Reborn Tech Maniac

Chapter 930 This Is Called Responsibility
……

The "donation movement" triggered by the two first-generation Korean national goddesses created by the richest man in South Korea was able to "rise up" and become vigorous at once, of course, because the initiators accurately grasped the situation.

At this stage, the foreign exchange reserves of South Korea, the leader of the "Four Asian Tigers", are pitifully less than 40 billion US dollars. Faced with the precarious economic collapse, it will not be able to get enough of it, unless it dares to declare sovereign debt default, But the question is, does such a wonderful existence that does not even control the wartime command in military sovereignty have the courage to pay the corresponding cost?
Having gone through the United States and Ibon, which should be hard-core allies, indifferently refusing to lend a helping hand, and can only bow down to the International Monetary Fund, South Korea can be said to have experienced the cruelty of the world.

Under such circumstances, although the so-called "donation campaign" is more or less tragic, and it is difficult to say how much it can increase foreign exchange reserves, it is valuable in that it can renew Concentrate the energy and energy lost after the spine was broken.

Kim Dae-jung, who won the South Korean presidential election on December 12, and his wife, participated in this sudden "donation campaign" and donated gold jewelry collected at home.

The new South Korean president is so "fighting", how can the "donation campaign" not respond to everyone!
How can the two female artists not be embraced as national goddesses with such a good understanding of the general situation!

When Kim Dae-jung, the president-elect of South Korea, met with the richest man, he made two points clearly:

First, South Korea wants to follow the development path of building a country with science and technology, and raise the development of information technology to the status of national strategy—it even stated bluntly, "I hope I will become the president who revitalizes the IT industry."

Second, South Korea will also vigorously develop the cultural industry and make an important contribution to Korean culture entering the global stage—so after taking office, one of his specific measures is to increase the financial budget of the cultural department and raise the current level to the level of the government. one percent of the total budget.

Obviously, the first point is Tang IT's old business; the second point is also Tang Daheng's strong point.

From the perspective of the richest man who actively responded to the expectations of the president-elect--for South Korea, Kim Dae-jung's life is equivalent to a condensed modern history of South Korea. The opponent known as "Korean Mandela" has a great appetite for Western politics, and has a good relationship with those forces that emphasize political correctness.

On this basis, Kim Dae-jung succeeds Kim Young-sam, who has almost handled the "inviting people to scold" matter, and tries his best to turn the tide of South Korea's economy. There is no big problem.

After all, the experienced International Monetary Fund has already prescribed the "prescription". If the issue of "traitorism" is not considered, it should still be effective. Moreover, South Korea is next to the huge Chinese market, which is getting closer and closer to each other. .

It has to be said that the general trend is the general trend-the two business cards of South Korea a few years later in time and space have already been designed at this time.

In the face of Kim Dae-jung's kindness, the richest man cautiously stated that he would try to participate in the reconstruction process of South Korea's finance, manufacturing and other fields in addition to the two major industries of IT and culture.

For this reason, Tang Huan also looked curiously at how Daewoo, who is said to be the third largest chaebol in South Korea at this stage, is going further and further on the dead end.

Kim Woo-jung, who single-handedly created this giant, still firmly believes in the myth that "Malaysia will never die"—under the raging Asian financial turmoil, other chaebols have shrunk their fronts and made internal adjustments to deal with the crisis. Jin Yuzhong, however, still regards expansion as the only truth, regards the crisis as a good opportunity for acquisition and expansion, and frantically "leverages management", and the accumulation of short-term debt crises is like a pile of eggs.

The richest man naturally has no time to care about the life and death of Jin Yuzhong and Daewoo. What he is really interested in is the factories invested by Daewoo in mainland China, which are attractive high-quality assets within the shaky Daewoo system.

You must know that China is about to usher in another round of infrastructure construction peaks, and Daewoo's construction machinery business will also take advantage of this opportunity to make a fortune.

How to achieve the goal gracefully is a test of wisdom—or, in the form of a debt-to-equity swap, give a little loan to Jin Yuzhong, who is looking around for money with red eyes?
When the richest man was still not forgetting to calculate during the break, Li Ying'ai and Shen Yinhe came hand in hand, and excitedly announced a piece of news.

