Investor That Can See The Future

Chapter 201

Choi Moon-gil, leader of the New Reform Party, held an emergency press conference.

“I am declaring my candidacy for president here with the support of the people who wish for reform.”

Reporters were surprised by the sudden announcement of candidacy.

Although it is said to be a four-party parliamentary party, the number of members of the Reform New Party was only nine. However, he was not well-known enough to run for president.

Well, I wonder where one or two people will run for office without a chance of being elected.

“Why did you decide to run for office?”

“How do you see your chances of winning?”

Choi Moon-gil answered the reporters’ questions confidently.

“Many people are sick of the vested two-party politics. I will definitely become president to reform the country and create a Republic of Korea where justice flows like a river.”

I stuck out my tongue while watching TV.

“Awesome.”

In this election, Lee Jeong-hye advocated security and the economy, and Huh Chang-min brought government judgment. But suddenly, as Lee Jeong-hye started to reform her party, her mood began to flow a little differently.

She announced that she would be reborn as a new party for the people, and she set up an angle with Park Si-hyeong. Naturally, it seems that they are promoting regime change and government judgment.

Choi Moon-gil, a member of the New Reform Party, also announced his candidacy. In this case, the two-way structure of one conservative and one progressive candidate changes to a three-way structure of one conservative and two progressives.

Choi Mun-gil has limited scalability as much as he insists on radical reform, but he has a small number of enthusiastic supporters. If they shoot Choi Moon-gil, the votes of the progressive camp will be dispersed that much.

Taek-gyu asked curiously.

“What the hell did you use?”

“It looks like he threatened with any weakness.”

As Chairman Im Jin-yong said, he doesn’t seem to have any intention of handing over the government. Are you going to do everything you can during his presidency and fight for your own safety until the end?

I remembered what happened to Park Si-hyung.

Me and Taek-gyu were arrested one after another, employees were subjected to inspections, and the company was searched and confiscated. Every day, conservative groups came to the company to protest, and senior Ki Hong was gang assaulted and hospitalized. Protesters even drove to her home where her mother lived, and her mother was forced to abandon her house and evacuate.

Even if I endure everything else, I can’t stand the last one. I had no intention of going on like this.

I’ll have to use my hands somehow… … .

While Park Si-hyung robbed us with the police, we also robbed Park Si-hyung by all means. But unfortunately nothing was decisive.

Taehyung nodded his head.

“Your Excellency is very meticulous.”

People who do illegal things are more sincere.

Suspicion alone was one truck, and there were countless minor corruptions. However, most of them were not even investigated, and all incidents were driven by personal corruption of the aides.

He argued that this service protest was not a corruption at the government level, but rather a deviation from the personal secretary of the Blue House’s chief political affairs office who gave the order.

For your reference, immediately after the incident, Secretary Lee Il-sun took a leave of absence and was in hiding. He cut off contact with his family, and his cell phone was turned off, so there was even a joke that the NIS had already sent a red Matiz with lightning bolts.

Will the government change be able to uncover Park Si-hyung’s corruption?

If the government changes, the Korean National Party… … No, the Liberal National Party becomes the opposition party from the ruling party, but it is still the leading party in the parliament.

Naturally, there is no way to agree with the investigation that reveals the shame of the previous administration, and there is a high possibility that it will be called political retaliation.

Investigating the former president is a huge political burden. In addition, considering Park Si-hyung’s personality, he would have already thoroughly destroyed the evidence and silenced those involved.

“It’s now, even if the children below are loyal, isn’t it over if they step down from the presidency anyway?”

“Park Si-hyung has money.”

In modern society, money itself is a powerful weapon.

I was able to stay safe even after being stamped by the government because I had money. Otherwise, he might have been arrested again by now for an unfounded sex scandal.

Park Si-hyeong was clearly aware that the president was a temporary position. For this reason, throughout his tenure, he devoted himself to converting power into money.

The result is PAS.

Even if he retires, he still has PAS. And PAS will be his shield until he dies.

“Is it PAS after all… … .”

Although it is an unlisted company, its enterprise value is estimated at over 1 trillion won, considering sales and operating profit. This is at a level comparable to that of any large corporation.

Officially, PAS has nothing to do with President Park Si-hyeong. However, his brother Park Si-han is the only representative. However, suspicions have been constantly raised that Park Si-han is the boss and the actual owner is Park Si-hyung. Otherwise, the privileges of the past are meaningless.

The issue of PAS beneficial ownership has been a topic of controversy since Park Si-hyung ran for president.

Looking at the documents alone, Si-Han Park does not own any PAS shares, so Park Si-Han is the true owner.

By the way… … .

Until the beginning of this year, the head of the six overseas subsidiaries of PAS was Park Hyeong-dong, Park Si-han’s son, but now it has been changed to Park Si-hyeong’s son Park Myung-hoon. Park Si-han is giving management control to his older brother’s son, not his own son.

Does this make common sense?

Under various circumstances, Park Si-hyung is the true owner of PAS. However, he can’t put his name on his documents, so he wants his son to take over his company.

As long as Park Myung-hoon safely succeeds in management, everything will be complete.

Taek-gyu heard the story.

