(All characters, organizations, places, and events are fictional.)
(Episode 3)
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.
(Lee Hye Joon, Level-5 Civil Servant International Finance Bureau)
The BIS capital ratio of Jungin Bank.
There's a rumor of it being fabricated.
(Current BIS Capital Ratio of Jungin Bank)
(Jungin Bank BIS Ratio in 2nd Quarter)
(BIS Capital Ratio)
The average ratio of the last three months.
The BIS capital ratio of Jungin Bank.
9.3 percent?
(Print)
(BIS Capital Ratio of September 2019)
Are you done?
Yes, I'm all done.
- May I help you? - The bank president is here, right?
Sir, wait.
(Kang Won Hee, President of Jungin Bank)
What's going on?
My gosh, hurry up.
(Na Joon Pyo, Director General of International Finance Bureau)
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.
(Press Release)
(Current Profitability)
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.
(Heo Jae, Chairman of FSC)
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?
(Disposal Plan for Jungin Bank)
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?
(Choi Gwang Min, Chief of FSC's Audit and Inspection Office)
- 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.
(Financial Policy Division)
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.
(Call option: option to buy stocks or bonds...)
(at an agreed price before a particular date)
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.
Can you prove it?
If you can't prove it,
you'll be reported to the prosecution.
What's the reason?
Why are you coming to Korea?
From now on, I'm going to be taking care...
of the Jungin Bank issue.
That's what I mean. Explain to me the reason...
why you are taking charge.
You underestimated your counterpart. That's the reason, okay?
(Eugene Han, Branch Manager of Bahama New York)
(Temporary residence of the President of Sumar)
Turn around.
It's for self-defense.
As you know, I always carry it around.
I have less than 10 days left. Please, extend the days.
That will be difficult.
We'll have to withdraw the deposit as planned.
But the securities... The fund that...
UNICEF support for cholera.
If you take that away, 200,000 children will die.
That's a pity.
It's 200,000, maybe even more.
That's unfortunate,
but the bank doesn't do business in losing money.
This is how it works.
(Marley Aksum, President of Sumar)
Stop!
Even if you kill me,
nothing changes.
Please, please. Please help me.
My life depends on you.
Mr. President,
your life is in your hands.
Selling the business in secret is absurd.
We stand here to prevent it.
- Here we stand. - Here we stand.
How is this appropriate?
Guarantee that we will keep our jobs.
- Guarantee it! - Guarantee it!
Secret sales are unacceptable!
Woojin Shipbuilding's negotiations with the labor union...
regarding the strike is expected to face its biggest obstacle.
The government, which decided to sell Jungin Bank,
plans to put a close to the problem surrounding Woojin Shipbuilding,
which worsened Jungin Bank's financial situation.
The labor union strongly opposes this measure.
At the core of the conflict with the labor union...
is employee retention.
The company notified the union...
that they will accept voluntary resignations...
and will outsource labor to fill the need.
The labor union has opposed this offer...
and insisted that even if there is a new creditor bank,
employee retention must be guaranteed.
- Let's begin. - Okay.
We cannot agree to voluntary resignation and outsourcing.
A 30 percent cut back on wages is the most we will agree to.
It is impossible for our company to be normalized...
with just a 30 percent cutback on wages.
Then we cannot return to work.
Listen. We need to save the company first.
If the labor force dies, so does the company.
You people are trying to kill the laborers.
How could the company survive?
It's because of people like you...
that foreign companies refuse to do business in Korea.
Do you realize that?
We're talking with management...
I'm here as a shareholder of the creditor bank...
that you people destroyed.
I have the right to speak.
Okay.
If the laborers die, the company dies?
Are you threatening us?
- Of all the... - Listen to him talk.
The company must survive for the laborers to survive.
The company must survive for the contractors to survive.
The company must survive for the nation's economy to survive.
Am I wrong?
Shut your mouth, Chairman Heo!
You have no right to speak!
- You have no right. - Keep your mouth shut.
Chairman Heo.
This is a labor negotiation.
