The penniless son of the penniless ...

"If the credit card company goes bankrupt, all of you will be unemployed, and decades of hard work will be wasted!" Zheng Mengxian roared hysterically, trying to express his anger in this way.

After hearing Zheng Mengxian's extremely angry expression, everyone present was silent for a long time, and no one continued the previous dispute. As the other party just said, if the Hyundai Group can continue, then their "prosperity and wealth" can still be preserved, but if the Hyundai Group completely collapses, then their good days will also be over~!

After all, no company would be willing to accept high-level people from other big companies to join their side and continue to hold important positions. After all, not every company can accept all of these "old people" who have worked in Hyundai Group for many years like Chairman Chung Mong-koo of the New Hyundai Group. Speaking of which, it's all Chung Mong-seon's fault. If he hadn't insisted on not letting the shares of their companies be acquired by the New Hyundai Group, perhaps they would have lived a good life now!
……

"... Chairman, at the moment, apart from Mr. Dae Jong from the Blue House, perhaps the only one who can help our Hyundai Group overcome this difficulty is the financially powerful Comet Capital!" A subordinate at the conference table suggested reluctantly.

"If Comet Capital is willing to help, these problems with the credit card companies can be easily solved. It's just that..."

Hearing his subordinates mention Comet Capital in a somewhat blind manner, Zheng Mengxian felt aggrieved! He naturally knew the strength of Comet Capital. However, he, Zheng Mengxian, was not that bastard Zheng Mengjiu, who had such a good relationship with Zhang Junfeng of Comet Capital. He actually provided this guy with so many low-interest loans, helped him take over so many subsidiaries, and established the new Hyundai Group. It was simply a slap in the face of him, the chairman of the Hyundai Group!
Now he was asked to seek help from Comet Capital? Did he completely lose his dignity as the chairman of the group?!
But, let him go to the Blue House to find Mr. Daejong? It is unknown whether that person is willing to see him! Although Mr. Daejong has helped him a lot in the past, as the saying goes, "three times is too much", he has gone to him for help so many times, and he has no relationship with Hyundai Group. It was a great blessing for him to help him before, so how could he continue to help him?
No matter which of these two choices he made, he didn't think he could handle it successfully. If the problem with the credit card company could not be solved, then this former "cash cow" would backfire on the entire Hyundai Group, causing a blow no less severe than the previous financial crisis!
After a long time, Zheng Mengxian saw that his subordinates could not think of any other solutions, so he had to reluctantly announce the end of the meeting. Then he returned to his office with a gloomy face, thinking about how he should deal with it in order to overcome this difficulty.

……

The same situation also happened in the LG Group, thanks to the "Comprehensive Credit Card Policy" half-stepped by the Goryeo Blue House last month, which proposed to increase the credit card withdrawal limit from 30% of the total limit to 50%, and announced that the tax refund limit for credit cards would be increased from 30% to 40%. This heavyweight "favorable" system has made those credit card users fall into great joy, and the enthusiasm for applying for credit cards is rising steadily!
In order to expand its influence, LG Card Company even invited Lee Young-ae, the most popular actress at the time, to shoot related advertisements. In the advertisement, Lee Young-ae used a credit card to make purchases and promoted credit cards as a symbol of fashionable life. This also caused the number of users of LG Card Company to surge sharply in a short period of time, and it broke through 1000 million without any suspense, becoming the largest credit card company in Asia at that time.

However, the frequent overdue credit card payments have doubled the pressure on the top management of LG Group! The original intention of credit cards was to provide loans to individual users in order to make profits from the interest they paid. As a result, these untrustworthy guys played the "empty-handed" trick and treated them as objects that could be fleeced at will. If this continues, LG Group will become a pure "sucker"!
……

As the chairman of LG, Gu Zijing also looked solemn at the moment. If the bad debt rate of other credit card companies is only about 4-5%, then the situation here is much worse. According to the current statistics, it has reached 10%! If the current situation continues, it will not be long before the bad debt rate will continue to rise and reach an extremely terrifying proportion!

After all, people tend to follow the crowd. If some people don't pay back their loans when they're due, and they don't get punished, it will definitely irritate those people who borrow money and pay back on time when they're due. The situation will only get worse, and even get completely out of control.

"...President, according to the current situation, we must first suspend or even close the channels for approving and issuing new credit cards, and impose certain penalties on those users whose credit cards are overdue. Otherwise, the situation will be difficult to control."

"As for the shortfall in funds, we can try to communicate with KB Bank or Comet Capital. As long as we can convince them, there won't be any problem with funds."

As for those who are overdue for repayment, some of them suggested that they could refer to the private lending companies in Myeongdong. If the other party refuses to repay the money, they can find debt collectors to go to their door to collect the debt.

……

Listening to the advice given by his subordinates, Ju Zijing did not relax his frown, but continued to ask, "Is debt collection really useful for those unruly guys? Don't let them cause trouble again if the money is not collected!"

"…The increase in credit card withdrawal limits was the work of the Blue House guys. They were so busy giving those guys 'benefits' that they never thought about how to constrain and regulate credit card management. Now it's almost a mess~!"

Hearing Ju Zijing's complaints, the subordinates also smiled bitterly. They knew about this kind of thing, but as subordinates, they couldn't comment too much on some things and some words. They could only come up with feasible solutions to deal with it.

Seeing that his subordinates could not come up with any other solutions for the time being, Ju Zijing sighed helplessly, then nodded and said that he would ask his secretary to contact Comet Capital and negotiate with the other party in the next two days to see if they could reach a cooperation.

------Dividing line------

In the Comet Capital Building, in the president’s office where Zhang Junfeng is located.

