Chapter 1103 Economic Collapse

Author: Guigu Meng

Chapter 1103 Economic Collapse

On the Nanyi side, walking on the streets of Seoul, I heard the music coming from the shops, and I couldn't help but hum along.

Byun Sangmei, who was following closely, sighed in her heart: "Uncle actually likes such a young song."

After humming for a while, Nan Yi, who still couldn't remember the title of the song, turned around and asked, "Shangmei, what song is this?"

Bian Shangmei wondered why Nan Yi didn't know the name of the song since he could sing it, but she still answered respectfully: "Uncle, this song is "Era of Personality" by HOT."

"Well, you are managing NM Entertainment (New Miracle)?"

"Yes."

"Ask the president of NW Entertainment to prepare business and artist information. I will take a look at it tomorrow morning."

"yes."

Nan Yi continued to walk forward. As he walked, he paid attention to the shop signs on the roadside and the young women passing by.

He had been here for several days and had done a lot of shopping. Not only did he see some stunning beauties on the street, but the proportion of decent-looking women was not too high. He expressed doubts about Xinsheng's ability to sell plastic surgery.

With so many potential customers on the street, plastic surgery hospitals only have a turnover of less than 230 billion won a year.

After walking for a while, Nan Yi saw an uphill road that turned right. He took a look in the distance and saw that it was probably a residential area. Wanting to see how ordinary citizens in Seoul lived, Nan Yi turned on it.

After walking uphill for a while, passing through an area of ​​shops, three or four-story residential houses came into view. I looked up at the clothes hanging outside in a window. It was like a pervert, drying every piece of clothes and every pair of pants.

Look at it again, regardless of gender, inside or outside.

Compared with glossy outerwear and underwear with or without revealing edges, socks can better reflect a person's economic level.

Unable to recognize the brand of underwear, Nanyi also asked Bian Shangmei to identify it, and got an uncertain answer - it might be Chumei, a local brand that was born seven or eight years ago. The sales are not too expensive, but they are not cheap either.

I looked through several windows in a row and found that the clothes hanging outside were of good quality, indicating that the residents living in this area most likely had some wealth and could withstand being raked back and forth several times, and perhaps the grate could also withstand it.

Continuing to walk higher, when passing through a Z-shaped alley, I saw two men in black suits beating a middle-aged man who was huddled on the ground. They crushed his legs, kicked his stomach, and kicked his head. They used all kinds of moves, but the strength was...

What I came here for was not a desire for human life, but a lesson.

After hearing a few curse words from the black suit's mouth, I immediately understood that it was a loan shark collecting debts.

"It's too barbaric." Nan Yi sighed with emotion.

When Bian Shangmei heard this, the expression on her face became very rich. New Miracle Group first started by providing loan sharking funds to gangs. It was a gang at first, and later increased to three or four, even though New Miracle packaged this behavior

It is a financial business and does not violate the law, but it cannot change the fact that New Miracle is the leader behind the second largest loan shark in Seoul.

Regarding this, Nan Yi has an impeccable sophistry - in order to maintain world peace, the five permanent members sell weapons everywhere to others to use to guard their homes and protect their homes. Who dares to say that they have bad intentions and the purpose is to provoke a war?

That can only mean that there is a problem with the three views and needs to be reformed.

Similarly, Nam Yi intervened in the loan sharking business in South Korea simply to provide a source of financing for families in trouble. He, a foreigner, did what Cheong Wa Dae did not do. This is a great international humanitarian spirit. Comrade Nam Yi should

Awarded as an honorary citizen of South Korea.

His motives were good, but his own people in South Korea went wrong when executing them. He was heartbroken, and the interest he earned was not good at all, and he used it for extravagant consumption, making it difficult for him to sleep and eat well, so...

Arriving at a higher plateau again, Nan Yi leaned on the railing and looked north. He pointed at the black spots behind several tall buildings and asked, "Is that the Kowloon Village over there?"

"Yes."

"The location is really good. It's very suitable for developing high-rise buildings. It can't be demolished, right?"

