Therefore, SS Financial Holding only let Standard Bank Group acquire a Kookmin Bank, which is obviously far from the word "making trouble".
Next, it's time to put on a show of real technology......
When Standard Bank Group acquired Kookmin Bank as a wholly owned subsidiary of Korea Bank, it did not immediately integrate it into the Standard Banking system, but chose to continue to operate the old South Korean bank as an independent bank. However, it is only a matter of time before Kookmin Bank merges into the Standard Bank Group, so why is it now adopting a "free-range" model?
Quite simply, it's mainly for the next thing to do better.
Not long after the acquisition of Kookmin Bank, Standard Bank Group had just begun to take over the entire bank, and a new conquest had already begun - Kookmin Bank of Korea officially launched an acquisition of Korea Residential Bank.
Rumble......
To tell the truth, this news really shocked many people, after all, this guy from the National Bank of Korea has just become someone else's "meal on the plate", and he is going to eat someone else's food over there? Or is this guy just a "shield" and a "man behind the pot", and the people who really want to do this are Standard Bank Group and SS Financial Holdings, which are standing behind it.
However, in any case, since the National Bank of Korea has already made a move, it is naturally impossible to end up in vain, and it will definitely be divided into two, three, four, five or six.
Korea Housing Bank, established in 1967, is a state-owned bank established by the South Korean government to solve the shortage of funds for real estate construction.
Yes, Korea Housing Bank is a state-owned bank, but so what?
You know, in this "financial turmoil", the South Korean Housing Bank has suffered a heavy blow, if it weren't for the South Korean government hanging his last breath behind his back, the South Korean Housing Bank would have gone bankrupt and collapsed.
Hey, this is also something that can't be helped, who let the South Korean housing market be so miserable in the "financial turmoil"?
The foreign exchange market, the stock market, the bond market and the housing market, these four markets are basically linked, and now the foreign exchange market, stock market and bond market in South Korea have been directly collapsed, how can the housing market not collapse?
You know, the consequences of the collapse of the housing market are catastrophic, with countless unfinished real estate projects, countless developers going bankrupt in debt, and countless mortgage defaults...... In the end, the concentrated consequence is that the bank has been honorably the "backstabber".
Neither the developer's loan nor the people's mortgage can afford to default, not to mention that the South Korean Housing Bank, the bank with the closest connection to the South Korean real estate market, is absolutely disastrous.
Therefore, the South Korean Housing Bank has become a "big bomb" at this time, and no one wants to hold it in their hands, because it is not good to say that it will blow you up one day. Even now even the South Korean government wants to throw away the "big burden" of the Korean housing bank, after all, this is a "bottomless pit", and money is needed to fill this big hole - what the South Korean government lacks most now is money.
Therefore, when the news came out that the Kookmin Bank was going to buy the South Korean Housing Bank, the South Korean government simply jumped on its feet and cheered. Moreover, the strength of this "unjust boss" is definitely strong enough, and behind the people stands the world's No. 1 banking group - not bad for money.
It was surprisingly smooth, and the National Bank of Korea had just issued an offer to acquire it, and the Housing Bank of Korea had given feedback that it was "something to discuss". However, it is reassuring to think about it, after all, the current Korean housing bank is really precarious, and the situation continues to deteriorate, and it is great that someone is willing to take over now.
One is Lang Youqing, the other is a concubine, one is Pan Jinlian, and the other is Ximenqing, this matter is basically completed. Therefore, with the participation of the South Korean government, after several rounds of negotiations, Kookmin Bank and Korea Residential Bank formally agreed that Kookmin Bank would wholly acquire Korea Residential Bank.
As for the purchase price, hehe, the South Korean government, which is in a hurry to make a move, almost asks for a "cabbage price", which is really a "cabbage price". After all, there are too many non-performing assets in South Korea's housing banks, and if there were no government money to hang on, they would have gone bankrupt and liquidated long ago.
Therefore, it is very satisfying to be able to sell hundreds of millions of dollars now, and the South Korean government does not want to get into such a "mess" again in this eventful season, so it is better to get rid of this pot as soon as possible.
As for the "backstabber" Kookmin Bank, or Standard Bank Group, is the Korean Residential Bank really a big "black pot"?
Oh, not necessarily!
Since Standard Bank Group dares to buy the Korean Residential Bank, then naturally there is a way to solve his current situation, besides, when did Su Chenyu suffer a loss? So, for the Korean Residential Bank, Su Chenyu will make a big move in the future? Otherwise, he is not stupid, why would he want to buy such a thing?
However, there is no time to carry out "major surgery" on the Korean housing bank, because the attack on the South Korean banking industry is not over yet!
Originally, Su Chenyu thought that it would take a while to get a South Korean housing bank, after all, this is a state-controlled bank, and it is definitely not something that can be done if you want to. However, who would have thought that the South Korean government would be in a hurry to sell the Korean Housing Bank, which is really very unexpected.
In this way, KOOKMIN Bank can go directly to the next target, and, given the current bad behavior of the South Korean government, it is estimated that it will be easier than buying the Korean Housing Bank.
Why?
Because the situation of this bank is even worse than that of the Korean residential bank, it is no exaggeration to say that it is really full of holes. There is no way, who let this bank stand on the front line of this "financial turmoil", it is completely to face all the financial turmoil that has invaded.
Now, South Korea's foreign exchange market has been completely blown up and pressed to the ground, so how can he, a "soldier" who rushed to the front line, be favored?
Without the huge financial support, the end of this "unlucky guy" will definitely come sooner than the Korean Housing Bank!
Aren't you curious about who this "unlucky guy" is?
Hehe, it's none other than ......