Franchise God - Chapter 1254



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Franchise God Episode 1254

Chapter 288: Do you know why it doesn’t fail? (5)

Even in the eyes of the international financial market, Suyeong Bonds was a very unique and abnormal financial institution.

If we treat it as a simple safe, the amount of deposits exceeds 5 trillion dollars, and if we treat it as a bank, there are more than one or two things that go against the requirements of the separation of finance and industry, distribution of shares, and financial laws.

“The amount of receivables is 5 trillion dollars, of which 3.5 trillion dollars is equivalent to equity capital. Doesn’t that mean that no bank in the world can compete with this?”

“But since it is run solely by one person’s will, it carries a great risk of jeopardizing its soundness, to be called a bank….”

“The risk is really big. The AI ​​is controlling everything perfectly so not a single penny is wasted.”

International finance experts who had been struggling to determine the legitimacy of the swimming pool bonds were left disappointed when they found the answer in the company name.

“SOOYEONG, SACHAE…… I thought ‘bonds’ meant ‘loans’, but it had a slightly different meaning added to it.”

“In Korea, it is said that ‘SACHAE’ refers not just to the bond business, but also to an individual’s money gambling.”

“If only we had paid a little more attention to our Korean language mission, we wouldn’t have wasted time on such pointless concerns.”

Global banks have begun to vaguely realize what the swimming pool bonds are after.

Also, why is the swimming pool not actively trying to increase the amount received?

Although several large banks went out of business or went through merger procedures, commercial banks were still holding on.

It’s not thanks to the government’s tearful support for banks.

Because the swimming pool owner didn’t get greedy.

If the big banks had been determined to fight for customers, not a single one would have survived.

At a time when Suimyeong Bonds were rising in popularity, companies were seriously considering whether to change their main bank to Suimyeong Bonds.

If the swimming pool bond market had put pressure on businesses, large companies would have had no choice but to change their main banks.

But the swimming pool was generous.

The swimming pool loan required nothing more than opening a corporate account for the purpose of conducting financial transactions.

If they had demanded a complete change in their main bank, all affiliates including Seohae Group, Baekdu Group, JS Group, and Latte Group would have had to comply immediately.

Not only them, but also the companies ranked in the top 50 in the financial world would have had to switch to corporate bonds one after another, and all commercial banks would have gone out of business.

Nevertheless, the banks that were once called the Big Five have gone through a process of consolidation and are now reduced to two.

***

The new Deputy Prime Minister and Minister of Strategy and Finance quietly visited Cheongdam-dong.

This is the second time Ha Soo-young has seen the president’s face since his inauguration.

“Congratulations. You have finally become Deputy Prime Minister for Economic Affairs, just as I said.”

Former Chief of Staff to the President and current Deputy Prime Minister and Minister of Economy and Finance Hwang Seok-yoon rubbed his palms together.

“It’s a bit overwhelming because things change so quickly from the ministerial level, just when you get used to it. The last Minister of Strategy and Finance I remember was Deputy Prime Minister Nam Hang-soon. What is he doing these days?”

“It’s been quite a while since I entered the National Assembly. After becoming the head of the Ministry of Strategy and Finance, there aren’t many places I can go. Either I get a badge or I go into a private company as an advisor and prepare for retirement. Those are the two options.”

“What about the option of going abroad?”

“There is a choice, but realistically, how easy is it?”

Deputy Prime Minister Hwang Seok-yoon, whose head was more than half bald, never erased his sad smile.

In front of Ha Su-yeong, who is as young as his grandson, he shows no hesitation in bending over like a eunuch facing a young emperor.

“Congressman, in fact, many domestic export companies are having a hard time these days.”

“When have businesses never had a hard time? It’s always, always, always been hard. I have a hard time too. People don’t know that farming is the most difficult and intensive business that involves cutting-edge science, technology, capital, and even the weather.”

“That’s right. These days, it’s an era where doctors do farming, but in our country, there are still many people with this anachronistic mindset. Still, thanks to the Suyeong Group, the number of young people who want to start a fish farm has increased, so I’m really relieved.”

“The foreign currency earned by the fish farm owners is more than that earned by the five largest conglomerates alone?”

“Haha, that’s true, but that foreign currency doesn’t come straight into the national treasury. It’s all just sitting there in bank loans.”

The swimming pool farm acts as an exclusive purchasing agent for domestic self-managed aquaculture farms.

Self-employed fish farm owners sell seafood they ship overseas and collect a 4% commission.

In this process, the owners of the farms are paid in won, not dollars, and the dollars are kept by the bank.

Even if the owners of the fish farms work hard to earn foreign currency, the Bank of Korea will not even see a single dollar bill. All of it will be safely stored in the U.S. treasury.

“The dollar exchange rate is soaring so high that export companies are having a hard time. The economy is not doing well because the prolonged war with Russia and the worsening internal situation in China do not know when it will end.”

“Have you come here to hear the sound of death?”

“Sir, please help our country!”

Hwang Seok-yoon lowered his head, and his bright crown dazzled Ha Su-yeong’s eyes.

‘The reflectivity is good.’

“This time, you have $1.4 trillion in spare cash, and as always, I understand that you have put it into indefinite storage because you have no particular use for it.”

I’m talking about the $1.4 trillion earned by selling food to China.

More than three times the size of Korea’s foreign exchange reserves.

