Chapter 153: Soros's Visit to South Korea (1)
Bell Stone hadn't seen Andrew since Christmas, and he didn't know if he was guilty or what, anyway, he just didn't show up, but fortunately, the employees in the Tianyu Fund had long been accustomed to his state, and no one asked anything.
As for Andrew's share in the Tianyu Fund, he didn't use it, and in the past few years, following Zhong Shi's operation, he has also earned a net worth of hundreds of millions of dollars, which is part of his private money. Andrew knows very well that the share of the Tianyu Fund is the foundation of his life, and he must not use it until the last resort, otherwise he will be really in trouble if he makes Zhongshi unhappy.
Although he brushed Zhong Shi's meaning this time, Andrew was not very afraid, and it was not a big deal to say that this matter was broken, but he was a little weak-hearted, and decided to go out and hide for a few days first, anyway, there would be a long vacation for a month soon.
In fact, for Andrew's careful thinking, Zhong Shi felt that it was not worth it at all. He is not naΓ―ve enough to think that these international investment banks are just admiring them, but with the experience of working in these institutions in his previous life and the rumors of later generations, he knows that there are many shady scenes in this area, almost to the point of appalling. Although it is impossible for them to blatantly hack their own money, it is definitely easy to get him to lose this money in the transaction.
As the saying goes, "You can't have the heart to harm others, and you can't have the heart to defend people", Zhong Shi can't trust anyone else except himself.
Just when Zhong Shi was thinking hard about what the other party's intentions were, there was also a figure who was thinking hard about the current predicament, but this one's identity was relatively special. He was not thinking about whether someone had set a trap for him, but thinking about how to break the current economic predicament.
In the December 19 general election, Kim Dae-jung, the presidential candidate of the New Politics National Assembly Party, narrowly defeated Lee In-je, the presidential candidate of the previously ruling New Korea Party, by a narrow margin of 1.6%, and became the 15th president of the Republic of Korea.
It has to be said that his previous performances in parliament and the gathering in Seoul Square attracted him a lot of votes, which also enabled him to win the final election. Although members of the New Korea Party, including Lim Chang-yeol, resorted to a lot of tricks in the last moment, including lifting the restrictions on the floating exchange rate of the Korean won and spreading various rumors about Kim Dae-jung, and spared no effort to build momentum for Lee In-je, it was too late. In the end, Kim Dae-jung was elected president of the Republic of Korea as he wished.
Although it was not until January 1, 98 that the formal transfer of power was possible. However, Kim Dae-jung has automatically changed his way of thinking to the presidential model, and he has recently been invited to attend some high-level meetings of the Kim Yong-sam administration, which is naturally aimed at a smooth transition of power and avoids major fluctuations in policy.
"You say. How can we overcome the current predicament? Kim Dae-jung, who had another day of meetings, lay tired on the chair. Sighing weakly at the sky.
Although because of various factors. The won exchange rate has risen from around 1,800 won at its lowest point to about 1,300 won today, and has stabilized to a certain extent, but the domestic economic situation is still not optimistic. There was even a rush to buy food.
Of course, South Korea also produces food, but the problem is that things like sugar, instant noodles, cooking oil, soap, canned food, etc., are either imported or made from imported raw materials, because the violent fluctuations of the won have caused uncertainty in the price of these foods, and under the impetus of rumors, they have been repeatedly amplified, and finally triggered a rush to buy.
Kim Dae-jung had just returned from the scene in these places, and for these middle-aged women who were already in their thirties and forties, they had no concept of a country or nation in their eyes at all, so they naturally ignored what Kim Dae-jung said. Pity this Mr. Kim Dae-jung, who will sit on the presidential throne in a few days, talked for a few hours, and in the end, others still snapped up the purchase as usual.
Frustrated, Kim Dae-jung returned to his office with exhaustion, which was his parliamentary office, and although it was not yet at the Blue House, the security force had been significantly strengthened.
Sitting across from him was Park Hee-rae, the central banker's nominee from the New Korea Party, but who had secretly defected to the New Politics National Assembly Party.
Because they are very familiar with each other, and he can be regarded as the first batch of bureaucrats to defect to Kim Dae-jung, plus he is a professional talent, he is not so polite in his speech. After frowning and thinking about it, Park Hee said, "Mr. President, I think your top priority is not to appease the people, but to think about how to solve the current crisis between the chaebols. β
Jin Dazhong shook his head slowly, pressed his temples with both hands, and rubbed his eyes slightly before he said lightly: "I also know that this is the truth." It's just that I can't get involved now, and besides, where can I have an immediate effect? β
"In addition to the government's large-scale purchase of the equity of these companies, I have also figured out another way in the past two days. After careful consideration, I feel that if this method can be successful, it will definitely not be a half-star for the improvement of our country's economy, although it cannot be said to be immediate, but it can definitely see results in the short term. To Kim Dae-jung's surprise, Park Hee-rae said something that surprised him after thinking for a while.
