Chapter 317

Chapter 317

Kang Jin-hoo publicly said he had no intention of returning 14.97 million Toyota shares.

The Japanese people were outraged, and the Japanese government was busy preparing countermeasures. Someone must be held responsible for the loss.

The only way to avoid liability is to get your shares back!

Japan mobilized all diplomatic channels to pressure the Korean government.

Foreign Minister Okamoto said.

“The Japanese government deeply regrets the remarks made by President Kang Jin-hoo, which insulted the Japanese people and adversely affected Korea-Japan relations. We ask that OTK Company and the Korean government take action immediately in a responsible and sincere manner.”

The Blue House made a statement through a spokesperson.

“OTK Company is located in the United States and is an American company that invests the most in the United States. Also, disputes between individual companies are to be resolved through litigation, not a matter that the Korean government can intervene.”

In fact, even if I wanted to help, there was no way. Therefore, the Japanese government only asked for unconditional action, but there was no specific request for what to do.

At this point, the Liberal National Party came out as a relief pitcher.

Not long ago, the Liberal National Party elected its party leader. The newly appointed representative was Rep. Yeon Na-kyung, a four-term senior member of the National Assembly, and after the presidential defeat and the arrest of former President Park Si-hyung, the pro-Park and non-Park groups had a fierce confrontation.

Rep. Yeon Na-kyung, who was given the title of party leader, rebuked with a confident tone.

“We, the Liberal People’s Party, express serious concern over the international condemnation of this incident and the uniformity of Korea-Japan diplomacy. We must bear in mind that if Korea-Japan relations deteriorate, only we will lose. What kind of money is that? Aren’t the Japanese people money for old age? As it is an accident that occurred by mistake, OTK Company should take proper measures to return it. I hope that the Blue House and the ruling party will come forward and take appropriate measures to make that happen.”

As the remarks went out, the internet went wild.

-Kyung Na Na~ Do you remember what Moshikashi Hansoo Securities said when the bankruptcy and ETO employees and shareholders shed tears of blood?

– I am a minority shareholder of Hansu Securities. After the Japanese Supreme Court ruled that there was no liability for compensation, when lawmakers from the New Political Party protested against Japan, it was Rep. Yeon Na-kyung who said that the judgment of the Japanese court should be respected for the sake of Korea-Japan relations.

-If you are conservative, please act like a conservative. Why are alternative conservatives on the side of Japan?

-If Korea-Japan relations deteriorate, why are we the only ones at a loss?

-right. Isn’t the ROK-US alliance stronger than ever thanks to Kang Jin-hoo?

-So, what is the appropriate action our government should take? Is it okay to catch him after a strong earthquake like Park Si-hyung did?

– Yes, yes. If possible, put it in the room next to Park Si-hyung. Take this opportunity to reconcile the two of you.

Criticism from public opinion poured in, and reporters flocked to the company.

CEO Yeon Na-kyung went on to explain.

“For South Korea’s security, relations with Japan are very important. I said it with the intention that it would be resolved amicably, so please do not misunderstand.”

Reporters kept asking questions.

“Didn’t you say that politicians should not interfere in business between companies during the bankruptcy of Khansu Securities?”

“Do you remember when I told the Japanese government to stop protesting, as mistakes in ordering are the responsibility of the company?”

“Do you have anything to say to the minority shareholders of Hansu Securities?”

“OTK Company is an American company, what kind of action do you want to take?”

“Please be clear!”

CEO Yeon Na-kyung said as if frustrated.

“Some people are talking about the Khansu Securities incident, but these two cases are fundamentally different. It’s difficult to keep comparing them on the same line.”

“What is the difference?”

“Isn’t the amount different? The loss of Khansu Securities is only 120 billion won, but the Japanese public pension fund’s loss is 25 trillion won. But how can you say these two are the same? If you thought that all the shares of Seosung Electronics held by the National Pension Service were transferred to a specific Japanese company, how would the Korean people feel? I would like you to change your position like this and consider the feelings of the Japanese people. Think about the shock and disappointment that the Japanese people must have felt.”

