Chapter 465 Samsung Enters the Scene



Lin Chen said after listening.

"Mr. President, isn't this a good thing? Isn't this exactly what we've been hoping for—for someone to deposit their money?"

“But with 5 billion deposited in at once, Big Stick Bank will lose more than 100 million every day! Big Stick Bank is not just mine, it's a community of many interests. If it continues to lose money like this, the project will be shut down very soon.”

"Then why don't you lower the yield a bit?"

"No, lowering the yield will directly affect Big Bang Bank's reputation, and the losses will be even more incalculable."

"Then what should we do?"

"I don't know what to do either, that's why I came to ask you."

"Your Majesty, you must be joking. I don't own a bank. How would I know the answer to this? You should ask those financial experts!"

Cui Dacheng was speechless. How could I dare to ask those financial tycoons? Eleven out of ten of them are from conglomerates. If the conglomerates found out about my plan, they would throw me into the Pacific Ocean to feed the sharks.

"Ahem, Mr. Lin, this plan needs to be kept secret. It wouldn't be good if it were accidentally discovered."

In fact, Lin Chen really wanted to say, "If you get caught, it's just you who will die. I'm in China, what can those Korean chaebols do to me?"

However, he still needs to earn money from these Koreans, so it's best not to go all out at close range.

"The President is very thoughtful. Actually, there is a very simple way to solve this problem."

"Oh? What method? I'd like to hear the details!"

"Those chaebols just want to eat meat, so why not give them some? They're just a Korean, why not just cooperate with them?"

"That won't do, Mr. Lin. Have you forgotten my purpose? I'm here to weaken the power of the conglomerates and become the true leader of South Korea, that's why I'm involved in this South Korean project."

"How could I forget that? What I mean is, didn't you notice? This time, only a mere 5 billion came to target you. It's obvious that only one of the conglomerates made the first move. Since it wasn't a joint effort, you can turn around and find one of them to cooperate with. That way, you can let them fight like dogs."

Cui Dacheng's eyes lit up. Brilliant!

He could accept cooperating with just one of the conglomerates, and it might even be a good solution. Why? Because no matter how powerful he is, he can't fight five against one.

Moreover, this cryptocurrency project will inevitably clash directly with conglomerates in the end. If one has a conglomerate to cooperate with, the pressure on one will be much less. If the project fails, one might even be able to become a scapegoat.

So here's the problem: he doesn't know which company it is, does he?

"Um, Mr. Lin, could you find out which company invested this 5 billion?"

"Mr. President, our Huasuan Payment is a trustworthy app and will never leak user privacy."

"Mr. Lin, the five million has already been transferred to your company's account."

"Well, while we assure you that we will never leak user privacy, we also need to actively cooperate with your country's official investigation. I'll check the backend and send you the results in a bit."

In fact, Lin Chen didn't need to investigate at all. He was the one who was advising Samsung behind the scenes, so how could he not know who invested the 5 billion?

Moreover, Samsung wouldn't be so foolish as to use its real identity to buy this financial product. For such a large corporation, setting up a few untraceable accounts would be a piece of cake.

Lin Chen opened League of Legends on his computer and played a game of ARAM. He made a series of impressive moves, but his score was 0/5.

Then he cursed and closed the game, sending Cui Dacheng a picture of a Samsung phone.

After receiving the message, Cui Dacheng opened it and immediately understood: it was Samsung trying to target him.

That would be great! We could get the other four companies to unite against Samsung, fight them to the death, and then we could reap the benefits.

A plan so crude it was almost unbelievable took shape in Cui Dacheng's mind.

He then made a separate phone call to the head of the Lee family; as president, he was still able to contact the head of the Lee family directly.

"Hey, Mr. President, what brings you to call this old man?"

"Master Li is too kind. You are the most powerful person in Korea today. It is my presumption to disturb you by calling you."

"Hehehe, Mr. President, you are joking. I am just an old man who drinks tea and plays chess every day. Mr. President, please speak frankly."

“Alright, Patriarch Li, then I’ll get straight to the point. Bangzibao, I can do it with Samsung and give Samsung 20%.”

"What? Mr. President, I'm a little hard of hearing, I didn't hear you clearly."

Cui Dacheng knew that the other party was not satisfied with the profit-sharing ratio, so he gritted his teeth and said.

"Forty percent!"

"Hehehe, Mr. President, then I thank you on behalf of the younger generation of the Lee family."

After the two bigwigs reached an agreement, things were quickly put into practice.

Two days later, some observant people noticed something: in the details of Bangzibao, the bank that originally stated that the financial product was provided by Dabang Bank was changed to Dabang Bank in conjunction with Samsung Bank.

This discovery immediately attracted the attention of many people.

"Oh my god! What am I seeing? Samsung is actually selling Korean products together."

"This is something I didn't expect; the chaebol would actually give back to the people."

"Yes, I wasn't surprised by Big Bang Bank before, since it's an official bank. But now that a zaibatsu has joined in, I don't quite understand it."

"Hey bro upstairs, what's so hard to understand? It just means there's money to be made!"

"Wow, an 8% return? The bank still makes money? What about my previous 1%+ return?"

"What else could it be but being the sucker? Of course, you're the one who got the short end of the stick, even though I am too."

"Ahhh, I'll go and withdraw all the money from the bank right now and deposit it into a cost-effective investment account."

"Me too!"

Lin Chen smiled as he looked at the sudden surge in spending on Korean products.

As expected, making chaebols oppose each other is the most effective approach; as for the government, it's just a vanguard.

Choi Dae-sung hadn't expected that bringing in chaebols would have such an effect. He was a little unhappy before, but now he has completely accepted it.

The head of the Li family nodded and murmured as he listened to his subordinate's report.

"Brother Lin, is this your method? Turning real currency into a virtual currency that's easy to use, thereby undermining the foundation of the Korean economy. Interesting, very interesting. But aren't you underestimating us chaebols?"

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