Korean TV series: King of Peninsula 1997

Chapter 689 Support Exchange
The weather in September was worse, even hotter than last month.

Nearly ten days have passed, and the political situation on the Korean Peninsula has become increasingly confusing.

It was in this situation that Lee Myung-hak, the mayor of Seoul, came to Lee You again.

The reason he came here this time was still for the think tank plan that the two of them had tentatively agreed upon when they came last time.

"You are still serving as mayor and have not officially stepped down yet," Li You pulled out a document from the bookshelf behind him and handed it to Li Mingxue, "It is not appropriate for you to publicly establish a think tank."

Li Mingxue received the document handed over by Li You, and his cheeks twitched after he glanced at it. He didn't expect that such an important document would be placed so openly on the bookshelf.

"Just like what I said above, I have asked Jinmen Real Estate to allocate a piece of land in Seocho District," Li You pointed at the document in Li Mingxue's hand, "and started secret planning ahead of time. It happens to be in Seocho District, Gangnam, so let's call it Seongnam Research Institute, and you can be its non-profit legal representative."

The Seongnam Research Institute, which was supposed to belong to Moon Jae-yoon eight years later, was a crucial strategic fulcrum in his political career. It was also a policy testing ground and factional network at that time. This institution even played the role of an "invisible Blue House" in the political ecology of the Korean Peninsula. The power changes in the progressive camp on the Korean Peninsula were all related to it.

Now Li You and Li Mingxue want to make it appear in the world eight years earlier.

"The Jinmen Real Estate team has planned a complex of 2,300 square meters, including a policy seminar room, a retirement residence, a media production center, and an underground safe house. There is also a lot of vacant space. The last few pages of the document are the design drawings. You can take a look."

"But these things are just external and don't cost much," Li You said lightly. "For us, what's more important is the people from all walks of life we ​​need and how to make it fulfill its mission."

“What does the mayor think?”

Li You could say that these things were external, but he couldn't. The money used for these things was a huge investment for any politician on the Korean Peninsula, so after Li Mingxue briefly opened it, he answered solemnly, "I agree with the chairman that the mission of the Seongnam Research Institute must be multifaceted."

"I personally believe that the output of ideas and the maintenance of power are undoubtedly the two most important of these multiple missions."

Outputting ideas has always been what politicians on the Korean Peninsula have been doing, whether it is through various roadshows or appearances on TV shows, all of which are outputting ideas.

Li You understood this, so he was more interested in Li Ming's theory of power operation. "Power operation?"

"With the help of the president, I am confident that I can build an informal advisory network," Li Mingxue kept talking like an investment promotion official in a small county. "Through cooperation from all sides, it is not impossible to bypass the Blue House bureaucracy and directly command local governments in the future."

"In order to achieve this..." Li Mingxue said, "I have communicated with many comrades in recent days, including former President Li Lianchang."

“With the help of President Lee, I had an in-depth discussion with Jang Ha-sung, former director of the Blue House Policy Office, who is also the head of the Strategic Planning Bureau of the Seongnam Institute, and Choi Kyung-hee, former president of Ewha Womans University, who agreed to serve as the dean of our talent development institute.”

He then mentioned several names, most of whom were respected people on the Korean Peninsula, and there were also a few young talents.

Li Mingxue has indeed been busy these days. He has made full use of the conveniences brought by his identity as the mayor of Seoul. The connections he has accumulated over the years have also made him feel at ease in this kind of thing.

Before Li You took the initiative to bring it up, he explained his next plan in advance.

"I currently have many restrictions as the mayor of Seoul, but I have also found many things I can do within the scope of my duties."

Li Mingxue looked at Li You and saw Li You nodded for him to continue.

"I plan to follow Cho Tae-seop's example," Lee Myung-hak said frankly. "What he is doing is indeed the future of politicians on the Korean Peninsula."

“Although the Seongnam Research Institute cannot be made public at present, I can set up a miniature think tank in the Seoul Mayor’s Office to focus on issues that are of concern to citizens, such as youth housing and carbon neutrality, and publish the Seoul White Paper on these issues every month.”