That's all good. However...
your labor negotiation...
- is a joke. - What was that?
- You were in on it. - What was that?
Your labor negotiation is what destroyed the company!
Are you done?
Calm down and listen.
Listen.
Management lobbied with the bank and received a large sum of money.
What did you do with it?
Tell me.
- Management blew it recklessly. - What is he talking about?
What?
- Didn't you know? - What do you mean?
They gave you a little money, so you took it and stayed quiet!
- How dare you say that? - I've had enough of you!
Are you done?
You should be ashamed!
That's why you want to shut me up, isn't it?
You people...
are like Judas who sold Jesus...
for a few pieces of silver.
- What? Judas? - Are you done?
Calm down!
- Let go! - Clear a path.
Chairman Heo, repent!
Why did you make things worse?
I did not.
This negotiation is a sham that must be ended.
Is that why you came?
- Repent! - Stop right there!
Chairman Heo...
Repent!
Chairman Heo, repent!
Guarantee employee retention!
- Guarantee it! - Guarantee it!
Guarantee full employee retention!
- Guarantee it! - Guarantee it!
Guarantee employee retention!
- Guarantee it! - Guarantee it!
Guarantee full employee retention!
Guarantee it!
He's leaving!
- Stop him! - He's leaving!
Hello?
The audit is complete.
I'll report it to you when you have time.
- I'm heading back now. - Stop him!
This afternoon.
Then... I'll report it quietly.
No.
Call everyone from secretaries and up to the conference room.
These irritants getting in the way of the government...
with their vile beliefs...
must be publicly removed.
Guarantee full employee retention!
Guarantee it!
How can you eat in this situation?
Can you actually stomach it?
- How's Man Ok? - She's full of herself.
She used to look like a movie star back in the day.
A woman must meet a good man if she wants a good life
- What? - What?
I'm saying you married well.
Hey.
- The creditor bank of Woojin... - It's Ma Ri.
- is Jungin Bank. - Ma Ri.
It has been revealed that Jungin Bank...
has a BIS capital ratio of 6 percent,
and their financial health is being doubted.
- What? - With the government...
deciding on the sale of Jungin Bank,
there is a risk of more crises like that of Woojin Shipbuilding...
resulting therefrom.
As serious economic chaos resulting therefrom is expected,
some say financially distressed companies should be shut down...
in order to revive the economy.
Why?
I don't understand any of that.
Take some interest in what's happening in the world.
Where are you going? Hey.
That punk.
Did I look okay on camera the other day?
I told you.
- You could be an actor. - Really?
I told you. You're better looking than most celebrities.
I shouldn't have done so well in school.
You know Young and Soo?
The law firm?
Yes. The one that pretty much controls Korea.
A friend there told me...
that I'd be the face of their firm someday.
You know many law school grads can't get jobs these days.
It was uncovered that Jungin Bank's BIS capital ratio is six percent.
That means it's at risk.
Do you still keep in touch with people at Young and Soo?
I'll call you next time I get drinks with them.
- It's a good connection to have. - Thank you.
What are you doing?
- Nothing. - Are you okay?
- Pardon? - The Currency Swap with the UK.
Director Na submitted it in his name to the deputy prime minister.
You did the right thing.
Just go with the flow,
and eventually, you'll reach the ocean.
(Financial Services Commission)
Let's begin.
Two weeks ago, Auditing received a tip...
that someone in charge of Jaeyoung Bank...
is lobbying someone in Financial Policy at FSC.
This is what Auditing uncovered regarding the lobbying.
5,000 dollars in cash.
1,800 dollars in wining in dining.
6,800-dollar designer bag...
and three ties that cost up to 700 dollars in total.
That's very detailed.
Jaeyoung Bank gave us the information.
- You got it from them directly? - Yes, sir.
Director Kook.
Did you receive all the following items?
- My gosh. - Really?
What? No, I didn't. Why would I...
I'm sure Jaeyoung Bank had more to offer.
They probably just thought of this as a process to get what they want.
