I Became Park Jeong-ui’s Nephew - Chapter 95



Only Krnovel

He became Park Jeong-ui’s nephew. – (95)

“Brother, shouldn’t we also start donating now? Other companies are donating too, so we can’t go on like this forever, right?”

“Ahem~.”

This is Gaeseong, where two businessmen met face to face.

The identity is Yuhan Corporation founder Yuilhan and his youngest brother Yuteukhan.

Yuilhan has a history of consistently being uncooperative with the Japanese, and has been subjected to intense tax investigations and oppression.

In the end, I did donate about 50,000 won (the price of a house at the time was 1,000 won), but in any case, it was forced due to external pressure.

The Korean government also took that into consideration and did not specifically discriminate against Yuilhan.

Is there any reason for a government that has forgiven even pro-Japanese collaborators to single out only Yuil and turn the pro-Japanese frame upside down?

So, is Yuhan Corporation currently conducting business without any external pressure?

After liberation, Yuhan Corporation lost its business sites in North Korea and Manchuria to the Soviet Union, but expanded its influence to Korea, Japan, Taiwan, and China, and has now grown to a size where it can compete with Japanese pharmaceutical companies.

So who is to thank for this?

The opening of the Shanghai and Taiwan markets was thanks to the Korean government.

Didn’t the country pave the way for companies to expand into various regions? Considering that, it would be right for Yuhan Corporation to make donations to the government.

No, to be exact, it is common sense to donate political funds to the Korean People’s Party.

However, Yuilhan’s position is that he will pay taxes but not give political funds.

“Oh~ If you do that, we’ll be grateful.”

“How stupid… Business can’t be done with honesty alone~.”

“We should donate 100,000 won to President Park Sang-geun.”

Yuhan Corporation’s rivals are not missing this opportunity and are rushing forward.

In Korea, Yuhan Corporation is not the only pharmaceutical company; there are many small companies as well.

Since Yuhan Corporation is pretending to be clean, now is the time to strike.

Although Yuildo felt a sense of crisis that the company might suffer disadvantages if things continued this way, his pride would not allow him to take a bribe.

‘Is it because people don’t learn? Why is education treated so poorly?’

In fact, Yuilhan was the only one who had doubts about President Park Sang-geun’s actions.

Education is a business that determines the 100-year plan of a country.

Now that Korea’s economy has grown, we need to expand the number of universities and nurture more intellectuals, but President Park Sang-geun absolutely does not allow that.

“We will create a society where people like Nixon, who got into Harvard through hard work, are respected rather than people like Kennedy, who made their academic credentials through money. There is no point in simply increasing the number of universities.”

Of course, this also makes sense.

Il-il also graduated from college in the United States, and I also know that American universities are more interested in offering food for ancestral rites than in Buddhist chanting.

But are you saying you won’t go to the market because you’re afraid of maggots?

The eight universities in Korea alone cannot satisfy the Korean people’s enthusiasm for education.

But why isn’t the president interested in education? If the president had the will to invest in education, he would have been willing to invest 50,000 won or 100,000 won.

But what the Korean People’s Party wants is political funds,

Why should I donate in this situation?

If I had just stayed still, the government would have let it slide, but I opened my mouth once and got stamped out by the Korean People’s Party.

“There are no students in the world as poor as Korean students. They don’t learn anything in school, and it costs a lot of money to get higher education. It’s so different from the United States.”

An incident that caught Korean society’s attention,

So what do you want to say now?

Are you bragging about graduating from an American university? Are you trying to say that while America provides proper education, Korean society only provides empty classes and the tuition is unnecessarily expensive?

The Korean People’s Party, which has long had a negative view of Yuhan Corporation, brought up the reality of the American universities that Yuhan Corporation praises so much.

[The U.S. government’s spending on education grew rapidly during World War II and the Cold War, because it needed to support research institutes under the Department of Defense to win the Cold War against the Soviet Union.

As a result, spending on education, which was around $2.05 billion, has now increased to $13 billion, and is now up to $17 billion.

During the Cold War, universities also played a vital role as training grounds for knowledge workers such as scientists, engineers, and technicians, who then rose to power in society.

America’s college promotion policy is thoroughly planned,

If the government invests money to hire talented people, do you think each individual’s academic freedom will be recognized?

In reality, students’ political speech at universities was not permitted and had to be regulated by the code of conduct established by the universities.

“You will stay here from today.”

“We don’t want to sleep here?”

“You have no choice. Political activities are prohibited on campus, and drinking, smoking, drugs, gambling, and sex are also illegal. If you are caught, you will be expelled.”

This is the current reality of American universities.

So, American students are resisting government-led university policies.

We want to enjoy freedom in college, but does freedom feed us?

If the United States had not poured $17 billion into systematically fostering scholarship, the United States would not exist today.

But now that America is in decline, will students who shout for freedom in colleges and universities actually study in the classrooms?

They are pouring out onto the streets and shouting ‘Oppose the Cold War’, and on top of that, they are demanding quantitative expansion of universities, saying that there are not enough universities.

The government is currently investing 17 billion dollars in universities. What kind of quantitative expansion is this?

On the other hand, Korea has inherited the US policy of the Cold War and is focusing on nurturing eight universities designated by the state.

The annual investment is approximately 1.7 billion dollars,

It may not seem like much compared to the United States, but it’s still a huge amount.

