In early September, the Korea Communications Commission approved the application of New Asia Media Properties Group to operate a wireless television station.

South Korea's opposition Grand National Party and Lee Guangxue originally wanted to block the wireless TV station's application. However, the ruling party and Song Woo-seok were very strong, and the number of congressmen who supported Song Woo-seok was more than half, so the congressional proposal was finally passed smoothly.

Zhou Mengkui, president of New Asia Media Real Estate Group, came forward to introduce the specific situation of this wireless TV station to the media.

The new wireless TV station is called Asia Broadcasting System, abbreviated as ABS. ABS is the second private wireless TV station in South Korea after SBS. ABS's coverage includes Seoul, Incheon, Gyeonggi Province, Gangwon Province, North Chungcheong Province, South Chungcheong Province, North Jeolla Province, South Jeolla Province and Gwangju City.

In South Korea, except for the conservative stronghold of Yeongnam, ABS's viewing range can almost cover the entire country, almost covering South Korea's 40 million population.

ABS was founded on September 11, 2003, and is expected to officially start broadcasting on September 29, 2004. ABS TV station is headquartered in Bucheon City, Gyeonggi Province.

ABS TV has established the ABS TV Preparatory Committee, with Song Yi as the chairman of the Preparatory Committee, and Zhou Mengkui, president of New Asia Media Real Estate Group, and Li Bingkui, executive director of New Asia Media Real Estate Group, as deputy directors.

ABS TV station launched a prize-winning solicitation activity at inschool, soliciting a popular, easy-to-understand and memorable slogan for ABS TV station.

The prize money for this award-winning collection activity is 100 million won, and the activity has also attracted enthusiastic participation from Korean netizens.

Whether it is Japanese or Korean netizens, they always pay attention to the activities of Xinya. Because unlike other Internet companies, Xinya is really willing to spend money and never does gimmicks.

For example, the online game "Farmville" was very popular in Japan last year. One year after the game was launched, "Farmville" also officially announced that the Japanese netizen Naomi Yoshii, who ranked first in the Japanese region, won a bonus of 20 million yen.

Naomi Yoshii is a senior student in Hokkaido, Japan. She comes from a culinary family. Her grandfather is a master of Japanese cuisine and opened the popular Chinese restaurant Yoshiiya.

After consulting Naomi Yoshii, Naomi Yoshii decided to inherit the family business and open a Happy Farm joint restaurant in Hokkaido. The restaurant has many plush toys from Happy Farm, among which plush carrots are the most popular toys among Japanese girls. The game Happy Farm has also increased a lot of revenue for inschool Japan.

Li Guangxue's second brother, Li Shouyi, was summoned by the Seoul Central District Prosecutor's Office to cooperate in the investigation of the BKK investment fraud case. Although Li Shouyi was released by the Prosecutor's Office not long after, Li Guangxue knew that Song Yi's tricks would definitely not stop there.

In addition, Lee Guangxue's wife Yu Jinyu was also invited to the Seoul Central District Prosecutor's Office for investigation. A Korean businessman said that he bribed Yu Jinyu's son-in-law with 1.45 billion won, and most of the money was said to have gone into Yu Jinyu's pocket.

Yu Jinyu used her influence as the wife of a congressman to facilitate the businessman's appointment to the Financial Services Commission of South Korea. Yu Jinyu's son-in-law is a corporate executive at Samsung Electronics.

Just after the Seoul Central District Prosecutors' Office launched a relentless investigation into Li Guangxue's relatives, Li Guangxue had to temporarily show weakness to Song Yi.

Samsung Electronics Chairman Chen Jianxi wanted to mediate the conflict between Song Yi and Lee Guangxue, so he hosted a banquet at his residence in Itaewon to entertain Song Yi. However, when Song Yi visited Chen Jianxi's home for the first time, he left the table in anger after discovering that Lee Guangxue was also a guest at the same table. The conflict between Song Yi and Lee Guangxue was exposed, and the two were like water and fire.

Li Guangxue knew that he had to defeat Song Yi before ABS TV started broadcasting. If ABS TV started broadcasting, ABS TV would definitely attack him for his corruption case. Li Guangxue's relatives were asking for bribes, and the Korean people would not believe that Li Guangxue would keep himself clean. In addition, the suspicion of BKK investment case had not been dispelled.