But when they found out that Jungin Bank's BIS capital ratio...
turned out to be a lot lower than expected,
they probably figured that they might not get chosen...
as the final buyer of Jungin Bank.
So in order to use our weakness against us,
they were blackmailing Director Kook with the stuff they had bought him.
Additional evidence such as CCTV footage, photos, and receipts...
will be sent to you separately, sir.
As you already know,
this can definitely be seen as a favor.
But sometimes, it's inevitable in order to sell an insolvent bank.
And this is that very situation.
I gave this report...
to Chairman Heo.
If Jaeyoung Bank...
really did lobby someone,
it's probably one of his guys.
You should look into it.
Okay.
Once Jaeyoung Bank started to blackmail him,
Director Kook returned everything he had received.
In that sense, we should use this as a chance to learn our lesson...
- and deal with it internally. - No.
Request the prosecution for an investigation.
Sir... Sir.
Even though he returned the goods,
what's important is that he intended to keep them at first.
He could get convicted of bribery.
Request the prosecution for an investigation.
I can't believe this.
My goodness.
- What just happened? - My gosh, seriously.
[VIU Ver] tvN E03 'Money Game' "Jongin Bank's BIS Capital Ratio" -♥ Ruo Xi ♥-
Did the deputy prime minister take a look at the report?
What? He hasn't seen it yet?
But he asked me to send it in such a hurry.
Seriously?
Why does she have to be so mean?
Who's calling?
Hey, sir.
What?
I know I'm too old
To be yearning for youth
But for some reason
There seems to be a hole in my heart
- It's the yearning of the past - Yearning of the past
- It's about romance - It's about romance
Look at you having fun. What happened?
Have a drink.
What happened?
Don't trust Chairman Heo.
When did we ever trust him?
- Go on. - Jaeyoung Bank gave me a gift...
when you were trying to reach Hope Bank.
And?
Those jerks kept giving me stuff, but once things didn't work out,
they used that against me as my weakness.
So I returned everything to them.
You should've received everything after the deal.
Who knew things would turn out this way?
You see,
I already asked a prosecutor friend about you.
He says they're going to deal with it quietly.
Hey, come on. Chairman Heo can't mess with us.
More so because of what we did with Jungin Bank's BIS capital ratio.
- That's right! - Go ahead and sing a song.
Here comes Na Joon Pyo!
I love you
You're the only one I love
I shout at the top of my lungs
But all I see is the quiet sunset
When I'm reminded of the memories
That I should've forgotten with time
I close my eyes and I quietly
Call your name
I know
That I won't ever
Get to see your beautiful face again
But I have no regrets
Just like that burning sunset
Hey, I don't get Chairman Heo.
Why does he want me to take care of something...
that he can't even do himself?
What's that?
One of our level-four secretaries is getting transferred.
And he wants Chae Yi Hun to fill in that spot.
But he's a chief. Don't you have an interim?
He'll no longer be chief.
Chairman Heo wants me to keep him in check.
My gosh, let me tell you something.
He doesn't want you to keep him in check.
He wants you to make him useless and have him kicked out.
Oh, come on. He's already a chief.
I'll need a good reason to do that.
What he did at the National Assembly Audit...
could be seen as a huge mistake.
My gosh, Chairman Heo...
is a scary man.
My gosh, seriously.
His father passed away due to an accident.
And now, he's so close to losing his job.
My goodness, poor Yi Hun.
- Give me a shot. - Sure.
- Did you see that? - Yes, I wonder what happened.
(Personnel Appointment, Chae Yi Hun, FSC Chief of Financial Policy)
(To MOEF Secretary of International Finance Bureau)
- This is delicious. - My goodness.
- This is incredible. - Yes.
- Good for him. - Great job.
- It's nice to meet you all. - It's been so long.
This is great.
This is nice.
Do you like the food?
I heard Professor Chae's books got sent to our school.
He was like the son of Milton Friedman.
Some of the books are the ones he read...
back when he studied in Chicago.
Apparently, the library is going to build a separate bookshelf for him.
