Chapter 138 Prices in South Korea

$141. Prices in Korea

As the income of Korean artists has dropped sharply, I don’t know when the price of vegetables in Korea has risen to a speechless price.

Take their favorite cabbage for example. Now the price of a cabbage is as high as 45 Chinese dollars. You should know that a cabbage in China is only a few cents per pound.

A bunch of grapes that cost a few yuan in China costs more than 80 Chinese dollars in Korea. Not to mention beef, which has risen from more than 80 Chinese dollars to more than 300 Chinese dollars.

The simplest lunch box in a restaurant now costs more than 50 Chinese dollars, and the most basic bowl of noodles starts at 40 Chinese dollars.

The starting price of a taxi has reached an outrageous 40 Chinese dollars.

Although the income in Korea is not bad, the average monthly income of the Korean dollar per person is more than 10,000 Chinese dollars. However, facing this outrageous price, not only ordinary people can’t stand it, but even some artists can’t bear it.

You should know that an intern's monthly income of 10,000 won is only about 2,000 yuan when converted into Chinese currency. With this income, it is difficult to survive, let alone eat.

Even if this artist eats two meals a day, and only eats the lowest ramen for 40 yuan a day, it is 80 yuan a day, and 2,400 yuan a month.

Not to mention renting a house, although interns can live in dormitories, the high prices make it difficult for them to eat.

There is no way. In order to stabilize the people's hearts, the Korean country began to use a large amount of foreign exchange to import goods and stabilize the market.

In the early stage of the Korean country's decision to use foreign exchange, the big alligators who were prepared entered the market to look for food. It didn't take a few days for 1 US dollar to be exchanged for 1,135 Korean dollars, but it was directly smashed by the big alligators to 1:1500.

As more people entered the market, the Korean country began to get anxious. At all costs, they began to protect the market, and the people of the Korean country also began to buy the Korean dollar.

But how could the big alligators let the Korean country rescue the market successfully? More and more people began to trade low in the Korean dollar. As the snowball rolled bigger and bigger, the Korean dollar fell like a deflated ball.

From 1 US dollar to 1135 Korean dollars, it fell directly to 1 US dollar to 1800 Korean dollars. Feeling panic, the Korean people began to buy gold to preserve their value.

Tang Wen had been waiting for a long time, so when the Koreans began to buy gold and US dollars, Tang Wen took advantage of the situation and directly raised the gold from 1660 points to 1790 points.

The desperate Korean people suddenly found that buying gold at this time could not only preserve value, but also increase value, so they joined the buying army.

In just one week, the price of gold soared from 1660 US dollars to 1831 US dollars. More and more people joined the buying army.

Tang Wen also secretly sold a lot of goods to keep the price of gold at around 1800 US dollars.

Compared with the crazy rise in gold, the Korean dollar is a bit miserable. It has depreciated by half. Now it is 1 US dollar to 2,200 Korean dollars, and in order to stabilize the morale of the army, the Korean country had to close some exchange channels.

As a result, all the people began to flock to gold, and the gold price, which had been somewhat reduced, rushed to the highest price of 1,840 US dollars.

After a week, the big crocodiles withdrew one after another, leaving the Korean country with bruises all over its body. The top leaders of the Korean country simply wanted to cry but had no tears.

The economic lifeline of the Korean country now is two parts, one is the X Star Group, which almost monopolizes all industries in the Korean country, and the other is the entertainment industry.

Unfortunately, after the entertainment industry suffered a blow, the companies under the X Star were also targeted by the big crocodiles. The American family's belated ending brought all this to an end.

In fact, the American consortium can be said to have eaten a mouthful of oil this time. They own more than 70% of the shares of X Star and sucked a lot of blood from the Korean bank this time.

For them, as long as X Star still exists, it is a machine that can continuously absorb nutrients. That's why they were responsible for the finale. As long as their interests were not endangered, they would just pretend not to see the crocodiles' foraging.

After this baptism, the national economic level of the Korean country regressed by one-tenth, and the loss exceeded 200 billion US dollars. This money was undoubtedly divided up by the financial crocodiles.

Tang Wen's income from shorting the Korean dollar this time was only a few billion US dollars, but he made a profit of more than 30 billion US dollars in the gold market. It has to be said that the rich people in the Korean country are really ruthless when buying gold.

Almost every time Tang Wen released a batch of gold futures selling orders, they were almost snatched up by the Koreans in an instant. Those who didn't get it could only wait silently for the next selling order.

As the price went higher and higher, Tang Wen's mood naturally became better and better.

The internal friction of the Li family also intensified with the Korean dollar incident, and both sides refused to give in. Since Li Meng obtained the support of the Duke Consortium, he also obtained 8% of the shares of Star X from this fight.