But the Korean president says he doesn’t invest in education? What are you trying to say when you say that Korean students only learn formally and have no freedom in education?

The Korean People’s Party, which had long harbored ill feelings toward Yuhan Corporation, began a full-scale investigation.

“Didn’t you guys expand your business to Shanghai and Taiwan thanks to the Korean government? Why are you talking so much?”

“You must have filed your taxes properly as you expanded, right? Let’s take a look.”

“If you find even a little bit of embezzled money, you’re dead.”

Politicians with swords to bury the only one,

The South Korean government has launched an intensive tax investigation.

The Central Intelligence Agency agents who stormed into Yuhan Corporation’s Shanghai-Taiwan branch, a single company was helpless in the face of the violence of power.

***

“Your Majesty, I have discovered corruption at Yuhan Corporation.”

“How much was the embezzlement?”

“We found 8 unreported businesses in Taiwan. The amount of unpaid taxes to date amounts to 12.45 million won.”

Today, I looked at the data from the Central Intelligence Agency, a daily routine that continues today.

We raided the military a while ago, now it’s time to raid a corporation.

The Korean People’s Party suddenly brought up the issue of Yuhan Corporation’s tax evasion. I understand what they want to say, but they have clearly established a causal relationship.

“Is this really something that the sole CEO led?”

“It is a company established under the name of the only president’s younger brother, Yoo Myung. I think they did this to avoid legal responsibility.”

“That’s speculation, not fact. Please investigate clearly who founded this company and report back.”

I didn’t deal with this incident emotionally.

Yuhan Corporation was able to expand its business to Shanghai and Taiwan recently thanks to the Korean government’s policies.

If I want to expand my company, do I just go and build a factory?

Pharmaceutical companies have to compete with Japanese and American companies, and to do so they need people with specialized knowledge.

So, I brought in Japanese chemists and appointed them as professors at technical colleges, and the talents that grew up here are flowing into Yuhan Corporation.

We are growing the pharmaceutical company into a national industry, so do we really need to let such a trivial matter affect the company?

If there are any unreported branches, just bring them out and make them pay taxes.

At that time, the National Assembly dragged Yuhan Corporation Vice President Yoo Myung-eun into the National Assembly audit.

“Mr. Famous, we found 8 unreported branches in Shanghai, and 12.45 million yuan in missing taxes. What’s going on here?”

“It seems that we made a mistake in the process of expanding our business. Did we really intend to defraud you of taxes? Yuhan Corporation is a company that was raised by the President. We will never betray you.”

“What are you talking about? Choose your words carefully. Who raised whom?”

The lawmakers ousted the famous vice president.

Our company was raised by His Excellency the President. Are you trying to say that the President is involved in this corruption?

There were about 10 broadcast cameras that entered the National Assembly Audit Office.

Achahan Yoo Myung quickly changed his words.

“Ah… Everyone, please don’t misunderstand. We were able to grow our company because the talented people who studied at the Korea University of Technology came to Yuhan Corporation. If you think about it, it was His Excellency the President who supported our company. But how could we evade taxes?”

“Would someone who knows that go unreported with 12.45 million won?”

“I have nothing to say about that part even if I had ten mouths. I’m sorry.”

The famous vice president offered a grand apology.

He promised to pay the unreported taxes of 12.45 million soon and donated an additional 3 million won as compensation for causing concern to the public.

However, it is true that this incident has damaged Yuhan Corporation’s image. The company, which had been posting sales of 17 billion won per year, saw its profits drop by 25% this quarter.

That’s how great the public’s disappointment was.

Why would the president establish a technical graduate school to nurture talent and send them to Yuhan Corporation?

But is this the reward?

The subsequent additional reports dealt a fatal blow to Yuhan Corporation’s image.

[The sole CEO’s personal wealth is estimated to be around 2.8 billion won. The personal wealth of His Excellency the President, who runs Daehan Transportation, is also estimated to be less than 100 million won. How can a mere businessman have so much money? Is Yuhan Corporation’s purpose not to develop national industry but to increase personal wealth?]

The image of Yuhan Corporation falling into the abyss,

As the situation became more serious, the sole president announced his resignation.

And he decided to donate 2.7 billion won out of his 2.8 billion won fortune to society, and promised to donate the remaining 100 million won to the Korea University of Technology and Science after his death.

But the people’s resentment does not subside,

When the company he had dedicated his entire life to founding was on the verge of collapse, the sole CEO personally apologized to the public.

“Citizens, I believe that companies belong to society, not to individuals. However, I cannot help but feel depressed because this unfortunate incident has occurred, and it seems that our past efforts have gone down the drain.

I am stepping down taking responsibility, but I hope the remaining executives will keep this in mind.

The role of a company is, first, to grow businesses and provide jobs to young people, second, to pay taxes honestly to the government, and third, to give back to society what is left.

The pursuit of profit is a condition for corporate growth, but a company cannot be a means for personal wealth and honor. The lifeblood of a company is its credit.

I sincerely hope that this incident will not be the cause of Yuhan Corporation’s collapse, but rather an opportunity for further development.”

As the sole president bowed his head, the executives lowered their heads.

Where is the law that allows the CEO who has supported the company to step down because of corruption committed by a famous vice president?

Executives petitioned the government, and many company employees followed suit.