- That's great. - By the way,
since we're on that subject,
why don't we build a memorial hall at our school?
- That's a good idea. - Yes, it is.
Everyone here can pitch in.
People working in corporations will pay a bit extra.
- Yes. - Of course.
Or someone could just build it and donate it to the school.
- Yes, that's good too. - That's another idea.
I don't think we should do that.
Well...
I have two reasons.
First of all, Professor Chae has students working everywhere...
including academia, finance, and the government.
And that's creating a bias in our country's education of economics.
People need to study in the States in order to get acknowledged.
Jang Yong Joon studied in England to be a professor,
but he got rejected three times by his own school.
It's because they don't consider it mainstream.
But let's be honest. How absurd is that?
A biased view will eventually cause distortion.
You do have a point there.
But he still deserves credit for his achievements.
- Yes, of course. - Most certainly.
Secondly,
Professor Chae never liked being in the spotlight.
He was asked to be the deputy prime minister of Economy and Finance...
from many administrations including this one.
But you all know that he refused every single time.
He always liked keeping things quiet.
So I'm sure he wouldn't want us to cause a big fuss about his death.
We're just really upset that he had to pass away.
Yes, exactly.
Professor Chae is a proud alumnus of our school.
And he played a very important role in our country's economy.
Him being forgotten too easily...
is something I find upsetting.
Hey!
Being forgotten...
is a right only the dead possesses.
Doing anything in the fallen's name...
is so that the living can console themselves.
What's the purpose of it?
All right, we'll talk about that some other time. Let's drink.
- Sure. - You're right. Let's drink.
We haven't gotten together in a while, so let's have fun.
("The Great Transformation" by Karl Polanyi)
(Ministry of Economy and Finance)
Professor Chae rarely talked about his family.
His son though?
I can't believe it.
Sir, didn't he pass the state exam before you did?
Well... Darn it.
Didn't you work with him at the MOFE?
No, I was far away from it.
But now you're working with the best of the best.
Unbelievable.
Did you say that to belittle me?
No, of course not.
Why would I ever?
I heard this from my friend at the FSC.
At first, Mr. Chae was Chairman Heo's person.
Whether that was his intention or not,
Mr. Chae was the one...
who triggered Chairman Go's dismissal.
However, he got in the face...
of Chairman Heo in regard to Jungin Bank,
and that's what brought his demise.
Jungin Bank?
Ms. Lee, you know something?
No, sir.
Anyway, it'll be uncomfortable for you, sir.
How should we address him now?
We already have a chief, so what does that make him?
He may no longer officially be one,
but we should call him that.
But then we'll be uncomfortable.
I've worked with him on a few projects.
He's not the stubborn type, so it'll be fine.
Like always, we go as the water flows.
Clear this up and get back to work.
- Yes, sir. - Yes, sir.
He may not say it, but I bet this is making him uncomfortable.
- Let's get back to work. - Sure.
- Let's go. - Got it.
Yes.
Yes, of course.
- Would you like some coffee? - I'm good.
- What about you? - I'm fine too.
I'm personally grateful...
for the chairman sending me such a talent in the industry.
We have more to do here than they do at the FSC.
- You worked here, so you'd know. - Sure.
The foreign exchange rate has been crazy, right?
The US, China, and even Japan have been like headless chickens.
That's right.
Government agencies tend to consider seniority above anything.
I, for one, think it's illogical.
You should ask a subordinate for guidance on topics you don't know.
That's right.
Not doing so is how you fall behind.
You've been away from the MOEF for a while.
You can ask our new recruit level-five Lee Hye Joon.
She says she's an expert on currency and foreign exchange rates.
- A new recruit? - Yes.
She's someone I've been particularly fond of.
She's a smart one.
Ask her for any help.
(Chae Yi Hun, MOEF)
Yes, thanks.
Hold on.
Hello?
She's someone I've been particularly fond of.
Where are you right now?
Auntie.
I'm sorry, I know you're busy.
The total debt is about 400,000 dollars.
He even dealt with loan sharks.
