Li Guangxue's family was poor and barely supported him to go to junior high school, but the poor family had no way to help him continue his studies. In order to let his family support him to continue his studies, he never asked for tuition fees. Li Guangxue, who came from a poor family, could understand the difficulties of ordinary people's lives, but this made him more eager for wealth and success than ordinary people.

When he worked at Hyundai Group, he got up at 5 o'clock every day and worked about 18 hours a day, almost twice as long as others. In the end, it took him 12 years to become the president of Hyundai Construction. In the first half of his life, Li Guangxue seized opportunities and his life resume was simply a legend. He was the ceiling of ordinary workers and a model of success for ordinary people of a generation.

So when Park Dong-ho questioned Lee Guangxue's close relationship with the presidents of the chaebols, such as Zhou Mengjiu, Chen Jianxi, and Cui Anyuan, Lee Guangxue felt insulted. He hated it most when people said that he was the spokesperson of the chaebols. In his heart, even the five major chaebols in South Korea were just his partners, and he was equal to Zhou Mengjiu and Chen Jianxi.

So when Zhou Mengjiu ran for president and wanted to recruit him as a campaign assistant, he refused without hesitation. In addition to the political differences, he was unwilling to be inferior to anyone. He had seen enough of Zhou Zhengyong's face in the Hyundai Group and was unwilling to continue to listen to Zhou Zhengyong's orders.

This time, Lee Guangxue is aiming for the Seoul mayoral election for the South Korean presidential election five years later. As long as he can become the mayor of Seoul, he can use Seoul as a springboard to realize his political ambitions. Five years later, he can rely on Seoul's achievements in governance to help him enter the Blue House.

He originally thought that he could find Park Dong-ho's weak spot and attack him relentlessly in the TV debate, but Park Dong-ho seemed to be well prepared, which slightly frustrated his verbal offensive.

"Congressman Lee Guangxue, last year, the president of a financial consulting company, Kim Pung-young, fled to the United States. He manipulated BBK's stock price by spreading false information, causing investors to lose hundreds of billions of won. During Kim Pung-young's activities in the United States, reporters photographed you meeting with Kim Pung-young. Kim Pung-young has always claimed that he is not the boss of the company, and that you are the real behind-the-scenes boss of BBK. How is Congressman Lee going to make up to BBK's investors?" Park Dong-ho also began to show his true colors and started to release his ultimate move.

Li Guangxue was not in a hurry. "The reason why I met with Jin Fengying was to persuade him to return to China and surrender himself to help BBK investors recover their losses. My second brother Li Shouyi also bought BBK stocks, and the actual economic losses exceeded tens of billions of won. If I was really a behind-the-scenes shareholder of BBK, how could I let my family fall into a situation of huge losses?"

The BBK stock price manipulation case is the biggest stain on Lee Guangxue. BBK's president, Kim Pung-young, is Lee Guangxue's business partner. Lee Guangxue provided a lot of support for BBK's listing and also attended many business gatherings organized by BBK.

Li Guangxue's rebuttal was also quite convincing. If he really manipulated BBK's stock price behind the scenes to make a profit, there was no need for him to involve his own brother Li Shouyi.

Li Guangxue's second brother, Li Shouyi, was the first top student in his family. He obtained a master's degree from the university's business school and had a promising future. Li Guangxue was later admitted to Korea University's business school because of Li Shouyi's encouragement. After Li Shouyi started working, he also helped Li Guangxue's study. Li Guangxue and Li Shouyi have always had a harmonious relationship.

"According to the investigation report released by the prosecution, your brother Lee Soo-yi bought BBK's investment fund significantly later than other investors, and was a financial management target with delayed redemption. As a result, you used your personal influence to ask Kim Pong-young to give priority to repaying your brother Lee Soo-yi, which actually infringed on the interests of other investors. Do you have any explanation to the public about this?" Park Dong-ho continued to ask.

