As of November 17, at 4 pm.

The depreciation of the Korean won reached its highest peak in history.

The exchange rate of the Korean won against the US dollar fell to a record 1008:1, which means that 1008 won can be exchanged for 1 US dollar.

On this day, both Zucker's Fengfeng Capital and the international speculators who shorted the Korean won were full.

Zhuke's Great Wind Capital earned more than $10 million. Merrill Lynch, one of the five major investment banks on Wall Street, is the most powerful master today.

"Boss, according to reliable information, Merrill Lynch shorted the Korean won futures contract worth $9 billion in just a few hours today, directly breaking the Korean won foreign exchange market!"

Henry said in a deep voice.

"Hiss~!"

In an instant, Zucker took a breath of air conditioning.

"Merry Lynch has been planning for a long time to sell a $9 billion Korean won futures contract within a few hours!"

Zhu Ke said with a serious expression: "South Korea's foreign exchange reserves are less than 7 billion US dollars in terms of intelligence, which means that the South Korean government has no resistance at all."

Henry Jugenberg nodded too.

In terms of foreign exchange reserves, South Korea's Bangzi really cannot catch up with the Japanese Japanese Japanese devils.

The Japanese's private capital and the government can provide at least $200 billion in foreign exchange reserves, which can withstand for a while; however, the only $7 billion in terms of the stick is, and it is impossible to even struggle.

Now, a group of international speculators have not taken any action yet, and Merrill Lynch alone has directly destroyed the Korean foreign exchange market.

A mere stick is not worth worrying about.

.........

At the same time.

The South Korean government held an emergency meeting at the Blue House.

"Where is the money?!"

A member of parliament directly criticized the official of the Ministry of Finance: "Our Korean Republicans' foreign exchange reserves are even 7 billion US dollars. What else can I do next? Let's do it!"

Before he finished speaking, a group of other members of parliament also fired fire at the Ministry of Finance and relevant government units. Even if the president is the president, they will be polite to scold him.

"The main officials of the Ministry of Finance must resign!"

"Yes, they are mainly responsible for this financial crisis."

"Everyone, Samsung, Daewoo, CJ Group and other large chaebols are waiting for the government's financial support. After all, once they fall, our financial market will be completely finished."

Extremely noisy sounds come one after another.

The noise kept resounding in the conference room. The senators who were dressed neatly on weekdays and officials who were in high positions were not as elegant as they were now?

Especially when it comes to major chaebol groups, some people's expressions are moved.

South Korea's politics, from another level, is also called chaebol politics.

From the moment you were born, there are chaebols in the hospital's medical care, housing, automobiles, work, insurance, banks, clothing, wine, cemeteries, and even as small as a piece of toilet paper.

Many members of parliament in South Korea are spokespersons of the chaebol.

The purpose of these chaebol spokesmen at today's meeting is very clear, that is, to let the government support the chaebol group as much as possible.

What?

You said you gave all the money to the chaebol companies, and among them, the small companies don’t care about their lives or death?

In fact, the South Korean government itself is also a clay Buddha crossing the river, and it is difficult for it to protect itself.

After the meeting, the South Korean spokesperson immediately made an extremely famous remark on the TV station, "lost three and guaranteed seven".

"Lost 30% of workers' jobs and keep 70% of workers' jobs."

......

The consequences of this remark can be imagined.

Many companies have closed down one after another, triggering a wave of unemployment. Many South Korean people have questioned the measures taken by the government.

As for Zhuke's Great Wind Capital and a number of international speculators, how can you care about this?

They began to short the Korean won one after another.

From the 18th to the 20th, for three consecutive days, the Korean won foreign exchange market showed a continuous decline, and there was no sign of recovery at all.

There are countless medium and small businesses in South Korea. Not to mention this, even the major chaebol giants have suffered heavy losses.

The most serious one is Daewoo Group!

As the second largest enterprise in South Korea, it is of course huge in size. Its business scope includes foreign trade, shipbuilding, heavy equipment, automobiles, electronics, communications, construction, chemicals, finance, etc. It has 29 series of companies, more than 30 foreign branches, and up to 260,000 employees. Before the crisis broke out, it was unparalleled.

However......

