This outrageous proposal actually received more than half of the votes.
Even though everyone knew in their hearts that Samsung was the culprit causing Bangzibao to lose 100 million every day, they still voted in favor.
This is the power of Samsung, the number one conglomerate in South Korea!
Lin Chen knew that there was probably no turning back now.
He sat on the toilet with his phone in his hand, starting to think about what to do next.
From a purely business perspective, cooperating with Samsung is better than cooperating with Choi Dae-sung. Choi Dae-sung, this South Korean official, is actually just a puppet official who is nothing in front of the chaebol.
But Samsung is different. Samsung is the number one conglomerate in South Korea, and Samsung alone accounts for 20% of South Korea's GDP!
It's fair to say that in South Korea, Samsung is like a local tyrant.
Lin Chen just didn't want to cooperate with Samsung. He didn't even want to do financial management in South Korea in the first place, but when Choi Dae-sung came to him, he had a sudden inspiration and came up with this virtual currency plan.
Who would have thought that Cui Dacheng was also useless, unable to even protect such a small amount of property.
Just as Lin Chen was about to give up on the Korean market, a very bold idea suddenly popped into his mind.
If Cui Dacheng can't do it, how about Xiao Rizi?
He thought about it carefully and found it increasingly feasible, but he needed to modify the original plan.
Originally, he planned to convert South Korea's real currency into virtual currency, preventing the chaebols' money from flowing back into their pockets, disrupting the chaebols' economic cycle, and causing losses to South Korea. However, due to the incompetent Choi Dae-sung, Samsung has directly cut off this path.
If Samsung simply takes over the Korean entertainment industry, it means that the money from the conglomerates flows out and ultimately ends up in their pockets. Isn't that still a closed economic cycle? So what kind of loss would it cause?
But if we merge the Korean and Xiao Rizi sections of the overseas version of Huasuan Pay, wouldn't that divert the money out of the country?
Some people might ask, "These are two different countries, how can you buy financial products across borders?"
This is actually quite common in reality. For example, those who speculate on US stocks or Hong Kong stocks are essentially engaging in cross-border wealth management in disguise.
However, it's even simpler for Lin Chen.
I didn't use real currency to buy financial products; I used Douyin coins!
Strictly speaking, people using Douyin coins to buy financial products can't really be considered buying financial products; it's just a game.
Those who truly invest in wealth management products are those who opt for cost-effective payments.
Huasuan Pay could easily buy wealth management products across borders for users, since it has branches in South Korea and Xiaorizi. After the purchase, Huasuan Pay would convert the profits into Douyin coins and give them to the users.
This is a benefit that Huasuan Pay provides to its users, just like gold coins given to you in a game, so how can this be considered buying wealth management products?
Lin Chen acted immediately upon thinking of it, sending his idea to Zhang Yiming and asking him to implement it.
When Zhang Yiming received Lin Chen's message, he was astonished. How could his boss have come up with such a cunning plan? It was a blatant attempt to provoke conflict between the financial magnates and conglomerates of the two countries.
"Boss, you're amazing! How did you come up with that idea?"
"You might not believe it, but I came up with this while I was taking a dump."
"..."
Zhang Yiming didn't want to discuss this sensitive topic with Lin Chen anymore. He sent a message to Zhang San, asking him to schedule a video conference with the three banks he was cooperating with: Mitsubishi Bank, Sanjin Zhuyou Bank, and Postal Savings Bank.
Zhang San replied quickly, agreeing to meet at 10 a.m. the next morning.
The next day, Zhang Yiming arrived at the conference room and opened the video conferencing software. Zhang San and representatives from the three banks were already in the conference room.
Zhang Yiming spoke up.
"Gentlemen, we at Huasuan Payment have enjoyed a very pleasant cooperation with you over this period of time. On behalf of Xingchen Technology, I would like to express our gratitude to you."
Representatives from the three banks repeatedly expressed their humility.
"No, no."
"Mr. Zhang, you're too kind."
"We should be thanking Huasuan Payment."
After receiving the meeting notice, the three representatives had already learned about Zhang Yiming and knew that he was the second-in-command of Xingchen Technology, a behemoth, and one of the most trusted people by Xingchen Technology's founder, Lin Chen.
Xingchen Technology is the largest internet company in China, and its strength is self-evident. They are not people to be trifled with. Moreover, they have made a fortune through Huasuanbao recently, and they have a very good impression of this partner.
Zhang Yiming continued.
"Some time ago, in response to the enthusiastic calls from the South Korean people, we also launched a cost-effective financial management business in South Korea. However, as you know, South Korea is a place where the chaebols have the final say, so so far it's been quite chaotic."
Therefore, after careful consideration, our headquarters decided to merge the Korean section and the "Little Life" section of Huasuan Wealth Management. This means that Koreans can directly purchase financial products from the "Little Life" section on Huasuan Wealth Management, and vice versa.
These words caused an uproar among the representatives of the three banks.
This is unprecedented. In the past, Koreans and Japanese people would never buy each other's financial products, let alone do this. It would be considered very polite if they didn't fight when they met. Attacking each other's ancestors online was just the norm.
However, upon calming down and thinking about it, this may not be a bad thing. As we all know, although South Korea only has 50 million people, it is one of the few developed countries in Asia.
What does this mean? It means you're rich!
Although there is a large wealth gap among the South Korean people, and most of the money is concentrated in the hands of chaebols, there are still a group of wealthy people who are not chaebols.
Moreover, if the wealth management products of the three major banks can be sold to the people of South Korea, then no matter how much they earn, it will be extra income!
Then, the three representatives spoke up one after another.
"I agree."
I agree.
Me too.
Seeing that all three banks agreed, Zhang Yiming continued.
"But there's a problem now. The financial products in the Korean area are a bit different from those in the Xiao Ri Zi area. First, the financial products in the Korean area cannot be withdrawn; purchases and interest are all in the form of Douyin coins. Second, the current product yields in the Korean area are higher than yours."
"Mr. Zhang, what's the current rate of return for Korean products?"
"Eight percent!"
"Hiss!!! Are they crazy? Aren't they making money anymore?"
The three representatives all looked incredulous. Having all come from the banking industry, they knew very well what an 8% return meant. After deducting costs, the bank not only didn't make a profit, but actually had to pay out of pocket.
Unless... the market is big enough!
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