Investor That Can See The Future

Chapter 407

The Liberal People’s Party leadership paused hearings for a moment and entered an internal meeting.

Some lawmakers did not hide their displeasure. Rep. Lee Jeong-hye frowned, and Rep. Ma Sang-tae sharpened her teeth.

Rep. Yeo Hwan-gyu muttered openly as to whether his anger had not yet been resolved.

“I need to fix his burlesque hair.”

Other legislators also clashed.

“There is a degree to which a member of the National Assembly is looked down upon.”

“It would be difficult without the help of politicians, so why don’t you think about bowing your head?”

“After a strong jingle is after a gangjin.”

That was correct. If not Jin-hoo Kang, then what entrepreneur would come to the hearing and act like this?

CEO Yeon Na-kyung couldn’t hide her troubled expression.

I don’t know what kind of wind the Saemangeum new town suddenly started to develop, but without securing a budget through an additional budget and passing related bills in the National Assembly, development will inevitably be disrupted.

As such, I thought that she would bow her head to some extent and ask for cooperation… … It wasn’t much different from last time.

Originally, it was planned to push hard with all of the party lawmakers, but the members of the metropolitan and local cities have already been persuaded. It is not easy to voice opposition while ignoring the public opinion in the constituency.

Rep. Yeon Na-kyung asked in a calm voice.

“Why don’t the lawmakers of the New Politics Party say anything? Weren’t we supposed to press together?”

Rep. Kim Myung-ja bowed her head.

“Ah, it seems you have changed your mind.”

Members of the New Politics Party, whose constituency is in Seoul and the metropolitan area, implicitly promised to urge together measures to deal with population outflow, falling house prices, and reducing investment.

But seeing the members of the Liberal People’s Party break up one after another, he conveyed only a few words of concern and quickly retreated.

One senator asked cautiously.

“What would you like to do?”

The Saemangeum new town project was not started by Kang Jin-hoo suddenly. He only said that he would do what he had been pushing forward in the past and under the last administration in earnest. So he had no reason to oppose it.

He tried to attack what he thought was a vulnerability, but it didn’t have much effect.

Doesn’t OTK Company say that it can do better if it takes the development initiative, or that it will compensate the deficit for SOC projects exempted from preliminary feasibility studies? … But now, even patriotism has been brought out.

It’s being developed with patriotism, what can you say about it?

This hearing was almost as if the Liberal People’s Party was insisting on it. However, if it doesn’t produce any results and ends up being disgraced, it’s worse than not doing it.

Rep. Na-kyung Yeon told other lawmakers.

“If we step back like this, we will be the only ones laughing at us. If our party does not cooperate anyway, Saemangeum development cannot proceed, so we will continue to boycott the supplementary budget and the National Assembly by prolonging the hearing as much as possible. After all, the later the development is, the more regretful it is over there.”

* * *

The hearing was temporarily suspended for rest.

While all the Liberal People’s Party lawmakers gathered together, I also left the hearing room. I drank a can of coffee from the vending machine in the break room.

I think I’ll buy a little more once the sugar is charged.

It’s not that I don’t express myself, but exhausting my heart is no joke. It feels as if you are in the middle of an enemy line with blood and blood. If you make one mistake, you’ll run like a hyena trying to eat carrion.

I roughly sensed the atmosphere around me. Since before, the members of the Liberal People’s Party took turns asking meaningless questions rather than launching an active offensive.

Are you saying that you’re just going to waste your time instead of arguing and getting rid of it?

After dragging it like this, he said that one hearing was not enough, and it would be enough if he did not comply with the supplementary budget review. Then the same thing will happen again.

There are things that businesses can do, and there are things that governments can do.

Factories, offices, department stores, marts, concert halls, apartments, etc. can be made by companies by investing as much money as they want.

But this alone will not make the city successful.

A university must exist in order to nurture the talents that companies need. The reason Silicon Valley has been successful is because there are leading universities including Caltech in California. Outstanding talents from all over the world, not just the United States, flock to the university, and after graduating from the university, many remain there to find a job or start a business. Thus, a virtuous cycle structure is created.

Also, in order to attract talented people from abroad, it is necessary to establish an international school where children can attend. In addition, there are not a few businesses that need approval from the National Assembly, such as large hospitals and foreign casinos.

Every time you start holding onto your ankles, there is no end. That’s why I’m doing this for a hearing that I don’t even need to appear.

What should I do now?

I took out my cell phone and made a call, and the deputy chief answered the call as if waiting.

Taek-gyu said with satisfaction.

[Good! You are doing very well. You can just keep going like this.]

When someone hears it, they think it’s the manager who praises the player who scored the goal.

[The National Assembly broadcast ratings also exceeded 25%. The biggest ever since the broadcast started.]

“… … Huh?”

In a world where it is difficult for popular drama viewership ratings to exceed 10%. But what kind of hearing ratings exceed 25%?

This is because the people are very interested in Saemangeum… … Isn’t it because I want to see conservatives break down, and liberals want to see the Liberal Kuomintang break down?

[Whoa, isn’t this the OTK effect? It’s internal and external, it’s broadcasting, it’s the Internet, it’s all uproar. But doesn’t the hearing pay a fee? If the main character with a rating of 25%, shouldn’t he do something?]

“That’s all right, just do what I said before you come.”

Taek-gyu said as if he knew that.

[Whoa, is there no other choice but to write that? Then continue to suffer.]

I crushed the can I drank and threw it in the trash.

* * *

The three broadcasting companies postponed regular broadcasts, organized and sent out related content, and internet media outlets poured out Kang Jin-hoo’s remarks as breaking news.

Foreign media were also very interested, and foreigners watched the economic hearings taking place in the Korean National Assembly in real time through streaming sites, etc.

