138. Real-name financial system (2)
“Well, how do you talk about that?”
Juminsik’s pupils visibly shook.
real-name financial system.
In other words, it is a system that allows financial transactions to be made only after confirming the real name when making a financial transaction at a financial institution.
Until now, the Republic of Korea has thoroughly guaranteed the depositor’s confidentiality, and financial transactions have been possible with borrowed names, pseudonyms, and even bearer names.
This method, which was implemented in the 1960s to encourage savings, coincided with rapid growth in the 1980s, when the rate of financial corruption and corruption soared to the sky, and the government came up with this real-name financial system as a solution.
“I have only heard rumors.”
“It’s a rumor. It’s something we care so much about security.”
Hoyoung looked at him and opened his mouth.
“I have a lot of people who help me. However, it would be a bit difficult to name each one here.”
Then Juminsik’s eyebrows went up slightly, and then he nodded his head to himself and said.
“Hmm… If you find out I’m here and make an appointment to meet again, then it must be that you have a very strong network…”
In fact, rather than having a lot of personal connections, it was only the minimum route to meet the chief political officer, but Ho-yeong doesn’t have to talk about that.
All he had to do was give Juminshik time to make a mistake and convince himself.
“Once you know. It doesn’t matter where you found out anyway, you won’t tell me anyway.”
Hoyoung replied with a smile.
“Thank you for your understanding.”
“What. But the important story seems to start now. What the hell can you do to help me, no, His Excellency?”
It was this that was also important to Juminsik.
Is it really helpful or not?
“If I dare to guess, the real-name financial system will be implemented in an instant with the presidential emergency order. That’s a way to avoid confusion and minimize side effects.”
Joo Min-sik silently affirmed, and Ho-yeong continued.
“However, even after implementation of the real-name financial system, there are three risks. The first is how many people are prevented from escaping from the real-name financial system. If all the money in the borrowed-name account is taken in cash before the real-name financial system takes effect, not only will the effect not be great, but if a large amount of cash is suddenly withdrawn from the financial sector, banks may stumble.”
Juminsik jumped up from his seat.
Now, Hoyoung has correctly pointed out what they are worried about.
But Hoyoung’s words weren’t over yet.
“And secondly, the Presidential Emergency Order takes effect upon publication, but at least procedurally, it must be later approved by the National Assembly. And the third and last thing is that there may be opposition from chaebol families and the rich.”
Jo Min-sik could not come to his senses after hearing Ho-yeong’s story.
Ho-young told them about their concerns exactly as if they had come from the real-name financial system risk report they came up with after thinking about it for days and days.
“So, you mean you can solve all these problems?”
“That’s right. Would you like to hear how?”
Jumin-sik almost replied that he would listen to it right away, but he managed to hold on to his reason.
It was because he realized that Hoyoung had chosen only the sounds he wanted to hear.
He was not the one who got the position of chief political officer for free.
He was the one who survived to this point in a group of civil servants who had been plagued by Kwon Mo-soo and politics within the organization for a long time.
“Wait, what the hell do you want in return for telling me this?”
Nothing in this world is free.
It was the truth he thought.
He looked at Hoyoung with great vigilance because he thought that once he heard the method, he would not know what Hoyoung would ask for.
“ha ha ha. I don’t want much.”
“So what is it?”
“If the work is successfully completed, please arrange a table for me for just one meal.”
“meal?”
“yes. Isn’t that a difficult request?”
“Isn’t it important who you’re eating with?”
“A meal with the VIP.”
Juminsik’s eyes widened.
And then he quickly went back to normal.
“I’ll tell you, but I can’t promise.”
“That’s enough.”
Hoyoung smiled and said.
“Then tell me what method it is.”
“If you listen to me, you may be disappointed that it is too simple.”
“I’ll listen and judge.”
Hoyoung said while looking at the placard hanging on one side.
On the placard, ＜Discourse to the People. July 25, 1993. Sejong Center for the Performing Arts＞ was written on it.
“You can move the date.”
“what?”
“Aren’t you planning to begin the final public talk next week, July 26, with the announcement of the real-name financial system?”
“that···. exactly.”
“However, July 26th is a Monday. If you issue an emergency order on Monday morning, the bank will be in trouble on Monday afternoon. You may not know because the official documents haven’t gone down by this time, but you won’t be able to find the money from Tuesday.”
“Keep-”
Juminsik let out a silent voice.
It wasn’t that he didn’t consider that either.
However, I just thought that the wonderful picture that the president announces at the end of the public discourse is more important.
“Then, when should the date be moved?”
“August 12th.”
“Why?”
“First of all, do you know what day August 11th is, one day before the date I said?”
“The 11th? On the 11th… ah! no way?”
Hoyoung smiled.
“You noticed. August 11th is the last day to disclose the assets of high-ranking officials. The President threatened to punish high-ranking officials if they did not properly disclose their assets. The best effect can be obtained if the real-name financial system and the disclosure of the assets of high-ranking officials go hand in hand. A high-ranking official who reduced and reported his or her assets would not be able to find the money if the real-name financial system was implemented the next day.”
