The Highest Level Son of a Chaebol Family - Chapter 403



Only Krnovel

403. I don’t accept that offer!

The Japanese Prime Minister remained silent for a long time, seemingly speechless.

“Northcop Gate… … .”

Because of this, the US and Japan are noisy every day.

That was the gate that was blown up.

“I heard that the former Japanese Prime Minister also suffered greatly because of the Lockheed Gate scandal that broke out a few years ago?”

The Japanese side was very tense.

It wasn’t just the Japanese prime minister who was called to court and suffered humiliation during Lockheedgate.

“From the Prime Minister’s secretary to the Public Security Investigation Agency, high-ranking government officials have taken off their clothes one after another.”

The empty seats were filled by the Prime Minister’s Secretary and the Director of the Public Security Investigation Agency, who were sitting in front of me.

“Marubeni Corporation, which was identified as the source of funds for the Lockheed Gate bribery scandal, was hit hard.”

Was only Marubeni Corporation robbed?

There were more than one or two large corporations associated with them.

At that time, the chairman of the Japan Economic Federation was also ousted, so is there someone here who took the vacant position?

“Furthermore, the Liberal Democratic Party, which was pointed out as a hotbed of bribery, suffered a huge blow from the party leader to its members, right?”

The leader of the Liberal Democratic Party who is sitting here now is also benefiting from it.

Former Liberal Democratic Party leaders and executives are still unable to avoid prison.

It was Japan’s representative conservative party and the largest party boasting overwhelming power.

After Lockheedgate, the party fell into a situation where it was closely followed by the Socialist Party.

“What would happen if the Northcorp-gate scandal, which involves a larger scale of bribery, were to break out while the Japanese people’s distrust of the government has not subsided?”

“I have to try to stop it.”

“How?”

I tilted my head to the side.

“It wouldn’t be possible to control the media since it didn’t even explode in Japan?”

Why would I have blown it up at a public hearing in the US and not in Japan?

“In order to recover from the distrust caused by the Korea Gate, the US congressmen will mercilessly attack Japan.”

I shrugged.

“We couldn’t stop it even at Lockheed Gate, so how are you going to stop it?”

“Ugh!”

“If I could have stopped it, I wouldn’t have had to come all the way to Korea.”

“… … Phew.”

The Japanese Prime Minister sighed.

It was a sigh full of resignation and defeat.

“If Northcop Gate were to stop at this point, would you do so?”

“That depends on the sincerity of the Japanese government.”

“… … So you’re saying it’s possible.”

“Of course.”

“good night.”

The Japanese Prime Minister nodded.

“Then let me show my sincerity.”

“Just in words?”

I farted.

“I don’t trust anyone’s words. Especially not when it comes to politicians who make empty promises, fabricate, incite, and lie as easily as eating a meal.”

“But shouldn’t the words of the commander in chief be different?”

This meant that the weight of one’s speech varied depending on the position.

“So that was the bribe sent.”

Bribery and favors are a set.

“I think there is room for Jeong Dong-jin’s successor to work together with the Japanese government.”

“A person like that would openly threaten you?”

They said they would use public power to control JH Investment and Nakamura Real Estate.

“Didn’t you mean to say that we should become one?”

We are focusing on the Japanese financial and real estate markets.

The Japanese government is shutting down my company.

Didn’t that mean we should hang on and bite until the other person dies?

“If that were the case, we wouldn’t have even brought up taxes.”

“You’re not even offering tax exemption, you’re just pushing for tax cuts and such?”

“If we add this, people won’t say it’s just a tax cut.”

widely.

The Japanese Prime Minister took an envelope out of his suit pocket.

‘What is that? Why is it golden?’

The contents haven’t even been properly released yet.

The golden light flashed brightly through the envelope.

‘It’s over.’

I stretched out my hand as if possessed.

widely.

The Japanese Prime Minister touched the envelope placed on the wooden table.

“Before opening the envelope, I need to check if they are willing to negotiate.”

“Wouldn’t that depend on what you put out?”

“Waving a carrot at someone who has already made up their mind is useless.”

“If that were the case, this place wouldn’t have been created, right?”

I snorted.

“Do you know anyone who came out here because they had so much time on their hands?”

I’m busy too!

I have to write a picture diary, do research, and do vacation homework.

And that’s not all?

