"Since 1990, South Korea's heavy industry's main pillars of steel and shipbuilding have been on the verge of collapse under competition in Northeast China."

"If we start from the long run, developing the automobile industry is indeed a better solution to this problem. The automobile industry has high added value and huge market, which can digest South Korea's steel production capacity and form a comparative advantage with the industrial competition in Northeast China. Judging from the current development plan, China should not have the plan and foundation to vigorously develop the automobile industry."

"Daewoo Group has exported cars to the international market since 1984. Here are the detailed data on Daewoo's annual export of cars. In 1986, Daewoo produced 167,000 cars and exported 121,000 vehicles. Then it increased year by year. By 1990, the annual production capacity could reach about 800,000 vehicles and the export volume was 650,000 vehicles. However, since 1990, the number of cars exported by Daewoo began to drop sharply, exporting 500,000 vehicles in 1991 and 320,000 vehicles in 1992. The export situation this year will only be more severe."

"One of the most important reasons for this is that since the 1990s, mainland China has become an emerging automotive parts production market. Through the Santana localization plan in the 1980s, China has cultivated a number of qualified automotive parts companies. After these companies entered the international market for automotive parts, the costs of automobile companies in Japan, the United States, Europe and other countries began to significantly reduce, and the advantages of the South Korean automobile industry were quickly offset."

"However, the more important issue is that instead of cutting production this year, Daewoo Auto continued to expand Daewoo Auto's production line through bank loans. More than 1 million cars are likely to need to be digested through the domestic market..."

"But can we South Korea digest 1 million Daewoo cars a year?"

In the dilapidated warehouse, Yin Zhengxue was talking to a group of people from different social classes. These people were customers when he worked in KB Bank. Some of them were small business owners, housewives, retired elderly people, students, landlords and hotel owners. In the face of his remarks, the reactions made were of course different.

Housewives and retired elderly people obviously don’t believe in his “aleriousness”, while landlords and students are indifferent. Suddenly, some people say that Daewoo, the second largest company in South Korea, is going bankrupt, and some people have to believe it. What’s more, Yoon Zhengxue said more than that, but believes that once Daewoo faces bankruptcy, many large Korean commercial banks that lend to Daewoo will also face severe bankruptcy crisis, which will lead to an economic crisis that may have affected the whole country…

Koreans are living a good life these days, but you told me that the country is about to go bankrupt?

Especially after the industrial problems, a large amount of domestic funds in South Korea entered the financial industry, resulting in a false prosperity on the market. Judging from the analysis of the report alone, Daewoo showed no sign of regression in the past three years. Automobile exports soared from more than 30 regions to more than 300 regional branches, in order to open up the international market to place a large number of advertisements and increase personnel benefits.

In fact, this is completely a matter of drinking poison to quench thirst, and it is even more a battle that Dayu has to fight back. If the market cannot be opened in a short time, the steel production capacity cannot be consumed, and the shipbuilding industry collapses faster than the growth of the automobile industry, then the bomb is likely to explode immediately. Between the immediate explosion and the magic of disintegration of the Demon, Dayu obviously chose the latter.

Daewoo is the second largest enterprise in South Korea and the number one in heavy industry. The impact of the industrial recession on it is extremely fatal! In particular, the emergence of China's shipbuilding industry is even more fatal to Daewoo, which started out with shipbuilding and has always insisted on investing in shipbuilding!

Under the magic of the disintegration of the Heavenly Demon, Dayu burned for three years, but unfortunately it did not bring about miracles. Because miracles have not yet established diplomatic relations with South Korea, of course, let alone bilateral trade and investment and factory construction.

Today, the market still maintains superficial prosperity due to broad financial policies. However, South Korea's entire secondary industry is actually in danger.

Without this financial crisis, South Korea might have been able to find opportunities to adjust its industrial structure and find ways to establish diplomatic relations with China. Unfortunately, due to the changes in the entire international environment and the emerging heavy industrial clusters in Northeast Asia, South Korea's current economic environment has been at least three to five years worse than the same period in history, and it has made South Korea's hope of opening up the Chinese market in a long way.

This 93 financial crisis seems to be similar to the 97 financial crisis, but in fact the gap is huge.

Although South Korea suffered from the 1997 financial crisis in history and even faced national bankruptcy for a time, in fact, from the perspective of the overall economic fundamentals, the South Korean economy is still favored by international capital in the long term, so after 1997, South Korea gave up its resistance and instead entered a large amount of foreign capital. However, under the current international situation, no one can see clearly the future economic trend of South Korea.

