[039]A lot of luck too? 1.
What can be seen as an extremely urgent situation is that Chairman Jin ran directly to the head office and called a meeting.
Presidents and executives of Sunyang Electronics Sunyang Products, including Lee Hak-jae. And I was waiting in the conference room on the first flight to the branch office in Osaka, Japan.
When the door of the conference room burst open and President Jin appeared, everyone jumped up, but President Jin waved his hand.
“Just sit down. Do you have the mind to be polite?”
As President Jin slumped down in the seat of honor, the head of the Osaka branch opened his mouth.
“There was a big fire. The Ehime (愛媛?) factory resin plant exploded… production is impossible.”
“The fieldwork team departed on the first flight today. The Ministry of Commerce and Industry is also leaving tomorrow.”
The report of the president of Sunyang Electronics followed.
“We currently have four months of inventory. If production does not resume in four months, our production line will also…”
“Ehime plant will not be able to operate normally until next year.”
The Osaka branch manager looked at Chairman Jin’s complexion and said.
“Sumitomo announced that it would urgently switch production items from its other two factories. Perhaps the supply and demand problem will be resolved.”
“maybe? same?”
A vein protruded from Jin’s forehead.
“Is the guy right next to Sumitomo guessing? What are you doing!”
The Osaka branch manager hurriedly lowered his head.
Right now it’s all speculation. I don’t have the confidence to shoulder the responsibility when I say things with confidence and then go wrong.
This year’s sales target of 10 trillion won, operating profit of 1.5 trillion won, the world’s No. 1 memory semiconductor.
The only person who can be responsible for this terrifying number is Chairman Jin.
“Factories should never be built! hey! Son Hoon-jae!”
“Yes, Chairman.”
“Get the American ones.”
Son Hoon-jae, president of Sunyang Corporation, had to come up with difficult words while breaking out in a cold sweat.
“Dow Chemical in the US has already signed an exclusive contract with Intel. It is impossible to secure the quantity.”
“I heard that domestic companies also produce epoxy packaging. Wouldn’t it be possible to prevent the production line from stopping if we secure all the supplies?”
Director Lee Hak-jae asked the president of Soonyang Electronics, but only a negative answer came back.
“Domestic products can only be used under 1 megabyte. The quality cannot keep up with the flagship 4 megabyte.”
Everyone kept repeating that it was difficult, but Chairman Jin did not burst into anger. I know very well that epoxy resin is Sumitomo’s monopoly market, so I couldn’t come up with an answer even if I tried to brush it.
Sumitomo is one of Japan’s three major conglomerates along with Mitsubishi Mitsui, which survived the dissolution of the chaebol. External recognition is the lowest, but there are many companies that are not even thought of.
Its main focus is chemicals, and it is also entering the financial industry, such as electricity trading and insurance. It is also huge enough to have Asahi Group, famous for newspapers and beer, as a quasi-affiliate.
Although Japan is beginning to shake due to the collapse of the bubble economy, the Japanese economy in the 1990s is incomparable to that of Korea.
Korea’s total sales of aviation, shipbuilding, electric vehicles, and electric vehicles are only the sales of Japan’s Mitsubishi.
Epoxy resin is a molding material that surrounds chips during semiconductor assembly, and it is a material that accounts for less than 1% of the total raw material price of semiconductors. But the problem is that it is an indispensable ingredient.
Sumitomo’s share in the global epoxy market is around 1%, but high-quality epoxy resins used in semiconductors account for 60% of the world’s supply.
In addition, 95% of domestic semiconductor production plants depend on Sumitomo Chemical.
The Korean semiconductor industry worth trillions of won is caught in the footsteps of Sumitomo, which is only about 20 billion in terms of total volume.
“In the end, Sumitomo must quickly change the production line for us to survive. All we have to do is put our hands together and empty it…”
It was more of a fuss than a fire at a hotteok restaurant, but Chairman Jin and other key figures in Sunyang could do nothing other than wait for Sumitomo to announce a countermeasure.
