It takes at least a few decades for a country to rise.

For example, China's close neighbor, South Korea.

Since the 60s of the last century, South Korea has tilted its economic focus to exports, and labor-intensive industries have increased dramatically, thus achieving rapid economic take-off.

In 1988, after South Korea hosted the Olympic Games in Seoul, it soared to become the first of the four Asian tigers.

In 1996, then South Korean President Kim Yong-sam announced his accession to the OECD, also known as the "OECD".

This move indicates that South Korea has completely entered the camp of developed countries.

According to economic polls, 85% of South Koreans consider themselves to be middle-class.

However, the Koreans rejoiced too soon.

November 5, 1997.

Wall Street, New York, Morgan Stanley Head Office, East Asia Division.

Wall Street analysts issued an urgent notice to investors.

"All investors, please withdraw all their funds in South Korea immediately."

Immediately afterwards, a large amount of upstream capital began to withdraw from South Korea.

Foreign investors have also sold off their South Korean assets, and even exchanged their holdings of South Korean won for the US dollar, the international currency.

The exchange rate of the South Korean won has plummeted due to the impact of the financial turmoil, and it is necessary for the South Korean top management to use foreign exchange to raise it.

Now that most of it has been exchanged by foreign capital, South Korea's foreign exchange has quickly bottomed out.

.....

November 15th.

International funds, which were temporarily blocked in the Xiangjiang stock market, decided to move all the way north to South Korea.

International speculators, led by Soros, once again gathered firepower to sell the won.

For a time, the Korean won exchange rate plummeted, and it collapsed in less than five minutes, triggering the circuit breaker mechanism one after another.

On November 17, the South Korean won fell for two consecutive days, and the Bank of Korea was forced to abandon its intervention in the Korean won.

On November 19, South Korean President Kim Yong-sam accepted the resignation of Kang Kyung-sik, South Korea's president of finance and economics, and his senior assistants.

As soon as the news came out, South Korea's financial market suddenly got out of control.

After the opening of the Korean financial foreign exchange market on the same day, it fell again by 23 won, a decline of 2. 27%, falling below the Korean won, the daily fluctuation range does not exceed 2. 25% limit.

At the same time, the Seoul Composite Stock Price Index fell sharply by 11. 65 points, a drop of 2. 36% to close at 483. 01 o'clock.

In order not to depreciate the won, the South Korean authorities can only buy foreign currency in large quantities.

It's a pity that the dollar is withdrawing significantly faster than they can buy.

The treasury has less than $10 billion in foreign exchange reserves, which is simply not enough to deal with the huge amount of money carried by international speculators.

For this reason, the South Korean high-level did not hesitate to pull down the face and urgently asked the neighbor RB for help.

After receiving the news, RB also knew the truth of the cold lips and teeth, and was ready to assist South Korea with 20 billion US dollars to resist the attack of international funds.

Unexpectedly, he received a stern warning from the Federal Reserve on the same day.

South Korea's last straw sank with it.

Immediately afterwards, under the attack of international travel funds, the exchange rate of the won plummeted, prices rose sharply, and the won system collapsed, completely turning into a piece of waste paper.

The won is worthless!

South Korea's 20-year miracle accumulation of dollars on the Han River has been wiped out, and the country has suddenly slipped from the peak of prosperity to the endless abyss.

People screamed, collapsed, and jumped from towering skyscrapers......

South Koreans are at a loss.

I don't know who made the call first, and suddenly there was a rumor among the people: "Give the gold to the state, and we will save ourselves."

The Korean people broke out with unprecedented cohesion, and every family did not care about the gains and losses, whether it was ancestral gold jewelry or gold at the bottom of the box, all of which were selflessly donated to the South Korean authorities by their respective owners.

A huge national self-help movement has begun.

According to statistics, South Korea has received more than 200 tons of gold worth nearly $2 billion from the private sector.

But this flame was completely extinguished by international capital with a small glass of "water".

Gold is a hard currency that is "harder" than the dollar.

But this year is the lowest point of the international gold price in the past 20 years.

South Korea is simply unlucky, and the people's gold has not been exchanged for too many dollars to survive this crisis.

November 22nd.

South Korea officially declared bankruptcy and decided to use its remaining foreign exchange reserves to protect large companies and abandon the interests of small and medium-sized enterprises and ordinary people.

All of a sudden.

South Koreans are desperate, bankrupt families are numerous, and unemployment and suicide rates have skyrocketed.

As a result, rooftops and bridges are insufficient.

...

Hong kong.

Antler Building, nine floors.

Lin Zeju looked at the latest issue of the newspaper, and was frightened into a cold sweat.

Soros and other financial giants, with the flick of a finger, don't even need a bullet to destroy a country.

"Ah Wei, you said yes, South Korea is really bankrupt in seven days!" Lin Zeju said a little distractedly.

"Flies don't bite eggs, to put it bluntly, these countries in Southeast Asia have problems with their own economies." Chen Weidong put down the newspaper and said lightly.

Southeast Asia's economic development is too dependent on exports, and industrial development is in its infancy, dominated by population-intensive industries, and industrial expansion is also at a low level, unable to achieve product upgrading.

At the same time as the rapid economic development, the inflow of hot money and bank loans into the real estate industry led to a serious surplus of real estate, and the inflation of prices gave birth to bubbles.

The façade of Southeast Asia's economic prosperity conceals all contradictions, and it is not until the international financial giants open their sharp mouths that they realize how fragile their economies are.

"Ah Wei, you are a person from the future, right?!"

Lin Zeju suddenly rushed over with red eyes, tugging on Chen Weidong's collar and not letting go.

"Damn... Let go of me!! ”

"Let it go...... Open me..."

"You're *****!" Chen Weidong felt like he was going to be strangled and was about to be out of breath.

The strange noise in the office quickly alarmed the staff outside.

Li Xi'er hurriedly ran over, separated the two of them forcefully, and exclaimed, "What are you two doing, aren't you usually quite normal?!" ”

"Ahem, who knows what crazy he is......" Chen Weidong instantly felt the air of freedom, and he almost felt like he was going to hit the street.

Lin Zeju on the side suddenly became extremely calm, turned his head and said to Li Xi'er: "You go out first, I still have something to talk to Ah Wei." ”

Seeing that the two of them returned to normal, Li Xi'er finally breathed a sigh of relief and said cautiously: "Okay, you two don't fight again, otherwise I will call the security guard." ”

"Listen to you, you go out first." Chen Weidong straightened his shirt tie and sat back in the office chair again.

Li Xi'er walked out of the office and waved to everyone at the door, asking them all to return to their posts.

......

"Ah Wei, how do you explain it?" Lin Zeju said.

"Explain? How do you want me to explain? ”

Chen Weidong's tone was calm, making it impossible to see his emotions.