Generally speaking, investment shares of investment funds are divided into priorities. When a fund defaults or is liquidated, fund investors will have priority in the allocation of fund assets. Generally speaking, the higher the fund priority, the lower the risk for investors, and they will benefit first in the asset allocation after the fund is liquidated.

Lee Soo-yi met BBK President Kim Pung-young through Lee Guangxue's introduction, and invested in BBK's investment fund and bought BBK's stock. Later, when BBK's stock price manipulation case was exposed, Kim Pung-young, a Korean-American, fled back to the United States, leaving behind a mess worth hundreds of billions of won in Seoul.

Li Shouyi bought BBK's investment fund relatively late, and what he actually bought was the high-risk subordinated partner shares. Even if BBK's investment fund is liquidated, Li Shouyi will not get much compensation funds.

As a result, under the intervention of Lee Guangxue, Kim Pung-young still obediently paid Lee Soo-yi the principal of 14 billion won, ensuring that Lee Soo-yi did not suffer any losses. Now the rumor is that most of Lee Soo-yi's 14 billion won principal actually belongs to his younger brother Lee Guangxue, who just used his brother Lee Soo-yi's name to manage the finances.

Kim Pung-young took the money of his partner Lee Guangxue and fled to the United States. Lee Guangxue has a wide network of contacts in the United States and is an old acquaintance of many capital giants on Wall Street. Lee Guangxue ran for mayor because he was supported by Americans behind the scenes. Kim Pung-young fled back to the United States and was able to avoid the Korean prosecutors, but he could not escape the entanglement of Lee Guangxue. In the end, Kim Pung-young obediently returned the principal of 14 billion won to Lee Soo-yi, and then stayed in the United States to evade criminal responsibility.

"This is pure nonsense, Congressman Park Dong-ho. If you want to attribute me to the BBK stock price manipulation case, please provide substantive evidence and don't just believe it based on hearsay."

"The Chosun Ilbo reported that when Shinhan Media went public, your wife and Congressman Song Woo-seok's children all bought shares of Shinhan Media and made a profit from it. The reason you bought shares of Shinhan Media was because you got insider information from Shinhan Media's president Chen Jae-chan. You knew that Shinhan Media had major positive news and that its stock price would soar after its listing, so you made a profit by buying and selling stocks. Isn't your behavior infringing on the rights of Shinhan Media's small shareholders?" Li Guangxue decided to turn passivity into initiative and started to fight back directly.

The verbal battle between Li Guangxue and Park Donghao was very exciting for the audience in front of the TV. It felt like they were watching a hearty debate. Park Donghao and Li Guangxue were both very eloquent, with careful logical thinking, and they seized on a key issue to attack their opponents.

"My wife is a full-time housewife. The biggest income for our family is my salary and allowances from when I was a member of parliament, which is about 5 million won a month. The total family savings now do not exceed 400 million won (2.4 million yuan)."

"My son Park Yongjun has graduated from university and works in an art gallery in Seoul. He is now at the age of marriage. His girlfriend's parents hope that Yongjun will buy a house in Seoul as a wedding house, but as parents, we cannot afford an apartment in a good location in Seoul."

Park Dong-ho's words resonated with many middle-aged parents in front of the TV. It turns out that even Park Dong-ho, who is a member of the National Assembly, is also troubled by his children's marriage and house purchase.

"My wife doesn't invest, nor does she make a profit by buying and selling stocks. She also wants to help improve the family's income by speculating in stocks. In addition to Shinhan Media's stocks, she also bought stocks of Samsung Electronics, Hyundai Motor, Asan Group, SM Entertainment and many other companies. The stock prices have overall gains and losses, and the overall return is slightly higher than a five-year bank deposit. The total value of Shinhan Media's stocks she personally holds does not exceed 10 million won. I don't understand why the Chosun Ilbo said that we learned the inside information in advance and made a profit by manipulating stock prices. Have you ever seen a banker who uses 10 million won to manipulate stock prices?" Park Donghao continued to ask.