"Good idea," Li You agreed, "but this is slightly different from Zhao Taixie's. Zhao Taixie is more concerned about the supporters of the elites in the three major universities."

"Yes," Li Mingxue nodded. "It is much more difficult to attract the support of the elites. In this way, we can first convert a large number of supporters from ordinary citizens. With such a large base, we will have enough supporters. As for the elites, I cooperated with Korea University, Ewha Womans University, and Yonsei University. The school set up a professorship of 'Urban Governance' for me. We can only do it little by little."

"There is one more thing I need your help with, President," Li Mingxue said calmly.

"You said."

"We don't really know much about the Internet." Li Mingxue said a lot before, but when it comes to something he doesn't know much about, he still said frankly: "President, as the first person to use the Internet for publicity, do you have any relatively novel methods?"

Li You thought of the legendary King of Endurance in the future, and simply copied it: "I will find a filming team to contact you, and set up a personal channel, and update a program every week. It will be called "Mayor After get off work". You can go visit the shantytowns, go to the garbage station in the early morning, etc. You don't have to shoot such serious things, you can shoot your daily life, it would be nice to show it to everyone."

"The purpose is to strengthen your public image. Just let the filming team handle the details. They are more professional in this regard."

The current political arena on the Korean Peninsula is not yet the future internet celebrity politics of "you vote, I vote, and the old man becomes president." Politicians still maintain a certain degree of mystery. What Li You proposed is certainly in line with what Li Mingxue said as "novel."

After listening to what Li You said, Li Mingxue, a man in his fifties, quickly realized what it meant.

He realized from Li You's words that the high level of entertainment in the peninsula's politics is a trend?
After thinking about it carefully, Li Mingxue slowly determined the answer to his question. Even from the current election method, the entertainment of politics has become a survival strategy. Candidates like them must compete for voters in such an era of scarce attention.
High engagement and low thinking is the ultimate answer to campaigning.

Maybe even congressional questioning will become a ratings battleground in the future?
Instead, Li Mingxue felt an inexplicable worry in his heart.

"The president will soon not be elected," Li You interrupted Li Mingxue's train of thought with a meaningful remark, "but created."

After various integrations, control of Peninsula Bank fell into Li You's hands as expected.

Correspondingly, the 15% stake pledged by Tianxia Group in Peninsula Bank was also controlled by Li You.

In a study room, Jin Shengjun sat opposite Zhao Taixie, looking nervous and uneasy, "Member, what should we do?"

"Now that Li You controls that 15% of the shares, he will definitely take that 15% of the shares."

The 15% of shares pledged in Peninsula Bank are controlled by Li You. Although Li You cannot directly participate in the internal decision-making of Tianxia Group because it is only a pledge, Jin Shengjun, as a member of the chaebol family, knows all too well how many indirect ways there are. "President Jin, don't worry," Zhao Taixie said slowly, "Based on my understanding of Chairman Li, he will not take the initiative to do anything to Tianxia Group in the short term. He will only take action when the results of your power struggle are revealed."

"But we..." Jin Shengjun opened his mouth. He was anxious for another reason. With the bad relationship between Zhao Taixie and Li You, he, as Zhao Taixie's partner, would hardly get Li You's support. "You know the relationship between us and Chairman Li. Even if we win the fight, once Chairman Li's 15% of the shares are sold to either Jin Yongjun or Jin Xiya, the outcome will change instantly. That's 15% of the shares."

"No matter what, we have to take it slow. If we get anxious here, will President Li help us?"

Looking at Zhao Taixie's expression, Jin Shengjun was suspicious. They had no time to do it now.
If Zhao Taixie really wanted to help, he would really have this attitude
Jin Shengjun was suspicious in his heart, but he was still anxious on the surface and said: "Member, we have done so much, we can't just sit there and surrender."

"There's really no rush for this kind of thing. President Kim, go back first. I know what's going on," Zhao Taixie patted Jin Shengjun on the shoulder. "If I don't even have this kind of response strategy, how can I sit here peacefully? How can I have greater cooperation with President Kim in the future?"

