South Korea was severely impacted by the financial crisis, and its economy suffered a drastic downturn. The South Korean government was short of money and unable to bail out the market, and at one point even appealed to South Korean grandmothers to sell their gold and silver to raise money for the rescue.
It's so tragic that someone so old has to sell gold and silver jewelry; it's truly pitiful.
South Korea was the first to seek help from the United States, but even as a godson, the United States, the "father," still relentlessly drained its resources.
Originally, South Korea intended to accept South Korea's conditions.
However, seeing Wujiang Group stepping in to rescue the market in Southeast Asia, they had the same idea.
9:00 AM on March 15, 1998.
Wujiang Group, office.
The official representative from South Korea was named Yoo Ho-hyun, in his forties, dressed in a suit and tie, speaking with composure and exuding competence. His assistant was a stunningly beautiful woman, wearing a white shirt and a black pencil skirt, with long legs, both intellectual and sexy.
Liu Haoxian adopted an extremely humble attitude and pleaded with Zhao Ye for help: "The Asian financial crisis has struck, the stock index in South Korea has plummeted, banks and factories have gone bankrupt one after another, and the number of unemployed people is increasing. The people of South Korea are in dire straits. Mr. Zhao, since you have been able to help Southeast Asia save its market, could you also lend a hand to South Korea?"
Zhao Ye nodded slightly and smiled, "No problem. With great power comes great responsibility!"
Upon hearing this, Liu Haoxian exclaimed happily, "That's wonderful! On behalf of the people of Korea, I thank Mr. Zhao!"
Zhao Ye said slowly, "Don't thank them yet. You know, I can help South Korea, but I have conditions."
Liu Haoxian hurriedly asked, "What are the conditions?"
Zhao Ye said, "I am quite interested in some companies in South Korea and hope that the South Korean government will allow me to invest in them. In addition, South Korea is opening up certain industries to Wujiang Group, allowing Wujiang Group to enter these industries as well! I will give you a document to review the details!"
The Korean market is extremely xenophobic, and the government provides special protection for local businesses.
If Wujiang Group doesn't take advantage of the situation, it will be difficult for them to enter the South Korean market.
Upon hearing this, Liu Haoxian smiled bitterly to himself.
If the US is a jackal, then the Wujiang Group is a tiger; both want to tear a piece of flesh from South Korea.
Unfortunately, South Korea has no other choice now.
South Korea needs the help of the Wujiang Group; it would be difficult for South Korea to weather the financial crisis on its own.
Recently, even the largest company in the country, Daewoo Group, went bankrupt with a debt of $80 billion, which is simply astonishing.
Companies like Samsung and LG won't have an easy time either.
Without government subsidies and assistance, these companies would likely have gone bankrupt.
"Mr. Liu Haoxian, this is my request to intervene and save the market. Take it back and study it carefully!"
Without saying a word, Zhao Ye took a document out of the drawer and handed it to Liu Haoxian.
“Yes, Mr. Zhao.” Liu Haoxian nodded in response and took the documents from Zhao Ye.
"Mr. Liu, I still have some things to take care of, so I won't see you off!" Zhao Ye said, indicating that the other party could leave.
"Oh, Mr. Zhao, you go ahead with your work. I'll take my leave now!" Liu Haoxian nodded, stood up, shook hands with Zhao Ye, and said goodbye.
As soon as Liu Haoxian and the others left, Zhao Ye picked up the phone and dialed a number.
"Mr. Lü, have [Boundless Capital] prepare to enter South Korea! South Korea will most likely not refuse our conditions!" Zhao Ye said with a chuckle as he sipped his tea.
"Okay, Chairman Zhao, I understand. I'll arrange it right away," Lü Maoshi replied. After their frenzied bargain hunting in Southeast Asia, [Boundless Capital] was now quite adept at executing acquisition plans in South Korea.
Zhao Ye nodded, completely at ease with Lü Maoshi and the others.
In fact, it is already difficult for South Korea to rise in fields such as semiconductors and LCDs in this era.
Wujiang Group has almost monopolized the Asian semiconductor market.
Samsung Electronics is still holding on, but most of its funding comes from government support and low-interest or even interest-free loans from banks.
Zhao Ye instructed Wujiang Capital to acquire shares in conglomerates such as Samsung, Hyundai, LG, and Daewoo primarily because the South Korean market is too exclusive, and these conglomerates wield significant monopolistic power.
Most South Koreans are born in Samsung hospitals, attend Samsung schools, wear Samsung clothing, use Samsung electronics, get married in Samsung hotels, live in Samsung-built apartments, and eventually end up hospitalized in Samsung hospitals.
That's terrifying!
It actually looks somewhat like the Wujiang Group.
Wujiang Group can now be considered a super conglomerate.
However, the Chinese market is too large, and Wujiang Group cannot monopolize all industries like Samsung Group.
...
South Korea unequivocally agreed to Zhao Ye's conditions.
The South Korean government believes that Wujiang Group is, after all, a business whose main purpose is to make money.
Country M's ambitions extend beyond just financial gain; it also includes political and military objectives.
If country M can easily control the economy of South Korea, then South Korea will lose its dominant position.
The next morning.
Liu Haoxian called Zhao Ye and arrived at Wujiang Group that afternoon to sign the agreement.
In the evening, Wujiang Group held a press conference.
Many reporters were present at the press conference.
When South Korean official Yoo Ho-hyun appeared on stage, many people immediately guessed what was going on.
"That's Yoo Ho-hyun, a high-ranking official from South Korea. What's he doing at the Wujiang Group's press conference? Hmm, it seems he's reached some kind of agreement with the Wujiang Group!"
"Hehe, there's no other reason than that Wujiang Group is willing to step in and save the South Korean market..."
"Wujiang Group is amazing! When the Asian financial crisis broke out, Wujiang Group actually became a firefighter, putting out fires everywhere!" the reporter joked with a smile.
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