Cataclysm
“Kang Yu-jin has an arrogant idea that he will control the Korean economy at his own will. Just because we made some money in the US, we cannot afford to ignore the many seniors in the Korean business world in this way.”
The fact that most of the $500 billion Eugene decided to invest in Korea would go to Korea’s top corporate groups, the Cheil Group and Dasan Group, was a blow to the other chaebol companies except for Cheil and Dasan.
Even so, the economic concentration of the four chaebol groups, including Cheil, Dasan, Daeyang, and Prestige, was excessive.
Here, the $500 billion investment attraction that erupted when the Daeyang Group collapsed and the Jeil and Dasan companies were becoming visible and alert was like pouring water on boiling oil.
Naturally, opposition from other chaebol groups erupted.
In particular, the three groups, Myeongseong, Seongjin, and Samho, who suffered the most immediate damage, gathered around the business circles to express their dissatisfaction with Eugene.
“Aside from whether we really want to invest that $500 billion or not, the question itself is that Daeyang Group was shared between Cheil and Dasan. This situation will further increase the concentration of the national economy.”
“Even lawmakers from both parties should not decide so easily on such an important issue.”
On the other hand, lobbying for important figures from the ruling and opposition parties continued.
The dissolution of the Daeyang Group was not just a problem in the business world, it was a significant event that would bring about a big change in the Korean economy.
Even during the upheaval of the IMF, the top 10 groups in the business world did not disband.
However, if the third-ranked Daeyang Group were to be disbanded and merged into the first and second groups, how much impact it would have on the Korean economy was something that even a non-economy illiterate could have predicted.
“That’s right. At this rate, the Korean economy will be subordinated to the two chaebol companies, Cheil and Dasan. The two groups should not allow the issue of merging Daeyang affiliates.”
There were also pros and cons within the political arena.
Members of the small group, who were not sponsored by the two companies, Cheil and Dasan, took the center stage and raised the issue fiercely about the merger of Daeyang Group affiliates.
“If the Daeyang Group affiliates are merged in this way, it is nothing but the saying that only the two dinosaur chaebols Cheil and Dasan will remain in Korea. Only then can we predict how difficult the national economy will be. Even in the United States, monopoly is strictly prohibited.”
There were quite a few lawmakers who received support from groups, including Myeongseong Group, as well as members of the small group.
“It is said that only one knows and the other does not. In order for the Korean economy to develop, it needs concentration. In fact, how much profit are the two groups, Jeil and Dasan, from selling semiconductors and automobiles abroad? Aren’t other chaebol groups focused on domestic consumption? This makes the future bleak. In terms of national competitiveness, we need to focus our efforts on the two groups, Cheil and Dasan, and push them to fight overseas companies.”
“So you’re saying that we want to kill everything but fertility and fertility? Then, won’t this country become the Jeil and Dasan Republic?”
As the groups other than Jeil and Dasan put all their efforts into it, public opinion in the political circles also split in two.
And similar debates were constantly being discussed in the newspapers and broadcasters.
In the general program, discussions were held several times a day, and various panelists participated in a difficult discussion on this issue.
Kang Yu-jin, who has now become an American, was making a story by discussing a wide variety of scenarios, from whether it was right for him to control the Korean economy, to the question of what would happen to the Korean economy if it were bifurcated into first and fertility.
Under these circumstances, the Blue House had no choice but to keep an eye on public opinion on this issue.
Meanwhile, at the old house of the founder of Dasan Group, located at the foot of Mt. Bukak, big men gathered at the table every morning to discuss future measures.
“I don’t think it will be easy to get through like this.”
The president of Dasan Motor Company, the first of the Dasan Chairman’s family, opened his mouth with a slightly stiff face.
Following Eugene’s proposal, he agreed to the split of the Korean economy and joined hands with Cheil Group for the first time in half a century, but he did not think that everything would be over with that alone.
Naturally, he expected that there would be some ups and downs in such a grand project.
“Isn’t it normal? They say they’re going to put a leash around their neck, so do it yourself, right? flaw!”
Dasan Group Chairman Kim Su-ho, the second son of Dasan Electronics, accepted his brother’s words without hiding a smile on his lips.
“I am very concerned about motivating other chaebol companies to pursue work.”
The third son, Kim Cheol-ho, had a rather dark expression unlike Kim Su-ho.
“For decades up to now, the business world has fought fiercely against each other in competition between individual companies, but has not always seen a consensus on the big axis? It is also true that a stable ecosystem was created thanks to that. But what’s happening right now is that it’s rocking that ecosystem from the bottom up. If this continues, the business world will be divided.”
Kim Cheol-ho said with a voice of concern for a long time.
