I Became Park Jeong-ui’s Nephew - Chapter 165



Only Krnovel

He became Park Jeong-ui’s nephew. – (165)

“Your Majesty, here is the list.”

“Okay, let’s see who’s been fooling the US government.”

This is the United States, and President Richard Nixon has confirmed the names of businessmen who have been appointed to the Oil and Gas Commission.

Saudi Arabia, which has been steadily pursuing oil nationalization,

The United States, which needed to keep Iraq in check, had to appease Saudi Arabia, and instead of nationalizing the country, it tried to transfer the profits earned by American companies in Saudi Arabia to the Saudi royal family.

American corporations that hate this, set fire to the oil fields and pass the blame on to Iraq.

So, from the US government’s perspective, who should they be angry at?

Why did you have to give Saudi Arabia a mere $100 million and let the incident escalate by setting fire to the oil fields?

Because of the overreach of American corporations, the United States was branded as the “evil of the world” and chose the less-than-ideal approach of supporting Israel to contain Iraq.

Now it’s time to pay the price, President Richard Nixon confirmed the names of businessmen who had been named to the Oil and Gas Commission.

Criminals who mock America for their own benefit,

Four businessmen linked to this incident were expelled from the Oil and Gas Commission.

The problem then becomes that if the US wants to maintain its hegemony in the Middle East, it will have to manipulate oil at will.

But with four American businessmen stepping down from the committee, shouldn’t someone be there to fill their positions?

Here Iran has stabbed America in the ribs.

“I have someone to recommend.”

“Who is that?”

“This is Park Sang-geun, the Marshal of the Republic of Korea.”

Shah Pahlavi II of Iran recommended the Korean leader as a member of the Oil and Gas Commission.

It has already been 12 years since Korean companies entered the Middle Eastern oil business, but they have yet to send a member to the Oil and Gas Commission.

The Oil and Gas Commission, which has been run by Americans and British for generations, how long will this dictatorial structure be maintained?

Pahlavi II recommended the Korean leader to break this structure.

It was intended to save face for South Korea, which had invested heavily in Iran, and for Iran to benefit by getting involved, but Richard Nixon ignored Shah Pahlavi II’s request.

It is true that Korea has played a major role in maintaining America’s hegemony in the Middle East, but does that mean it should be included in the Oil and Gas Commission?

The US intends to continue to exploit the Middle East for generations to come.

In the end, Pahlavi II’s claim was not accepted.

***

“America ignored me?!!”

“Yes, Your Majesty.”

“These are the despicable guys!! How can you lower my reputation like this?!!”

This is Tehran, the capital of Iran.

Pahlavi II was furious at America’s attitude.

The US dominates the Oil and Gas Commission, and to take away this power, it must push Arab businesspeople into the commission.

But the Iranian government does not have enough power to do so yet, so they pushed in South Korea, which has the second-largest influence in the Middle East after the United States.

If a Korean person joins the committee, an Iranian person can join the committee later on, so I recommended the Korean leader with that in mind, but the US doesn’t even pretend to listen.

What would happen to the king’s pride if this happened?

Pahlavi II was furious, saying that even the United States could not be trusted.

“Give the remaining 13% of genetic resources to Korea.”

“But Your Majesty, if that happens, how will the committee react…?”

“I’m not afraid of the committee!! Do whatever you want with it!!”

Pahlavi II gave 78 more nuclear power plants to Korea.

Iran has already nationalized 80% of its nuclear power plants, and the question is who will get the remaining 20%.

Pahlavi II gave 7% to Korea and left the remaining 13% for American companies.

But who would have thought that the US would be uncooperative here?

The distraught Pahlavi II ignored the committee’s recommendations and gave all power to Korea.

Naturally, the committee was in chaos.

Businessmen representing American interests rushed to Tehran.

“Your Majesty, this decision was made without consulting the committee. Please reconsider.”

“Inventory? Does inventory mean that we can do whatever the United States wants?”

“No… That’s not what we meant… .”

“Why is the US taking all the seats in the Oil and Gas Commission? Does it mean that we should continue to follow the US’s will without complaint? And if it weren’t for Korea’s help, would the US have been able to end this war so easily? And yet, they won’t give us even one seat. I’m disappointed in the US and the commission.”

Oil and Gas Commission officials were baffled.

However, Iran has already completed the nationalization of its oil, so it has no reason to complain to the United States.

No matter how powerful the United States is, can it forcefully take away Iran’s nuclear power plants?

If that were to happen, it would be like certifying the US as a villain to the world. As the US influence in the Middle East grew too much, even Britain had something to say.

“Korea has contributed to the Middle East order so far, so not giving it a single seat on the committee is too harsh a treatment.”

When even Britain came out like this, the United States also felt pressured.

The position of the allies is that even if you eat, you should not eat alone.

Ultimately, the United States gave up all four vacant seats on the Oil and Gas Commission to its allies.

One position was given equally to the UK, South Korea, Iran and Saudi Arabia. The UK, Iran and Saudi Arabia quickly dispatched people, but South Korea took its time.

***

“Your Majesty, why don’t you go to the Middle East?”

“We are looking for someone to fill that position.”

“Isn’t the enemy sitting there?”

