Investor That Can See The Future

Chapter 143

Perhaps stimulated by my actions, financial officials, including the Chairman of the Financial Services Commission and the Deputy Prime Minister of Economy, visited a savings bank to open an account and deposit money.

However, the amount was only 20 million won each, so they bought Binchuk.

– Are you kidding me?

-If it’s less than 50,000 won, I’ll do it too.

-20 million won is money that can be paid immediately when business is suspended.

– Stop taking the bottom off.

– Jinhoo Kang deposited 100 million won.

Kim Dong-seok, chairman of the Financial Services Commission, made an excuse that it was difficult to save more because he did not have money. There was a saying, ‘Then, why don’t we buy subordinated bonds instead of deposits’, but they firmly adhered to their deposits.

Because everyone’s money is precious.

Anyway, thanks to such a show, distrust about savings banks has subsided. The stock market, which had fallen, also succeeded in rebounding.

Financial companies, including banks and savings banks, took this opportunity to shake off their insolvency and improve their management. The atmosphere of refraining from excessive expansion by using Hoseong Savings Bank as a counter-teacher was evident.

However, the suffering of the victims who had already suffered losses was ongoing.

If you look at Hoseong Savings Bank alone, the accounting fraud is 3.6 trillion won. Of these, Article 2 is subject to payment guarantees by the Korea Deposit Insurance Corporation, but the rest are not.

Those who deposit more than 50 million won and those who purchase subordinated bonds will have to bear the damage of 1.5 trillion won.

The victims came to Seoul and held protests every day in front of Gwanghwamun Square and the National Assembly.

* * *

Perhaps to avoid liability, the media pushed the responsibility for the savings bank’s insolvency to the management and supervisory authorities, calling for a strong investigation every day.

Prosecutors were not immune from criticism. You left a hotbed of illegality and corruption, and only the person who pointed out it was caught and investigated.

That is why he said that he would thoroughly investigate the people involved. But, as always, all those who could escape escaped, and those who could not escape paid a large sum of money to hire a lawyer.

The head of the Financial Supervisory Service, the head of the Board of Audit and Inspection, and the head of the Korea Deposit Insurance Corporation were all subject to investigation. All of them were close aides to the president.

People waited for the president’s announcement.

What can you say about this incident involving a large number of in-laws and close aides?

Park Si-hyeong, who appeared at the State Council meeting, strongly criticized those involved.

“… … While reconsidering financial stability, we will have to thoroughly discipline those involved, regardless of their rank, so that this does not happen again. I also hope that the National Assembly will stop the political struggle and come up with measures for the victims.”

Rather than bowing his head as a person in charge, he criticized the person in charge from a third person’s point of view, and naturally passed the ball to the National Assembly.

People responded that it was amazing.

– What kind of bullshit is this now?

– You’re in charge, who the hell are you telling me to take responsibility?

– I’m tired of your majesty of stern rebuke.

-I’m talking about out of fluid.

-Is it a fluid desorption company?

The outraged opposition party insisted that it be revealed in detail through a special prosecutor, but the ruling party immediately countered it as a political offensive.

Park Si-hyung and the Korean singer had a concrete support layer that could take pictures of anything. Because of that, I was able to get through it moderately despite the numerous incidents so far.

This time, the atmosphere was to avoid the pouring obesity.

But this time around, it was a little different.

The president’s approval rating, which stood at 52 percent, fell to 27 percent in an instant, the lowest since he was in office.

The approval rating for the Korean House of Representatives also plummeted.

* * *

I received a call from Chairman Im Jin-yong.

[You ate one room properly.]

“Let’s just say I was lucky.”

[Thanks to this, the government-level hydrogen car support plan has come to a halt. Did you even aim for this?]

“… … .”

This is the first time I’ve heard of it. Did something like that happen?

“Yes. What… … That’s it.”

For the time being, you will have to pour out money to clean up the savings bank crisis, so don’t you have enough money to apply for a hydrogen car?

[I will arrange a place for dinner soon.]

