Chapter 1125: The Untouchable Soo Jung Suk
When Xiao Peng returned home, Alfred was already waiting at the door. Seeing Xiao Peng getting out of the car while whistling a little tune, Alfred came up to him and said, "Sir, you seem to be in a good mood!"
"It's okay. I had a lot of fun extorting money from people there just now." Xiao Peng said.
"Rip off? What does that mean?" Alfred obviously didn't know the word.
Xiao Peng waved his hand and said, "You don't have to understand too much. It's enough that you can see that I'm very happy!"
Alfred nodded.
Van der Laupe asked, "Sir, do you need to change clothes?"
"Of course, I'll never go to a cocktail party like this again!" Xiao Peng said, looking around. "Where's Ilka?"
"She and her 'buddies' are in the attic!" said Vander Raupe.
Xiao Peng said, "Let her come to me. Don't hide in the attic all day!"
Ilka hasn't returned to school yet. Xiao Peng said he wanted Chen Zetao to help him solve Zhu Zhengshuo's problem, but Chen Zetao told him... there was nothing he could do!
He only knew that Soo Jung-suk was a rich second-generation, but he didn't expect that he was such a powerful rich second-generation: he came from a Goryeo chaebol family.
Why do the Koreans claim even the poop is theirs? Because this country is fundamentally abnormal!
Externally, they have no wartime military command authority, as the Americans control their army; internally, there are too many uncertainties, and the position of the Korean president is a high-risk one. To date, there have been 12 presidents in Korea. Apart from this one who is still in the opposition and whose fate is unknown, only two of the remaining 11 presidents had a "good end", while the rest were either killed, arrested, or committed suicide. . . . .
But let's be honest, what Goryeo did was truly the Goryeo style. Whether they were strong, they would bow down to the strong, or bully the weak, they would always choose the outcome that was most beneficial to them. As for face? They never cared about it.
It's like their military is controlled by the Americans, but why do they do that? Take 2013 as an example: that year, Korea's GDP was 1428 trillion Korean Won, while the defense budget was only 24 trillion Korean Won, with the Americans paying the bulk of the bill. The Americans have long wanted to return this command to them! Withdrawing the troops there would save money and sell weapons, which is killing two birds with one stone, but the Koreans refused to do it and would rather shamelessly rely on the Americans.
They understand that the Americans hold "wartime command," so when war is not declared, shouldn't we be in charge of the military? Isn't it good for us to use what others spend?
Well, it is not a good thing if this gets out, but when will we Koreans get our revenge?
Why are there so many uncertainties in their country? The reason is simply this: the chaebol economy is too powerful. The top five chaebols in Korea account for 85% of the country's economy, and the top ten account for 100%!
In fact, the existence of chaebols is not necessarily a bad thing for a country. After all, chaebols eat meat while most ordinary people can still drink soup. The government can use chaebols as an important tool to control the economy, but if chaebols are too powerful and concentrated, it will definitely make the national regime unstable. Therefore, the first problem that the President of Goryeo faces when he takes office is basically the chaebol problem.
Of course, their so-called "solving the problem" doesn't mean destroying the chaebols. Actually, someone did this before, and it directly destroyed an entire industry in Goryeo.
Goryeo was once the world's largest plywood producer, accounting for 15% of its total exports at its peak. The chaebol in this industry, known as Dongmyeong Timber, would still be considered a super-chaebol today, with interests spanning transportation, food, and even schools. They founded Busan Bank and Dongmyeong University. However, the then-president seized control of the company and nationalized it. After the dismantling of Dongmyeong Timber, the International Group became the largest enterprise in Busan. However, it soon fell foul of the president and was subsequently split up by executive order. This spelled the end for the Goryeo timber industry, turning it from a leading timber exporter into an importer.
Therefore, the best way for Goryeo to deal with the chaebol is not to solve it, but to separate the ownership and management rights of the chaebol heirs. This is what they have been doing.
And Soo Jung Suk belongs to the 'Yeojin Group', one of the five major chaebols.
Samsung is undoubtedly the most famous chaebol in Korea. It's said that the three things every Korean can't escape are taxes, death, and Samsung. Companies like SK, LG, and Hyundai are larger than Yeojin, but the most legendary chaebol in Korea is definitely Yeojin Group.
The Lijin Group's rise to prominence can be summed up in two words: American. They transported supplies to the Americans during both the Korean War and the Korean War, growing from a single truck into a major conglomerate—all beginning with Lijin's founder repairing a car for the wife of an American military officer.
Currently, the Lijin Group controls over 70% of all Koryo's land, sea, and air transportation. Lijin Group comprises four major businesses: Air Koryo, Lijin Heavy Industries, Lijin Shipping, and Lijin Finance. Each of these is headed by the founder's four sons, all of whom were once among the most powerful figures in Koryo.
However, the situation of Lijin Group has been a bit bad in the past two years: Lijin Shipping, one of the four pillar industries, has gone bankrupt, and Air Koryo, owned by the eldest son, has also suffered damage to its reputation due to a stock market crash caused by an incident.
At the time, his eldest son appointed his daughter as the group's vice president. She was flying first class on their airline and flew into a rage when the flight attendant handed her a bag of nuts but didn't open it for her. In fact, their employee handbook clearly prohibited employees from opening nuts for customers. As the group's vice president, she wasn't aware of this, but after reading the handbook, she persisted, insisting it was the flight attendant's fault. She eventually caused a scene in first class, delaying the flight for over an hour, along with over 200 people on board. The flight attendant, determined to save her job, knelt down and apologized.
This incident also caused an uproar. She first apologized, and was finally sentenced to ten months in prison for disrupting aircraft order - suspended for two years.
So why couldn't Su Jung-seok be moved? Su Jung-seok is the grandson of his second son, and what does his second son run? Yeojin Heavy Industries, Korea's fourth-largest shipbuilding company and one of the top ten in the world.
How could a company ranked among the top ten in the world be underestimated? Furthermore, their primary clientele was Europe, specifically France! Therefore, Chen Zetao naturally couldn't fulfill Xiao Peng's wish to force Zhu Zhengshuo to "get out of Paris X University."
But what about now? Billy and Zhang Qikun have already returned to France—this time, Xiao Peng's offer is nothing short of outrageous. Of course, he couldn't forget about Zhu Zhengshuo!
However, even when France's order for four 10,000 TEU container ships was canceled, Koreans were still puzzled - what exactly went wrong?
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