Money Game (Meonigeim / 머니게임)

C and D, a credit rating agency in New York,

just lowered the credit rating of our country by two levels.

Along with the turbulence in the foreign exchange market,

the US dollar is constantly leaving the country.

The won-dollar exchange rate has soared...

and has currently reached 1,400 won per dollar.

I think they're being irrational.

The credit rating agency played a big part...

in the rise of the won-dollar exchange rate.

The government is going to raise an issue.

Please tell us your future plan.

Did the government not predict any of this?

Please make way. - Excuse us.

Eugene? - Yes?

Hey. - Hey.

Shall we go? - Yes.

Mr. Han? This is Mr. Han.

This is Tina from Bahama, our partner.

Shall we sit? - Sure.

Read everything carefully...

and then sign.

This poor guy caused a financial disaster in Korea and ran away.

And we're adding 50 percent more...

from the amount you requested for taking over your corporation.

Sorry? - And from now on,

we're going to use your corporation...

however we want to without you saying anything.

Read the fine print.

This guy is a complete failure and we gave him a ray of hope.

Thank you.

Yesterday afternoon, the market closed...

with the won-dollar exchange rate at 1,380 won.

Many speculate it is caused by...

the nation's two-level drop in credit...

announced by the credit rating agency C and D in New York.

The opposing party is trying to launch...

an investigation committee regarding DPM Heo.

The National Assembly is suggesting an investigation committee.

Are you aware of that?

Your intentions are obvious.

You want to shine a light on the financial achievements...

just to win some votes in the upcoming election.

Since I...

was appointed as the DPM, our current balance has been stable.

DPM Heo, we're saying...

that you're ruining this administration.

And I'm pointing out...

that the exchange rate skyrocketing is an abnormal condition.

There were no issues with our exchange rate policies.

The same goes for our international balance of payments.

The problem we're facing at the moment...

is the elevated oil price...

and the burden of inflation.

Before it's too late, we should circulate more dollar bills...

and increase the value of our currency.

That's the exact course of action...

which ruined us during the 1997 IMF crisis.

This isn't the same, Mr. President.

Do we actually have enough dollar bills?

We have payment from selling...

foreign exchange stabilization bonds and currency stabilization bonds.

Isn't it too much of a risk?

Even if it is,

it is one we should take.

Mr. Heo, this seat...

I wasn't put in this seat...

to take risks.

I was put here to protect this nation,

but you keep pushing me to the edge of a cliff.

Have some coffee while you work.

Thank you, sir.

Foreign Exchange Stabilization Bonds...

Foreign exchange stabilization bond? I'm not so sure about that.

What do you think about Ms. Lee's report...

on foreign exchange stabilization bonds?

With our nation's now plummeted credit rating,

we won't be able to handle the steep interest...

even with an impressive roadshow.

We won't even get a chance at a roadshow.

Wait, what can I bet on that?

It's sad that I have nothing.

We will be able to hold a roadshow...

and issue foreign exchange stabilization bonds...

to the amount we can handle.

I bet our department's reputation on that.

Will it be possible?

You're predicting that we'll overcome this crisis.

I'm saying that we can try.

You shouldn't mistake hope for reality.

I'm saying we should turn our hope into reality.

Together.

Ma'am, can I get a bottle of soju? - Sure thing.

I'll take one from the freezer if you have any.

Sure.

The National Intelligence Service is out to get you.

Considering the mess we're in,

someone should be held accountable for.

Just like In Sik or Gyeong Ho back in the day.

That's what they're saying at the Blue House.

Hello, sir. - Hi.

Issuing foreign exchange stabilization bonds...

There wasn't anything in your report regarding the initial interest rate.

With 5-year bonds, 55 basis points will...

be added to the US government 5-year bonds,

and the 10-year bonds will have 75 bps...

added to the US government 10-year bonds.

Shouldn't we hold off the issue of these bonds though?

Why?

The fate of DPM Heo is still unknown.

Rumors are flying around regarding his dismissal...

and I don't want this to backfire on me.

We'll go forward with the bonds regardless of who's in office.

It's best not to create situations that can hurt our careers.

These days,

people are even trying to avoid dining with the DPM.

Hello, sir.

I heard you were questioned by the NIS.

Yes, sir.

Was it because of Eugene Han?

I made it clear that I had no relationship with him.

I have something to tell you.

We'll get going then.

Mr. Chae should watch his back too now.

It was DPM Heo who appointed him as the director general.

I hear the DPM is talking about defending our FX rate...

which is his way of pulling out all the stops,

but he should know the danger it implies.

Remember what happened in 1992? George Soros went against...

the Bank of England and broke it...

when it tried to defend itself from the attack in currency markets.

Getting involved in such antics will put you behind bars.

Mr. Chae should be thinking of a way out...

and avoiding Mr. Heo at all costs. My gosh.

What is it?

You'll need someone to carry out the FX rate defense.

Let me do it.

So that the attack can be an ambush,

I'll be discreet.

Most importantly though, you must get the president on board.

This is on a global scale...

and our relationship with the US must be considered.

The current chairman of the FSC is one of your people.

You may be pushed into a corner right now,

but you still can overpower the Governor of the Bank of Korea.

Tell me.

Why do you want to take on a job...

everyone else is avoiding?

The US categorized the Islamic Revolutionary Guard Corps...

as terrorists.

Recently, they even dispatched our battleships to the Gulf.

Imagine the oil price...

reaching 100 dollars a barrel...

or surpassing that.

The inflation rate won't be manageable.

How will we deal...

with the US though?

The US Department of the Treasury designates nations...

as currency manipulators when some conditions are met.

We'll buy foreign exchange that exceeds two percent of the GDP...

spread over six months.

Two percent of the Korean GDP is about...

30.6 billion dollars.

However, if we do take defensive action for the exchange rate,

that's nowhere near enough.

I have an idea.

What is it? - But first,

I have a condition.

Okay.

Tell me. - I'm sure Ms. Lee Hye Joon...

reported something to you.

That Eugene Han has a spy within the International Finance Bureau.

Did she tell you?

I ordered her to delay reporting it to you.

Who is it?

Please leave it to me.

That is my condition.

I can't...

trust anyone here.

It's because of Chief Jo, isn't it?

So you need to do this.

Check the fluctuations...

in the foreign exchange market every minute.

Don't miss even the most minuscule movements.

Okay - Especially monitor the oil market.

Well...

if you're considering...

defending the exchange rate,

I think you should reconsider... - Why?

It's too risky.

Why must we take on such a high risk to...

Go on.

Do you want to beat Eugene Han that badly?

Is that so bad?

Look at our foreign exchange market.

Who did that?

Eugene Han and Bahama have a special relationship with C and D.

Even in the past,

they used C and D to destroy...

a country's FX market... - Our FX market...

is the 14th or 15th in the world.