Korean TV series: King of Peninsula 1997

Chapter 662 Forced
"It seems that I can't hide what happened today from Chairman Li." After thinking about it, Jin Yongjun made the best choice for himself and put on a submissive attitude. "What do you need me to do?"

"What are you doing?" Li You looked Jin Yongjun up and down.

Jin Yongjun sat upright, staring seriously at the coffee table in front of Li You, not looking at Li You.

Li You looked at him for a while, then leaned back on the sofa and said, "If I really ask you to do something, will you do it?"

"Now that I am living under someone else's roof, I will do it regardless of whether I should do it or not."

"The premise is to let you out," Li You chuckled.

Kim Young-jun did not hide his desire, "Yes"

"To be honest with you, President Li, I really can't stay here any longer."

"You've worked really hard these days," Li You didn't agree to him right away, "but with Tianxia Group here, I believe the warden won't treat you unfairly."

Jin Yongjun lowered his head and became worried again.

"I always make things easy for people, whether they are my partners or competitors," Li You swung the glass of wine that the warden had poured for him before leaving, not a drop of the expensive wine was left. "My partners will think I am efficient and get more benefits, while my competitors will suffer more losses."

"I have discussed this with President Jin, but it's a pity."

Li You shook his head. "He is unwilling to sell me the shares of Tian Xia Airlines, so you can only handle your matter impartially."

Jin Yongjun knew that although Tianxia Airlines was affiliated to Tianxia Group, Tianxia Group could not have the final say in Tianxia Airlines. Tianxia Group held 26% of Tianxia Airlines' shares. Together with the shares privately held by Jin Jianying and other shareholders, the shareholding just exceeded 50%, thus achieving controlling stake.

"Just do your job." Jin Yongjun instinctively felt that something was wrong. After pondering it in his mind, he suddenly understood what it meant. This really meant that he would be sentenced to six years in prison.

And it was his own father who abandoned him.

"I have to remind you," Li You put down the glass of wine, "since the cooperation has not been reached, the prisoners must behave like prisoners. The Tianxia Group is not allowed to use the good relationships it has built in this prison."

Kim Young-jun is now very clear about how difficult prison life is. If the special treatment he is getting now is removed, he is still the most despised type of criminal in prison. In addition, the criminals on the Korean Peninsula generally hate the rich.
It was hard for Jin Yongjun to imagine what good could come of his small body.

It turns out that he is not only in prison now, but also in the prison run by the Golden Gate Group.

"If Chairman Li wants to do this, there is no need to come here to see me, a prisoner," Jin Yongjun said with a wry smile, "You think my father will not agree to sell Tianxia Airlines shares, but I will do this"

"right?"

As he spoke, his voice began to get lower.

At the end of his speech, Jin Yongjun closed his mouth, with a hint of uneasiness on his face.

Li You looked at him with a playful look, "Since you have guessed that I want you to do this business with me on behalf of Chairman Jin, do you have any good ideas to convince your stubborn father?"

"." Jin Yongjun was silent for a while, but still shook his head.

"What qualifications do I have to convince him?" Jin Yongjun held the cup that Li You pushed over with both hands and took a sip. It was not a good wine, but it was enough for him, who had not touched alcohol for several days.

Maybe it was the alcohol that gave Kim Young-jun psychological support, and he spoke louder, "Why would the high and mighty Chairman Kim in the group care about me?"

"When I was imprisoned in the prosecutor's office, he didn't even rescue me, let alone being imprisoned here now."

"That's understandable," Li You looked at him indifferently, as if the matter had nothing to do with him.

"But I'm curious about one thing," Li You didn't want to listen to Jin Yongjun's complaints, so he took the initiative to ask, "When you were first caught up in the public opinion storm, did you seek help from Zhao Taixie?"

"Zhao Taixie?" Jin Yongjun frowned and said without hiding anything: "I did ask him for help."

"I want to erase the shame I carry and continue to be the heir."

"But he rejected me and told me," Jin Yongjun said with an unpleasant expression, "If you miss the opportunity, anything will lose its value."

"What conditions did you set for him?"