Of course, Li Guangxue did not retaliate. The Financial Services Commission of South Korea has begun investigating the loans applied for by the New Asia Group and Song Yi himself, including whether there were any violations in the loans that Song Yi applied for from the Korea Exchange Bank in his personal name since 2000, as well as the loans that New Asia Group's companies applied for from major banks in South Korea.

The National Tax Service of South Korea also received a report that SM Entertainment evaded taxes by cutting financial expenses during the acquisition of SM Entertainment by Shin-Asia Media Properties Group.

SM Entertainment's real profit level is much higher than the financial report. After Lee Soo Man's Like Project was cancelled, the labor fees originally paid by SM Entertainment to Like Project should be turned into SM Entertainment's corporate profit and reflected in the financial report.

But in fact, in the entire acquisition case, the acquirer New Asia Media Properties Group and the acquired party SM Entertainment deliberately ignored this issue, and the accounting firm PricewaterhouseCoopers involved in the audit did not raise any questions.

This led to New Asia Media Real Estate Group buying SM Entertainment shares from Lee Soo Man at a lower purchase price. After the acquisition transaction was completed, SM Entertainment did not disclose the relevant issues until its second quarter financial report, causing SM Entertainment's stock price to soar that quarter. New Asia Media Real Estate Group and SM Entertainment's major shareholders made profits by manipulating SM Entertainment's stock price, which involved New Asia Media Real Estate Group's tax evasion.

Obviously, while Song Yi was staring at Li Guangxue, some people also kept their eyes on the triumphant Song Yi. If South Korean politicians want to deal with the heads of large conglomerates, economic issues are the best entry point.

This is like listed company A preparing to buy listed company B, and listed company B discovers before the transaction that it has an undeveloped mine with coal underneath.

If Company B disclosed the information in advance, then the price Company A paid to acquire Company B would be much higher. So Company A and Company B discussed and decided to continue the acquisition at the previously agreed price.

After Company B became a subsidiary of Company A, it announced six months later that a coal mine had been discovered under the previously undeveloped mountain. Company B's revenue and profits both skyrocketed, and the stock prices of parent company A and subsidiary B soared. Shareholders of both Company A and Company B profited from this news, but the interests of ordinary shareholders were harmed.

The higher the purchase price, the more tax the National Tax Service of Korea will levy, so the New Asia Media Real Estate Group is suspected of tax evasion. Therefore, the National Tax Service of Korea launched an investigation into the personal tax issues of New Asia Media Real Estate Group and Song Yi.

Now it depends on whether the Seoul Central District Prosecutors' Office will get the corruption evidence of Lee Guangxue first, or whether the National Tax Service will get the tax evasion record of Song Yi first. Only if one of Song Yi and Lee Guangxue goes in first, this power struggle will be settled.

In mid-September, the credit card crisis broke out in Korea Exchange Bank, the fifth largest bank in Korea, and Korea Exchange Bank was on the verge of bankruptcy. The three major TV stations and three major newspapers in Korea generally believed that it would be very risky for any financial institution in Korea to take over Korea Exchange Bank, and that the best way out for Korea Exchange Bank was for foreign capital to take over Korea Exchange Bank.

In this regard, Lee Yi-ji of New Asia Capital Fund expressed a different view. Why must the Bank of Korea be sold to foreign capital?

Lee Kang-woon, president of Korea Exchange Bank, said that the bank is currently operating poorly and its losses amount to hundreds of billions of won.

New Asia Capital Fund has participated in the debt restructuring of LG Card, the largest credit card company in South Korea, and has rich experience in asset restructuring. When LG Card Company encountered a debt crisis, the company's losses were less than 1 trillion won.

President Li Jiangyun said that the Korea Exchange Bank is currently suffering from heavy losses. Is there any suspicion that he deliberately exaggerated the poor management and failed to fulfill his duty to ensure a normal price, thereby facilitating foreign capital to acquire the Korea Exchange Bank at a low price? Ellis Short, vice president of Longxing Fund, was very dissatisfied with Li Yizhi's remarks, "There are still people in Korea who are so ignorant of the times? Does New Asia Capital Fund also have ideas about the Korea Exchange Bank?"

Liu Huiyuan, the representative director of Longxing Fund Korea, was a little hesitant. "It's hard to say, but as far as we know, Korea Exchange Bank President Li Jiangyun and Song Yi have a grudge in the past."

"In addition, the Korean banking industry has the 'Industry-Financial Separation Act'. This law separates the banking industry from non-core financial capital."

