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Chapter 469 South Korea's Credit Card Crisis

In order to prove that she was both internal and external in front of Masao Ishihara, Park Yilin, who cooked in person, personally cooked and cooked. She naturally knew his taste and preferences.

So, I made a boiled beef in Chinese Sichuan cuisine. The beef used was Korean beef, and the cost was "rubbed" and it went straight up.

Not only that, she also used Korean beef to make a Japanese suki pot from the Kanto region of Honshu. She then paired it with a few Korean dishes. A sumptuous lunch was ready.

Wine cannot be missing. Without it, it will be missing soul. Masao Ishihara chose two types of wine, one is his favorite Chinese liquor Wuliangye, and the other is the French champagne that women like.

He knew that Saki Ishihara likes Don Perrynon's pink champagne the most, while Park Yilin likes Moet's pink champagne. Both of these are champagne brands from France, and the former is far better than the latter.

Putting aside factors such as price and quality, the reason why Japanese women and Korean women have choice deviations is that the former is doing well in the Japanese market, while the latter is doing well in the Korean market. This is exactly the same as the later generations of Spade A champagne in mainland China.

Masao Ishihara picked up the chopsticks and reached directly towards his favorite boiled beef. He picked up a piece and put it into his mouth to chew it.

Park Yilin couldn't wait to find out the result and said, "How is it?"

Masao Ishihara made a fair evaluation: "Not spicy, not authentic. If you use the Asahi Pepper from Sichuan, that would be right."

Park Yilin nodded and said, "I will do it next time I do it as you said."

Masao Ishihara said in detail: "You can also use ordinary beef for boiled beef, not with Korean beef. If this is to ensure the smooth and tender taste of the beef, you can coat them with a layer of water starch before putting it in the pot."

Park Yilin blinked twice and said, "I understand. I will continue to use Korean beef next time."

Masao Ishihara said: "There are many Koreans today who can't even afford Korean instant noodles and kimchi, let alone Korean beef."

Park Yilin certainly knew what major incidents happened in South Korea at the moment and said: "This credit card has really harmed many people."

Masao Ishihara said calmly: "It's not what you said. You clearly have completely demonized your credit card.

One of the biggest benefits of a credit card is that when you are in a tight hand and need a small amount of capital turnover, you don’t need to borrow money from acquaintances, and you don’t need to be sucked by usury who makes a living by lending money.

In order to eliminate the negative impact of the Asian financial crisis in 1997 on South Korea as soon as possible, the South Korean government made a significant reduction in interest rates and encourage consumption to stimulate domestic demand.

What came into being was the explosion of credit card consumption. Before the credit card crisis broke out, South Korea not only quickly changed from negative growth to positive growth, but also repaid the money borrowed from ifm in advance.

The once impressive economic performance has brought you Koreans hope and pride again. From now on, more and more Koreans will fall into the deep pit of debt."

Park Yilin asked with interest: "According to your words, are there no hope for those Koreans who owe debt?"

Gu Li

Masao Ishihara talked: "In our inherent and traditional thinking, Americans like to use credit cards the most, and their debts should be the highest in the world.

In fact, it is not like this at all. South Korea has the highest household debt in the world. South Korea has twice the debt of households that are US households.

Both South Korea's total GDP and per capita GDP are far lower than those of the United States. This extreme imbalance in revenue and expenditure will inevitably pose a cyclical debt crisis for South Korea.

In my personal opinion, the outbreak of the credit card crisis in South Korea will have the greatest impact on the original three views of the Koreans, even higher than the Asian financial crisis in 1997.

The Asian financial crisis in 1997 can also blame all the blame on international speculators led by Soros. However, this time the credit card crisis that broke out in South Korea was caused by oneself.

Not only will the personal debt not disappear for no reason, but a large amount of interest will also be generated. Once the deadline is exceeded, it will also be subject to high punitive interest.

Even if an individual goes bankrupt, he will not be reset to zero. Even if he does not eat or drink, he will probably be difficult to pay interest on his income.

This will make ordinary people feel desperate, and it is better to die. In addition, South Korea is a suicide country with a higher suicide rate than Japan.

This year, a higher suicide rate will inevitably be generated. Even if the interest you can pay will greatly affect the quality of life, it will not be a long-term solution.

As long as the principal is not reduced, the interest will not be reduced. Will you just live like this for the rest of your life? You are a normal person, and you don’t want to!

Even if you don’t choose to die, you will choose to take risks. Stock markets, real estate, and even gambling, such as money quickly, and being able to get rich overnight will become the choice of more and more Koreans in the future.

Ordinary people who do not owe credit card debts and work honestly will not change their personal destiny at all. The increase in their income will not catch up with the rise in real estate at all.

Buying a house is a threshold that is difficult to cross in front of them. Men don’t have a house and women don’t marry. In South Korea, it has become a consensus among more and more women!”

Park Yilin saw that he, a Japanese, understood the current social and economic situation in South Korea more than he was a Korean, and said, "It seems that you are prepared."

Masao Ishihara neither admitted nor denied: "We are just chatting."

Park Yilin said from the bottom of her heart: "We in Korea are all so difficult. You still have to make profits from it. Isn't it too moral?"

Masao Ishihara said bluntly: "This is a bad statement. I am a businessman, a real businessman. The first rule and essence of being a businessman is to make the profits you should make.

This has nothing to do with morality. Just like international speculators such as Soros, can they not know that such a move will indirectly kill many people?

Of course they know. Why do they have to do it again and again? As international speculators and international professional speculators, they can't miss such a profit opportunity."

Park Yilin's heart was full of contradictions. On this side, she knew very well that she could not dissuade him at all. On the other side, when he made money, she and her children could also benefit from it.
Chapter completed!
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