I want to be a chaebol.

Chapter 167: Park Dong-ho's situation reverses (6000 words)
For Li Guangwang, who has been involved in the Hyundai Consortium for 27 years, his biggest label is that he understands economics, but he cannot escape the suspicion of being too close to the chaebol.

Li Guang came from a poor family and could barely afford to send him to junior high school, but the poor family had no way to help him continue his education.In order to allow his family to support him in continuing his studies, he never asked for tuition fees from his family. Li Guang, who came from a lower class background, could understand that the lives of ordinary people were not easy, but this made him desire wealth and success more than ordinary people.

When he was working at Hyundai Group, he got up at 5 o'clock every day and worked about 12 hours a day, which was almost twice the working hours of others. In the end, it took him [-] years to work hard to become a CEO of Hyundai Construction. President.In the first half of his life, Li Guangxu seized opportunities and his life experience was simply a myth. He was a ceiling for ordinary workers and a model of success for a generation of ordinary people.

So when Park Donghao questioned Li Guangguang's close contacts with consortium presidents such as Zhou Mengjiu, Chen Jianxi and Cui Anyuan, Li Guangguang felt insulted.He hates people saying that he is the spokesperson of the chaebol. In his heart, even the five major conglomerates in South Korea are just partners of his cooperation. He, Zhou Mengjiu and Chen Jianxi have equal status.

So when Zhou Mengjiu ran for president and wanted to recruit him as a campaign assistant, he refused without hesitation.In addition to his political differences, he was not willing to bow down to anyone.He had seen enough of Zhou Zhengyong's expression in Hyundai Group and was unwilling to continue to listen to Zhou Zhengyong's orders.

This time Li Guangwang is targeting the Seoul mayoral election for the South Korean presidential election five years later.As long as he can become the mayor of Seoul, he can use Seoul as a springboard to realize his political ambitions. Five years later, he can rely on Seoul's governance performance to help him enter the Blue House.

He originally thought he could catch Park Dong-ho's sore foot and pursue him fiercely during the TV debate. Who knew that Park Dong-ho actually came prepared, which slightly frustrated his verbal attack.

"Rep. Lee Kwang-young, Kim Boong-young, the president of a financial consulting company, fled to the United States last year. He manipulated BBK's stock price by spreading false news, causing hundreds of billions of won in losses to investors. During Kim's activities in the United States, a reporter photographed you and Kim Boong-young. During the meeting, Jin Fengying kept saying that he is not the boss of the company, but that you are the real boss behind BBK. How can Congressman Lee make up for the investors of BBK?" Park Dongho also began to use his ulterior motives to unleash his big moves.

Li Guangguang remained calm, "The reason why I met Jin Fengying was to persuade him to return to China and surrender to help BBK investors recover their losses. My second brother Li Shouyi also bought BBK stocks, and the actual economic losses exceeded tens of billions." Korean won. If I was really the shareholder behind BBK, how could I let my family fall into a huge loss?"

The BBK stock price manipulation case is the biggest stain on Li Guangxu currently. BBK’s president Jin Fengying is Li Guangxuan’s business partner.Li Guangguang provided a lot of help for BBK's listing and attended many business gatherings organized by BBK.

Li Guangzhou's rebuttal is also quite convincing. If he is really manipulating BBK's stock price behind the scenes to make profits, there is no need for him to trick his own brother Li Shouyi as well.

Li Guangzhou's second brother Li Shouyi is the first top student in his family. He has a master's degree from a university business school and has a bright future.The reason why Li Guangwang was admitted to the Business School of Korea University was also inspired by Li Shouyi.After Li Shouyi started working, he also contributed to Li Guangxu's education. The relationship between Li Guangxu and Li Shouyi had always been harmonious.

"According to the investigation report released by the prosecutor, your brother Li Shouyi bought BBK's investment fund significantly later than other investors, and it was a financial management object with delayed payment. As a result, you used his personal influence to ask Jin Fengying to give priority to your brother. Li Shouyi actually violated the interests of other investors. Do you have anything to explain to the public about this?" Park Donghao continued to ask.

