Trump’s presidential election, Venezuela’s regime change, and virtual currency market skyrocketing.
While large and small incidents were taking place abroad, a major incident that would go down in history occurred in Korea as well.
December 9, 2016.
The National Assembly voted on the articles of impeachment of the president.
As a result, the impeachment bill was passed with 234 votes out of 299 present.
Impeachment of the president cited for the first time in constitutional history.
From noble mtl dot com
Coincidentally, this day was Anti-Corruption Day established by the UN to eradicate corruption such as bribery, embezzlement and fraud.
Since then, starting with Choi Myung-ja, who was pointed out as the main culprit of the situation, the people involved stood on trial one after another, and finally, an arrest warrant was issued for the president.
Up to this point, the flow of history was the same, but there was no change at all.
Bondi, one of the accomplices who should have been arrested during this incident.
Jeon Yong-taek, who can be said to be the actual owner of Ohsung Group, was still not arrested and was holding out.
“Today is a cool day, so I think it would be perfect to eat outside. Isn’t that right, CEO Shin?”
Jeon Yong-taek came to the company around lunch time, and was persistently giving off an atmosphere of going out to eat.
“Sorry, but I have a lunch reservation.”
“Or how about having a drink together after work today? I know a place where I am really good.”
“What about this? I’m taking herbal medicine these days, so I shouldn’t drink alcohol.”
If he had done this, he would have given up, but he clings to him to make room for himself until the end.
“ah. You are taking Chinese medicine. Then how about the deer farm I know well? It is said that antler is so good for immunity… … .”
“Mr. Jeon Yong-taek.”
I cut off his words halfway through.
“I will be honest. For me, the fact that Mr. Jeon Yong-taek came to the company like this is a burden in itself.”
“it’s okay. If I have a meeting with CEO Shin, I can make time even if I don’t have one.”
“No, it means that I am not okay, not Jeon Yong-taek.”
Jeon Yong-taek looks at me with an expression that he has no idea why.
“Mr. Jeon Yong-taek has recently been investigated by the prosecution three times, and public opinion is the worst. But what if rumors spread that they were together?”
“If that’s the case, don’t worry. It’s already working out.”
According to my memory, Jeon Yong-taek was involved in bribery charges during this impeachment incident and was arrested for nearly a year.
But the person concerned is so carefree, is there a corner to believe something?
‘You’ll figure it out. Whether or not Jeon Yong-taek is arrested has nothing to do with me.’
Ohsung is not a company that will stumble just because one owner is arrested.
Rather, professional managers will lead the company instead of him, so better results may come out.
“Even for the sake of public opinion, it is better to refrain from outside activities. If you have something to say, just do it here.”
“Since you said that much, I’ll take the risk of rudeness and talk about it here.”
What kind of story did he bother to come up with?
I concentrate and wait for the words to follow.
“At the inauguration ceremony of the last US president, I talked a lot with CEO Elon. His insight into the future industry was truly a series of surprises.”
“Are you thinking of going on a trip to Mars?”
“Oh, of course, I liked your story, but I found the conversation about electric vehicles more interesting.”
Jeon Yong-taek must have been excited, and the tone of his voice was gradually rising.
“Current electric vehicles are troublesome to charge. However, Elon CEO said he would solve the charging issue with autonomous driving.”
“I guess you mentioned how the car automatically travels to the charging station to charge.”
“Oh, that’s it. If the technology becomes commercially available, electric vehicles will be able to replace internal combustion engine vehicles in one fell swoop.”
“hmm… … .”
“In addition, an electric car that has been charged can go out on the road alone and receive guests. Demand for high-end electric vehicles will explode if there is competition to attract customers!”
It doesn’t sound very absurd. Just looking at the technical elements, they were all things that could be implemented.
The problem was not the technical factor, but the other part.
“In order to enable charging and business through autonomous driving, various regulations as well as legal grounds must be addressed.”
“Aren’t we experts at avoiding small obstacles like that?”
If you are a Korean conglomerate, you will have a knack for changing the law to your advantage.
But is there any reason for Ohseong to go so far as to sell more Tesla electric cars? if… … ?
“I couldn’t stand it after talking to him. The desire to start an electric vehicle business was boiling.”
It is true that Ohsung Electronics has an advantage over other companies in entering the electric vehicle business. Didn’t it already hold all the core businesses such as electronic equipment, batteries, and displays?
but,
“If parts makers come forward to make electric cars, finished car makers will be in check. I will not be alone with Tesla right now.”
“That’s why I came here to get permission from CEO Shin.”
“Why do you need my permission there?”
“I want to make an electric vehicle jointly with Tesla, not Ohsung alone. If you think about ODM of electronic products, you will understand quickly.”
If the OEM is a method of receiving blueprints from the prime contractor and is only in charge of manufacturing, ODM is a method in which the subcontractor is in charge of everything from design to production and only attaches the trademark of the prime contractor.
In other words, Jeon Yong-taek meant to make Ohsung Electronics’ electric car with the Tesla brand attached.
‘With ODM, we can maintain a tighter relationship with suppliers of parts while making finished cars.’