Kim Dae-jung personally met the two daughters, praised them highly, and invited them to serve as ambassadors of the South Korean tourism industry, and even discussed the feasibility of participating in the filming of tourism promotional videos in person - it is rare for a president of a country to do so personally.

The richest man just smiled gently, "The two national goddesses must also be prepared to participate in the production of large-scale investment in film and television."

Shen Yinhe, who has a relatively aggressive temper, said carelessly: "In front of you, I don't dare to take the title of national goddess—after a while, we will not be at your mercy."

The richest man laughed, "There is no need to be modest—in fact, I also like the goddess of the nation."

……

Tang Huan stayed in South Korea for a little longer this time, the main reason being that there were many things to do.

After all, although the acquisition of shares in Samsung Electronics was something that Li Jianxi and him could settle after a game of ball games, it still took a lot of work to implement it in detail.

More importantly, through the evaluation, Mr. Richest Man is convinced that South Korea's current collapsed economy will recover quickly in the future, and he does not want to be like those international speculators who only suck the bones in the financial field-Tang Huan prefers to buy bottoms. Also gain prestige.Therefore, he secretly has a great interest in South Korea's industrial field, especially high-quality investment in China.

With this purpose in mind, Mr. Richest Man naturally paid close attention to the Korean political arena—witnessed that Kim Dae-jung finally won the general election, and actively interacted with the candidate president.

Among the many achievements achieved by the two, the capital injection into Samsung Electronics has undoubtedly become the most eye-catching and most anticipated item in terms of IT; the second is the Internet.

Of course, Tang Huan also has practical actions in the cultural field advocated by Kim Dae-jung. For example, in addition to continuing to promote the film and television production of Li Yingai and Shen Yinhe, the two Korean national goddesses he created, he also regards South Korea as a place for video game competition. breakthrough.

It just so happens that the real-time strategy game "Fengshen" expansion pack "Forsaken" is currently on sale worldwide, and Shen Yinhe participated in the filming of the promotional film, and further related promotion work including professional competitions, live TV broadcasts, etc., can be said to be a matter of course.

The richest man also personally clarified some misunderstandings caused by ordinary people's habits for electronic game competitions at the media briefing.

The first point to be emphasized is, of course, that video game competition is not about playing games—take the real-time strategy game "Fengshen" as an example, the entire battle process is similar to Go, full of game wisdom.

The quality requirements for players participating in video game competitions are also not as simple as it is taken for granted - in addition to a flexible mind, they must also have a good body, otherwise it will be difficult to cope with the mental and physical exertion of the fierce confrontation process.

Although electronic game competition is still a new thing, EA has explored for so many years and has mature routines.

However, the cultural and entertainment industry cannot do without two things, one is the story, the other is the star, which is the basis of appeal—sometimes sports are also classified into this category, which seems incomprehensible, but according to these two Compared with the football league with the most commercial value in the world, isn't that the case with the grievances between giants, intra-city derbies, and superstars.

At this stage, South Korea, which is fighting to the death, wants to vigorously develop the cultural industry, which is equivalent to giving the development of electronic game competitions a rare growth soil in the world; and "Fengshen", the world's best-selling real-time strategy game, has never been There is a lack of stories; as for celebrities, first let Shen Yinhe, the national goddess who is at the mercy of the richest man in Tang Dynasty, come out and act like a baby, and then many Korean teenagers will be able to actively participate; the next step is to rely on financial support for wider social recognition and worked solidly.

Mr. Richest Man came forward to coordinate the project, and of course the effect was extraordinary—the video game competition of the real-time strategy game "Fengshen" kicked off in the upcoming spring school season of 1998, and a live TV channel was also set up for it.

……

After attending the engagement ceremony of Li Jianxi's eldest son Li Zairong, who had a lot of harvest, Tang Huan was planning to take the old Si Jinliang, who was praised as a pair of young couples with Yin Xin at the banquet, back to the United States. A piece of news reported by Xiangjiang made him temporarily change his mind.