* * *
As soon as I saw the newspaper article, memories I had completely forgotten came to my mind.
After joining Sunyang Group, the contents of education when receiving training were the development history of Soonyang Electronics.
The mobile phone that I am holding right now, model number SY-700.
It is Soonyang Electronics’ second mobile phone and the first portable phone with a weight of 100g. The explosion accident of Sumitomo Chemical that was briefly mentioned when explaining that this mobile phone was released in 1993.
It may not be a big deal, but it kept bothering me.
Because of the word monopoly.
If anything, is the government concerned that “the vulnerability of Korea’s semiconductor industry, which has an excessively high dependence on overseas semiconductor equipment and major materials, has been exposed”?
Monopoly is the most tempting word for entrepreneurs.
In addition, it is a monopoly with the power to shake the semiconductor, the rice of the electronics industry. If I could hold this exclusive power in my hands, it would exert great power in the direction of Sunyang Electronics in the future…. The
target is too big.
Isn’t it the huge Sumitomo group that is hard to compare with Sunyang?
I have some money, but there is no way I can do anything with it. However, the reason is unknown, but the lingering feelings did not go away.
For almost a month, while watching newspaper articles and broadcasts to see how things were going, an incident that is incomparable to an explosion at an epoxy factory occurred.
This time, not far away from a foreign country, but right in Korea, and a big explosion occurred at the Blue House.
August 12 at 7pm.
All TV broadcasts stopped their regular broadcasts and began broadcasting the President’s emergency statement announcement live.
『At this moment, I am solemnly announcing the 「Presidential Emergency Financial and Economic Order on Real Name Financial Transactions and Guarantee of Secrecy」 pursuant to the provisions of Article 76, Paragraph 1 of the Constitution
. There was a sense of firmness.
As soon as he was inaugurated, he purged the military power called ‘Hanahoe’, and in June, he threw a bomb called disclosure of public officials’ assets, causing high-ranking officials who accumulated wealth through illegal means to resign themselves.
Now, he declares that he will pull out even the black money hidden under a borrowed name.
Damn, was the real-name financial system announced this year?
I knew it was an achievement during the Kim Young-sam administration, but I couldn’t remember that it was this year.
If I had remembered, I would have received more love by insinuating it to Chairman Jin… It’s a pity.
I began to worry that my grandfather had not collapsed from the shock.
* * *
Lee Hak-jae, who was listening to the president’s speech in the car, shouted at the driver.
“Quickly drive back to the chairman’s house, come on!”
As the driver, who did not hesitate to make an illegal U-turn, accelerated, Lee Hak-jae took out a notebook in his pocket.
Full name and amount. All are borrowed-name accounts.
Perhaps this notebook is of no use to anyone.
There was a real-name financial system as part of the presidential campaign pledge, but it was only half a year after taking office, and I never imagined that it would be implemented in this way.
There was a time when Chairman Jin directly asked the Deputy Prime Minister for Economy at dinner.
“Your Excellency’s will is clear. Obviously, the real-name financial system is implemented. But not this year. Isn’t it difficult for the government to handle when banks and stock markets fluctuate? This year will pass just by preparing thoroughly.”
It was a reasonable answer, so I was in no hurry. However, in order to prepare in advance, they were only siphoning off little by little overseas.
I can’t stop sighing when I think of President Jin’s unholy orders.
As soon as I opened the study room door, Chairman Jin’s shouts resonated.
“Prime Minister Hwang. Hit me in the back like this? Who do you think owes you sitting in that seat!”
Chairman Jin, who discovered Hak-jae Lee, waved his hand, pointed to a chair, and put the receiver down roughly.
“Take all of these bastards for not knowing. useless bastards.”
“Have you talked to the chief economic officer?”
“In a few hours ago. I resigned and left the Blue House.”
“yes?”
“I heard you knew it after watching the broadcast. Huh, I’m so excited.”
