Investor That Can See The Future
Chapter 244
Chapter 244
There was a heavy silence in the hearing hall for a while.
The person who broke the silence was Representative Hong Hyun-woo. He is from the movement and is considered one of the strongest in the new political party.
He came out strong from the start.
“OTK Company has invested tens of trillions of dollars in the United States. But why don’t you make any special investments in Korea?”
I wondered why this didn’t come up. It is also a problem that the media continued to risk before that.
I answered in principle.
“OTK Company invested capital to establish an investment company called K Company, and is continuously investing in Korean companies. And as you know, all the money I earn in Korea is reinvested in Korea.”
Assemblyman Hong Hyun-woo shook his head resolutely.
“That is not enough. In the United States, it is not enough to take over an existing automobile factory, and is it not enough to keep building new factories? But why don’t you build a factory in Korea?”
If anyone hears it, they’ll think I’m in debt to build a factory in Korea.
It’s not that I don’t understand why.
Aside from rising exports and good taxes, South Korea lacks decent jobs. And it is the business that creates those jobs.
In recent years, conglomerates, except for Suseong Group, have reduced investment and employment in the country.
If so, we need to find the cause and solve it, but the politicians are not thinking about it and are pushing the back of it to invest blindly.
The number one goal of a company is money.
If it seems like money, even if they tell them not to invest, they build a factory and hire people. Conversely, if money doesn’t seem to work, no matter how much pressure you put on investment, it moves aesthetically and aesthetically.
“Currently, the U.S. has a lower corporate tax rate than Korea due to the passage of tax cuts. The market is also much larger than that of Korea, and the state government provides various support for plant establishment and operation. In addition, the average wage for workers is low, and strikes are rare because collective bargaining is held every four years.”
Representative Hong Hyun-woo raised his eyes.
“Is this because of the workers?”
I’ve given you a number of reasons, but why are you driving in that direction?
I pondered for a while. Should I just say no and move on, or do everything I want to say, be it insults or not?
After all, is it right to live and say what you want to say?
“In the past 20 years, there has not been a single new automobile factory in Korea. Meanwhile, Eunseong Motors has expanded its factories in the Czech Republic, Russia, and Mexico. Isn’t there some union problem here?”
Among them, some factories were built because they were absolutely necessary, and others were not. If only those factories had been brought to Korea, the job problem would have been solved to some extent.
“Are you saying that the wages of Korean workers are high now?”
“The wages of Korean workers are not high. But the wages of workers in auto factories are high.”
“The countries I just mentioned have a lower national income than Korea.”
“Then why are the workers of automobile factories in the United States and Germany, whose national income is higher than that of Korea, paid lower than in Korea? In terms of the gender gap, the average wage has already surpassed that of the US and Germany.”
Rep. Hong Hyun-hoo pushed the data.
“You can see it here, but the basic wage is less in Korea, and the hourly wage is lower.”
“And HPV is also remarkably low in Korea.”
HPV is the number of hours worked to produce a single vehicle. It is difficult to compare directly because there is a difference depending on the type of car produced and the line, but it is true that the productivity of domestic factories is falling.
Rep. Hong Hyun-woo said in anger.
“The growth of Eunseong Tea was driven by the blood and sweat of the workers. What’s wrong with workers enjoying the fruits of growth as well?”
That’s right. Management performance should be distributed evenly to the workers, not just the management and shareholders.
It is definitely a good thing that workers work for 100 million won.
By the way… … .
“While the average wage of workers in Eunseong car is 95 million won, workers in primary subcontractors earn less than 5,000, and the second and third companies again drop to half that level. Did only Eunsung car workers shed blood and sweat for the growth of Eunsung car? The workers of the subcontractors also shed blood and sweat, so why does the wage gap continue to widen?”
The New Politics Party has long insisted on wage increases and the abolition of non-regular workers. However, perhaps because of the characteristics of the progressive party, they are passive in criticizing the union even if they criticize the company.
“Are you driving the current situation into a no-no conflict?”
“From my point of view, the lawmaker seems to want to drive me to say ‘I am driving a non-no-no conflict’. The important thing is that there is no merit to build a factory in Korea. There is a general strike every year like an annual event, which company would be crazy to build a new automobile factory in Korea?”
“Strike is a legitimate right of workers!”
“I think so too. And to set up factories in countries where there are fewer strikes is a management right.”
As if there was nothing more to refute, Rep. Hong Hyun-woo shouted.
“What do capitalists know about workers?”
Sooner or later I’ll hear the capitalist’s voice. Should I be happy with this?
I nodded and said.
“I have heard such remarks as the Red Guard. But isn’t it really capitalists who build factories?”
* * *
Seoul Station waiting room.
People who watched the hearing on the big TV while waiting for the train time were at a loss for words.
Kang Jin-hoo exposed his shame to the questioning lawmakers, and the lawmakers closed their mouths without saying anything.
It was the same whether the opponent was the ruling party or the opposition party, liberal or conservative. The target of criticism did not discriminate between politics and economy, corporations and unions.
At this point, it was confusing who was going to hear the hearing.
Until just recently, the old people who had been arrogant, saying, ‘Young Nomushiki don’t have a lot of flair!’, ‘He’s such a brat!’ and ‘To the Liberal People’s Party lawmaker who dares to work for the country!’, were perplexed by the elders.
“Isn’t that bastard leftist?”
“What? Are you doing that to the left too?”
“haha! This is nonsense!”
Jinhoo Kang is a famous not only in Korea but also in the world.
Foreign media also paid attention to the hearing, and it has already been broadcast on channels such as CNN, BBC, NHK, and CCTV.
The internet is heating up again.
-The ruling party and the opposition party, the left and the right, everything is black.
