The Son of Finance of the Great Age

  Chapter 339 Chaos in South Korea (Part 2)

  Kim Dae-jung waved his hand towards the surroundings, and there was a burst of earth-shattering cheers in the square, including Kim Dae-jung's supporters and people who didn't know the truth. Of course, the people who support the New Korea Party are also indispensable, but their booing voices are really weak, and they are basically drowned in the sky-shaking cheers like mud cows sinking into the sea.

  In fact, although he had made wonderful speeches before, Kim Dae-jung's approval rating has been lagging behind that of Lee In-je, another presidential candidate with high voices. Seeing the days of the presidential election approaching day by day, Kim Dae-jung was so anxious that he couldn't sleep or eat, and blisters appeared on the corners of his mouth one after another. During this period, he lost as much as 10 catties.

  For this rally, he originally planned to do so, but he was not sure about the theme of the campaign, the content of the speech, etc., so he didn't rush to hold it. After talking on the phone with Park Hee-rae that day, he had an idea and thought of a method that could mobilize the enthusiasm of the entire Republic of Korea. After repeated research with his campaign team, he finally decided that "we don't buy imported goods", "Unite to save our country" slogans.

   For this reason, he also actively mobilized non-governmental organizations and let them take to the streets to promote and build momentum. As a result, the emperor paid off, and finally the current scene came into being.

   Don’t underestimate the gathering of tens of thousands of people. The entire population of South Korea is only about 21.42 million, and most of them are concentrated around Seoul and its satellite cities. Through the word of mouth of these tens of thousands of people, the opinions of hundreds of thousands or even millions of people can be influenced, which is equivalent to more than 10% of the votes in the presidential election. And in order to expand his influence, Kim Dae-jung also invited three major Korean TV stations: KBS, MBC and Seoul Broadcasting (the predecessor of SBS) to broadcast his event live nationwide.

Seeing that the momentum was almost done, Kim Dae-jung waved his hand to the surroundings again, and pressed down to signal the crowd to be quiet. After the sound had subsided a lot, he went to the microphone, cleared his throat, and used his low and The seductive voice said: "Citizens of the Republic of Korea, hello, I am Kim Dae-jung of the New Politics National Assembly Party."

As soon as the words fell, there was a burst of applause from the audience, and the people who were in charge of creating momentum among the crowd took the opportunity to shout in unison: "Kim Dae-jung! Kim Dae-jung! Kim Dae-jung!" At the same time, the campaign team standing behind Kim Dae-jung also immediately Following up, they also raised their right hands with hair ties, waved to the sky, and shouted loudly: "Kim Dae-jung! Kim Dae-jung! Kim Dae-jung!"

Under the leadership of this kind of echoing from top to bottom, other people in the square were quickly infected, and unconsciously shouted: "Kim Dae-jung! Kim Dae-jung!" The whole square was filled with such voices, high-pitched. Loud and uniform, as if it had been pre-rehearsed.

Conscience of heaven and earth, there was no rehearsal for this rally, and even Kim Dae-jung himself was unexpected about this kind of scene, but he listened to the neat voices below, and the faces distorted due to over-excitement. Naturally, he was very satisfied and waved again and again, as if he had become the president.

After a full two minutes, Kim Dae-jung waved his hand, stopped the shouting below, and said loudly: "Today, our country - the Republic of Korea has fallen into a serious economic crisis. I believe you have already begun to feel the impact of the environment. The difference: frequent business closures, mass layoffs in factories, salary decreases instead of increases, and government inaction!"

  The sonorous and powerful parallel sentence immediately caused a burst of applause from the square. In the past few months, the people of South Korea have indeed felt that the economic winter is coming. In addition to the news of corporate bankruptcy, the salaries of the working-class workers who have managed to keep their jobs have also been affected. In addition to these, due to The inflation caused by the depreciation of the Korean won also made them miserable. Although this kind of inflation is not that serious, it does not prevent them from being angry.

"Why do I say that the government is doing nothing? According to the news I got, just a few days ago, officials negotiating with the International Monetary Fund were still haggling over whether to save those **** banks. You must know the root of these problems today. Part of it is caused by these banks. It is a serious dereliction of duty, a crime, and an unforgivable act by the government to protect the lives of capitalists and ignore the lives of us citizens!"

  Kim Dae-jung's words were astonishing, and he first aimed his guns at the capitalists who had financial problems, which undoubtedly greatly won the favor of ordinary people. For ordinary people, they don't know what the truth of the matter is, and they don't plan to get to the bottom of it. They just need to cast a scapegoat and find someone to vent their anger on.

Amidst the noisy voices, Kim Dae-jung changed the subject and asked the public to support these banks: "Citizens of the Republic of Korea, I sincerely hope that everyone can put aside prejudices and join hands to tide over the difficulties. If we Koreans send If you rely on foreign institutions and cannot save yourself, then there is no hope for this country."

  Using the arrogant and paranoid self-esteem of Koreans is a strategy that Kim Dae-jung had planned long ago, and this trick has been tried and tested. In fact, South Korean politicians like to use this trick, and some of them are even brazen enough to boast that South Korea is the center of the world and the birthplace of human civilization.

Kim Dae-jung did not do this. He first criticized the current South Korean government, and then mobilized public opinion: "Although the International Monetary Fund can provide funds to solve the Korean won problem, the key is the people of the Republic of Korea. Only we can do it ourselves." Save yourself. They, no way!" At this point, he pointed in the direction of the Blue House, blatantly indicating the current president and his economic team.

