Korean TV series: King of Peninsula 1997

Chapter 470 Conspiracy
After Li Lianchang took office, the Daegu subway arson case was soon resolved.

On the day after the inauguration ceremony, the Daegu police arrested the drivers of the two trains, and six senior executives of the Daegu Metro Company were also taken away for investigation. The president of the Daegu Metro Company even resigned, and the board of directors voted to re-decide on the candidate for president.

However, after the court trial and the results were made public, the people of the Korean Peninsula were outraged and began to petition for the death penalty for the criminal Kim Dae-han.

In particular, the injured and the families of the victims expressed that they could not accept such a sentencing.

Because Kim Dae-han was only sentenced to life imprisonment for arson and murder.

This result neither meets the requirements of the victims nor even of Jin Dahan himself, who only wants a quick death.

However, considering Jin Dahan's mental condition, the court ultimately upheld the original verdict.

The two drivers were sentenced to four and five years respectively for dereliction of duty.

After the criminals are tried, there is still work to do to deal with the aftermath.

This is because Daegu Metro Company only insured a total of 10 billion won for major accidents.

The amount of money distributed to the families of the nearly 200 dead and the more than 200 injured was pitifully small.

In this accident, the family of each deceased person can only get 7 million won (more than 40,000 yuan) in compensation, and the injured can get even less for medical expenses, as little as 35,000 won (200 yuan).

This amount of money is not enough for comfort and treatment, let alone burial.

After Li Lianchang took office, he personally instructed the Ministry of Construction and Transportation of the Korean Peninsula and the Daegu Municipal Government to jointly establish a post-disaster relief team.

They provided an additional 3 million won to the families of each deceased person, totaling 10 million won. The funeral expenses were paid by the Daegu City Government, and medical subsidies of 350,000 won (2,000 RMB) were provided to the injured who were being treated every day.

The major chaebols in Seoul also demonstrated their humanitarianism at the right time.

Tianxia, ​​Kinmen, Daying and Shunyang jointly organized a fundraising campaign for the victims. With their lead, companies from all over the country that were related to the four companies began to donate more or less to earn a good reputation.

In the end, each of the 400 victims received an additional subsidy of more than 10 million won.

For a time, the image of the chaebols was not as terrifying as the rumors said.

Li Lianchang also specially convened members of parliament and proposed to establish a new department, the Fire and Disaster Prevention Bureau, on the Korean Peninsula to increase protection of the lives and safety of citizens.

Not surprisingly, no one voted against it at this juncture.

Li Lianchang also announced in his speech that they would begin writing the "Basic Law on Disaster and Safety Management", which will cover a series of subway safety regulations.

Even the Central Road Station, which had caught fire, was specially allocated by Li Lianchang and prepared to rebuild it at great expense.

This subway arson case also sounded the alarm for cities with subways around the world, prompting them to pay more attention to subway safety and even re-examine existing safety systems and emergency command systems.

The Seoul Metro Company has added fire-fighting equipment to each subway station and carried out a series of emergency training for employees.

But inevitably, public transportation on the Korean Peninsula began to fall out of favor.

Many people would rather buy a used car and drive it on the road themselves than take the more convenient and faster subway, not to mention the bus.

Li You and the Kinmen Group also had a period of peaceful time.

But soon after, Li You took the initiative to find Chen Rongji and proposed to acquire Shunyang Automobile.

"Chairman Li wants to acquire Shun Yang Motors?" Chen Rongji listened, and there was even a hint of joy in his eyes, "Just because of the recent decline of public transportation, Chairman Li is going to seize this opportunity?" He couldn't believe it. After all, everyone knew the situation of Shun Yang Motors.

It is just a name, but in reality.
The employees had almost all been fired a long time ago, and there might still be a few accountants and lawyers working on the liquidation.

The factory closed down early, and the top-notch assembly line that Chen Yangzhe had invested heavily in was covered in dust. It had not produced Shunyang cars for a long time.

Chen Rongji even just took a look at the price offered by Li You and signed it without hesitation.

No matter how small a mosquito is, it is still meat. For Shunyang Automobile, which is in such a shabby state, it is only worth some money if the factories closed down in various places are worth it. What's more, what Li You gave is not too little. The price of 10 billion won is beyond Chen Rongji's imagination now, but when Chen Yangzhe was here, it would definitely break Chen Rongji's legs completely.

Chen Rongji signed the agreement, which meant that the ownership of Shunyang Automobile was completely in the hands of Li You.

"President Li is so optimistic about Shunyang Automobile?" Chen Rongji couldn't help but ask, "Even if Shunyang Automobile is run by President Li again, will Daying Automobile and Tianxia Automobile allow Shunyang Automobile to enter the market?"

Li You just smiled simply and didn't explain so much to him.

The Korean Peninsula is not that big, and the domestic market is limited. Even if you try your best, what can you do?

Li You just wanted to take advantage of the revival of the automobile industry and gain a reputation in China. There is also a huge market abroad.

In fact, what Daying Auto and Tianxia Auto are currently competing for in the domestic market is not the so-called market share, or the market share is just an appearance. What they really value is the national popularity represented by the market share, which means their control over the domestic market.

But the reality is that even Daying Group’s first self-developed car was not popular in China, but was exported to many Latin American countries, grabbing the local market with cheap prices.

This is also why, when Jiang Renjiu was in Suriname, he claimed that after working in the camp for many years, former Surinamese national adviser Delano suddenly looked at him differently.

What really makes the Korean Peninsula's automotive industry profitable is exporting cars to foreign markets.

Not only that, the Korean Peninsula government has been continuously raising tariffs and strictly restricting foreign car companies from entering South Korea in order to provide a comfortable growth environment for local car companies.

Otherwise, the Korean Peninsula's automobile industry would not have occupied its place in the world today.

Li You is not like Chen Yangzhe. Chen Yangzhe has an obsession in his heart and must want to squeeze Daying Automobile out of the market in China, because Chen Yangzhe was not short of money at that time.

But Li You would directly choose to export overseas, especially since Suriname has a very close relationship with him now. The local Suriname Kinmen Heavy Industries has provided jobs for countless Surinamese people, allowing them to no longer work in the drug industry.

Suriname is located on the east coast of South America, where trade is extremely convenient and is very suitable for exports.

Besides, Li You had opened his third eye, and the Iraq War was about to break out in less than a month.

Once a large-scale war breaks out in the Middle East, it will directly affect the world's oil supply and begin to cause shock waves in the global economy, with car companies being the first to bear the brunt.

This impact will of course also affect the Korean Peninsula, which does not produce oil itself and is completely dependent on imports.

When the Iraq War causes temporary damage to oil production, it will also cause car companies on the peninsula to temporarily stop and start observing the situation.

But Li You doesn't need it. While they are waiting, he can use Suriname's oil to promote the development of Sunyang Automobile in the Korean Peninsula. He doesn't need to develop too much, just need to have a place.

Once the United States wins with absolute advantage and takes control of the situation, oil prices will gradually calm down.

Li You touched his chin. This was not only an opportunity for Li You to extend his hand into the automotive industry, but also an opportunity for Li You to extend his hand into domestic heavy industry.

(End of this chapter)