Subsequently, Samsung released an official statement.
After review, it was found that Huasuanpay posed no risk and met the access requirements, so the ban on Huasuanpay was lifted.
SK Telecom followed suit immediately.
Cost-effective payment has once again come into focus for South Korea.
Moreover, after Huasuan Payment returned, it immediately notified users of a new version update. The update announcement clearly stated that Huasuan Wealth Management would be launched on Bangzi.
Moreover, the first product launched by Huasuan Wealth Management after its launch on Bangzi is a product in cooperation with Dabang Bank, called Bangzi Bao, and the interest rate is very high, reaching an astonishing 8%!
Big Bang Bank is the only officially owned bank directly under the Korean government, and it is also the department managed by the Korean Bank.
Although it doesn't have much binding force on the banks of those conglomerates, the necessary departments still need to be in place.
China Bank: Phew~ This time I don't have to be the sucker anymore.
However, some people have noticed this.
The benefits of financial management differ between Bangzi and Xiaorizi. Xiaorizi's financial management allows you to purchase with real currency, and the interest is also converted into real currency, which can be withdrawn at any time.
In South Korea, you can purchase affordable financial products by converting currency into Douyin coins, and then using those Douyin coins to make further purchases.
Interest is also settled in Douyin coins.
In short, the cost-effective investment scheme in South Korea is still closed; all the money will be converted into virtual currency and cannot be withdrawn.
This has left the Koreans in a dilemma. The long-awaited cost-effective financial management feature has finally arrived, but it also seems to be missing out. They can't possibly deposit all their money into the cost-effective payment system.
At this time, many videos with novel viewpoints suddenly appeared on the overseas version of TikTok.
"I know, it must be the tycoons who are preventing us from using real money to buy profitable financial products!"
"That's right, it must be the work of the conglomerates. They blocked Huasuan Pay before, but after we pressured them, they finally lifted the ban. Now they're preventing us from using Huasuan Pay with real money."
"Anyway, I don't have much money. I keep a little cash on hand each month and invest the rest in profitable financial products. They yield 8%! I did the math, and the interest alone is enough to cover my daily food expenses."
"Dude, do you even have that much money saved up?"
"Not much. My daily food expenses are only ten yuan, which is three packs of instant noodles and a pack of pickled vegetables. If I deposit 100,000 yuan, the daily interest will be enough for me to buy an extra bottle of Coke."
"Three packs of instant noodles, one pack of pickled vegetables, and a bottle of cola—ten yuan isn't enough."
"Buy it on Pinduoduo! Instant noodles are so cheap on Pinduoduo, much cheaper than Shin Ramyun."
"Brother, you're such a good person, I'll go right now."
“I’m also planning to deposit all my money into it. Anyway, you can buy anything on Pinduoduo and Douyin Mall, and it’s cheaper than offline. Plus, I don’t have to go out myself. It’s a godsend for lazy people like us.”
After Huasuan Pay updated Bangzibao, Cui Dacheng was overjoyed to see the data in the background skyrocketing.
This move not only won the favor of the five major conglomerates but also the public, and allowed Big Bang Bank to benefit as well, while also giving his plan a successful start.
That's killing many birds with one stone.
Although the five major conglomerates were envious, there was nothing they could do. The public reaction had been too strong, and they had even been scolded by their own families.
Tell them to resolve this matter as soon as possible.
Now everything is fine, the matter is finally resolved. Just look at the public's reaction; everyone is buying Korean popcorn.
This made the other four major conglomerates besides Lotte extremely envious.
Rakuten: The bank isn't open yet, don't rush, don't rush.
So, the head of the Samsung family found Lee Jung-seo and asked him to ask Lin Chen if Samsung could also get a share of the profits.
Lee Jung-seo was speechless. "I work for Samsung Electronics! How can you expect me to ask about bank wealth management products? What's going on here?"
Besides, she wasn't familiar with Lin Chen. He had humiliated her last time, leaving a red wine stain on her white shirt that she couldn't get out of the wash. She had just thrown away that expensive white shirt.
Looking at the five major conglomerates, it seems that only he and Lin Chen have ever crossed paths; the others don't have that kind of influence.
So, he had no choice but to bite the bullet and call Lin Chen.
"Hello, is this Mr. Lin? This is Li Zhenxi."
"Li Zhenxi, who is that? I don't remember her."
Li Zhenxi's fists clenched so tightly they cracked, but she still smiled and said...
"Mr. Lin, you really have a bad memory. Samsung Electronics, Seoul, Xiaomi flagship store, do you remember them?"
"Oh, right, isn't this Chairman Li? What brings you here to call me?"
"Actually, I called on behalf of my family to ask Mr. Lin if we could also join the Huasuan Wealth Management program?"
"Um, this is difficult!"
"Huh? Why?"
"Because you previously wouldn't allow Huasuan Pay to be integrated into Korean products, I signed an exclusive agreement with the Korean government, which allows me to only offer financial products from Dabang Bank."
"Ah, this..."
Li Zhen frowned slightly.
"Mr. Lin, actually, if you're willing, Samsung can step in and ask Big Bang Bank to withdraw voluntarily, so that it won't be considered a breach of contract on your part."
"That won't do. I, Lin Chen, value my reputation above all else in business. Once I've made a promise, I must keep it, unless..."
"Unless what?"
"Unless you pay more!"
Li Zhenxi nearly spat out a mouthful of blood. Where were their morals? Where were their bottom lines?
"Ahem, how much more money does Lin Chen want to add?"
Lin Chen did not answer Li Zhenxi directly, but instead asked her a question.
"President Li, have you considered resolving this issue from another angle?"
"Oh? What angle?"
"You Samsungs are just watching Big Bang Bank reap the rewards while you don't even get a sip of soup, and you're feeling really smug, right? Well then, I'll teach you a way to make you feel absolutely satisfied, how about that?"
"real?"
"No money back if you're not happy!"
"Huh? This costs money?"
"Hey, what are you saying? Everyone knows I, Lin Chen, have a famous nickname in the business world: 'Consulting Fees of 500 Million'! That means my ideas are fucking worth 500 million!"
Li Zhen thought about it carefully and then answered.
"President Lin, please wait a moment. This is such a large sum of money; I need to consult with the head of the family first."
"Okay, I'll wait for your reply."
Li Zhenxi went to the head of the Samsung family and reported the matter.
The head of the Samsung family spoke calmly.
“Give it to him. I’ve heard of his nickname before, but I heard it was called ‘consulting fee of five million.’ Heh, now it’s increased to five hundred million. What a greedy little guy.”
Li Zhenxi dialed Lin Chen's number again.
"President Lin, the 500 million consulting fee is no problem. I'll have someone transfer it to you in a bit. Now, can you tell me your idea?"
Continue read on readnovelmtl.com