Generally speaking, the investment shares of an investment fund are divided into priorities. When the fund defaults or is liquidated, fund investors receive priority in the distribution of fund assets.Generally speaking, the higher the priority of the fund, the lower the risk for investors, and they will benefit first in the asset allocation after the fund is liquidated.

Li Shouyi met BBK President Jin Fengying under the introduction of Li Guangguang, and invested in BBK's investment fund and bought BBK company shares.Later, the BBK stock price manipulation case was exposed. As a Korean-American, Kim Fengying fled back to the United States, leaving a mess of hundreds of billions of won in Seoul.

Li Shouyi bought BBK's investment fund relatively late, and what he bought was actually the shares of high-risk junior partners.Even if BBK's investment fund is liquidated, Li Shouyi will not get much compensation funds.

As a result, under Li Guangzhou's intervention, Jin Fengying obediently paid 140 billion won in principal to Li Shouyi, ensuring that Li Shouyi did not suffer any losses.Nowadays, it is said that most of Li Shouyi's 140 billion won principal actually belongs to his younger brother Li Guangwang, but he only uses his brother Li Shouyi's name to manage finances.

Jin Fengying took the money from her partner Li Guangxuan and fled to the United States. Li Guangxu had a wide network of contacts in the United States and was an old acquaintance with many capital giants on Wall Street.The reason why Li Guangzhi came forward to run for mayor was because he had the support of Americans.Jin Fengying fled back to the United States and was able to avoid South Korean prosecutors, but could not escape Li Guangwang's entanglement. In the end, Jin Fengying obediently returned the principal of 140 billion won to Li Shouyi, and then stayed in the United States to evade criminal responsibility.

"This statement is pure nonsense. Congressman Park Dong-ho, if you want to attribute me to the mastermind behind the BBK stock price manipulation case, please provide substantive evidence and don't just follow the wind."

"The Chosun Ilbo reported that when Shinhan Media was listed, your wife and Congressman Song Woo-seok's children all bought shares in Shinhan Media and made profits from them. The reason why you bought shares in Shinhan Media is also I got inside information from Shinhan Media’s president Chen Jaechan. I knew that Shinhan Media had major benefits and that its stock price would rise sharply after its listing, so I made profits by buying and selling stocks. Isn’t this behavior of yours infringing on Shinhan Media’s small shareholders? "Our rights?" Li Guangguang decided to turn from passive to active and started to fight back directly.

The verbal battle between Li Guangguang and Park Donghao made the audience in front of the TV very enjoyable to watch, and it felt like they were watching a hearty debate.Park Donghao and Li Guangguang are both very eloquent and have rigorous logical thinking. They can seize a key issue and hit their opponents hard.

"My wife is a full-time housewife. Our family's largest income is my salary and allowances when I was a member of Congress, which is about 500 million won per month. The total family savings now do not exceed 4 million won (240 million yuan). ."

"My son Park Yongjun has graduated from college and works in an art museum in Seoul. He has now reached the age of marriage. His girlfriend's parents hope that Yongjun will buy a house in Seoul as a wedding room, but as parents We also can’t afford an apartment in a good location in Seoul.”

Park Dong-ho's words resonated with many middle-aged parents in front of the TV.It turns out that even Park Dong-ho, who is as rich as a congressman, is still troubled by his children's marriage and buying a house.

"My wife does not invest or make profits by buying and selling stocks. She also wants to help her family improve their income through stock trading. In addition to Shinhan Media stocks, she also bought Samsung Electronics, Hyundai Motor, Asan Group, SM Entertainment and other companies' stocks, the overall stock price has profit and loss, the overall income is a little higher than the five-year bank deposit. The total value of Shinhan Media stocks she personally holds does not exceed 1000 million won, I I don’t understand why the Chosun Ilbo said that we knew inside information in advance and made profits by manipulating the stock price. Have you ever seen a bookmaker who used 1000 million won to manipulate the stock price?” Park Donghao continued to ask.

