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Everyone thought it was a good project.

In addition, Chen Qing also promised the long-term control of the consortium to the Lee family of Samsung on behalf of her own boss. For this reason, she stated that the stake in Samsung Electronics will be dispersed in the form of multiple shells to ensure that after the equity change, Samsung The subsidiaries of the group can still hold about 20% of Samsung Electronics shares through various cross-shareholding models, indirectly maintaining the position of the largest shareholder, and the shareholding ratio belonging to the Samsung Lee family will also remain at around 5%.

For cars, the Westeros system is completely out of hand.

Li Jianxi is very clear that this is the best condition he can get, losing the actual control of Samsung Electronics and gaining a firm foothold in the automobile industry.As for the promise of control, it is naive if it is too serious, but Li Kunxi also believes that as long as he can ensure the interests of the Westeros system, Simon Westeros will not rashly deprive the Li family of control over Samsung Electronics .

Afterwards, the three chaebol leaders were finally able to fly to Los Angeles, meet Simon himself, and everyone signed the draft agreement of intent.

Simon also promised again at the subsequent reception that as long as everyone cooperates happily, South Korea, Hyundai, Samsung and SK will be the Big Three in the future, and the others will only be reduced to second-tier, and even the three will have a wider place in the world .

As for how the heads of the three families feel in their hearts, it is unknown.

In addition, there will be doubts, or expectations, who is the first, who is the second, and who is the third?

Chen Qing did not go to Los Angeles with the three chaebol heads, but flew to Washington.

The IMF negotiating team that is about to go to South Korea is being formed, and there must be members of the Westeros system among them. Simon has been planning this for a long time, and there is no shortage of manpower. Maintain good communication during the operation of secretly going to Korea.

……

Seoul, Korea.

In a blink of an eye, it is already Thursday, the day in Asia, almost Black Friday.However, the mentality of South Korea is almost the same as that of Black Friday.

Blue House Presidential Palace.

All day today, Kim Young-sam has been presiding over a meeting that will determine the future of South Korea's economy.

The next core issue is whether South Korea has confirmed to seek help from the IMF.

Since the news that South Korea’s foreign reserves were about to run out on Monday came to light, and on Tuesday, the authorities were forced to implement emergency foreign exchange controls and temporarily closed the stock and bond markets. Both the ruling and opposition parties in South Korea and the international public opinion were full of criticism. Many domestic media in South Korea Condemn Kim Yong-sam and ask him to resign and apologize, and the matter of seeking help from the IMF has once again become the focus of intense domestic controversy.

The opposition is dominated by Li Renji, one of the three candidates for this general election.

Lee In-je was also a member of the ruling Grand National Party. After losing the presidential candidate position with Lee Hoi-chang, he announced his solo flight and organized the Saenuri Party. The current support rate is second only to Kim Dae-jung and Lee Hoi-chang, with about 20 % of voters approve

A 20% support rate is only half that of the top two candidates, and under normal circumstances they will definitely not be elected.So, taking advantage of this opportunity, Li Renji suddenly started to take a slant.

Lee Inje’s point of view is that since South Korea has implemented foreign exchange control and closed the stock and bond markets, it should continue, and there is no need to seek assistance from the IMF at the cost of giving up South Korea’s economic sovereignty.What South Korea has to do is to investigate and reorganize non-performing enterprises and international debts under the control of the government, and at the same time start negotiations with creditors to extend the repayment time.

In recent days, Li Renji has been advocating his views in the public media, and has won many echoing voices. The approval rate has soared to more than 25% in a short period of time.

However, how could things be so simple?

Li Renji's attitude, in the final analysis, is still playing tricks.

It means that I can't afford it now, you can only give me some more time to sort out my family and pay it back slowly.Even, if you want to get back the debt as soon as possible, you'd better give me a discount and pay less.

In order to find support for his position, Li Renji also lashed out at international financial speculators, instilling in the public that it is international financial speculators who have caused everything. Therefore, those overseas capital trapped in the Korean debt market are also responsible for South Korea's current plight. There is a great responsibility.