“It is natural to divide. It’s ridiculous that the business world all say the same thing with one voice. The business world shouldn’t be a social gathering, it should be an arena where they fight each other’s leash. It’s been rather strange so far.”
Kim Soo-ho never backs down.
“That’s right. To be honest, there is nothing more foolish than to miss this opportunity. Considering the 500 trillion won that Kang Yu-jin said that his friend is offering and his close relationship with the US president, this is a golden opportunity for us and Jeil to take full control of the Korean economy.”
“that… … .”
“Everyone knows how important it is to know that Kang Yu-jin is inseparable from the Trump family, right? Do you think there is a politician in the Korean political world who is fearless enough to offend the president of the United States? Now is your only chance. If Trump steps down as president, Kang Yu-jin and his friend won’t be able to have the same momentum they have now.”
The eldest son, who had raised concerns at first, also strengthened Kim Soo-ho’s words as the story deepened.
“We decided to donate half of the 500 trillion won to our side and half to the first, so with that money we can do whatever we really want to do. Moreover, according to what that friend said, the semiconductor price will be very cheap for the next five years.”
“After meeting him a few times, he will believe what he says, even if he makes meju with red beans.”
Kim Cheol-ho did not hide his displeased expression and told Kim Su-ho.
“haha. Maybe it is. At least until he failed once, I decided to believe what he said first. In business, it’s important to follow the trend.”
“That’s right. At least for these years, no one will argue that he is the trend.”
Both the second and eldest sons expressed their support for Eugene.
“But even if that happens, isn’t that risking that Kang Yu-jin will eventually become the second-largest shareholder of Dasan? No, maybe we should also keep in mind that, in fact, that friend can outrun us at any time and take over the fertility?”
In fact, that was the biggest worry for Kim Cheol-ho.
Even after dividing the Korean business world with Jeil, it was necessary to prepare a countermeasure against Eugene’s practical control over fertility.
“Do you know that running a large corporation in Korea is only possible with a stake? It’s a no-brainer.”
Kim Soo-ho said with a strange smile similar to the previous one.
“I am well aware that the influence you have on a company is far more important than your stake. Of course, we need influence in the media, in politics, in relationships and in the judicial world. But the opponent is Kang Yoo-jin. They have the President of the United States behind them. If we do it wrong, we can become puppets.”
“The president of the United States is only four years old. And there is no certainty that the Korean economy will be completely in our hands after four years.”
Kim Su-ho did not believe that Donald Trump would win re-election.
The Trump administration has been creaking and clashing with established Washington politicians from the start.
On the other hand, he has never been able to establish good relations with politicians in Europe and other countries.
The chances of an amateur government winning power due to its mysterious popularity to win the election again seem infinitely low from the beginning of the regime.
“Even if the president is not behind him, the money he has is real.”
“okay. That’s right. So, make good use of it. Kang Yu-jin, who does not have the President of the United States behind him, is just a foreigner who has invested a lot of money. Heh heh.”
Institution Dasan was also confident about the deep-rooted influence it had on Korea’s Jeonggwan media.
If you don’t use the cheat of being the President of the United States, no matter how much money you spend, you will not be able to take the management rights away from the family who owns the Jeil or Dasan Group.
* * *
“First of all, next year, you will have a battle with the Myeongseong group, so be prepared.”
In the first group, there was no intense discussion as in fertility.
This is because, while Chairman Kim of Dasan Group gave his children autonomy to take the initiative in the situation and carry out their work, Cheil Group was still under the monopoly of Chairman Han.
His two sons and two daughters each held important parts of the group, but they were more of a middle manager, faithfully carrying out the direction of one president.
“This year, make an investment that has never been done before, and next year, make sure the executives keep in mind that the home appliance division of Myungsung Electronics can be more than doubled.”
“All right.”
The eldest son, Han Jeong-hoon, simply nodded in response to the president’s every word.
But there is a very proud expression on his face.
This project will be a huge event that will completely change the map of not only Cheil Group but also the Korean economy.
And there was no doubt that he was at the center of this case, not anyone else.
Wasn’t Han Jeong-hoon himself the one who pushed ahead with this right now? There will be no need for further discussion of succession.
The person who attracted Yu-jin Kang is himself, and the person who is closest to Kang Yu-jin is himself. The succession race is almost over.
“Can KF Enter also make sure Samho Cinema is finished next year?”
Chairman Han asked this time looking at his second daughter.
“yes. President. Even if not, Samho Cinema is shaking a lot because we have almost a monopoly on Hollywood movies distributed by Chairman Kang.”
The first person to approach Kang Yu-jin in the Cheil Group was Han Jeong-ah, the CEO of KF Entertainment.
So, if this is done successfully, she can claim her own ball too.
Naturally, she was also attending the meeting of the day with a confident attitude.