Korean TV series: King of Peninsula 1997

Chapter 692 Fighting Back
Kim Hee-ah had just managed to persuade Kim Sung-jun, and Zhao Tae-seop quickly counterattacked.

Rather than calling it a counterattack, it would be more accurate to say that Cho Tae-seop had thought of the possible counterattack from Kim Hee-ah and made arrangements in advance.

As the two were chatting, Director Park's cell phone next to Kim Hee-ah started vibrating.

Director Park bowed slightly to the two of them to apologize, then walked aside to answer the call.

After just a few words, his expression changed drastically, and he confirmed with the person who called him again and again before hanging up the phone.

Jin Xiya and Jin Shengjun noticed the change in his expression at the same time, and simply looked at him together. Director Park glanced at Jin Shengjun and said to Jin Xiya with difficulty: "Chairman, JQ Construction suddenly decided to sell it and is looking for a company to acquire it in the market. But only one company participated in the acquisition battle."

"At this time?" Jin Shengjun's face showed a look of as expected, "Zhao Taixie really doesn't trust any outsiders. He wants to take over JQ Construction for himself."

Director Park nodded. "Yes, he threatened the other companies and told them not to participate in the acquisition of JQ Construction."

Jin Xiya entangled her hands together, "So who is the company involved in the acquisition?"

"It is a shell company with no business experience so far. The representative is just a figurehead, and the actual controller is someone else."

"Another puppet supported by Zhao Taixie," Jin Xiya said angrily.

"So after he buys JQ Construction, he will immediately transfer the 5% of the shares, sell off all of JQ Construction's assets, and then use the money to continue purchasing the few remaining shares on the market."

"Really. Ambitious."

Jin Shengjun laughed, "It seems that the 300 billion I borrowed from Peninsula Bank can be put to good use."

"Although I didn't fight a takeover war with you, I did accidentally fight with Cho Tae-seob."

Jin Xiya looked at Jin Shengjun for a while and weighed the matter in her mind for a while.

After all, she chose to let Kim Sung-jun take the money to fight the acquisition battle, and she had to help Kim Sung-jun as much as possible. As long as Kim Sung-jun succeeded, it would be equivalent to handing over 5% of the outstanding shares to Kim Sung-jun.

Although from an external perspective, the management rights can indeed be kept in the hands of the three siblings, but internally, the 5% of outstanding shares plus the shares held by the subsidiary controlled by Kim Sung-jun have posed a great threat to her position as the chairman.

"Okay," Jin Xiya said softly after the conversation paused for a while, "I understand."

It's already getting a little chilly in the evening in Seoul.

Li You met Kim Yong-min, the director of the Financial Supervisory Commission of the Korean Peninsula, in his study.

Jin Yongmin visited Li You in person, and he was also very frightened. Even though he wanted to ask Li You for help, he also wanted to apologize to Li You.

"As you know, one of the important responsibilities of the Financial Supervisory Commission is to supervise banks," Li You ordered someone to prepare tea for him, "but recently JQ Construction borrowed a large sum of money from Kookmin Bank, and there are many problems in it. I think this is the result of the Financial Supervisory Commission, which is supposed to supervise banks, letting money flow."

"The dean's term is three years. Do you have a way to complete the term?"

There have been too many negative public opinions about banks and other aspects recently. As a person who needs to constantly weigh the pros and cons among major companies, Jin Yongmin finds it really difficult to do so.

In fact, he also had a small contribution to Li You's acquisition of Peninsula Bank, but Li You did not look for him. Instead, it was the commander-in-chief Cui Changdi who gave him the order directly.

Jin Yongmin took the tea with great trepidation, "President, I also have no steps to follow."

"It was Councillor Cho Tae-seop's order. I am just the director of the Financial Supervisory Commission and I don't have the ability to disobey him."

He is very quick to pass on the blame, which has been his way of survival and his forte.

"Zhao Taesup?" Li You laughed. "Of course I know that Zhao Taesup asked you to do this. Otherwise, why would I ask you to come here?"

"But you are also interesting." Li You leaned on the chair and looked at him, "You clearly heard about the conflicts between me and Zhao Taixie, but you gave benefits to both sides. You opened the way for me to acquire Peninsula Bank, and he asked you to turn a blind eye to the affairs between JQ Construction and Kookmin Bank, and you did it."

"It's not the fence-sitters who jump back and forth that are scary. What's scary is the fence-sitters who can't see themselves clearly and keep sitting on the fence."

