NOVEL WEB The youngest son of the chaebol family, Mo Hyun-min
Chapter 114
"President Chen, since you said so. Then I might as well say a few honest words to you. Wu Shixian looked at Chen Huarong in front of him, and said with a somewhat serious expression, "In the country of sticks, there is no precedent for a woman to take charge of a chaebol, even if we help you to the top, it will inevitably cause many people's dissatisfaction and opposition." And do you really have the power to overwhelm everyone who opposes you? Including your eldest and second brothers? "
“...... I can! When Chen Huarong heard Wu Shixian's question, his heart suddenly felt a little weak. She had also considered this before, the status of women in the country of sticks is generally lower than that of men, and they want to sit in high positions unless they are strong enough and have the support of big people behind them.
However, she was greatly stimulated and could not care so much, she was unwilling, obviously she worked hard to run Shunyang Department Store, and her annual revenue continued to grow. And just a sentence from Chen Yangji, he has to take out half of his revenue to fill the mess left by Chen Yongji, why, just because he is the eldest son and will inherit Shunyang in the future, he himself does not have to take responsibility? She wasn't convinced!
"President Chen, I do have a proposal. Instead of trying hard to fight for the position of the chairman of the Shunyang Group, it is better to focus on making Shunyang Department Store bigger! Wu Shixian suddenly put forward a new suggestion, "With the strength of Shunyang Department Store now, coupled with the help of our Miracle Group, it is not difficult to become the first in the retail industry in Bangzi Country." At that time, we will accumulate enough funds and develop horizontally, and we can become a new group like when we annexed Hanjin Shipping and Hanjin Land Transport! "
“...... Is it really possible? Chen Huarong was a little dumbfounded, developing Shunyang Department Store into a new group? With her strength, is this guy Wu Shixian sure that he is not joking with her?
"Of course you can! You might as well reveal it to President Chen. According to the information we have received, there will soon be financial predators on Wall Street to launch a sniper attack on the stick country! According to the situation of the previous Tai Kingdom, I speculate that the stick country is likely to be unable to resist! At that time, those heavily indebted companies and even chaebols are likely to face bankruptcy. And this is not only a disaster, but also an opportunity! Wu Shixian said meaningfully.
Since Chen Huarong, this woman, is so ambitious, then according to the previous orders of the boss Chen Daojun, help her up and let her fight with the two brothers of the Chen family. They can also use the excuse of Shunyang Department Store to secretly control more companies and even chaebols, so as to achieve the grand goal of swallowing the wealth of the whale country and building a business empire.
This time, the Miracle Group's sale of stocks and assets attracted the attention of the official people of the Stick Country, making them understand that the Miracle Group has now reached a scale, but if there is a little wind, it will attract the attention of all parties. In order to be able to act conveniently in the future, it will be much easier to act with a few more "trumpets".
In the end, Chen Huarong still chose to cooperate with Miracle Group to build Shunyang Department Store into a new chaebol, and she wanted to make her father Chen Yangji regret his previous decision!
......
—————— dividing line————————
On Wall Street, the Quantum Fund has begun to make big moves again. It's still a familiar formula and a familiar method, but this time the target of the sniper is not Tai Guo, but the stick country, one of the "Four Asian Tigers"! The senior management of the Quantum Fund, who was originally a little hesitant, learned that several overseas creditors of the Stick Country had forced debts to the Stick Country, and the Quantum Fund no longer hesitated, and directly gathered a group of allies to start shorting the won.
Originally, he was still negotiating with the Sun Country, trying to repay part of the loan first, and repay the rest in installments. It's just that before an agreement has been reached with the Sun Country, shocking bad news has come first! International speculators, led by Soros and the Quantum Fund, began to frantically sell the won, continuing to hit the fixed exchange rate of the won and the dollar.
The international futures market has also received a large number of bearish futures contracts for Korean won in a short period of time. The official representative of the Sun Country, who was still fighting with the stick country, did not say anything more, and took part of the loan repaid by the stick country and slipped away. If you don't take this loan now, God knows if the country of sticks can still get it later!
......
Sensing the menacing of international speculators, the stick country also tried to resist stubbornly, but soon they found that the other side mobilized too much money, and with the help of a large number of loans and leverage, the remaining foreign exchange reserves of more than 30 billion US dollars in stick countries were quickly consumed by more than half. At this time, the overseas creditors such as the Sun Country and the Beautiful Country did not forget to pour salt on the wounds, for fear that the government of the country of the stick would collapse by international speculators and completely have no money to pay back.
