Chapter 781: The Sacking of Korea (Part II)
Northerners drink well, and alcohol is also a catalyst for friendship.
The two cousins, Lee Jae-hyun and Son Sik-kyung, drank well, but when they met Yang Guozhong, who was half Russian, they met a strong rival. At first, everyone was polite, but as they got closer a few more times, they let go of the wine table and drank it. Men drank too much, either sleeping with their heads covered like Sun Ziming, or like Yang Guozhong and the others, the more they drank, the more excited they became, until they were too drunk to wake up.
Although Lee Jae-hyun and his family are worried about funds every day, they are the children of real wealthy families, and drunkenness is their daily life. Although Sun Ziming is also a good drinker, he always drinks less than half of it, so he falls asleep on the sofa next to him, and then Lu Huiguang carries him to the room to sleep. Yang Guozhong is different, he is born with a large amount of alcohol and can drink, and after drinking, he can follow a group of new friends to be happy and fool around. Men, if you want to have a good relationship, you have to do something bad together to be close.
It's just that unlike Lee Jae-hyun and Sun Zhijing, who are accustomed to being high-minded and wealthy children, Yang Guozhong, who was born in a civilian and was not even as good as an ordinary civilian when he was a child, is very sympathetic to the suffering of those little people. Every time these fox friends arrange for female artists to accompany them to drink and bed, although Yang Guozhong does not refuse to come, he will not make some additional requests that embarrass or humiliate them, and even leaves a check for tens of thousands of dollars in the handbags of those poor or voluntary female artists every morning.
As the days go by, Yang Guozhong is really a good gentleman in the eyes of those female stars. Even sometimes Yang Guozhong thinks that a female artist on TV is good, and a female artist who has had a dewy relationship with him will help him match. The days passed in this kind of flowery and drunk, Yang Guozhong enjoyed this comfortable life while waiting for the opportunity to come, and even took a group of fox friends to Tokyo with Sun Ziming to participate in the Tokyo premiere of "Titanic".
Finally, not long after, the main force of the army of foreign investors who were wreaking havoc in Hong Kong pounced on South Korea like locusts: on November 19, the South Korean foreign exchange market fell below the psychological mark of 1,013 won:1 dollar, and the South Korean public, known for its patriotism and unity, finally panicked and ran to the banks and stock exchanges, selling a large number of won to buy dollars.
What the market wants is confidence, and when confidence is no longer there, South Korea's stock market and foreign exchange market will collapse! Even if many South Koreans were instigated by the media to donate their gold and silver jewelry to support the government, it was useless, and under the impact of hundreds of billions of dollars of hot money, the won exchange rate collapsed within a few days! On December 11, the won exchange rate hit a record low of 1719. 80 won: 1 dollar, the depreciation rate of the Korean currency reached 103. 7οΌ γ As of December 13, 14 commercial banks and commercial banks in South Korea have been declared closed by the government. Standard & Poor's, a U.S. credit rating agency, downgraded South Korea's foreign exchange debt by four notches.
With the collapse of the stock market and foreign exchange market, Seoul's Gangnam district fell into a bleak situation, and the brightly dressed white-collar workers walked out of the skyscraper with cardboard boxes in twos and threes.
Bankrupt business owners are so desperate that after laying off their employees, many choose to take the leap from the office. 'Bang', 'ah', 'bang'! 'Alarm the police', 'bang' loud noises, screams sounded again and again, sirens and ambulances sounded one after another.
The Republic of Korea is over, and decades of hard work are over! The Republic of Korea is over, and the thrilling financial crisis has struck like a storm, with large enterprises with outstanding financial resources closing down one after another, and the value of the money that the people have worked so hard to accumulate has fallen by nearly half in two or three months.
This is a national disaster, from the super-rich to the common people. Under the pressure of huge short-term foreign debt, the government was forced to accept aid from international financial institutions at a heavy price, and according to the agreement signed between the government and the International Monetary Fund, in 1998 the Republic of Korea had to implement a high-intensity contractionary fiscal policy and monetary policy, and carry out a major reorganization of financial institutions and enterprises. This means a large number of bankruptcies of enterprises, a surge in unemployment, an increase in taxes, an increase in prices, and a decrease in real incomes.
Just when the whole of South Korea was in pessimism and pain, Yang Guozhong, who had been drinking for several months, finally began to show his fangs, and handed over the wealth plundered from Southeast Asia, Taiwan, Hong Kong, and South Korea to Lee Jae-hyun and Son Sik-kyung, and took advantage of the fire to rob South Korea again. Park Han also followed the list listed by Sun Ziming and cooperated with Tomoji Nakamura, who came from New York, to direct his subordinates to sweep the stocks of future star companies such as Samsung, LG, SK, KT and other star companies in the stock market with cabbage prices.
Tens of billions of dollars in cash poured into South Korea's stock market, coordinated by Tomiharu Nakamura, but it led to a sharp rally in the KOSPI. If the army was organized, they might have scrutinized all the information, but unfortunately they weren't.
South Korea is a chaebol society, and the relationship between enterprises and the government is extremely close, and the heads of companies such as Samsung and LG have vowed to protect the disk under the pressure of the government. In the case of information asymmetry, the scattered army of floating capital actually thought that this was another wave of market, and they shorted the Korean stock market again. Only funds like the Quantum Fund, which is extremely well-researched and organized about the financial situation in Asia, seem to be wrong, and immediately slip away with the money earned from South Korea.