Jin Shengjun gritted his teeth and said, "Member, no matter what strategy you have, now is the time to use it."

Jin Shengjun left in a hurry, and no one knew what arrangements he was going to make.

Zhao Taixie looked at his back and gave a dangerous smile.

In stark contrast to Kim Sung-joon's anxiety and Cho Tae-seop's calmness, the people outside were actually very excited.

“The recovery of Peninsula Bank!”

"The Kinmen Group revitalizes the Peninsula Bank and protects the interests of the people"

Those who sow in tears will reap with joy.

Li You knew that the outside public opinion was favorable, and he was actually holding a meeting in Peninsula Bank at the moment.

It was still the same meeting room as the last time I came, but there were a lot fewer shareholders present.

Of course, some of the shareholders who did not come were going to swim in the Han River, but most of them simply did not need to be there.

After this period of integration, nearly thirty shareholders, large and small, have entrusted their voting rights to Li You, and all of them are irrevocable entrustments that cannot be withdrawn during the entrustment period.

In fact, only in this way would Li You not take action against them and send them to Incheon Port or the Han River to swim.

This also made the huge conference room appear empty. Issues such as no layoffs, no salary cuts, and no increase in loan interest rates were raised. These were all sensitive issues after the commercial banks were acquired. Li You didn't need to do anything when he came here. Just sitting here was enough.

During the entire meeting, Li You, as the most important person, basically said nothing. He just sat there slowly drinking coffee.

The other participants in the shareholders' meeting were actually also very silent. They just kept voting and passed one item after another.

Only when the issues that needed to be voted on were almost discussed did Li You reach out and pry open the microphone. "Since everyone is on my side, there is no need for me to hide anything."

"You should all be aware that Tianxia Group has pledged 15% of its shares in our Peninsula Bank."

"Tianxia Group uses this 15% equity as collateral for financing. Everyone should know that if Tianxia Group defaults, then we, Peninsula Bank, as the pledgee, can use this 15% equity to obtain voting rights at the Tianxia Group's shareholders' meeting."

“That’s my goal.”

Li You did not take up too much time. He finished his speech after a few minutes and left Peninsula Bank first, leaving many shareholders in silence in the meeting room.

The shareholders who were considered to be well-known in the Korean Peninsula also left in silence, and many of them had haggard looks on their faces when they left.

Many of them were willing to cling to the Kinmen Group and Li You, but not all of them thought so, and some just gave in.

Of course, it is possible not to rely on Li You, but the other shareholders will be unable to withstand the support of Li You. After getting the support of Li You, the industries of those shareholders have grown stronger. It is impossible for them not to be envious.

Li You openly wanted to move the 15% of Tianxia Group's shares this time. They wanted to protest, but because of their own interests and lack of courage, they could only inform Tianxia Group again of this matter which would definitely touch the bottom line of Tianxia Group. However, Jin Xiya, Jin Yongjun and Jin Shengjun were unable to do anything at all.

Ever since being warned by Lee Woo, Kim Young-jun and Kim Sung-jun have found a tacit understanding again.

Although Jin Xiya took the initiative to stop the acquisition of Peninsula Bank shares, she could still complete the contract between Tianxia Group and Peninsula Bank in advance and recover the 15% of shares pledged in Peninsula Bank.

This is where the tacit understanding between the brothers Kim Young-jun and Kim Sung-jun comes in. They will never allow Kim Hee-ya to take back the 15% stake, as that would lead to their complete failure.

None of the three wanted to be the two victims; they all wanted to be the only one who succeeded.

They were suspicious of each other and were also afraid that the other side would receive strong support.

This also caused the three of them to always be trapped in the quagmire of their own creation.

In this quagmire, Li You received a call from his secretary in the car.

"President," the secretary said respectfully, using the secretarial office phone, lowering the receiver, "President Jin Shengjun is here to visit you at the group."

"Jin Shengjun?" Li You chuckled. "Tell him to wait a moment. I will be back soon."

"Yes."

After hanging up the phone, Li You had a playful expression, "Jin Xiya went to find Zhao Taixie, and Jin Shengjun came to me instead"

(End of this chapter)