Chapter 1103 The Collapse of the Economy

Chapter 1103 The Collapse of the Economy

On Nanyi's side, walking on the streets of Seoul, when he heard the sound of music floating from the shop, he couldn't help humming along.

On the side, Bian Shangmei, who followed closely, sighed in her heart: "Uncle actually likes such a young song."

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

Bian Shangmei wondered why Nanyi didn't know the title of the song since she could sing, but she still replied respectfully: "Uncle, this song is "The Age of Personality" by HOT."

"Well, NM Entertainment (New Miracle, New Miracle) is managed by you?"

"Yes."

"Let the president of NW Entertainment prepare the business and artist materials, I will read them tomorrow morning."

"yes."

Nanyi continued to walk forward, while walking, paying attention to the shop signs on the side of the road, as well as the young women passing by.

I have been here for several days, and I have done a lot of street shopping. Not to mention the beauties I saw on the street, even the proportion of fair-looking women is not too high. He expressed doubts about the marketing ability of the new plastic surgery. There are potential customers all over the street, and the annual turnover of plastic surgery hospitals is less than 230 billion won.

After walking a certain distance, Nanyi saw an uphill road that turned right. He glanced at it from a distance, and it should be a residential area when he went deep. He wanted to see how ordinary citizens in Seoul lived, so Nanyi turned in.

Walking along the uphill for a while, passing through a shop area, three or four storey residential buildings came into view, looked up at the clothes hanging outside a window, like a pervert, putting every piece of clothing and every pair of trousers Look at it again, regardless of gender, inside or outside.

Compared with bright coats, underwear and socks that reveal the corners or do not reveal the corners of the inside can better reflect a person's economic level.

Unable to recognize the brand of underwear, Nanyi 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. It's not too expensive, but it's not cheap either.

After looking at several windows in a row, the quality of the clothes hanging outside is good, which means that the residents living in this area probably have some wealth, can withstand a few back and forth with a rake, and maybe a grate can also carry it.

Continuing to walk to the heights, when passing through a H-shaped alley, I saw two black suits fighting a middle-aged man who was huddled on the ground, crushing the calf, kicking the stomach, kicking the head, all kinds of moves, but it depends on the strength What came leisurely was not to want human life, but to teach a lesson.

Hearing two curses from the mouth of the black suit, he immediately understood that it was the loan shark who was calling for the debt.

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

When Bian Shangmei heard this, the expression on her face became very rich. The New Miracle Group started out as providing usury funds to gangs. At first it was a gang, and later it increased to three or four gangs. Although New Miracle packaged this behavior It does not violate the law, but it cannot change the fact that New Miracle is the leader behind the second largest usury in Seoul.

Regarding this, Nanyi has impeccable sophistry—in order to maintain world peace, Wuchang sells weapons everywhere to others to guard their homes and homes. Who dares to say that they have bad intentions and their purpose is to provoke wars. That can only show that there is a problem with the three views, and it needs to be returned to the furnace for proper transformation.

Similarly, Nam Yi intervened in the usury business in South Korea simply to provide a source of financing for families in trouble. What the Blue House did not do, he did it as a foreigner. This is a great international humanitarian spirit. Comrade Nam Yi should Was awarded an honorary national of South Korea.

His motives are good, but South Korea's own people are out of shape when they execute it. He is heartbroken, and the interest he earns is not good at all, and it is difficult to sleep and eat when he uses it for extravagant consumption, so...

Coming to a higher highland again, Nanyi leaned on a railing and looked northward, pointing to the black spots behind several tall buildings and asking: "Where is Jiulong Village?"

"Yes."

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

Bian Shangmei said: "It is unlikely to be demolished. After the 1988 Seoul Olympics, Kowloon Village has become a showplace for politicians. Every election and Mid-Autumn Festival, politicians will come to the village to express condolences..."

"Oh, listen to the voice of the masses." Nanyi interrupted Bian Shangmei and said, "It's a good way, you can learn it."

"Ah!"

"Siba!"

When Nanyi and his party descended from the slope to the intersection, they ran into several female high school students hugging and fighting each other.

Untrained women fight with nothing more than the same tricks, grabbing hair, slapping, stabbing, beating their chest, kicking their crotch, rarely seeing punches or kicks, the same is true for female high school students in Nanyi's eyes, you pull my hair , I slap you across the face, back and forth.

It was a surprise that there was only one girl who looked thin and frail. She was thin, but tough. She grabbed the hair of a fat girl who weighed about one hundred and thirty catties, slapped her face, and cursed.