Li Jian, the current chairman of X Star, still owns 12% of the shares, and the remaining 5% is managed by his daughter. Although Li Jian has the upper hand on the surface, with the intervention of the Duke Consortium, this matter is a bit difficult to say.

Rockefeller, Morgan, Rothschild and other consortiums seem to have reached a tacit understanding about the intervention of the Duke Consortium this time. They actually turned a blind eye to it, which makes people a little bit fanciful.

Two old American consortiums, a European consortium, and the American Duke Consortium that has now entered the market, the division of X Star seems to be becoming more and more confusing.

Although other American families are powerful, they are still a little short of funds when facing this kind of ancient consortium family.

Unless they are willing to ask the Federal Reserve for a loan in the name of the family, the outcome is already determined. The financial strength of the oil consortium is not a joke.

Duke, Morgan Rockefeller, Rothschild, any of these consortiums can start a national-level financial war.

However, they will not go out unless it is absolutely necessary. Because people are afraid of being famous and pigs are afraid of being fat. No one can say whether someone will snipe them from behind.

The bigger the consortium, the more they consider this, because they are not one person, and the companies under them can be described as ants. At that time, it will be a ripple effect.

Although Tang Wen did not get the meat of the Bangyuan this time, the income from gold is enough to offset the gap this time. Moreover, with the current gold price of 1,800 US dollars, Tang Wen is simply making a fortune.

Because of the impact of this incident in South Korea, many national companies or consortiums have begun to reserve gold, because this thing is a hard currency.

Bitcoin, which was recently invented by Nakajima in Japan, has been forgotten because of this incident. Because everyone now thinks that only gold is the most valuable.

If there was not so much gold, Tang Wen might still be interested in Bitcoin. But as the amount of gold in his hands increased, Tang Wen found that Bitcoin was just a chicken rib.

Why? First, it is just a set of useless data. The so-called uniqueness is still a bunch of useless data after all, just hyped up by those manufacturers who sell mining cards.

Gold is different. It has been a common commodity for barter since ancient times, and its uses are even more varied. There are gold bars, gold jewelry, gold coins, gold ornaments, and it is also an indispensable part of some high-tech instruments.

In other words, this thing has its value, and it can be circulated. So why did the ancients buy gold to ensure safety in troubled times and buy gold to preserve value in prosperous times?

People in this time and space were not fooled by Nakajima. Bitcoin is just a collection used by programmers to communicate.

As for the price? Just kidding, who would buy this?

Moreover, in this time and space, China, the United States and the governments of various countries have cracked down on this meaningless virtual currency. Trading websites are running away every day, who would buy it?

The payment systems of MQ and Maoyu are all guaranteed by funds. They will connect with various cooperative banks every once in a while. For example, Shenlong Bank is the major shareholder in MQ, and Maoyu is a shareholder of Huaxia First Bank.

These virtual currencies guaranteed by regular banks can be issued. It is different abroad. Because of the existence of monopoly laws, there may be more than a dozen payment methods in a country.

So the most commonly used payment methods abroad are fruit AP payment and credit cards, but the handling fee of AP payment is too high. A 25% handling fee is charged for each transaction, and most people will not use it.

People abroad prefer credit cards. Not only can points be exchanged for many affordable things, but there are also many convenient services. The only bad thing is that the credit card fraud rate abroad is really high.

After the Bangyuan incident, Tang Wen began to count his gains. With the sale of a small portion of the gold, Tang Wen's Swiss bank had an additional deposit of more than 37 billion US dollars.

On the other hand, Tang Wen asked Chang Kang to find a group of people from the Blood Sabre to start selling some useless items in the Knights' treasure at auctions in Europe.

This brought in an additional 2 billion in revenue.

As for some of the sky-high-priced items, Tang Wen did not plan to sell them. Once these things were sold, it would be as difficult as ascending to heaven to buy the same ones.

For example, the scepter of XX I, the crown of King XX, the sword of King XX, and a series of collections that could not be seen in the light, Tang Wen planned to keep them for himself.

As for the collections of some dukes and some earls, Tang Wen planned to deal with them all. Anyway, that's all.

As for the Holy Grail of the Knights? Tang Wen still kept it secretly. Although he didn't know what was going on in this time and space, Tang Wen thought it would be better to keep this thing for himself.

Besides, the things that the Eye of Power wanted so much could never be thrown away easily. So Tang Wen's small treasury has a lot more priceless treasures.

After hanging up the phone with Chang Kang, Tang Wen rubbed his sore eyes. These days, Tang Wen has not slept well in the Bangyuan market, so he wants to make up for his sleep today.

"It seems that I need to find three people to play Landlord tonight before I can recover." Tang Wen muttered.

After that, Tang Wen picked up his phone and sent an address to Wu Jun, Zhang Ting and Zhang Lu.

"Play Landlord tonight."

The three girls understood immediately that Tang Wen would spend money again tonight.