I Became Park Jeong-ui’s Nephew - Chapter 193



Only Krnovel

He became Park Jeong-ui’s nephew. – (193)

“There is no other way. We have to stop the real estate sales.”

“Do you think that’s possible? It doesn’t make sense to block real estate transactions when you can’t control prices.”

This is America,

Economic experts continued to debate the stagflation that was sweeping the United States.

The US market, where too much money was released due to the government’s quantitative easing policy and interest rate cuts,

The U.S. government adopted a tightening policy as suggested by the Federal Reserve, and interest rates rose to 15%. So shouldn’t there be some results at this point?

Surprisingly, nothing has changed.

The biggest problem is that cash continues to flow into the real estate market. Right now, interest rates in the US are as high as 15%, while those in Korea and Japan are around 8%.

Moreover, real estate in Asia is undervalued compared to the United States, and for the price of one apartment in the United States, you can buy two in Japan.

In this situation, where will American investors pour their money?

Cash is flowing into Asia, and even though the Fed has raised interest rates by 15%, investors are borrowing more money.

Considering the high interest rates and the expected increase in housing prices in Tokyo, it was decided that it would be better to speculate in real estate.

As a result, banks’ commercial real estate lending has doubled.

Why would this be a problem?

Currently, building prices are being maintained due to expectations that real estate prices will continue to rise, but as the maturity date approaches, they will eventually have to be repaid.

How are people who borrowed money to buy a building going to pay off their debt?

In the end, even if real estate prices rise, it has to be sold so that investors can make a profit from the difference in market price and repay the money they borrowed from the bank. However, when it comes to selling, it is not easy to get the right price.

“Would you buy this for $500,000?”

“I don’t have money for that.”

“This apartment will continue to rise in price… Is there anyone who wants to live there?”

As the loan maturity date approaches, properties are put on the market in droves.

The result was a collapse in real estate prices,

If this happens, not only the borrower but also the bank will go bankrupt.

“Huh? People are still borrowing money even though the interest rate is 15%?”

“I heard that real estate prices in Japan are rising rapidly these days.”

“Then I should lend it to you!!”

American banks are still not coming to their senses,

They are releasing more money into the market under the illusion of 15% interest rates.

If this is properly repaid, we will enjoy the greatest boom of all time, but if not, what will happen with the shock waves?

The problem is that this is not all,

With banks running out of money on commercial real estate loans, manufacturing companies have nowhere to borrow money.

In order for prices to be controlled, manufacturing needs to be productive, but money is flowing out into real estate, and companies are unable to expand their production lines due to lack of funds. Don’t you understand why the U.S. economy is not recovering?

Some experts have prescribed a drastic measure: raising interest rates to 20% and completely blocking money flowing out of real estate.

The problem is that this is killing ordinary people too.

The US economy is struggling, so there are many ordinary people who are living off loans. If interest rates rise by 20%, isn’t that like telling everyone to die?

That doesn’t mean the government is increasing spending.

The Fed warned of tightening the monetary policy, but how can the government support ordinary citizens with money? Money is being released in droves, but it is not being invested in the domestic economy. Instead, it is all flowing out of the country and the country is going crazy.

If we can’t stop this, the worst-case scenario could be that the entire United States defaults.

But experts urged public opinion not to panic.

“A bomb is not a threat until it explodes.”

“There’s no point in worrying about something that hasn’t even happened yet.”

Literally the logic of miracles,

If you say that a bomb is not a threat until it explodes, then all the nuclear bombs in the world are not a threat.

They say that it is not a threat because it did not explode in our time. How is this any different from passing a bomb? However, the number of people who keep hoping that the bomb will not explode is increasing.

***

“Sir, should I give you more money?”

“Well… how much was the financial operating profit this month?”

“The loan interest alone is 272.4 billion.”

Today, I attended the shareholders’ meeting of Daehan Transportation, a daily routine that continues to this day.

Japan, where a real estate craze is currently taking place

Real estate investment had already been active thanks to low interest rates, and the influx of US dollars literally set it on fire.

Korean capital is playing a part here.

In Korea, real estate is a national asset, so Koreans have turned their eyes overseas.

Since Koreans have no money to spend other than rent anyway, shouldn’t they invest their remaining money? However, that alone won’t be enough to keep up with the real estate market that has gone crazy.

“Borrow money.”

“Daehan Transportation will support you with an interest rate of 8%.”

Here, Daehan Transportation promoted a business of making money by putting money on the line.

Daehan Transportation’s capital is about 3.5 trillion won. What are you going to do with that?

It was a perfect situation for making money by targeting gamblers blinded by speculation, and they released cash and earned 270 billion won in interest alone.

“This time, Shanghai!!”

“You can’t miss Nanjing!! Let’s buy it in advance!!”

The speculative frenzy is now targeting Shanghai and Nanjing, where urban development is actually in full swing.

Even so, it is only sowing seeds in the ground, and it will take some time for real estate prices to rise in earnest.

But Korea is almost done with urbanization, and if I completely open the real estate market, the world will go crazy.

American financial institutions would love it too.

The bubble will probably be so big that you could buy America from the Korean peninsula.

