"Hiss! As expected, America is ruthless. In their eyes, the Koreans and the little ones are just two pawns."
"How are your preparations going with the Koreans? Do you need any official assistance?"
"Not for now. I've already contacted several other conglomerates and we're planning to mess with Samsung when the time comes. My goal isn't to cripple the Korean economy, but just to stir things up."
"Okay, then you do it. Just let me know if you need anything."
"Okay."
After hanging up the phone, Lin Chen prepared to take action against the Koreans.
Three days later, the overseas version of the Korean financial management app also ceased operation.
Lee Dae-soon, the president of Samsung Bank, rushed into the Lee family manor.
"Master, something terrible has happened!"
Li Chongming smiled faintly.
"Calm down, did Lin Chen make a move?"
"Yes!"
"Following our previous plan, contact the authorities and begin the operation."
"clear."
Samsung reacted quickly and immediately contacted the official channels.
Since Samsung and the official company had already discussed countermeasures, there was no need to panic.
An official press release stated that all individuals who purchased Bangzibao through Huasuan Wealth Management can register their bank card number on the official website.
At that time, the authorities will transfer the lost money to the account provided.
As soon as the announcement was released, the South Korean public was not panicked at all. It turned out that the authorities already had countermeasures in place. Let's take a look at the situation on the other side.
So, while filling in their bank card numbers, the South Koreans also took the opportunity to mock their lives on Facebook.
This really infuriated Xiao Zi.
Why are the Korean government's official statements so prescient? The Japanese government's official statements are like a pile of dissertations.
Then, the protests against the daily routines became even more frequent.
The officials are in for a major headache; they went to the Chinese embassy, but couldn't win the argument.
Go to the US embassy, and they keep delaying you.
He took action himself, but he still got beaten up by the public.
This is really too difficult.
They also want to give money to the people like the Koreans, but they don't have the data. They have no idea how much money each person has deposited in their wealth management products, so how can they distribute it?
The problem isn't scarcity, but inequality; otherwise, it will lead to a new round of conflict.
The representatives of the four major conglomerates were surprised to see Samsung act so quickly, and then they went to find Lin Chen.
"President Lin, Samsung's reaction was too fast! They didn't give us any chance at all."
Lin Chen was not flustered at all; he already knew the Koreans' current response.
"Don't worry, we still have the junk."
"Trash? What?"
“People will protest if they don’t have money, but they will also protest if they have too much money. After Samsung officially distributes the money to the people in a few days, I will open up the Korean section of the Huasuan Finance APP and also enable the cash withdrawal function. Then, hehehe.”
"Hiss! Mr. Lin, if you do this, the public will definitely withdraw their money immediately, and Samsung will suffer huge losses."
"Samsung suffered heavy losses, so your opportunity has come. Hurry back and prepare."
"Okay, Mr. Lin."
The efficiency in South Korea is very high. Basically, after the people fill out their bank card information and verify that everything is correct, the money will be transferred to them.
A week later, almost all the people had received their lost money and were overjoyed.
Just then, some people were surprised to find that the Huasuan Wealth Management APP was working again, and Huasuan Wealth Management even issued an announcement.
The announcement stated that due to ideological differences between Huasuan Wealth Management and Samsung, it has decided to withdraw from the Korean market. Now, a withdrawal channel has been specially opened, hoping that users can withdraw the Douyin coins stored in Huasuan Wealth Management to their bank cards within three days.
The South Korean people were stunned at first, then overjoyed!
Wow, this is like a windfall! The official has already compensated me for this money, and now the investment platform allows me to withdraw the funds. This is just too awesome!
We only have three days, so let's hurry!
Lee Chong-ming also received news that Huasuan Wealth Management had resumed operations, and he summoned Lee Dae-soon, the president of Samsung Bank.
"Da Shun, what impact will this cost-effective wealth management operation have on us?"
Li Dashun said with a solemn expression.
"The impact is huge, extremely huge!"
"Oh? What do you mean?"
"Master, this operation by Huasuan Wealth Management is essentially giving the people's money away again."
For example, if a citizen originally deposited one million Korean won in a wealth management product, and the government subsidized it once, he suffered no loss. Now, with another subsidy from the wealth management product, his money is effectively doubled.
"Isn't this a good thing?"
"No, this is just one ordinary citizen, but patriarch, the money in the 'Affordable Investment' fund is in the tens or hundreds of billions, which is equivalent to the entire country having tens or hundreds of billions more in money! This is a harbinger of inflation, and it could easily lead to a financial crisis!"
"Is it that serious?! Is there anything we can do?"
Li Chongming, after all, did not have an economics background, so he trusted Li Changshun's words more in this regard.
But to everyone's surprise, Li Changshun shook his head.
"The money is already in the hands of the people. Even if they spend it, it won't be less. So the total amount of money in South Korea has increased. As a result, the purchasing power of the Korean won will decrease, which will lead to a series of social problems."
Unless the government sets the prices of existing goods too high, forcing the public to transfer the extra money to the government for centralized destruction.
“Alright, I’ll go talk to Cui Dacheng myself.”
Li Chongming picked up the phone on the table and called Cui Dacheng.
"Mr. President, you are aware of the current situation, aren't you?"
"I already know. Hmph, Patriarch Li, you squeezed me out, and this is the result? That's it? That's it?"
"Mr. President, there's no need to mock me now. Resolving this crisis is the most important thing right now."
"Solve it? It's simple. All we need to do is destroy the extra money in the Korean currency. Samsung will cover the cost, and then we'll destroy it ourselves. That should solve everything."
Li Chongming frowned. The logic was sound, but if he agreed, he wouldn't be a tycoon.
The mentality of chaebols is that the money should come from the people, why should a chaebol like me pay for it? Anyone who dares to touch my money, I'll beat them to a pulp!
"Impossible! Why should Samsung pay for this?"
"Isn't this all the work of your Korean bastards at Samsung?"
"What a joke! This whole thing was clearly orchestrated by Lin Chen, and Bangzibao was actually created by you, Cui Dacheng."
"Hehehe, Patriarch Li, aren't you ashamed to say that? It's true that I created it, but who used every means to squeeze me out and monopolize the Korean treasure?"
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