The girl looked familiar, and after a few more glances, Nan Yi recognized Jun Ji Hyun. He was still young, hadn't grown much, had a low nose bridge, and a round face, which didn't look too delicate.

"Tsk, just fine-tuning the face will make it more three-dimensional." Looking at Jun Ji-hyun, Nan Yi turned to Bian Shangmei and said, "It looks good, it has strong plasticity, what do you think?"

Bian Shangmei stared at Jun Zhixian for a while, "The facial contour and figure are very good, and the age is also very suitable. He is a good seedling."

"Heavenly."

Tianxian heard the words and stepped forward, kicking and slapping, one move at a time, and after beating all the girls, he brought the bewildered Quan Zhixian to Nan Yi's side.

"You got it."

After reconfirming that he did not admit the wrong person, Nanyi walked away, leaving the stage to Bian Shangmei.

Without earnestness and vigilance to repeatedly confirm her identity, when Bian Shangmei gave Jun Zhixian a business card, she was in disbelief at first, but after the confirmation, she immediately jumped up, not caring at all that her left cheek was still red.

Afterwards, Nan Yi knew that her name was Wang Zhixian, and Jun Zhixian was probably a later stage name.

Back to Nan Jiajun's villa after strolling outside until meal time, Nan Jiajun who had gone home earlier had already asked his servants to prepare Han Dingshi.

Eat and chat.

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

"What about the liabilities of large corporations?"

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

"Heh, the crisis is coming, tell me, what will Cheong Wa Dae and several chaebol families do?"

"Take the opportunity to shuffle the cards and swallow small businesses that can no longer hold on."

"What about the debt, how to solve it?"

Nanyi picked up a piece of kimchi and looked at it. The cabbage was contracted by the Reclamation Group to farmers in Lu 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 Nanshi The kimchi production workshop of Zongjiafu is in charge, and the sales link is Meidubo. Except for paying taxes, every profit is kept in his own hands.

"Pass on to every people."

Nan Yi nodded, "In the 1960s and 1970s, almost all of the developing countries that entered industrialization were military politics, or centralized politics. It didn't matter what they were called. For an analyst of an investment bank, a country only had 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 in a chaotic country, and South Korea after Park Chung-hee came to power just provided an investment target for international funds.

Park Chung-hee is ambitious to restore South Korea's economy. After examining the actual situation in South Korea and summarizing the previous policies, the Park Chung-hee government 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 civil society The independent development of enterprises, so as to achieve the goal of economic take-off in the short term, is tantamount to nonsense.

So he decided to follow the example of Japan, adopt an oligarchic development model, use top large enterprises to drive the entire economy, and then embark 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 plan for the economy, and because the South Korean domestic market was almost saturated, he shouted the slogan of export first, hoping to use the vast overseas market as a driving force for the economic development of the entire South Korea engine.

Facts have proved that Park Chung-hee's economic policy is correct, and the effect is obvious. Because during the 18 years of Park Chung-hee's administration, the average annual GDP growth rate reached a terrifying 8.8%; during the period of 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 started a full-scale take-off mode. At the same time, South Korean society has undergone profound changes: a large number of world-class companies with international competitiveness have emerged in the fields of construction chemicals, electronic semiconductors, machinery, automobiles, and ships, and they have surpassed Japan and the United States in many fields; In 1986 and 1988, the Asian Games and the Seoul Olympic Games were successfully held.

30 years of rapid growth has transformed South Korea from a backward agricultural country into a moderately developed country with a per capita GDP of US$4,500, becoming one of the internationally renowned Four Asian Tigers, and the so-called miracle of the Han River. "

Nan Yi glanced at Nan Jiajun and Bian Shangmei, "But, in fact? The chaebol group supported by Park Zhengxi has been in symbiosis with finance from the very beginning, and it has continuously borrowed debts on the road of expansion, and these debts are actually funded by banks. As a result, the bad debts of the banks are serious; and the chaebols conduct market speculation in order to collect money, which leads to the excessive expansion of the bubble economy such as real estate.

The miracle of the Han River, the development of many industries, and the affluent life of the people are all based on loans. 100 billion US dollars is 804,500 million won, and the population of South Korea is 45.954 million, which means that each South Korean has a debt of 1.75 million won.

In January, Hanbao Steel went bankrupt, and Sanmi General Special Steel went bankrupt. Who will go bankrupt next? "

Bian Shangmei wanted to answer, but after glancing at Nan Jiajun, she stopped thinking.