"The Tianxia Group is currently planning a top-notch shopping mall. I told him that he can decide the location," Jin Yongjun drank the last sip of his wine but didn't dare to continue pouring it. "The by-election for members of the National Assembly is coming soon. The location of this shopping mall will be of great benefit to his people in certain places."

"It's a very good offer, but Cho Tae-seop can't even protect himself, how can he protect you?" Li You shook his head, "It's natural for him to reject you."

"That means." Li You poured him another glass of wine, "You are alone and helpless now."

Jin Yongjun was stunned. His most important partner, Zhao Taixie, abandoned him. Jin Shengjun, who joined forces to drive Jin Xiya away, stabbed him in the back. He was really alone.
"Yes."

"If I want to help you obtain the inheritance rights of Tianxia Group," Li You watched him finish another glass of wine, and asked with a hint of satisfaction, "What should I do?"

Jin Yongjun's face turned red due to alcohol. He gritted his teeth and said, "Of course it's Peninsula Bank."

"Peninsula Bank..."

This is a familiar name, and Li You also has an impression of it.

"It's the bank that Zhao Taixie used DH Financial Holdings to control before," Jin Yongjun explained, "But since you exposed the inside stories of DH Financial Holdings, Peninsula Bank was also implicated, and Tianxia Group acquired it for the second time."

"Peninsula Bank now holds 15 percent of Tianxia Group's shares."

"Fifteen percent?" Li You was also shocked.

"Why does Peninsula Bank hold 15% of Tianxia Group's shares?"

"The shares were supposed to be inherited by me after a certain tax avoidance operation through Peninsula Bank." Jin Yongjun was a little embarrassed. "It's just me..."

It’s just that Kim Young-jun was framed after cheating on his wife and is now in the hospital.

Li You understood.

As early as when he inherited the Soonyang Group, Lee You knew that the inheritance tax on the Korean Peninsula was quite high, but the chaebols had many ways to evade taxes. For example, the Soonyang Group had evaded taxes through overseas fund companies.

Tianxia Group obviously adopts another method, which is to pledge the equity to be inherited to the bank, and obtain a sum of liquidity funds for payment and reinvestment.

There are many paths involved, and each of them walks in a gray area.

"After saying so much, aren't you afraid that I will just go and grab these shares?"

“Fifteen percent of the shares are certainly important,” Jin Yongjun let out a long breath with a growing smell of alcohol, “but I think my time over the years is more important.”

When he said this, he had already handed over the 15% of Tianxia Group's shares to Li You.

No matter what method he used, Jin Yongjun knew that he had to get out. If he really stayed in prison for six or seven years, he would not be able to inherit the Tianxia Group, let alone inherit anything else. His hyena-like brother Jin Shengjun would not even leave him a chicken butt.

Jin Yongjun's choice was to give up part of the interests of the Tianxia Group in order to achieve his goal of being released from prison and continue to fight for the position of heir.

It would be even better if I could use these things to gain Li You's support.

Of course, he also knew that this was like inviting a wolf into the house. After all, when Shunyang Group collapsed, Tianxia Group also acted like a wolf to tear the flesh of Shunyang Group. But he had no other choice. It was better to invite a wolf into the house than to have nothing.

Now Jin Yongjun finally understood why Chen Dongji and Chen Rongji wanted to get the "help" of Tianxia Group and Daying Group eight years ago even though they knew that they were using them to usurp the assets of Shunyang Group.

Li You was naturally very clear about what he was thinking. After all, Li You only started to exert his strength after Shun Yang collapsed.

These chaebol families on the Korean Peninsula have demonstrated the selfish side of human nature through their actions.

"Letting you go...is impossible," Li You shook his head.

Even ordinary people can feel how much contribution the Kinmen Group made in Jin Yongjun's case.

Letting Jin Yongjun go at this time would completely confirm the claim of "hostile forces attacking" put forward by Tianxia Group.

"Overturning your case will also bring huge public opinion to the Kinmen Group," Li You looked at Jin Yongjun who seemed a little disappointed, "but it's no problem to let you spend fewer years in prison."

He poured Jin Yongjun a third glass of wine and said, "You can still live your life as a nobleman here. You can have anyone you want to serve you."