Compared with the losers including Siam and South Korea, Xiangjiang, which has successfully defended, can only maintain the linked exchange rate system of 7.8 Hong Kong dollars to 1 U.S. dollar. As for the stock index, futures index, and even real estate, it is also inevitable. The land plummeted, causing numerous bankruptcies.

Among them, there is a securities company that is about to go bankrupt - Peregrine Investment, which has attracted the attention of the richest man.

The history of Peregrine can be traced back to 1988. Liang Botao, who has now won the title of "father of red chips", and the British Du Huilian, who was his boss when he was working at Citicorp Bank, raised 3800 million US dollars. , a joint venture; at that time, with the support of many wealthy Chinese including Li Bancheng, Rong Zhijian, and Hu Yingxiang, the business continued; Acquired 2.26% of the shares of Guangshenghang founded by Feng Futian, and then acquired Taisheng International from Xiang Zhiqiu as the flagship company, thus laying the foundation for the current Peregrine; by 30, the total assets had reached 1992 billion Hong Kong dollars, and the scope of business has also expanded to the entire Asia-Pacific region, as well as Europe and the United States.

Taking advantage of the rapid development of Shanghai City and the urgent need for funds after Chief Deng Deng’s tour to the south in 1992, Peregrine started from assisting Shanghai City Industrial Co., Ltd. to be listed in Hong Kong, which led to the “red chip fever” of Xiangjiang—the succession during this period Among the last 60 or so "red chip stocks", 39% of them were sponsored by Peregrine or as the underwriter of the allotment; among the 7 H shares, Peregrine also underwrote [-].Liang Botao, managing director of Peregrine, also won the title of "Father of Red Chips".

By 1996, Peregrine's turnover was as high as HK$1755 billion, while in the same year, Merrill Lynch's turnover was HK$1678 billion, and Lehman Brothers' turnover was HK$1051 billion-this made Peregrine one of the few in Asia. The investment bank is the only Hong Kong-funded investment bank in Hong Kong, an international financial center, that can really be compared with Wall Street at this stage.

But don't get me wrong, Peregrine's brilliant performance is achieved by underwriting "red chip stocks"-not to mention whether it can earn so much, if it is really so honest, it may not necessarily go bankrupt now.

The secret to its stellar performance lies in the fixed-income bond unit Peregrine formed in 1994 and the executive it hired from Lehman Brothers named Andre Lee.

Andre Lee is a Korean-French hybrid born in Canada. He is a capable person in the securities field. He is described as "able to sell snow to Eskimos".

As a result, Andre Lee and Peregrine quickly established a junk bond market for Asia in the past few years-junk bonds were played by the United States in the 1980s. In addition to being fined hundreds of millions of dollars, Michael Milken "Wang" was also imprisoned, but in Asia, he has a living space at the right time, which can be regarded as a kind of information asymmetry.

From 1994 to 1996, Peregrine's performance increased by 6 times; also in 1996 when Peregrine beat Merrill Lynch and Lehman Brothers, one-third of Peregrine's operating profit came from Andre · Junk bond department headed by Lee.

That's a good saying, if you often walk by the river, you can never get your shoes wet. Once the Asian financial turmoil hit, Peregrine messed up.

Its biggest failure was that, in order to obtain the underwriting rights of a junk bond of an Indonesian taxi company, it provided the other party with an unsecured loan of 2.6 million U.S. dollars. As a result, when the financial turmoil came, the exchange rate of the Indonesian rupiah to the U.S. dollar fell from 1: 5000 plummeted to 1:11000, and lost everything.

Coupled with such losses in other areas, Peregrine's cash flow will be cut off, and it will be very difficult to find foreign aid. It is really not far from death.

Zhuang Menghua, who is based in Xiangjiang, suggested: "If you follow your plan and participate in the defense of Xiangjiang's linked exchange rate next, then Peregrine may be a good resource undertaking camp that is safely isolated from Qinhe first department."

In this way, the richest man came to Xiangjiang again after more than two months after receiving the award from the Great Bauhinia.

Silicon Valley No. [-] is too conspicuous. As soon as it landed at Kai Tak Airport, which is about to end its historical mission, the Hong Kong media was moved by the wind. Mr. Richest came at this time to help the poor in a responsible way?

(End of this chapter)