“Yes, I will send an agent.”

The same routine that repeats itself today,

I gathered businessmen together.

What does it mean to have a foothold in the Oil and Gas Council, the powerful organization that controls oil prices and production in the Middle East?

An organization that actually has more influence than the UN,

I wish I could sit there, but then I’d have too much work to do.

He has already shouldered the burden of being the head of state of Korea and the largest shareholder of Daehan Transportation, so why should he have to shoulder another burden here?

If so, sending a puppet to rule on your behalf is also a method.

We plan to select a suitable candidate from among Korean oil companies that have advanced into the Middle East.

What I expect from the scarecrow is complete obedience,

If any company mocks the government for its own gain, it is a death sentence.

The problem is that corporations are always motivated by profit, so they can act against the government at any time. If lawmakers conspire to reduce oil production, energy companies will make huge profits.

Oil producing countries will also be easily bribed by the committee because it is beneficial to them.

That’s why it’s important to elect the right person.

But do we have such a great person in our country?

I gathered businessmen together to test it, and they started to make plausible flatteries.

“Your Majesty, if you recommend me, I will work for the benefit of the Korean government.”

“Anyone can say that. Sir, I will donate half of my stock to the government.”

“No, Chairman Kim!! That’s foul play!! The enemy wants businessmen who are loyal to the government!! If that’s the way it is, then everyone will bribe their way into becoming members of the National Assembly?!!”

“No, I’m donating half of my stock to the government. How is that a bribe?!!”

“If that’s the case, I can donate all my wealth!!”

“Everyone, stop it!! What are you doing in front of the enemy?!!”

As expected, businessmen are beating drums and janggu among themselves.

Do we really need to elect members of the Oil and Gas Commission from among this rabble?

You idiots fighting over a spot that doesn’t even fit your size, I almost wanted to say “I’ll do it” but I put it back in.

Anyway, now that I’ve thrown out the bait, it’s time to see who takes the bait.

Here, one businessman steps forward.

“Your Majesty, may I say something?”

“Please speak.”

“Securing oil is important, but it alone is not enough to produce enough energy. The current trend is thermal power generation, and it is time to increase thermal power plants. If you give me that position, I will take over Taesung Heavy Industries.”

Taesung Heavy Industries was once the 7th largest energy company in Korea.

However, recently, losses have been piling up and the company has been classified as insolvent.

The biggest reason for becoming an insolvent company is because they failed to follow the trend. It is true that nuclear power plants produce a lot of energy, but they have to import raw materials.

That’s why thermal power plants that burn coal to obtain energy have become the trend.

Of course, Korea plans to increase the number of thermal power plants in the future.

The problem is that there aren’t many companies willing to take on this.

To increase thermal power generation, we need to build factories and take on coal.

Who gets the coal for free, and what about the means and cost of transporting it?

Can you imagine how big that initial investment would be?

So, companies are clamoring to get into the oil business with high returns on investment. If they suck up all the honey, which company wouldn’t grow?

If you really want Korea to develop, you should shoulder that burden. Why are you trying to win business by offering bribes?

But Hyundai Group Chairman Chung Ju-young was different.

He promised to acquire Taesung Heavy Industries, which had become an insolvent company, and invest in thermal power generation. This would require him to invest most of the profits from the oil business in thermal power generation.

You won’t see any benefit for at least 5 years, at most 10 years, but is that okay?

I asked for consent again.

“Mr. Chairman, you won’t be having fun for a while. Is that okay?”

“That’s okay. If we invest 10 years, our company’s future will be secured, so why can’t we do it? Leave that task to me.”

“If you say so, I will give you that seat.”

The last empty spot was filled like this.

Hyundai Group has decided to invest 5 billion won in Korea’s energy industry over the next 10 years, Chairman Chung Ju-yung declared to the nation before leaving for the Middle East.

“People, we should not be complacent about having obtained oil. Even if we extract oil, if we do not have the technology to process and refine it, it is just a string of pearls on a pig’s neck. Why would the Middle East be watching the eyes of companies? It is important to secure resources, but it is more important to secure the technology to produce energy.

Korea’s electricity consumption is increasing by 11% every year, and thermal power plants need to be expanded further to provide a stable supply of electricity to businesses and households.

We also need to invest more in developing heavy industry.

Our Hyundai Group did not receive the privilege of oil from the Korean government, but rather received military funds to solve the energy problem. As a businessman and a member of the Republic of Korea, I will definitely complete the mission given to me by the country.”

The workers leaving for the Middle East also shared the same vision as the company chairman.

We are not a privileged group, but workers who work for the development of the country, and we have made it clear that we will do our best for the development of the country.

Now is the time to show it with actions, not words.

While Chairman Chung Ju-yung was away in the Middle East, Hyundai Heavy Industries acquired Taesung Heavy Industries and built thermal power plants in various locations.

The entire process from coal mining to transportation is taken care of by a company. Is it okay for a single company to invest so much money at once?

But Hyundai Group did not collapse.

The chairman of the company has become a member of the Oil and Gas Committee. Isn’t this enough of a reason for foreign investors to invest in the Hyundai Group?

Hyundai Group secured 12 billion won in investment funds during this process.

The construction of the thermal power plant proceeded without any problems.