Investor That Can See The Future

Chapter 298

There is a saying that this is the middle-income trap.

Growth is rapid in the early stages of economic development, but growth stagnates after reaching a certain level. In the end, if it fails to take off as a developed country, it will remain as a middle-income country or rather fall.

Fortunately, Korea succeeded in breaking into the national income of 30,000 dollars. At this point, it can be said that it has risen to the ranks of advanced countries. Although there are still many problems to be solved politically, economically and socially.

In any case, this is a terrific thing.

Excluding Western countries such as the United States, Europe, and Australia, and Japan, which was the first to modernize in Asia, how many countries with a population of 50 million or more have a national income of more than $30,000?

While those countries have already achieved economic development in the past, Korea has achieved this level of growth in only a few decades.

But it is still too early to be reassured.

As Korea has a short history of capital accumulation compared to other advanced countries, it is likely to collapse rapidly when economic growth stops.

In order not to do that, we must continue to grow.

Taek-gyu rubbed his eyes and said.

“Since when have you been so patriot?”

I asked absurdly.

“Then are you going to be maekook?”

The original arm is bent inward. If possible, I hope that Korea will do better than other countries.

“At least I have to do what I can. Who knows or who doesn’t.”

Taek-gyu crossed his arms and nodded his head.

“Originally, the path of the Absolute is lonely.”

“… … .”

* * *

I headed to the Blue House with Sangyeop senior.

I’ve been to the White House, but this is the first time I’ve been to the Blue House. Again, a check was conducted from the entrance.

Chairman Im Jin-yong, as well as most of the top 10 group officials, were there.

Chairman Han Chan-young was absent due to his father’s death, and Cha CEO Hyun-hong Lim Eun-seong attended instead. I exchanged greetings with Lite Group Vice Chairman Dongmin Dong and Shinsegi Group Vice Chairman Jang Yong-cheol in turn.

When I first revealed my identity in Korea, the eyes of other chaebol groups were not so good.

He probably thought of him as a kid who made good money through speculation. But it didn’t take long for that idea to change completely.

While chaebol groups struggled in new industries, the companies invested by OTK Company grew rapidly.

Who would have thought that Carlos would devour the Silver Star?

Now, both the industry and the financial world are paying close attention to the movement of OTK Company. And that’s how my position went up.

History and tradition among the chaebols, the rich are the best in the market.

In fact, Seoseong Group, which initially joined hands with OTK Company, is gaining success and success together. But other groups are struggling. And it turned out to be the stock price.

Surprisingly, RCK Bros. Chairman Ryu Cheol-gyun also attended. I know I don’t often attend events like this.

he smiled and said

“I thought it was for nothing, but I am glad that CEO Kang Jin-hoo also came.”

I said gladly.

“Did the president come alone?”

“Byungdu, that friend has some work in China. The deputy chief who was with me at that time did not come.”

“My friend hates selling faces.”

After sitting for a while, the president came in.

President Huh Chang-min approached businessmen and shook hands with each other. Then he reached out to me as well.

“Haha, CEO Kang Jin-hoo also came. It’s really nice to see you.”

“Good morning.”

After saying goodbye, we sat down again. Staff delivered food to the table.

The menu is bibimbap. It is said that the rice and vegetables inside are from Paldo.

President Huh Chang-min said.

“Bibimbap has the best taste by combining different ingredients. Like this bibimbap, I hope that the government and businesses will come together as one to get through the current economic situation.”

It was a clear and snarky statement.

After the meal was over, coffee and tea were served, and a full-fledged meeting began.

It’s not a closed meeting, it’s a public meeting with media cameras.

Again, the CEOs of chaebols expressed their ambitious ambitions to do their best to invest and create jobs. He did not say that the prospects for the future were gloomy or that the economic situation was not good.

The economy is psychological, and self-fulfilling prophecies come true. If you reduce consumption and spending because you think the economy will get worse, you get really bad, and if you increase consumption and spending because you think it will get better, it gets really good.

For this reason, no government is willing to admit the fact that the economy is difficult. This is because the recession is likely to accelerate.

Of course, there is a big difference between being aware of it but not saying it and not being aware of it at all.

I quietly listened to the other businessmen.

“Anyone else to talk to?”

When no one showed up, President Huh Chang-min told me.

“I would also like to say something to CEO Kang Jin-hoo.”

The mic passed into my hand, and the camera pointed towards me.

I got up and said.

“First of all, it is an honor to be able to attend this event. I don’t know much about the economy, but I want to tell you about what I feel while running and investing in an OTK company.”

President Huh Chang-min smiled and nodded, and the atmosphere was friendly.

I went on to say

“The Korean economy is in a difficult situation right now, and many companies are lagging behind in new industries. And you can’t really say that the people here are not at all responsible for that.”

Korean chaebols are closely connected with the political world. If the chaebol groups had been active in fostering new industries, the government would have responded to some degree.

However, chaebol groups were complacent with their past successes. The physical law of inertia also applies to businesses. It’s easier to keep doing what you’ve been doing than to start a new job from scratch. And so far it has worked.

Consumers liked it when they made and released a more comfortable and luxurious carriage than the existing carriage. But somewhere in the meantime, a car was created.

CL Electronics missed out on the smartphone market, and distribution groups Shinsegi and Lite are struggling in the online market.

The successes of the past are now being held back.

Suddenly, the atmosphere became cold. Everyone looked uncomfortable. Now the conversation will be on the news tonight.

“First of all, there are too many outdated regulations. It is true that business activities need regulation, but Korea is too harsh. Even global startups become illegal the moment they enter Korea. This does not mean that the domestic industry is being properly nurtured while preventing foreign companies from entering the country. At this rate, new industries will be deprived of foreign countries within a few years.”

