Investor That Can See The Future

Chapter 242

Before attending the hearing, I met Chairman Im Jin-yong.

“How was the hearing?”

He had been sitting in the witness stand from early in the morning until late, and he looked very tired.

“I went back and forth all day and scolded, and I’m out of my mind.

I nodded.

“If you do something wrong, of course you should be scolded.”

Chairman Im Jin-yong smiled bitterly.

“I have nothing to say about the past. In the future, this should not happen. Nevertheless, the past events have been a great help. In particular, the members of the legislature also praised the establishment of the foundation announced just before with one voice.”

At the hearings, businessmen with poor public opinion are likely to be pounded intensively.

Fortunately, the image of the Seoseong group has improved a lot compared to the past.

Plants were expanded, employment increased, and non-regular workers were replaced with regular workers. We are also actively engaged in social contribution activities. That’s why the recent public opinion doesn’t view Chairman Im Jin-yong so badly.

Unlike other developed countries, chaebols and businessmen are not very respected in Korea.

Of course, this is not because the public’s perception of this is wrong, but because businesspeople have behaved in the wrong way.

Day by day, he rides in and out of the prosecutor’s office in a wheelchair due to embezzlement, breach of trust, tax evasion, and assault.

“By the way, I did nothing wrong, so why did I call you?”

The hearing is to reveal the corruption and illegality of the last regime and punish those involved, it would not be a place to call in and scold businessmen you don’t like.

“Of course, the Liberty Korea Party is sharpening its teeth, and the ruling party wants to show that they are working so hard for the people. As you know, you are the most famous entrepreneur not only in Korea, but also in the world.”

Chairman Im Jin-yong said while drinking water.

“Political power is always afraid of market power. Sometimes the government wants to control the market.”

Most developed countries adopt democracy politically and economically capitalism.

As if there was a change of government in 10 years, political power is always changing (of course, there are countries that do not). On the other hand, although there may be changes in the rankings, the chaebols of the past are still the chaebols.

But in reality, I am a self-made man and have nothing to do with the chaebol, do I?

“Wealth, when brought together, has its own power. From the government’s point of view, there is no choice but to care about the youngest person who has the most wealth in the world. There must be a lot of things you want to receive. There are three main things to stumbling over about OTK Company. The fact that the corporation is in a tax haven, that it made a profit from the operation and investment of a cryptocurrency exchange, and that there is not much investment in Korea.”

“Is that a problem?”

Chairman Im Jin-yong said with a smile.

“If you make it a problem, it will become a problem. Perhaps the hearing members will come out strong. Just keep your head down and hear the answer you want. As long as you show them how to listen well, they will move on peacefully.”

There are 300 members of the National Assembly in Korea.

How many of these people will the people remember their names and faces? At most, it will be around thirty people.

If you ask a poignant question or perform a good performance at a hearing, you can impress the public.

In short, this is a very good opportunity to raise awareness. Hearing stars were not coined for nothing.

Well, there are times when they do something harsh, but rather, they are portrayed as unfavorable.

Chairman Im Jin-yong handed me thick materials.

At a glance, the biographies and tendencies of the members of the National Assembly who asked questions at the hearing were meticulously written down, along with expected questions and model answers.

“It’s like looking at some kind of test genealogy.”

“It is not illegally collected information. It would be very helpful to see it before you go to the hearing.”

Somehow, despite the question that stabbed me in the right direction, I was told that I was able to get away with it, and there seems to be something like this.

“Do I even have to study?”

“Other presidents even rehearse in advance. A secretary or a managing director takes on the role of a member of the National Assembly and asks questions.”

“… … .”

Seriously, even during the job study, you will be asked questions and have a mock interview, so preparing for a hearing is essential.

If you get the interview wrong, you won’t be able to get a job, but if you say something wrong at the hearing, your soul can be stolen.

* * *

next day.

I woke up early in the morning and put on a neat suit.

“I’ll give it to you.”

Ellie got out of her bed and tied my tie to her. She was so cute that I put my head out and kissed her.

“It’s even nicer today.”

“Thank you.”

Ellie hugged me and said.

“Hey, can’t we go?”

I stroked her hair.

“I’ll be back soon, see you in the evening.”

When I went down to the first floor, Taek-gyu was sitting there.

“Why did you wake up early?”

“It’s late at night.”

I didn’t wake up, I didn’t sleep.

Taek-gyu patted my shoulder and said.

“Good luck to the hearing, my friend. I will support you by watching the live broadcast. I also have popcorn ready.”

“… … .”

* * *

How do you live your life to appear in a parliamentary hearing?

This is the first time I’ve been to the National Assembly, except for a group field trip from school when I was in my second year of elementary school.

I sat in the witness stand and looked around. The first thing that caught my eye was the camera.

The hearings will be broadcast live through the National Assembly Broadcasting System. Perhaps by now my face is also on the air.

Mother and Ellie will be watching with concern, and Taek-gyu will be watching happily while eating popcorn.

In addition to myself, several other presidents were also called in the hearing witness stand. There are also Hwaan Group Chairman Ahn Hyun-seong, whom I met recently, Lite Group Chairman Jin Dong-min, and Eunsung Car Group Chairman Han Chan-young.

“… … .”

But why am I stuck in between? why?

There was not much time for questioning witnesses. The rest just had to sit upright and wait for hours.

As anyone who has done it knows, this is usually not difficult. It’s not some kind of military brutality… … .

