Crash
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Summary
- Dohyeon says he is building his ambitions by founding a cryptocurrency venture backed with nine-figure won support from investor Kevin.
- Dohyeon says he exploits youth start-up grants and extra points to cycle through intentional defaults and closures, taking advantage of loopholes in government subsidies.
- Dohyeon says the 'MOMMY coin' he developed posted record-high results, but becomes subject to monitoring by financial institutions due to its algorithm and flawed interest-income model.
"You have to live up to expectations, right?"
Dohyeon relocates—under a false registration—into Daechi-dong, Seoul, the country’s top education district, driven by his mother Okja’s zeal and his own innate greed. Despite being wealthy enough to get around in a Mercedes, he loses even the chance to become an exchange student to a friend who had been exploiting disability benefits; from the moment he learns that friend was not actually disabled, he begins to see the loopholes in government subsidies. Together with Jiwoo, a classmate he meets in a university entrepreneurship club, he exploits extra points tied to youth, women and disability status to collect youth start-up grants. Concluding that “start-up grants are blind money from the state meant to let you fail,” he deliberately bounces from intentional defaults to shutdowns. Dohyeon then launches a cryptocurrency venture backed with nine-figure won support from investor Kevin; driven by ambition, he develops the 'MOMMY' coin and delivers record-high results, but scrutiny from financial institutions follows over its algorithm and flawed interest-income model…
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