The staff had a look of disappointment, and President Huh Chang-min didn’t look very good either.

He asked, hiding as much discomfort as possible.

“Then what would you like to do?”

“As before, we need to stop procrastinating reforms while noticing the votes of minority interest groups. If it is the right thing to do and it is for the country and the people, then we should proceed without considering the party’s failure or the counting of votes in elections.”

My remarks were nothing more than an outright criticism of the politicians.

In an instant, the atmosphere darkened. No one even made a sound, and President Huh Chang-min’s face turned slightly red.

But I kept saying it without paying attention.

“Governments and businesses need to prepare for the future. There is not much time left.”

President Huh Chang-min nodded his head with a bitter expression.

“Good to hear.”

After that, the conversation continued for another two to three hours.

President Huh Chang-min looked around the businessmen and said:

“Today was a very meaningful event. I think the government’s perspective is different from that of business people in the field. We will continue to work hard, and we will do our best to be of great help to our government. In the future, we will continue to communicate with entrepreneurs through these events on a regular basis.”

* * *

After the Blue House meeting, Kang Jin-hoo’s remarks immediately became an issue.

[Gang Jin-hoo, Heo Chang-min government’s economic policy full criticism!][Korea economy lagging behind new industries][Corporate innovation index bottom… … ][The government and the National Assembly can’t do their job… … ][The Blue House officially acknowledges the recession?]

The ruling New Politics Party expressed regret for Kang Jin-hoo’s remarks, while the Liberty Korea Party raised its voice by criticizing the Blue House and Kang Jin-hoo at the same time.

A few days later, President Huh Chang-min made the announcement in person in front of reporters.

“Through regulatory reform, we will foster new industries and create new jobs. We will set a deadline for newly created regulations and discard them as soon as they are found to be irrelevant, and we will change the regulatory legislation from the current positive to negative.”

A positive approach sets what you can do, and doesn’t allow anything else. On the other hand, the negative method writes down what not to do, and if it does not fall into that category, it is widely allowed.

Naturally, the latter case allows us to respond much faster and more flexibly to industrial changes.

“In addition, if more than 100,000 people agree to a petition for unreasonable regulation on the Blue House website, the relevant ministries will respond and discuss abolition or amendment.”

This is not the first attempt by the Blue House, but an imitation of the White House’s ‘We the People’. As soon as the announcement was released, petitions for the release of regulations poured out on the website as if waiting.

[Let’s abolish the game shutdown system. What kind of crazy bastard made these regulations?][Please allow restaurants and cafes to open terraces and rooftops.][Aren’t you going to remove the Dantong Act?][Korea also needs to share rides.][Restrictions on accommodation sharing should be lifted.][Allow autonomous driving and driverless cars!][Please allow both individuals and short sales.][Please release the upper limit of the moon balloon. Do BJs live on the ground?][Let’s create new regulations on overseas business trips of members of the National Assembly.][Please remove the height limit to activate the reconstruction. I want to raise it up to the 80th floor of our apartment.][I hope to revitalize the drone industry by making reasonable regulations.][It is necessary to introduce telemedicine and AI treatment.](Read more @ wuxiax.com)

There were many petitions calling for unnecessary regulatory reform, but there were also many duplicate petitions, unreasonable requests, or useless content.

However, one particular petition caught people’s attention.

[(Porn regulation deregulation) Has the government ever made our people have happy dreams?]

I want to ask the government. Has the government ever made our people comfortable to watch porn?

Is porn bad? Is it ethically problematic and causes all sorts of problems?

Then, why do they allow the US, UK, France, Germany, etc., whose human rights level is higher than that of Korea?

Porn allowed me to have a blissful time that I had never had in real life.

Maybe I can meet a lover like that too.

Maybe I can (censored) too!

Now that porn is illegal, why don’t our people watch porn?

People are not stupid. I watch pornography because I think healthy adult men and women should be allowed to watch it, and I don’t just look at it randomly, but meticulously check the production company, actors, and part numbers, and look for only good works wisely at a level that does not interfere with daily life.

However, due to some illegal filming, even us who watch normal and legally produced pornography are being treated as criminals.

Thorough management of porn production companies, imposition of taxes, protection of actors’ human rights, and prohibition of access to minors. This is, of course, a system that should be implemented. I am not against it.

Of course, there is nothing difficult about finding porn on the Internet today. Nevertheless, I am raising this petition because it is judged that pornography is the main industry of the 4th industrial revolution in the flow of the times.

Until when do growing up adults have to watch American pornography or Japanese AV that doesn’t fit the Korean situation?

Now is the time for Korea to produce pornography as well.

In a situation where developed countries have already invested in the porn industry and are developing further, Korea is experiencing economic decline due to unreasonable regulations.

Please do not take away the dream of being able to watch Korean porn in Korea proudly.

The petition, posted by an anonymous netizen, quickly spread to other sites.

– It was really the first thing I saw in a while.

– I almost cried watching it ㅜㅜ

-In terms of pornography, Korea is still a colony of Japan!

-We must stop the socialist behavior that relies on the pornography of Western powers!

– When spraying, click Agree.

-The government should loosen regulations on the porn industry!

– Let’s foster a new industry!

– What’s wrong with seeing adult content?

-Click Agree and let’s spread the link!

The petition to deregulate pornography succeeded in getting 100,000 signatures in just two days after it was posted, and a whopping 1 million signatures within a week after that.

It was the shortest time and the largest number of consents among all the petitions.