"So I echo the people of the Republic of Korea to unite and unite to save our own economy. First, put foreign currency in the bank and support our now crumbling banking system, because if they don't, they will fail very quickly, At that time, more companies will go bankrupt, and the harm will be ourselves. Secondly, I hope that everyone can actively donate gold, silver and other items. Only these hard currencies can truly support our Republic of Korea. own currency."

However, different from expectations, the cheers were not so enthusiastic this time. It is obvious that Kim Dae-jung had just criticized the capitalists in South Korea, but now he immediately asked ordinary people to support these consortiums. Confusing.

  The audience was silent, and there were whispers one after another, but soon a voice shouted: "Liar! Kim Dae-jung is a liar!" Although no one echoed, many Kim Dae-jung looked at the stage with obviously unfriendly eyes.

"No! You're wrong, I'm not a liar!" Seeing that the effect of his words had been achieved, Kim Dae-jung immediately stood up and said, "Some people may say, why do I ask everyone to deposit money to those **** to open the bank?" What about the bank? If the banks of those **** are closed, wouldn’t all of us lose all our money?”

Seeing the nods of the following blockbuster, Kim Dae-jung was even more satisfied. It seemed that the audience had completely fallen into the trap he set in advance, so he continued: "That's right! I hate those **** too! Those nasty guys spend their days and nights without caring Our life and death! But we, we are the citizens of the Republic of Korea, the masters of this country, and we cannot disregard the life and death of our country."

"If the banking system fails, the businesses that depend on the bank will fail. As a result, we will lose our jobs and have no wages. Although we have temporarily received deposits, we will still be endangered in the end. This is One of the reasons why I want you guys to bank your foreign currency."

"In addition, if I become president! I mean if! I will try my best to protect everyone's deposits and ensure that every penny you keep in the bank will not be lost, and will not let the citizens who really support this country Lost a penny of hard-earned money!"

  After the promise was made, the emotions on the square were mobilized again. After receiving the promise, the encouraged people shouted loudly again: "Kim Dae-jung! Kim Dae-jung! Kim Dae-jung!"

   I have to say that Kim Dae-jung’s strategy is very ingenious, combining support for national actions and running for president, making people think that as long as he is elected president, he will guarantee everyone’s interests. But in fact, if the banking system is to be rescued, the government will still have to pay taxes from the people. This is the so-called "take from the people and use to the people".

Taking advantage of the rising public sentiment, Kim Dae-jung went on to criticize the representatives of the South Korean government who are currently negotiating with the IMF: "Those damned guys, regardless of the lives of the people now, are willing to lose the entire economy of the Republic of Korea for the sake of one or two banks that are about to die. What we want now is to let some banks that have problems go bankrupt, go to the end, and then everyone deposits money in those banks that have no problems. We can't let these **** consortiums hijack our economy, and we can't let the current The government betrayed us, we must unite and save our own economy!"

  As he raised his arms and shouted, everyone shouted enthusiastically: "Unite and save our economy!"

  …

Soon, this kind of voice reached the ears of the delegation that was negotiating with the IMF. Under the strong pressure, Lin Changlie could only give up the strategy he had been insisting on before, and instead agreed to let some problematic banks be liquidated first. Lin Changlie refused to budge from the "chaebol" (big enterprise) solution.

  On December 2, in line with Lin Changyeol's measures, the Ministry of Finance and Economics of South Korea ordered nine problematic securities banks to suspend operations until the end of the year for rectification, and propose a recovery plan while changing the management, otherwise their licenses will be revoked.

  Following the South Korean government's series of responses, Kim Dae-jung's popularity among the people has reached its peak. Ordinary people believe that Kim Dae-jung may be the one who can solve the current economic difficulties. Polls show that Kim Dae-jung is also under investigation at this time, surpassing the previous most popular Lee In-je in one fell swoop, becoming the latest candidate who may be admitted to the Blue House.

The market, on the other hand, reacted extremely pessimistically to the South Korean government and a series of financial rectification measures. Previously, analysts believed that if South Korea accepted the conditions of the IMF, the South Korean won would suffer a major setback in the short term. around won. As a result, on this day, before the South Korean government rectified some securities banks, these expectations reached their peak, and the Korean won fell to the level of 1,260 won to the US dollar in one fell swoop. If there is no good news that an agreement with the IMF is imminent, I am afraid that the Korean won will continue to trade. fall.

   On December 3, after a week of arduous negotiations, the South Korean side finally reached an agreement with the IMF to save the Korean economy with a total amount of up to 55 billion U.S. dollars. The content of the agreement includes strengthening fiscal and monetary policies, deepening reform of the financial industry, liberalizing trade and capital circulation, and improving institutional management of chaebols.

Under the watchful eyes of everyone, the three most popular presidential candidates including Kim Dae-jung also participated in the signing of this agreement, because South Korean President Kim Young-sam will leave office in February next year, and the IMF needs the current presidential candidate to promise a loan In the end, the three presidential candidates had no choice but to bite the bullet and sign the letter of commitment. So far, the Korean financial crisis has finally come to an end. The South Korean won also rose slightly, closing at 1,196 won to the dollar on the day.

  (end of this chapter)