Korean TV series: King of Peninsula 1997

Chapter 393 Catch Me?

One month later, Shunyang Securities office.

"Shit!!!" Chen Dongji threw things on the table wildly, "Shit!!!"

After throwing countless things on the table, he finally sat down in his seat, breathing heavily, and looked at the secretary in front of him who also had a bitter face.

"KOSPI has rebounded continuously in this month," Chen Dongji pointed blankly at the only remaining computer on the table, "Is this reasonable?"

“Does it make sense that the number of people who died in the terrorist attack in downtown New York City, which killed more than 3,000 people, would start to rise in the same month?”

"Even the KOSPI200 futures index surged because of the stock market."

"Where the hell are all those people who are talking like a war is about to start?"

"Why is the country so peaceful and prosperous?"

Chen Dongji's face was full of disbelief. He covered his face with his hands, feeling a little desperate.

The market was completely contrary to his judgment, and his actions, which were intended to reduce losses, ended up maximizing his losses.

Now he is not only bleeding heavily and suffering serious injuries, but even Shunyang Securities is going to be acquired.

The secretary looked at his face and gritted her teeth, "It is very likely because the US Federal Reserve cut interest rates, which increased market liquidity."

A lot has happened in this month.

For example, KOSPI is the main stock market index on the Korean Peninsula, representing the performance of the largest and most active stocks on the main board market.

In the days when the terrorist attacks occurred, a large number of individuals and companies were selling their assets, but right after they sold their assets.
There was indeed a sharp drop in the days after the terrorist attack, and Chen Dongji was complacent at the time, as he had reduced his losses. However, as the KOSPI index skyrocketed, it hit the daily limit in succession within a month, and has even now exceeded 540 points.

This is an all-time high.

Chen Dongji stopped laughing.

Because just last month, in August 2001, South Korea repaid its IMF loan, that is, the loan from the International Monetary Fund, ahead of schedule.

The so-called IMF loan was caused by the Korean financial crisis at that time.

When the financial crisis hit the Korean Peninsula, American capital withdrew in droves, and some overseas banks forced the Korean Peninsula government to repay its debts.

South Korea's huge foreign debt far exceeds its foreign exchange reserves.

As a result, overseas banks stopped lending to the Korean government and companies, and many Korean companies went bankrupt.

It was from that time that Shunyang Group suffered a severe blow.

The stock market crash also exacerbated domestic panic, with people selling stocks and the South Korean stock market plummeting by 70 percent within a few months.

Even the Korean government was forced to abandon the fixed exchange rate of the won against the US dollar, and it depreciated sharply, depreciating by half in just one week, and decades of development achievements were almost wiped out.

When the wealth accumulated after years of hard work was about to evaporate, the real mastermind began to surface.

After seeking help from all parties to no avail, South Korea finally turned to the International Monetary Fund for help.

Although they can save the Korean Peninsula with the US dollar, it is the executioner of capitalists and a weapon for Western countries to fleece the sheep.

A series of stringent reform demands have been put forward, and no financial support will be provided if they are not met.

The government of the Peninsula felt like it was negotiating with a gun pointed at its head. Their demands were tantamount to plunder, but it had no choice but to accept them with reluctance.

Just last month, all the loans were paid off.

"How many companies in this country are making money?" Chen Dongji looked at the secretary blankly.

"Two," the secretary glanced at Chen Dongji, "not the vice president's side."

"That's not bad," Chen Dongji said with a helpless smile.

The secretary swallowed and said, "It's the Golden Gate Group and Miracle Company."

Chen Dongji was silent. He stared out the window for a long time in a trance. When he came to his senses, he patted his head gently, "Li You and Chen Daojun."

"It's them."

As the stock market rebounded and South Korea liberalized its capital market, a large number of people emerged who wanted to invest with higher interest rates than banks. Stimulated by these factors, the fund products of Kinmen and Miracle continued to rise.

Although Kinmen’s fund products started late, it has the advantage of strong backup funds and can make huge profits in the market.

The total amount of Kinmen’s fund products has now exceeded 4 trillion won.

Although slightly inferior to Miracle, it has also exceeded 2 trillion won.

