Chapter 459 The Five Major Financial Groups



Korean netizens and Xiao Rizi netizens were arguing so fiercely they almost lost their minds, and even made plans to have an offline showdown.

Chinese netizens were thoroughly enjoying the show, and had even finished a whole bag of sunflower seeds.

But we still haven't seen any action from the payment platform.

This infuriated Korean netizens, who began tagging their respective official accounts, demanding that they step in.

The South Korean government was dumbfounded. They were unwilling to open this feature in our country, and it was no use asking me for help. I couldn't expect a Chinese company to listen to me.

Moreover, and most importantly, I don't have the final say in what happens to South Korea; it depends on whether the chaebols agree.

Faced with the constant tagging from South Korean netizens, the authorities were also helpless. If they didn't address this issue, their public satisfaction rating would plummet to the bottom, and they would be replaced by the chaebols. So, they had no choice but to bite the bullet and ask the chaebols.

The chaebols even held a special meeting about this matter.

South Korea has five major conglomerates, in addition to the Samsung conglomerate mentioned earlier.

There's also the Hyundai chaebol, the Hyundai of Hyundai Motors.

There's also the LG conglomerate and LG TVs, which I believe many people have heard of.

There's also the Lotte conglomerate; the Korean snacks and drinks you see in imported snack shops in China are basically all from Lotte.

The last one is SK Group, which may not be familiar to people in China. To put it simply, SK Group is a combination of Sinopec and China Telecom in South Korea.

Representatives from the five major conglomerates gathered together.

Well, since we're both in Seoul, it's quite convenient to meet up and have a meeting.

"Everyone, what do you think?" Samsung's representative spoke first. As the eldest among the conglomerates, it was perfectly reasonable for Samsung to take the lead in asking questions.

"Our group doesn't have a bank subsidiary. I'd like to ask, are the interest rates on bank wealth management products really that high?"

This question was asked by a representative of the Lotte Group. As the youngest of the five major chaebols, it's normal that the Lotte Group doesn't understand.

The representatives of the other three companies looked at Samsung, who had the best banking business among them.

"Ahem, children shouldn't ask questions they shouldn't ask."

Okay, the Lotte representative understands now. So it really is that high. Then why is the interest rate on my bank deposits so low?

It turns out that banks simply pool people's money, invest it, make money, and then give a small portion back to the people.

Not only that, they take the people's money and lend it to them, but they also charge double the interest.

Wow, this business is indeed incredibly profitable! Oh, no, it's incredibly profitable with no investment!

It seems that Rakuten is also considering entering the banking industry.

A representative from the Hyundai Group stated.

“There is a lot of public opinion right now, and I’m worried that if we don’t allow Huasuan Wealth Management to go online, there will be unexpected situations.”

"Tch, what could possibly go wrong? These people are getting more and more disobedient," the SK Group representative scoffed.

The LG representative remained silent and observed the situation.

Upon seeing this, the Samsung representative spoke up.

"The people are still very important to us. Without the people, who would SK make money from?"

"Yes, Samsung boss, I was inconsiderate."

"How about this, as a condition for Huasuan Payment to offer financial products in South Korea, each of the five of us can allow them to launch one product, and we will set the interest rate, including Huasuan Payment's own financial products."

"I think it's okay."

"I second that."

Me too.

"But, Samsung boss, what are we going to do since Lotte doesn't have a bank?"

"That's your problem, not mine. Alright, Xiao Letian, I'll leave the notification about Huasuan Payment to you. Meeting adjourned, I have other things to do."

After saying that, the Samsung representative walked away with an air of indifference.

The Lotte Group representative looked puzzled.

What the hell? I don't even have a bank account, I haven't taken any benefits, and you're making me do all the work?

Okay, okay, you're Samsung, you're awesome, I can't mess with you, the rest...

But when he looked up, he realized that he couldn't afford to mess with the rest.

Forget it, a moment of patience will bring peace, and taking a step back will open up a whole new world. It's just a matter of giving a notification; it won't take much time.

So, after the meeting, the Lotte representative called Zhang San.

"Hey, is this a good deal?"

Zhang San answered the phone, and upon hearing the attitude on the other end, he immediately hung up. He didn't care who it was; even his boss had never spoken to him like that.

The Lotte representative exclaimed, "You actually hung up on me? Are you looking for trouble?!"

It's probably because I didn't reveal my name that the other party dared to hang up on me. If I had revealed Lotte's name, the other party would definitely have started fawning over me.

So, the Lotte representative made another call.

"Hello, is this a good deal? I'm a representative from Lotte Group."

With a snap, Zhang San hung up again and blocked him. Damn it, how dare a lousy representative talk to me like that? Doesn't he know what it means to be a superior nation?

This is only true in modern times. If this were in the Tang Dynasty, and you dared to speak to an envoy of the Celestial Empire like that, I would go back and take eight hundred men to flatten Seoul, believe it or not.

The Lotte representative was furious. "Damn it, I already told you I'm from Lotte, and you still dare to hang up on me? I'm telling you, you're dead meat!"

The Lotte representative called again, but found that the other party was already on another call.

He called several more times, but the other party indicated that the call was always busy. Only then did he realize that the other party had blocked him.

This infuriated him, but there was nothing he could do. The other party's number clearly indicated that they were living a quiet, carefree life.

Forget it, whatever. Anyway, our group doesn't have a bank. Let whoever wants to contact us do so.

So, the Lotte representative put the matter out of his mind.

Three days later, officials contacted the five major conglomerates again, asking why the matter was still unresolved and why the public's insults had become even more vulgar in the past few days.

The other four companies all looked towards Lotte.

The Lotte representative shrugged.

"I've contacted them, but they're completely ignoring me and have even blocked my number."

"Blocked you? What did you do?"

"I didn't do anything!"

The Lotte representative stated that he really didn't do anything this time; he hadn't even said anything before being blocked. He said he had to be honest.

"Do you think it's normal for someone to block you without you doing anything? Is that even possible?"

Rakuten representative: I really want to block you right now.

The Samsung representative said, frowning.

"Never mind, Hyundai representative, you go and make the contact."

After the matter was settled, the Samsung representative made a meaningful remark to the Lotte representative.

"Little Letian, sometimes you can't be so selfish, you know?"

Lotte representative: I *&…#@!

So, without waiting for the meeting to end, the Hyundai representative immediately took out his phone and contacted Zhang San.

"Hello, are you Mr. Zhang San? I am a representative of Hyundai Group."

"Oh, Hyundai Group, I've heard so much about you. What can I do for you?"

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