C429 It Wasn't Worth Being Pitied
C429 It Wasn't Worth Being Pitied
However, Zhou Hao was right. The Korean shareholders had blind confidence in their own country. They did not let go of their shares when the stock market fell.
Those who held futures contracts did not close their shares, so Zhou Hao, who had emptied his stock, kept sucking away the money in their hands.
At the same time that the stock market fell, because of the unreasonable economic structure of South Korea, all the hidden dangers were finally triggered by this financial storm.
On November 17th, the Korean Won's exchange rate fell to the record of 1008 to 1. The Korean government had no choice but to ask for help from the International Monetary Fund to temporarily control the crisis.
Many people thought that the Korean Monetary Fund crisis was under control, or at least it would not worsen. The Korean shareholders also believed that the country would be able to pull itself together again and not lose the reputation of being the head of the four Asian dragons.
However, under the expectations of tens of thousands of people, on December 13th, the Korean Won completely collapsed, and the exchange rate of the US Dollar rapidly fell to 1737. 60 to 1, it was in line with the history in Zhou Hao's memory.
Just as the Korean Won's exchange rate fell to the lowest point in history, Zhou Hao returned all the Korean Won he borrowed from the Korean banks.
Of course, the Korean Won had depreciated by half compared to when Zhou Hao borrowed it.
At that time, the loan that Zhou Hao had borrowed from the Korean Bank was about 8 billion HKD, which was 1 billion USD. If it was exchanged for Korean Won, it would be more than 800 billion HKD.
But now, Korean Won had depreciated by half. The original value of 800 billion HKD was only worth 500 million USD, which meant that Zhou Hao only needed to pay 500 million USD.
In this operation against Korea, just in the foreign exchange market, Zhou Hao had earned nearly one billion USD. In the Korean stock market, Zhou Hao had also earned one billion USD.
Back then, Zhou Hao had invested 120 billion HKD in Korea, and now he had earned close to 20 billion HKD. If this was made public, it would definitely shake the entire financial world.
However, Zhou Hao knew that after the financial storm in Asia, although George Soros's name had become even more famous, he had also found the hatred of almost all of Asia. Some warlords in Thailand had even sent out secret troops to assassinate him.
Many of the mafia who had suffered heavy losses in the financial storm had also sent out assassins.
If it wasn't for the protection of the United States, George Soros would have died a long time ago.
Although Zhou Hao looked down on Korea in his heart, a rabbit would bite when forced into a corner. At that time, if the Korean people knew that he had played a role in their economic crisis, they might really do something about it.
The office on the first floor of Hong Kong Plaza was the temporary headquarters of Galaxy Investment.
Including the owner of the Plaza, no one would have thought that in this office, this "Galaxy Investment" would be able to produce more than 10 billion USD in a year.
Previously, because "Galaxy Investment" did not provide services to the outside world and did not solicit investment clients, the employees inside were busy operating computers every day.
When the property management office in the public square saw that such an investment company did not do investment business, they thought that it was a criminal group that was laundering money. They even reported it to the police.
Later, it was Zeng Yingpei who helped "Galaxy" clarify the matter. He also did not publicize this matter.
So until now, the ordinary citizens of Hong Kong and the people in the financial world did not know that there was an investment company that was famous all over the world hidden here.
At this moment, in the office of "Galaxy Investment," Song Jiahao, Willie Worth, and many other employees were celebrating. The air was filled with the strong smell of champagne and wine, as well as some color papers used to celebrate.
"Come, for the success of this' South Korea Strategy ', let's toast!" Song Jiahao raised the champagne in his hand high up.
"Cheers!" Willie Worth and the other employees also raised their glasses.
Song Jiahao smiled at everyone. "The boss said that the success of this operation depended on everyone's joint efforts, so he decided to take out 30 million USD from the profits of this operation as the reward for our work this time!"
"Yay!"
Hearing this news, the employees present, regardless of whether they were male or female, all screamed out in excitement. This was because there were a total of 60 employees in the company. If they were distributed evenly, each of them would be able to receive about 500,000 USD in bonuses.