When I get home, I have to cut off the heads of bean sprouts for dinner, I have to remove the anchovy droppings, I have to peel garlic, and I have to peel the bean pods.

“I and these guys are the same in that we have thrown away our political affairs at the end of the month and the beginning of the new year and come flying in.”

The Japanese Prime Minister gritted his teeth, still clutching the envelope he had taken out.

“If the Japanese government promises not to interfere with the Jeong family’s business, will you back down from your intention to declare Japan a national bankruptcy?”

“Surely you’re not just going to pretend to be kind and wipe your mouth after just one year, are you?”

We stared at each other without retreating an inch.

Sparks flew from his eyes.

“5 years.”

“Who can stick it in their nose with just 5 years? It should be 20 years.”

“You mean 20 years including the past?”

“Let’s bury the past with service. The next 20 years.”

“Then let’s make it 10 years.”

10 years.

The time I was promised to my grandfather was 10 years.

The time it takes to get rid of the shackles of minors is 10 years.

10 years is the time to prepare a solid academic background and power that others cannot ignore.

“They say even mountains and rivers change in ten years. It wouldn’t be such a bad deal for the Jeong family either.”

“You have to try it to find out.”

“Then let’s go through them one by one right here.”

The Japanese prime minister said bluntly.

“I would like to see the recovery of JH Investment’s short-term borrowings be postponed. That too for 10 years.”

“Hmm.”

I plan to get rid of everything before the Japanese real estate bubble bursts.

Then isn’t 10 years too long?

“Let’s do it for 5 years.”

“10 years.”

“If you don’t like it, don’t do it. By the way, if the Japanese financial market collapses, it will take at least 10 years to recover.”

“Hmm.”

The Japanese Prime Minister was unable to refute the claim.

The same was true for his closest associates.

“Prime Minister, I think five years will be enough.”

“If JH Investment does not immediately recover its short-term debt, we have no reason to take any risk.”

“Honestly, I doubt the World Bank or the International Monetary Fund would lend that much money.”

“Also, given that Japanese banks are currently ranked among the world’s largest in terms of market capitalization, exposing their financial weaknesses could result in tens of billions of yen evaporating in an instant.”

The Japanese Prime Minister nodded heavily with a satisfied expression on his face.

“Okay, regarding the suspension of JH Investment’s short-term borrowings for 5 years… … .”

“But there is a condition.”

“condition?”

“Then did you think you could get it for free?”

“… … .”

There’s no need to look so surprised.

“It is a basic principle of market logic that the government should not intervene in private enterprise business. Why are you making such a big deal about that?”

“… …What do you want?”

“Establishment of a financial holding company in the name of the Jeong family.”

“ha.”

The Japanese prime minister cleared his throat.

“Establishing a financial holding company. Is that really okay?”

“Yes. Not all Korean companies, but Japanese companies.”

The Japanese Prime Minister’s closest aides were delighted.

“Prime Minister, it is a good thing that you are establishing it as a Japanese company!”

“Come to think of it, hasn’t there ever been a proper financial company under the Jeong family’s name?”

“Although the Jeong family had deep roots in private lending, they were unable to develop into an institutional financial company.”

“It’s not really that difficult. It’s a good deal if you just exchange one permit for a short-term loan recovery right.”

The Japanese Prime Minister nodded.

“Congratulations to the Jeong family for cleaning up their underground financial business and transitioning to an institutional financial business. Don’t regret the gray hairs you’ve accumulated from worrying about taxes in the future.”

At that moment, when the Japanese Prime Minister was about to extend his hand, the Prime Minister’s secretary grabbed his arm with an embarrassed look on his face.

“Prime Minister, this is not a matter to be taken lightly.”

“What’s the problem?”

“Our Japanese government has maintained a policy of restricting the establishment of conglomerates and financial holding companies.”

It was because of America’s strong policy of containing Japan.

Also, Japanese politicians did not want the wealthy conglomerates to threaten their power.

“If the Jeong family wants to establish a financial holding company, they will have to overhaul Japanese law on a large scale.”

“Isn’t there anything that needs to be overhauled?”

The Japanese Prime Minister looked at his secretary with skeptical eyes.

“Our Japan has leaped forward as a world-class financial powerhouse. In some ways, this could be another opportunity and a springboard for a new leap forward.”

“That’s right, Prime Minister! Your words are just and correct!”