"But since you came to me, it seems that you have made a decision?"

"Yes, President," Jin Yongmin said earnestly, "Please give your orders."

Li You agreed to let him come, naturally, to give the three siblings of the Jin family a little help.

Otherwise, with the abilities of the three of them, even if they were combined, they would still be toyed with by Zhao Tae-seop.

"Next, Cho Tae-seop will definitely get money from Kookmin Bank to carry out a series of actions such as acquisitions. You should use your ability as the president of the Financial Supervisory Commission to do what you should do."

"Yes"

On the other hand, Kim Sung-jun took a variety of actions in the next few days in order to prevent the shell company backed by Cho Tae-seop from acquiring JQ Construction.

But before he could get the results, Zhao Tae-seop received the news.

"Congressman," Secretary Han Ji-hyun said with some uneasiness in her voice, "We can't withdraw money from the National Bank."

"What does it mean?"

"The Financial Supervisory Commission has issued an advisory to Kookmin Bank to adjust its capital adequacy ratio."

"So sudden?" Assistant Officer Jin Zhenyu frowned. They had been building a relationship with Kookmin Bank for a long time, but with the Financial Supervisory Commission coming so suddenly, all the relationships were in vain.

Zhao Taixie shook his head and said softly, "It's nothing sudden. It's just that Chairman Li doesn't want me to continue to interfere in the internal affairs of Tianxia Group. He wants to raise Gu in Tianxia Group, and I don't have the qualifications to become a Gu."

"Then what about us..." Jin Zhenyu swallowed his saliva. It was undoubtedly extremely dangerous to be enemies with Jinmen and Li You. He still remembered how skinny Zhao Taixie was when he was forced to go on a hunger strike and pretend to be sick. Zhao Taixie still had a lot of minor stomach problems caused by that time.

Zhao Taixie was helpless. Even a good cook cannot cook without rice. What they lacked now was not power, but large sums of money. "How much money can we still use now?"

Han Ji Hyun had confirmed it before coming, "It's only 200 billion in total."

Zhao Taixie coughed and asked, "How much can we get by selling other assets?"

"It's less than 50 billion."

"We can't let it go on like this," Jin Zhenyu said anxiously, "If we can't get that 5% of the shares, your plan won't go forward."

Han Ji-hyun added, “Kookmin Bank will also be sanctioned for acquiring financial institutions for failing to meet the recommended rate of the Bank for International Settlements.”

Zhao Taixie was calm as if he had known the result long ago. He just whispered, "Who among the three siblings is fighting for the 5% stake?"

"It's Kim Sung-jun."

"Kim Sung-jun" Cho Tae-seop turned his gaze to Kim Jin-woo.

Jin Zhenyu understood, but he hesitated, "If we touch Jin Shengjun at this time, what if the congressman has a back-up plan? Will it implicate you?"

Zhao Taixie shook his head. "There's no time to think about it. Every step we take later will reduce our chances of success from 1% to 1/1,000/1/10,000." "Yes."

But a few minutes later, the news reached the Golden Gate Group.

"President," Jeon Jae-joon said softly, "Jo Tae-seop is going to take action against Kim Sung-joon."

"He's dead," Li You said calmly, "There are precedents of Jin Jianying and Liu Caiyan, but Jin Shengjun still died. There is nothing to be concerned about him."

This surprised Jeon Jae-joon. He thought that Li You had arranged for the Financial Supervisory Commission to target Kookmin Bank and was sending out corresponding signals.

Li You chuckled, "But Secretary Zhao Taixie, being able to pass on the news to us in this way, can be considered to be fulfilling his duties."

"She asked us to save her brother, the killer that Zhao Taixie kept."

"Saving a brainwashed person" Li You raised his eyebrows, "It is indeed difficult."

Li You never thought that he was innocent, and he didn't think that politicians like Zhao Taixie were any good.

But he gave these 'poor people' many opportunities, "Just watch over there and help if you can."

"As for Cho Tae-seop, he ignored my warning to release him at Kookmin Bank and continued to attack. You should not be polite either."

"Yes, President."

"Chalk Heavy Industries President Kim Sung-jun was found drowned in his private swimming pool today."

"Whether the death of President Kim Sung-jun is related to the struggle among wealthy families is still under investigation."

"The police are currently conducting a routine investigation on everyone in Tianxia Manor."

"Chairman Jin Xiya has not yet appeared in public, nor has she made any statement on any occasion."