Frankly speaking, Li Renji's argument is actually correct.

The problem is, it's still not a world of right and wrong.

As the South Korean authorities publicly stated on Tuesday that they would seek help from the IMF, they fell into disputes and repetitions again. Yesterday, Standard & Poor’s directly downgraded South Korea’s sovereign credit rating from BB+, which generally has risky credit, to CCC-, which has very poor credit and may default. bond category.

Not only that, the United States, Japan and EU countries have also expressed close attention to South Korea's subsequent decision-making under the implementation of emergency financial controls.

If it is only a short-term financial control, as long as the recovery is timely, everyone can understand.

If South Korea intends to play tricks completely and implement long-term control in order to avoid a further collapse of the financial market and at the same time be unwilling to pay a price to seek help from the IMF, then countries will not rule out imposing sanctions on South Korea for its behavior that seriously disrupts the international financial order.

You lie down forever.

A conference room at the Blue House.

After fighting with each other for a whole day, seeing that Li Renji was still steadfast and unwilling to give in, Jin Yongsan almost threw the teacup in his hand in the opponent's face, and performed another full-scale martial arts.

In fact, Cheong Wa Dae has every right to get rid of Lee Inje and contact the IMF directly.

The problem is, the IMF won't.

South Korea is about to hold a general election. In order to ensure the validity of the agreement reached by the IMF and South Korea, Washington’s request is that the next agreement must be signed by the current South Korean President Kim Young-sam and the three presidential candidates with the highest approval rating.Even though Li Renji's approval rating is very low, but, like the recent situation, who knows if there will be a black swan event in the future.

If Li Renji is elected and the new president refuses to accept his account, the IMF's tens of billions of dollars in loans may fall into uncontrollable risks.

Seeing that another day was about to pass again, Jin Yongsan knew that he had no time to procrastinate, and he did not announce the end of the meeting. He let the sunset go down and the lights in the meeting room were turned on.

Of course there is no dinner.

The opposition led by Li Renji also put on an appearance of resolute resistance.

So at seven o'clock in the evening, Jiang Xuanhao, General Secretary of the Blue House, finally sent some documents, and whispered something in Jin Yongsan's ear. Jin Yongsan nodded, and drove out all other irrelevant people in the conference room, leaving only himself and the three Only then did he push the materials in his hand to Li Renji: "Look for yourself, Renji, no matter what decision you make after reading these materials, tonight, I will invite the IMF to officially come to Korea."

Li Renji didn't meet Jin Yongsan's eyes, paused, and opened the first document in front of him.

This is the balance sheet data of the top 10 banks in South Korea.

In order for Li Renji to understand, it was obviously simplified so that it was clear at a glance.

Li Renji flipped through the data in front of him page by page. He only read half of it, and then stopped. He looked at Jin Yongsan in disbelief: "Impossible, this is impossible, it must be fake."

In the current data, there are only five or six companies that Li Renji has seen. The lowest bad debt ratio is 79%, and the highest is even 263%.

Lee Inje recently insisted that the premise of refusing to seek assistance from the IMF is that South Korea still has enough wealth to carry out internal rectification.However, the shocking bad debt ratio of the top ten banks is indeed something he never thought of. The lowest is already 79%, the highest...

wrong!

Li Renji quickly took a page from it and showed it to Jin Yongsan: "Do you think I am a fool, Seoul Bank, the bad debt ratio is 263%, how is this possible, how can it exceed 100%?"

Kim Dae-jung on the other side also looked at Kim Young-sam curiously after hearing the words.

Everyone wants to persuade this stubborn donkey to turn around. If you lie to him with fake data, it will only make things worse.

Kim Dae-jung also does not know much financial knowledge.

Jin Yongsan explained with a cold face: "Don't you take a closer look, the extra is foreign debts."

Let me add a word, it's really good, it's worth pretending, after all, there are many sources of books, all books, and fast updates!