The governor of the Bank of Japan immediately chimed in.

“In fact, Japanese banks have often been held back in global markets due to regulations from financial authorities.”

Ambition and expectation flashed in the eyes of the Bank of Japan’s central governor.

“In order to create a giant Japanese financial company that surpasses the United States, and to seize hegemony in the global financial market with Japanese capital and financial system! I believe that now is the time to improve the financial system.”

It was an issue that had been raised several times before.

However, it was a proposal that was always stranded due to opposition from the legislature.

“I would like to ask the Prime Minister, members of each party, and ministers of each department to carefully review this!”

The governor of the Bank of Japan bowed 90 degrees.

The will not to back down and the unwavering determination were evident.

The governor of the Bank of Japan bowed and shouted loudly.

“Does the Chairman of the Japan Economic Federation have anything to say?”

“yes?”

“Isn’t it just our banks that want regulations on establishing financial holding companies to be relaxed?”

“ah!”

The chairman of the Japan Economic Federation also immediately bowed at a 90-degree angle.

“Japan’s finance must be firmly established, and this will serve as a springboard for Japanese companies to grow even further!”

Originally, corporations and the financial sector had an inseparable symbiotic relationship.

“I believe that it is time for the government and institutions to provide support so that Japanese companies can grow into global companies!”

The chairman of the Japan Economic Federation also had a loud voice.

“The Japanese economy will survive only when we attract world capital to Japan, use Japanese capital for corporate investment, and develop Japanese industries so that they stand tall in the world market!”

In a booming voice, the chairman of the Japan Economic Federation appealed.

“In order to create a win-win structure between corporations and finance, and for a more prosperous Japan, the Japanese government and lawmakers need to make a decision!”

That was when.

The leader of the Liberal Democratic Party put down his glass with a thud.

“What kind of traitorous talk is this?”

It was a displeased voice, a displeased expression.

“Is it even possible to say that Japanese law should be overhauled for the sake of the Jeong family?”

The Liberal Democratic Party leader looked at the crowd with sharp eyes.

“Even if the World Bank and the International Monetary Fund lend short-term loans with vicious conditions attached, how could that be more terrible than overhauling Japan’s fundamental laws?”

The Liberal Democratic Party leader snorted.

“Prime Minister, this seems too much. No matter how sweet JH Investment’s proposal to reserve short-term borrowings may seem… … .”

“You’ve been so busy instigating people that it seems you don’t even know how to calculate the money anymore.”

The Japanese prime minister glared at the leader of the Liberal Democratic Party, unable to hide his displeasure.

“Since sitting in the party leadership position, he has only developed bad habits.”

“Prime Minister?”

“Is it bad to show my habit of unconditionally opposing any statement made by the Socialist Party here?”

The Japanese prime minister clicked his tongue.

“Approval of the establishment of a financial holding company and the protection of the Japanese financial market. It is clear to anyone who sees which way the scales are tilted.”

“Isn’t JH Investment trying to ruin the Japanese financial market?”

The leader of the Liberal Democratic Party glared at us as if he were looking at an enemy.

“JH Investment is all about messing around with Nakamura’s real estate as collateral, fooling Japanese banks with shallow tricks, threatening them with short-term loans, and threatening the Japanese financial market!”

The Liberal Democratic Party leader particularly gritted his teeth at the sight of the southeastern skunk.

“Why should we, Japan, bow our heads to these guys?”

The Liberal Democratic Party leader and the Southeastern skunk had their swords pointed at each other.

The Liberal Democratic Party leader straightened his neck.

“They were the ones who caused the chaos, so why should we be taking advantage of them?”

“Is this the end of negotiations?”

I guess that guy has no intention of talking.

I put my hands together and bowed politely.

“I guess there’s nothing we can do. Then take a look.”

“I accept that offer!”

The Japanese prime minister said bluntly.

“I promise to take responsibility for the establishment of a financial holding company for the Jeong family and to ensure its passage unconditionally.”

“Prime Minister, our Liberal Democratic Party will absolutely not tolerate this!”

The decision to overhaul Japanese law is made by a vote of the members of the National Assembly.

The Liberal Democratic Party won close to a majority of seats.

“That’s too bad.”

The Japanese Prime Minister’s eyes sparkled with coldness.

“Then I have no choice but to step down as party leader.”