I Became the Youngest Daughter of a Chaebol Family

The first CDS sale was a small-scale deal, worth about 10 billion won.

I know, calling 10 billion won “small” sounds a bit off, but major funds deal in 10 billion dollars, not won. So yeah, by those standards, it was tiny.

And since we only got a 500 million won premium out of that first CDS transaction, it felt even smaller. Honestly, it didn’t do much for Daehwa Investment Bank.

The real payoff came after.

[New Financial Product Emerges in East Asian Markets: What is a Credit Default Swap?]

[Nomura Securities Signs Additional CDS Deal with Daehwa Investment Bank...]

[Eastern Europe’s Deepening Crisis: Experts Warn of Rising Sovereign Default Risks]

[JP Morgan Sells $100 Million Worth of Credit Default Swaps...]

[ISDA Argues CDS Should Be Subject to Review: Growing Consensus for Standardized Contracts...]

The finance world bit hard on the bait.

“Don’t you regret it? I mean, you invented the product, didn’t you?”

Lee Si-hyun, back from vacation and glowing with health and beauty, made me a cup of coffee while flipping through the paper.