"This bill strictly restricts industrial capital from privatizing banks and stipulates that non-core financial capital can only hold 4% of the bank's shares at most. Even if the amount they invest exceeds 4%, they can only have 4% of the voting rights."

"The South Korean government passed this bill at the time to prevent South Korean industrial capital represented by large conglomerates such as Samsung, Daewoo, Hyundai, LG, Lotte, and SK from excessively interfering in the financial industry, to prevent the instability of industrial capital from affecting the financial market, and to stabilize the South Korean financial system."

"New Asia Capital Fund is currently still an investment fund under the New Asia system. If New Asia Capital Fund wants to acquire the Korea Exchange Bank, it cannot avoid the restrictions of the Industry-Finance Separation Act. And as long as Li Jiangyun continues to serve as the president of the Korea Exchange Bank, New Asia Capital Fund will not be able to acquire the Korea Exchange Bank." Liu Huiyuan gave Ellis Short a reassurance.

"You guys should hurry up and raise your offer price appropriately. You can also contact New Asia Capital Fund. As long as they are willing to not comment on the bank acquisition case, Goldman Sachs is willing to be the sponsor for New Asia IT's IPO next year."

Ellis Short was a little impatient. Newbridge Capital had bought the shares of Korea First Bank so smoothly at the beginning, but why did something unexpected happen with Longxing Fund? It seemed that this group of Koreans had become a little disobedient.

Anyone with a discerning eye can see that if Xinya IT goes public, the company's market value is likely to exceed that of Xinya Media Property Group. Xinya IT owns the social networking site inschool, which is ranked the most in terms of the number of users, the largest e-commerce site in South Korea, Sohan.com, and is also the largest online game company in the mainland market.

If Goldman Sachs sponsors it, it will be easier for Xinya IT to go public in the US stock market. Goldman Sachs will convince US investors and regulators that Xinya IT can get a higher valuation before going public. The rumors that Longxing Fund and Goldman Sachs have a close relationship are indeed not groundless.

Throughout September, Liu Huiyuan frequently visited senior officials of the Financial Supervisory Commission of South Korea, and then visited the leader of the Grand National Party and Lee Guangxue in succession.

When Li Guangxue learned that the New Asia Group might acquire the Korea Exchange Bank, he vowed to never let Song Yi take over the Korea Exchange Bank.

After learning about this, Lee Jae-yong, former vice president of Korea Exchange Bank, couldn't help but feel some resentment towards Song Yi.

When Song Yi borrowed 10 million US dollars from the Korea Exchange Bank, Lee Jae-yong provided a lot of help.

In the entire Korea Exchange Bank, Lee Jae-yong's vice president ranking is actually higher than Lee Kang-woon. If the president of Korea Exchange Bank is replaced, Lee Jae-yong is undoubtedly more likely to take over than Lee Kang-woon.

If you, Song Yi, really intend to acquire the Korea Exchange Bank, why didn't you support him to become the president of the Korea Exchange Bank? In late September, Li Guangxue discovered that his secretary, Jin Zhongxi, was missing. Li Guangxue asked Yu Jinyu angrily in the villa, "What do you mean by missing? Jin Zhongxi is such a big living person, can he fly?"

Yu Jinyu was annoyed, "Can you please stop yelling at me? Maybe Zhong Xi went out for something and will be back soon?"

Li Guangxue was speechless. In order to form an alliance, he married Yu Jinyu, a rich lady. But Yu Jinyu was a brainless woman who always caused trouble for him.

"Are you out of your mind? Kim Jong-hee is my secretary, and he knows almost everything about me. If he is controlled by Song Yi and the others, and if Zhongxi can't stand the pressure and reveals what we have done, we will both have to go to jail!" Li Guangxue was a little crazy.

Yu Jinyu is a little scared now. She knows that her wealth and glory all depend on Li Guangxue's power. If Li Guangxue falls, she will be finished too.

"Could he have been summoned by the Seoul Central District Prosecutors' Office to be investigated?" Yu Jinyu guessed. After all, the Chief Prosecutor of the Seoul Central District Prosecutors' Office, Le Xiyi, was Song Yi's man.

"How is that possible? Kim Jong-hee is my secretary. If the Procuratorate wants to summon him, they must inform me. If I disagree, they will not arrest anyone privately. Le Xiyi is an experienced prosecutor and will not make such a low-level mistake."

Li Guangxue thought about it and decided that he should ask for help from the US military in Korea. After all, if a Korean went missing in Seoul, the US military's intelligence network would definitely help them find him. The Dragon Star Fund wanted to acquire the Korea Exchange Bank, and the Americans needed him.

