The South Korean National Assembly passed a temporary proposal to remove Lee Guangxue from parliament, and voted to agree to Lee Guangxue's detention at the meeting.
Li Guangxue's wife Yu Jinyu, secretary Jin Zhongxi, second brother Li Shouyi, son-in-law Li Zhouxiang and many others were invited to the Seoul Central District Prosecutor's Office for investigation.
In addition to people around Li Guangxue, BKK Investment Company President Kim Fengying, NYK Advertising Company Representative Director Kim Nanyong, Korea Exchange Bank President Lee Jiangyun, Longxing Fund Vice President Elliott Short and Longxing Fund Korea Representative Director Liu Huiyuan were all invited to investigate by the Central Investigation Department of the Supreme Prosecutors' Office of Korea.
Lee Kang-woon, president of Korea Exchange Bank, was arrested in his apartment in Seoul on November 7. The US ambassador to South Korea expressed concern about Elliott Short's arrest and asked the South Korean government to protect Elliott Short's legitimate rights as an American citizen and not to hinder his family and lawyers from visiting him.
MBC TV first disclosed the inside story of the Longxing case. Longxing Fund bribed Korea Exchange Bank President Lee Kang-woon with 96 billion won and former congressman Lee Guangxue with 1.45 billion won. Lee Kang-woon and Lee Guangxue facilitated Longxing Fund's acquisition of Korea Exchange Bank.
After Chen Jianxi saw the report from MBC TV, he warned his daughter Chen Fuzhen, "Song Yi is a man with deep scheming. The reason he agreed to come to our house for dinner last time was to paralyze Li Guangxue."
"He just wanted to show that he was irreconcilable with Li Guangxue and to display his impulsive and irritable side as a young man, so he deliberately walked away. In fact, he also used me to deceive Li Guangxue. Otherwise, how could such a shrewd person like Li Guangxue be easily fooled?" Chen Jianxi sighed.
When Li Guangxue discussed with him about joining forces with Hyundai Motor, SK Group, and Lotte Group to divide up the Korean assets of the New Asia Group, Chen Jianxi did not object.
If Li Guangxue can really bring down Song Yi, no matter which consortium falls, as long as it involves the division of spoils, Samsung Group cannot be avoided. For example, when Daewoo Group went bankrupt in the late 1990s, Samsung Heavy Industries also took over part of Daewoo Shipbuilding's industry.
In addition, in order to save the Daewoo Group, which was in a huge debt crisis, the South Korean government pushed the Samsung Group and the Daewoo Group to exchange some industries. The Samsung Group handed over its automobile industry to the Daewoo Group, and the Daewoo Group transferred its electronics industry to the Samsung Group.
After being elected president in 1998, Zhong Xiaotong has been urging large Korean conglomerates to carry out industrial adjustments. Each group only needs to focus on three or four major core industries and transfer the remaining industries to other companies or separate them from the parent company to enhance the survival and competitiveness of the companies and to withstand future financial crises.
Against this backdrop, Samsung separated Shinsegae Department Store, Hansong Group and JoongAng Ilbo and handed them over to Chen Mingxi, Chen Renxi and Luo Xixuan to manage independently.
Chen Jianxi saw that Daewoo Group was on the verge of bankruptcy, and Daewoo Group founder Kim Jong-woo could not afford to support the mess of Daewoo Group. So Chen Jianxi, who had a sharp vision, kept dragging it out. After Daewoo Group went bankrupt, Samsung still took over Daewoo Group's electronics industry, but Daewoo Motor did not take over Samsung's automotive business.
With the addition of Daewoo Group's electronic business, South Korea's electronics industry has formed a two-strong structure of Samsung and LG, but South Korea's automobile industry has not formed a two-strong structure of Hyundai Motor and Daewoo Motor. After GM acquired Daewoo Motor, South Korea's automobile industry has been dominated by Hyundai Motor, and no one can control it.
From Chen Jianxi's perspective, Song Yi's layout in the Internet industry is a bit like Hyundai Motor's in the past. Shinya IT is already on the verge of becoming the largest Internet giant in South Korea. Internet companies such as Naver, Duam, and Yahoo Korea have no ability to fight back when facing Shinya IT.
Inschool has more than 25 million Korean users, covering more than 50% of the population. The transaction volume of Sohan.com, the e-shopping website of Shinya IT, has exceeded 200 billion won in half a year, and the number of online shopping users of Sohan.com has exceeded 2 million, which means that each user has spent at least 100,000 won on Sohan.com.
Samsung Networks' executives are apparently optimistic about Sohan's prospects for growth and are preparing to launch an e-commerce site similar to Sohan.
However, the most powerful thing about Sohan.com is actually their logistics system. No matter which city Sohan.com users place an order in, the express delivery can be delivered within three days. If it is in Seoul, Incheon, Gyeonggi Province or Busan, it can even be delivered the next day. If you place an order online on the first day, it will be delivered to the customer on the second day.
Chen Jianxi certainly knew how much money New Asia IT spent on logistics, and he was not optimistic that Souhan.com's model could continue, because it would require New Asia IT to continue to burn money on logistics every year, unless New Asia IT's game business could continue to bring high revenue and high profits to the company.