The financial crisis in South Korea broke out. In just a few days, Daewoo Group's high debt ratio caused a massive debt burden, and the decline in profits caused a decline in stock prices. Despite a series of layoff measures, Daewoo Group was still unable to make up for the situation, and the myth of "Malaysia is not dead" was finally shattered.

Asi~!

"How is it possible? We are a world-class power, how could it be so vulnerable?"

"Fake it, everything is fake!"

"I also think this is fake. Our government and chaebol groups must have been caught off guard. When they recover, Wall Street's investment banks are no longer a joke!"

"We are the Great Universe Country, the most powerful country in Asia!"

Unemployed Koreans took to the streets and kept shouting - they believed that the government would definitely solve the problem!

.........

Great wind capital.

Zhuke was in the office, watching a TV news coming from South Korea, and couldn't help but find it funny.

Still believe it?

"Your government and chaebols are not thinking about saving you at all, but considering how to reduce their own losses." Zhu Ke sneered.

Sure enough, not long after, Zucker saw another news.

South Korean Finance Ministry executives announced immediately: "We are unable to recover the economic downturn and have decided to ask for help from the International Monetary Fund!"

One stone stirs up a thousand layers of waves!

As soon as the news came out, a huge uproar occurred in South Korea.

The people who believed that their country was a world-class power one second ago were completely stunned at this moment.

The dream of a powerful country in the universe is shattered!

Of course, there are still a large number of citizens who are ecstatic: "It's great, with the assistance of the International Monetary Fund, we will definitely be able to survive the difficulties."

Zhu Ke was even more disdainful of this remark.

International Monetary Fund, you think it is a charity!

He said without hesitation: "Behind the International Monetary Fund is America, a wolf that seeks food everywhere. It is a completely killing without blinking and eating without putting salt."

A few days later, the International Monetary Fund and the South Korean government signed a package of rescue plans.

Main content:

The International Monetary Fund provides loans worth US$57 billion to the South Korean government!

"Hoho, it looks quite generous, probably a lot of additional conditions." Zhuke laughed in his heart as he looked at the news.

In fact, Zucker guessed it right.

Several additional conditions proposed by the International Monetary Fund are completely cutting Korean meat and dismembering their domestic financial order.

1. [Request the South Korean government to immediately close commercial banks that have close ties to the chaebol.]

You should know that in the past few decades, no commercial bank has been closed in South Korea. Once these commercial banks that are closely related to the chaebols will be closed, it will inevitably have an impact on the chaebols' enterprises.

2. [Request South Korea to increase interest rates to 30%]

On the surface, it can attract foreign funds to enter South Korea more, but the forced implementation of high interest rates will inevitably lead to many chaebols and companies entering the abyss of bankruptcy.

3. [Full open financial markets to foreign investors.]

I have to say that this is the most cruel and poisonous one among the dozens of clauses.

This means that foreign capital can fully control the Korean domestic banks, directly control the South Korean financial market, and completely turn it into a battlefield that is unprepared for a number of international speculators.

Tsk tsk tsk!

The purpose of America is obvious, that is, to dismember Korea, thereby further turning it into its own back garden.

"Boss, the opportunity is here!"

“Where is the IMF’s aid so easy to get?”

"Although the consequences of South Korea's acceptance of aid can stabilize the financial market, the chaebol giants in South Korea are almost over. Well, even if they don't go bankrupt, they will definitely lose most of the money!"

Hen used his excited tone to show Zucker his professionalism step by step.

Zhuke certainly believed in his judgment, and of course the foresight of the time traveler is also indispensable.

......

The International Monetary Fund took action and temporarily controlled the crisis, but the big chaebols suffered huge losses and were dismembered by investment institutions on Wall Street and the world.

As South Korea's second largest wealth, Daewoo Group almost dismembered and declared bankruptcy, losing 80% of its property.

Investment banks that made profits from it have made profits of millions, tens of millions, hundreds of millions, and billions of dollars over a period of time.

Zhu Ke also made a profit of more than 700 million US dollars in the Korean market for a period of time. The profit amount exceeded the gains in Japan.

"Haha, I just feel good and happy!"

At this moment, Zhu Ke was just calling it awesome.
Chapter completed!