Byun Sangmei said: "It is unlikely to be demolished. After the 1988 Seoul Olympics, Jiulong Village became a showplace for politicians. Politicians will come to the village to express condolences during every election and Mid-Autumn Festival..."

"Oh, listen to the voices of the people." Nan Yi interrupted Bian Shangmei and said, "It's a good method, you can learn from it."

"Yah!"

"Siba!"

When Nan Yi and his party walked down the slope to the intersection, they encountered several female high school students hugging each other and beating each other.

A fight between an untrained woman is nothing more than a few moves, such as grabbing the hair, slapping, stabbing, beating the chest, and kicking the crotch. It is rare to see punches or kicks. The same is true for the female high school students in Nan Yi's eyes. You pull my hair.

, I slap you, back and forth.

It was an accident that there was only one girl who looked thin and weak. She was thin but tough. She grabbed the hair of a fat girl who weighed about 130 pounds, slapped her face with her hands, and cursed in her mouth.

The girl looked familiar, and after a few more glances, Nan Yi recognized her as Quan Ji-hyun. She was still young, not very long, with a low nose bridge and a round face, which didn't look too refined.

"Tsk, the face will become more three-dimensional with just a few tweaks." Looking at Jun Ji-hyun, Nan Yi turned to Byun Sang-mi and said, "It looks good. It has strong plasticity. What do you think?"

Byun Sangmi stared at Jun Ji-hyun for a while, "The facial contour and figure are very good, and the age is also very suitable. He is a good prospect."

"Heavenly Immortal."

Upon hearing this, Tianxian stepped forward, kicked and slapped her feet, one at a time, and knocked all the girls blind, then brought the confused Quan Zhixian to Nan Yi.

"You got it."

After confirming again that he had not identified the wrong person, Nan Yi walked away, leaving the stage to Byun Sangmei.

There was no sincerity, no vigilance in repeatedly confirming her identity. When Byun Sang-mi gave Jun Ji-hyun a business card, she was in disbelief at first. After confirming it, she jumped up instantly, not caring at all that the left side of her face was still red.

Afterwards, Nan Yi found out that her name was Wang Zhixian, and Quan Zhixian was probably a later stage name.

After wandering outside until dinner time, I returned to Nan Jiajun's villa. Nan Jiajun, who came home early, had already asked the servants to prepare Korean food.

Chat while eating.

"Dad, as of yesterday, the foreign debt of the entire Republic of Korea has reached 105 billion US dollars, and 68% of the short-term debt has to be repaid within one year."

“What about the debt situation of large companies?”

Nan Jiajun said with an ugly face: "The debt ratio of the top 30 large companies is as high as 518.9%."

"Oh, a crisis is coming. What do you think the other chaebol families at the Blue House will do?"

"Take the opportunity to reshuffle the cards and annex small businesses that can no longer persist."

"What about the debt? How to solve it?"

Nan Yi picked up a piece of kimchi and looked at it. The cabbage was contracted by the Reclamation Group to be grown by farmers in Shandong Province. The seeds were supplied by Nanniwan Seed Company, the fertilizers and pesticides were supplied by Shiva, the shipping was handled by Jiang Shang Fishery, and the production was by Nan's

The Zongjiafu kimchi making workshop is in charge, and the sales link is Meidubo. Apart from paying taxes, every profit is kept in his own hands.

"Passed on to everyone."

Nan Yi nodded, "In the 1960s and 1970s, almost all developing countries that entered industrialization had military politics, or centralized politics. It doesn't matter what they are called. For an investment bank analyst, a country only has strongman politics.

It can effectively concentrate resources, suppress and reduce social resistance, and enter industrialization.

For an investment bank seeking capital growth, it would never invest capital in a country in chaos, and South Korea after Park Chung-hee came to power provided an investment target for international funds.

Park Chung-hee is ambitious to restore South Korea's economy. After investigating the actual situation in South Korea and summarizing previous policies, the Park Chung-hee administration believes that South Korea's current commodity economy is still extremely underdeveloped and lacks competitive enterprises. It wants to rely on the natural evolution of the industrial structure and the private sector.