Park Donghao's response was very frank. You attacked my wife for buying shares of Shinhan Media because Song Yi had a close personal relationship with Chen Jae-chan and his wife, the major shareholders of Shinhan Media.

After Shinhan Media went public, Song Woo-seok's younger brother and Park Dong-ho's wife both bought Shinhan shares. Since Shinhan Media's stock price had been rising, it was normal for the Chosun Ilbo to suspect that Park Dong-ho and others had learned the inside information from Song Yi in advance.

"Councilor Park, you said that your wife is not good at investing. For someone who doesn't know how to invest, she is willing to spend half of the family savings on buying stocks. Isn't this behavior abnormal? Then what is the reason for your wife to buy these stocks?" Li Guangxue obviously did not intend to give up.

Park Dong-ho was obviously prepared. "According to a survey, there are more than 40 million stock accounts in our country, and 83% of Koreans are investing in stocks. Many of them are full-time housewives. I don't understand why my wife's stock investing has become news. Is it because the law prohibits the spouses of civil servants from investing in stocks?"

"As for why my wife bought these stocks, it's actually because she only knows these companies and has a better understanding of them. It's like when you are getting married, you will definitely give priority to your friends instead of suddenly marrying a stranger, right?" Park Dong-ho joked.

Li Guangxue hit a snag again, and he suddenly regretted participating in today's debate. If he lost the election for mayor of Seoul due to a TV debate, he would lose his value among Americans, conservatives, and chaebol groups.

With the assistance of Xinya Network's AI, Park Donghao spoke eloquently about the questions raised by Li Guangxue and answered them calmly. In contrast, Li Guangxue looked tired and wished that the TV debate would end soon.

"Compared to my wife's petty gains in the stock market, Councillor Li is the real investment expert."

"The largest shareholder and chairman of the auto parts company DAS Group is Councillor Lee's eldest brother, but Councillor Lee is the actual controller behind the company."

"DAS Group set up a secret treasury and embezzled corporate funds to support Councillor Lee's mayoral election campaign. DAS Group may also be involved in tax evasion. However, Councillor Lee has been using his privileges as a member of parliament to pressure the Procuratorate and the National Tax Service to not investigate DAS Group."

"Congressman Lee is so afraid of the prosecutors investigating the DAS Group. Is it because you are afraid that the prosecutors will find evidence of your embezzled funds from the DAS Group that you have been interfering with the judiciary?"

"If, as Councilman Lee said, you have nothing to do with the DAS Group, then I will request the Seoul District Prosecutors' Office to investigate the DAS Group. If Councilman Lee is truly innocent, I am willing to apologize to him in public!" Park Dong-ho said in a sonorous and powerful voice.

When Li Guangxue saw Park Donghao's resolute eyes, he suddenly felt weak and didn't dare to look him in the eye. The audience in front of the TV also noticed Li Guangxue's expression and knew that Park Donghao would not mention DAS Group for no reason. There must be something fishy going on.

Although the central air-conditioning was turned on in the studio, Li Guangxue felt that the room was unusually hot, and he felt sweat on his forehead. He didn't know where the problem was, whether it was that his elder brother had revealed his hand, or whether there were informants like Park Donghao in the DAS Group.

Through Zhou Mengjiu's relationship, he supplied auto parts to Hyundai Motor Group through DAS Group. The income from this part was very stable, with the company's annual income reaching tens of billions of won. Zhou Mengjiu also needed Li Guangxue to speak for him in Congress, so he acquiesced to the existence of this part of the business.

If the Seoul District Prosecutor's Office really investigates DAS Group, Lee Guangxue is worried that his elder brother will not be able to bear the pressure and will finally give him up. He has been instructing his elder brother to transfer corporate funds from the DAS Group account for his personal use. All Korean chaebols have done this, including Chen Jianxi, Zhou Mengjiu, Cui Anyuan, etc. He is just imitating.