The problem is that there is a limit to how much money can be made, but if we stop here, the company will have made too much profit.

Can’t we make money through speculation while also working some magic to control prices?

In particular, we must absolutely prevent the downfall of the United States.

If financial institutions collapse all at once due to non-payment of loans, Korea will lose its largest market, the United States.

What magic can I use in this situation?

After much deliberation, we have opened up 30% of Korea’s real estate market.

In the past, several cities were opened as special economic zones, but this time, the limit was greatly relaxed, and as real estate was released into the market, American investors began to move into Korea.

In addition, Daehan Transportation is currently lending money at an interest rate of 8%.

Isn’t it obvious what happens after that?

As big players flocked in, Daehan Transportation secured capital and reinvested its profits back into American manufacturing.

Expanding its influence beyond California,

Everyone was so crazy about real estate speculation that they didn’t pay much attention to me sweeping up the manufacturing market.

If you think I’m going to exploit this, you’re mistaken. I printed enough supplies and released them into the market to stabilize prices.

South Korea’s exports to the U.S. have surged from $4.8 billion to $6.6 billion over the past three years.

We expected that we would soon surpass $5 billion, but we reached that goal much sooner than expected.

“Huh? Why doesn’t it collapse?”

“What’s strange? What’s happening now?”

American society is also in turmoil.

The financial industry has spent so much money, but the United States is quiet. Experts’ predictions that the real economy will soon collapse have turned out to be wrong.

The reason is that Daehan Transportation quickly converted financial capital into the real economy.

The real economy, which everyone had been ignoring because they were dreaming of making a fortune, was taken by the scruff of the neck and lifted up by Daehan Transportation.

Over the past three years, Daehan Transportation has invested approximately $2.2 billion in the United States, a three-fold increase from its initial investment of $750 million.

Would it be an exaggeration to say that Korea Transport is supporting the Korean-Japanese-American economy?

Words like that are already starting to come out in the United States.

***

“If I become president, I will bring the headquarters of Daehan Transportation to the United States. I can guarantee that there will be no crisis in the United States under my rule.”

This is California, USA.

Reagan, who had been talking about running for president for three years, finally threw his hat into the ring.

The ability of the administrator who took California’s economy by the scruff of the neck and pulled it up with bold policies and attracting businesses is now beyond doubt.

Some even predicted that Reagan would be elected with the highest approval rating in American history.

In fact, the statistical firm made a shocking prediction that Reagan would win 512 of the 538 electoral votes.

To that extent, support for Reagan in the United States was overwhelming.

Reagan launched a series of radical policies aimed at the public, one of which was moving the headquarters of Daehan Transportation to the United States.

It sounds crazy, but the real question being discussed is who is driving the real economy in the United States when everyone else is crazy about speculation.

Daehan Transportation, or to be precise, Park Sang-geun is the largest shareholder.

If that person had not given the US a blood transfusion at the right time, the real economy would have been destroyed. In fact, the number of employed people in the US recently increased by 480,000, and 230,000 of them were taken over by Daehan Transportation.

Some are concerned that this is a monopoly, so who would invest in the US like this?

Even if real estate investment is blocked, there is no guarantee that the funds will be reinvested in the real economy. In reality, most of the money that American financial companies injected into the market went to the Japanese and Korean real estate markets.

Who is it that has taken the American economy by the scruff of the neck and pulled it up?

Presidential candidate Reagan gave credit to the South Korean leader.

“Don’t be afraid, everyone. He’s not trying to conquer the world. If Mr. Park Sang-geun was really that ambitious, he would have made a profit from finance regardless of whether the US market collapsed or not. But what was the result? He reinvested $2.2 billion in the US. He showed that the US and Korea are not enemies but allies that should work together. That’s why I’m moving the headquarters of Daehan Transportation to the US. If this is confirmed, the US economy will become even stronger.”

Everyone is crazy about speculation, so who will support the real economy?

If Daehan Transportation takes charge of this, it would be welcome news from the US perspective.

Of course, some people are criticizing Reagan for selling out the American economy to Korea.

So is there any other alternative?

Daehan Transportation is not a Korean company, but a multinational company.

What matters is where these companies are headquartered.

Just attracting the headquarters of Daehan Transportation would be a good sign for the U.S. economy. In fact, a few days after candidate Reagan announced his pledge, Daehan Transportation stocks rose 6%.

Investors who were crazy about real estate had no choice but to look elsewhere.

The money that was flowing into real estate changed direction to stocks.

From this time on, the stock price of Daehan Transportation began to rise again, and its corporate value exceeded 140 billion dollars.

Now that the United States is also sending a love call to come here, the world’s public opinion has naturally turned its attention to Park Sang-geun, the largest shareholder.

Will the headquarters in Korea really be moved to the United States?

First of all, Koreans expressed their will to fight to the death, saying that it would absolutely not happen.

“Daehan Transportation is a Korean company!!”

“Going to America is ridiculous!!”

“There’s no chance of you coming to Japan? I just asked.”

Now, Japan is also showing some interest.

If you can secure a lot of taxes just by raising funds, who wouldn’t be greedy?

As President Reagan continued to send love calls, the Korean government also became nervous.