Jin Yongjun shuddered before he even took the wine glass. He would never mess around again because he had been secretly photographed and was traumatized.

He took the wine glass and took a sip, calming down a little under the wine, "But the president also knows that the situation outside is not optimistic. I am not saying this for freedom, but for the inheritance of Tianxia Group."

"If you want Tianxia Airlines, you must have someone to cooperate with you."

What he meant was that as long as he went out, he could cooperate with Li You to complete the transfer of Tianxia Airlines.

If Jin Jianying heard these words, she would probably be so angry that she died.

"Well said," Li You patted his shoulder to show encouragement, "but are you overlooking something?"

"." Jin Yongjun clenched the wine glass, somewhat confused.

"The equity structure of Tianxia Airlines is not that simple," Li You said with a smile. "Even if all political interference is eliminated, when it comes to the sale of Tianxia Airlines, no one can say that he has the final say in Tianxia Airlines, not even Chairman Jin."

"I do have a suggestion," Li You looked up at Jin Yongjun who was expecting something, "How about you take over Tianxia Group?"

"Take over Tianxia Group in there" Jin Yongjun's pupils shrank.

Judging from the current situation, Li You will never let him go.

That would damage the reputation of the Kinmen Group, the Xiancheng Group and a series of media that follow them.

The most we can do is reduce his sentence so that he can be released from prison a few years earlier. In the best case scenario, he may be able to get out in two to three years.

And Li You said that he took over Tianxia Group in prison.
There has indeed never been such a statement.

Usually when the group chairman is imprisoned, there is a fixed solution.

The core executive team formed by the president will lead daily operations in the president's absence, but major decisions still need to be made remotely by the president from prison, with documents delivered and key agreements signed through lawyers and secretaries.

The control of the outside group is taken over by direct relatives, and it is best if two or more direct relatives jointly manage the core business, and cross-holdings are used to ensure that control does not fall into the hands of outsiders.

But they all became presidents before going to prison. No one became president in prison.

Li You smiled and said, "No matter what, isn't it best to take the position of president first?"

Jin Yongjun hesitated for two seconds, but still nodded, "But what should I do?"

"You?" Li You looked him up and down, shook his head and said, "You don't have to do anything, just wait."

Jin Yongjun was obviously very confused. He didn't understand what Li You meant.

However, Li You waved to Jeon Jae-jun at the door and asked him to send Kim Young-jun out.

"President." Jin Yongjun bowed beside the sofa, "I look forward to hearing from you."

"it is good."

As soon as Jin Yongjun walked out of the door, he was taken away by the prison guards.

The warden then knocked on the door before entering his own office.

"Have you finished talking to Representative Jin Yongjun? Do you need a little more time?"

"No, thank you very much, warden this time," Li You smiled at him, "Please take good care of him from now on and don't let him have a bad life."

The warden's gaze paused for a second, realizing that Li You might have reached some kind of agreement with Jin Yongjun. He immediately put on a smile on his face, "Of course, of course."

After a few polite words, Li You left the prison.

While in the car, Li You was still thinking about what to do next.

In fact, as long as Jin Yongjun takes the position of chairman, Li You’s arrangement will be completed.

It is impossible for Kim Young-jun, who is in prison, to trust his younger siblings Kim Sung-jun and Kim Hee-ya, let alone his stepmother Liu Caiyan.

In Jin Yongjun's eyes, these people have always been ambitious people who are trying to seize his position as heir.

He will have to form his core executive team.

This team is Li You’s best opportunity to secretly control the Tianxia Group.

Today's international community and the Korean Peninsula will never allow the emergence of an unprecedentedly large group. Even the current commander-in-chief Choi Changdi, who was personally supported by Li You, is unwilling to cooperate in his heart. This makes it impossible for the Kinmen Group, which is already the number one group, to completely swallow up the Tianxia Group.

Li You and the Kinmen Group are very strong, but they are still unable to compete with the power of the two countries on this land.

By controlling the Tianxia Group through this indirect method, we can maximize our profits.

So the first thing to do, and the thing that must be done, is
Leave the position of president vacant.

(End of this chapter)