However, as the hearing progressed, people felt one big question.

– Why am I doing this hearing, am I the only one who doesn’t understand?

– You said you would look closely at the supplementary police, but why are you only doing this to Kang Jin-hoo?

-Are you telling me to develop Saemangeum or not?

– Is there any country in the world that does that to entrepreneurs who want to invest hundreds of billions of dollars?

-Other countries would treat you like a VIP if you only invest a billion dollars.

– We’ll invest that money in Vietnam. Then he runs to Prime Minister Nguyen Minh and welcomes him.

-Three laps of the playground in a row by countries that want to receive investment from all over the world.

– When is this going to end?

* * *

Hearings resumed, and meaningless questions continued.

The same story has been repeated since before, and when she answered dryly because she was too bothered to open her mouth, CEO Na-kyung Yeon grabbed her pod and stretched out.

She said, “You said that the traditional industry that has grown Korea has reached its limit, which I think is a remark that ignores workers in the related industry. Even today, those industries are the root of the Korean economy. Does CEO Kang Jin-hoo mean to abandon the traditional industry?”

“Why are you abandoning the industry you used to be good at? That is, let’s nurture a new industry while growing it as it is. Just as existing automobiles combined with autonomous driving and battery technology to become self-driving electric vehicles, the growth of new industries will also benefit existing industries. The goal is to develop Saemangeum to create a new growth engine.”

“Why is it called Saemangeum? People are skeptical about tax waste and corporate preferential treatment.”

It is a characteristic of the race of politicians to wrap people’s opinions into what they want to say.

I sighed inwardly and said.

“The number of young people who are leaving Jeonbuk as jobs are disappearing is increasing significantly. I worry about what the future of Jeonbuk will be like if the industry collapses and all the young people leave. In order for Jeonbuk to open a new future, Saemangeum development must be promoted as soon as possible. Saemangeum should be reborn as an economic zone where finance, manufacturing, materials, and bio industries are harmonized. The government must not spare its efforts for the development of the Jeonbuk economy and Saemangeum.”

“I am telling you that if too much investment is focused on Honam alone, the big framework of balanced regional development could collapse.”

I laughed bitterly.

“Don’t you remember? These are not my words, but the remarks made by Na-Kyung Yeon, the CEO, when the Supreme Council was held in Saemangeum.”

At my words, CEO Yeon Na-kyung put on a bewildered expression.

Of course I don’t remember. I’d say the same thing no matter where I went.

“But if you are going to develop it, why are you against it?”

CEO Yeon Na-kyung changed her expression and said.

“Are you against it? It’s not that we’re going to take a closer look so that development can go in the right direction.”

“Well, you would.”

Then, Rep. Ma Sang-tae, who was in charge of the process, shouted.

“CEO Kang Jin-hoo! Be courteous at the hearing! Get your posture right! People are watching!”

At that moment, all of a sudden, the lawmakers began to murmur. Both of you pulled out cell phones from your pockets, and a lawmaker approached Na-kyung Yeon and whispered in her ear.

I also took my phone out of my pocket and turned on the internet.

Breaking news was floating around.

[(Breaking News) The Walt Disney Company Subsidiary Holds the Saemangeum Disneyland Construction Plan](Read more @ wuxiax.com)

[Announcement of cancellation of investment in Saemangeum Universal Studios][Seoseong Electronics, SSK Nix, and Semiconductor Cluster Plan Review][Bio Cluster Stranding Crisis][Ceylon Hotel does not promote complex resorts][Saemangeum investment companies search foreign countries as alternative investment destinations][Golden Gate, Saemangeum, difficult to succeed due to Korea’s political risks, caution to investment companies… … ]

Assemblyman Ma Sang-tae asked aloud.

“How did this happen? Did the president give orders?”

I nodded.

“Yes.”

“What is this… … ?”

“The company’s investment amount confirmed so far is KRW 500 trillion, which is equivalent to 30 percent of Korea’s GDP. Everyone believed the government’s promise to develop a new city in Saemangeum and decided to invest, and I persuaded companies to do the same. However, through today’s hearings, it was confirmed that the politicians had no will to develop Saemangeum. So, instead of pushing too hard, I try to invest this amount in other countries. It’s really sad. If it had been developed as planned, it would have created more than 500,000 jobs and hundreds of trillions of won in economic effects every year.”

Rep. Hwan-gyu Yeo said.

“The economic effect of hundreds of trillions of won. Isn’t that too exaggerated?”

I looked straight at him.

“Currently, Korea’s GDP is 1700 trillion won. Of these, if the Saemangeum new town generates an additional 10 percent, it is 170 trillion won. Do you really think I am exaggerating?”

“Hmm, what is that… … .”

The truth is, it is exaggerated. When you start investing in the first place, the advantages are inflated and the disadvantages are reduced.

I turned my gaze back to CEO Yeon Na-kyung.

“Until now, the ruling and opposition parties have made a promise to develop Saemangeum. And other companies, including myself, believed in it and decided to invest. It takes 10 years or even several decades to make Saemangeum an international city that will lead Korea’s finance and high-tech industries. This would be impossible without overwhelming political support. If everyone supports me, I will make Saemangeum a city that will lead the future of Korea. But if any party opposes it, we will cancel all development plans and make no investment in Korea in the future. So, I ask you to clearly state the position of each party here.”

CEO Yeon Na-kyung jumped up and shouted.

“Gee, are you threatening me now?”

“I’m not threatening you, I’m telling you the truth. Which country in the world treats entrepreneurs who want to invest in this way? I think you’re mistaken, but I’m giving you a chance, not a request. There are many countries other than Korea that want to invest.”

I looked around the lawmakers sitting in the hearing hall and made my last remarks.

“Businesses don’t invest where they aren’t welcome.”