Again, exemplary answers flowed from the mouths of the presidents.

“I can’t remember.”

“I don’t know because I didn’t direct it myself.”

“I will go back and check and correct any mistakes.”

“Through this incident, I realized my mistake, and I am reflecting a lot.”

“We will fulfill our corporate responsibilities in the future.”

“We will do our best to increase investment and create jobs in Korea.”

It was almost lunchtime when it was finally my turn.

The first person to ask the question was none other than Rep. Lee Jeong-hye of the Liberty Korea Party.

She was a third-term lawmaker and party leader, and she lost the last presidential election to the new political party, Heo Chang-min, and she took responsibility for her loss and stepped down as her party leader.

Rep. Lee Jeong-hye asked me.

“Where is the headquarters of OTK Company?”

It was a random question, but she answered calmly.

“This is Della Island.”

“Have you ever been there?”

“There is not.”

“Then you said you set up a corporation on a remote island in the Caribbean that you’ve never been to. Why?”

I asked because I didn’t understand.

“What does that have to do with this hearing?”

At my words, Rep. Lee Jeong-hye said as if reproaching me.

“Witnesses only answer what they ask.”

I decided to answer only the questions asked.

“I don’t know, I’m not the founder.”

It was Taek-gyu Oh, not me, who founded OTK Company in Della Island.

Then she shouted.

“Aren’t the witnesses the largest shareholder and representative?”

“It happened because I received a stake in return for the success of the investment, and I was not involved in the establishment at all.”

Hyunjoo noona did all the paperwork.

“No matter who founded it, it was built as a tax haven to avoid taxes. This is an act that adversely affects the normal tax system!”

It’s not wrong.

Global companies such as Nplay and Gubble also avoid taxes by setting up corporations in regions (or tax havens) with the lowest corporate tax as much as possible and diverting their profits there.

Since the amount is so large, there is discussion in Europe to strengthen taxation.

However, the case of OTK Company is slightly different. While Gubble and NPL sell products and services directly, OTK Company only invests in businesses and finance. Therefore, to make a comparison, you have to compare it with other investment companies. And it is not uncommon for investment firms to be established in tax havens.

“K Company, established by OTK Company, and several companies invested by K Company, are paying corporate tax in Korea. I am also paying dividends and income tax in Korea.”

“Then what do you do? In fact, OTK Company itself is in a tax haven.”

“I didn’t establish a corporation in an illegal way, and the corporation was in a tax haven from the beginning, isn’t that wrong?”

Rep. Lee Jeong-hye’s voice grew louder and louder.

“Then is that a good thing? Move the corporation to Korea immediately!”

I asked absurdly.

“Why do we need to move the corporation to Korea?”

Then, Rep. Lee Jeong-hye fired as if waiting.

“Doesn’t CEO Kang Jin-hoo have any patriotism?”

“… … .”

Why is patriotism here?

I said calmly.

“I think that patriotism comes from the heart, and not by forcing it in a place like this.”

Rep. Lee Jeong-hye looked like she was teaching, with an absurd look on her face.

“If you are a Korean, you must have a heart for Korea and love for Korea. Dosan Ahn Chang-ho has always emphasized patriotism and love.”

Slowly starting to get annoyed. Why the hell do I have to be here?

I pondered for a while.(Read more @ wuxiax.com)

Do I answer favorably like other presidents and move on, or do I do it according to my personality?

I remembered Chairman Im Jin-yong’s advice to bow moderately and come.

Even the chairman of the Seoseong Group bows his head down, and there is nothing he can’t do, but my situation is very different from those of the Korean chaebols.

There was no problem with management rights, nor did he commit any embezzlement, breach of trust, or tax evasion.

Of course, there’s nothing wrong with maintaining a good relationship with the politicians, but… … Well, if there’s a problem, I’ll pack up and go to America.

I made up my mind and spoke into the microphone.

“So, Rep. Lee Jeong-hye is full of patriotism, so did she attend the commemorative party for the establishment of the Self-Defense Forces?”

“What, what?”

I didn’t seem to understand, so I said it over and over again.

She said, “Didn’t she attend the self-defense force founding commemorative party held at the Japanese embassy when she was a first-time member of the National Assembly? When it became a problem, at first he excused himself for attending because he did not know, but later he said that he had never attended and sued for spreading false information.”

Of course, the data from the interview at the time remain as video.

I went on to say

“As the lawmaker said, Dosan Ahn Chang-ho fought for the independence of Korea with a heart of patriotism and love. But, why did you go to celebrate the establishment of the Self-Defense Forces, the successor to the Japanese army that invaded Korea at the time? Could it be patriotism?”

Rep. Lee Jeong-hye opened her eyes and shouted.

“Gee, are you insulting the National Assembly now?”

“It’s a misunderstanding.”

“What do you mean by misunderstanding?”

“If my remarks sounded like an insult, you can think of it as insulting the lawmaker, not the National Assembly.”

Rep. Lee Jeong-hye shook her body with anger.

“To insult a member of the National Assembly, who is the representative of the people, is to insult the people!”

I said calmly.

“I am that citizen.”

“What… … what is this… … How dare you speak like that in Parliament? You must resign from your position right now!”

Occasionally shouting at her to resign is one of her specialties. What if the other legislator who didn’t see you told him to shut up?

Maybe she would have liked to see it if she became president.