After a fierce debate, South Korea suspended the talks and decided to set the next talks at 5:30 pm.

"How is it?" Yuan Zong Shen did not choose to return to the hotel, but came to a station wagon outside.

"At present, China, the United States, Japan, the CIS and the EU have all been released."

Person C said looking at the feedback from the backstage.

"The General Office is doing the last review." CNN said: "At the same time, we have submitted the application to the State Administration of Radio and Television."

"What about public opinion?" Yuan Zongshen looked at the public relations section and asked.

"It is currently in a shocking stage, and it will take several days for public opinion to break out." The public relations officer said: "And the South Korean government will definitely clarify."

"What are you doing?" asked the God of Yuanzong.

"At present, we can only cover the net on a large scale and ask the navy to perform subconscious images." The public relations staff pondered.

"Is there no other way?" asked Yuan Zong Shen: "It was not like this when you blackened the Soviet Union."

"The times are different." Public relations was helpless: "The resources are different, and the time period is still short."

"Then tell me, what resources do you need at least if you black Soviet Union?" Yuan Zongshen asked

"First of all, the official media of a country needs to come forward to criticize South Korea." Public relations began to recall his blackmail to the Soviet Union.

"After that, this kind of official media must put all anti-human behaviors into South Korea," said the public relations officer.

"After that, you can use anime, games, TV series, etc. to shape Korea into a villain, and this anime must be of quality."

Public relations began to guide one by one: "It was even named a masterpiece."

"In this way, the audience can only be immersed in the game experience, rather than tangling with whom they are being hacked," said the public relations staff.

“Will this not be ignored?”

Personnel C asked.

"Of course." The public relations officer nodded: "But as long as we add a little private work to it and press some inhumane actions on the Soviet Union, it will be fine."

"Subtle."

After all, C's person in charge is a professor of human communications and he can tell at once what the problem is.

"That's right." The public relations staff nodded: "What a pity, although Genji Group has money, it doesn't have time."

"In fact, there is another way to quickly get South Korea to accept our conditions." Suddenly, the Minister of Public Relations said.

"What?" the God of Yuan Sect said quickly.

"Because of the black news from the South Korean government and banks, the South Korean stock market is at risk of falling." The Minister of Public Relations pulled the projector down.

"At this time, the Korean stock market was like a car on the edge of a cliff, and a feather was enough to make him collapse." said the Minister of Public Relations.

"How can I make him collapse?" asked the Yuanzong Shen.

"Let Genji sell all bonds from the South Korean government." Public relations minister Moji reflected.

"South Korea's financial cycle is extremely complex and extremely fragile." The Minister of Public Relations explained in a low voice.

The South Korean financial crisis is now about to break out, and South Korea's short-term external debt is currently accumulating rapidly.

How long has the South Korean financial crisis passed in 1997, and a large number of national construction bonds were issued during this period.

Banks in South Korea are the primary financing channel for South Korea's economic development.

In 1997, South Korea's direct financing share was 50.1%, and the equity and debt markets were in a state of underdevelopment.

Because in 1993, the South Korean government relaxed its constraints on short-term external loan claims by banks

This has led to the rapid expansion of the scale of such loans and has formed a maturity mismatch problem in which the real economy uses short-term financing to support long-term investment.

From 1993 to September 1997, South Korea's short-term external loan claims increased from US$40 billion to US$98 billion, equivalent to 54% of the total external debt.

From 1993 to 1996, the ratio of available international storage to short-term debt in South Korea fell from 42% to 29%.

The Minister of Public Relations Department helped him hold his glasses, and Genji Group took the opportunity to seize this opportunity and directly purchased 10% of the construction bonds of the South Korean government.

"It means that if we sell bonds, we can reshape the 1997 South Korean financial crisis?" Yuan Zongshen asked.

"No, we will create the next Great Depression era." The Minister of Public Relations said excitedly.

"South Korea's financial system is quite fragile, and we can definitely put our Genji Group on the throne of the top three chaebols in South Korea this Great Depression."

The problems in South Korea's financial system are mainly reflected in the lack of shopping mall orientation and appropriate supervision.

This makes it difficult to cope with the large-scale inflow of capital after financial liberalization.

Due to historical reasons, the South Korean government has interfered greatly in the financial system.

This not only left a lot of bad debts in banks, but also led to their operations being less market-oriented.

Although South Korea began to promote the process of financial liberalization in the early 1990s.

The government's interference in the financial system, especially the notion of not agreeing to the closure of primary banks or the bankruptcy of the chaebols, remains.

Specifically, the handling levels of South Korea's primary commercial banks are all assigned by the government.

Together, we went through the Korea Development Bank and the Korea Export-Import Bank to raise funds for the Great Chaebol.

In the 1990s, in order to support the high domestic investment rate, the credit scale of South Korea's banking industry continued to expand, with an average annual growth rate of nearly 20%.

However, because there is an open or secret endorsement from the government.

The Korean banking industry has not carried out credibility analysis and risk handling capabilities that match the scale of its business.

This has left the entire banking industry in a situation of excessive danger and lack of capital.

The problems of South Korea's financial regulation are mainly reflected in fragmentation and excessive tolerance.

Financial supervision in South Korea is handled by different departments.

Including the Bank of Korea’s Bank of Korea’s Office of Bank of Korea, the regulatory commercial banks, the Ministry of Finance and Economics, regulatory professional banks and non-bank financial organizations.

Due to the lack of a consistent regulatory structure, regulatory arbitrage and the chances of banks engaging in violations have been greatly increased.

South Korean financial regulatory authorities have a high tolerance for irregular behavior of financial industry practitioners, which leads to opaque regulatory measures and damage to government credibility.

"Then is this useful?" asked the Yuanzong God.

"Of course." The Minister of Public Relations nodded: "This will allow Genji Group to separate its ties because things in Korea are not legal."

And for now, the South Korean chaebol has made large-scale investments driven by policies.

Short-term loan claims by banks that have just relaxed their constraints have become the most popular financing channel.

This led to a jump from 300% to 400% from 1996 to 1997.

It is equivalent to twice the uniform level of economic cooperation and organization during the same period.

What’s even more serious is that the average debt-to-equity ratio of the top 30 chaebols in South Korea rose from 387% to 518% during the same period.

Huge debts incur high interest expenses, which in turn reduces corporate profits.

Make it simpler to be affected by the economic downturn cycle.

Over-reliance of enterprises on bank financing will lead to structural weakness in the enterprise and financial sectors.

On the one hand, banks bear many dangers of corporate loan claims and bond pawns;

On the other hand, companies must rely on the bank's continuous supply of funds to maintain operations.

The damaging results of this problem were revealed as Hanbao Steel went bankrupt.

To reduce losses, South Korea's banking industry began to tighten lending to enterprises.

This further leads to the breakdown and bankruptcy of the company's capital chain.

More banks are tightening their loans and the banking crisis is becoming more and more intense.

"If we do it...what will it lead to?" The God of Yuan Sect was a little moved.

"First of all, the government is breach of trust, and basically all citizens will rush to exchange gold and food." said the Minister of Public Relations.

"Secondly, due to large-scale breach of trust, banks cannot withdraw cash flow and cannot make loans, and a large number of small enterprises in South Korea will go bankrupt."

"How big is the scope?" The God of Yuanzong asked in a simpler way.

"It's probably only South Korea." The public relations officer said: "Japan and Southeast Asia are still in the economic crisis and cannot escape it."

"North Korea is closing its doors to the country, the CIS is in chaos, and military politics is not understood. China is a market planned economy."
Chapter completed!