The first 197 lines.
Sang Min, how did it go?
Yi Hun, my friend says he can't give the information to an outsider.
What the...
How is the FSC an outsider?
I don't know. He just refused to give it to me.
Did you write the report...
without referring to Jungin Bank's BIS capital ratio analysis?
Okay.
You need to stop, sir.
I don't know what you're scheming, but you need to stop.
"Scheming"?
Have you lost your mind?
Don't you know what kind of situation this is?
Hey! That little...
Hey, you punk!
Darn it.
The BIS capital ratio of Jungin Bank.
There's a rumor of it being fabricated.
The average ratio of the last three months.
The BIS capital ratio of Jungin Bank.
9.3 percent?
Are you done?
Yes, I'm all done.
May I help you? - The bank president is here, right?
Sir, wait.
What's going on?
My gosh, hurry up.
This is urgent.
Okay, okay. - Things are a mess.
Come on. Let's go. - My gosh, seriously.
We don't have much time, sir.
I don't understand what you mean.
The BIS ratio of your bank isn't 6.12 percent.
Yes, it is.
Sir.
You publicly announced the need to sell our bank.
My job is to cooperate with the government so that it'll sell...
You won't be able to sell the bank at a legitimate price.
The actual BIS ratio is different.
That's impossible. You're wrong.
Sir!
I think there must've been a misunderstanding.
You're wrong.
Hello, I'm Na Joon Pyo,
the director general of the International Finance Bureau.
The government has decided to sell Jungin Bank.
Is the bank suffering from that much of a deficit?
Yes, we've received the overall situation of the bank.
And their BIS capital ratio is, as you all know,
doesn't meet the standard ratio...
suggested by the Bank for International Settlements.
The Bank for International Settlement has...
a standard ratio of risk asset to a company's equity.
If the ratio exceeds eight percent, they consider the bank stable.
But if it goes below that, the bank is considered dangerous.
However, Jungin Bank turned out to have a BIS ratio of six percent.
That means the bank is in a lot of danger.
But according to the chief of Financial Policy...
I think there was a mistake.
I'm the person in charge, not him.
That's why I'm here.
The stock price for Saerom Semiconductor...
which is owned by Jungin Bank is 1.25 dollars.
It's nine dollars!
It's nine dollars.
What do you mean it's 1.25 dollars?
The BIS capital ratio of Jungin Bank...
is exactly 6.12 percent.
Why are you doing this?
The details are written in the press release that you've all received.
Chae Yi Hun, the chief of Financial Policy at the FSC,
has raised a problem regarding the government's announcement...
of Jungin Bank's BIS capital ratio.
Meanwhile, the government was quick to settle the controversy.
Na Joon Pyo, the director general of the International Finance Bureau,
disclosed that he was the person in charge of the project.
He confirmed that Jungin Bank's BIS capital ratio is six percent...
and rebutted all the suspicions that are currently being raised.
That means the bank is in a lot of danger.
The standard BIS capital ratio is eight percent.
But Jungin Bank has a capital ratio of six percent...
which means the bank is insolvent and in danger.
Then what kind of influence can this have on the market?
Like you already mentioned, people will start to question...
the credibility of the bank.
Then that might cause them to lose their customers.
That's not true. - It's a pity...
that the government... - It's over nine percent.
didn't do anything to prevent this.
I'm sure no one ever expected a bank as big as Jungin Bank...
to have a BIS capital ratio lower than eight percent.
This is a very serious problem. Therefore...
We straightened things out, sir.
You straightened things out?
Where is Yi Hun?
Well... - Find him as fast as possible...
and bring him to my office.
About what happened today...
Let me ask you one question.
Go ahead.
Which company is it? It looks like you've already taken care of it all.
Otherwise,
there's no other reason for you to be so irrational like this.
It's going to the highest bidder.
A firm that can...
help our economy.
Wall Street?
Which private equity fund?
You're Professor Chae's son.
Be honorable.
Don't you want to take a regular retirement...
after enjoying an honorable career?
Honor was very important to your father.
If you call...
staying quiet and killing time until I retire...
an honorable retirement,
I have no intention...
of doing so.
Is that so?
Forget about this project.
I'll just accept your proposal.
Sorry?
This is a risky project.
It being a success still won't be a win for us.
Also, now that I know...
who your father was...
But sir...
Is that your only reason?
What else can there be?
Sir. - Oh, right.
Please have a seat.
Chae Yi Hun of the Financial Policy Division.
Look into him.
Also, no one can know...
where you acquired this source material.
What are you doing?
The stock price for Saerom Semiconductor...
which is owned by Jungin Bank is 1.25 dollars.
It's nine dollars!
It's nine dollars.
What do you mean it's 1.25 dollars?
The BIS capital ratio of Jungin Bank...
is exactly 6.12 percent.
Why are you doing this?
Hold on.
Why are you going through someone else's desk?
What are you doing?
I was looking for the file on the stock value of companies...
Jungin Bank invested in.
Chief Chae.
Let go of me. - Stop this.
It's not here.
What about the Banking Division? Could they have it?
It was from too long ago. Of course, they don't have it.
Yi Hun, what on earth are you getting at?
You're making it harder for us to cover for you.
Hello?
The Audit and Inspection Office?
Sure.
The Audit and Inspection Office? What's this about?
I heard the chief graduated from the same university.
He's a level-four though.
He was late to pass the state exam.
Did you get a heads-up then?
Gwang Min.
I'm sorry I couldn't make it to your father's funeral.
I was away on a business trip.
It's all right.
Say hello.
Let's sit.
We'll begin.
I received a tip regarding...
Jungin Bank.
Someone at FSC was lobbied by Jaeyoung Bank.
Jaeyoung Bank lacked in the foreign exchange department...
which is why it was interested in buying Jungin Bank.
However, Jungin was too much of a risk.
If the government takes away some of that,
Jaeyoung Bank would surely jump at the chance.
Right?
I haven't been in contact with anyone at Jaeyoung Bank.
Did you write this?
Yes.
If Jaeyoung Bank were to buy Jungin,
it would be because of this.
The bonds with warrants will relieve Jaeyoung...
of the funds needed...
and the call options will guarantee future profit.
Anyone will see this as preferential treatment.
Did you receive a bribe?
No.
I came up with the idea myself.
Saying that won't help you prove your case.
I didn't receive a bribe.
Where did you obtain this document though?
You're innocent?
I am.
No comments yet. Be the first to leave one.