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Chapter 286 Prince Daewoo
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Chapter 288 too big to fail (1)
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... ation, and the Daewoo Consortium was the one that suffered the most serious crisis. Due to the large stalls and Jin Yuzhong's blind self-confidence, the export-oriented Daewoo consortium quickly fell into a situation where cash flow was unsustainable. For this reason, Jin Yuzhong borrowed heavily from overseas banks. When the crisis broke out, the entire The debt of the Daewoo consortium exceeds 80 billion US dollars, even more than twice its net assets. It didn't take long for this kind of debt ...
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