At this time, a South Korean cargo ship was departing from Sokcho Port in South Korea and heading to Zarubino Port along the Sea of ​​Japan. This batch of goods would enter the customs at Zarubino Port, and finally arrive at China's Jinhai City by land transportation, and then be transported to the three northeastern provinces through Jinhai City.

This batch of cargo mainly consists of clothing and toys. It is worth noting that Song Yi is also on this freighter.

At this time, a young man was tied up and tied to the deck of the freighter, and there were some oil drums full of gasoline on the freighter.

"Secretary Jin, since I have a way to kidnap you from Seoul to the ship without anyone noticing, I also have a way to make you disappear."

"You know that Li Guangxue and I are not on good terms. If you tell me the evidence of Li Guangxue's crime now, I will give you a way out and let you go back to reunite with your wife and children. How about it?" Song Yi patted the young man's face and advised sincerely.

"Bah! Councillor Lee must have discovered that I'm missing. If I were missing, you would be his first suspect. I believe the South Korean Navy has already been dispatched to rescue me on the ship."

"Chairman Song, if you let me go now, at most you will be charged with illegal detention and you won't be sentenced to a few years. But if the South Korean Navy intervenes, you will be the mastermind of the kidnapping case, and you will have to serve several years in prison. I believe you know this better than me, right?" The young man said disdainfully.

Song Yi laughed, "This is the Sea of ​​Japan, and to our west is North Korea. This is the jurisdiction of the North Korean navy. Although North Korea does not have many surface ships, it still has enough submarines. Do you think the South Korean navy dares to come here to arrest people? Dream on!"

"I hate being threatened the most. I'll give you one last chance. If you tell the truth before twelve o'clock, I'll let you live. Otherwise, get ready to sink to the bottom of the sea to feed the fish!" Song Yi's voice was very cold.

The young man was somewhat desperate. He knew that what Song Yi said was true. He was a little mad. "Song Yi, have you watched too many movies? You really think you can kill someone on the high seas without taking responsibility. Even if you kill me, you can't escape when you return to Korea!"

At this time, Song Yi's bodyguard Cha Tae-sik walked up to Song Yi and said, "President, we are ready."

Song Yi looked at the young man with pity. He was really a tough guy. No matter how he was tortured, he was unwilling to betray Li Guangxue. Maybe he had already made up his mind to die for Li Guangxue.

Song Yi waved his hand, unwilling to continue talking nonsense, and signaled Park Tae-sik to execute.

Park Tae-sik walked up to the young man, picked him up with another bodyguard, and put him into the oil barrel.

The young man couldn't believe that Song Yi was serious. He panicked, "Song Yi, what are you going to do? Are you crazy?"

Song Yi ignored the young man's shouting, and his voice was getting weaker and weaker. Because Park Tae-sik had shoveled cement from the deck and poured it into the oil barrel, and finally the cement filled the entire oil barrel. It was obvious that the young man in the oil barrel had lost his life.

Park Tae-sik and other bodyguards tipped the oil drum over, pushed it to the edge of the deck, and threw it into the sea. The oil drum filled with cement fell into the deep sea and slowly sank. Li Guangxue also learned about Kim Jong-hee's whereabouts. He repeatedly confirmed with the US military stationed in South Korea, "Kim Jong-hee was hijacked by Song Yi on the freighter, then put into the oil drum and thrown into the sea? Can you confirm this news?"

The other party was obviously unhappy. "Member Lee, we captured this through military spy satellites, and there is also a spy from the National Intelligence Service on this freighter. This spy was planted by your President Park Jin-hwan next to Song Yi. He wanted to rescue your secretary Jin Zhongxi, but in order not to expose himself, he could only watch this brave young man sacrifice himself. Member Lee, please accept my condolences."

When Li Guangxue heard what the US troops stationed in South Korea said, he was overjoyed. He couldn't understand why Song Yi would make such a bad move. With these photos and witnesses, Song Yi would definitely not be able to escape the charge of murder.

That is to say, as long as Song Yi lands, he will face charges of murder. Moreover, when Li Guangxue was facing the prosecution's relentless pursuit, he once thought of giving up Jin Zhongxi. Song Yi helped him solve his worries, and he wanted to shake hands with Song Yi to express his gratitude. 　Tomorrow is the finale of this volume, and then the last volume of Feilong Zai Tian will be released.

(End of this chapter)