He originally planned to let Chen Xinyu do an internship at New Asia IT before going to study in the U.S. However, this summer, Chen Xinyu made it clear that she did not agree to study in the U.S. If Chen Jianxi forced her to do so, she would move out of her home and start her own business, even if Chen Jianxi took back the $200 million worth of stocks he had given her.
Seeing that his daughter Chen Xinyu was so stubborn, Luo Hongxi thought that Chen Xinyu had met someone she liked at New Asia IT. When he was about to break up the couple, he found out that Chen Xinyu was simply reluctant to give up her job at New Asia IT.
After the release of "KartRider Rush+", Chen Xinyu, as the representative of the game's production team, also received a lot of praise.
In October 2003, the first team race of KartRider Korea was officially held. Dozens of professional teams have appeared in KartRider. Chen Xinyu also sponsored a professional team to participate in the team race held by the game.
Now Chen Xinyu is involved in the research and development of another online game. When Chen Jianxi asked Chen Xinyu what game she wanted to make, Chen Xinyu just smiled and said it was a secret, which made Chen Jianxi very angry.
Because ShinAh IT purchased the copyrights of popular KPOP songs from multiple companies including Mnet Media, JYP Entertainment, and YG Entertainment, Chen Jianxi deduced that ShinAh IT was preparing to launch a music or dance online game.
From "Legend of Mir 2", "Farmland" to "KartRider", Chen Jianxi has realized that Shin-Asia IT has gradually grown into the largest online game company in South Korea.
The social networking site inschool, the e-commerce site sohan.com and online games have built a high enough moat for Xinya IT. In time, Xinya IT will inevitably become a giant in Asia's Internet industry.
Chen Fuzhen didn't know that Chen Jianxi's attitude towards Song Yi had also changed a little, from disgust at first to a little appreciation now. Chen Jianxi didn't hate arrogant young people, only you have the capital and strength to be arrogant.
"Didn't the Americans take photos of Song Yi executing Kim Jong-hee on the Golden Ray? How did Kim Jong-hee come back to life?" Chen Fuzhen was a little curious.
Chen Jianxi knew some inside information, "In fact, Kim Jong-hee has not left Seoul at all, he has always been in Seoul."
"Since Kim Jong Hee followed Lee Guangxue, he has had many people around him who flatter him. Although South Korea prohibits the opening of casinos, underground casinos are still very rampant."
"Kim Jong-hee was lured by Song Yi to play Texas Hold'em in an underground casino. Kim Jong-hee got addicted to playing cards and played in this casino for several days and nights."
"Because the casino blocked the signal to ensure safety. As long as you are in the casino, your phone will not receive calls or text messages. When Li Guangxue couldn't contact Kim Jong-hee, he naturally subconsciously realized that Kim Jong-hee was missing."
"After Li Guangxue learned that Song Yi had kidnapped Jin Zhongxi, he immediately contacted the US military stationed in South Korea and asked them to use US spy satellites to capture the situation on the Golden Ray cargo ship."
"There were many oil drums on the deck of the freighter at the time. After the young man who played Kim Jong-hee was stuffed into an oil drum, he hid in another adjacent oil drum."
"The entire cement pouring process was also carried out personally by Song Yi's bodyguards. So although the oil barrel looks like there is someone in it, it is actually just a prop human model. However, the spy satellite can only take pictures, but cannot tell whether there is a real person or a dummy in the oil barrel. Finally, after the oil barrel was poured into the sea, Li Guangxue thought that his secretary Jin Zhongxi was killed. In fact, Jin Zhongxi was still having fun in a casino in the suburbs of Seoul." Chen Jianxi explained.
After listening to Chen Jianxi's story, Chen Fuzhen almost thought she was watching a movie. She shook her head and said, "Song Yi spared no expense to deceive Li Guangxue."
Chen Jianxi snorted, "That's right. It is said that in order to achieve a realistic effect, Song Yi specially arranged a prop master from the film company's crew on the Golden Ray cargo ship."
"In fact, Li Guangxue overlooked one point. How could people with wealth like Song Yi and I personally kill people on the high seas? Even if we really want to kill someone, we will just let others do it and find a scapegoat. We are all philanthropic entrepreneurs, how can we have blood on our hands?" said Chen Jianxi.
Chen Fuzhen remained silent, she knew that Chen Jianxi was right. But from her understanding of Song Yi, Song Yi was not such a cold-blooded person. He still had awe for the law, which was fundamentally different from the lawless chaebols. This was also the most attractive thing about Song Yi to her.
On November 19, 2003, the Seoul High Court sentenced Lee Guangxue to 17 years in prison and a fine of 13 billion won.
On February 28, 2004, the Supreme Court of South Korea made the final judgment on Lee Guangxue's case of suspected embezzlement and bribery, upholding the verdict of the Seoul High Court, sentencing Lee Guangxue to 17 years in prison, a fine of 13 billion won, and the recovery of 57.8 billion won to compensate the losses of the victims of the BKK investment case.
