Reborn in America, I'm serious about making money.

Someone was raiding his home, so Zhang San could only let them raid it. He couldn't beat them in a fight, and he was too careful to survive, so he was no match for them. But he couldn't stop his desire to cause trouble.

After receiving a phone call, the people at the New Era North American headquarters sent a delegation from North America to Handu, the capital of the Southern Dynasty.

The delegation of more than 20 people started visiting various banks to seek loans as soon as they got off the plane.

Nick, accompanied by a translator, negotiated a loan with Park Chang-il, the manager of Daemin Bank (abbreviated as Daemin Bank).

Nick (translator): Hello, I am a representative of New Era Company. Thank you very much for taking the time to discuss the loan with us.

Park Chang-il: Hello, please briefly introduce your company's loan needs and intended use.

Nick: Our company is planning a new project and needs funding to support our investment here and expand our business. We hope to obtain as much loan as possible.

Park Chang-il: I understand. Then, could you provide some information about your company's financial situation and repayment ability?

Nick: Of course. Our company is currently in good financial shape with a stable source of income, and we expect this project to generate substantial returns, thus enabling us to repay on time.

Park Chang-il: Very good. So, what are your expectations regarding the loan interest rate and repayment period?

Nick: We hope to get a reasonable interest rate, while the repayment period can be flexibly adjusted according to the progress and returns of the project.

Park Chang-il: Regarding the interest rate, we can determine it based on your company's creditworthiness and market conditions. As for the repayment period, we will also consider your suggestions, but some collateral may be necessary to mitigate risk.

Nick: I understand. We can provide some collateral or find other forms of security to increase the security of the loan.

Park Chang-il: That's great. Are there any other questions or needs?

Nick: I'd like to know about the loan approval timeline and process, and whether there are any additional fees or conditions.

Park Chang-il: The approval process typically takes a certain period, depending on various factors. We will conduct an evaluation and make a decision as quickly as possible. Regarding additional costs, there may be some processing fees and related document costs, but the specifics will be explained to you in detail in subsequent stages of the process.

Nick: Okay, thank you for your answer. We are very much looking forward to this collaboration and hope that the agreement can be reached smoothly.

Park Chang-il: We are also very willing to support your company's development. Please feel free to contact us if you have any other questions or if further discussion is needed.

By the end of October, they had borrowed approximately $200 million in Korean won, at a rate of 800 USD to 1 Won. The loan term was one year. Naturally, all the Korean won was converted into US dollars. To the lending banks, this move was utterly laughable.

But that wasn't the end of it. They mortgaged the $200 million again and borrowed 170 billion won. Why did they owe more?

Because the Korean won depreciated again, New Era Corporation made 10 billion won without doing anything.

They then immediately shorted the stock market here, but their investments were diversified.

We have no choice but to do it this way. After all, this place has been designated as a private territory by certain big capitalists, and New Era Company has only invested a small amount.

Although two hundred million US dollars is a lot, compared to the three or four hundred billion US dollars of the Southern Dynasty, it is just a tiny bit and cannot cause any waves.

After completing its short-selling of the South Dynasty's stock market, New Era Company made no further moves; and after completing its plan here, the South Dynasty met its destined fate.

In mid-November 1997, a financial crisis also broke out in South Korea in East Asia. On the 17th, the exchange rate of the Korean won against the US dollar fell to a record 1008:1.

On November 19, President Kim accepted the resignation of Dean Kang of the Institute of Finance and Economics and his senior assistant, and the South Korean financial market suddenly spiraled out of control.

On the same day, after the South Korean financial and foreign exchange market opened, the won fell again by 23 won, a drop of 2.27%, breaking the daily fluctuation limit of no more than 2.25% for the won.

At the same time, the Handoo Composite Stock Price Index fell sharply by 11.65 points, a drop of 2.36%, closing at 483.01 points.

By December 28, South Korea's foreign exchange reserves had fallen to less than $10 billion, and the South Korean economy was about 10 days away from bankruptcy. At this point, South Korea had no choice but to accept the harsh mediation of the International Monetary Fund in order to obtain its loan.

On the 21st, the South Korean government had no choice but to seek assistance from the International Monetary Fund, which temporarily brought the crisis under control.

However, the International Monetary Fund did not immediately agree to provide assistance. Instead, it needed to conduct research, conduct investigations, and so on. In short, it needed time. Then it put forward a large number of very harsh conditions.

However, by December 13, the exchange rate of the Korean won against the US dollar had fallen to 1737.60:1. The won crisis also impacted the Japanese financial industry, which had significant investments in South Korea.

The collapse of key enterprises led to the complete breakdown of the economic and financial order, causing stock and foreign exchange market turmoil, a sharp depreciation of the Korean won, and a shortage of US dollars, with the exchange rate reaching 2067 won to 1 US dollar at one point.

At this time, New Era Group began converting $500 million into Korean won, and on the other hand, it began acquiring stocks on the stock market and starting to liquidate its positions.

Then they began acquiring large quantities of properties in Handu, including land and hotels...

In order to overcome the financial crisis as soon as possible, President Kim took the lead in donating her own gold jewelry, calling on the public to donate gold to replenish South Korea's foreign exchange and gold reserves.

Subsequently, more than 300 million people lined up at banks to donate their gold jewelry, including rings, earrings, and necklaces, totaling more than 200 tons of gold, worth more than $20 billion.

But this was far from enough for them, and in the end they had no choice but to "sell out" their country to save themselves, agreeing to some harsh demands from the International Monetary Fund and Western countries.

One of these provisions is that it would allow foreigners or companies to hold shares in a domestic company, going from restrictions to no restrictions at all...

In the latter half of 1997, a series of banks and securities companies in the island nation went bankrupt. The Southeast Asian financial crisis evolved into the Asian financial crisis.

At this time, the Asian financial crisis was unfolding, and the entire Far East region was trembling with fear.

Zhang San was embracing Zhou Huimin as they watched a TV channel broadcasting the dire situation of various countries during the financial crisis.

"Oh, this is truly tragic. How will these people survive the winter?"

Zhou Huimin looked at the people around her with a strange expression, not knowing what to say. He was one of the victims of their tragic fate, and yet he was here crying crocodile tears. She really didn't know how he could put on this pitiful act.