There are many reasons here. First, South Korea's physical body is not as good as history. After years of industrial recession and years of advancement in the financial crisis, South Korea's entire economic environment has not developed to the level of a truly developed country, and it is still possible to fall back into the middle-income trap. South Korea's industrial transformation, including automobiles and semiconductors, is all in a critical period of transformation.

However, these two transformation directions are almost all facing strong competition from mainland China. Not to mention the automobile industry, Samsung's path to transform into semiconductors has actually been completely blocked by Hu Wenhai. LCD displays, memory and communication equipment are Samsung's three tricks in the future, and the dominance is now in the hands of Xinke. In the foreseeable future, mainland China will usher in a considerable wave of wafer factory production capacity explosion.

Secondly, South Korea's international situation is not optimistic, and China and South Korea have no way to establish diplomatic relations, but the Soviet Communist Party is at home. Is it possible for the US military to increase? Faced with the Soviet Communist Party that dares to throw big mushrooms, should South Korea deploy the US military's anti-missile system? So will this further stimulate North Korea and China and lead to a colder relationship between China and South Korea?

The only thing South Korea can expect is that China completes the creation negotiations as soon as possible. In this way, South Korea can use the WTO platform to complete its expectations for entering the Chinese market. But even if everything goes well, it will take three or four years later. I still have to pray that China will not be too ruthless during the China-South Korea World Trade negotiations...

Yin Zhengxue's arguments range from international events to financial data can be said to be detailed. To be honest, if South Korea could completely abandon Daewoo with the courage of a hero to cut off its arm, it would have been possible to postpone the crisis or find a soft landing plan. Unfortunately, the major commercial banks in South Korea have long been kidnapped by Daewoo, and they can only open up providing loans to bet on the tiny possibility of Daewoo turning over.

However, for the clients he found, buying funds and financial management may make a fortune from them. But if you want to convince them to invest in a disaster, or to persuade them not to blindly believe in authority and believe that a disaster is about to happen, there may not be such courageous people here.

"South Korea is a developed country, how can it collapse in economic terms?"

"Didn't we just finished the Olympics? People all over the world know that South Korea is powerful and there will be no problem!"

"I don't know much about the economy, but it sounds like the risk is too great, and my husband and I need to discuss it."

"Mr. Yin is a little alarmist..."

Although this was not beyond Yin Zhengxue's expectations, these irrational doubts still disappointed him. Of course, their ideas are not wrong. The risk of counter-trend operations is indeed too great, which is not something that ordinary people can bear.

However, for Yin Zhengxue, luck is not completely not standing on his side.

"I don't understand what theories and data Mr. Yin said at all."

The person who spoke was the old man sitting in the last row, and he was still wearing a hat even in the room. At this time, he stood up and his eyes came out from under the brim of the hat. Yin Zhengxue seemed to be staring at by a lonely wolf in a trance.

"But I know one thing, and I know it well and believe it."

While speaking, the old man took off the hat on his head, revealing a twisted scar that stretched from his eyebrows to the back of his head and penetrated the entire scalp.

As he revealed his true face, almost everyone present suddenly became silent. Such a hideous and ugly scar made people subconsciously realize that this is a very difficult guy to mess with.

"Why, I was scared?"

The old man looked around and pointed at the scar on his head: "This is the tuition I know about this, and I need to pay."

"This is what I left behind when I was fighting with the Chinese in Changjin Lake. A bullet almost knocked my head away. But how many of the 70,000 Han army were as lucky as me and finally saved their lives? The Changjin Lake battle coalition forces had 100,000 casualties, and 2,500 were lost. The Americans survived the thrilling 1st Marine Division, so they believed that the Chinese army could resist."

"If it is true as they said, the 70,000 people of my Han Yijun should be alive intact, right? Then what are the corpses I saw? Where are my brothers and sisters now?"

"Unless there is only one explanation, that is, in the eyes of Americans, Koreans are not considered humans."

"What kind of country is South Korea? It's just an American colony! And if Americans want to do anything here, there is nothing that cannot be done. This is what I firmly believe in."

"If the Americans wanted to make South Korea go bankrupt today, then South Korea would definitely go bankrupt."

Speaking of this, the old man took out a fold from his arms and looked at Yin Zhengxue: "Since you bet that Americans will win, then no matter what you want to do, please count me."
Chapter completed!