“Yes. Have a nice day.”

Not long after the call ended, Yuri received a call.

[Senior, it’s often on the news these days. I hope it becomes more popular.]

It’s still a lively voice.

“How are you doing?”

[I am studying hard. You have to get good grades to get into an OTK company.]

“… … .”

Are you really planning to get a job?

[School is noisy again because of seniors. Do you know that every time seniors are talked about, even freshmen put their strength on their shoulders?]

I laughed bitterly.

“Ah, maybe… … .”

[It’s true. What would I do with a lie? Please tell me that Dad and Cheol-gyun were also impressed.]

Thinking that I have been praised by financiers who are called my best, I feel a bit embarrassed.

[Ah! Lecture has started! I’ll call you again next time, senpai.]

“okay.”

After the call, I watched the news.

A week has passed, and the protests still continue. The way for the victims to get their money back was daunting.

It wasn’t just one or two stories.

Although the media is in a quiet mood, more than ten people have already died. Since most of the victims are elderly people, some died from stroke or heart attack, and the number of suicides was much higher.

For some, it may be a small amount of money, but for others, it is money that is like life. When the money disappeared, did the hope to live also disappeared?

Some savings banks liquidated bad assets and searched for takeover targets.

Taegyu said.

“Why don’t we take this opportunity to acquire a savings bank as well?”

“What are you going to do with the takeover?”

Savings bank is a financial business, so just because you have money doesn’t mean you can take over it unconditionally. Aside from the bankruptcy, eventually some of the established banks will step in and take over.

* * *

I headed to the Golden Gate branch manager’s office with Taek-gyu.

“I bought you a cigarette, sister.”

“I also bought coffee.”

“Come on.”

Hyunjoo noona paused what she was doing and got up from her seat. Taek-gyu opened the cigarette pack and handed it to him.

Hyun-joo’s sister put a cigarette in his mouth and held coffee in his hand.

“How did you notice the insolvency?”

I scratched the ball.

“It’s just a feeling. It grew rapidly, but the financial position was too sound. If I had been pointed out about insolvency before that, I would have rather not known. So I stabbed it once.”

Half true, half false.

The older sister nodded his head without any doubt.

“Everyone knew that there was insolvency. I never imagined it would be that much. I saw it sharply.”

Taek-gyu asked as if he didn’t understand.

“But how did you not know you were going to fail until you were destroyed?”

“It’s called the Great Demon Buddha.”

There are quite a few Go terms among the words frequently used in everyday life, such as Jeongseok, irrational number, and countdown. The Great Great Buddha is one of them.

In economics, it is used to mean that the bigger the body, the less easily it will die.

Hosung Savings Bank boasted an overwhelming size among savings banks to the extent that it was not much different from the No. 1 IBS Savings Bank.

Because of this, other savings banks would not know, and I did not think that Hosung Savings Bank, the second largest in the industry, would collapse due to insolvency.

Taek-gyu said in a passing tone.

“A female employee who sold subordinated bonds committed suicide by leaving a will to the victims.”

Hyunjoo’s older sister nodded her head.

“She must have thought it was her fault.”

My taste buds are bitter to hear this. The sinners are living well.

“What about the executives?”

“Probably a few years at most. If you’re lucky, you’ll get out on probation. As you know, this country is very tolerant of financial crime.”

One of the characteristics of financial crime is that criminals have a lot of money. Korea’s largest law firm, Jeong & Kim, came forward to defend Chairman Min Jung-ju. Probably, they will form a team of private attorneys.

On the other hand, victims who have lost all their assets have no right to respond.

Hyunjoo noona said as she turned off her cigarette.

“In a way, I’m happy. If I had procrastinated for the whole term and it broke out during the next administration, it wouldn’t have ended like this.”

I changed the topic.

“How did the FSS get an investigation?”

“It was blurry. It seems that the head of the Financial Supervisory Service is going to be investigated by the prosecution right now, are you in the spirit of an investigation? I won’t be fooling around for a while.”

