Chapter 61 The next target, Hanjin Shipping!
When the contract was signed, the shareholders present felt relieved. They no longer had to worry about the bank's impending bankruptcy! Although their shares in KB Bank were diluted, this was a pretty good outcome compared to the bank going bankrupt and their shares becoming worthless! As for the other peers who were also in trouble and no one was helping them, hehe, they just watched the fun! ...
The news of KB Bank's change of ownership quickly spread among the upper class of Goryeo. Many companies waited to see what the Blue House would do to see how Mr. Yongsan would react to this "unauthorized action"? After all, if there were other options, they didn't want to be picked up by the IMF, and their huge industry that they had worked hard for decades to collect and accumulate would be given to others for nothing! However , after waiting for two days, there was still no movement from the Blue House, as if the change of ownership of KB Bank had not happened.
This somewhat abnormal scene gave rise to some thoughts among the top domestic companies such as Hyundai Group and Five Star Group. They wanted to contact those powerful overseas financial institutions to try to "rescue" them.
The most active one is Yuetian Group. As one of the top-ranked large Korean enterprises, its chairman Xingohao was able to transform from an ordinary civilian student who went abroad to study into the founder of a powerful chaebol in the Korean business world in more than 20 years, all thanks to the strong support of his Japanese wife's family!
However, the news from Japan also disappointed him greatly. It turned out that since the financial crisis broke out in Southeast Asia, it soon spread to Japan, causing a huge negative impact on Japan's financial industry.
The collapse of the won exchange rate in Goryeo further impacted the Japanese financial industry, which had a large investment in Goryeo! This series of events led to the bankruptcy of many banks and securities companies in Japan, including the tenth-ranked Hokkaido Takushoku Bank and Yamaichi Securities, one of the four largest securities companies in the country.
Other companies' requests for help from overseas financial institutions also fell on deaf ears, and not a single one received a response.
Previously, foreign financial institutions were willing to generously lend money to Goryeo’s banks and enterprises because they believed that even if Goryeo’s economy ran into problems, the Blue House would take over and provide a guarantee. However, they did not expect that the Blue House had obviously gone too far this time!
The huge overseas debt, coupled with the crazy short selling by international speculators, made the Blue House powerless. It is precisely because of this that international financial institutions such as Moody's, S&P, Goldman Sachs, and JPMorgan Chase have downgraded the sovereign credit rating of Korea, and the way for Korean companies to borrow money from abroad has been completely blocked.
Entrepreneurs who have completely lost hope can only accept the reality helplessly and wait for the results of the negotiations between the Blue House and the IMF.
…
After the KB Bank shareholders meeting, Zhang Junfeng issued the first order. KB Bank arranged for people to go with him to those large companies that had overdue loans and interest to demand loans and compensation! The first target was Hanjin Shipping, a core subsidiary of Hanjin Group! This order almost made Jin Zhengtai unable to react for a while. Those were all top domestic companies. If they went to collect debts at this time, wouldn't it be a huge offense to these companies? !
The presidents of those big companies are not good people. Even though they are all in a state of panic because of the huge debts of their companies, once they recover, they will definitely cause trouble for KB Bank. If you are sensible, you should not do this!
Jin Zhengtai expressed his views tactfully, and did not forget to hint Zhang Junfeng to act cautiously. However, Zhang Junfeng, who had already made up his mind, did not intend to give up. Instead, he ordered Jin Zhengtai to arrange for the personnel to follow him to Hanjin Shipping to collect the debt!
Seeing Zhang Junfeng's tough attitude, Jin Zhengtai could only passively agree. After all, the major shareholder of the bank has been replaced, and the real decision-making power is no longer in his hands!
...
Just as Zhang Junfeng was preparing to go to collect the debt, news came from Li Fuzhen about the wedding preparations.
As time approaches, Hong Luoxi reminds her beloved daughter that she must pick a time to take her son-in-law to try on wedding dresses and suits.
According to Li Jianxi, this wedding must be held in a grand and decent manner to prove that their five-star Li family, even under the financial crisis, must still show the same style as before, and must not be perfunctory and let others look down on them! Hearing her mother say this, Li Fuzhen naturally would not refuse. After making an appointment, she took Zhang Junfeng to the largest wedding dress flagship store in Seoul to choose the wedding dress she liked.
Zhang Junfeng, who was visiting a bridal shop for the first time, took the opportunity when Li Fuzhen was choosing to curiously look at the prices of several wedding dresses. He couldn't help but feel a little distressed when he saw the prices on the labels! The price of any wedding dress here is hundreds of millions of won. That is, the exchange rate between the won and the US dollar has dropped significantly compared to before. Otherwise, it would cost 120,000 US dollars if it was converted into US dollars at the exchange rate of 800:1! And the special wedding dress that Li Fuzhen is looking at now, which is inlaid with many broken diamonds and sparkles under the lights, costs a sky-high price of 800 million won!
Seeing Li Fuzhen unable to take her eyes away, it was clear to me that this woman really liked the one in her hand!
However, Li Fuzhen seemed to notice the label on the wedding dress. Seeing the outrageous price, she hesitated again. The situation of the Five Star Group is terrible now. If she wears such a wedding dress to get married, her parents and brothers will have objections, right? !
The clerk who was helping her choose the wedding dress was a little anxious. Although this wedding dress was one of the three treasures in their store, it would not be sold easily under normal circumstances.
But the current emergency situation is too bad! I finally met a big customer like the daughter of the Five Elements Group. I have to sell a few expensive wedding dresses to recover the funds in a short time. Otherwise, it will be a problem whether the salary can be paid normally next month! ...
Seeing the clerk's enthusiastic introduction, Zhang Junfeng encouraged Li Fuzhen to buy them, and even promoted the next few pieces. Li Fuzhen seemed a little tempted but hesitant, so Zhang Junfeng stepped forward and put a KB Bank card in Li Fuzhen's hand, then smiled and helped her out, "Since you like them all, just buy them all! Anyway, you don't need that little money, and it's good to have one or two more sets for the wedding!"
"The password of the card is your birthday. Pick one and try it on!" Zhang Junfeng reminded her softly in her ear.
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
(End of this chapter)