I Became Park Jeong-ui’s Nephew - Chapter 182



Only Krnovel

He became Park Jeong-ui’s nephew. – (182)

“Your Majesty, have you ever thought of investing in finance?”

“No, not at all.”

Ongoing business trip to the US,

I continued my conversation with Governor Ronald Reagan.

In the United States, manufacturing has opened up the door for investment, so wouldn’t it be good to try to get involved in finance? However, I drew the line and said I wouldn’t go that far.

“Wouldn’t it be easier to make money if you invested in finance? You could always reinvest…”

“That’s the trap. That’s why the American economy collapsed.”

The growth of the financial industry has also played a role in the explosive growth of the U.S. economy over the past decade.

The secret is that the financial industry can copy money.

For example, let’s say a bank lends ten million won to A. Then A will invest the money or use it for living expenses.

From the bank’s perspective, since there will be money that needs to be received in the future, they can create investment products based on that.

There is only 10 million won in actual money in existence, but it is as if 20 million won in cash has been released into the market. What will happen if this situation repeats?

The amount of cash in circulation will increase several times more than the actual amount, and an increase in the amount of cash in circulation will inevitably lead to inflation.

“Huh? House prices keep rising?”

“And the bank also gives loans? I guess I’ll have to go into debt to buy a house.”

As the value of cash falls, the value of the physical asset cannot but rise.

Ultimately, the cause of the US real estate boom is reckless lending. The financial industry can increase the size of the economy by copying money, but one day, like in the US, it will face a backlash.

This is the reason why the US interest rate rose to 15%. They should have adjusted the interest rate at the right time, but they continued to indulge in debt and collapsed.

For those without money, this is hell, but for cash-dependent people like me, this is a golden opportunity.

I have $1.2 billion in cash in my pocket right now, and if I invest it in American financial businesses, I can make $180 million in just one year.

Literally, putting money on the table and making money,

So am I the only one making money?

What if I invest $1.2 billion, a financial institution can lend to the state of California, and then create an investment product based on that?

For California, that would mean $2.4 billion in revenue.

So, Governor Reagan was begging me to invest like this, but I took a step back, saying that was just peeing on the floor.

“If you really need money, I can invest $300 million in a financial institution. But I can’t guarantee what kind of impact that will have.”

“Sir, we really need that money. We need to invest more in the local economy going forward, but the federal government is talking nonsense about austerity measures, and financial institutions are failing one after another because they can’t repay their debts. If you don’t give us support, we won’t be able to turn California around in the short term.”

“If you say so, then I can’t help it.”

I accepted Governor Reagan’s request, pretending I couldn’t win.

I can confidently say that I have nothing to lose.

American manufacturing is slowly coming back to life, and if the financial industry adds a little more strength, it will go up, and then we only need to collect 15% interest.

This is the power of finance, when things go well, money multiplies.

Now California is in my hands not only for manufacturing but also for finance. In fact, I had been thinking about investing in finance, but I didn’t show my ambitions in this area first.

If they have already done manufacturing, wouldn’t they be called a monopoly if they get involved in finance as well?

So I just made up an excuse that the state government recommended the investment first, and that’s how I made $200 million in profit from one business trip to the US.

The money copy game is fun, but if it stops there, I’ll be like Scrooge, who only cares about money. So, I decided to use this opportunity to create a foundation in the United States.

“If the governor gives his permission, I would like to create a charitable foundation in the United States.”

“A charity foundation?”

“Yes, didn’t Korea grow with the support of the United States? So now I should also give back to American society.”

“No… Is it really okay for you to give so generously?”

“It’s okay. The Korean economy will recover quickly only if the U.S. economy recovers quickly. And that’s why I came here.”

I created a corporation here with a capital of 50 million dollars.

This would increase my investment to $750 million, and California would literally be hit with a money bomb.

As the local economy recovers, Governor Reagan’s prestige will increase even more, and if this man becomes President of the United States, I will have secured a diplomatic partner.

With such great results from the expedition, I thought it was time to return to Korea, but Governor Reagan would not let me go.

“Your Majesty, since things have come to this, why don’t you stay in America?”

“Are you in America?”

“Yes, Your Majesty, you have become too big to stay in East Asia. Shouldn’t you now increase your influence in the United States?”

This is a rather tempting suggestion,

If I expand my reach here, is there any reason why I can’t become President of the United States?

But as the saying goes, a journey of a thousand miles begins with a single step, now is not the time to reveal my ambitions.

Starting with California, I plan to slowly expand my influence in the future. If that is possible, a ‘Park Sang-geun, President of the United States’ could emerge in the future.

It was like a dream, but for now, the seeds have been sown, and I boarded the plane to Korea with a grateful heart.

This business trip to the US took a whole 4 months.

In the meantime, a lot of things were happening in Korea.

***

“Defendant, are you willing to post bail?”

“… … … .”

“It is against the law in this country to wash away sins with money. The opposition party has now filed a request for bail. What do you think about this?”

This is Gyeongseong,

A politician gathers his thoughts ahead of sentencing.

He was put on trial for insulting the head of state, but the defendant was innocent.

Since the economy is difficult, I only criticized the government and pointed out the behavior of companies that are hoarding money. How can that be a crime?

However, the prosecution applied the charge of insulting the head of state to Kim Dae-jung.

