The Chaebols Are Back #Chapter 32: C32 - Read The Chaebols Are Back Chapter 32: C32 Online - All Page

Chapter 32: C32

The Blue House Presidential Office.

"You said you would provide 500 million barrels at $2 per barrel this year, hahaha!"

This has already been reported, but the President was so delighted with it that he was masticating it like a cow.

Besides, when Lee Seong-su reported to the president through overseas telephone call, the overseas price of oil was $2.

But now that the price has been altered to $3, it is more advisable to simply sell the crude oil provided from Iran to Japan or Taiwan and gain $1 in profit.

"Yes, Seongsu is really great."

Special Envoy Lee Jae-gyu, who initially had a negative impression of Lee Seong-su, now had no other choice but to think of him positively.

No, it is because you managed the Holy Water well that you obtained this result."

"Thank you, Your Majesty."

"Commander of the 3rd Corps."

"Yes, Your Majesty."

"Now remove your uniform and come here and assist me."

Lee Jae-gyu's heart pounded upon hearing the words of the president.

[Summon the 3rd Corps Commander to the Blue House?] [Your Majesty has complete trust in me, but other than the Chief of Staff, there are no higher officials who recognize me.] [You are young yet.] [Yes, I am aware. But Your Majesty, don't you have additional work to accomplish? Korea has just passed through the barley pass.] [I understand what you are saying. Place someone next to you who will provide you with strength.] [Thank you, Your Majesty.]

This was the president who again accepted Lee Seong-su's offer.

"Me?"

"First, as the head of Blue House security, please accompany me and assist me."

"Yes, I see."

Lee Jae-gyu, who replied to the president, couldn't help but think of Lee Seong-su in Australia.

[The rolling stone and the special envoy will be able to dislodge the boulder lodged in the earth.] [Will that succeed?] [I shall do it. And once I complete my military service, I shall exit the Blue House and become a businessman.] [Will you be my strength then?] [I would be forever grateful if you would do so.]

'Yeah, I'll do it, hahaha!'

* * *

January 25, 1972, Suite at the Hotel in Sydney, Australia.

Contrary to what the Chief of Staff to the President had told me, Chairman Kim Byung-chul came to the special room of the hotel in Sydney, Australia, where I was staying.

'That's amazing.'

You must have come here because you have something to wish for.

'and.'

This is proof that there are individuals within the Blue House who act as the eyes and ears of Korea's conglomerate heads.

'Chief Secretary?'

Or who else?

In any case, through this incident, we were able to prove once again that Eunseong Group is the group with the most political collusion in South Korea.

Naturally, the title of the best political-business collusive group in the future will be acquired by the new groups I shall form.

'Instead of an enormous group unimaginable.'

My target is to become the biggest shareholder and form some groups run by professional managers. And my ultimate target is to have the best investment and finance group in the world and, through the successful development of Block 7, to have Asia's biggest energy group.

'of course!'

Asia's biggest energy conglomerate will be a private entity that resembles a state-owned company, with the South Korean government holding a certain percentage.

"Is it really that surprising that I came here?"

The color marking of Chairman Kim Byung-chul, which can be seen on the flat surface looking translucent, is dark blue.

'It's not dark blue.'

Darkness is a negative image.

That is, Chairman Kim Byeong-cheol visited here in person to utilize me.

In fact, if that weren't true, there would be no reason for you to travel all the way to Australia to look for me.

Of course, I believe that this is also proof that my ranking has improved.

"Isn't that surprising?"

The color used to represent Chairman Kim Byeong-cheol is a deeper blue than the deep blue of Australia.

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I appeared here in person since I thought that I must let Seongsu-gun know the work ordered by His Majesty."

Chairman Kim Byeong-cheol gave power to what he had stated that he came in person.

"You can let me know by phoning internationally······."

I suspect that he had come here as he needed to inquire from me regarding the $500 million loan he was set to obtain from the US on February 5th.

$500 million will be funds in the public domain that will be invested in conglomerates.

'You can make a small and medium-sized firm, but.'

The president's intention would be to gain the maximum impact by extending dollar assistance in the shape of preferential treatment to big companies instead of mid-sized firms, for it is more useful to invest in conglomerates, and to help the Korean economy grow.

'What about Pohang Iron and Steel Company?'

The capacity of the steel mill could also be enlarged.

I am not sure up to what date, but if I recall, it was the year 1973 that Pohang Iron and Steel Company commenced producing molten iron in its blast furnace.

It became the first steel firm in the world to achieve profitability in its very first year of operation.

What if the president increases the scale of the steel mill even further?

The company's first year of seasonal production record of making a profit can evaporate.

'Nevertheless, there will be further investment in the steel sector.'

And there is a strong likelihood that it will be spent on the shipbuilding industry too.

And it will also be utilized for the Gangnam development project.

[The government should set up a land development corporation?] [Yes, that's right. That way, farmers with land in Gangnam won't lose it to speculators. If farmers are taken in by speculators' deception or intimidation and sell their land, and then it is revealed that Gangnam development will be resumed, those farmers will have no choice but to blaspheme against Your Excellency.] [I understand. But you own land, too, right?] [Yes, Your Excellency.] [You're saying you're going to sell it to me for a high price. Hahaha!]

That's correct.

'That was the idea at the time.'

So what are you going to do now?

no.

'Even if the government creates a land development corporation, it won't buy up all of the land in Gangnam.'

We will buy in bulk lands which the land development company won't buy.

'I'm going to pre-purchase land in Pangyo, Ilsan, and Bundang.'

Now that it is possible.

I will most likely become South Korea's biggest land owner within a year.

"Seongsu-gun."

As I daydreamed for a second, Chairman Kim Byeong-cheol called me.

"Yes, sir."

"You too are a principal shareholder of Eunseong Electronics."

right.

I put 2 million dollars into Chairman Kim Byeong-cheol and extorted 5% equity in Eunsung Electronics.

'Why not spend some of that $500 million to cultivate the electronics sector?'

It serves the Republic of Korea's future well.

It will be simple for me as a private entrepreneur to advocate for the establishment of an oil refinery and chemical complex in Yeosu.

'The Korean government.'

The acquisition of shares in Eunseong Electronics would also be well received.

"Are you instructing me to persuade Your Majesty to allocate some of the $500 million loan from the United States into Eunsung Electronics?"

I am Chairman Kim Byeong-cheol, cracking a smile as I take an educated guess as to his motive.

"That's right."

"Then what's the payoff?"

There is no need to let it go for free.

You have to seize the opportunity when you get a chance.

"Is there something you want?"

"His Majesty ordered the Chairman to negotiate the tanker freight contract, and I believe that the Chairman had fulfilled his mandate."

Even if a clandestine agreement is made with Iran's prime minister, Iranian oil will have to use tankers in order to be transported to Asia.