Speaking of this, Jin Yongsan was also angry, and then added: "Those idiots have given short-term financing obtained from abroad that does not belong to their own capital as long-term loans to companies. Now so many companies have gone bankrupt, and many more are in trouble. Of course, the money will not be recovered. Moreover, this is only the beginning. If the national economy is not rescued as soon as possible, the situation will continue to deteriorate. We may not even be able to protect half of the top 10 domestic banks in your hands. Therefore, we do not There is no capital that can be used to rectify the national economy as you imagined, so you can only seek help from outside."

South Korea's external debt exceeds 1000 billion U.S. dollars, but in fact, the overall debt scale, including domestic debt and overseas debt, is calculated at the exchange rate of 800 won to 1 U.S. dollar before the crisis, and the total exceeds 3000 billion U.S. dollars.

More than 90% of these debts are issued by the top 10 banks in South Korea.

The domestic part can be described as the wealth that South Korea has accumulated over the past few decades.

Now, just because of the depreciation of the Korean won, the assets of Korean banks worth up to 2000 billion U.S. dollars have shrunk by more than half. Next, it is conceivable that as Korean companies begin large-scale bankruptcy, rectification, and reorganization, it is difficult to say that this huge amount of assets will be lost in one year. How much will be left after a lot of tossing.

In the financial crisis, the vitality of various countries was severely damaged. In fact, this is basically the case.

Currency debasement, debt evaporates, stock market plummets... eventually wipes out decades of accumulated wealth in a country.

In short, the only way out for South Korea at this time is to seek external assistance.

Of course, it is not impossible to close the country and pretend to be stubborn, but this is not a way out at all, it is a dead end.Because Western countries including the United States have already stated that if South Korea dares to take the lead in severely disrupting the international financial order, it will never have a chance to turn around.

After listening to Jin Yongsan's explanation, Li Renji retracted the page of information without saying a word, put aside the balance sheet documents of the Bank of Korea, and looked at a folder below.

Seeing this, he almost jumped up again.

Inside the folder was a pile of unsigned letters.

Simply put, it is a threat.

The core members of the National New Party, where Li Renji belongs, stated in a letter that if he disregards the interests of the people for the sake of party struggle, everyone will mobilize and expel him from the New National Party.

Later, there were also handwritten letters from the heads of various chaebols, to the same effect that if Li Renji did not cooperate with the IMF bailout negotiations, then he would not be able to get even a penny of political donations from various chaebols in the future.

After reading these, Li Renji knew that his situation was over.

The reason why Li Renji dared to compete with the current president and the other two candidates is that apart from the support of the public, the key is that he believes that there will be a group of people in the Korean political and business circles who will stand by him. In the next presidential election, he does have a chance to come back against the wind.

In political circles, he did find supporters.

However, on the side of the chaebol, he found that he overestimated the perseverance of those guys.With these letters in hand, the heads of the top ten chaebols all expressed their views.

In this case, if he is still stubborn, Li Renji understands that his political future will be completely ended.

After a moment of silence, Li Renji finally said, "I can sign, but I need some guarantees."

Jin Yongsan, who had been dragged by Li Renji for three full days, saw that the other party softened, and knew in his heart that he should calm down and avoid further twists and turns, but he still couldn't hold back, with some sarcasm: "We can guarantee you, but you think you Can it be honored?"

Sure enough, what Jin Yongsan said made Li Renji a little bit embarrassed again. He didn't take back what he just said, but stood up suddenly, walked straight to the door of the conference room, opened the door, and stepped out of the conference room with one foot. Turning his head again, he glanced at the remaining three people at the large conference table, and said with grief and indignation: "We all understand that we are about to betray our country. We... are all sinners of the Republic of Korea."

Chapter 1250: Cultural Founding

The IMF formally received an invitation from South Korean President Kim Young-sam to negotiate at nine o'clock on Thursday on the West Coast of the United States.

Washington has already prepared everything. After confirming that the South Korean authorities have cleared the last obstacle of Lee In-je, the negotiating delegation with a total of 27 people took a special plane to fly directly to Seoul, South Korea.

Chen Qing, who was also in Washington, did not go with her, but flew to Los Angeles first.

Arrived on the west coast, it was still Thursday morning here.

