1979, Manager Kim is Inheriting Dictatorship! - Chapter 55



Only Krnovel

Episode 55

Strong support from the Adidos Chairman.

As soon as this news broke, the global sports world was turned upside down.

This is because the 1992 Olympics, which had virtually been decided to be hosted by Spain, has now changed to something that is uncertain.

And the chief secretary, who knows all these internal circumstances, asks with a surprised expression.

“Mr. President. Did you come all the way here and meet that student?”

“Yes. It may seem funny that the president went to meet a college student, but the student thought it was worth it.”

The chief secretary speaks with a reflective expression.

“Really… you’re amazing. I actually wondered at the time if it was necessary to go that far just to meet a college student… but it seems like I have a long way to go to catch up with the President. Mr. President. Did you know that Jordan could do this well?”

“No. I didn’t think you would be able to do this well.”

“I didn’t think you’d be this good.”

“No, on the contrary. In fact, her performance was lower than I expected. This performance is good, but Jordyn will become an even greater player in the future. She may be remembered in history longer than I am.”

Youngho shakes his head.

“No way. Even if that man is good, the President has more than one or two accomplishments…”

“Well.. I don’t know how well I have to do in the future to be remembered longer than that person. Haha..”

###

The Olympic bid vote in Lausanne, Switzerland, was held in October 1986.

And if the bid is successful, the Olympics will be held in 1992.

There was still quite a bit of time left.

Hosting the Olympics did not end with hosting the event.

The real start comes from the moment the kindergarten is confirmed.

The Olympics is a global sports festival and, along with the World Cup, is one of the world’s largest billboards.

The Olympics were the thing that could advertise Korea to the whole world for a month.

I wanted to show people around the world that Korea has developed this much.

Only then could we increase the brand value of Korea as a country.

And for that he needed more money.

To do that, we had to pay a little more attention to the economy.

A solid economic growth was the most important prerequisite for ensuring the success of the Olympics.

The current Korean economy is literally experiencing its greatest boom since Dangun.

3. Surge in exports due to low oil prices, low dollar, and low interest rates.

And the crazy domestic construction market due to unification.

But this wasn’t enough.

We should have held more foreign currency at least before the 90th anniversary.

“Chief Economic Secretary, how much foreign currency reserves do you have available now?”

“It’s currently around $15 billion.”

“Is there still a lot of money available in the sovereign wealth fund and national pension?”

“Yes. I have a lot of spare cash due to the recent rise in the Nasdaq stock price, etc.”

‘It’s time to start getting serious.’

“Sir, for the next three years, use all the money you have available to buy yen and Japanese stocks.”

“The yen and Japanese stocks? The amount currently invested in Japan is excessive. Are you saying that we should invest more here?”

“Yes. Invest as much as you can. Yen is good, stocks are good. Buy them intensively over the next three years.”

The chief economic adviser asks in an anxious voice.

“Mr. President, I know that investment performance in Japan is good right now. However, Japan is an export country that competes with us. This will give wings to the Japanese economy that competes with us.”

I reassure him not to worry and tell him what I’m planning.

“Don’t worry. I won’t be investing for a long time. It’ll only be for three years. By the summer of 1988, I’ll be withdrawing all my investment from Japan at once. This investment will be a Trojan horse for Japan.”

And exactly one month after this economic chiefs’ meeting.

The finance ministers of France, West Germany, Britain, the United States, and Japan gathered at the Plaza Hotel in Manhattan.

And that day was the day the Plaza Accord was signed, which marked the beginning of Japan’s lost 30 years.

Plaza Accord.

An agreement in which the United States artificially depreciated the value of the dollar and raised the values ​​of the currencies of Japan, Germany, and Britain.

It was an ingenious plan created by the United States to restrain the Japanese economy, which was right behind it.

Using its withdrawal from the World Trade Organization as a weapon, the United States is forcing this absurd agreement into existence.

After this agreement, Japan eventually had to implement low interest rate policies and quantitative easing policies to somehow stimulate the economy, but the surplus yen ended up flowing into stocks, real estate, etc.

The bubble continued to grow, and eventually, starting in the late 1980s, Japan’s bubble began to burst.

And Korea held onto this bubble until it burst, and then just took the water right before the bubble burst and left the bomb to Japan.

###

The problem with Japan’s Plaza Accord was not just the stock and real estate bubbles.

The most fatal problem caused by the Plaza Accord was that export competitiveness weakened as the yen rose in value.

If an item that was selling for $100 were suddenly sold for $200, there was no way the item would sell.

But this was a huge stroke of luck for Korea.

In many ways, Korea and Japan have overlapping export items.

From Korea’s perspective, it couldn’t get any better than this.

Korea’s pre-built nuclear power, overwhelming technological prowess, and the deteriorating export competitiveness of its rival Japan gave it wings.

While Japan sells CD players for $200, Korea sells them for only $100, and they are of much higher quality.

While in previous history, the only competitive edge was simply low prices, this time around, the focus was on selling top quality items at low prices.

Overwhelming quality created by a secret shop.

From this time on, the story of the incredible quality of Korean products became known to the general public.

TVs were representative examples.

[29 inch CRT TV / 500pt]

29-inch TVs, which began to become widespread in the early 90s, began to be sold starting in the mid-80s.

And the price of this TV was less than half of the price of 24-inch TVs sold in Japan.

There was no reason not to buy it.

###

“What? It’s already broken?”

“Ha.. I bought it because I trusted it since it was a Japanese product.. Did I really buy it for nothing···.”

