Now that he had received the money, Lin Chen could start to persuade... uh, no, to offer advice and strategies.
"Mr. President, do you know what's most important to chaebols?"
"born?"
"No, it's about wealth! It's about money! So we need to start from this point."
Upon hearing this, Cui Dacheng realized that it made some sense.
Tell me more.
"I wonder if Mr. President is familiar with our Huasuan Payment overseas version business. Huasuan Payment overseas version is not a simple real currency business, but a virtual currency business. It involves purchasing virtual currency with real currency, and then using the virtual currency."
And facts have proven that, as long as the infrastructure is in place, virtual currency is sufficient to meet more than 90% of the monetary needs in daily life.
"If you don't believe me, Mr. President, you can come to Shanghai and see for yourself. Shanghai has basically achieved full coverage of mobile payment. Even if you're just going to the market to buy a head of cabbage, you can use mobile payment."
"I know that. China's mobile payment system is indeed very advanced."
"So my solution is to fully implement mobile payments across South Korea, so that people's money goes into Huasuan Payment. In this way, the chaebols will lose their wealth, just like tigers without claws. Wouldn't that be your opportunity?"
Choi Dae-sung's eyes lit up. That's right. In the past, the chaebols paid wages to the people, and the people spent money in various industries, which eventually returned to the chaebols.
The government simply collects taxes to keep the state apparatus running.
However, if the public's money is deposited into Huasuan Pay, then this money will not return to the chaebols and will remain in Huasuan Pay indefinitely. As a result, the chaebols' money will gradually decrease, while the government's tax revenue will remain unchanged.
With this shift in power, one's influence will definitely increase.
Wait a minute, isn't that a bit odd? Doesn't that mean all that money is going to China? Cui Dacheng knows that all the products in the overseas versions of Douyin Mall and Pinduoduo are made in China.
Although a large portion of offline mobile payments remain in South Korea, those payments are still within the "Huasuan Payment" system.
At that time, what South Koreans can and cannot buy will all be determined by what the best-paying platform offers.
Cui Dacheng sneered.
"Mr. Lin, you've really got a good plan. In this way, won't all of our Korean spending end up flowing to China?"
"Hehe, Mr. President, if you want a return, you have to give something in return. Besides, your government isn't losing out either. The government still collects the taxes it's supposed to collect. Moreover, with so many Chinese goods going to South Korea, the South Korean government can earn a huge amount of import tax every year. No matter how you look at it, you're making a profit."
"this……"
Choi Dae-sung hesitated. Lin Chen's words made a lot of sense. In fact, he knew in his heart that cooperating with Lin Chen was tantamount to asking a tiger for its skin. Lin Chen's move was to slowly erode South Korea's national strength. But what use was a strong national strength? It would still be the world of the chaebols!
The five major conglomerates control 70% of South Korea's GDP. To put it bluntly, the government is just a steward for these conglomerates.
Lin Chen continued.
"Furthermore, Mr. President, with this shift in power, don't you want to become the next chaebol?"
This sentence completely solidified Cui Dacheng's decision!
Dry!
Regardless of the consequences, we can rebuild from the ashes. In the end, the worst that can happen is that I can quit being president. Anyway, not many South Korean presidents have a good ending.
But if you win the bet, you'll go down in history!
He might even become the next chaebol, just as Lin Chen said!
Moreover, he wasn't without a backup plan. Once the plan was nearly complete, he would label the overseas version of Huasuan Pay as unsafe and kick it out of the game.
As for your question about Huasuan Pay not allowing withdrawals, that's a problem for the public, but is it even a problem for the authorities?
For a nation, currency is merely a tool, not the fundamental element.
When the time comes, simply disregard the virtual currency in the payment system and reissue it to the public in equal amounts, and the problem will be solved.
"Damn it, we'll do it your way! I'm going all in!"
"What courage! Mr. President, I'll await your news."
At this time, the five major conglomerates were getting a bit annoyed by the South Korean public. Although it didn't really affect them, being criticized online every day was still unpleasant.
Some of them had considered simply silencing those troublemakers, but others immediately intervened, saying that silencing them at that point would only add fuel to the fire.
Moreover, the five major conglomerates are constantly fighting behind the scenes, as everyone wants to make more money and become the next head of the Korean conglomerate.
Just when they were getting fed up with it, the president arrived.
"Mr. President, I think your government should take appropriate action to regulate the situation. It is necessary to guide public opinion on the internet."
Choi Dae-sung smiled. Although he was not a chaebol, his status as president meant he didn't need to be too polite to these representatives, since they weren't core members of the chaebol.
"Isn't this all your own doing? You insisted on trying to squeeze every last penny out of people on Huasuan Pay, and now you want me to clean up your mess?"
The Samsung representative said with a serious expression.
“We do bear some responsibility for this matter, but if this continues, the heads of our families might also become unhappy. Mr. President, I hope you can reconsider.”
"Since you've put it that way, then I'll give you some advice."
"I'm all ears."
"Let's bring in the Huasuan payment option and show them our sincerity, turning enemies into friends, just like... the situation between Samsung Electronics and Xiaomi's flagship store back then."
Upon hearing this, everyone turned to look at the Samsung representative.
The Samsung representative naturally knew what Choi Dae-sung was referring to. That incident had indeed caused a great stir within the Samsung Group, involving both business warfare and murder, and almost resulted in international embarrassment.
Fortunately, Lee Jung-seo made a quick decision and took the initiative to reach out to Xiaomi; otherwise, not only would the situation have been unmanageable, but it might have also affected Samsung Electronics' entire strategy in China.
Huh? Even though Choi Dae-sung didn't mention it, the Samsung representative hadn't realized that Xiaomi's flagship store and Huasuan Pay were both backed by Lin Chen!
From this perspective, yielding is indeed a good approach.
After a long silence, the Samsung representative spoke.
"I agree with the President's proposal."
When the Samsung representative agreed, the representatives of the other conglomerates also raised their hands in agreement.
"agree."
"agree."
"agree."
Me too.
Seeing that everyone had agreed, the Samsung representative turned to Choi Dae-sung and said...
"Then I'll leave this matter to you, Mr. President."
"no problem."
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