If we audit carefully, I am afraid that Daewoo, Samsung, Hyundai, SK Group and other large companies are all insolvent.

It can be said that the foundations of these enterprises in South Korea are built on a needle.

Since they are already so fragile, let alone these tough financial giants, if a gust of wind blows over, the economy of South Korea will collapse!

As for foreign exchange reserves, this is even more true. To put it into perspective, South Korea's annual GDP has exceeded 600 billion US dollars, and it is also a major export country. How could it be possible that it has saved only 9 billion US dollars in just a few decades?

foreign exchange reserves?

According to normal proportions among countries around the world, except for financial powers like the United States and the United Kingdom, whose currencies account for a huge share of global circulation, the foreign exchange reserves of an average country should be no less than 10% to 15% of its annual GDP.

This means that South Korea should have at least 60 billion to 90 billion US dollars in foreign exchange reserves.

The reason for this situation is not because the company earns some foreign exchange, so Kim Yong-sam invests it in the development of the company instead of leaving it in the bank.

In this way, although the enterprise has developed, the foreign exchange reserves have become pitifully small.

Time passed little by little, looking at the Korean won exchange rate in front of him still moving steadily downwards, and the stock market even dropped to around 400 points. Jin Yongsan sighed softly, with a glint of perseverance flashing in his eyes, and he had already made a decision.

"Since you all think so, you have to respect the laws of economics. When the time comes..."

Speaking of this, Jin Yongsan paused, and his whole voice couldn't help but become hoarse: "When the time comes, I hope you will remember the lessons learned this time and not make the same mistakes again..."

Hearing this, Gao Jian led the cabinet members and bowed to Kim Yong Sam. This not only expressed that he would respect Kim Yong Sam's teachings, but also expressed his gratitude to Kim Yong Sam for his efforts. He did not burn down the capital for the future recovery of South Korea for himself.

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Chapter completed!