"Oh? Is it? Kim Dae-jung suddenly straightened up from the Taipan chair, stared at Park Hee with a solemn expression, and saw that the other party was looking at him without fear, and his heart was measured, and his cloudy eyes turned around a few times, and then he lay back on the comfortable Taipan chair, and said with a smile, "It's not yet time to implement it, let's talk about it in two days." β
Park Xilai is naturally not a mediocre person, but after a little thought, he understood the meaning of Kim Dae-jung's words, and smiled, "Mr. President, you don't have to worry too much about this, my operation of this matter is still quite time-consuming, and it will take at least a few weeks anyway." It will definitely not be done until you have taken the oath of office. Besides, this incident does have a strong stimulating effect on boosting investor confidence, and I think it is better for you to know it in advance. β
"Really?" Jin Dazhong still looked careless, but his eyes had already flashed from time to time, and he weighed it in his heart for a long time, and then he pretended not to care and asked, "Governor Park, since you have such a good idea, don't bother to talk about it." You have to know how I am also the next president, although I have not yet been officially sworn in, but as long as it can be beneficial to the country. Naturally, I would not hesitate to carry it out and implement it. β
"What a level of speech!" Park Xilai secretly praised in his heart. Being able to talk about this kind of thing for the country and the people is indeed one of the compulsory courses for politicians, and this kind of high-sounding remark cannot be refuted by others. After collecting his thoughts, Park Hee-rae said, "Mr. President." Now that there is a financial crisis in our country. This in turn led to an economic crisis. Overall, however, the economy of the Republic of Korea remains dynamic and promising. Stiglitz said that the support of the Bank for South Korea shows that they are optimistic that the economy of the Republic of Korea will grow strongly in the future. β
"Stiglitz? Who is it? Kim Dae-jung rolled his eyes. Disdainfully said, "What is the economy of our Republic of Korea, do we need a Caucasian person to brag about?" After touching his smooth chin, he said to himself, "I have to say, this guy has a very good point, if only everyone thought so." β
Park Xilai smiled bitterly, didn't dare to make a sound for a long time, and waited until Kim Dae-jung's performance was over, he replied weakly on the side: "Joseph. Stiglitz is one of the world's top economists and the current chief economist of the World Bank, and has unparalleled influence on large financial institutions including the World Bank and the International Monetary Fund. β
"I see!" Jin Dazhong slapped his head, a little annoyed by his performance just now, but after only a moment, he regained his composure and said, "Is it possible to let this gentleman help us talk a few more times?" Why don't I think that after he said it, the stock market went up and the economic environment improved? β
"Of course it was useless for him to speak. Since he works for the World Bank, the market can only discount his words for the sake of his position. Moreover, it is not these economists who really influence the market, but those who have the money in their hands to determine the direction of the market. Park Hee-rae replied busily.
Jin Dazhong nodded, and then asked: "So in this market, what is the person or institution that can have such influence?" I already understand your intentions a little, you are planning to invite such a person to shout for our Republic of Korea, I don't know if I guessed right? β
"Yes, Mr. President is wise, he can even think of this!" Park Hee-rae's head nodded like a chicken pecking rice, and after complimenting Kim Dae-jung well, he continued, "In fact, there are all kinds of rumors in the financial market now, and the focus of attention is also endless. But if you talk about global influence, even unique, it can only be him. After speaking, he took out a photo from his arms, on which Soros was naturally smiling.
"Soros?" Even if he wasn't in this circle, he hadn't been involved in economic affairs much before, but Kim Dae-jung still recognized the person in the photo at a glance.
I have to say, George. Soros is now in Southeast Asia, no, in East Asian society, and after the collapse of the British pound, the Philippine peso, the Malaysian ringgit and other currencies, his name has spread throughout the global financial community. And at the annual meeting of the World Bank in Hong Kong, the confrontation between him and the Malaysian prime minister has made his name spread among the general public.
As an aspiring politician, Kim Dae-jung has certainly heard of Soros. But after a moment of thought, he asked the question in his mind: "Will this gentleman promise us?" Not to mention anything else, just the vicious nature of the vulture fund, the outside world won't think that they want to hit the won exchange rate again, right? β
"This ......" Park Xilai thought about it, and there was really this possibility. It's just that his mind turned quickly, and he immediately thought of all kinds of possibilities, "I don't think so." At least when he appeared at the Seoul airport openly, no one would think that he was here to short the Korean won, and the most taboo thing for them to do was to expose his whereabouts. When the time comes, it will be enough for us to say a few good words about the Republic of Korea and boost the confidence of investors. As for the rest, just wait for the market's reaction. β
It has to be said that Park Hee-lai is very familiar with the operation of hedge funds, at least he knows that if Soros appears publicly, it will be impossible to short the currency of that region.
Hearing him say this, Kim Dae-jung's face changed a little, and after pointing at Park Xilai a few times, he said, "Okay! It's up to you to take full responsibility for this. Also, be careful about timing. (To be continued......)