I Became Park Jeong-ui’s Nephew - Chapter 139



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He became Park Jeong-ui’s nephew. – (139)

‘No, why on earth isn’t this working?’

This is America,

President Hubert Humphrey was deeply troubled.

The United States has turned to welfare policies to solve the problem of poverty, which has reached 35 million people, but the poverty rate has remained stagnant at 28 million.

The irony is that the U.S. economy continues to grow,

There are approximately 1,200 companies in the world worth more than $10 billion that are not yet listed on a stock market.

500 of them are American companies. So many companies are growing, so why isn’t the poverty rate in the US decreasing?

Actually, the answer has already been given.

America’s welfare policy is just the government pouring money into the poor. Does giving money to people who don’t have money solve the problem?

To reduce poverty, you need to have a job that provides a steady income.

Because this is not working, the situation in the US is not improving even though the government is pouring money into it.

And this phenomenon is accelerating.

[In the United States, the unemployment rate fluctuated between 3% and 6% in the 1950s. However, since the 1960s, the unemployment rate has been fluctuating between 6% and 9%. This is because the size of corporate employment has been steadily increasing, but the population entering the labor market has been increasing much faster.]

[Since 1947, the labor force participation rate of male workers has decreased from 86.8% to 76.4%, while that of female workers has increased sharply from 31.8% to 57.5%.]

Can’t you see the answer now?

After World War II, the baby boom caused the U.S. population to grow rapidly, with 80 million children born between 1946 and 1964.

So, did companies expand jobs accordingly?

Of course that won’t work.

It is true that there are now 500 new companies in the United States with a market value of over $10 million, but how many jobs will these companies create?

But the problem is that the population has increased by 80 million in the meantime.

If the government wants to increase the middle class, companies will have to keep raising wages, but will companies like that?

Companies began hiring women, who earned relatively less than men.

This is why America can’t win the war on poverty,

With the labor market overflowing with workers, do you think companies would be crazy enough to set high wages? This is how men’s social status has fallen to the bottom.

Women are equally miserable. Are they happy if they push away men and get a job?

The reality is that they are working while receiving lower wages than men.

This pattern has been repeating itself for the past decade.

“Hey, raise the wages!! We’re not winning the war against poverty!!”

“whatever?”

“If you make a mistake, you can leave the US and start a business somewhere else. Do you want that?”

“Ah… Okay.”

But the government has no power to suppress businesses.

Politicians are lobbied to become puppies representing the interests of the capitalists, and if companies leave, even the world’s greatest country, the United States, has no answer.

So, the government is also turning a blind eye to reality.

Anyway, isn’t the US economy still growing?

That’s enough, the poor are no longer a concern of American society.

Just look at how much the US economy grew last year, and if the US mainland is in this state, it’s obvious how the workers in Nanjing and Wuhan are being treated.

“Raise our wages like in Korea!!”

“You’re kidding, have you forgotten that your population is 90 million?”

“There are plenty of people willing to work, if there is a strike, everyone will be fired.”

China, where only low-level workers are abundant,

In the United States, 1.6 million college graduates are produced every year.

These people are also anxious because they can’t find jobs, but Chinese people who only know how to do simple labor, should their wages be raised?

It’s impossible.

The reality is that if you don’t want to take that money, people will curse and tell you to get out. That’s why there are riots.

Workers’ protests are rising everywhere,

It has now begun to take on the character of a nationalist movement rejecting American rule.

***

“Your Majesty, here is this month’s report.”

“yes.”

The same routine that repeats itself today,

I checked the report submitted by Daehan Transportation.

Daehan Transportation’s sales this year are approximately 45 trillion won in Korean currency. Is there an indicator that can be used to compare this to?

Even in the United States, there are less than a thousand companies with a market value of more than $10 million.

Most of them are small companies, but among them, Daewoo Transportation recorded a corporate value of $92 billion.

This is possible thanks to economies of scale. Just as you have to pour a lot of water to solve a drought, the economy also needs to pour a lot of money all at once to get something done.

Daehan Transportation is the only company that can do that. Looking around the world, Daehan Transportation is the only company that employs 4 million workers.

The distribution market is just the tip of the iceberg.

Recently, it has expanded its influence into the construction field.

If we hire that many workers and the housing problem is not solved, slums will form in the city.

It is common sense that even if people gather in a city, the local economy will not be able to turn around until housing and public safety issues are resolved.

In this way, Daehan Transportation grew from a company that simply provided jobs to workers to a large corporation responsible for the urbanization of a region.

So far, there are 47 areas that have been urbanized.

The southern part of the Korean Peninsula is virtually urbanized, and recently, even Chungcheong and Honam provinces are undergoing urbanization.

Korea is the only country in the world that has developed its territory so comprehensively, but there is not a single city that has developed so haphazardly.

The Yeongnam region plans to build a distribution network with Japan and the United States, while Chungcheong and Honam will build a distribution network with Shanghai and Taiwan in the future. Each of the 47 cities has meaning.

There are only 12 cities with a population of 1 million.