John invited his friend Matthew to watch a video at his house.

But the Japanese TV I bought two years ago was acting up today and not working properly.

“Ha… I’m sorry. Why isn’t this working?”

“Okay. Just go to my house and see.”

“Your house? Did you buy a TV? How many inches is it?”

“29 inches.”

“2.. 29 inches..?? That would be pretty expensive..”

Matthew shakes his head and says.

“No. I bought a Korean product this time and it was cheaper than I thought.”

“Korean products? I’ve heard rumors that they’re good. But aren’t they worse than Japanese products?”

Matthew smiles meaningfully at John’s question.

“How much did you pay for this TV?”

“This? I bought it two years ago.. but it was a high-end model, so I think I paid around $800..”

The price John paid, $800, was the price before the Plaza Accord.

After the Plaza Accord, TV prices in Japan became even more expensive.

“I gave you $400 this time!”

“4.. 400 dollars???”

John blinks, as if he can’t believe it.

“Is the TV working well..?”

“It’s really good. Honestly, I had a hard time believing it at first because the price was so cheap, but it’s much better than other Japanese TVs.”

John is silent for a moment, then says to Matthew.

“Matthew.. let’s go quickly..”

“Right? Wait a minute… But let me go and call to see if there’s anyone home. Let me call you for a moment…”

“Not your house..! Let’s go to the store where you bought your Korean TV! I should throw away this Japanese TV that breaks down all the time and buy a Korean TV! Let’s go quickly!”

In this way, the gap between Japanese and Korean products was gradually becoming engraved in people’s minds.

###

Over the course of a year, whenever time allowed, we engaged in countless diplomatic battles with countries that had IOC members.

I spent half of the year abroad.

A year passed by with diplomatic warfare going on without rest.

As the end of the first term approaches, another year passes and the time for voting to host the Olympics finally approaches.

Lausanne, Switzerland.

First, Chairman Oh Wang-guk and IOC member Park Jun-gu went to Lausanne a week ago and held a final bid battle against IOC members.

I arrived three days before the primary elections.

“Oh, Chairman. Thank you for your hard work.”

“Mr. President, are you here?”

As soon as you arrive, meet Chairman Oh and ask about the current situation.

“How is the atmosphere?”

“In my view, rather than a runoff election, it seems like we would need to win a majority in the first round to win.”

Chairman Oh was thinking the same thing as me.

“Chairman Oh, I think the same as you. While the votes are split between France and Spain, we need to win a majority. In fact, we are more likely to lose the runoff election. So…”

But suddenly, while I was talking, Chairman Oh’s secretary came running.

“Mr. President, it is time to meet with the Argentine IOC member.”

“Can’t you see I’m talking to the President right now?”

Chairman Oh shouts at his secretary.

I stopped Chairman Oh and helped him up.

“I’m fine. Go quickly. It’s not important to me right now. The most important thing right now is to secure at least one more vote.”

After hearing that, Chairman Oh bows his head to me and asks for my understanding.

“I’m sorry, Mr. President. Then I will rise first.”

“Yes. Go quickly. I’ll wait.”

Chairman Oh hurriedly leaves to meet with an Argentine IOC member.

It was time for me to move now.

There was no time to be idle.

I quickly ask the chief secretary about today’s schedule.

“How many countries did we meet today?”

The chief secretary immediately opens his notebook and answers.

“There are seven countries in total. All the countries you will meet today are in dire need of powerful weapons.”

They demand Korea’s support in exchange for cheap exports of K9 self-propelled howitzers and K2 tanks to countries in urgent need of weapons.

This was the plan I had laid down.

Fortunately, Samjung and Hanho, the manufacturers of the K9 self-propelled howitzer and K2 tank, cooperated readily.

Even though there may be an immediate loss, they also knew that hosting the Olympics in Korea would have a huge promotional effect on their companies.

“Good. Let’s go quickly. Time is of the essence.”

The moment I was about to leave the hotel, I heard a familiar voice behind me.

“dismissal!!”

The identity of the voice was none other than Park Jun-gu, Pistol Park.

“Commissioner Park, it’s been a while. You must be having a hard time. How are you?”

Although I couldn’t speak informally to him since it wasn’t a private meeting, I welcomed him and asked about his health.

“Don’t worry. Until the Seoul Olympics are selected, I absolutely cannot die even if I want to.”

“True to what people say… So how are you keeping in touch with the IOC members?”

“Yes. I have met with more than 20 members over the past few days. I will meet with them as much as possible during the remaining period and cook them up! Don’t worry, Your Excellency!”

He spoke so loudly that you wouldn’t think he had liver cancer.

“No.. How many times have I told you.. Don’t call me Your Majesty..”

“Ah… I’m sorry. Brother… No, Mr. President.”

“.. .. .. .. ..”

He is an anxious person who doesn’t know when or where he will run away.

Still, his connections were real.

Even during the brief moment he spent greeting me, he waved and greeted two IOC members in the hotel lobby.

And now another IOC member spots him and waves goodbye.

“Ah..! James! Look at me for a moment! Your Majesty, I’ll be going!”

“Well, even if you say Mr. President, that’s not important right now. Go ahead.”

“Yes! See you in three days!”

After Pistol Park leaves, I also leave in a hurry.

Now there are only three days left.

During this time, I will try to convince as many people as possible.

He had to win the election by a majority vote in the first round, with a final day speech.

“Okay. Now let’s really go. I’ll be waiting.”