Unlike the so-called four Asian tigers that began to develop rapidly in the 1990s, South Korea is one of the "Four Asian Tigers" that began to rise in the 1960s and 1970s, its economic strength is still very reputable internationally.

Since the Asian financial crisis started in Southeast Asia, Thailand, Malay, the Philippines and Indonesia have all suffered heavy losses. However, Japan, the most developed country in Asia, is still fighting against international hot money with its strong financial strength.

As the battle situation reached a slight stalemate, Japan's stabilizing needle began to gradually exert its own effect, and the entire Asian financial storm seemed to have stopped.

When the mid-market was in a deadlock, Soros took a step and made everyone exclaim.

"The whole of Asia is experiencing an unprecedented financial crisis, and we should tighten our money as soon as possible!"

"What stupid things are you saying? Our South Korea is the four Asian dragons, not those incompetent Southeast Asian monkeys!"

"Hey, new boy, don't you understand what magnanimity means? Is your attitude of talking to your seniors like this!"

In the credit department of the Seoul Head Office of KB Bank, it is rare that someone dares to make loud noises during working hours, and it seems that there is a very fierce quarrel with his immediate boss.

This is a rare scene for Korea, which emphasizes workplace order and superiority. For a moment, everyone's attention in the entire open office area was concentrated.

"Is this the time to pay attention to these things? If we KB Bank continues to lend to Daewoo Group, they will definitely invest their funds in the bottomless pit of the automobile industry. But now the Asian financial crisis is getting worse and worse, and our Korean cars have no competitive advantage in the market. The low-end market cannot enter developed countries such as Europe and the United States, and cannot enter huge emerging markets like China. They will bear huge risk pressure in the short term."

The young man standing in front of Kim Jae-sung, deputy director of the Credit Department, couldn't help but pull away his tie when he said this, and then slapped his hands on the deputy minister's desk: "If Daewoo Group is insolvent, our bank will be completely defaulted due to the chain effect. At that time, not only Daewoo Group will go bankrupt, but our KB Bank will also be doomed. Now there is only one route in front of us, and it is definitely not to continue to lend money to Daewoo Group, but should urge them to repay the loan as soon as possible. As long as KB Bank does not fall, we can save more small and medium-sized enterprises in the future! Our KB Bank is not the wallets of those large groups, but should be responsible for all Korean citizens!"

"What stupid things are you saying? The financial storm is getting worse and worse? Haven't you seen Soros get hit in Japan and get bleeding?"

Without the deputy minister coming forward, some people naturally stood up to refute these absurd words: "We South Korea is a developed country, and the average annual income of the people is 7,000 US dollars. Do you think you are the only one who is smart? The debt crisis in 1981 and the oil crisis in the late 1980s, there are many people like you who think the sky is about to fall. But what's the result? We Koreans have unique national roots, and didn't they defeat these crises in the end?"

Kim Jae-sung knocked on the table, glanced at the young man's badge in front of him, leaned against the back of the chair and continued coldly: "Yun Zhengxue, do you know what kind of enterprise Daewoo Group is? Daewoo Group has been established in 1967 and has now become the 43rd place among the world's top 500 industrial enterprises. It is one of the greatest and most proud companies in South Korea, and is an important and indispensable part of South Korea."

"If we are responsible to all the people, we should extend our hands when Daewoo Group needs it most. Have you ever thought about what impact will this have on the entire financial field and how much harm it will cause to the reputation of Daewoo Group? At that time, if Daewoo Group really has a crisis, all the citizens of the Republic of Korea will suffer because of what you said today!"

"Minister, this world is not transferred by personal will, at least it will not transfer by the will of a small country like South Korea."

Yoon Jung-soo was not overwhelmed by Kim Jae-sung's words, but instead pointed to a file that had been on the desk and began to explain seriously.

"If there may be a crisis in Daewoo Group, it is definitely not caused by my words. Since the late 1980s, Daewoo Group has seen significant regressions in its main steel, shipbuilding, chemicals, heavy equipment and electronics fields. Here are the statistics of Daewoo Group's major businesses in each year. The three pillar industries of steel, shipbuilding and communication electronics have been regressing the most since the 1980s, and it can be said that it is a complete avalanche."

"Originally, Daewoo Group would trust its hopes to the automobile industry, which is indeed a far-sighted strategy. But unfortunately, our automobiles have not opened up an international market that can support development except for the domestic market. In developed countries, we cannot compete with traditional European and American automobile companies. In the low-end market, we are not even a match for Japanese automobile companies. South Korea's own automobile market is simply not enough to support our automobile industry. Without the development of emerging markets, this is a dead end."