The remaining 35 will serve as hubs connecting those cities, with accommodations and commercial districts to accommodate workers at the hub locations.

If you just look at the entire country as being under development, then it’s correct.

When all this work is done, Korea will become the center of Asia.

So it is no coincidence that investors are investing in Daehan Transportation, and its stock price has increased fivefold over the past 10 years.

As the value of a company increases, it is also possible to provide quality jobs.

As businesses developed and national income increased, even the financial industry caught fire.

“Huh? The wages keep rising?”

“Then, can I borrow money and invest?”

Now, Korean people take out loans and invest in the stock market.

Because I am confident that I can make money in the future, if the people invest like this, the value of the company will rise and the financial industry will grow along with it.

So, while overseas investment continues to flow in, this pattern repeats itself over the years, sending corporate value skyrocketing into space.

A company valued at just $10 million is huge, but can you imagine $92 billion?

That’s why I decided to quit the presidency and become a businessman.

“I’m not just a businessman anymore. I’m a businessman who owns 107 cities. The President of Korea? It’s petty now.”

Not only Korea, but also Japan, Taiwan, the United States, and Shanghai combined, there are over 100 cities under the influence of Daehan Transportation.

Do you think I would be satisfied with being the President of Korea?

Honestly, playing in Korea is boring these days.

I want to play bigger, but where can I find some meat to eat?

Just then, one place caught my eye.

[Nanjing-Wuhan Riots Continue for 17th Day]

[It is spreading into a national movement rejecting American rule.]

China, which is in great turmoil over wage issues,

American companies will never raise wages like Daehan Transportation.

A fight that was not a game from the beginning. No matter how big an American company is, it doesn’t have 107 cities.

The economic power of Daehan Transportation is equivalent to that of two European countries combined; the company itself is a country.

If there is an area that American companies cannot handle, the government has no choice but to intervene, but I kept my claws hidden until the very end.

If we rush to take over Nanjing and Wuhan, will the US just sit back and do nothing?

He pretended not to care and watched the situation unfold.

***

“I’ll just sell it.”

“Paldan, what do you mean?”

“Honestly, Nanjing and Wuhan are now beyond our capacity to handle.”

This is America,

Government officials continued to hold marathon meetings.

The U.S. economy is sweating bullets because it can’t even handle a mainland population of 200 million, so how will it handle 90 million Chinese people?

There is a way to just give up and let them become independent, but the sunk costs invested so far are too great.

They invested about 500 million dollars and are now walking away with nothing in return, so they are making this fuss to at least get their principal back.

The US government, which has no money after giving $1.5 billion to China to fight the Soviet Union, is going to beat up companies and collect taxes.

That’s why there was talk of selling off Nanjing and Wuhan.

But who are you going to sell that land to?

No matter how you look at it, the only one who can buy that land is Korea.

The problem is that Nanjing and Wuhan are at their lowest point, with a population of 90 million, the cities are backward and the streets have long been slums.

Do you want to get a fair price for selling a city full of problems like this?

It was absolutely impossible to get my money’s worth, but I tried Korea just in case.

“Are you willing to buy Nanjing and Wuhan for $200 million?”

“We don’t have the money for that.”

“Why don’t you have money? We all know that the value of Daehan Transportation is 92 billion dollars. Buy it.”

Prime Minister Park Jeong-ui responded with embarrassment.

Daehan Transportation is not his own company, and whether he buys it or not depends on the will of the head of state.

The bigger problem is that Nanjing-Wuhan is in chaos due to the nationalist movement overlapping with the workers’ strike, and now it is a region that no one will take no matter what is given to it.

Would a head of state want to buy a place like that?

Now Korea and the US are trading over cities,

Prime Minister Park Chung-hee summoned members of the National Assembly and asked for their opinions.

“What do you think about the US asking us to buy Nanjing and Wuhan?”

“That’s nonsense. Why would we buy that?”

“These Americans are trying to pass the burden on to us. This is absolutely unacceptable.”

The expected reaction,

Korea’s urbanization project is still in progress, so where is the spare money to worry about that?

The Korean treasury currently has about $1.5 billion in funds, but that is expected to drop to $600 million due to recent efforts to expand health care.

The Korean government was in a desperate situation, but its head of state was different.

“Isn’t your wealth worth over 9 trillion won? Wouldn’t it be possible for you?”

“9 trillion won? When did your wealth increase so much? Wasn’t it 7 trillion won just a little while ago?”

“It’s no wonder that your wealth increases when you open your eyes. I checked a while ago and it’s 9 trillion won.”

Prime Minister Park Jeong-ui laughed in vain.

The size of my nephew’s assets is no longer surprising, was I trying to stage a coup against such a person?

In any case, I reported to my enemy that such a proposal had been made in the United States.

“It’s burdensome to buy both Nanjing and Wuhan. I’ll buy only some.”

The answer that came back was this.

Since it was burdensome to purchase both cities, the U.S. government decided to purchase Nanjing first, and the urgent matter was urgent, so they received $100 million and handed Nanjing over to Korea.