Paying it back seemed crucial, so I put up the house for sale.
The realtor figured out that I urgently needed the money...
and called an unbelievably low price.
I can never sell it for that price.
So in order to wait a few months, I need to pay the interest.
I'll pay you back, all right?
- Hye Joon... - I'm still paying off...
my student loans.
Also, realistically speaking,
you'll never be able to pay me back.
In order to keep that house,
I've been bunking in the small room at our chicken restaurant.
I can't put it up for sale at a low price.
Be rational about this...
and think about if holding onto it is a better option.
Paying off your debt first could be better.
So you won't lend me the money?
It doesn't matter how much I lend you.
You'll only give it to Uncle Soo Ho.
How will that solve anything?
So you can't help?
Just so you know, Ma Ri...
had to provide for all of us.
Please don't tell her.
Mr. Chae, welcome!
- All right. - Cheers!
The chief said he's buying today.
- Nice. - All right.
There's no need to say it like that.
You, Hye Joon.
You're a true success story.
Of course.
Be proud of what you've achieved.
- You sure did. - Right.
Why do you think I'm telling you to be proud?
Wait, hold on.
Let me ask this first.
Who are we to thank for overcoming the IMF crisis?
- Stop it. - Me...
Wasn't it the people? The gold-collecting campaign and...
Are you kidding me?
It was thanks to our seniors.
The seniors as in the bureaucrats of the economic field.
Remember our two presidents at the time?
- Sir, why bring that up... - Hush.
Just let him speak,
chief.
Do you know who controlled those presidents...
to do their bidding?
Our seniors in the economic field.
- How can you not know that? - All right.
Everyone, please raise your glasses.
- Raise your glasses. - Okay.
Here's to our director's health and success,
and the Blue House has been saying this often lately...
Chief Chae Yi Hun.
Let's help each other out.
That's right.
- Sure. - Good, good.
- What happened to the debt? - It's gone!
Goodbye debt!
Yes.
Let me pour you a drink, sir.
No, no. Soo Jong, you pour me one.
Director Na!
Hold on.
Director Na's leaving!
Hey!
Open the door.
- Get moving. - Okay.
- Director Na. - Call a designated driver.
Let's go!
- Come on. - Let go!
Okay.
- Good night, sir. - I love you, sir.
- I'm not interested, punk. - Good night, sir.
Get rid of him.
Hey!
Go Yonsei.
Good night!
- Good night, sir. - Good night.
- Good night. I'll go too. - Okay.
- Good night. - Good night.
Me too! Let's go.
Good night.
I look forward to working with you, sir.
- I'll go too... - No, no. We should...
have another drink.
There may be no hard feelings between us,
but I'm sure there are things to resolve.
The Law Of Diminishing Marginal Utility
Alcohol is the only thing to which that does not apply.
- Let's go for another drink. - Yes.
- This is why I like you. - Let's go.
You don't know about life if you drink soda.
Are you done yet?
Almost.
Should we hire help?
We can't afford it. Here.
Is our chicken coming?
Coming right up.
Okay.
- Enjoy. - Thank you.
Check, please.
- Auntie. - You came? I feel bad.
- Hi, I'm here. - You came back?
- To help out. - Have a nice evening.
Thank you.
Why did you come?
- Hello. - Hello.
Are you moonlighting?
This is my aunt's shop.
So that's why you ran over right after.
Hey. Did you know?
It was a lucky coincidence.
I want soju.
Here you go.
Do you need anything else?
- Enjoy. - Thank you.
Stay.
Chief Chae and I...
need to work well together for the sake of our organization.
I really wanted to say that.
I look forward to working with you.
On that note, let me pour you one.
Thank you.
Okay.
I have a question.
I was wondering...
what happened with Jungin Bank's BIS capital ratio.
Why?
Yes, it was manipulated.
How?
I was just wondering...
if it was possible to manipulate something like that.
Ms. Lee.
There you go again.
Why are you being so confrontational again?
You studied hard to get in.