“That’s good.”

Supervisory institutions have not been able to function properly because they have been moving according to the taste of the regime. A major reform will be required at this opportunity.

“The Korean National Party is also engulfed in infighting, so it won’t be the same as it used to be.”

Even though they are all the same Korean music party, there are several factions within them, and they are divided into mainstream and non-mainstream. Although there are many non-mainstream groups in the number, the mainstream holds the party and nomination rights. The minority, excluded from power within the party, had no power.

The mainstream of the Korean singing party is, of course, the pro-Park poetry system. Thanks to this, the Party Office has been able to control and lead state affairs through close communication.

But as approval ratings for the president and the party plummeted, the party’s power began to falter.

Mainstream lawmakers have been heavily involved in Hoseong Savings Bank, and the party leader is also being accused of illegal withdrawals.

Non-mainstream lawmakers united and called for the resignation of the party leader and floor leader, while mainstream lawmakers united and resisted to preserve power.

Hyunjoo’s older sister smiled.

“I think the Lame Duck started with this.”

I asked gently.

“Is Ellie at work?”

It’s been a while since I’ve seen your face because I’ve been so busy. Come to think of it, it was the last time I saw her when I ate with Yuri.

Before they could hear an answer, the two entered.

“I bought coffee. Jessica.”

It was none other than Ellie. Henry was with her.

Taek-gyu asked me in a low voice.

“Henry isn’t working, so why is he here?”

“… … .”

Yeah. Why is he here?

Even though Henry belonged to the OTK Company, whenever he had spare time, he walked in and out of the Golden Gate building. The reason was guessed. It must be because of Ellie.

So far, given the circumstances, there has been little doubt that Henry had Ellie on her mind.

Ellie looked at me and gave me a happy expression.

“There was also Jinhoo.”

A handsome young man with blonde hair and a beautiful woman in a brown short hair. The two of them together gave off an atmosphere like some kind of foreign model.

Seeing the two of them sitting next to each other, I get nervous.

Does Ellie know that Henry likes her?

Thinking so, Ellie suddenly coughed heavily.

“Clok choke!”

Hyunjoo’s older sister said.

“If you’re not feeling well, take a break.”

“It’s okay.”

I was surprised by that.

“Are you sick?”(Read more @ wuxiax.com)

Ellie smiled brightly.

“It’s just a cough.”

Come to think of it… … .

Unlike her usual, her face is a little red. He seems to be sweating a bit.

Hyunjoo’s older sister reached out and touched Eli’s forehead.

“I can’t. Get off work right now and go to the hospital.”

“Because it’s okay.”

“If everyone here catches a cold, will you take responsibility?”

“Hey.”

Hyunjoo’s older sister looked at Henry and said.

“Take me Ellie.”

“Okay.”

Henry got up first, and Eli got up as if there was nothing he could do.

Ellie sniffled her nose.

“I will go first. see you next time.”

The two left the governor’s office.

“We’ll go too, sister.”

“Good bye.”

I got up from my seat with Taek-gyu.

As I went down the elevator, Taek-gyu said.

“Do you know that?”

“What?”

“Acting right on what you see with your foreknowledge, and being indecisive about what you don’t.”

“… … .”

did i

Taek-gyu wiggled his fingers and said.

“Dating isn’t about looking at Yeji. You choose whenever you like. Even if the character has a crush on the main character, if you press the wrong option, it will fly away.”

“Are you talking about Miyeonsi?”

“No, I’m talking about you.”

“… … Huh?”

Taek-gyu exclaimed as if frustrated.

“Go get him, nigga!”

* * *

I went down to the underground parking lot.

I saw that Hyun-joo’s sister’s car had started. Henry, who was about to get out of the car, lowered the window as I approached.

“What are you doing?”

Ellie was sitting in the passenger seat. Maybe I was deliberately pretending to be okay earlier, but looking at it like this, I looked a lot sick.

I said to Henry sitting in the driver’s seat.

“I’ll get you there, so go and work.”