Chapter 1204

Seoul, the presidential residence in the northwest of the city.

In the early morning of Saturday, Kim Yong San, the current president of South Korea, who has been tense for several days, was woken up by his subordinates and brought some of the newspapers just published today.

Jin Yongsan, still in his pajamas, just read the headlines of several newspapers. He could no longer help yelling at one of his subordinates and yelling: "who leaked the news? Who? You stupid people? You are all stupid people. And these newspapers, they should all be hanged. Hang them."

And then there was a bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang bang.

After smashing a whole reception room, Jin Yongsan calmed down a little, but he didn't have any appetite for breakfast. He urgently summoned the staff team of qingwatai to try to discuss coping strategies.

However, we can't wait for the blue house to make an effective response. When the day lights up, the news in today's newspapers and TV that the current government will seek help from the International Monetary Fund (IMF) on humiliating terms spreads all over the streets.

Even though the national economy has been in turmoil recently, most of the public did not know what the IMF was before. However, in all kinds of sensational headlines, such as "the blue house plot to sell the motherland, the IMF will take over South Korea's financial sovereignty", "the repetition of the Treaty of Japan and Japan, South Korea will once again usher in the shame of the century" and "rather a broken jade, the introduction of the IMF is tantamount to attracting wolves into the house", the public said People's emotions are still easily aroused.

In particular, the frequent mention of the Treaty of Yisi in newspapers and TV has made the Korean people sad.

In 1905, after the victory of the Russo Japanese War, the Japanese government signed the unequal "Yisi treaty" with the Korean Peninsula, which was completely abandoned by China and Russia. On the condition of forcibly lending Korea 10 million yen, the Japanese government included the whole peninsula in the scope of Japan's Protectorate.

Five years after taking over the economy of the peninsula, in 1910, Japan, which was gradually encroaching on the peninsula, completely occupied the country and brought the peninsula into the category of "colony" from the so-called "protectorate" which was initially hidden. Then for 35 years, until the end of the Second World War, the sovereignty of the Korean half island was restored.

In the newspaper and TV news on Saturday in South Korea, there was a lot of room for exaggeration that seeking assistance from the IMF was equivalent to signing the second "Treaty of Jihad". At the same time, Thailand, which had been rescued by the IMF, was used as an analogy, which immediately ignited the anger of the South Korean public.

The public mind is simple.

No matter how difficult our country is, it is absolutely not the reason to sell our motherland.

Better a broken jade than a broken one.

So, on Saturday morning, when it was found that there was a demonstration outside the blue house on live TV, a large number of people in Seoul took the initiative to go out of their homes and began to gather at the presidential residence in the northwest of the city.

By noon, outside the green house, the initial spark of a few hundred people has rapidly expanded to the huge scale of tens of thousands of people, and it is still increasing. The public hold signs and shout slogans, asking President Kim Yong San to make a public statement. In any case, they can't seek help from the IMF at the cost of betraying the country.

If it's other times, other events, the green house may be able to take it easy.

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But now.

No one is more aware of the critical state of the country than the top management of South Korea. The whole South Korea, not talking about the stock market and currency, only needs to repay its short-term foreign debt within one year. The scale is close to US $90 billion, one third of which needs to be paid off before the end of the year. However, the foreign exchange that the Central Bank of South Korea can use is less than US $8 billion.

Unless the government plays a trick and refuses to pay back, it will be unable to repay these debts once they are due. As a result, only one country will go bankrupt.

The result of enterprise bankruptcy is only liquidation or layoffs, while the national bankruptcy is just one of them. The unlimited devaluation of currency caused by the loss of national credit is not acceptable to South Korea, because it means that the wealth accumulated by a country for decades will be turned into nothing.

Just like Russia a few years ago after the unlimited devaluation of the ruble.

The former Soviet Union has been able to compete with the United States for half a century. Even if the economic size of the former Soviet Union can not be compared with that of the United States, the disintegration of the former Soviet Union has left a very rich family legacy to a number of former allies. As a result, the economic collapse resulted from the devaluation of the currency, and the tragedy of many countries in the former Soviet Union is no less than that of the Great Depression of the United States.

Therefore, if the country goes bankrupt, there is no doubt that South Korea will at least fall into a great depression of unknown duration. At that time, enterprises will go bankrupt on a large scale, the public unemployment rate will rise rapidly, and even the social order will collapse.

The real end.

Compared with avoiding this doomsday scenario, seeking assistance from the IMF is almost the only choice for South Korea without breaking international rules.

As for breaking the rules and playing tricks by force, this is also a way.

But will other countries allow it?

Don't forget, there are tens of thousands of strong US troops stationed in the capital of South Korea!It is true that these military forces can protect South Korea from foreign invasion at a critical moment. However, in some cases, the forcible military takeover of South Korea can happen in an instant.

Even the sovereignty is not complete, how to cheat? !

in addition to the economic level, qinghuatai is also facing another important political problem.

General election.

1997 is the 15th presidential election year of South Korea. This year's election will be held on December 18.

According to the constitution of South Korea, Kim Yong San can only serve as president for one term, and can not be re elected. However, Lee Hui Chang, another candidate of Kim Yong San's ruling party, is still fighting for the presidency.

The media's sudden loss of support for Kim Yong San will inevitably affect Lee Hui Chang, who has already fallen behind another candidate Kim Dae Jung in the general election. Moreover, once he loses the election, according to South Korea's political rules, the entire ruling party group may soon lose power.

There is a dilemma.

In the end, after only one day of confrontation with the people, qinghuatai quickly chose to compromise. After all, this is a pressing need. If it goes on, it's hard to say what will happen. In the afternoon of the same day, Kim Yong San personally delivered a television speech, publicly stating that he would not accept the IMF's rescue.

At the same time, we call on the people to unite as one and overcome the difficulties together.

The turmoil in South Korea soon spread to the world.

In the face of the concern of the international community, after Kim Yong San's public statement, Michael kantsu, the current chairman of the IMF at the headquarters of the IMF in Washington, said in an interview that the IMF is a neutral international financial institution and will not force any country to issue loans that the other side does not need.

However, kantsu also stressed that in order to ensure the rational use of IMF loans, IMF loans to any country will have appropriate additional conditions, and IMF will not give in without bottom line.

Such a statement by the two sides actually means that the aid negotiations between the South Korean government and the IMF, originally planned by the South Korean government, have ended before they have started.

While South Korean people celebrated the victory the next day, international speculators began to pay more attention to the layout of South Korea.

Because we all know that South Korea's explicit rejection of the IMF's rescue this time means that domestic and foreign investment in South Korea will speed up its flight, the foreign debt market in South Korea will also usher in a wave of selling, and the stock market crash will also continue, and the more direct and serious result is that the devaluation of the won will accelerate.

All in all, the country will continue to slide into the abyss.

It's only one step away from a complete collapse.

In the depth of the curtain invisible to ordinary people, Simon's layout continues.