Park Jun-ryong and Shin Yeon-so did not speak Korean, but Japanese. The two deliberately did this, on the one hand, to avoid being listened to by others.

Today's South Korea is not the one that was colonized by Japan in the past, and it is not the one that was economically backward after independence, and once regarded the Philippines as a model to follow.

There are many young people in South Korea who speak English, but there are fewer and fewer people who speak Japanese. It's not like the average Korean of the previous generation, but they can basically still speak some basic Japanese.

The reason why they were born and raised in Korea during the Japanese colonization period is not because they saw and experienced the whole process of Japan's economic rise to its heyday.

In their time, Americans had far less money in their pockets than the Japanese. Some of the Koreans who used to speak broken English were the first to speak broken Japanese.

In the seventies and eighties of the twentieth century, the wealthy Japanese, especially Japanese men, not only organized a large number of groups to travel to South Korea, but also bought prostitution.

Many Korean women also married to Japan at that time, and there are still many Korean daughters-in-law in some parts of Japan.

Ordinary Koreans look at the Japanese who spend their money with their own eyes, and in addition to envy, jealousy and hatred, the rest is basically inferiority.

They hate the Japanese, and even if they do, they won't get along with money. At the end of the day, it's true that ordinary Koreans don't have a good time.

When they completely reversed this sense of national inferiority and turned it into a kind of arrogance, they also learned from the Japanese in the past to go to other countries to buy and buy all kinds of money, and at the same time, they either gambled a lot of money or bought all kinds of prostitution.

At one point, they even shouted that they would go to other countries to show off their sexual consumption and gamble...... It is also patriotic and wins glory for the country. On the other hand, it brings the relationship between the two parties closer and enhances the relationship between them. Who made them all have some Japanese blood in them?

Xin Yanxiu asked with a serious face: "Do you think the housing prices in South Korea will fall?" ”

Park Junlong said: "There is a high probability that it will fall." Actually, the reason is very simple. Before the Fed raised interest rates continuously, the Bank of Korea gave a benchmark annual interest rate of 0.5% for deposits.

Even so, the market's reaction or expectation is that most of them believe that the Bank of Korea will cut interest rates, resulting in zero or even negative interest rates like Japan.

As the Fed has started the mode of continuous interest rate hikes, the Bank of Korea can only passively continue to raise interest rates. The benchmark annual interest rate on deposits has risen from 0.5% to 3.5% now.

As a result, the annual interest rates of commercial banks, large and small, will also rise. In general, the annual interest rate of the loan will be about twice the annual interest rate of the deposit.

Therefore, the annual interest rate of the loan is at least 7%. This is ...... for landlords, tenants, speculators, mortgage lenders As long as the person who has borrowed money from a commercial bank, the interest paid is N times that of the past.

Not only that, but in the face of a bad economic environment or the economic situation that is not expected to be good in the next few years, enterprises often do not expand reproduction in the form of loans.

In order to protect themselves and reduce business risks, the safest way is to lay off employees and increase efficiency. This means that many ordinary Koreans will be unemployed.

Unemployment is not the most terrible, but the most terrible thing is unemployment, and there is still a mortgage to pay. Housing prices in Seoul have already fallen by an average of 30%. Some real estate projects were directly cut in half, falling by 50% or even more.

Even people who don't understand the economy, finance, the property market, etc., can draw a conclusion from the number of suicides in South Korea recently that the economy is poor.

The worse the economy, not only will public order deteriorate, but the number of suicides will also increase. What is the point of continuing to live without all hope, only despair and personal debts that I am afraid will not be able to pay off for decades? ”

Xin Yanxiu nodded and asked thoughtfully: "Housing prices in Vietnam have also plummeted, and they are almost about to collapse." There are more than 1,200 unfinished properties across Vietnam.

Isn't it a great opportunity to take advantage of this time to go to Vietnam to buy the bottom? South Korea has surpassed Japan to become Vietnam's largest source of foreign investment.

On the Vietnamese side, there are not only a large number of Korean factories, but also many Koreans who live or settle down in many places. Not only that, but the Vietnamese are friendly to the Koreans. They are deeply influenced by the spread of Hallyu culture. ”

Park Junlong made an analysis from his professional point of view: "South Korea has developed its economy for so many years, and in general, it still has some family background.

After all, this country is the only country in the world that has been able to directly upgrade from a developing country to a developed country after World War II. The country was the same before, and it is still the same.

Whether it is for the better or for the worse, there has been no qualitative change like in South Korea on the whole, but there have been more or less quantitative changes to varying degrees.

Although Vietnam's economy has developed to a certain extent, objectively speaking, it is far from enough. The negative impact of the property market crash on Vietnam is quite huge.

Many high-ranking officials and wealthy people in Vietnam, especially a well-known richest woman, have already been arrested. The corruption involved in this is even more shocking. ”

He paused at this point, and then said: "For the current Vietnam, it is necessary to save the property market. Otherwise, the entire economy of Vietnam will be completely destroyed.

The economic results of decades of hard work will be ruined in one fell swoop, and only a very small number of interests will be fattened, and the vast majority of Vietnamese people will be severely cut a large number of leeks.

Many of them had their leek roots harvested. People who buy a house with a mortgage not only lose the house and lose the down payment, but also owe the bank a sum of money.

In addition, Vietnam is facing many problems! It is also necessary to maintain foreign trade and exports, avoid a large depreciation of the currency, the flight of foreign capital, and a series of problems such as the return of foreign capital to the United States.

If it is not handled well, the consequences are unimaginable. At that time, you want to go to the bottom, but you don't realize that this is not the bottom, and there is a deeper bottom waiting for you. ”

Xin Yanxiu said seriously: "What you mean is that it is not wise to buy Vietnamese assets at this time." ”

Park Junlong did not tell a lie and said: "At the very least, I will not take advantage of the current time to go to Vietnam to buy any assets." Judging from the current economic situation, it is very likely that the Fed will raise interest rates in a series of actions.

At that time, the economic environment in South Korea will become even worse, and there will be room for further decline in housing prices. Instead of buying Vietnam's assets, it is better to see the right time to buy South Korea's assets. ”

(End of chapter)