Korean TV series: King of Peninsula 1997

Chapter 316 The New King of Jeju Island

After several days of planning and adjustment, the project plan was finally re-released, including a large film and television city, two large theme parks, and two resorts.

This was the first batch of projects, accounting for only about one-tenth of the development of Jeju Island. In terms of investment amount and profit sharing, the first project was funded by Kinmen Group with 60 million US dollars, and Li You personally invested 114 million US dollars, totaling 100 million US dollars. While holding 70% of the shares, he also held management and operating rights.

The Jeju City Government also took out some of the money here and there, but distributed a total of 30% to various government departments, including not only the Jeju City Government, but also some related departments such as the Korean Peninsula's tourism management department and the entertainment industry department.

Many of the ancillary projects were shared among the businessmen brought in by the city government officials. After all, the projects were very conspicuous and they could not get any benefits from the projects. These outsourced projects such as catering could bring them a considerable income, so Li You gave them to them without a hesitation.

Li You also asked Yin Xuanyou to run errands for him on the Korean Peninsula and set up a shell company, which was a pure profit-sharing company. Li You specifically took out 5% from the 70% equity owned by the Kinmen Group.

The nominal owner of this company is the Kinmen Group, but in reality, officials from Jeju City, the Ministry of Culture, Sports and Tourism, and a group of prosecutors from Jeju Island all earned income from it, and those who were not convenient to represent themselves had the income credited to their relatives.

Five percent may seem like a small amount, but in fact, it is a considerable amount of money that they receive every quarter.

After getting this benefit, these officials couldn't help but sigh that Li You's work was indeed flawless. No wonder he sat in his current position at such a young age. He was very adept at using both kindness and severity.

"Chairman Li," Secretary-General Quan was the first to lose his patience. He called Li You not for money, but because of Li You's erosion of Jeju Island's underground, "He has been very active recently."

"Secretary-General Quan, you're too polite," Li You said with a smile, "Is the reason you called me this time because of the incident on Jeju Island?"

"That's right," Secretary-General Quan said frankly, "President Kim allowed you to take over the entire Gyeonggi Province, but you were a little too hasty to take action on Jeju Island, and you shouldn't have let Zhang Dacheng go."

"Secretary-General Quan has misunderstood," Li You was somewhat helpless. These people all thought that they were wrong.
"Zhang Dacheng was really not one of my people who did this."

"Really?" Secretary-General Quan was stunned. "Could it be that the Japanese Yakuza were behind this?"

Li You sighed, "I was discussing business with Zhang Dacheng and he suddenly left the restaurant that day. Within an hour, I heard that he was dead."

He exaggerated a bit, "Secretary-General Quan may not know the situation at that time. Jeju Island was in chaos. There was even a gunfight between Zhang Dacheng's men and those gangsters. If it weren't for me, the prosecutors and police officers of Jeju Island would have a headache."

After listening to Li You's explanation, Secretary-General Quan was still skeptical. He nodded hesitantly, "I will explain it to President Jin, but you should know that your power is already too great. I suggest that you should not continue to expand it."

This is not what President Kim Min-jung said. Kim Min-jung just thinks that Lee You is taking too big steps and should expand more slowly. He still has a lot of intentions to take advantage of him.

Secretary-General Quan didn't know why, but he gave Li You sincere advice.

Li You laughed when he heard what he said. "Thank you very much for the advice, Secretary-General Quan. I will definitely consider it carefully."

"You," Secretary-General Quan shook his head, "If you have that confidence, just keep going. Maybe my vision is a little shallow."

After the two ended the call, Yoon Ji-woo brought in Zheng Jae-joong and Quan Jae-joon who were outside the door.

Li You glanced at them and asked, "Have they all been cleared out?"

"It's clean now," Jeon Jae-jun and Jung Jae-joong nodded, "We just need to transfer people from Seoul to take over those industries."

"With 'Past Day' here," Li You laughed, "how could they not want this money?"

"We will inform them and ask them to send someone over. We will still follow the same model as before, but this time we will own the store in Jeju Island and they will only have the right to operate it and receive dividends."

Yoon Ji-woo nodded and went to the other side to send notices to those 'former' leaders of Gyeonggi Province. Lee Woo stood up and followed Jung Jae-joong and Jeon Jae-jun to where they were holding the prisoners.

They are said to be criminals, but in fact they are people sent by the forces on the Korean Peninsula to gather information.

The place where these people were imprisoned was very special, right on the seaside.

The night on Jeju Island deepens, and the sea breeze, with a slight saltiness, gently blows across my face.

Li You's steps were steady and powerful. Quan Jae-jun and Zheng Jae-joong walked in front of him to lead the way, and there were guards from Kinmen Security behind them.

They walked along the dark alleys along the shore until a hidden dungeon came into view.

The dungeon was built on the rocks behind the hotel and was topped with barbed wire to prevent anyone from escaping.

The sea water surged under these people's feet, accompanied by the sound of waves lapping, which looked particularly gloomy in the night.

The interior of the dungeon was dark and damp, with several tungsten lamps emitting yellow light and casting long shadows.

Li You sat on the chair and looked around at the spies bound with chains. After only a few days of imprisonment, they were already ragged, haggard, and covered in the salty and rotten smell of sea water.

Quan Jae-joon handed Li You a lit cigarette. Li You took a deep breath, and the smoke drifted away with the sea breeze. His expression became even more unpredictable.

These people smelled the cigarette and looked up with fear and pleading in their eyes.

Li You smiled slightly and flicked the ash with his fingers, "Bring one for each family."

The sound echoed in the dungeon like a declaration of death.

Kinmen security personnel received orders and began screening people underground.

We don’t want those who are in good shape, because if they are in good shape, they cannot pose a threat to the forces behind them.

Don’t buy those that are in too bad condition, as they may fail halfway through if you don’t return them.

Waves of screams echoed in the space, and those that did not meet the conditions soon died down, and the blood gradually drifted away with the sea water.

The sea breeze continued to howl, and Li You just sat there, watching people being lifted out of the water one by one.

"There are six in total." Li You smiled and looked at Quan Zaijun, "Do you think they know that I have the final say here?"

Jeon Jae-jun lowered his head and said in a cold voice, "They have to know."

"You're right," Li You nodded and looked at the six people in front of him, "When we get back, tell your boss to keep his eyes open. Jeju Island has an owner."

"Understand?"

Looking at the six dirty heads in front of him, Li You shook his head, stood up and left the dungeon.

(End of this chapter)