The Highest Level Son of a Chaebol Family - Chapter 404



Only Krnovel

404. Time to prove your sincerity

The Liberal Democratic Party leader was furious.

“Are you telling me to step down from my position as party leader now?”

“You heard me right.”

“How… how can you say such things so easily?”

The Liberal Democratic Party leader had a look of betrayal on his face.

“I have never hesitated to devote myself to the Prime Minister and have supported him through all means. I have even fought with the media to lessen the Prime Minister’s burden!”

“I appreciate that.”

The Japanese prime minister pointed to the two people who were still bent at 90 degrees.

He was the Governor of the Bank of Japan and the Chairman of the Japan Economic Federation.

“But look at this. This is the situation. This is advice from financial experts and business professionals who have come together in unison for the Japanese economy.”

“This is also advice I give as a politician of this country. It would be problematic to view the revision of the law so lightly.”

bang!

The Liberal Democratic Party leader slammed the wooden table with his palm.

“Are you going to tear down a system that has been working fine so far just to accommodate the convenience of a single private loan shark?”

Bang bang bang!

“Do you think this makes sense?”

“Why aren’t there any problems? The bankruptcy of Japanese banks is coming out of our mouths right now!”

The Japanese Prime Minister’s gaze was cold.

“The banks are now unable to repay JH Investment’s short-term loans. And it’s not just one or two banks, it’s over twenty banks!”

bang!

The Japanese Prime Minister also did not give up and slammed the wooden table.

“If we leave it like this, everything from banks to companies will collapse one after another! Isn’t that a problem?”

“Prime Minister, it was not a matter of the law being wrong. It was a matter of the absurdity of lending practices.”

The Liberal Democratic Party leader clicked his tongue as he looked at the Bank of Japan governor, who was bowing his head.

“There is no provision in Japanese law that requires a loan to be issued for much more than the value of the real estate collateral.”

“We can discuss right and wrong later! What’s important now is resolving the issue at hand.”

The Japanese Prime Minister was also eyeing the Governor of the Bank of Japan.

But soon he took his gaze away.

“No matter how it started, isn’t it ultimately a problem that boils down to the need to increase audits and supervision by financial authorities? Improving the financial system is urgent.”

“But isn’t what the Prime Minister wants to do not to strengthen financial supervision, but to ease regulations on the establishment of financial holding companies?”

“After all, isn’t this all for the sake of Japan’s future financial market?”

The Japanese prime minister and the leader of the Liberal Democratic Party glared at each other.

“What’s wrong with giving strength to Japanese finance, which dominates the global financial market?”

“Let’s do it according to procedure. You can formally propose this agenda to the National Assembly.”

“Is it really this difficult?”

“As the leader of the Liberal Democratic Party, I have clearly expressed my opposition.”

It was no different from a threat to mobilize his subordinate lawmakers to sabotage the legislative process.

“Why are you so sensitive? Do you seem to have a lot of worries?”

“… … .”

The Liberal Democratic Party leader flinched for a moment.

The Japanese Prime Minister did not miss that opportunity.

“You and your family will also not be free from the Northcop Gate.”

“I can’t even believe that Jeong Dong-jin’s successor can close the North Corps Gate.”

The leader of the Liberal Democratic Party gritted his teeth.

“I also don’t feel the need to talk to someone I can crush with force.”

The Liberal Democratic Party leader said coldly.

“I will hold a press conference.”

“Press conference? Are you going to make a bigger deal out of this?”

“The people have the right to know.”

bang!

The Japanese Prime Minister became angry and slammed the wooden table.

“I came all the way to Korea to create this place in order to quietly prevent Japan’s national bankruptcy. Why are you trying to ruin the whole thing?”

“Jeong Dong-jin’s successor? What’s so great about that guy threatening you?”

The leader of the Liberal Democratic Party was in a quandary.

“Our Japan is the world’s second-largest financial country. Our financial market is not so weak that it can be manipulated by a single private moneylender from a developing country.”