When Nanyi saw it, he gave her an encouraging look, "Shangmei, we are discussing, you can speak freely."

Then he looked at Nan Jiajun again, "At home, don't show off your patriarch's spectrum. Take care of yourself and listen to other people's opinions. It's the same in the company. You should give everyone a chance to express their own ideas during meetings. Arbitrary power is the right thing to do. The beginning of the road to destruction."

"Father, I have never been dictatorial." Nan Jiajun explained.

"This is the best." Nan Yi nodded, and then looked at Bian Shangmei, "Shangmei, I very much recognize your ability, and I also recognize your relationship with Jia Jun, but Jia Jun is sitting in the current seat. Make a little sacrifice.

The main factor that determines his marriage is definitely not love. Marriage and strong alliances are what he should do. To you, our Nan family can only say sorry. Jia Jun can't give you marriage, but can only give you things that have nothing to do with love. Compensation, position, equity, things like that. "

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

"You can call me Dad if you want."

Bian Shangmei was overjoyed when she heard the words, and hurriedly bowed again and called out, "How is it, Dad?"

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

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

"Since the chaebols were supported, every five years, the ranking of the top ten chaebols will always change. New ones will come in, and the old ones will be kicked out. The ones that have not changed are Star and LG, and SK has a better upward momentum. , Lotte, Hyundai, it is difficult to be shuffled out this time, or it should be said that the shuffling will be initiated by a few of them.

Jia Jun, except for Lotte, the other four walk around more. "

"Abba, why is Letian excluded?" Nan Jiajun asked.

Nan Yi frowned and said: "Lotte was developed from Japan. I personally don't like it. It is impossible to get along with every family. I exclude one family according to my personal preference. Is there a problem?"

"No."

"Very good." Nanyi pointed to Bian Shangmei, "Shangmei, you don't have to follow me in the next two days, but give me a report on South Korea's economic forecast for the next two years, and we will discuss it the day after tomorrow. Do it carefully and report Books affect your assessment, which in turn affects your equity numbers."

"Yes, Dad, I will do it with my heart."

"Have a meal."

After dinner, Nan Yi sat in the garden of the villa and read the newspaper.

There is no wind today, and a bonfire is lit again. Although it is spring and snowy, it is not cold at all.

On the second floor, Nan Jiajun and Bian Shangmei stood on the balcony, looking down at Nanyi in the garden.

"President, Dad always has so many bodyguards around?"

"Abba often said that he is as timid as a mouse, and he doesn't like to take risks with himself. He always pays attention to his own safety. The same is true for us. When he comes out to do things, he will be equipped with a team of bodyguards."

"I found that my father's health is very good, and he doesn't need to rest from morning till night."

"The body is the capital of the revolution. This is what my father often said. No matter what you do, you need a good body, even if you are a swinger. At home (Starting Point Orphanage), we have always received fighting and shooting training. I also often do cross-country long-distance running, and in the words of my father, you must have the ability to escape when you encounter danger."

As Nan Jiajun said that, he smiled knowingly, recalling the past.

"Why not resist?"

"Why should you resist? A gentleman does not stand under a dangerous wall to escape danger, and there are ways to retaliate afterwards. The courage of a man cannot be done. As long as there is a chance of life, you can kneel and ask for life. As long as you live, everything is possible."

Nan Jiajun raised his leg to touch the red wine bottle on the balcony railing. The bottle didn't move at all, but the bottle mouth was kicked away by him, and a silver light flashed on the tip of his shoe.

"I……"

Before Nan Jiajun's words came out, Nan Yi in the garden raised his head and yelled, "Ah, Xiba, little bastard, get off me, you hit me."

"Abba, it's not me, it's Shangmei."

"..."

As the sun goes down, arbitrageurs are at the end of the world.

Near dusk, on the streets of Bangkok, a middle-aged Caucasian man, accompanied by two Thai government security guards, browsed the bustling scene.

This middle-aged white man is called Arminio Fraga, and his resume is not simple. In 1981, he received a bachelor's degree and a master's degree in economics from the Catholic University of Rio de Janeiro; in 1985, he received a doctorate in economics from Princeton University; During his career, he held positions at Salomon Brothers and Garantia Investment Bank.