Daenerys Studios.

In Simon's office, Chen Qing spent more than half an hour sorting out the details of the next plans with her boss.

The expansion of South Korea cannot be completed overnight. The IMF’s takeover of the South Korean economy is only the first step. In the next few years, through the control of the IMF, the Westeros system and other stakeholders will transform South Korea according to their own will .

This will be a transformation involving all aspects of politics, economy, and culture.

The ultimate goal, of course, is to achieve invisible manipulation of South Korea.

The meeting lasted for an hour. At 11 am, Chen Qing left her boss's office and rushed directly to the airport by car.

Los Angeles International Airport.

Chen Qing boarded the Gulfstream V private jet parked on the runway with her entourage, and Cheng Tae-hee, who was already in the cabin, got up quickly.

After taking a look at Cheng Taixi, who had been raised in San Lucas Manor in Mexico for a week and became more and more radiant, Chen Qing came to sit by the window and deliberately said in a somewhat sour tone: "You are not stupid, you didn't tan yourself."

Cheng Tae-hee smiled shyly, and waited for Lily Favel and the others to take their seats before he came across to Chen Qing. Seeing that Chen Qing had already lowered her head and began to flip through a document, she glanced at it and found that it was in Korean. So I can't help but pay more attention to it, and roughly recognize the words "Culture builds a country" on the title.

Not sure why.

Cheng Taixi was not thinking here, fastened his seat belt, hesitated a little, and asked cautiously: "Miss Chen, did you see Mr. Westeros just now?"

"Yes."

"Then..." Cheng Taixi became more and more shy: "Mr. Westeros, how are you doing recently?"

"not too good."

"what?"

Chen Qing raised her eyes and glanced at the woman opposite: "I miss you every day, I'm suffering from lovesickness."

It was only then that Cheng Taixi realized that Chen Qing was teasing him, and couldn't help but blushed slightly, he didn't know what to say for a moment.

It seems that I really have lovesickness.

A few days ago, after the weekend with that man that left her with a deep memory, in recent days, staying in that exaggeratedly large seaside manor, she found that she couldn't help thinking about a certain man every moment, thinking about his Gentle smile, thinking of his humor, thinking of his thoughtfulness, thinking of his strength, thinking of his arrogance that almost devoured her on the bed...

She felt that she had suddenly fallen into a love affair that was sure to be fruitless.

Or, to be precise, unrequited love.

I also secretly alerted myself, but I just couldn't help it.

Chen Qing continued flipping through the documents in her hand, and after a while, she felt the plane start to vibrate, and then stopped temporarily, seeing the woman opposite was still looking like a reddish nympho, thought for a while, and said: "Have you ever raised a cat? "

Cheng Taixi, who came back to his senses, raised his head, only to realize that Chen Qing was talking to him, and subconsciously nodded.

Immediately felt guilty again.

She had a cat during her first marriage.

Now, even if it's not that man, she doesn't want to say anything about that marriage.

Chen Qing curled her mouth with a bad expression: "The boss also likes to keep cats."

Cheng Taixi immediately raised his head again, waiting for Chen Qing to continue.

She is interested in everything about him.

Chen Qing felt the overweight feeling when the private jet accelerated into the sky, and continued to speak slowly with Cheng Taixi's appetite: "The boss will provide the best living conditions for his cats, exclusive maids, a large house, and rich food. Daily use... In short, almost all the material conditions cats want can be met, and the boss will be very gentle with his cats every day, so gentle that the cats think that the owner's favorite must be him."

Speaking of this, seeing Cheng Taixi's stunned expression, which turned sad again, Chen Qing succeeded and said: "So, you understand, you are just a cat raised by the boss, of course the owner will love his cat, but, absolutely It can’t be love, species are different, how can they love each other?”

The beautiful bubble that had been fantasized for several days was punctured in a blink of an eye. Cheng Taixi lowered her head sadly, feeling her nose was a little sore. She really wanted to refute that Simon was not like this.However, she is not a little girl who knows nothing about the world.So understand, the fact, probably is the case.

He was just a cat he raised.