In this case, foreign capital that perceives that it is not good has sold the assets of the stick country in their hands, and even exchanged the Korean won held into the international currency US dollar, the exchange rate of the won has plummeted due to the economic impact, and the South Korean government needs to use foreign exchange to rise, and most of it is exchanged by foreign capital, and South Korea's foreign exchange will soon bottom.
And without the support of the government, the won soon could not bear the pressure and completely collapsed, and all the people of the stick country did not expect that the stick country, which was thriving the year before, would go bankrupt in less than a year! It's like dreaming! It was not until the official representative stood in front of the stage on TV to announce that the debt crisis of the stick country broke out, the country was unable to pay, and the news that the country declared bankruptcy was broadcast, that everyone believed this bad news!
The depreciation of a bankrupt currency is good for exports, but rapid depreciation, a sharp decline in the value of goods, and inflation, also causes inflation. In less than a month, as exports were affected, factories were shut down on a large scale, many people were already facing unemployment, life was unsustainable, and prices soared under inflation, making people even more desperate. The government of the stick country,
which found that the situation was getting worse, asked the IMF for help, but the other side put forward some extremely harsh requirements, including taking a stake in a number of large enterprises in the stick country, more stringent military stationing, and at the same time carrying out reforms according to the design of the IMF organization, which directly controlled the economic lifeline of the stick country. How could the stick country
, which prides itself on having dignity and backbone, agree to such a humiliating aid condition, and the representative of the stick country directly rejected the IMF. The immortal stick country turned to the neighboring Sun Country for help with a faint hope, but where would the Sun Country, which has realized that international speculators are menacing, dare to come out and pack garlic? The turtle shrunk in the four islands and refused to come out at all.
......
Miracle Group, remote video conference room.
"Chen, this time the Quantum Fund Sniper Stick Country led by Soros is too sudden, and it was too late for us to follow up, and we didn't make more profits." Eric said a little frustrated in front of the camera.
"It doesn't matter, didn't we also snipe at Ferubin and Indonesia alone before? There are still countries that can snipe, and we still have a chance! Chen Daojun has long been prepared for Soros's successful sniper of the stick country, after all, the stick country with only more than 30 billion foreign exchange cannot withstand the crazy shorting of so many foreign capitals, and the collapse is only a matter of time.
“...... I can! When Chen Huarong heard Wu Shixian's question, his heart suddenly felt a little weak. She had also considered this before, the status of women in the country of sticks is generally lower than that of men, and they want to sit in high positions unless they are strong enough and have the support of big people behind them.
However, she was greatly stimulated and could not care so much, she was unwilling, obviously she worked hard to run Shunyang Department Store, and her annual revenue continued to grow. And just a sentence from Chen Yangji, he has to take out half of his revenue to fill the mess left by Chen Yongji, why, just because he is the eldest son and will inherit Shunyang in the future, he himself does not have to take responsibility? She wasn't convinced!
"President Chen, I do have a proposal. Instead of trying hard to fight for the position of the chairman of the Shunyang Group, it is better to focus on making Shunyang Department Store bigger! Wu Shixian suddenly put forward a new suggestion, "With the strength of Shunyang Department Store now, coupled with the help of our Miracle Group, it is not difficult to become the first in the retail industry in Bangzi Country." At that time, we will accumulate enough funds and develop horizontally, and we can become a new group like when we annexed Hanjin Shipping and Hanjin Land Transport! "
“...... Is it really possible? Chen Huarong was a little dumbfounded, developing Shunyang Department Store into a new group? With her strength, is this guy Wu Shixian sure that he is not joking with her?
"Of course you can! You might as well reveal it to President Chen. According to the information we have received, there will soon be financial predators on Wall Street to launch a sniper attack on the stick country! According to the situation of the previous Tai Kingdom, I speculate that the stick country is likely to be unable to resist! At that time, those heavily indebted companies and even chaebols are likely to face bankruptcy. And this is not only a disaster, but also an opportunity! Wu Shixian said meaningfully.
Since Chen Huarong, this woman, is so ambitious, then according to the previous orders of the boss Chen Daojun, help her up and let her fight with the two brothers of the Chen family. They can also use the excuse of Shunyang Department Store to secretly control more companies and even chaebols, so as to achieve the grand goal of swallowing the wealth of the whale country and building a business empire.
