Chapter Ninety-One: An Chance

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For Ahns, the financial crisis is the perfect time to enter South Korea. Not only did the various governments not anticipate the destructiveness of the financial crisis, but Anding Bang did not anticipate it, so the governments did not take measures until March 2, 1997, when a group of international speculators such as Soros, an American financial speculator known as the "financial robber", began to attack the Thai foreign exchange market, and the crisis began.

They are not like the Ann Group who take a vote and leave, with a very clear purpose, to disrupt the Southeast Asian financial market, in order to fish in troubled waters and make a fortune. However, the chaotic and out-of-control management of real estate, foreign exchange reserves, and financial markets in some Southeast Asian countries has provided speculators with a once-in-a-lifetime opportunity. Soros's wishful thinking is: first start with Thailand, Indonesia, and Malaysia, which are the most vulnerable, and then disrupt Asia's 'four tigers' Singapore, South Korea, and Taiwan, China, and finally capture Hong Kong, in order to create their impression of invincibility, crush market confidence, and lead to the 'flock of sheep' mentality. Soros believes that as long as one country's financial market is crushed, other countries will inevitably fall one after another, which is the so-called 'domino' effect. Thailand has become a target of the brunt.

The attack caused a run on Thailand, which crushed 56 banks, depreciated the baht by 6o%, and the stock market plunged by 7o%. The financial turmoil caused by Thailand has spread to northern Asia and even to Russia, Malaysia, Indonesia, Taiwan, Japan, Hong Kong, and South Korea have all been hit hard, and the assets of these countries have shrunk sharply, and their wealth has depreciated.

Since Thailand, the foreign exchange markets and stock markets of Southeast Asian countries such as the Philippines, Malaysia, and Indonesia have plummeted all the way, and after winning in Southeast Asia, Soros decided to move to Hong Kong.

At this time, the festive atmosphere of Hong Kong's celebration of the return to the motherland had not yet dissipated, and the Asian financial turmoil had already been overwhelmed. An Dingbang vetoed the team's entry into Hong Kong to continue the hype, and An Yuxi did not tell him that Hong Kong, which had just returned to Hong Kong, would fight a beautiful turnaround battle with the support of the big 6, because he didn't know either, so this was completely An Dingbang's selfishness, and he refused to go to Hong Kong to make a fortune from his subordinates.

"Nima, I'm a Chinese, even if I earn foreigners' money, am I worthy of my ancestors when I earn money from my own country now!" Of course, An Dingbang didn't say these words, and he still wondered if he wanted to help.

Sure enough, after the Hong Kong government consulted the central government, the SAR government made a decisive decision, intervened in the market, and with the full support of the big six, after several rounds of "hand-to-hand combat", the international speculators ran out of ammunition and fled. In the end, Hong Kong emerged victorious, preserving decades of gains, albeit a disastrous victory. The Chinese government, in a highly responsible manner, has also taken the overall interests of maintaining stability and development in the region and made the decision not to depreciate the renminbi, which has endured tremendous pressure and paid a great price.

The financial crisis shattered the Asian economic boom. The economies of some major Asian economies have begun to slump, and the political situation in some countries has also begun to be chaotic.

Andingbang is a well-deserved big winner, but the stall is too busy all of a sudden, and An Yuxi doesn't know the specific value, but he only knows that Andingbang has made a lot of money this time, and he doesn't have to worry about it for a few lifetimes.

How to digest these properties is also a problem, Andingbang returned some enterprises that have no value at this stage and cannot digest them to the local government, or half-sold and half-given to the local government in the form of lease, which won the favor of the local government, especially the South Korean government, Andingbang spent a lot of money.

After returning to China, all the money was invested in the construction of the company and donations, mainly in South Korea and the United States, followed by Taiwan, Japan, and Thailand. Under the guidance of the first batch of backbones, he acquired Korean companies on a large scale and established A. The Asian headquarters of L Company began the road of merger, and since then, Ann's tentacles have spread all over the Asia-Pacific region, becoming another giant in the Asia-Pacific financial circle.

In order not to attract the attention of the major chaebols, An's group in Asia does not have a general agent, but is divided into several departments to operate and rely on each other, and gradually grow into the current behemoth, they are just partners on the surface, Han Ximing is all Korean nationality, has a great local advantage, the outside world does not know that they are a group, and An's headquarters is still outside the economic center of South Korea, Jeju Island.

