The Magician’s Memorial - Chapter 164



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Episode 164 festival (3)

Whistleblowing.

The most embarrassing situation for any organization was internal reporting.

Especially in the vertical civil servant society, whistle-blowing was tantamount to betrayal.

Therefore, several government ministries that are tightly organized into cartels have thoroughly carried out internal crackdowns.

In the case of the Financial Supervisory Service, since it was a ministry that moved the economy, it paid particular attention to internal crackdowns.

But despite those efforts.

Team leader Lee Il-seok of the Banking Supervision Department, who can be considered a high-ranking member of the Financial Supervisory Service, held a press conference.

[My fellow citizens. My name is Lee Il-seok and I am a team leader at the Financial Supervisory Service. I am here to fulfill my responsibilities as a member of the Financial Supervisory Service. In the process of acquiring Korea Exchange Bank, they are trying to intentionally lower the BIS ratio and hand it over to foreign capital at a low price. We will transparently disclose internal information to prove this. Please protect the people’s tax money through a fair investigation.]

The press conference continued.

Team leader Lee Il-seok disclosed internal information, including the transcript.

It ended with a request for everyone to make efforts to build a transparent financial market.

“You prepared the press conference very well.”

“This is a press conference statement put together by experts who have been putting their heads together for several days. Now that this has happened, the government will not be able to remain silent. “Even if we can’t, why don’t we investigate Korea Exchange Bank’s BIS ratio in detail?”

Just conducting the BIS ratio investigation was tantamount to disqualifying Longstar from bidding.

But it was unclear whether things would go according to our plan.

Depending on how far Longstar lobbied, there was a possibility that this case would end in vain.

“But it’s a bit of a waste. “One of our precious people was expelled from the Financial Supervisory Service in order to target private equity funds like Longstar.”

“We ended up talking about working together under me. “It may be better in some ways because you can get a salary that is more than three times what you are getting now.”

“You can send it to SAVE Investment Company. “He is someone who has worked hard to build a transparent financial market in Korea, and I am willing to give him five times his annual salary instead of three.”

“It’s not possible. I too will die from lack of people. “I’m not going to end up as the president of Korea Exchange Bank.”

It’s a pity, but I have to give up team leader Lee Il-seok to Dimon.

Well, even if I go under Dimon, he is still mine.

“Anyway, wouldn’t a press conference alone be a bit insufficient?”

“I prepared to be a slugger for my next at-bat as well. “He is a hitter who can hit at least a triple just by brushing against him.”

“I wonder what it is.”

“This is material that could result in the loss of Longstar’s qualifications.”

Dimon took out several materials.

It was tabular data that was easy for me to read, and it was about Longstar’s asset size.

“Hey! I didn’t know Longstar liked golf so much. “I don’t know why a private equity fund owns over 130 golf courses.”

“They are all golf courses located in Japan, and are worth close to 4 trillion won.”

“So what’s the problem?”

“Under the Banking Act, if you have non-financial assets exceeding 2 trillion won, you will be classified as industrial capital and will lose your status as a major shareholder. So, the data shows that Longstar is not qualified to take over Korea Exchange Bank.”

It was very good material.

How did they find out about the assets in Japan?

No matter how outstanding Captain Kang’s abilities were, he could only demonstrate his abilities within the Republic of Korea.

“Did you really get help from American politicians?”

“I had help from David. “The data is not difficult to obtain, and no separate lobbying funds were used.”

“It seems that Longstar viewed Korea very easily. “We are proceeding with our work without even thinking about hiding this information.”

“We plan to release this information to the media tomorrow. If that happens, won’t Team Leader Lee Il-seop’s press conference also receive more attention?”

As expected, it was Dimon.

A very meticulous and perfect trap was set up.

“Will Dimon himself appear as the next batter?”

“We have created a new corporation for today. “I invested all my money and received some investment from a borrowed-name company created by SAVE Investment Company.”

“Well done. If your connection with SAVE Investment Company is revealed, you will be in a bit of trouble. “It doesn’t really matter if something happens.”

“We will handle it neatly so that nothing goes wrong.”

There was nothing else for me to worry about.

Even if our line prosecutors were slightly moved, the flames of this case could spread to the point where it could turn into a major incident.

***

A few days later.

The Financial Supervisory Service internal complaint and the Long Star qualification issue arose simultaneously.

All media outlets created an atmosphere that the sale of Korea Exchange Bank should start from scratch.

“CEO, the president of Korea Exchange Bank was arrested today. “I was contacted by the prosecution saying they would conduct a detention investigation as there was a high possibility of evidence being destroyed.”

“Now that the bank president has been arrested, there must have been an uproar on Longstar’s side as well.”

“With everything from the Board of Audit and Inspection to the Financial Supervisory Service intruding, a large number of public officials who worked with Longstar will be wiped out.”

“They must have lobbied all the way to the Financial Supervisory Service, but they probably didn’t know that the Board of Audit and Inspection would make a move.”

The Board of Audit and Inspection was a government department granted independence.

Of course, although independence was guaranteed by law, it was a structure that could not help but be swayed by the influence of the political world.

However, in this case, public attention was focused.