Park Donghao's response was very frank. You attacked my wife for buying Shinhan Media's shares because Song Yi has a close personal relationship with Shinhan Media's major shareholders, Chen Jaechan and his wife.

After Shinhan Media was listed, Song Woo-seok's brother and Park Dong-ho's wife both bought Shinhan Media's stocks. Because Shinhan Media's stocks have been rising, Chosun Ilbo suspected that Park Dong-ho and the others had learned inside information from Song Yi in advance. Very normal.

"Member Park, you said that your wife is not good at investing. Isn't it abnormal that a person who doesn't know how to invest is willing to spend half of his family savings to buy stocks? Then what is your wife's reason for buying stocks? Where are these stocks?" Li Guangming obviously did not intend to give up.

Park Donghao was clearly prepared, "According to a survey, there are more than 4000 million stock accounts in our country, and 83% of Koreans are stock traders. Many of them are full-time housewives. I don't understand why my wife becomes a stock trader." News, is it the law that stipulates that the spouses of civil servants cannot trade in stocks?”

"As for why my wife bought these stocks, it's actually because she only knows these companies and understands them relatively well. This is just like when you are planning to get married, you will definitely choose from the friends you know first, rather than find a stranger to suddenly get married. Right?" Park Donghao made a joke.

Li Guangguang hit a wall again. He suddenly regretted having today's debate.If he loses the election due to a good electoral situation because of the TV debate and ultimately loses the election as mayor of Seoul, he will lose his use value among Americans, conservatives and chaebol groups.

With the assistance of Xinya Network's AI, Park Donghao spoke eloquently to the questions raised by Li Guangxi, and his answers were calm and leisurely. On the other hand, Li Guangxi looked tired and wished that the TV debate would end as soon as possible.

"Compared to my wife's petty profits in the stock market, Congressman Li is the real investment expert."

"The largest shareholder and chairman of the auto parts company DAS Group is Congressman Lee's eldest brother, but Congressman Lee is the actual controller behind this company."

"The DAS Group supports Congressman Lee's mayoral election campaign by setting up secret treasury and misappropriating corporate funds, and the DAS Group may also be involved in tax evasion. However, Congressman Lee has been using his privileges as a member of the National Assembly to put pressure on the prosecutor's office and the National Tax Service. , asking them not to investigate the DAS Group."

"Congressman Li is so afraid of the prosecutors investigating the DAS Group. Is it because he is afraid that the prosecutors will find evidence of your embezzled funds in the DAS Group, so he keeps interfering with the administration of justice?"

"If, as Congressman Lee said, you have nothing to do with the DAS Group, then I ask the Seoul District Prosecutor's Office to investigate the DAS Group. If Congressman Lee is really innocent, I am willing to apologize to Congressman Lee in public!" Park Donghao said forcefully. said.

Li Guangguang felt guilty when he saw Park Donghao's determined eyes and did not dare to look at him.The viewers in front of the TV also noticed Li Guangguang's expression and knew that Park Donghao would not mention DAS Group for no reason. There must be something fishy in it.

Although the central air conditioning was turned on in the studio, Li Guangguang felt that it was extremely hot in the hall, and he felt that his forehead was already sweating.He didn't know what the problem was, whether it was his eldest brother who was showing off, or whether there were informants from Park Donghao and the others in the DAS Group.South Korea's automobile manufacturing industry is very developed. When he was working at Hyundai Group, he focused on the highly profitable auto parts industry.

Through Zhou Mongjiu's relationship, he supplies auto parts to Hyundai Motor Group through DAS Group. The income from this part is very stable, with annual corporate income reaching tens of billions of won.Zhou Mengjiu also needed Li Guangguang to speak for him in Congress, so he acquiesced to the existence of this part of the business.

If the Seoul District Prosecutor's Office really investigated the DAS Group, Li Guangguang was worried that his eldest brother would not be able to withstand the pressure, so he finally confessed that he had been instructing his eldest brother to transfer corporate funds from the DAS Group's account for his personal use.Korean chaebols have all done this, including Chen Jianxi, Zhou Mengjiu, Cui Anyuan, etc. He just followed suit.