You should get along with people,
play it safe, and don't create waves.
That's the key to lasting long in this bureaucracy.
I hear you are Director Na's favorite.
I am not.
Did he say that?
He's full of it.
You said you loved him earlier.
Who did?
I love you, Director Na.
That was pretty lame, wasn't it?
It was very pure.
That's true.
You can lower the BIS capital ratio...
if you overestimate accounts receivables to be written off...
to reflect latent financial distress.
Latent bad debt...
Do you mean whether to reflect it when performance is high...
or when it is low? Is that it?
Simply put, that's right.
Furthermore, undervaluing the worth of the company stock...
is probably included as well.
Do you think there's a connection?
I do.
Why would...
Chairman Heo do that? There's no reason to.
We may just be unaware of his reason.
Jungin Bank being sold on Wall Street...
isn't necessarily a problem.
An investment. We can consider it an investment.
We're giving them a way in.
It's not an investment.
What are you talking about?
Is there a way to expose them?
The analysis report of Jungin Bank's BIS capital ratio.
(BIS Capital Ratio of September 2019)
If we had that, it would be a done deal.
But Jungin won't provide it.
They won't hand it over.
Let's drink.
Let's drink. Cheers.
All of that is my wife's and my...
sweat and blood.
I'm saying, there are many people...
frustrated at life.
Well...
They say 1 of 4 entrepreneurs run a chicken shop.
The survival rate is under 30 percent. Why...
Do you think we opened this...
because we didn't know that?
Life is unfair.
When they said all the banks were going under during the IMF crisis,
I brought over my daughter's gold jewelry.
People like me who donated our gold and silver back then...
are the ones who saved the banks.
But those banks turn their backs on people like me...
if I try to do anything.
You're high up there doing the nation's work.
Let me ask you something.
What did you do,
that things ended up this way?
I'm sorry, that's all I can say.
Whatever.
Just take good care of Hye Joon.
I owe her a lot.
If Korea wants to succeed,
people like Hye Joon must succeed.
I feel so bad for her.
Every time I think of her,
my heart...
aches so much.
I have big news. The government is receiving offers for Jungin Bank,
and I heard Bahama is participating as well.
"Bahama"?
"Bahama".
Sir, please!
Sir!
Let me go! Let go of me!
Don't run away, you jerk!
What about us? What about me and my family?
("The Great Transformation" by Karl Polanyi)
We're giving them a way in.
It's not an investment.
Is there a way to expose them?
The analysis report of Jungin Bank's BIS capital ratio.
If we had that, it would be a done deal.
But Jungin won't provide it.
(BIS Capital Ratio of September 2019)
(Eugene)
Hello?
Hey, have you been well?
Yes, me too. I've finally arrived in Korea.
That's right. I'm expecting great things.
Okay, I hope you're ready.
(Ministry of Economy and Finance)
A document that proves that Jungin Bank’s BIS capital ratio...
announced by the government was actually manipulated.
According to the document, their average BIS capital ratio...
of the past three months was exactly 9.3 percent.
That is clearly a big difference compared to the ratio...
that was announced by the government.
And at this rate, foreign financial institutions...
including Bahama won’t be able to bid for Jungin Bank.
(Ministry of Economy and Finance)
If a foreign investment company wishes to buy...
a financial institution in our country,
the institution needs to be completely insolvent...
with a BIS capital ratio that's lower than eight percent.
Therefore, people are starting to question...
why the BIS capital ratio of Jungin Bank...
was lowered to six percent.
(Money Game)
It's time to start our business.
- You might end up taking the blame. - I chose to do this.
I don't care who the buyer is. Jungin Bank needs to get sold.
You need to take responsibility for what you did.
Or should I ask Lee Hye Joon to take responsibility instead?
A lot of people come to us with tempting offers.
I think she sold it to a reporter.
- Yes, that's right. - Please trust me, Mr. President.
Did you lie to the president because of Bahama?
A new recruit leaked internal information for money.
I heard you specifically asked for me, Chairman Heo.
I'm a very dangerous person.