The independent development of enterprises to achieve the goal of economic take-off in a short period of time is tantamount to wishful thinking.

So he decided to follow Japan and adopt an oligarchic development model, using top large companies to drive the entire economy, and then embarked on a path of active government intervention to promote economic development.

After the policy was established, the Park Chung-hee government immediately launched a five-year economic plan. Since South Korea's domestic market was almost saturated, he shouted the slogan of export first, hoping to use the vast overseas market as a tool to drive the economic development of South Korea as a whole.

engine.

Facts have proved that Park Chung-hee’s economic policy is correct, and the effect is obvious. Because during the 18 years that Park Chung-hee was in power, the average annual GDP growth rate reached a terrifying 8.8%; under his successors Chun Doo-hwan and Roh Tae-woo, the GDP growth rate was also

Above 7.5%.

Therefore, from the 1970s to the 1990s, the South Korean economy began to take off in an all-round way. At the same time, South Korean society also underwent profound changes: in the fields of construction chemicals, electronic semiconductors, machinery, automobiles, and ships, a large number of internationally competitive companies emerged.

It has become a world-class enterprise and has caught up with Japan and the United States in many fields; it successfully hosted the Asian Games and the Seoul Olympics in 1986 and 1988.

30 years of continuous rapid growth have transformed South Korea from a backward agricultural country to a moderately developed country with a per capita GDP of US$4,500. It has become one of the four internationally renowned Asian Tigers and has also had the so-called Miracle on the Han River."

Nan Yi glanced at Nan Jiajun and Byun Sangmei, "But, in reality? The chaebol group supported by Park Chung Hee has been symbiotic with finance from the beginning, and has continued to borrow debts on the road of expansion, and these debts are actually financed by banks.

As a result, banks have serious bad debts; in order to make money, chaebols engage in market speculation, leading to excessive expansion of real estate and other bubble economies.

The miracle of the Han River, the development of many industries, and the wealthy life of the people are all based on borrowing. US$100 billion is 80.445 billion won. South Korea has a population of 45.954 million, which means each South Korean has a debt of 1.75 million won.

In January, Hanbao Steel went bankrupt and Sammy Specialty Steel went bankrupt, who will go bankrupt next?”

Bian Shangmei had the idea of ​​answering, but after taking a look at Nan Jiajun, she stopped thinking.

When Nan Yi saw it, he gave her an encouraging look, "Shang Mei, we are discussing, you can speak freely."

Then he looked at Nan Jiajun and said, "Don't let everyone take the lead at home. Only one person can judge his shortcomings. Listen to other people's opinions. The same is true in the company. During meetings, everyone should be given a chance to express their own ideas. Being dictatorial is not the right thing to do.

Towards the beginning of destruction.”

"Abba, I have never been a dictator." Nan Jiajun explained.

"This is the best." Nan Yi nodded and looked at Bian Shangmei again, "Shangmei, I very much recognize your ability and the relationship between you and Jiajun, but Jiajun is sitting in his current seat.

Make a little sacrifice.

The main factor that determines his marriage is definitely not love. Marriage and strong alliance are what he should do. To you, our Nan family can only say sorry. Jiajun cannot give you marriage, but can only give you things that have nothing to do with love.

Compensation, position, equity, that kind of thing.”

Bian Shangmei stood up and bowed to Nan Yi, "Uncle, the president has explained it to me a long time ago, and I won't care."

"If you want, you can call me daddy."

Bian Shangmei was overjoyed when she heard this, and quickly bowed again and called: "Abba."

Nan Yi pressed his hand down, "Sit down and say what you want to say."

"Yes." Byun Shangmei sat down and said, "Dad, the next company to go bankrupt should be the Kia Group. Its financial situation is very poor and it is already difficult to maintain."

"Ever since the chaebols were supported, the ranking of the top ten chaebols will always change every five years. New ones come in and old ones are kicked out. The ones that have not changed are Kesung and LG, and SK has a better upward trend.

, Lotte and Hyundai, it will be difficult to be washed out in this reshuffle, or it should be said that the reshuffle will be initiated by a few of them.
To be continued...