"Park, the principle of justice is to presume innocence until proven guilty. We believe that whoever claims must provide evidence. If you think I embezzled funds through the DAS Group, please show me the evidence that I embezzled funds from the DAS Group, instead of asking the Seoul District Prosecutors' Office to investigate me because I am suspected."

"According to what you said, I think Congressman Park provided assistance to the business activities of Chairman Song Yi of Xinya Media Real Estate Group and asked the Procuratorate and the National Tax Service to investigate the accounts of Xinya Media Real Estate Group. Do you have to agree with it?" Li Guangxue asked back.

Park Donghao was secretly delighted. He could not have imagined that Li Guangxue had really lost his composure.

Li Guangxue is looking at others through tinted glasses. He makes money through the DAS Group and thinks that Song Woo-sik and Park Dong-ho are the same type of people as him and also make money through the New Asia Media Real Estate Group. Otherwise, why would Song Woo-sik and Park Dong-ho spare no effort to support Song Yi?

"I can't make the decision on behalf of Song Yi, chairman of the New Asia Media Real Estate Group, but I can guarantee that I have no financial dealings with the New Asia Media Real Estate Group and Song Yi personally. My wife once proposed to borrow money from Song Yi to help Yongjun buy a house and use my salary in the next few years to repay it, but I sternly rejected it."

"I'm not afraid that Chairman Song Yi won't lend me money, but I'm afraid that he won't ask me to pay it back in a hurry. This is actually using power to infringe on the interests of law-abiding entrepreneurs. If I were not a member of Congress, would Chairman Song Yi still be willing to lend me money? I'm afraid not. If I were elected mayor of Seoul, I would immediately resign regardless of whether I or my relatives accepted bribes." Park Donghao answered with a righteous look on his face.

At the final stage of the TV debate, Park Dong-ho, with his righteous face, had obviously overwhelmed Lee Guangxue, with his sparkling eyes.

Lee Guangxue finally focused on the real estate issue in Seoul, asking Park Dong-ho how to curb the uncontrolled high housing prices in Seoul and how to fulfill his campaign promise of "letting young people live in their own houses."

At this point, Park Dong-ho knew he had already won. Almost all of the questions Li Guangxue prepared today were predicted by the AI ​​model of Xinya Network, so it was a deliberate plan that made Li Guangxue in the TV debate embarrassed and defeated.

Facing the citizens of Seoul in front of TV, Park Dong-ho threw out his trump card and proposed his long-term rental apartment plan at the right time.

If Park Dong-ho is elected mayor, he will set up a real estate rental company with state-owned assets, carry out construction and acquisitions simultaneously, and launch a number of long-term rental apartments suitable for young people to live in the market.

The bank will provide the property leasing company with a loan of 100 billion won as the start-up capital for the long-term rental apartment project. The subsequent funding for the long-term rental apartment will come from the full rental deposit provided by the tenants.

After young people have established themselves in Seoul and worked for several years, they can also use their savings to buy the apartments they rented. The prices of the apartments will be lower than those of the surrounding new communities. The rent they paid before can also be deducted from the purchase price of the apartment. The rent they paid before is also a disguised form of savings.

The long-term rental apartment operation model can help young people working hard in Seoul to live in their own houses earlier. As it is a state-owned property rental company, they do not have to worry about the landlord's property rental company raising the price at will, because every rent adjustment needs to be heard like water, electricity, natural gas and other industries related to the national economy and people's livelihood.

They don’t have to worry about moving around and having no place to live, because they can eventually buy the apartment they rented before and turn it into their own house through their own efforts. “Let young people live in their own houses” is not just a campaign promise, but also the first benevolent policy he has focused on promoting since taking office.

The original intention of establishing this state-owned property rental company was not to make huge profits through the real estate industry, but to provide a place to settle down for millions of young people in Seoul.

After hearing Park Dong-ho's words, Lee Hyun-jin felt that Park Dong-ho's image suddenly became much taller. She suddenly felt that there were some excellent doers among politicians who were working hard to promote social progress, eliminate the gap between the rich and the poor, improve the welfare of citizens, and enhance the happiness of the people. This may be "establishing a heart for heaven and earth, and establishing the people for the people."