Fraga has taught at the Pontifical Catholic University of Rio de Janeiro, the Graduate School of Economics at the Getougals Foundation, Columbia University's School of International Affairs, and the Wharton School; he is a member of the "Group of Thirty" and the Council on Foreign Relations, He also serves on the boards of several NGOs.

From 1991 to 1992, he served as the director of the International Affairs Department of the Central Bank of Brazil. Since 1993, he has moved to Soros Fund Management Company in New York as the managing director (Soros has more than one quantum fund).

If you look at it from the perspective of God, in another two years, he will also serve as the governor of the Central Bank of Brazil.

In any case, Fraga must be a well-known international economist, and the reason why he appeared in Bangkok is naturally related to his current status.

Based on his international status, the Bank of Thailand sent a vice-governor to receive his visit, and the two sides also had an open and honest conversation.

During the conversation, Fraga bluntly pointed out that there are various problems in Thailand's economy. On the one hand, if the government is determined to protect the currency exchange rate, it must maintain a relatively high interest rate to attract sufficient funds.

On the other hand, because there is a large deficit in Thailand's international trade account, coupled with the instability of the banking system, currency depreciation and lower interest rates are more attractive. Therefore, Thailand must grasp the balance between the two. A good balance, otherwise it will fall into a more dangerous situation.

Perhaps it was Fraga's academic demeanor that made the vice president who received him relax his vigilance. Facing Fraga, he completely forgot that Fraga was an economist working for a top predatory institution on Wall Street. The vice president admitted frankly , Thailand has accepted any interest rate that is proven to keep its exchange rate within the specified range, but due to major troubles in the banking system, the government is giving more priority to interest rates.

The seemingly far-fetched words brought a lot of information to Fraga, the most important of which was "the depreciation of the Thai baht." He saw an opportunity to short the Thai baht, like a building full of US dollars. The green dollar bills are constantly leaking out of the gap, as long as he raises his hand, the dollars will flow into his pocket continuously.

Pretending not to hear clearly, Fraga reconfirmed, and out of courtesy, the vice president, who hadn't realized that he had leaked the secret, repeated it again.

Fraga instantly understood that there was nothing Thailand could do about the current exchange rate policy. No matter how many official statements to ensure the stability of the exchange rate policy in the future, it would not be able to stop the fact that the Thai baht was about to depreciate. It was nothing more than a matter of time.

The reason why the Thai baht cannot actively choose to depreciate is that in addition to stably attracting foreign investment, there is also political pressure from other Southeast Asian countries and regions. The so-called four Asian tigers and four tigers all follow the path of an export-oriented economy.

This model mainly relies on the inflow of foreign capital and technology, and it is inevitable to maintain the stability of the currency value under the current circumstances. No capital is willing to invest in a country with an unstable currency for a long time, and they don't want to accept exchange rate losses.

This is why the renminbi tried hard to maintain the value of the currency after it announced a one-time devaluation in 1994. The country needs to attract foreign investment, so it is natural to maintain the exchange rate interests of foreign investors.

Thailand established a fixed exchange rate, foreign capital and technology entered, and then the economy took off. During this process, the exchange rate system must not be changed more easily. It must not only continue to attract foreign investment, but also consider the pressure from neighboring countries.

As we all know, once a country's currency depreciates, the country's products will become more competitive in the international market, but in Southeast Asia, almost all countries use exports as the driving force for domestic economic development, and Thailand, which has the largest market share, needs to maintain The integrity of the exchange rate system, once it announces depreciation, other countries will follow suit and choose currency devaluation for their own considerations, and start an export price war.

At that time, the economic situation in Southeast Asia will fall into chaos. Therefore, out of regional economic considerations, Thailand, as a major regional country, is obliged to maintain its exchange rate stability. This is why when the Thai baht is under attack, other countries in Southeast Asia will lend a helping hand.

Fraga stood at the crossroads, looking at the busy crowd walking around, feeling unbearable. Compared with the mercenary vultures on Wall Street, Fraga still has the air of a scholar and a touch of compassion.

Of course, there are contradictions and limitations in Fraga's compassion, just as some marine animal protection organizations help whales and sea turtles remove barnacles at sea, and some people help small animals remove horsefly larvae and fleas Wait, kindness has always been point-to-point, not point-to-point. The foundation of moral standards is purely based on the preferences of the powerful. It is also a manifestation of great kindness to talk about animal protection after eating a medium-rare steak.

People have always been contradictory, limited, and hypocritical at the same time. After Fraga felt compassionate for a moment, he felt cheerful about the green dollars that he was about to get.

...