[Daehan Transportation earned 8 trillion won and paid only 1.9 trillion won in taxes. The rest probably went to the head of state.]

The root of the problem is that the reporter wrote an article like this and attacked the head of state based on it. But is that worth dying for?

Kim Dae-jung protested that he had no intention of insulting the head of state, but the prosecution demanded the death penalty.

The opposition party should have raised money to save Kim Dae-jung through fundraising, and just said that he was wrong.

But Kim Dae-jung had no intention of extending his life with bail money.

This is the same as waving the white flag to the vested interests, and he continued his final argument saying that he would rather be put to death.

“I admit that I made a slip of the tongue based on misinformation. But if people are dying to that extent, can we call that a democratic society?”

“Defendant, there is a saying that a sharp tongue can kill. The head of state even mentioned resignation because of the defendant’s careless remarks. How can you say such a thing? What has the defendant done for the country so far? You are just a representative of the opposition party, and you have done nothing for this country. However, the head of state is on a business trip to revive the Korean economy at this very moment. Does such a defendant have the right to dare to evaluate this country as a dictatorship?”

The defendant kept his mouth shut at the prosecutor’s cold attitude.

The news that the Korean head of state achieved great results during this business trip has already reached Korea.

He used to be a hero in Korea, but now he is also a hero in the United States.

Not only California Governor Reagan but also many other American politicians highly regard the Korean leader.

It is only natural that the world would point fingers at you for touching such a person.

Kim Dae-jung realized that he had no one on his side.

Who will speak for me if I am sentenced to death here?

All he can rely on is the bail money prepared by opposition figures, and if he pays this, his sentence may be slightly reduced.

But it was a choice that would hurt his pride, so he thought about it for a long time before opening his mouth.

“I sincerely regret that I have harmed the dignity of the head of state.”

Kim Dae-jung swallowed his pride.

If I die here, who will resist the dictatorship?

The opposition party members must have also raised bail money with that kind of mindset. They paid 20 million won in bail money and replaced the death sentence with a 15-year suspended sentence.

“How can this be true?!! How can you pay for sins with money?!!”

“Execute him immediately!! Innocent until proven guilty!! Guilty until proven guilty!!”

Of course, there was criticism from some quarters that they had paid money to save the life of a criminal.

However, Kim Dae-jung has already been sentenced to death politically, and is banned from political activities for the next 20 years and cannot leave the designated location.

A politician’s life is over, so if this isn’t the death penalty, then what is?

Even Park Chung-hee, who was threatening to kill Kim Dae-jung, was satisfied with this.

Now that the opposition leader has come to that point, the opposition party is in a state of amputation.

Taking advantage of this momentum, the vested interests took over Congress again.

Park Jeong-ui, who had pushed for a law banning insults to the head of state, had his political life revived by this incident, and was elected as the third Prime Minister of the Republic of Korea in the National Assembly.

‘You can never beat us, how dare you crawl up here?’

Park Jeong-ui decided to use this opportunity to solidify his one-man dictatorship.

In order to prevent the emergence of new competitors, the conditions for founding a party were made more stringent, and when people tried to do politics, even dogs and cows, people like Kim Dae-jung emerged.

They pushed for a ban on the establishment of regional political parties on the grounds that they hindered national unity.

[According to Article 3 of the Political Parties Act, the requirements for establishing a political party are to have a central party in the capital city and five or more city/provincial parties. Since Korea already satisfies this requirement, there is no basis for establishing regional political parties.]

The specific details are like this,

South Korea now has two major political parties in the capital, and each city and province also has smaller and medium-sized parties.

This is enough, but how many people are there who hang up political party signs and show off their power?

The Constitutional Court also supported the claims of the privileged class, saying that there is no provision in the Political Parties Act that supports regional political parties.

“Allowing regional political parties could deepen regionalism and increase conflicts of interest between regions. What Korea needs now is a large political party that can unite the nation and public opinion.”

Public opinion also seems to agree with this.

If anyone sets up a political party in a democratic society, wouldn’t there just be more scumbags?

It is true that I hate seeing people wearing armbands claiming to be regional party representatives, and thousands of regional parties have been branded as illegal organizations overnight.

Now, it is a world of perfect vested interests,

Having completed all these tasks, Park Jeong-ui rose to the position second only to the head of state.

The problem is that all this work was carried out while the head of state was away, and of course the head of state has no authority to interfere with the administration or parliament.

But it is true that you can see the difference,

Park Chung-hee, who had previously been ousted from office after pushing for a constitutional amendment too aggressively, left the final decision to the head of state.

***

“Prime Minister, what is this?”

“I have come to receive your approval.”

This is Changgyeonggung Palace,

I received the documents my uncle brought from the office.

All documents related to the judiciary, parliament and administration,

I sensed my uncle’s true intentions, but I refused to pay.

“Don’t bring this to me. Isn’t this all a matter for the Congress to handle?”

“But I have to report it….”

“Prime Minister, if this is going to happen, I will become the president again. Didn’t you take this position to reduce my burden? And I will have to go on a business trip to China again soon. I have a lot of work to do, so please reduce my burden.”

“All right.”

In this way, I left Korean politics to my uncle.

Now, I am in a position where I have to travel around the US-Soviet Union-China-Japan area, and I am not tied down to any one place, so I did not intervene in Korean politics.