"Congressman Park, the principle of justice is to prove the guilt beyond a doubt, and there can be no presumption of guilt. We pay attention to who claims and who provides evidence. If you think that I embezzled through the DAS Group, please show me the evidence that I misappropriated funds in the DAS Group, instead of If they think I’m a suspect, they’re asking the Seoul District Prosecutor’s Office to investigate me.”

"According to your statement, I think Congressman Park provided assistance to the business activities of Chairman Song Yi of New Asia Media Real Estate Group and asked the Prosecutor's Office and the National Tax Service to investigate the accounts of New Asia Media Real Estate Group. Do you have to agree?" Li Optical rhetorical question.

Park Donghao was simply enjoying himself. He didn't expect that Li Guangguang was really in trouble.

Li Guangguang looks at others through colored glasses. He makes money through the DAS Group. He thinks that Song Woo-seok and Park Dong-ho are the same type of people as him. They also make money through the New Asia Media Real Estate Group. Otherwise, why would Song Woo-seok and Park Dong-ho spare no effort to help Song Yi? provide support?

"I can't make the decision for Chairman Song Yi of New Asia Media Real Estate Group, but I can guarantee that I have no financial dealings with New Asia Media Real Estate Group or Song Yi personally. My wife once suggested borrowing money from Song Yi to help Yongjun buy a house. I sternly refused to use my salary in the next few years to repay it.”

"I'm not afraid that Chairman Song Yi won't lend me money, but I'm afraid that he won't be in a hurry to let me pay it back. This is actually using power to infringe on the interests of law-abiding entrepreneurs. If I were not a member of Congress, would Chairman Song Yi still be willing to lend me money? ? I'm afraid not necessarily. If I am elected mayor of Seoul, whether I or my relatives accepted bribes, I will immediately take the blame and resign." Park Donghao answered with a righteous look.

At the final stage of the TV debate, Park Dong-ho, who looked upright, had obviously surpassed Li Guangwang, who had twinkling eyes.

Li Guangwang finally focused on the real estate issue in Seoul, asking Park Donghao how to curb the uncontrolled high housing prices in Seoul and how to fulfill his campaign promise of "let young people live in their own houses."

When things have developed to this point, Park Donghao knows that he has a chance to win.Almost all the questions prepared by Li Guangxi today were predicted by Xinya Network's AI model. Therefore, Li Guangxu was in a state of embarrassment throughout the TV debate and was defeated step by step because of mental arithmetic and unintentional calculations.

Facing the Seoul citizens in front of the TV, Park Donghao threw out his trump card and promptly proposed his long-term rental apartment plan.

If Park Dong-ho is elected mayor, he will establish a state-owned real estate leasing company, carry out construction and acquisition at the same time, and launch a number of long-term rental apartments suitable for young people on the market.

The bank will provide a 1000 billion won loan to the property rental company as start-up capital for the long-term rental apartment project.The subsequent source of funds for long-term rental apartments comes from the full rental deposit provided by the tenants.

When young people have established themselves in Seoul and have worked for several years, they can use their savings to buy the apartments they rent. The price of the apartment will be lower than that of the surrounding new communities, and the rent they paid before will also be enough. Deducting the purchase price of the apartment, the rent they paid before is also equivalent to a disguised savings.

The operating model of long-term rental apartments can help young people working hard in Seoul to live in their own houses earlier.Since it is a property leasing company with a state-owned background, they do not have to worry about the property leasing company as the landlord increasing prices at will, because every rent adjustment requires a hearing just like water, electricity, and natural gas industries that are related to the national economy and people's livelihood.

They don’t have to worry about moving around and having no fixed place to live, because they can eventually buy the apartment they rented and turn it into their own house through their own efforts. "Let young people live in their own homes" is not only a campaign promise, but also the first benevolent policy he has implemented since taking office.

The original intention of establishing this state-owned real estate leasing company was not to make huge profits through the real estate industry, but to provide a place for millions of young people in Seoul City to settle down.