Lee Guangxue's secretary Kim Jong-hee, his wife Yu Jin-ok and his second brother Lee Soo-yi also received different sentences. Among them, Kim Jong-hee was recognized by the South Korean prosecutors as having made significant contributions and was eventually sentenced to three years in prison, suspended for two years.
When the final verdict on Li Guangxue came out, Song Yi finally breathed a sigh of relief. Only when Li Guangxue was sent to prison did he feel relieved.
Kim Hee-won gave birth to a daughter at St. Mary's Hospital in London in February. Song Yi was in London at the time to accompany Kim Hee-won and her daughter. This daughter is also Song Yi's eldest daughter.
Song Yi named his daughter Song Yuanying, whose English name is Catherine Song. Zhou Shulan also flew over from Yanjing to take care of his daughter-in-law Jin Xiyuan during her confinement.
Jin Xiyuan's complexion has recovered well. She holds her daughter in her arms every day and refuses to leave her daughter to her grandmother Zhou Shulan or the nurse to take care of her.
She also saw the report about Li Guangxue being sentenced in the newspaper. She asked Song Yi, "Husband, Li Guangxue is in prison. Does that mean your danger is over? No one will arrange someone to assassinate you, right?"
Zhou Shulan was obviously also very concerned about this issue. She had already lost her eldest son Song Bo. If her younger son Song Yi also passed away, she really could not bear the blow.
Song Yi was a father for the first time in his two lives, and he had no experience holding a baby. He held the baby for a while, and Zhou Shulan couldn't stand it anymore, so she pushed him aside, "Go away, didn't you hold Miaomiao when she was a baby before? How can you be a father? You can't even hold your own daughter properly? If Taixi's child was born, would you be so flustered?"
Song Yi was embarrassed and handed his daughter to Zhou Shulan. "Mom, you can't blame me. Although Yuanying knows me, she is not close to me. She cries when I hug her. When Miaomiao was a child, she was very well behaved when I hugged her. She didn't cry or make a fuss."
Jin Xiyuan frowned, "Other fathers stay with their babies, talk to them, and do prenatal education before they are born. The babies are familiar with their father's voice, so they will naturally be close to their father after they are born. From the time I became pregnant to the birth of my baby, it was a whole year, and you were in the UK for less than two months. It's a great honor for your baby to let you hold him."
Song Yi didn't dare to provoke Jin Xiyuan. Women tend to have bad tempers after giving birth, and some even suffer from postpartum depression. His only job now was to ensure that Jin Xiyuan was in a good mood.
"You're right, Xiyuan. After Tae-hee's baby is born, you can take Won-young back to Korea. Xinya IT has now developed a remote conferencing system. You can sit in Seoul to remotely command the Manchester United club. You don't have to stay in Manchester all day. You don't have many friends here, and the climate is a bit cold, so it's more comfortable to live in Seoul." Song Yi said.
Zhou Shulan glared at Song Yi. "You make it sound easy, but even though you've passed the test with Taixi's mother, how about the test with Taixi's father? How are you going to explain it to him then?"
Song Yi said: "I'll tell you the truth. It's impossible to keep this kind of thing secret forever. It's better to be honest. This way, my father-in-law will calm down."
Zhou Shulan laughed, "So you kidnapped two daughters of others, and both daughters gave birth to your children, and you confessed it to others? If it were me, I would have wanted to break both of your legs."
Kim Hee-won naturally wants to return to Seoul to be closer to her sister Tae-hee and Song Yi. She has now resigned from the New Asia Media Real Estate Group and has gradually faded out of the Korean entertainment industry this year. The Korean media no longer keeps an eye on her private life.
St. Mary's Hospital is also the designated obstetric hospital of the British royal family. Many wealthy celebrities in the UK have given birth in this hospital. Before Kim Hee-won chose this hospital to give birth to her daughter, she had signed a confidentiality agreement with the hospital. Even the most powerful gossip newspaper in the UK, The Sun, did not know that Kim Hee-won was admitted to this hospital. Of course, the cost of postpartum care in this hospital is also sky-high.
On March 15, Blue Ocean Capital Fund and New Asia Capital Fund announced a joint acquisition of a 51% stake in Korea Exchange Bank for 2.08 trillion won.
The previous offer by Lonestar Fund for the acquisition of 51% of the shares of Korea Exchange Bank was 1.38 trillion won. The acquisition price of Blue Ocean Capital Fund and New Asia Capital Fund was 700 billion won higher than that of Lonestar Fund, and the Financial Supervisory Commission of Korea approved the acquisition.
The Shin Asia Group officially participated in the debt restructuring of the Korea Exchange Bank, and Lee Ik-ji, president of Shin Asia Capital Fund, was officially nominated as the new president of the Korea Exchange Bank.
Lee Jae-yong, former vice president of Korea Exchange Bank, replaced Lee Yi-ji as the new president of New Asia Capital Fund and officially joined the New Asia system. This volume ends. Song Yi's daughter is named Song Yuanying, and she shares the same character Yuan with her son Chen Yuanzhong. Has anyone guessed the name of Kim Tae-hee's son?
(End of this chapter)
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