"Express! Express, South Korea accepted the conditions of the World International Fund to avoid bankruptcy, but experts estimate that the South Korean economy will regress by at least 10 years! "On the streets of XG, the newspaper boys who sold newspapers were shouting loudly about today's big news.

"This time Korea is finished!" A white-collar worker bought a newspaper, and after reading the above news, sighed.

Just when Daqian was fighting various lawsuits in the United States, South Korea fell into a complete financial crisis, and the fuse of this financial crisis was still our Mr. Soros, after shorting the Thai economy, he changed the target to South Korea and began to toss South Korea's financial market.

Since September, South Korea's banks have gone bankrupt, falling from 989 won to 1,012 won against the dollar, then 1,033 won, and then falling for several days before finally falling below 1,100 won.

Soon, South Korea's foreign exchange reserves were less than $10 billion, and the South Korean government could only announce that it would abandon the control and monitoring of the foreign exchange market, and then the won plummeted to compete with Thailand.

Then, all South Korean stocks fell wildly, one-third of South Korean companies declared bankruptcy, and finally on December 1, South Korea announced that it would accept the mediation of the International Monetary Fund and get a $58 billion bailout loan in December.

However, as a condition, South Korea must liberalize free trade and capital account restrictions, and reform the labor market and state-owned enterprises, anyway, to reform its own governance according to the will of the West, and the whole of South Korea has been hit like never before, and the development of the previous 10 years has also been wiped out.

It is worth mentioning that later, in order to be able to repay the money, South Korea launched a patriotic and self-sacrificing spirit movement on an unprecedented scale.

At the call of the government, a quarter of the people participated in the movement, and people lined up to exchange all the dollars and gold in their homes for Korean won, in order to help the country accumulate dollars, overcome the foreign exchange crisis, and pay off the $58 billion loan.

As a result, in less than two months, the government received 226 metric tons of gold, as well as $2 billion in foreign exchange, for a combined value of $4.2 billion.

Although these are still a drop in the bucket, they eventually helped South Korea pay off the $58 billion loan it owed in August 2001, nearly three years ahead of schedule, something that countless South Koreans have been boasting about for a lifetime.

But later, the media conducted statistics and found that the donations were basically ordinary people, while South Korea's Samsung, Daewoo, Hyundai and other wealthy families also donated.

Although it seems like a lot, each family donated about $1 million in foreign exchange.

But these are only 1/10,000 of their total wealth, but ordinary people have donated almost all of their property, which makes many South Koreans cry out.

It is those chaebols who make money, and they are going to lose money, but they are humble and poor ordinary people, and it is simply sad to put all their wealth on top to serve the country!

South Korea's affairs are in an uproar all over the world, and at the same time, the whole of Southeast Asia is also extremely terrifying to Soros.

On the surface, this is the financial crisis caused by Soros's shorting of the South Korean economy, but in fact, Soros did not do much, he just pushed lightly, and did not even push, but only revealed the idea of shorting the South Korean exchange rate, and the entire South Korean economy collapsed.

In fact, in the final analysis, this is a huge problem in South Korea itself, and a large part of South Korea's development is based on bank loans, which leads to an extremely high bad debt rate of banks, and many bank loans cannot be recovered.

When South Korea's economy is booming, none of this seems to be a problem.

But as the economy tightened, the bank was horrified to find that it had no money, and there were rats in the vault, and then as soon as the news of Soros's coming came, many South Koreans immediately began to want to convert the won into dollars to avoid being trapped.

Of course, the ordinary Korean masses do not have such a keen sense of smell, and those who have such a speed are the Korean financial circles, entrepreneurs, etc., the so-called elites, and they are such smart people that it is impossible for them to lose money.

But it is precisely because of these so-called elites that before Soros has time to act, the entire South Korean financial market collapsed by itself, which made Soros also very depressed.

Because the speed of South Korea's collapse was so fast that Soros didn't have time to deal with it, and in the end, he even lost a little money in South Korea, and he didn't know who to reason with.

Therefore, Soros is just the fuse of South Korea's economic collapse, and it is the South Koreans themselves who are killed by the killing of South Koreans, and they are also their elites.

However, this fuse has scared the entire southeast region crazy, and now Soros is like a demon in the eyes of the financial markets and financial management departments of various countries.

But they can't deal with this demon yet, and they can't even stop people from reaching out to themselves, because behind them is the United States, holding high the banner of fairness and freedom.

You can't object, it's really a vegetarian when the big stick of the father of the rice country is vegetarian!

So now the countries of Southeast Asia are terrified of Soros to the extreme, especially in South Korea, which has collapsed them, and they understand that Soros's eyes are bound to shift to other countries.

It is said that the relevant departments of Wanwan went to the United States as soon as possible and placed orders worth tens of billions of dollars, while Singapore relaxed some of the restrictions, anyway, almost everyone wagged their tails and begged for mercy on the United States side, trying to get Soros to let them go.

However, their actions are superfluous, and in the eyes of real insightful people, these countries cannot be targeted by Soros, because their money is not easy to earn.

Soros's next target has only one and only one, and that is XG.

All of a sudden, there was a lot of noise throughout XG, and everyone was afraid of Soros's arrival.

But what should come will come after all.

Time slowly entered the second half of December 97, the fortune magazine of the United States was on sale normally, and customers were surprised to find that there was an interview with Soros on it, and Soros first defended himself in this interview, saying that he did not promote the financial crisis of Asian countries, but that they had economic problems, and they just happened to meet at the right time, not at all in their own fault.

This part of the interview seems normal, and Soros seems to have a little uneasy conscience.

But in the next second, when the reporter asked which other regions in Southeast Asia had economic problems and could burst the bubble at any time, Soros did not hesitate to give a name: XG.

In an instant, this XG was dead silent, and all the people in the financial world felt that it was a bolt from the blue, and XG was about to face a catastrophe!