Chapter 90: The Financial Crisis
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In the morning, Jessica's expression looked much better, and An Yuxi prepared fried eggs and lean porridge for the two sisters, and the three of them ate very sweetly.
After thinking about it, An Yuxi still felt that he should not take the two children to meet the five people, the furniture was not prepared, the skirts and other things were also in the laundry, the girls still had to go to school, and it was very time-consuming to get furniture at night, and the most important thing was that he felt that he was not ready. Ahn Woo-seo decided to let Shin Sung-ho prepare to meet at noon.
"Uncle Hao, please contact Uncle Cui and them, and tell them that we will meet at noon."
"Okay, let's go together at noon."
"Yes."
An Yuxi was a little lucky, fortunately he didn't tell the two girls about this trip, otherwise he wouldn't know how to explain it, so let's tell them later, lest they have a burden.
Say yes to Jessica, let her tell the girls to go to the house to help at night, and celebrate the housewarming by the way, originally An Yuxi still had plans to live in Zheng's house and hide for a while, think about it, forget it, the children like this place very much, it's not An Yuxi's character to always hide, and the soldiers will block the water and cover it.
The destination is a private club in Cheongdam-dong, which is a very private place, and there are bodyguards on standby at all times.
Here, Ahn Woo-seo saw the five A's who had been in Korea for almost ten years because of himself. The old man of Company L, of course, this "old man" does not mean that they are old, and the eldest Han Ximing is only in his forties, but they are all a. A veteran employee of Company L.
In his father's words, if these people can betray him, then their family is in danger. Therefore, An Yuxi has unconditional trust in these people.
"Young Master!" An Yuxi watched his uncles who were older than him stand in a row in front of him and bowed, An Yuxi felt very uneasy, why was he so unhappy, a bit like a new emperor ascending the throne.
An Yuxi, who was uneasy, was afraid that he had been orphaned, so he hurriedly called his father.
"Dad, are you alright?" The phone rang for a long time before it was connected, and An Yuxi couldn't wait to ask when he heard a "beep".
"Huh? What could it be? "Father An's voice over there was very strange, and he spoke very slowly, as if he hadn't woken up.
An Yuxi only then thought that it was night in the United States at this time.
"Oh, it's okay! I'm in a meeting. An Yuxi hung up the phone in a hurry, it was okay, and he slept so soundly.
Then he bowed to the five uncles who were waiting for him and said, "I'm sorry, uncles. ”
"It's okay, it's okay!" Several uncles said they didn't care, but they were also wondering, didn't they say that there were still people, why was only one person coming? The other four kept looking at Shin Sung-ho.
"Uncles, don't be polite, everyone is not an outsider." An Yuxi took the initiative to sit on the main seat and motioned for them to sit down.
"There is no affiliation between us, and you are all my uncles, just call me Yuxi." An Yuxi said.
"Yuxi, let me introduce you." or Shen Chenghao, who first met An Yuxi, took the initiative to introduce.
These four people are Lee Moon-dong, president of neangLe, the fourth largest newspaper in South Korea, Kim Woo-jin, president of Woo-jin Woo-jin, president of Namsan Industrial, Choi Kyung, and Han Hee-myung, a current member of parliament.
After listening to Shen Chenghao's introduction, An Yuxi knew how much foundation his father had left for him, entertainment, media, industry, politics, security, it was all over all walks of life, An Yuxi could foresee that the future star journey must be smooth, if he has the corresponding strength.
But isn't that too much of a cheat? An Yuxi thought very cheaply, but it was too obvious that he couldn't express it, Koreans are very hateful to the rich, and with the corresponding strength, let's talk about it, before this, it must not be perceived.
Han Ximing, who is the boss, introduced to An Yuxi why they have such great achievements.
Since An Yuxi made a wish and said that he wanted to go to South Korea to be an artist, An's father began to consider exhibiting his career in South Korea, and in 1994, he sent Shin Sung-ho to South Korea to inspect the market.
After Ann's Capital came to South Korea, it did not understand the local situation, and was suppressed by the major chaebols in South Korea, suffered heavy losses, and had to retreat to Jeju Island.
It wasn't until Shin Sung-ho met Lee so-man by chance, and after talking, Shin Sung-ho expressed his interest in Lee so-man's plan, and then the two hit it off when they met the fire, which was a complete surprise for An Yuxi.
Since An Yuxi knew that Shin Sung-ho and Lee so-man were cooperating, he told his father not to interfere too much in the decision-making of S.M Company and to keep the family business.
This is how the family business came about:
After An Yuxi proposed his dream to An's father, these three years are the most important three years of An's Enterprise Exhibition, with sufficient funds in his hands to invest in several very important projects, what is specific An Yuxi has no interest in knowing, but it seems to be making money again...
The collapse of the Soviet Union and the establishment of the European Union predicted by An Yuxi, as well as the realization of the Iraq War by the United States, shocked An's father and An's mother, and had a deeper understanding of An's ability, after An Yuxi predicted the Asian financial crisis in 93, Andingbang sent the first batch of backbones to invest in Asia, headquartered in South Korea.
Until 1996, the market survey and investment environment risk report from the Korean branch showed that the Asian financial crisis had already shown signs of coming, and venture capital was originally speculation, that is, gambling, there were losses and of course there were wins, but Ann's only won more and lost less.
In August 1996, Anding Bang personally led a group of managers to South Korea, and the results of the survey showed that the credit markets of many East Asian countries were deformed, and the ratio of domestic credit to GDP in Japan, South Korea, Thailand, Malaysia, and other countries was as high as 115%-2oo%; On the other hand, its capital market is immature or incomplete, resulting in enterprises relying excessively on indirect financing from commercial banks, and banks are too dependent on the government's "dominance" and guarantees, leading to excessive expansion of bank credit and excessive bank claims or bad debts.
For example, the assets of banks in South Korea and Thailand account for 34%-4o% of their GDP. At the same time, the immaturity of the BEA system is reflected in the lack of financial supervision and regulations. In the Philippines, bank loans increased by 38% in the three years leading up to the financial crisis, while the share of loan loss reserves in total loans fell from 3.5% to 1.5%, with Malaysia having the highest share at only 2%.
The financial systems of East Asian countries are flawed, and there are loopholes in many places that can be exploited. In such a weak financial system, once the wind blows, such as a sharp drop in the balance of payments, the people's will will fluctuate, domestic funds will be sent out and foreign capital will be quickly withdrawn, and a financial storm will follow.
The opportunity seems to have arrived, the opportunity for Ahns' rise.