The outside media speculated all kinds of things, but Kim Hee-ya herself was in the chairman's office, sitting blankly in her father Kim Jae-young's former seat.

"Chairman," Park, who was also his bodyguard and secretary, looked reluctant, but he still said, "Chairman, you need to come forward."

This kind of public opinion was undoubtedly artificially created, otherwise the matter would never involve Jin Xiya.

Kim Hee-ya did not answer Director Park's words. She had too many things to think about in her mind. Her second brother Kim Sung-jun, who she had just persuaded to cooperate with her to fight against Cho Tae-seop a few days ago, died just like that.

"Director Park"

"Chairman," Director Park lowered his head quickly.

"Do you think Cho Tae-seop was responsible for what happened to Sung-joon?"

Director Park took a deep breath, not knowing how to explain, and could only whisper: "Chairman, the police are still investigating. I..."

"Director Park!" Jin Xiya shouted, "Tell me what you think. Think about it with all your years of experience."

Director Park was silent for a while, then nodded silently, "It's very likely that Cho Tae-seop did it."

"It's very possible." Jin Xiya laughed, her smile full of coldness, "Then isn't it possible that my parents are also like that? Not long ago, the director of Tianxia Hospital died unexpectedly."

"I should have thought of it earlier," Jin Xiya lowered her head and covered her face with her hair. "How could Cho Tae-seop be a scheming guy who can monopolize power in the Grand Unified Democratic New Party?"

"My father always told me to stay away from politics and Cho Tae-seop before he passed away, but I didn't follow his instructions."

"Do you think President Li has any hope of helping us get revenge?" Jin Xiya's voice was a little tearful. "Even Zhao Taixie is willing to lie low in front of him, so you can imagine how he is..."

"I heard his name when I was in middle school. At that time, my father used him to educate Yongjun and Shengjun, saying that a gangster could be like this."

"Chairman," Director Park said quickly, "Chairman Lee has always been on the Korean Peninsula. Everyone thinks he is the most troublesome person and the one they least want to mess with. He has always been eyeing the Tianxia Group. You should think about it carefully."

"Besides, even if we were to take action, it's impossible for Zhao Taixie to be completely on guard. The risk of taking action against Zhao Taixie is too great."

Jin Xiya raised her head, looked haggard and sat on the chair, looking out the window silently.

Director Park had already turned off the TV that was supposed to be playing to prevent her from hearing the news again.

There was silence in the office for a long time.

"Zhao Tae-seop no longer has enough rationality," Li You shook his head, denying the action.

He did not regret not helping Kim Sung-jun escape this disaster. Instead, he felt like laughing. "If Cho Tae-seop loses his mind, he will no longer be the party leader who is always successful in politics. He has put too many shackles on himself."

"Now that I've pushed him so far, even his rationality is slowly disappearing, and his thinking is starting to become emotional."

In other words, because he was in danger, Zhao Taixie became bloodthirsty.

"You never know when they'll attack me."

Cho Tae-seop, who was once corrupt but still had his own ideals, is gone forever. A politician who is forced to send assassins to kill people continuously means that he has no other options.

Unlike the deaths of Kim Gun-young and Yoo Chae-yeon, everyone knew there was something fishy about Kim Sung-jun's death. Regardless of whether it was an accident or not, his death ultimately broke the backbone of more people in the Tianxia Group.

On that day, a steady stream of people wanted to come to Kinmen Group and visit Li You.

Li You did not reject them either, and he would not give up such an opportunity.

While Lee Woo was constantly meeting those "upper class people", Jeon Jae-joon did not accompany Lee Woo, but went to find Kim Jin-woo, the assistant officer who was out working for Cho Tae-seop.

After "Representative Jeon" was called or coerced to the rooftop, Jin Zhenyu initially smiled and greeted Jeon Jae-joon, "What are you here for?"

Quan Zaijun raised his hand to stop him from talking and took a few documents from his subordinates.

"Illegal lending through moneylenders, real estate speculation, incitement to violence, private investigations of senior government officials and threats, money laundering, incitement to murder."

Jeon Jae-joon rolled up the document and hit Kim Jin-woo's outstretched hand with it.

"Think carefully about what you should do."

Jin Zhenyu held the document and watched Quan Jaejun and his men leave.

"Councilman Zhao" Jin Zhenyu looked at the document for a long time, "This is... Chairman Li's warning to us..."

"Kim, who was suspected of multiple crimes, committed suicide by jumping off a building at a hotel in Gangseo-gu, Seoul, at around 7:30 pm today."

(End of this chapter)