Jo Min-sik unknowingly clapped and clapped.
He thought that the method Hoyoung had told him was a trick.
Hoyoung smiled and continued.
“And lawmakers will not be able to openly oppose the real-name financial system.”
“right! Opposing it there is tantamount to advertising that you have not disclosed all your assets!”
Jo Min-sik was getting a little excited at Ho-yeong’s words.
“And time is of the essence.”
“hour?”
“Schedule your presentation for around 8:00 p.m. It wasn’t necessarily 8:00, but I was talking about the time after all the bank tellers had left work.”
“So we can’t run to the bank right after the order goes into effect?”
“Yes.”
Jo Min-sik now understood everything Ho-young said at once.
“And finally, you can send an official letter to all financial institutions nationwide the next day to open from 2:00 PM.”
“After that, the 14th and 15th are Saturdays and Sundays anyway, so things will calm down in the meantime?”
“Exactly.”
Juminsik smiled pleasantly.
As soon as Hoyeong appeared, it felt like the problems that I had been struggling with until now had already been resolved with a few words.
Then he suddenly realized that Hoyeong hadn’t said a single thing.
“Thank you so much for telling me the good way. But now, what about the backlash from the rich and chaebol?”
“If things go on like this, the chaebols have no choice but to follow.”
“what?”
“If it has already been announced on the next Monday, the people will understand and the politicians will agree. In that situation, can the chaebol really resist?”
Residents nodded.
This method was obviously a solution, if it was a solution.
Hoyeong didn’t bother to say anything, but the chaebols were already aware of the implementation of the real-name financial system.
To put it in more detail, the exact date has not been specified, and the real-name financial system must have been prepared for several years with the attitude that it is a time bomb that will explode at any time.
Sometimes in overseas accounts, sometimes in cash, and sometimes in gold.
Therefore, even if the real-name financial system is implemented in earnest, there will be no great resistance.
“Are you satisfied with my answer?”
“Of course.”
“Please do not forget my request.”
“haha. I guess I don’t have to worry about that.”
“yes?”
“I’m going to tell your Excellency all the conversations that took place today. I’m sure he will take an interest in you.”
Hoyoung nodded.
Because that was his intention.
“yes. I wish you well.”
“I will contact you soon. Do you use your cell phone?”
“haha. chief. I am from Hermes Telecom.”
Residents made an embarrassed expression.
“haha. I forgot. could you give me your phone number? My, I’ll be in touch soon.”
Hoyeong took out a business card and handed it to Juminsik.
It was a business card Hoyoung made a while ago.
The title and name of ‘Hermes Group Chairman Yun Ho-young’ were clearly written on the business card.
“Here it is. Then, I hope you are well prepared for the rest of the event. I don’t think I’ve taken up too much time.”
“Thanks for the useful advice.”
“What. I thanked you for meeting me.”
Hoyeong bowed her head slightly and left the waiting room.
“President. Did you have a good talk?”
Miru, who was waiting in front of the door, greeted Hoyeong.
However, Hoyeong did not answer and looked at Miru with surprised eyes.
Then, as if Miru understood the reason, he said with a grin.
“From the first time I used that business card, I was determined to call myself the chairman instead of the director. Are you uncomfortable?”
“Ahaha, no. That’s because it’s unfamiliar. Call me whatever you feel comfortable with.”
“Yep. President.”
Five years have passed since Hoyeong and Miru met.
Finally, the title that Miru calls Hoyeong has changed.
It wasn’t just the name.
Hoyoung thought that a lot had changed between five years ago and now.
Hoyoung, who was only a 20-year-old newcomer and made Hangeul for the first time by gathering seniors, soon became a person who had a lot of money that was difficult to count and was about to have a meal with the president.
‘However, this is just one of many stairs after all.’
Hoyeong told herself not to be conceited.
.
.
.
Time flies and it is 8:10 pm on August 12th.
“Finally, we are implementing the real-name financial system. After this time, all financial transactions are conducted in real name only.”
President Kim Il-sam gathered numerous journalists and high-ranking government officials in the Republic of Korea and issued an emergency order.
All public channels postponed the organization of the drama and relayed the situation in real time.
To the people who knew nothing about it, it was like a thunderbolt.
However, only a small percentage of those who opposed it.
Public opinion was very positive.
There were many people who expected corruption and black money to disappear through this incident.
and the next day.
All financial transactions commenced at 2:00 p.m. as per government guidelines.
The bank was literally phosphoric acid.
A person looking for money.
People who wanted to open a real-name account literally formed a crowd of people.
And the biggest aftermath of the real-name financial system that Hoyoung had been waiting for was different.
Of the 960 stocks listed on the stock market, 917 stocks hit the lower limit.
When everyone was engulfed in anxiety, only Hoyoung was smiling.
“ruler. Time to buy.”
“All right.”
And the sound of the computer running echoed through the room.