The Board of Audit and Inspection was able to move as it wished because it was performing the last sword dance at the level of the regime, which was struggling in a lame duck situation.

“I didn’t expect the Blue House to be so cooperative. “Has the CEO made a move?”

“It’s not like that. “From the Blue House’s perspective, they took action quickly because they wanted to resolve the Korea Exchange Bank issue as soon as possible.”

“If you want to expedite the sale process of Korea Exchange Bank, wouldn’t it be better to just bury it?”

“If there had been no whistleblowing, we would have done so, but since the media is making such a fuss, you probably want to quickly overturn it and make a new plan.”

The Blue House wanted to prevent two economic crises at all costs.

Moreover, since there was not much time left in his term, it was obvious that he would want to leave behind one last achievement.

“It appears that Longstar is preparing for legal action. “They are showing their will to take over Korea Exchange Bank even if it means filing a lawsuit.”

“It’s a waste of the lobbying funds we’ve spent so far, so things won’t go on like this. But things will change when a competitor comes along.”

“Even if the Financial Supervisory Service is reorganized, if there is no place to sell Korea Exchange Bank, Longstar may be eligible to take over. “But if a new competitor appears, won’t there be a need for the Financial Supervisory Service to take unreasonable measures?”

If all the paid employees are replaced.

Of course, the remaining employees wouldn’t want to be covered in shit.

Even if we just made a decision based on laws and rules, it was an advantageous situation for us.

“When do you plan to announce your intention to take over?”

“We plan to make an announcement when the Board of Audit and Inspection completes its audit. “Wouldn’t that allow the Financial Supervisory Service to act properly?”

“I will try my best to get our people involved in the Financial Supervisory Service, so please work a little harder.”

“What’s the point of suffering? “Just thinking about fucking Longstar makes every day so much fun.”

Dimon smiled, showing all his white teeth.

It was his smile that he loved like a child, but from Longstar’s perspective, it would feel like the smile of the devil.

***

Ten days have already passed in January.

And I belatedly realized that there was one more festival from 2002.

“Vice President, the CES event has begun.”

The planning manager turned on the TV.

A live broadcast of the CES event was in progress.

The world has become so much better. Is it possible to see CES without going to the United States in person?

“When is Apple’s turn to announce?”

“It’s the last time. “Isn’t the main character always the one who appears last?”

Just by watching the TV, I could feel how hot the atmosphere at the event was.

Especially before Steve appeared, I couldn’t hear anything, as if I had forgotten to even breathe.

Pot! Pin lights illuminated the podium.

And then Steve appears, wearing a black turtleneck.

[Wow!]

Was he holding his breath for this moment?

The audience cheered like screams.

That too for a while. When Steve raised his hand, the crowd fell silent as if it had been practiced.

[Today, I am here to introduce Apple’s innovative new product to the world. Are you disappointed that it’s not an iPhone? You don’t have to be disappointed in advance. The next iPhone version is also available.]

[Wow!]

Even the mere mention of the iPhone elicited a heated reaction.

The popularity of the iPhone was skyrocketing.

But today’s star wasn’t the iPhone.

[Before explaining the new product, it is necessary to look back at Apple’s history. Apple released the PowerBook in 1991. It is the first modern laptop created. And they produce some of the best laptops to date. The iPhone was born based on that technology.]

The PowerBook and iPhone came to mind simultaneously on the large screen.

And Steve continued talking, pointing between them.

[But doesn’t it feel too disconnected? Laptop and iPhone. Shouldn’t there be something in between? I thought a lot about this question. A product that fills the void while faithfully using the functions of an iPhone and a laptop. This required very difficult technical skills.]

After taking a moment to catch his breath, Steve displayed the functions available on his laptop and iPhone on the large screen.

[E-mail, photo sharing, watching videos, listening to music, and even playing games. All of these features can be used smoothly. A product that is much more portable than a laptop. Am I talking too dreamy? I will personally show you that it is not a dream.]

Steve took out a yellow briefcase.

People burst out laughing, probably thinking Steve was joking.

But when I took out the iPad from inside, the laughter turned into cheers.

Are you using this now?

Before the regression, the envelope performance was used to release the MacBook Air.

However, due to my intervention, the iPad was developed before the MacBook Air, and the order of performance became entangled.

Well, as long as the results are good, that’s enough.

If you look at the results alone, it couldn’t have been better.

When Steve demonstrated the iPad himself, the audience cheered and applauded.

[Someone is already very hoarse. Please save your neck for the next version of iPhone.]

Next, the iPhone S was released.

Originally, it should have been named iPhone 2, but S was added instead of 2 due to lack of innovation.

[iPhone S unveiled! Although it looks similar to the previous version, the functionality is completely different. In particular, video calls between iPhone S devices are possible for free.]

Who doesn’t like free stuff?

In addition, there was an explosive response because video calls can be made for free with just an iPhone S without the need to purchase separate equipment.

It didn’t end there.

Navigation function and card function.

It was a feature that was enough to garner the public’s attention, and it was enough for Apple to take the lead at this year’s CES.

And there was one last product left.

Previous products alone were enough to generate huge royalties, but this product was a product from which Taewo Group could directly benefit.