As the situation of domestic credit card companies has continued in recent days, representatives from many large companies have called, hoping to arrange a time to visit them and discuss matters with the credit card companies.

However, after Wu Xiuying reported the situation to Zhang Junfeng, Zhang Junfeng calmly said that the time was not right yet and they could wait for a while and let the "bullet" fly for a while.

However, just a few days later, calls came from Hyundai Group and even LG Group, saying that they wanted to discuss the credit card company with Chairman Zhang Junfeng.

However, Zhang Junfeng remained calm and did not even mention whether he wanted to negotiate with the other party. Wu Xiuying asked curiously about this abnormal situation, "Boss, are you going to sit on the sidelines and not get involved in the affairs of these credit card companies? Otherwise, why haven't you taken any action?" "...Although we have long expected serious problems with these credit card companies. But judging from the current situation, these companies can still suppress the problems and have not yet reached the point of a full-scale outbreak. If we negotiate with the other party in advance, it will be difficult to maximize the benefits. As people often say, 'It is better to send charcoal in the snow than to add icing on the cake'. Only by stepping in to 'save' them at the most critical moment will they remember this favor!"

After hearing what Zhang Junfeng said, Wu Xiuying finally understood the intention of this "evil-hearted" boss. Although it was a bit unfair, from the perspective of investors, doing so could indeed maximize profits.

……

However, just when Zhang Junfeng continued to sit back and relax, a sudden piece of news made him feel very bad.

Catherine Zeta-Jones, who was far away in New York, called and said that she was followed by someone when she went out. When she returned to the villa, she found several strangers wandering around the villa for a long time before leaving. This situation made Catherine Zeta-Jones a little worried, and she hoped that Zhang Junfeng could arrange more security personnel, otherwise she would always feel a little uneasy.

Although the area where they live is one of the busiest sections of New York, no one can guarantee that those daring guys will not come in the dark and do something crazy!

Zhang Junfeng was naturally very concerned about such news, not only because Catherine Zeta-Jones was his woman, but also because he and her cute little daughter were in the villa. If something unexpected happened because of his carelessness, he would regret it for the rest of his life. After all, the United States, where freedom is advocated, is not much less dangerous than some war-torn areas.

You may be attacked by the "truth" of some vicious guy while walking on the street, and die without knowing why!
After comforting the other party with a few words, Zhang Junfeng quickly contacted Mugur Hosking and asked him to arrange several bodyguards to guard the villa where Catherine Zeta-Jones lived. If possible, it would be better to equip some "truths". As for the expenses, they would be directly reimbursed through the company's expenses. The bodyguards must be arranged as soon as possible.

Hearing Zhang Junfeng's order, Mugur Hosking was also shocked and nodded in agreement. As Zhang Junfeng's confidant, Mugur Hosking naturally knew the special relationship between his boss and the beautiful woman Catherine Zeta-Jones. If something unexpected really happened to the other party, his boss would be furious on the spot!

After hanging up the phone, Mugur Hosking quickly contacted the security company he had worked with before and proposed that he wanted to hire several bodyguards and equip them with "Truth". The other party wanted to take the opportunity to raise the price, but Mugur Hosking agreed without hesitation. This made the staff of the security company a little confused, and they quickly reported to their boss.

Perhaps because the charm of "money power" was too strong, the security company quickly made corresponding arrangements, and several experienced bodyguards were transferred to the location of the villa for stationing.

……

In a remote alley in New York, several gangsters who received missions from the black market gathered together and began to discuss the information they obtained after "scouting" and their next plan of action.

"Adams, I feel that the woman is of some importance. She lives in such a luxurious villa at such a young age, and it seems that there are bodyguards stationed there. Why don't we just give up this mission? I feel that the risk of this mission is too great...", a thin brown-haired man frowned and expressed his opinion.

However, when Adams heard that his little brother was so timid, he looked a little contemptuous, "What is there to be afraid of? This family only has one or two bodyguards at most, what kind of trouble can they cause? As long as we can complete the mission, we can get 100 million US dollars! That much money is enough for us to live a carefree life for several years!"

"Besides, the house that woman lives in is so nice, isn't there anything valuable in it? We just need to sneak over there, steal some valuables, and then set it on fire, and we'll have the money!" Adams, the leader, glanced at his younger brothers, and then expressed his views in high spirits.

As a thug who was born in the slums and grew up in the street community, Adams knows the importance of money. As long as you have enough money, you are a superior person in America! Without money, you may live like a beggar in this place!

Working for those shady bosses? Only earning one or two thousand dollars a month? I will never work in my life!
After hearing Adams' encouraging words, the younger brothers quickly became excited, and they kept imagining that after they finished this job today, they would be able to live a rich life like no other. It was so wonderful just thinking about it!

Finally, they reached an agreement to steal in the villa after 12 o'clock tonight, and the others would support them from the surroundings. If they found something wrong, they would set fire outside and create chaos, so that the others could escape.

But what they never expected was that when they sneaked into the villa hall in the dark in the middle of the night, they were caught by the bodyguards who were resting and on standby around the villa and in the living room!

Just as they were about to turn around and run away, the bodyguard decisively took out the pistol he carried with him, and with a "bang", he directly hit the opponent's calf. The gangster who was about to escape fell to the ground and let out a painful wail. Seeing this, the other gangster raised his hands and wanted to surrender.

The other side has already taken out their weapons. If they dare to act rashly, they will most likely be physically "absolved" by the other side!
……

The gangsters outside were also frightened after hearing the gunshots, and tried to escape. However, they obviously underestimated the number of people in the villa. After struggling for a few minutes, they were quickly subdued by the bodyguards who were of similar number but carrying "Truth". (End of this chapter)