“Sir, you love money. How about ruining PAS?”

“That’s a good idea.”

People get hurt when they lose something precious. There is no better revenge than stealing money from the person who values ​​it most.

PAS relies on silver cars for more than 90% of its sales. As the saying goes that if you boil your head, your ears will ripen on their own, if the Eunseong difference collapses, your PAS will also collapse.

But it is unknown how many years it will be until then. And there is no way that Eunsung Motors, a de facto monopoly for domestic demand, will collapse so easily.

Isn’t there a good way to give a decisive blow?

After thinking about it for a while, I looked up and saw Taek-gyu staring at me.

“What did you see this time?”

“What do you mean?”

“Didn’t you see foresight?”

I shook my head.

“I was just thinking. That seems so easy… … Huh?”

At that moment, something flashed in front of my eyes.

It’s been a long time since I’ve seen it, so I’m glad I did.

After a while, when I came to my senses, Taek-gyu was staring at me again.

“Is it right this time?”

I nodded my head suddenly.

“Huh.”

Taek-gyu grabbed my shoulder and shook it.

“Why do you look like that? Isn’t there another earthquake? Or is it a meteor impact or the destruction of the earth?”

“… … Fortunately not.”

If it’s a natural disaster, I’m tired of it now.

“I heard that Eunsung will be recalled for the airbag problem.”

“Recall?”

When driving on the road, safety is paramount. Therefore, if a major defect is found, it must be recalled.

Recalls are either voluntary by the manufacturer or ordered by the government.

The most famous case is the Toyota recall in 2009. A family member who was riding a Lexus in the United States died due to defective mats and accelerator pedals, which forced Toyota to recall more than 10 million vehicles and pay huge fines.

“Is Eunsung car’s airbag made by Eunsung?”

“no.”

A car is made up of tens of thousands of parts. Among them, some parts are made by automakers, such as engines, but most are supplied by subcontractors.

In the case of airbags, the top five or six companies account for 80% of the global market.

I remembered something I had seen before.

“In the past, we were supplied with a German company, but we switched to PAS a few years ago.”

Taek-gyu’s eyes widened at those words.

“what? So, is it the problem that PAS delivered?”

“I will.”

I searched ‘Eunsung car airbag defect’ on the portal site. Dozens of articles and posts appeared.

There was a major accident, and the majority of the stories were that the airbag did not deploy.

“Eunseong car airbags are notorious for not inflating. They say it only explodes when you hit it at the right angle?”

“Well, I don’t really like Eunsung Cha, but there’s a bit of an unfair side to this issue.”

It is a problem that the airbag does not deploy after a major accident, but it is also a problem that the airbag does not deploy frequently in small accidents. In most accidents, airbags work normally, but only in a few cases where they do not. However, from the point of view of those who win only a small part of it, there is no choice but to cause dissatisfaction.

The perception that silver car airbags do not deploy very well is also a misunderstanding due to the overwhelming domestic sales volume. Depending on the angle of the collision, the airbag not deploying occurs at a similar rate in BMW and Toyota.

But is a recall possible because the airbag does not deploy well?

Maybe there is another reason?

“What else?”

“The airbag itself is defective.”

Taek-gyu asked as if he didn’t understand.(Read more @ wuxiax.com)

“Then why haven’t there been any problems before?”

“You don’t know if you’re okay until the airbag goes off.”

Even if you experience several simple contact accidents while driving, it is extremely rare that you are in a serious accident enough to trigger an airbag.

In 10 years out of 100 cars, there will be one car with an airbag deployed.

And if you have an accident like that, there’s nothing strange about being seriously injured or killed anyway, so it’s hard to detect an airbag problem.

I don’t know what’s wrong, but the cause is one of two things.

Whether it’s a production problem or a design problem.

“If there is a problem with the production process, we only need to recall products that have been produced for a certain period of time, but if it is a design problem, we have to recall all vehicles equipped with PAS airbags.”

“How many units are being recalled?”

Eunsung Motors sells more than 8 million cars worldwide in a year. It’s been over 6 years since PAS started supplying airbags… … .

“It will be around fifty million.”

That’s right, 50 million land, which is more than all the cars in Korea combined.

“Then how much does it cost?”

“Estimated at 100,000 won per unit, 50 million units is 5 trillion won.”

“What?”

Taek-gyu opened his mouth wide in surprise.

Even though we are making a lot of money these days, 5 trillion won is an amount that even large corporations cannot afford. How many large corporations have 5 trillion won in cash in Korea?

That’s almost as much damage as an L6 explosion!

Although Seosung Electronics was one of the largest conglomerates in the world, it was able to survive, but PAS is only a mid-sized company.

Of course, he couldn’t afford such a loss.

If something really happens that calls for a full airbag recall, it’s 100% bankruptcy.

The primary liability for compensation lies with the PAS that delivered the defective product, but if the PAS fails to compensate and goes bankrupt, then Eunsung Motors shall be responsible.

In addition, various problems that occur during the recall process, deterioration of the corporate image, and decrease in sales volume are an added bonus.

I muttered as I watched President Park Si-hyung appear on the news.

“If you do this well, you can fly it at once.”