It was another early morning, and Nanyi went to the largest agricultural product wholesale market in Seoul, "Coladong". After spending half a day learning about the wholesale prices and business conditions of Seoul's agricultural products, he found a nearby barbecue restaurant to fill his stomach and went to the duck shop. NW Entertainment in Gujeong.

The president of NW Entertainment is called Bai Guixia. He has already been notified by Bian Shangmei. When Nanyi arrived, he was waiting outside the company's gate.

After exchanging pleasantries, Nanyi came to the meeting room to read the materials.

The original intention of the establishment of NW Entertainment is the same as that of Wangbei Film and Television. It is also not for the film and television itself. NW Entertainment was established earlier. The original purpose was to launch plastic stars. Now there are two actresses in the company who have undergone major operations, Kim Yoona and Song Jiyan. , has been moved almost from head to toe, and it is no different from a makeover.

According to the data, Song Zhiyan has developed well, which can be regarded as achieving her original intention, while Jin Yun'e's performance is mediocre, showing signs of investment failure.

Nan Yi spelled Jin Run'e's name "", and the direct transliteration can be called Jin Runya or Jin Yuner. He wrote the two names in the relevant position of the document in Chinese, and wrote a line of notes on the side: change stage name, Support with the role of female first and female second, if there is no improvement, give up.

For Song Ji-yeon and Kim Yoon-ah, NW Entertainment can't be said to support them at all costs, at least they are quite caring, and they are absolutely worthy of them. If they can't support them, they have no choice but to choose another candidate.

Having seen plastic surgery artists, Nam Yi looked at the profiles of other female artists, Yoon Jung Hee, Shim Hye Jin, Kim Hye Soo, Jeon Do Yeon, Choi Jin Shin, four who have already made their mark, Ha Ji Won, Bae Doo Na, Kim Ha Na, Lee Eun Joo, three signed from the school of.

Looking at the familiar names, Nanyi couldn't help but praise Bai Guixia for her good eyesight. After the compliment, Nanyi stared at Jin Huixiu's photo for a while. She was different from others, and she was the first artist signed by NW Entertainment , and also hand-picked by Nan Yi, who is his favorite South Korean female artist, more precisely, a woman.

Looking through the contracts of several female artists, it can be found that Jin Huixiu’s contract conditions are much better than the others. Nan Jiajun has a heart. Although Nanyi has clearly stated that he has no thoughts about Jin Huixiu, he still has eyes for her. Treat each other.

After reading the information, Nanyi called Bai Guixia to him and told him: "Since you have signed a contract with the company, you must treat them well. Artists are artists, and you only need to do things within the scope of the artist's duties. Don't force them to do anything beyond their obligations, NW Entertainment is not cool."

Bai Guixia said with a embarrassed face: "Mr. Nan, artists usually have to socialize. We can't offend the TV station's PD, director, and screenwriter."

Nanyi naturally understands that one must abide by the rules of one's line. It is not that one can do whatever one wants with one's strength. There is no strong force in the film and television industry that can overwhelm everyone else. Whether it is the formation of explicit rules or hidden rules, there are naturally a group of fans with vested interests. maintaining it.

The film and television industry cannot bear Nanyi's expectations. He has no interest in changing the rules, as long as he makes full use of the rules and puts himself in the camp of vested interests.

South Korea's entertainment industry can be said to be a succession of mentors, accepting both the good and the bad, and the bad is out of the blue. Trainees accompanying wine, slave contracts, black gold invasions, and pimping are already the obvious rules, only South Korea Yi's favorite "plastic surgery before debut" can be regarded as a collection of five deadly sins.

"I know that it is natural to participate in normal entertainment, and you should also flatter those who should be flattered. Don't be an artist if you don't want to eat and drink with you. I mean sleeping with you or other excessive demands, don't force artists to do it.

If they do it voluntarily, there is no need to stop them, just tell them that they will be responsible for all the losses caused by the company; if it is involuntary, and there is no big benefit at the same time, I don't want to see this kind of thing happen, understand? "

"Understood." Bai Guixia bowed.

Nanyi sorted out the documents on the table, and asked, "Is Jin Huixiu at work?"

"She hasn't been working recently."

"She has a new job, let her be my playmate."

Bai Guixia's stomach was full of circles, and the Mr. Nan in front of him was also a duplicity person. Just after he finished speaking, he was not allowed to force him, but now he is... a scumbag.

"Ah, by the way, tell her there's a paycheck."