The leader of the Liberal Democratic Party swore at us.

“Compromise is made with a strong opponent or an equal opponent. Japan and a mere loan shark!”

The scolding was accompanied by laughter.

“Why would we have to bow down to a weaker country with a clear difference in power? Japan has to save face!”

The leader of the Liberal Democratic Party jumped up from his seat.

“Prime Minister, I hope you will not commit the treasonous act of selling out Japan.”

“Sit down! I’m not done talking yet!”

“I don’t think I have anything more to say or hear?”

widely.

The head of the Public Security Investigation Agency of Japan, who had risen up without anyone noticing, subdued the leader of the Liberal Democratic Party.

It was a split second.

The head of the Public Security Investigation Agency of Japan searched his bosom.

“There was another plot.”

A silver recorder appeared.

The head of the Public Security Investigation Agency of Japan, who checked the conversation by pressing the rewind button, immediately threw the recorder against the wall.

“Are you saying you were going to put this out in front of the press?”

Kwajik!

As if that wasn’t enough, he took out the tape and cut it in two.

I also didn’t forget to unroll the cassette tape and light it with a Zippo lighter.

“Or were you thinking of sending it to America to bargain? To ask them to spare you from the Northcorp Gate?”

Kkudang tang tang!

The leader of the Liberal Democratic Party was knocked out by the head of the Public Security Investigation Agency of Japan.

A few kicks and screams rang out.

The leader of the Liberal Democratic Party shouted loudly.

“As a member of the Japanese Diet, I have immunity from prosecution, and I have immunity from arrest… … Keuk!”

“What do you know? If you don’t want to be found dead in Korea, keep your mouth shut.”

“… … !”

The leader of the Liberal Democratic Party turned pale and shut his mouth.

The head of the Public Security Investigation Agency of Japan continued to kick with his hands still in his pockets.

The Japanese Prime Minister laughed bitterly.

“This is an embarrassment to Japan.”

The Japanese prime minister dusted off his suit.

“Well, now that there seems to be no one against the establishment of a financial holding company, how about we be frank about it?”

“What?”

“How to stop the Northcop Gate.”

There was a hidden smile full of ulterior motives.

“There are many people involved in the Northcorp Gate. It would be difficult to insist that we only believe what I say when dealing with such an important matter that is crucial to the running of Japan’s government.”

In the end, he said he couldn’t believe it.

“I need to reveal everything, including credible evidence, a surefire way to stop it, and a plan to get out without any trouble.”

The Japanese Prime Minister’s voice became even lower.

“If it had been proven through results, I wouldn’t have said such things. But in a situation where there is nothing, there is no trust between us to talk about faith in words.”

The Japanese Prime Minister craned his neck a bit further and gave us a thorough, blatant look.

“What should I trust and promise to look after your convenience?”

“It’s the same here.”

I tilted my head to the side.

“What do you believe about us that makes you want to reveal all our details?”

“I am the Prime Minister of Japan. Do not make light of the weight of the words of the Commander-in-Chief.”

“I told you I don’t trust what people say.”

I smiled broadly.

“The words of Japan’s supreme leader are no exception.”

“I have already shown it with my actions.”

The Japanese prime minister pointed to the leader of the Liberal Democratic Party, who was curled up in a corner, unable to get up, and to a broken silver tape recorder lying around.

‘But in the end, you just wiped your mouth without mentioning the promise to strip him of his party leadership position and revise the financial holding company legislation?’

It’s a rigged game of Go-Stop where you can get an estimate at a glance.

“This is exactly my intention regarding the establishment of a financial holding company requested by the Jeong family.”

The Japanese Prime Minister looked at the crowd with cold eyes.

“Once I have made up my mind, no one will be able to break it, and nothing will be able to block it.”

“Is that also a promise you make as the supreme leader of Japan?”

“her!”

The Japanese Prime Minister let out a low laugh.

