Investor That Can See The Future

Chapter 454

Negotiations between the U.S. and North Korea went awry just before I fought with the U.S. over the issue of Zhou tea technology hijacking with China.

Then the North Korean media poured accusations on the United States, and slandered me as well. One of the most famous news anchors in the world, the so-called Pink Lady, has not forgotten the remarks.

‘We must not let the arrogant old man who is not yet sober and come out wickedly, and the wicked South Korean speculator who clings to him and plays with blasphemy and abominations. Complaining about copying technology to a foreign country’s company is a world-class scoff that even Samcheok-dong will be up and down!’

He swears so fiercely, the news scene went up on A-Tube and garnered over 10 million views.

Vice Chairman Ri Hae-ryong looked slightly displeased.

Seriously, you probably didn’t know that a person in the top position in North Korea would hear such a word in front of you in the face of one in the upper echelons of the world. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ———- ; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Still, I do it because I am.

Vice Chairman Ri Hae-ryong looked at me with a cold gaze, and I did not avoid it.

Unification Minister Yoon Je-hoon said with a big smile on purpose.

“haha! Isn’t that what the original media is all about?”

“It was a joke.”

At my words, Vice Chairman Ri Hae-ryong relaxed his expression.

“When I get back, I will warn you not to talk nonsense.”

After saying goodbye, we sat down.

I was with other entrepreneurs. There were more CEOs of SMEs than CEOs of large corporations. Among them, the person who stands out is Eun Seong Geumgang President Han Byung-sun.

Eunseong Geumgang has been conducting many projects in North Korea, such as Mt. Kumgang tourism and Gaeseong Industrial Complex. At that time, public expectations were high, but in the end, the company withdrew with a loss of more than 1 trillion won.

It can be said to be the most representative company in inter-Korean economic cooperation. After the inauguration of the Huh Chang-min administration, the stock price rose sharply as the inter-Korean summit was held and an atmosphere of reconciliation was created.

However, in order for the actual project to proceed, there are a number of issues that need to be resolved, such as sanctions from the international community.

Vice Chairman Ri Hae-ryong took the microphone and said.

“I would like to thank President Huh Chang-min and many businessmen for gathering. I hope that this meeting will lead to further development of inter-Korean relations in the future.”

President Huh Chang-min also responded with a smile.

“I am deeply moved by being able to be with you today. I have no doubt that no matter what difficulties we face, we can solve them together through dialogue and cooperation.”

I think it’s good to have some doubts about this.

The North Korean staff quickly carried the meal.

“It is a cold noodle made with ingredients directly from Okryugwan, Pyongyang. I hope you all enjoy it.”

I’m sure I will eat the mainland Pyongyang naengmyeon in my life

It’s a pity that Ellie couldn’t come with her. It was difficult for Ellie, a foreigner, to sit with him because the dinner was a meeting between the two Koreas.

Today is just a dinner party, and the official meeting schedule is still being coordinated by both sides.

That there will be an inter-Korean summit is something that the Unification Minister had been guessing from the moment he attended.

Inter-Korean relations always go back and forth between cold and hot water. Even if a mood of reconciliation has been established, it turns into a hostile relationship as if it was always the case, and even when carrying out military provocations, they suddenly reach out their hand.

It’s the same this time. It launched a short-range missile into the East Sea last month. But suddenly I decided to participate in the forum.

When the US-DPRK negotiations were stuck, the media in each country judged that it was intended to find a breakthrough through economic cooperation with China, Russia, and South Korea.

By the time the meal was over, talk about inter-Korean economic cooperation naturally flowed.

Again, North Korea was hoping to restart the Rajin-Hasan project. This project first came out about 20 years ago.

The plan was to renovate the railroad between Rajin and Hasan, and to build and modernize the Najin Port wharf to make this area a Northeast Asian logistics hub.

Furthermore, a detailed plan has been proposed to connect the Trans-Siberian Railway and the Trans-Korean Railway through cooperation between South and North Korea and Russia, and to send natural gas from Siberia to Korea by reclaiming gas pipelines.

Korea imports all of its energy from overseas, and all natural gas is transported through LNG carriers. If a gas pipeline is built, the transportation cost can be reduced to less than one-tenth, even including the maintenance cost.

In this case, there are concerns about what will happen if North Korea locks the gas pipeline, but in reality, it is not easy. In that case, it is highly likely that the conflict with Russia will escalate.

Russia is good because it can sell gas, South Korea is good because it can buy gas cheaply, and North Korea is good because it can pay tolls without spending a penny of its own.

As always, the plan is great. It would have been better if it worked.

But why not?

The reason is that North Korea conducted a nuclear test. When the nuclear test is in full swing, they don’t know what’s going to happen to the economy, but it seems that they want to do economic cooperation again after the nuclear development is over.

In the past, socialist countries believed that if they accepted capitalism, the system would collapse. However, China and Vietnam have succeeded in adopting capitalism economically while maintaining socialism politically.

There is no law that says North Korea can’t do that. That’s why I’m looking at the liver like this.

What should be considered when investing is not a strong anti-fair trust, ethical awareness, or ideology.

If it did, South Korea would have cut off trade with China and Vietnam, where the Communist Party is in power, and cut off diplomatic ties with dictatorships such as Saudi Arabia and the UAE.

There is only one reason why global companies are jumping into the Chinese market despite all kinds of problems such as the Western world shutting their mouths against China’s human rights abuses, forced joint ventures with their own companies, forced technology transfer, and technology theft.

Because I love China so much… … Not because it’s money.

So, will business with North Korea make money?

it becomes money North Korea’s cheap labor and resources are attractive enough. So the Kaesong Industrial Complex was created.

