Rebirth: Japanese investor

   Chapter 618 Bank of Korea

When the    team arrived, Kishimoto Masayoshi walked into the new hotel that Hideaka Sato decided to replace. A man who has experienced big storms and waves, doesn't care about some small storms at all.

   After Masayoshi Kishimoto entered his suite, he still habitually stood in front of the floor-to-ceiling glass windows and looked at the city while thinking about problems.

  The national character of Koreans is stunned, ruthless and impulsive. It can be seen from the Korean law.

  The first time a Korean kills someone, they will not be sentenced to death. Usually, they are sentenced to 12 years in prison. In the eyes of many people, killing a person is so lightly sentenced that it is a criminal's paradise.

   In fact, it is precisely because of the impulsive national character of Koreans that they think that the responsibility cannot be entirely attributed to the behavior of the Koreans, but is caused by the genes of the Koreans.

  This is different from the forbearance in the Japanese national character. Also don't make the mistake of thinking that after being sentenced by a judge for only twelve years, he will come out and be freed soon after.

  The credit system of Korean society is also quite perfect. If a person's resume has blemishes, especially serious blemishes, he will truly experience the ruthlessness of Korean society, and life is better than death.

   A murderer like this one, who was sentenced to 12 years and released, cannot be washed away in his life. Looking for a job, as long as it's right, it won't work. To live, one must have a job.

   Applying for a credit card, guaranteeing for others, etc., do not count. To a certain extent, personal credit is already completely bankrupt.

  South Korea is an export-oriented economy. Its own economic development mainly depends not on domestic demand, but on exports.

  Once the world economy weakens or there is a foreign trade friction with a major state-owned country in the world, it will immediately negatively affect the growth rate of the domestic economy, and will directly make ordinary Koreans in some related industries feel the pressure of possible unemployment.

   Masayoshi Kishimoto flew all the way from Tokyo, Japan to Seoul, South Korea this time, definitely not for sightseeing. His only purpose is to make money.

   In this year, South Korea will have a credit card crisis. This crisis will directly push 4 million Koreans into poverty.

  How can I make a profit? The reason is very simple, short the Korean financial market, especially the banking sector with credit card issuance business.

  Small banks are useful for small banks, that is, the hard gold banks under the hard gold group can have a foothold in South Korea.

   However, it is not feasible at present, after all, the leapfrog tactics developed by him have not been fully established in major cities in Japan.

   It doesn't make much sense to start a small bank in Korea by yourself. They will be mired in the quagmire of this credit card crisis, and even go bankrupt.

   The targets he wants to short are at least the top-ranked big banks in South Korea. Its target is the Bank of Korea.

   This is quite a copy of Soros's attack on the Bank of England, the Bank of England. He is attacking the Bank of Korea, the Bank of Korea.

   Soros is shorting the pound, and he is making a big fuss about the credit card field, which is aimed at several big banks in South Korea.

  The Korean generation is the most unlucky generation. The rise of South Korea's economy was marked by the 1988 Seoul Olympics.

   However, in 1997, South Korea was hit by the Asian financial crisis and was hit hard. After five years, the credit card crisis will break out in its own country.

   During this period, banks competed excessively in the credit card field, and in order to acquire customers, they lowered loan interest rates to each other.

   For example, a cardholder can use a second card to get cash to pay off the first card after 30 days in arrears, creating a vicious circle.

  Compared with 2000, the credit card market in South Korea increased by 40.5% in 2002, and the credit card credit increased sharply, which implied huge risks.

   In the second half of 2002, the delinquency rate of cash loans rose sharply, and bad debts increased. In September 2003, the total number of credit cards in South Korea exceeded 100 million, the credit balance exceeded 100 billion won, and the number of people with bad credit exceeded 3 million, accounting for 18% of the economically active population at that time.

   In 2008, another financial crisis swept the world. Therefore, by around 2020, the poverty rate of the elderly in South Korea will be as high as 50% or more, that is, one of the two elderly people will be in poverty.

  In order to survive, many elderly women, even if they are in their 60s and 70s, will use parks and other places to sell spring activities.

   As for many men, they either choose to commit suicide or continue to work, also known as silver-haired people. They like to work as a courier. As for competitiveness, it is that people of their age take public transportation such as subways for free.

   This generation of Koreans has not lived a good life brought about by economic development, and they have all grown up one by one. After they became adults, they encountered financial crises one after another.

   They are faced with the difficulty of finding a job together. It was hard to find a job, but because of the low income, I couldn't save much money, and even hastily invested the money in the financial market, resulting in loss of money and a lot of debt.

   South Korea's low fertility rate is also because too many ordinary Koreans saw the difficult life of their parents and grandparents, and decided not to have children.

   Even if he has a child, he will not be able to count on him in the future. After all, even he is not doing well, and his family is living a difficult life.

  The whole set of Confucian culture constructed by Korean society has begun to completely disintegrate. One-person households are increasing day by day.

   As a result, the actual ratio of legal and illegal women selling **** in Korean society is higher than in Japan.

   Korean women have more demands than Chinese women on the money of the other half of the marriage partner, on his house, on his job, and so on.

  The brutality of the Korean college entrance examination every year also stems from various pressures in reality. Only if they are admitted to SKY University, that is, Seoul National University, Korea University, and Yonsei University, will they be regarded as adults.

  Because it will directly affect your future life direction, employment, marriage and so on. They refer to the upper middle class in Korean society.

  People who are not graduates of SKY University, even if they are admitted to the civil service after untold hardships, they will not be able to climb up. Don't even think about being able to enter Samsung, LG and other big Korean companies as a full member.

   Just a single rent in Seoul or Busan can put a lot of pressure on ordinary people. The population of these two cities accounts for half of South Korea's 50 million population.

  The solidification of social class in South Korea is more severe than that in Japan. It is not an exaggeration to use hereditary directly. South Korea is not only a patriarchal society, but also a country with strict hierarchy.

   (end of this chapter)