“How could we not borrow at least $400 billion of that?”

“Can I pay it back later?”

“Of course. I will repay you without fail. I will do so in the name of my country.”

“I originally didn’t get my money back in cash when I lent it to the ‘state’.”

“then……?”

“Do you think I will get my money back in cash later on if I invest it in China?”

When Ha Su-yeong looked at him with a big smile, Hwang Seok-yoon felt goosebumps.

China is a country that has effectively chosen an absolute monarchy, without even mentioning the word “republic” in its constitution.

By transferring all of the land to Ha Su-yeong as an individual through an irregularity called transfer collateral, he gave the copy of the register a transcendent and absolute credibility.

“Do you still want to borrow money?”

“…….”

Hwang Seok-yoon was overcome by a feeling of anxiety that was difficult to explain.

Externally, Ha Su-yeong is a capable and good capitalist who knows how to control his greed.

So much so that economic experts call him a contradictory and paradoxical capitalist who could never exist in a capitalist system.

But if we think about it in terms of the mid-game, isn’t it true that he has surpassed the ultimate level of a merchant?

“Do you still want to borrow it?”

“……Please lend us your money. Our country needs foreign exchange transfusion right now.”

A strange smile appeared on Ha Soo-young’s lips.

Hwang Seok-yoon couldn’t stand that smile because it made him feel uneasy, and his back started to tingle.

“It would be better to borrow from the IMF. Oh, right. Even the IMF is struggling these days because they don’t have enough money. Tsk tsk, what can I do? This is all karma created by humans.”

The abnormal climate caused by excessive industrial development was now taking its toll on humans, and the economic crisis caused by decreased food productivity was being felt little by little around the world.

“Well, I also received power, communications, and space industries, so what are you going to say when the country is in trouble… You really want to borrow it, right?”

This is a repetition of the third question.

But are you really going to borrow it?

Hwang Seok-yoon suddenly thought that it was similar to how the devil repeatedly confirms a person’s intention before making a deal with him.

‘Are you sure you want to borrow it?’

‘Are you still going to borrow it?’

‘Are you sure you want to borrow it?’

“I need your help, Congressman.”

“How much do you need?”

“How much can you lend me…?”

“That doesn’t matter. What matters is how much Korea needs it now. Shall I give you the interest rate, minus 0.0001%? It’s the patriotism interest rate.”

Negative bonds.

Typically, it is issued when cash for investment purposes has nowhere to go and is competitively flocking to good credit borrowers.

It is clearly different from the current situation in Korea.

So this was the apple of the devil’s test.

“…We need $220 billion right now.”

“Wow, was the foreign exchange situation that bad? I thought it was over 400 billion dollars?”

“The size of the economy is growing day by day, but the base interest rate is rising and the dollar is rapidly drying up…….”

Come to think of it, Ha Su-young had a lot to do with the dollar becoming more expensive.

The United States, which has been pursuing a dollar absorption policy by hoarding over 3.5 trillion dollars and not releasing it, must be grateful for Ha Soo-young’s squirrel-like habits.

In this way, South Korea got involved in ‘private loan’ that even the King of Hell was terrified to advise against.

From then on, things progressed at a rapid pace.

$220 billion worth of negative yield government bonds were issued in the name of the government, and Ha Soo-young purchased them.

The repayment period is 10 years.

There are several collateral provisions attached to government bonds.

In order to promote national fiscal soundness and safety, Ha Su-yeong could audit fiscal policy, and in cases where repayment was impossible, there was a collateral special agreement to be granted priority for desired national key industrial rights.

Now, the Ministry of Finance is in a position where it has to explain every single penny of where the budget is being spent if Ha-young requests it.

“Thank you, sir. This country will not forget your kindness, sir.”

“Why would a moneylender lend you money to do you a favor? He’s just trying to make a profit.”

As for national bond transactions, Ha Su-yeong personally visited government offices to conduct them.

We even invited reporters from small and medium-sized newspapers to take pictures.

Reporters from Ulleung County Citizens’ Daily, which has grown into a major national media outlet, were seen the most.

Ha Soo-young posed with Deputy Prime Minister Hwang Seok-yoon in front of the camera, holding hands and smiling brightly.

After the photo time, they lightly hugged each other’s elbows and exchanged pleasantries.

“Thank you. Thanks to you, this country has overcome another crisis.”

“What is it? You’ll pay me back later.”

“Haha, of course. I don’t know about anything else, but how could I dare take your money?”

“By then, the Deputy Prime Minister will have been out of the Ministry of Strategy and Finance for quite some time. You wouldn’t pretend not to know that he is no longer the Minister of Strategy and Finance, would you?”

“Of course. We will do our best to pressure the government to repay the national debt.”

“Well, it doesn’t really matter to me since I can just force collection.”

“…….”

“Did you really think I was going to file a lawsuit for payment? I don’t really like trials. They take too long.”

As Hwang Seok-yoon’s face turned slightly pale, Ha-young smiled faintly.

“Don’t worry. As long as you pay back the money regularly, there is no one as kind and considerate as a loan shark. Who else but a loan shark would lend you such a large sum of money just because of their reputation?”

Hwang Seok-yoon felt an ominous feeling once again from Ha Su-yeong’s smile.

It seemed as if the loan shark was whispering something like, “You don’t have to pay me back, why are you paying me back? You can pay me back with something other than cash.”