As an opponent in the election, Li Guangxue had to admit that Park Donghao's long-term rental apartment plan was very feasible. He looked very unhappy now. He originally thought that he could defeat Park Donghao in one fell swoop in the TV debate, but who knew that Park Donghao actually showed his good economic skills.

After the TV debate, Park Dong-ho and Lee Guangxue shook hands. Lee Guangxue was still a little unconvinced, "This long-term rental apartment plan is definitely not your idea, right?"

Park Donghao admitted it directly, "You are right, but it doesn't matter who proposed it. The key is whether it can help the young people who are involuted. The pressure on their shoulders is too great."

Although the TV debate has ended, the aftermath of the debate is far from over.

Song Yi, chairman of the New Asia Media Real Estate Group, accepted an interview with the Dong-A Ilbo and clearly praised Park Dong-ho's long-term rental apartment plan. New Asia Construction, a real estate company under the New Asia Media Real Estate Group, is willing to contribute to the long-term rental apartment plan in Seoul.

After hearing about the plight of the residents of Jiulong Village, Song Yi felt very sympathetic towards them. He believed that South Korea should not forget the meritorious officials who made sacrifices for the bid for the Seoul Olympics. Xinya Construction was willing to invest 10 billion won to renovate Jiulong Village as a pilot project for the long-term rental apartment project in Seoul, and provide a comfortable living environment for the residents of Jiulong Village.

In addition to the Kowloon Village project, Song Yi also responded to questions raised by Li Guangxue in the TV debate.

Song Yi announced that New Asia Media Properties Group has officially launched its listing plan and has invited PricewaterhouseCoopers to audit the finances of New Asia Media Properties Group.

Once this audit report is released, it can also be confirmed that New Asia Media Properties Group and Park Dong-ho have no financial dealings.

New Asia Media Properties Group is preparing to go public through a backdoor listing. The specific company to be listed through the backdoor listing is not convenient to disclose to the public, and all work is proceeding in an orderly manner.

Song Yi's meaning is very clear. The New Asia Media Real Estate Group is not afraid of the Procuratorate or the State Taxation Bureau coming to audit its accounts, but can the DAS Group that Li Guangxue is involved in withstand external audits?

As soon as the Dong-A Ilbo interview was released, Park Dong-ho's public support rate further increased, while Lee Guangxue's support rate further decreased. The gap between the two has almost been eliminated. Now everyone is waiting for the results of the Seoul mayoral vote on July 25. A few people have noticed that the New Asia Media Real Estate Group, which was established less than three years ago, is preparing to go public through a backdoor listing. They have begun to speculate on the listing location of the New Asia Media Real Estate Group.

Whether it is the A-shares in the mainland, or the Hong Kong stocks, or the main board market in South Korea or the Japanese stock exchange. After all, the outside world knows that Japan's richest man, Masayoshi Son, and Song Yi have a close relationship. The two of them founded New Asia Network (Japan) Co., Ltd. together to operate the inschool Japan website.

In fact, the Korean people are also very curious about Song Yi. They only know that Song Yi is very rich, but they don’t know how much money Song Yi has.

If New Asia Media and Real Estate Group successfully goes public through a backdoor listing, Song Yi's personal shareholding information will have to be made public. Based on New Asia Media and Real Estate Group's current revenue, the company's market value after listing will not be less than 1 trillion won.

At this time, some capital institutions had guessed that Shinhan Media must be one of the alternative targets for New Asia Media Property Group's backdoor listing, and they were ready to buy Shinhan Media's shares. As a result, they suddenly discovered that some institutions in the market had already swept in, causing them to miss the opportunity. 　A large chapter of 6,000 words, I will update more on weekends. I have something to do tonight. See you tomorrow. Thank you all for your monthly votes!

(End of this chapter)