With the cooperation of Chen Daojun and Li You, they have become a real giant.

Just when Chen Dongji was feeling emotional, he was struck by a bolt from the blue the next day and was completely stunned.

On October 12, Lee Woo, chairman of the Kinmen Group and one of the most brilliant young business elites in South Korea, was taken away from his office by the Supreme Prosecutors' Office of South Korea on suspicion of being involved in the September 10 bombing.

Once they investigated, they found out that it was a chief prosecutor of the Daying Group in the Grand Procuratorate and the prosecutors in the Daying Group camp who did it.

The Korean Peninsula was thrown into chaos in just one day, but even so, the stocks of Kinmen Group continued to rise steadily. Although those hungry wolves who had been prepared in secret were ready to move, no one dared to act until Li You was really defeated.

In fact, whether it was Chen Dongji or others, the reaction of the Kinmen Group was very strange. There was no sense of confusion as if they had suffered a sudden blow. Instead, they were very organized.

On October 1st, Ding Qing was officially appointed by Li You as the vice president of Kinmen Group. Less than five minutes after Li You was taken away, all the news media in Seoul received a notice ordering them to participate in the Kinmen Group's press conference.

At the press conference, Ding Qing grinned, showing no fear. In addition to denying all charges, he even threatened in the media, "If our president is treated unfairly in the procuratorate, the consequences will be borne by himself."

Even the media attending the press conference were shocked. After the press conference, Mou Xianmin, starting with Xiancheng Daily, led the entire digital media city under Li You to start firing at the Procuratorate and the Blue House.

I openly question whether the current judicial system on the Korean Peninsula has become a private tool of the Daeyong Group, persecuting opponents without any evidence just because of business competition.

Mou Xianmin ridiculed Zhu Mengyong on the show, "Daying Securities lost so much money in this market fluctuation. Seeing that my fiancé is running the business well, it's obvious that he is jealous."

"He inherited the Daying Group when he was almost 40 years old due to the death of Chairman Zhu Rongyi. He is indeed old and incompetent."

Not only the media, but also the real industries on the Korean Peninsula have been greatly affected.

Within an hour after Li You was taken away, construction teams under the Kinmen Group across the Korean Peninsula went on strike.

The Jeju Island Film and Television City and Resort project, which is under construction, has been half built. Long Da, who is in charge of the Jeju Island project, simply quit. After failing to persuade him, the mayor of Jeju City directly and openly fired at the current Attorney General and Minister of Justice.
It was not just a simple protest or complaint, but a direct scolding of the two people.

He had to curse. He had been counting on these projects in Jeju Island to become the brightest star in his political achievements. He had also taken a lot of money from Kinmen. If he didn't stand up now, when would he stand up?

The same situation applies to the hot spring project in Asan City. Mayor Lee of Asan City is a direct descendant of the Jeonju Lee family. The hot spring project has only just started construction, but now the construction team in Kinmen has gone on strike. Many people have even turned into gangsters and surrounded the construction projects. No one dares to start work privately.

Mayor Lee, who has the support of the Jeonju Lee family, called Lee Lianchang directly. Lee Lianchang is a member of parliament who will participate in next year's presidential election and the leader of the Grand National Party. Not only does he have a good relationship with Lee You, but now he has to rely on the Kinmen Group to provide a large amount of campaign funds.

For Li Lianchang, this action by the Supreme Procuratorate was even more unacceptable.

When Li Lianchang openly proposed in the National Assembly to reduce the power of prosecutors, unexpectedly, the Korean Peninsula National Police Chief and the Minister of Justice, who were specially invited to attend, both voted in favor.

When the Attorney General heard the news, he almost fainted.

If Li Lianchang had serious political enemies, the Daying Group might be able to bribe them and oppose them in Congress.

But here lies the problem
The person participating in the next election is Roh Moo-hyun, who is favored by Kim Min-joo. This person is very special. He is very tough. Although his political acumen is average and he even insists on taking the path of moderate reform, it does not affect his status as a tough guy.

To everyone's surprise, even Moon Jae-yoon, who was far away in Busan, felt helpless when Roh Moo-hyun expressed his support for Lee Woo without even saying hello.