“I think I’ve shown my true feelings enough.”

“Sincerity must be proven with documents. Money and documents are more certain than words or actions.”

I uploaded the documents I had prepared.

It was a document that I had created by typing hard.

“What is this?”

“This is a concrete plan to promote the establishment of a financial holding company for the Jeong family.”

“what?”

“There are many people in the Jeong family. It would be difficult to insist that they only believe what I say when it comes to such an important matter that could determine the life or death of the family.”

“her?”

“As the Prime Minister said, I will reveal everything, including credible evidence, a surefire way to block it, and a follow-up plan to get out without any trouble.”

These were all words spoken by the Japanese Prime Minister.

“If the Prime Minister had changed the law and proven it with results, I wouldn’t have said such things.”

My voice also became lower.

“There is no trust between us, so we can’t talk about faith in words when there is nothing.”

“her!”

“So I prepared it.”

I slid the papers towards the Japanese Prime Minister.

“Once the Prime Minister has made up his mind, no one will be able to break his will, and if he is so determined to keep his promise that nothing can stop him.”

Knock knock.

I ran my fingertips over the papers.

“Please sign and stamp here to prove your sincerity.”

“under?”

The Japanese Prime Minister raised one eyebrow as he read the document I had handed him.

“Instead of blocking the Northcorp Gate and postponing the recovery of JH Investment’s short-term debt, we will establish a financial holding company as a Japanese company?”

“That’s something I already asked for earlier.”

But the Japanese Prime Minister’s reaction was very different from before.

“This is difficult to hear.”

It was a cut-and-dried rejection.

“why?”

“If these provisions are followed, does this mean that we should hand over one Japanese bank, insurance company, securities company, and asset management company each?”

“It’s not like I’m going to swallow it with my bare mouth, right?”

When did I ever ask you to give up your business?

I asked for your unconditional consent to exercise your stake.

“JH Investment is simply requesting that we delegate the equity rights of the relevant banks, insurance companies, securities firms, and asset management companies in exchange for converting short-term debt bonds into long-term ones.”

“JH Investment is telling us not to intervene in the matter of replacing the management of the financial group and manipulating it to our liking!”

“Isn’t that what the Prime Minister had already suggested?”

“When did I!”

“Don’t you remember?”

I tilted my head to the other side.

“They said the Japanese government promised not to interfere with the Jeong family’s businesses for the next 10 years.”

“what?”

Why do you look so flustered?

Did I say that?

You suggested it first!

“Didn’t you agree to establish a financial holding company under the Jeong family’s name as a Japanese company, not a Korean company?”

“S, no way… … !”

The Japanese Prime Minister gaped.

The same goes for the Prime Minister’s Secretary, the Governor of the Bank of Japan, and the Chairman of the Japan Economic Federation.

“Is that what this means?”

“Do not intervene in the Japanese banks, Japanese securities companies, Japanese insurance companies, and Japanese asset management companies that are being taken over by JH Investment…!”

“Quiet!”

The Japanese Prime Minister’s closest aides’ mouths were shut by his pressure.

But the dissatisfaction that he couldn’t express out loud was clearly revealed on his facial expression.

The Japanese Prime Minister paid no attention to their silent protests.

It was because I focused all my attention on the documents.

“And you’re saying that the Japanese government shouldn’t intervene in agreements regarding technology exchange and provision by Japanese companies?”

“As you know, the Jeong family is a major shareholder of a Japanese company, right?”

I shrugged.

“This is also one of the Jeong family’s businesses. The Japanese government promised not to get involved.”

“shit!”

The Japanese prime minister nervously ran his fingers through his hair.

“It was written very clearly that they would transfer semiconductor technology, automobile engine technology, and electrical and electronic product production technology.”

In the 1980s, Japanese companies swept the semiconductor, automobile, and electrical and electronic product markets.

“It has to be at least that much, so it can be considered a good deal for the Jeong family. Don’t you think so?”