The position of South Korean automobiles in the international market is indeed not awkward. In terms of technology, background, brand, design and management, there is nothing that can compete with international manufacturers. South Korea focuses on the low-end market with its lower labor costs, which does have a certain comparative advantage. But as the saying goes, "Why did you have a good life? In the 1990s, I was afraid that I would have drunk a fake bar?"

Historically, South Korean Automobile seized the east wind after the establishment of diplomatic relations between China and South Korea, and built factories in China at a lower price than Japanese automobiles and a large number of local factories. This is why it has occupied a place in the Chinese market. Relying on the emerging Chinese market, South Korean Automobile has completed its initial primitive accumulation.

It can be said that South Korea's automobile industry was saved by the Chinese market.

However, there is a problem here.

The Soviet Union's death without being rigid really changed too many things, such as North Korea. After the Soviet Communist Party occupied the Far East, it was openly confronting the sky and the earth, but in fact everyone knows what happened.

Those who are familiar with North Korean history know that North Korea has had differences in pro-Soviet and pro-China routes. Later, pro-Soviet gained the upper hand, and the entire North Korean economy was based on integration with the Soviet Union. In this way, when the Soviet Communist Party completely turned to China, it would have a huge impact on North Korea.

This is different from the complete disintegration of the Soviet Union back then. North Korea has no comparison and has some illusions about its status.

And when his backers rely on his original little brothers as his backers, there will be no such shamelessness within North Korea.

No matter how shameless you are, you can be even less proud than the Communist Party of the Soviet Union? After all, everyone still needs to have a meal.

Two years ago, the train line from Dandong to Xiucheng and then to the Imperial Capital had been blocked several times.

The chain reaction caused by this has led to the establishment of diplomatic relations between China and South Korea, which should have happened in 1992, and it has not made much progress until New Year's Day in 1993.

If China and South Korea have not established diplomatic relations, there is no bilateral trade, so South Korean capital naturally cannot enter China.

What is accompanied by the industrial upgrading, steel, shipbuilding, and chemical industry in Northeast China, which has brought full coverage to South Korea's industry. Then there is the rise of China's electronics industry and the upgrading and reshuffle of the communications industry. Another reason is that the bilateral relations between China and South Korea, Korean companies missed the opportunity to enter the new communications system.

As for South Korea's traditional strong home appliance industry, if the door to China-South Korea relations still cannot be opened, it is conceivable that the upgrade of the IGCT market has nothing to do with them.

In this way, as long as the data in hand is not wrong and industry insiders with basic economic and financial knowledge can infer that South Korea's international competitiveness is declining rapidly and significantly.

By 1993, when the Asian financial crisis broke out, international capitals with keen sense of smell had already begun to withdraw from South Korea.

However, South Korea is also a so-called developed country with decades of development and accumulation. After all, the country has some background, coupled with the process of certain inertia and crisis amplification in the financial industry, the collapse of the entire system shows a final rebirth.

Now Soros, the initiator of the Asian financial crisis, suffered a setback in Japan, which has rekindled the confidence of the South Korean financial market. As a result, the capital of major banks and large enterprises in South Korea are in a stage of rapid expansion.

As the actual executor of this expansion strategy, Kim Jae-sung will certainly not be moved by a small employee in a few words.

"Enough!"

Kim Jae-sung hit the desk with a slap, and even jumped up with a water cup: "Daewoo Group is an important customer of KB Bank. Yoon Zhengxue's job is not to attack our company! KB Bank will not allow this kind of thing to happen. If there is no other job, you can get off work now!"

Yin Zhengxue looked at Jin Jae-sung in a daze. Where is the bank? If the bank does not talk about data but talks about favors, what customers are the most correct? Do you have to "repay ten times" like the Japanese without a loan?

At this moment, Yin Zhengxue suddenly realized something as if he was blessed. If he was standing on a sinking warship, then would he not jump off the ship without jumping the ship while the water was not flooded?

"No, I still have one job I haven't done."

In the surprised eyes of everyone around him, Yin Zhengxue pulled out a piece of paper from Jin Zai-sung's table and picked up a pen.

He waved the pen and wrote two words neatly on the paper.

Resignation.

"Deputy Minister Jin, I want to resign!"

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Chapter completed!