It was a trick in its own way, but is it necessary to do this even when the world’s five stars claim to be subcontractors? It was a move that I couldn’t understand with my common sense.
“What did Elon say?”
“I said that if only CEO Shin would allow it, we would proceed immediately.”
It was an offer that had no reason to refuse for Tesla, where there was a line of people waiting to buy it due to the production volume.
“It would be ridiculous for me to stop something you two discussed beforehand.”
“Then will you let me?”
“Proceed well.”
“Representative, thank you. thank you.”
Jeon Yong-taek grabs my hand and expresses his gratitude to the extent of passing by.
This makes me even more suspicious. Why is he so obsessed with the electric car business?
The answer to this question will be revealed after the presidential election.
* * *
May 9, 2017.
In the 19th presidential election, which was held early due to the impeachment, opposition candidate Ahn Jae-hong was elected president.
Since the presidential seat was vacant, the inauguration ceremony for Ahn Jae-hong was held the day after his election.
The job issue was chosen as the top priority of the new government’s economic policy, but unfortunately, the next day after the president announced the policy, certain news began to flood in.
[The Ohsung Group responded to President Ahn Jae-hong’s job policy. Vice Chairman Jeon Yong-taek “We will create 80,000 jobs in Korea by entering the electric vehicle business.”]
[Where is the site for the Ohsung Electronics electric vehicle plant where 20 trillion won will be invested? A rush of love calls from local governments.]
[Entering the electric vehicle business is a joint venture between Ohsung Electronics and the government. When mass production of electric vehicles begins in earnest, it is expected that more than 150,000 new jobs will be created.]
Looking at the content and timing of the news, it was clear that there had been a deal between the government and the Ohsung Group.
“Did you escape arrest by making a deal with the government?”
This case was not a vague job creation plan by the heads of existing conglomerates, but a new business project with the size of the factory confirmed.
80,000 jobs is enough to feed a decent city.
There must be no exaggeration, but even taking that into consideration, the government would have had no choice but to accept it.
Took.
I look at the news posted on the portal and put my phone down.
“after… … .”
My heart was troubled. This was a storm created entirely by the flapping of my wings.
Starting with making Ohsung Electronics into a Tesla parts supplier, they brought it to Venezuela, and now they are trying to enter the electric vehicle market.
‘I benefited from my intelligence, too, but it’s difficult not to rely on it too much.’
Right now, he’s lowering himself because it’s a symbiotic relationship where I have the upper hand, but I don’t know how it will change if the situation is reversed.
It was necessary to have a leash in advance in case of an emergency.
‘If it’s a leash that can be tightened firmly enough that there is no room for resistance at all… … .’
Just then, there is a knocking sound that wakes up the thought.
smart smart
“Yes, come in.”
Starting with Lee So-young, two members of the legal team enter the representative office.
They bowed their heads with a stern look on their faces.
“Soyoung, what’s the matter with you holding so much weight?”
“It is very important.”
“I don’t know what’s going on, but let’s sit down and talk.”
They pile their hands full of folders, photos, and tablets on the table.
“As you know, the CEO has been actively launching new cryptocurrencies as money has been pouring in recently.”
“They said yes.”
“Among these new cryptocurrencies, there was one that openly imitated us.”
I nodded carelessly. That’s because that’s always been the case in the cryptocurrency market.
Perhaps because of my reaction, Lee So-young immediately shows the video on her tablet.
-K Star Coin has a different concept from other investment virtual currencies. The value of one K Star Coin is fixed at 1 dollar, and the value is adjusted by the KSC coin market price and algorithm linked to it. This structure combines the advantages of Acorn Coin and Bitcoin… …
The K Star Coin in the video was a virtual currency in the form of an algorithm that is popular these days.
It was a method of twisting the flow of money to make it difficult to recognize, and then attracting investors with flattery.
“Even though there are many similarities with us, I don’t think we copied them completely.”
“Look at the clothes the speaker is wearing, not the virtual currency.”
Only then did I know what she was asking me to see.
The man in the video imitated me not only in his hair style and clothes, but also in the way he spoke when giving a speech.
“This is a strange feeling. I’m not even Steve Jobs, but I got someone who imitates him.”
“It’s not something to be taken lightly. Take a look at this… … .”
She flips the video forward to show the pre-ceremony event.
Famous girl groups, A-level movie stars, lecturers, university professors, and even former ministers attended the event.
“Even if it’s fake, the public relations scale is large.”
“It has already ranked in the top 10 by market capitalization, and has even been nicknamed the ecosystem destroyer.”
If it is in the top 10 market capitalization, it is too big to simply dismiss it as a fake.
“There’s no way I wouldn’t have known about a cryptocurrency of this scale.”
“K Star Coin is a new coin that has been listed for only 10 days. So it’s only natural that the CEO doesn’t know.”
“Ten days? How can such a fledgling coin make it to the top 10 by market cap?”
“I also thought it was strange, so I inquired about it. It seems that there is a large water owner on the back of K Starcoin.”
If the virtual currency market cap is in the top 10, it will exceed trillions even if it is not.
I wouldn’t have invested this much money just to get a fake coin floating, but what the hell happened?