– Recognize all-together doll.
– Hahaha I’m crazy. it’s really awesome
– Now CNN is also broadcasting the parliamentary hearing.
-What kind of country is this a disgrace?
– I am a German student. It’s been a while, so I can’t even hold my head up.
-Chinese children are casting the Spirit Victory Law saying that democracy should not be like this.
– Totally international disgrace hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
-If you spend a hundred days to promote your country, what do you do? Parliamentarians eat it all.
– Exports are difficult these days, can’t the members of the National Assembly not export?
-Many countries have banned the import of garbage. In principle, waste generated in that country should be disposed of in that country.
-It can’t be processed in Korea.
* * *
The hearing was temporarily suspended.
Members of each party gathered and entered the meeting as if it was an operation time during Gyeonggi-do.
Before the hearing, they had started asking each other questions, but now no one came forward.
Originally, the Liberal People’s Party was planning to humiliate Kang Jin-hoo, and the New Politics Party was going to get a lot of things by putting pressure on it hard. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
As it turns out, either way is a failure.
Hearings were a mess, and Congress became a laughing stock. In a real-time search on the portal site, the names of lawmakers who queried were listed one after another.
One good thing from the New Politics Party’s point of view is that no one was able to overcome Rep. Lee Jeong-hye’s stronghold (?).
‘Lee Jeong-hye’, ‘Gensei’, ‘Resignation Haseyot’, and ‘Self-Defense Forces Founding Commemorative Party’ took the 1st to 4th places in the search. After that, ‘Hong Hyeon-Woo’, ‘Red Guard’, ‘Kim Sang-Soo’, ‘Nambul’, ‘Lee Yong-Soo’, ‘Jeongseon Women’s University Illegal Admission’ etc.
The quick-witted reporters wrote and posted articles on various allegations raised at the hearing, and comments were pouring in asking to re-verify the suspicions this time.
When the allegations that had barely been buried were resurfaced, the members of the National Assembly were just stunned.
Messages poured out in real time to lawmakers whose cell phone numbers were disclosed. Until yesterday, there was a lot of praise and encouragement, but today most of it was criticism and abusive language.
[Your salary is not worth it.][Strike a member of parliament and build a farm][Did you sell the land in Gimpo and make your living better?][If I do it, it is an investment. If others do it, it is a speculation. I saw myself well.][I am on my way to protest against Jeongseon Women’s University to cancel my daughter’s illegal admission][If you have a conscience, drop your daughter out of school][Do something. Are you a member of parliament?][Are you saying that we should start the Cultural Revolution and kill all landowners and capitalists?][Rep. Hong Guardsman. Let’s wait for the next election.][From now on, if I take pictures of you, I won’t be a person]Whether it is a politician or a celebrity, it is the same as making a living from popularity. Comments are also comments, but it is fatal to say that they do not give votes.
Floor Leader Jang Hyun-joon shouted in an angry voice.
“What kind of guy asked Jinhoo Kang to go to the hearing?”
The Liberal People’s Party was the first to talk about it, but it is true that the New Politics Party also agreed with it.
Everyone’s eyes turned to Hong Hyun-woo.
He was bewildered. I still don’t quite understand the situation.
‘why… … ?’
This is conceptually absurd.
Parliament is the legislative body. You can make new laws, amend existing laws, or even get rid of them, depending on your will.
Businesses want the law to be made in their favor. That’s why they try to maintain good relations with the politicians.
AD1 and AD2, which are still on sale in the US, cannot be sold in Korea. Because there are no laws related to autonomous driving.
To come out like this at a time when it would not be enough to assess the preparation of related bills in the National Assembly right now!
Rep. Hong Hyun-woo did not know it well, but most people knew the reason well.
-Chaebol groups have a lot to be sad about, but why would OTK Company bow their heads to you guys?
-If you look at Karos alone, Korea is second to none. There is not one or two countries that need to be released now.
-If you call a healthy person to a hearing and shout, do you want to increase your investment in Korea or leave Korea?
-It’s like having Bill Gates or Warren Boat brought to the hearing and sat down.(Read more @ wuxiax.com)
-If I was Jin-hoo Kang, I would have already received US citizenship and carried it.
Rep. Jang Hyun-joon made an impression when he saw the article posted on the party’s website.
‘You were completely wrong.’
In the first place, Kang Jin-hoo did not even care about the Korean National Assembly. She asks for an increase in investment and asks if it is okay to ask her politely, but it can’t go well because she summoned her as a witness at the hearing and yelled at her.
Rep. Park Chang-soo asked.
“What should I do?”
Floor Leader Jang Hyun-joon said nervously.
“How do you do what? Who wants to be more disgraced?”
* * *
I waited in the waiting room and talked to Taek-gyu.
Taek-gyu said excitedly.
[Hey, the reaction is great now. I also got a few memes that will remain in the history of the constitution.]“… … .”
The meme will be floating around the internet for a while.
The surroundings were noisy. I think I can hear the voice of Team Leader Jeong Ki-hong.
“Are you a company?”
[Huh. The staff are also cheering you on with one heart.]“I will.”
Hearing this, I feel the reward of getting paid.
[The atmosphere is very good right now. Let’s do our best like this and hit a few more. Collect them all and release them as messenger emoticons.]“… … no. I don’t want to expand my business any longer.”
My head hurts just from the business I’m doing right now.
As soon as I finished the call, I got calls from all over the place. Among them was her mother.
Are you sure you’re nagging?
I was contemplating whether to answer the phone or not, and an employee came in and said.
“Today’s hearing is over. You can just go back.”
“Already? Why are you ending so early?”
Then he looked at me with eyes asking if I didn’t know.
Anyway, I got up.
“Please give my regards to those who have suffered.”
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