The president is pushing ahead with economic policies without the knowledge of the senior secretary for economic affairs.
At this point, it is not a lie to say that the Prime Minister did not know.
Chairman Jin put on his glasses and looked at Lee Hak-jae and asked.
“How much is it? entire?”
“600 billion won, excluding pennies.”
“Is that all there is to it?”
“no. A lot of money has already been moved overseas.”
Seeing the light of relief on Chairman Jin’s face, Lee Hak-jae continued to report.
“300 billion people are trustworthy, so you can rest assured…”
“Look for me tomorrow. Over time, they change their minds. It’s money that three generations can live with. I can’t even find it myself There is no one to trust in front of money.”
“yes. Then I’ll withdraw all the cash and put it in storage. And I wash it as soon as possible and send it abroad.”
Once I got half of it.
“200 billion is an anonymous account with a borrowed name, but an anonymous person doesn’t even exist…”
“A borrowed name?”
“There are those who have died and those who are missing. Also, it is quite significant that it was made with the names of Sunyang employees.”
“Can’t you find something with the names of the employees?”
“it’s possible.”
Sunyang employees are no problem. If you take all of your ID and throw it to the bank, it will automatically prepare cash for you.
If there is an employee who notices it, call it directly and threaten it. Under the authority of being the president’s chief of staff, you won’t even be able to squeak.
“And I am very glad that I left the 100 billion won to Oh Se-hyeon.”
“Oh Se-hyun? Oh, the guy who says Dojun manages money?”
“yes. I’ll meet you tomorrow and get you a dollar.”
It was said that it was possible to collect it, so Chairman Jin felt lighter.
“Then how hard will it be to find?”
“As I said, these are accounts where the depositor does not exist at all. Even if we can’t do it, it will be 560 billion.”
It’s money that will sleep in the bank vault forever.
“I will meet with the presidents of the bank and devise countermeasures.”
Lee Hak-jae spoke cautiously, but Chairman Jin shook his head.
“no. There’s no need to gossip about it. The other group presidents will definitely go first. Let’s watch some more.”
Chairman Jin sensed an unusual atmosphere. Maybe you should give up that money.
* * *
The next day, the stock market crashed and the banks were in chaos as people came to collect their deposits. Cash was scarce and gold prices skyrocketed.
Lee Hak-jae was able to catch his breath only after mobilizing secretarial staff to secure cash by visiting commercial banks before business hours.
And I ran to Yeouido and met Oh Se-hyun. Oh Se-hyeon was also distracted by the stock market crash.
“Everyone is at war.”
“We are better off. I’m checking to see if there’s any good loot.”
Oh Se-hyun, who greeted him with a smile, already knew why Lee Hak-jae appeared.
“We are suffering a lot. Since we’re both busy, we’re just talking about business. I want you to find the money you buried in America.”
“I see. Since the investment performance is good, you will make up for some of the damage you suffered.”
Oh Se-hyeon banged on his computer and printed out the contents so that he could see the investment status at a glance.
“I will deal with it within today. I’ll shoot you with a linked account. Were there over 40? A deposit account?”
“Oh, I can’t use that account. Please send it this way.”
Oh Se-hyeon frowned at the dozen or so accounts Lee Hak-jae presented.
“Chief Lee.”
“yes.”
“Don’t you know the real-name financial system?”
“Isn’t that why you’re doing this? You don’t know what kind of money 100 billion is, right?”
“I know, but there are 40 investors. We cannot avoid the real-name financial system. This money must be returned to those people. You cannot give money to the wrong person.”
“So I didn’t come with an American account? Let’s handle that money in America.”
Oh Se-hyun opened her eyes wide and even cleared her throat.
“I am going to jail. If you get caught under federal law, you can’t get out of prison for 100 years.”
Lee Hak-jae’s head stood on end.
The 40 accounts are anonymous. The depositor does not exist at all.
Sehyun Oh quickly shook her head.
It seemed that 100 billion won without an owner would sleep forever in Miracle.
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