It would have been fine if the opposition party only expressed support, but the ruling party also began to support Lee Woo. Although President Kim Min-jung did not say a word to the public, his secretary-general Jeon spoke on his behalf.

"The President did remind the Attorney General and the Minister of Justice to do their utmost to solve the assassination case of Chairman Zhu as soon as possible, but he did not expect that this would become an excuse for some people to take advantage of the judicial organs."

This overwhelming support on the day of the incident also shocked senior figures across the Korean Peninsula.

Zhu Mengyong was in a dilemma. He had originally instructed to bring Li You in because he was hoping that the Kinmen Group would cause chaos. After all, the power of the Kinmen Group was concentrated in one person, and without a backbone, there would be chaos for at least a few days.

This way they can also take the opportunity to extend their reach to Kinmen.

But with so many officials collectively expressing their support, the situation becomes a bit delicate.

Not only is there no internal unrest in the Kinmen Group, but it is even taking the opportunity to build momentum and is now beginning to attack their own camp.

Although many people knew that this was most likely done by Li You, he was arrested too recently. Even if Li You just covered it up a little, it would be impossible to find evidence in such a short time, not to mention that the manor had been bombed clean, and no valid evidence could be found at all.

Not only that, once the news came out, it became a worldwide sensation.

When the San Francisco City Hall in the United States was alarmed, it took the lead in protesting to the Seoul City Government.

Li You opened the Golden Gate PMC company in San Francisco, and An Shangjiu was in charge of it. He was not there to do it for free.

An Shangjiu managed San Francisco almost perfectly. Privately, every city hall and even officials from the police station and other departments have received the "specialties" sent by An Shangjiu, all for today.

Following the lead of San Francisco City Hall, New York City Hall directly protested to the Korean government for a simple reason.
A month ago, among all the companies on the Korean Peninsula, only the Golden Gate Group donated US$6 million to the victims in New York, and even Li You himself donated an additional US$4 million.

"New York City regards the Golden Gate Group and Chairman Li as its closest friends."

Spending money really does work.

The Korean Peninsula is already somewhat overwhelmed at this point, not to mention that Amy, who represents the CIA, has already requested all the base chiefs of the US military bases on the peninsula, and they are unanimously putting pressure on the Korean Peninsula government.

In addition to the base commander, there are of course more important figures on the move, such as the commander.

When he personally visited the Secretary of Defense and repeatedly expressed that he did not want his loyal friends who had helped the American people to be persecuted, the Secretary of Defense was dumbfounded.

He was happily eating the melon, but now the food is eaten by himself. No one would be happy about it.

Although everyone dislikes the US military stationed in South Korea, any move by the commander of the US military in South Korea can really make many people feel afraid.

The pressure they brought to the peninsula was no joke. For a moment, the entire Korean Peninsula was shaking.

Judging from the situation... the resignation of the prosecutor in charge of the case is almost a foregone conclusion, and it is possible that the Attorney General will also be affected.

Li You might not stay in there for more than two days, and afterwards he would use his anger to settle accounts with many people.

The prosecutor in charge of the case was in a difficult situation. He had no evidence and just followed Zhu Mengyong's arrangement. He wanted to take Li You in for a few days so that Zhu Mengyong could take action against the Kinmen Group from outside.

But now, it's all over.

What is even more surprising to the prosecutors of the Big Camp is that, together with the Russian side, they also put pressure on the Korean Peninsula government.

The Russian arms dealer Yule is very anxious now. He has finally found such a big customer who is willing to take over so many veterans. He cannot let Li You go bankrupt.

He is not seeking profit for himself; he is working for the current Minister of Defense, who in turn is working for President Vladimir, who has just taken office.

Thinking so, Yur began to report the matter to his superiors, first to the Minister of Defense, and then the Minister of Defense reported it to the always tough Vladimir the Great.

When this friend who helped ease the country's economy was being persecuted, he directly sent an email from the Ministry of Foreign Affairs to the face of the Peninsula's Foreign Minister.

President Kim Min-jung was also confused. He didn't know when Li You had established relations with both countries, and it seemed that the relations were good.

"I really did," Kim Min-jung realized that he had gone too far, "and allowed a monster to grow in our country."

(End of this chapter)