The youngest son of the chaebol family, Hu Mou Xianmin

Chapter 112 Jin Yuzhong's Threat
An angry Chen Yangji slapped Chen Dongji directly, then stared at him and said angrily, "I'm afraid you forgot how you got to be the president of Shunyang Fire Insurance and Shunyang Chemical! Without me, you don't think Can I sit in this seat!"

"Now the Shunyang Group is in trouble, and we need you to work together to tide over the difficulties, instead of passing the buck here!" Chen Yangji said in a hoarse voice, staring at the three children in front of him with some red eyes.

Facing Chen Yangji's reprimand, the three of them remained silent. Although they still had many dissatisfactions in their hearts, they did not raise any objections. After all, Chen Yangji was so angry that they might not be able to withstand anything more severe if he didn't protect him.

……

Seeing that he had "persuaded" his children to take out money to raise loans, Chen Yangji gradually calmed down. Looking at his eldest son Chen Yongji who looked numb, he finally didn't speak, just snorted coldly, and got up and went upstairs.

In addition to the huge loan owed by the "hot potato" Han Dao Iron and Steel, Shunyang Group, Shunyang Group itself also applied for several large loans with the bank.At the beginning, Chen Yangji relied on the government's loan support policy to be able to grow from a rice mill all the way to create a series of subsidiaries such as Shunyang Logistics, Shunyang Products, Shunyang Department Store, Shunyang Fire Insurance...etc. It has achieved such a giant as Shunyang Group.

Borrowed money must be repaid sooner or later.He knew this very well, and he had been preparing a reserve fund in secret.However, in order to strengthen Shunyang Group over the years, a lot of reserve funds have been used up, and currently there is less than US$8 million left. ""It seems that it is impossible to repay all the original loans at once. At most, it will only be part of it. "Chen Yangji, who returned to the study, thought for a long time, sighed quietly, and finally made a decision: the money must be paid back, but there is not that much money, so he can only pay back part of it first. Is there any more?
……

The same scene happened one after another in Daying Group, Daewoo Group, Yuetian Group... However, not all chaebols have extra funds to repay their original debts.For example, Daewoo Group, which has an astonishing debt ratio, is now extremely uncomfortable.

In the chairman's office, Chairman Jin Yuzhong has smoked two cigars in a row, but still has not come up with a feasible solution.Several group executives who had been waiting for a long time were also uneasy.None of them expected that this guy Jin Yongsan would suddenly ask them to repay their previous loans, and the repayment time given was extremely short.

How could they spit out what they had already eaten!And the most worrying thing is that all the assets of their current group may not be enough to repay all the loans!That's right, you heard me right, the Daewoo Group, the pride of Bangzi Country, one of the top [-] multinational corporations in the world, is actually seriously insolvent!
(Note: As mentioned earlier, Daewoo Group’s super high debt ratio, Hando Steel’s 4 trillion yuan, is a younger brother in front of Daewoo Group)
……

"Chairman, why don't you go to the Blue House and talk to Mr. President? It's impossible for us to repay so much debt now, and once the funds are withdrawn, our Daewoo Group will probably collapse. This must not be done. Do it!" The minister who managed the group's finances said bravely.

"Yes, most of our group's funds are invested in foreign trade, shipbuilding, heavy equipment, automobiles and other industries. The profit cycle of many companies is relatively slow. It will take more time for us to be able to earn funds to repay debts." Several senior executives nodded and said.If the Daewoo Group goes bankrupt, none of them will benefit. It is in their interest only for the Daewoo Group to continue to flourish.

"...Do you think I don't want to? But that YS guy is forcing us to pay back the money! So what if I go to the Blue House? He can still give us time?" Jin Yuzhong didn't agree with the subordinate's proposal. Agreed, they already know what kind of virtue this president has in recent years, they are ruthless, and they will be ruthless to those disobedient guys!
"... Let's give it a try, maybe it can work? I don't think YS wants Daewoo Group to collapse, right? At worst, our Daewoo Group will go bankrupt and its assets will be liquidated, but those debts will have to be repaid by the National Bank? Just force us to have another What's the use!" The minister was also furious. After all, if you have too much debt, you don't have to worry about it. If you owe tens of billions of dollars and you still haven't paid it out, there's no point in calling for debt!

"..." Hearing the minister's rogue-like remarks, Jin Yuzhong couldn't help being stunned for a moment, and then he had a plan in his mind.Although what this guy said was shameless, and he even wanted to threaten the YS government, but I have to say that this is indeed a way.As a super-large group second only to Daying Group and Shunyang Group, once it goes bankrupt, the economic impact on Bangzi Country will be no less than a heavy blow. You must know that Daewoo Group has more than 20 employees alone, and Daewoo Group fell Now, so many people are unemployed, do you think the YS government can stand it?
……

Kim Yong-sam, who was still dealing with government affairs at the Blue House, heard that the chairman of Daewoo Group, Kim Woo-joong, had come to discuss important matters, so he didn't think too much about it, and quickly agreed to meet him.It's just that the ensuing meeting and the horrific news he heard sent shivers down his spine.Especially when Jin Yuzhong told him that Daewoo Group's debt was as high as 70 trillion yuan, Jin Yongsan was dumbfounded!You must know that before this, Han Dao Steel, which had the highest debt, was only in debt of more than 4 trillion yuan!This is 70 trillion Korean won, tens of billions of dollars!The entire Bangzi Country doesn't have that much foreign exchange reserves, how dare this bastard? !

Seeing that Kim Yong-sam had not yet agreed, Kim Woo-jung simply broke the pot and directly threatened, "Mr. President, Daewoo Group needs your help now. Otherwise, once the funds are withdrawn, Daewoo Group will definitely not be able to survive, and 20 employees will lose their jobs." , tens of billions of dollars in debt still have to be repaid by the government!"

Jin Yuzhong's words directly broke Jin Yongsan's defense, and he said angrily, "You are threatening me!" Jin Yongsan roared angrily. He never expected that the usually obedient chaebol would dare to threaten him like this today!Seeing this, the confidants on the side quickly tried to persuade them, "President Jin, there is nothing we can do! It was the institutions from the Sun Country and the Beautiful Country that asked us to repay the loan. Mr. President was also forced to ask for the loan from you."

"Hmph——! Anyway, our Daewoo Group doesn't need money now! If we are in a hurry, let the Daewoo Group go bankrupt. Anyway, the government, which is the intermediary guarantor, will pay for it in the end!" Jinyu Center made a move and immediately broke the pot and started cheating.

Seeing this scene, Jin Yongsan was also furious, but there was nothing he could do. This bastard looked like a dead pig who was not afraid of boiling water, so he really couldn't take revenge!If the Daewoo Group really went bankrupt and caused turmoil, it would have a great impact on the current Bangzi Country!Maybe he, the president, is afraid that he will be impeached and step down early!

(End of this chapter)