Speaking of chaebol, it is impossible to mention its source. In South Korea, due to the needs of national management and production, it has gradually formed five major chaebols such as Samsung, Hyundai, Daewoo, LG (LG) and Xianjing, which are in the hands of the same family, and the business projects cover almost the entire industry and commerce, and even the media, politics, and social resources are in the hands of these companies, a single Samsung Group, accounting for 15% of South Korea's GDP, and also operates South Korea's "JoongAng Daily", and Hyundai Group also has "Culture Daily" as its mouthpiece.

The primitive accumulation of capital is extremely bloody. The birth of South Korea's chaebol stems from a series of incentives and support policies during Park Chung-hee's reign, but their rise. Still can't escape the bloody accumulation of primitive capital, the early Korean gangsters have the influence of the major chaebols behind them, and the most famous one was once the president's personal adviser. The current South Korean President Roh Moo-hyun is the third leader after Kim Yong-sam and Kim Dae-jung to vigorously promote the process of democratization. South Korea's chaebol was born in the Park Chung-hee era and rose to prominence during the Fifth Republic (during the terms of Chun Doo-hwan and Roh Tae-woo), and three successive presidents with close ties to the chaebol connived at the chaebol's expansion and dominance in the country.

Chaebol, the miracle of the Han River rose from the Park Chung-hee era, these two words are the shackles on the heads of all South Koreans, and over the decades, their tentacles have extended to all aspects, from light industry to heavy industry, from food to department stores, from electronic communications to shipping, from energy to agricultural and sideline products...... The chaebol is like a strain of bacteria, parasitic on this peninsula, constantly sucking nutrients, dividing, spreading, and spreading endlessly.

Even if he is the current president, Roh Moo-hyun has come to this point without the role of the chaebol behind it, or in other words, the history of South Korea is the history of the evolution of the chaebol, and nothing can avoid their influence.

In South Korea, the chaebol economy is really not a joke, from Daewoo, Xian**, the tentacles of the chaebol have extended to various industries today, no matter where to start, if you want to get ahead, bigger and stronger, you will inevitably infringe on the interests of the chaebol, there is no Samsung, and cJ, Lotte, Lg, etc.

For South Korean politics, the chaebol is equal to the root of each party, and on the other hand, the fact that South Korea's economic field can maintain a limited degree of independence is also closely related to the existence of the chaebol. If it weren't for the chaebols that "monopolized" South Korea, the international conglomerates that were eyeing the peninsula would not have minded turning the peninsula into their private garden.

Since the miracle source of the Han River in the 7o years, I don't know how many international groups have returned under the chaebol model, South Korea lacks resources, the land is barren and narrow, once the chaebol loses its advantage in politics, without them in the front, the fragile economy of this small country will immediately be eroded and plundered by the international crocodiles who smell the fragrance, which can be regarded as the positive role of the chaebol.

After An's Capital landed in South Korea, it encountered resistance from the major chaebols, after all, South Korea is only so big, if you take a bite, I will have one less.

In the face of this situation, Anding Bang had to disperse its forces, silently lurking, with the help of the financial crisis, when the major chaebols were busy expanding and had no time to take care of others, they borrowed the womb to give birth to children, established a number of companies with different banners, and won the favor of the local government, Shen Chenghao's investment in S.M Company was a matter of the past. Behind these companies are An's Group, but on the bright side of the Qiē have nothing to do with An's Group, those companies just silently changed a president, and now they are all so chaotic, the country does not know how many companies go bankrupt or are acquired every day, so it has not attracted much attention from all walks of life. However, the blind expansion of the Daewoo Group and the problems left over from the collapse of the financial turmoil have brought a huge burden to the South Korean government, and the future president has also begun to crack down on the chaebols.

A. A. Ann, who remained in South Korea at the end. L) The general agent in South Korea is composed of five people, including Shin Sung-ho, the director who actually controls the largest stake in S.M., Lee Moon-dong, the president of neangLe, the fourth largest newspaper in South Korea, Kim Woo-jin, the president of Muan Security Company, Choi Kyung, the president of Namsan Industrial, and Han Hee-myung, a member of parliament.

Several people had dinner, determined the goal of acquiring the S.M company, and then left each other on the phone, and then they broke up, this time it was mainly a meeting, and there will always be a time to communicate again in the future. An Yuxi doesn't have time to accompany these uncles now, he has more important things to do.