The penniless son of the penniless ...

Chapter 59: Ants swallowing elephants? Difficult!

However, when he tried to persuade his own chairman Kim Jung-tae, Kim Jung-tae did not give him a good look and even scolded him!
As the person who has been in charge of KB Bank for many years, Kim Jung-tae knows too well the dirty things in financial institutions! Although the title of the International Monetary Fund is "great and glorious", it is intimidating, but these guys are all eaters without leaving any bones!

Once they accept their assistance, it is unknown whether all the middle and senior management of KB Bank, including himself, will be fired and lose their jobs. It is better to cooperate with Zhang Junfeng. At least their interests can be protected!
As for whether the Blue House and Mr. Yongsan would agree, they would probably keep silent and pretend nothing happened!

After all, the entire country's financial system has almost collapsed, and it is a blessing in disguise that someone is willing to invest and take over!
The overseas loans due to be repaid at the end of this year alone amount to 200 billion US dollars. They are already so busy that they have no time to care about the life and death of other people's companies? !

After understanding the whole story, the young assistant fell silent. Although he didn't want to admit it, the president's approach was the best solution at the moment!
……

On the way back to the hotel, the atmosphere inside the black business car that Zhang Junfeng and others were riding in was quite lively.

Wu Mingxi, who was sitting in front of Zhang Junfeng, leaned sideways and flattered his boss with an excited look on his face. He was shocked by this trip to KB Bank!
Although he knew early on that his boss had earned a lot of US dollars from shorting Hanbao Steel, he had never imagined that the wealth possessed by this young boss could be so huge. It really shocked him!
Fortunately, he had experienced many ups and downs in the past year, so he did not behave inappropriately in the conference room of KB Bank.

Zhang Junfeng was not at all bothered by Wu Mingxi's flattery, but rather enjoyed it. After all, how many people can resist the "sincere" praise from their subordinates?
Leon John on the side did not expect that this operation would be so smooth. He just showed up and introduced the situation, and it was done! It was so easy that it was like a dream!
If this happened in America or other European countries, there would be no progress if they didn't argue for ten days, half a month or even several months! Is the efficiency of work in Korea so high now?
In response to Leon John's doubts, Zhang Junfeng just smiled and explained, "Their financial situation is rather serious and they urgently need a large amount of funds for turnover," and did not go into more depth on this topic.

It's just that "the speaker is unintentional, but the listener is intentional", especially when he saw Zhang Junfeng took over a large bank so easily, Leon John also began to have some ideas in his mind.

After the economic collapse of Thailand, Singapore and other places, many foreign financial institutions took advantage of the situation and bought up many shares of listed companies and properties in excellent locations at almost bargain prices.

Now, Goryeo seems to be a good investment spot! However, his position in Goldman Sachs is not high enough, so he can only make suggestions on some things. It is hard to say whether the senior executives who make the decision will agree!

"...Forget it, I'll just make a report on the situation here and send it to my boss, Mato Walsh, and let him handle the rest!" Leon John thought secretly in his heart.

Especially when he heard that Zhang Junfeng was planning to host a banquet for them, the "heroes", tonight to celebrate their success and would invite many beautiful women to accompany them, Leon John immediately became excited!

It is not easy to have such a wonderful experience as admiring and communicating with beautiful women in a foreign country. Leon John hates to waste it the most! …

In the evening, Zhang Junfeng asked Jin Youdao to arrange his subordinates to send the two passionate beauties and the half-drunk Leon John back to the hotel, and then he started talking about business with Wu Mingxi.

"Director Wu, the materials you compiled mentioned that KB Bank has pledged shares of many large domestic companies, including Hanjin Shipping under Hanjin Group, LG Cosmetics under LG Group, several subsidiaries of Yuetian Group, and Hyundai Motor under Hyundai Group?"

"Yes! As one of the four largest banks in Goryeo, most of KB Bank's funds are borrowed by these top domestic companies. Now these big companies are on the verge of bankruptcy, so how can they care about paying the loans and interest owed to the banks on time?"

"KB Bank is in such a difficult situation now, which has a lot to do with those big enterprises..." Wu Mingxi said with emotion. If he had not conducted a special investigation, he would not have thought that the big bank that was once so prosperous would also face such a frustrating time~!

Zhang Junfeng raised his lips slightly, and suddenly said, "What if we take over KB Bank and ask these big companies to repay their loans, but they refuse to do so? Do you have any good ideas?"

Wu Mingxi was stunned. What did his boss mean?! Was he going to take action against these big companies? This... wasn't it a bit hasty?!

But since Zhang Junfeng asked, he could only tell the truth. According to relevant legal provisions, if a company's debts are due and cannot be repaid, the bank can sue and force the other party to repay.

Of course, in addition to this, the bank's shares can also be compensated by converting debt into company shares, but this method is not often used. From the perspective of business operations, the investment value of companies that cannot repay debts is generally not high. Converting debt into shares will most likely result in losses, and the loss may be relatively large!

After learning that these debts could be converted into shares, Zhang Junfeng showed a bright smile on his face. In this way, wouldn't he be able to save a lot of money if he wanted to take over Hanjin Shipping? !
Moreover, through the channels of KB Bank, he might be able to "attack the city and capture the stronghold" in a short period of time, and while these large enterprises are still struggling to survive, bite off a large piece of "fat meat" from them and reap more profits for himself!
However, if he wanted to carry out the plan smoothly, it would be difficult for him to complete it alone. Being able to swallow up a bank and a subsidiary of a large enterprise should be the limit. If he wanted to make any more moves, it would inevitably attract the attention of the Blue House.

Even those big companies, after knowing his purpose, would not be willing to sit back and wait for death, and be slaughtered. If he deliberately entangled with him and delayed, he might not be able to get things done in a short time!

(End of this chapter)