However, there are too many variables to jump into just looking at it. The biggest variable is the country itself, North Korea.

Basically, the state moves on the basis of trust. However, North Korea overturns even the contracts the state has made.

Any country can break its promises. However, in that case, there is a trade-off in terms of lowering reliability. But North Korea doesn’t have to worry about that at all. Because the credibility of the country is so low that there is nowhere to drop any further.

Even China, North Korea’s most ally, has been hit in the head not once or twice.

Then, why does South Korea continue to pursue inter-Korean economic cooperation despite being deceived every time?

Because if it goes well, that’s the best. Money is more addictive than drugs, so once you taste it, it’s hard to get out of it.

Therefore, the plan is to show North Korea the sweetness of capitalism, make it depend on it, and lead it to reform and opening up.

But the idea of ​​North Korean leaders is that they can taste the money, but the people can’t. This is because there is a risk that the system will shake if done wrong.

Normal countries value whether economic cooperation is beneficial or not, but North Korea only focuses on system stability.

If it is judged that even the slightest harm to the maintenance of the government, it will immediately stop any business, no matter how great it may be.

Would Mao Zedong be proud to know that there are countries that are practicing the weed theory so hard even in the 21st century?

But today, it was a friendly atmosphere.

Vice Chairman Ri Hae-ryong said with a smile.

“The Chairman is also very interested in this matter. He asked me to tell you that I think the hospitality was insufficient last time, and that I am looking forward to the day I will meet the President soon.”

“Heh heh, I’m glad.”

Vice-Chairman Ri Hae-ryong spoke softly with an active attitude, and President Huh Chang-min smiled as well.

As I was quietly watching the scene, Vice Chairman Ri Hae-ryong suddenly pointed at me.

“I believe that nothing is impossible if our people work together. Wouldn’t it be nice to know what kind of potential our people have just by looking at the world’s richest man in South Korea, beating the United States? I would like to hear what CEO Kang Jin-hoo thinks about this North-South economic cooperation.”

I shook my head.

“I don’t think this is the place for me to speak.”

“It is well known in the Republic of Korea that CEO Kang Jin-hoo’s investment skills are like ghosts. It’s okay, I want you to give me your honest opinion.”

Unification Minister Yoon Je-hoon glanced at me, and I had no choice but to grab the microphone and stand up.

I pondered for a while. He decided to speak frankly as he was told.

“I think inter-Korean economic cooperation is a very good thing. The economic effect will be great, and military tension will be greatly reduced through joint cooperation. If all goes according to plan, it will be of great help not only to the South and the North, but to the whole world.”

Vice Chairman Ri Hae-ryong and President Huh Chang-min both looked satisfied.

“Heh heh, the best in South Korea… … No, if the best investor in the world thinks so, there is no problem.”

My words aren’t over yet.

“There is a problem. Even if we laugh and talk like this now, isn’t there a law that says nothing else comes out when we decide to proceed with the work?”

The people present were astonished at my words.

Vice Chairman Ri Hae-ryong, who was smiling, distorted his expression. Unification Minister Yoon Je-hoon quickly took action in an awkward voice.

“CEO Kang Jin-hoo. Here’s the talk… … .”

Vice Chairman Ri Hae-ryong interrupted those words and asked me.

“Then, Chairman Kang, how do you think our republic can be trusted?”

Even a robber with a sword can negotiate if he can speak. But the madman has no answer. It’s crazy to shake a fist with the other hand while smiling and shaking hands.

Therefore, he needs to put in the minimum safeguards. The way I thought of it is simple.(Read more @ wuxiax.com)

North Korea doesn’t care about national image. But it would be a different story if it was supreme dignity. If the respected supreme leader, comrade, does not keep his word, what will the people think?

“How about if the chairman promises to guarantee that the project can proceed no matter what happens and to stop all political and military provocations until the project is over?”

The atmosphere at the dinner table quickly became chilly.

Everyone’s eyes were focused on me at once. It’s like standing barefoot in the middle of Siberia.

Life was felt on the faces of North Korean working-level officials, and sparks flew out of Vice Chairman Ri Hae-ryong’s eyes. If this was North Korea, wouldn’t they have been shot or taken to the Aoji coal mine right away?

“What did you say now?”

I said calmly.

“It is as I said. Wouldn’t it be more reliable if the Chairman gave a clear answer in the inter-Korean economic cooperation?”

Quang!

Vice Chairman Lee Hae-ryong smashed his table hard with his fist.

“You mean you can’t trust our republic!?”

I nodded his head as if it was natural.

“So far, North Korea has hit the back of the head… … No, how many times have you broken a promise? Every time, South Korean companies that invested in North Korea suffered huge losses.”

Vice Chairman Ri Hae-ryong gritted his teeth and shouted.

“How dare a South Korean capitalist, having some money, talk about supreme dignity and act like a fool! The republic must be held accountable for this!”

Then he immediately left his seat. Then all the North Koreans got up and followed him.

The banquet hall, which had been friendly, became dull.

After a while, Unification Minister Yoon Je-hoon, who came to his senses, shouted like a scream.

“CEO Kang Jin-hoo! What are we going to do now? Do you know how difficult it is to get this seat?”

President Huh Chang-min got up from his seat and asked in a cold voice.

“Are you against inter-Korean economic cooperation?”

The term of office of the president is fixed. Therefore, I would like to somehow achieve tangible results within my tenure.

However… … .

I just cut it off.

“It’s not like that. I just said this in hopes that the same thing as last time doesn’t happen. If you rush, nothing will happen.”