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As of November 17, 4 pm.

The devaluation of the South Korean won reached its highest level ever.

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

On this day, both Zhuke’s Gale Capital and a group of international speculators who shorted the won ate their fill.

Not to mention that Zhuke's Gale Capital earned more than US$10 million. As one of the five largest investment banks on Wall Street, Merrill Lynch is the most powerful one today.

"Boss, according to reliable sources, Merrill Lynch sold the US$9 billion worth of Korean Won futures contracts in just a few hours today, directly smashing the Korean Won foreign exchange market!"

Henry said solemnly.

"Hiss~!"

In an instant, Zhuke took a breath.

"In a few hours, shorting the US$9 billion Korean won futures contract, Merrill Lynch is definitely a damn plan for a long time!"

Zhu Ke said solemnly: "Korea's foreign exchange reserves, according to intelligence, are only less than 7 billion U.S. dollars, which means that the South Korean government has no resistance at all."

Henry Jugenberg also nodded.

In terms of foreign exchange reserves, Korea Bangzi really couldn't keep up with the Japanese kids.

The private capital of the little devil and the government can at least come up with US$200 billion in foreign exchange reserves, which can be resisted for a while; however, the stick has only a modest US$7 billion, which is completely impossible for even the slightest struggle.

No, many international speculators have not taken any action yet, and only Merrill Lynch has directly brought down the Korean foreign exchange market.

It's nothing to worry about.

.......

at the same time.

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

"What about the money?!"

A congressman directly sprayed at an official of the Ministry of Finance and Economics: "We, the Republic of Korea, don't even have 7 billion U.S. dollars in foreign exchange reserves. What will happen next? Take the lead!

Before the words were over, a group of other congressmen also fired at the Ministry of Finance and relevant government units. Even the President, they were not polite in scolding.

"The chief officials of the Ministry of Finance must take the blame and resign!"

"Yes, they have to take the main responsibility for this financial crisis."

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

Extraordinarily noisy sounds, one after another.

The noise continued to reverberate in the conference room. The neatly dressed members of the council and the officials in high positions, where is still half elegant at this moment?

Especially when it comes to the major chaebol groups, some people are directly moved.

South Korea’s politics, from another level, is also called the chaebolism.

From the moment you were born, the hospital's medical care, housing, car, work, insurance, bank, clothing, drinks, cemetery, and even a small piece of toilet paper, all have the figure of a chaebol.

Many members of parliament in Korea are spokespersons for chaebols.

The spokespersons of these chaebols have a clear purpose at today's meeting, that is, to allow the government to support the chaebol groups as much as possible.

what?

You said that all the money is given to the chaebol companies, then the life and death of small and medium-sized companies is left or not?

In fact, the South Korean government itself is also a mud bodhisattva crossing the river, and it cannot protect itself.

After the meeting, the South Korean press spokesperson made the very famous "losing three guarantees seven" remarks on the TV station.

"Lose 30% of the workers' jobs and keep 70% of them employed."

......

The consequences of this remark can be imagined.

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

As for Zhu Ke’s Gale Capital and a group of international speculators, how can I care about you?

They began to short the Korean won.

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

There are countless small and medium-sized companies in South Korea that have closed down. Not to mention this, the major chaebol giants alone have suffered heavy losses.

The most serious is the Daewoo Group!

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

however......

South Korea’s financial crisis broke out. In the past few days, the high debt ratio of Daewoo Group has caused a massive debt burden, and the reduction in profit has caused the stock price to fall.Despite a series of reduction measures, the Daewoo Group is still unable to recover, and the myth of "Malaysia is not dead" is finally shattered.

Asi~!

"How is it possible? We are a world power, how can we be so vulnerable?"

"Fake, everything is fake!"

"I also think this is fake. Our government and chaebol groups must have been caught off guard. When they are relieved, the investment banks on Wall Street will be considered a shit again!"

"We are a big universe country, the most powerful country in Asia!"

One by one, unemployed Korean citizens took to the streets and kept shouting-they believed that the government would solve the problem!

.......

Gale Capital.

Zhu Ke was in the office, watching a piece of TV news from South Korea, and couldn't help but feel funny.

Still believe?

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

Sure enough, it didn't take long for Zhu Ke to see another piece of news.

An executive from South Korea’s Ministry of Finance immediately announced: “We are unable to restore the economic downturn and have decided to seek assistance from the International Monetary Fund!”

One stone caused a thousand waves!

As soon as the news came out, there was an uproar in South Korea.

The people who believed that their country is a world power one second ago were completely dumbfounded at this moment.

The dream of a great universe is broken!

Of course, there are still a large number of people ecstatic: "Great, with the assistance of the International Monetary Fund, we will surely be able to weather the storm."

For these remarks, Zhu Ke is full of disdain.

International Monetary Fund, you should be a charity!

He said unceremoniously: "Behind the International Monetary Fund is the United States. It is a wolf that hunts everywhere. It is completely murderous and cannibals without salt."

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

main content:

The International Monetary Fund has provided loans worth 57 billion U.S. dollars to the South Korean government!

"Oh oh, it looks very generous, I guess there are a lot of additional conditions." Zhu Ke looked at the news, and laughed in his heart.

In fact, Zhuke was right.

The several additional conditions put forward by the International Monetary Fund are completely cutting South Korea’s flesh and dismembering their domestic financial order.

1. [Request the South Korean government to immediately close down those commercial banks that have inextricably linked with the chaebol.

You should know that in the previous decades, Korea has never closed any commercial bank. Once these commercial banks that are closely connected with the chaebols are closed, it means that the chaebols’ right to borrow from some banks will be cut off, and it is bound to be against the chaebols. Enterprises cause shocks.

2. [Require South Korea to raise interest rates to 30%]

On the bright side, it can attract foreign funds into South Korea more, but the enforcement of high interest rates will inevitably send many chaebols and companies into bankruptcy.

3. [To foreign investors, fully open the financial market.

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

This means that foreign capital can achieve full control of Korean domestic banks, directly control the Korean financial market, and completely turn it into an undefended battlefield against a large number of international speculators.

Gee tut!

If America’s purpose is obvious, it is to dismember South Korea and turn it into its own back garden.

"Boss, the opportunity is here!"

"Where is the aid of the International Monetary Fund so easy to get?"

"As a result of South Korea's acceptance of aid, although it can stabilize the financial market, the chaebol giants in South Korea are about to die. Well, even if they don't go bankrupt, they will definitely lose half of them!"

Using an excited tone, Heng showed Zhu Ke step by step his professionalism.

Of course Zhuke believes in his judgment, and of course the foresight of the traveler is also indispensable.

......

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

Daewoo Group, the second largest wealth in South Korea, almost dismembered and declared bankruptcy, losing 80% of its assets.

The investment banks that have profited from it have made millions, tens of millions, hundreds of millions, and billions of dollars in a period of time.

The more ambitious Zhu Ke also made a profit of more than 700 million U.S. dollars in the South Korean market for a while.The amount of profit should exceed the harvest in Japan.

"Hehe, pack up the sticks, I just feel cool and enjoyable!"

Zhu Ke was at this moment, calling it cool.

The second update of "" is sent. The financial crisis will actually last for a long time, but the minister basically wrote here, and then I will return to the movie side.Finally, please support~~