Seeing the massive number of short orders in the stock market, the stock market that dived directly again, even Sun Ziming, who was calm and clear, couldn't sit still.
"Nakamura, can you handle it?"
Svenwen's Tomiji Nakamura is the old man of the 'Angel Fund', and since the Japanese stock market crash in 91, he has been working under Sun Ziming with Steve, and is extremely proficient in the way of the stock market.
"Boss, they miscalculated! The companies we have acquired such as Samsung, LG and SK do not have fatal financial problems, and most of the shares are in the hands of financial institutions. β
Sun Ziming took a few puffs of cigarette and continued to ask, "You mean, when it comes to the delivery day, they will all blow up their positions?" β
βYes!β
Tomiharu Nakamura waved his fist excitedly, took his eyes off the computer screen, and said respectfully: "Unless Samsung, LG and other companies sell their stocks by themselves, they will blow up!" β
That's impossible! Who will give up control of their own business? If that's the case, Sun Ziming will try his best to take over, those companies have almost completed the accumulation of technology, just waiting for the future to soar, it can be said that they are all hens that will lay golden eggs in the future, but they are not as good as those real estate groups in Hong Kong!
"Ok, then we'll do our best to take over!"
"Hey!"
Nakamura Tomiji habitually stood up and bowed, in fact, he had already ordered his traders to take over, just waiting for the delivery day to shear the wool of the army again.
However, how can tens of billions of dollars compete with hundreds of billions of dollars? Sun Ziming invested all their funds in the stock market, and only let the stock market rebound in a short period of time, and then it was a thousand miles away.
However, what Tomoji Nakamura can see, Samsung, LG and other companies can also see clearly, this is a war that can be won as long as it persists until the delivery date!
"Buy! Buy it all! β
"Sell! Sell again! The South Korean government's foreign exchange reserves have been depleted, and this is the final decisive battle! β
With the high-profile entry of companies such as Samsung and LG to protect the market, the stock market has fluctuated violently again, and some short-selling funds have become vigilant.
Right! This is the confidence of Nakamura Fuji, when it comes to the delivery date, no matter how strong the funds that sell short, as long as they can't take out the stock delivery, they will lose!
Those prescient funds quickly went long, frantically grabbing short orders in the stock market, for fear that they would not be able to deliver on the delivery date. If someone reacts, more people will react. For a while, the stock prices of Samsung, LG, SK and other companies in the stock market soared, and by December 20, the stock prices of those companies that had been cut in half had actually recovered to before the financial crisis, leaving all South Koreans stunned.
'Oh my God, is this still a financial crisis?' β
But if it's not a money crisis, why did Samsung's stock price recover so quickly? Right! Chairman Lee Kun-hee, they are all heroes, and if they say that they can protect the disk, they will definitely protect the disk!
The vast majority of South Koreans became excited, and the media also invited experts from all walks of life to analyze the reasons why the stock market rebounded strongly against the market.
The market needs confidence, and once South Korean investors have regained confidence in the stock market, they will immediately enter the securities market again and compete with those crazy short funds to grab short orders, and raise the stock prices of Samsung Group and others again. In an instant, there were only many orders left in the stock market, and not even a single empty order could be found.
"We won!"
At five o'clock in the afternoon of December 22, when the South Korean stock market was closed, Tomoji Nakamura and his men danced and screamed. Their more than $40 billion long orders have all been settled, making a net profit of nearly $25 billion!
This time is not the last time, there are only short orders in the stock market, even if you put out more short orders, no one will take over, and you won't make much money at all. Last time, they used more than $30 billion, and they only earned less than six billion. This time, they went long with their backhand, and as soon as the list was put out, someone took over, and all the orders of more than 40 billion were sold. A month ago, when Tomoji Nakamura bought them, those stocks had been cut in half, and even only 1/3 of the original price remained. Now the price of those stocks has recovered to the previous level, which is equal to their more than 40 billion funds, even if they buy all the shares of Samsung Group, they have made a profit of more than 50%, not including the real shares acquired!
Sun Ziming has always liked to reward and punish in time, and when everyone's screaming stopped slightly, he announced: "Nakamura-kun, immediately count the bonuses and send them to everyone immediately!" β
βNOοΌ Boss, we don't want cash, we want to invest! β
Yes? Sun Ziming and Yang Guozhong glanced at each other, and Tomiji Nakamura next to him hurriedly explained: "Boss, Steve ordered, if everyone is confident, they can hand over the bonus to the company for investment." This time, the bonus from our company was used to reinvest. β
Damn it! The commission ratio given to Steve last time was 10%, so this time alone, I will give more than 2.5 billion to this gang, plus the income from Southeast Asia, Taiwan, and Hong Kong, aren't these bastards all billionaires?
βNOγ Boss, it is impossible to divide all the bonuses equally, but our lowest-level employees have assets of more than 10 million dollars! β
Yes? Li Zhi, who just participated in the Tokyo Film Festival and came to see Sun Ziming, looked at these excited guys and was stunned, Ziming actually brought a group of multimillionaire subordinates?
Oh my God, how rich are Steve, Nakamura?
Li Zhi suddenly became more confident in her purpose for coming to Korea, and she knew too well when Sun Ziming was prone to make mistakes.