After Li Xianzhen heard Park Donghao's words, he felt that Park Donghao's image suddenly became much taller.She suddenly felt that there were some outstanding doers among politicians who were working hard to promote social progress, eliminate the gap between the rich and the poor, improve the welfare of citizens, and enhance the happiness of the people.This may be "establishing a mind for the sake of heaven and earth, and establishing a people for the sake of livelihood."

As an opponent in the election, Li Guangguang also had to admit that Park Donghao's long-term rental apartment plan is very feasible.He looks very ugly now. Originally, he thought he could defeat Park Donghao in one fell swoop during the TV debate, but who knew that Park Donghao actually showed good economic skills.

At the end of the TV debate, Park Donghao shook hands with Li Guangwang. Li Guangwang was still a little unconvinced, "This long-term rental apartment plan is definitely not your work, right?"

Park Donghao admitted directly, "You are right, but it doesn't matter who proposed it. The key is whether it can help the young people who are involved in the crisis. The pressure on their shoulders is really too great."

Although the TV debate is over, the aftermath of this debate is far from over.

Song Yi, chairman of New Asia Media Real Estate Group, accepted an interview with the "East Asia Daily" and clearly praised Park Donghao's long-term rental apartment plan.New Asia Construction, a real estate company under New Asia Media Real Estate Group, is willing to contribute to Seoul’s long-term rental apartment plan.

After Song Yi heard what happened to the residents of Jiulong Village, he felt very sympathetic to them.He believes that South Korea should not forget these meritorious officials who made sacrifices for the bid to host the Seoul Olympics. New Asia Construction is willing to invest 100 billion won to transform Jiulong Village as a pilot project for long-term rental apartment projects in Seoul.Provide a comfortable living environment for the residents of Kowloon Village.

In addition to the Kowloon Village project, Song Yi also responded to Li Guangguang's questions in the TV debate.

Song Yi announced that New Asia Media Real Estate Group has officially launched its listing plan and has invited PricewaterhouseCoopers to audit the financial affairs of New Asia Media Real Estate Group.

After the audit report is released, it can be confirmed that New Asia Media Real Estate Group and Park Donghao have no financial dealings.

New Asia Media Real Estate Group is preparing to go public through a backdoor listing. The specific company target of the backdoor listing is not convenient for disclosure to the outside world, and all work is being carried out in an orderly manner.

Song Yi's meaning is very clear. New Asia Media Real Estate Group is not afraid of audits by the Procuratorate or the National Taxation Department. So can the DAS Group involved in Li Guangguang withstand external audits?

As soon as the Dong-A Ilbo interview came out, Park Dong-ho's public support rate further increased, while Lee Guangwang's support rate dropped further. The gap between the two sides has almost been eliminated. Now everyone is waiting for the results of the Seoul mayoral vote on July 7.
A small number of interested people have noticed that New Asia Media Real Estate Group, which was established less than three years ago, is preparing to go public through a backdoor listing. They have begun to speculate on the listing location of New Asia Media Real Estate Group.

Is it mainland A-shares, or Hong Kong stocks, or the Korean Main Board Market or the Japan Stock Exchange.After all, the outside world knows that Japan’s richest man Masayoshi Son and Song Yi have a close relationship. The two established New Asia Network (Japan) Co., Ltd. to jointly operate the inschool Japan website.

In fact, the Korean people are also very curious about Song Yi. They only know that Song Yi is very rich, but they don't know how much money Song Yi actually has.

If New Asia Media Real Estate Group successfully goes public via backdoor listing, Song Yi's personal shareholding information will be made public.Judging from the current revenue of New Asia Media Real Estate Group, the market value of this company when it is listed will not be less than one trillion won.

At this time, some capital institutions had guessed that New Asia Media Real Estate Group's backdoor listing target must be Shinhan Media, and were ready to buy Shinhan Media's shares. However, they suddenly discovered that there were already institutions on the market that had bought in in advance, causing them to miss out. Good opportunity.
　It’s a big chapter of 6000 words. I’ll update it more on weekends. If I have something to do tonight, I’ll see you tomorrow. Thank you all for your monthly votes!

　　
　
(End of this chapter)