Not only that, but they had also invested their money in Korea with the company. Now that they had taken over the company, their profits were two to three times higher.
Although they were just ordinary employees of Galaxy Investment, their net worth was much more than the executives of the big companies in Hong Kong.
Especially Song Jiahao and Willie Worth. They were probably worth more than ten million USD now.
Therefore, they were determined to follow the Galaxy and Zhou Hao.
"Where's the boss? Is he still in China?" A female British employee asked in Mandarin, which she was not familiar with.
Zhou Hao's operation team consisted of many financial elites of different nationalities. Zhou Hao's performance in the past year was too amazing, and his prediction of the stock market was very accurate. They did not know and did not believe in the fact that they had been reborn, so they thought that Zhou Hao had deduced the direction of the stock market through precise analysis.
They were the elites in this aspect. Naturally, they knew how complicated and difficult it was to deduce the direction of the stock market. It required a large amount of information and data to be calculated.
Zhou Hao was only a young man less than 20 years old. He was such a young man, yet he had completed such a large amount of analysis. Apart from geniuses, his hard work was also admirable. Therefore, everyone in the company did not look down on Zhou Hao because of his age. Instead, they were full of admiration for him.
They were all wondering what kind of culture could nurture such a genius. Therefore, their admiration for Zhou Hao also aroused their curiosity and worship towards China's culture. Later on, many people started to learn Mandarin and Han culture.
Song Jiahao smiled at the female employee and said: "Yeah, the boss still has things to do in China, so he won't come over.
However, in order to reward everyone, he has already asked me to book a room in the club of the Peninsula Hotel. Tonight, everyone can enjoy it to your heart's content. All the expenses will be reimbursed by the company. "
Hearing this, the crowd burst into cheers. Then, a male American employee said, "Speaking of which, the boss is really the most amazing financial genius I have ever seen.
I used to work in George Soros's Quantum Fund, but even the cunning George could not predict the stock market so accurately like the boss.
One should know that in order to gather the British pound, George had all the analysts work day and night for more than two months before he could basically calculate the financial situation of Britain. That was the top analysts George hired from all over the world.
But the boss could do it alone. It's really unbelievable. "
" Yeah, the boss is more powerful than any of the speculators I have seen. " Willie Worth, who was standing in front of the window, took a sip of his wine. " Even the 'tiger' in the financial world, Julian. I'm afraid Robeson can't compare to him. "
Willie Worth was a German man in his thirties. Although he had pure German blood, his nationality was American. Willie Worth was found by Zhao Yuqin through a foreign headhunting company when she was building the Galaxy Investment company for Zhou Hao.
According to the world-famous headhunter company, Willie Worth was a rising star on Wall Street in New York.
Willie Worth's financial ability was just as the headhunting company said. He and Song Jiahao were the two best operators in Galaxy.
However, unlike Song Jiahao, Willie Worth was still single. He was very handsome, so he was the most popular diamond king in the company except for Zhou Hao.
"Oh right, did you see the local news in Korea?" Suddenly, a French female employee said, "Many people who went bankrupt in the stock market jumped off buildings and committed suicide, including the executives of some big companies.
Although we are not the main reason for this financial storm, we have also played a role in adding fuel to the fire, so I feel a little uneasy "
However, Willie Worth sneered and said faintly, "I advise you to put away your useless compassion. In the aspect of financial operations, it was neither moral nor moral. This is just an operation. The financial market does not belong to the moral category. Morals don't exist here, because the financial market has its own game rules "
He looked at the employees in the company: "We are participants in the financial market, we will play this game according to the rules set by the company. We will not violate these rules, so we do not need to feel guilty or responsible.
From this financial storm, even if we don't do anything, it will still happen "
If Zhou Hao was present, he would be very surprised. Because what Willie Worth said was exactly the same as what George Soros said to the media after the financial storm in Asia in his previous life.
He then heard Willie Worth say. " And, just like what the boss said, if those Koreans weren't because of their ridiculous so-called national confidence, if they hadn't kept holding onto the shares in their hands, they wouldn't have ended up like this.
In the boss's words, those Koreans aren't worth pitying! "