This time, the Miracle Group's sale of stocks and assets attracted the attention of the official people of the Stick Country, making them understand that the Miracle Group has now reached a scale, but if there is a little wind, it will attract the attention of all parties. In order to be able to act conveniently in the future, it will be much easier to act with a few more "trumpets".
In the end, Chen Huarong still chose to cooperate with Miracle Group to build Shunyang Department Store into a new chaebol, and she wanted to make her father Chen Yangji regret his previous decision!
......
—————— dividing line————————
On Wall Street, the Quantum Fund has begun to make big moves again. It's still a familiar formula and a familiar method, but this time the target of the sniper is not Tai Guo, but the stick country, one of the "Four Asian Tigers"! The senior management of the Quantum Fund, who was originally a little hesitant, learned that several overseas creditors of the Stick Country had forced debts to the Stick Country, and the Quantum Fund no longer hesitated, and directly gathered a group of allies to start shorting the won.
Originally, he was still negotiating with the Sun Country, trying to repay part of the loan first, and repay the rest in installments. It's just that before an agreement has been reached with the Sun Country, shocking bad news has come first! International speculators, led by Soros and the Quantum Fund, began to frantically sell the won, continuing to hit the fixed exchange rate of the won and the dollar.
The international futures market has also received a large number of bearish futures contracts for Korean won in a short period of time. The official representative of the Sun Country, who was still fighting with the stick country, did not say anything more, and took part of the loan repaid by the stick country and slipped away. If you don't take this loan now, God knows if the country of sticks can still get it later!
......
Sensing the menacing of international speculators, the stick country also tried to resist stubbornly, but soon they found that the other side mobilized too much money, and with the help of a large number of loans and leverage, the remaining foreign exchange reserves of more than 30 billion US dollars in stick countries were quickly consumed by more than half. At this time, the overseas creditors such as the Sun Country and the Beautiful Country did not forget to pour salt on the wounds, for fear that the government of the country of the stick would collapse by international speculators and completely have no money to pay back.
In this case, foreign capital that perceives that it is not good has sold the assets of the stick country in their hands, and even exchanged the Korean won held into the international currency US dollar, the exchange rate of the won has plummeted due to the economic impact, and the South Korean government needs to use foreign exchange to rise, and most of it is exchanged by foreign capital, and South Korea's foreign exchange will soon bottom.
And without the support of the government, the won soon could not bear the pressure and completely collapsed, and all the people of the stick country did not expect that the stick country, which was thriving the year before, would go bankrupt in less than a year! It's like dreaming! It was not until the official representative stood in front of the stage on TV to announce that the debt crisis of the stick country broke out, the country was unable to pay, and the news that the country declared bankruptcy was broadcast, that everyone believed this bad news!
The depreciation of a bankrupt currency is good for exports, but rapid depreciation, a sharp decline in the value of goods, and inflation, also causes inflation. In less than a month, as exports were affected, factories were shut down on a large scale, many people were already facing unemployment, life was unsustainable, and prices soared under inflation, making people even more desperate. The government of the stick country,
which found that the situation was getting worse, asked the IMF for help, but the other side put forward some extremely harsh requirements, including taking a stake in a number of large enterprises in the stick country, more stringent military stationing, and at the same time carrying out reforms according to the design of the IMF organization, which directly controlled the economic lifeline of the stick country. How could the stick country
, which prides itself on having dignity and backbone, agree to such a humiliating aid condition, and the representative of the stick country directly rejected the IMF. The immortal stick country turned to the neighboring Sun Country for help with a faint hope, but where would the Sun Country, which has realized that international speculators are menacing, dare to come out and pack garlic? The turtle shrunk in the four islands and refused to come out at all.
......
Miracle Group, remote video conference room.
"Chen, this time the Quantum Fund Sniper Stick Country led by Soros is too sudden, and it was too late for us to follow up, and we didn't make more profits." Eric said a little frustrated in front of the camera.
"It doesn't matter, didn't we also snipe at Ferubin and Indonesia alone before? There are still countries that can snipe, and we still have a chance! Chen Daojun has long been prepared for Soros's successful sniper of the stick country, after all, the stick country with only more than 30 billion foreign exchange cannot withstand the crazy shorting of so many foreign capitals, and the collapse is only a matter of time.
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