“… … .”

The reporters were at a loss for words.

-Ah yes. Japan does not need to give back Korea’s 120 billion won loss, but Japan’s 25 trillion won loss should be returned. I was impressed with hearing it.

-Yes. It’s only 120 billion. Because of that 120 billion won, some lost all their fortunes, and some jumped into the Han River.

-It’s the situation of the Korean people anyway, do you need to take this into account? What is important is the shock and disappointment that the Japanese people must have felt. Hahaha! ahaha! ㅆw.

– What country party is that?

-After all, Jiyukoku Democratic Party!

– Nakyung-chan Sugoi! Nippon no Tameni Moto Ganbate!

-I don’t understand why, but why does the opposition leader understand the feelings of the Japanese people?

– Was that person the leader of the first opposition party in Korea? I’m a former Liberal Democratic Party spokesperson.

-Is the Liberal Democratic Party an abbreviation of the Liberal National Party?

– Do not misunderstand. Since CEO Na-kyung Yeon considers herself to be Japanese, she is right to be patriotic.

-Why are you killing our emperor, the emperor!?

-Are you participating in the Self-Defense Forces founding commemorative party with Ri Jeong-hye again this year?

– So who elected him as the party leader?

– The Liberal National Party is a party owned by Rep. Na-Kyung Yeon! Never ignore it again!

– It’s really varied.

The bankruptcy of Khansu Securities suffered a lot of damage to minority shareholders, and most of the people were opposed to Japan’s recent hardline attitude, leaving the liberals and conservatives behind.

At the words of Na-kyung Yeon, the approval rating of the Liberty Korea Party plummeted by 8 percent.

* * *

This Nishida Securities order mistake is just one of the common accidents in the financial world.

However, there are three main reasons why this is a problem.

First, the amount is too large. Second, Toyota is a symbolic company in Japan, and third, it is the retirement asset of the Japanese people.

The last one is the biggest of the two.

It would have been no problem if the tax had been blown away like this. But it is a public pension fund. It is the money that the people put together by saving a penny or two from a small salary, and it is money that should be returned after retirement.

Prime Minister Okazaki even made a phone call to ask the United States for cooperation, but it was rejected.

“The CEO is Korean, so ask the Korean government. As the transaction has taken place normally, there is no other way unless the parties are willing to return it.”

Japan’s network of connections is spread all over Washington, and its lobbying power is also strong. Most likely, the US would have sided with Japan, but this time the opponent was not good.

Kang Jin-hoo is a hero who saved America from crisis.

Therefore, American politicians alike, Democrats and Republicans, all had a grateful heart for Kang Jin-hoo.

The Japanese government provoked anti-Korean sentiment as much as possible and shifted the blame to the Korean government and OTK Company. However, in Japan, there were also theories of responsibility for the government.

To evolve public opinion, Finance Minister Matsukata personally held a press conference.

Finance Minister Matsukata answered reporters’ questions, accusing the Japanese government of trying its best to reclaim the stock, accusing the OTK Company and Kang Jin-hoo of using an order mistake to acquire stock and not returning it.

“Isn’t there a problem with the public pension fund management system itself?”

“Are there any measures to get the stock back?”

“Toyota shareholders are worried.”

“What is the cause of the order mistake at Nishida Securities?”

“Who will be held responsible for the loss of the public pension fund?”

“Tell me what to do!”

At the reporters’ questions and interrogations, Finance Minister Matsukata said he was displeased.

“Even if we say the amount we lost right now, it is less than 1.5% of the total operating amount. That is a loss of only 15,000 yen out of 1 million yen. Depending on the market conditions, this amount can be lost as much as you want, and it can be compensated for if you manage it well in the future. So, please refrain from reporting that raises public concerns for nothing.”

A loss of 15,000 yen out of 1 million yen and a loss of 2.3 trillion yen out of 150 trillion yen are the same. But these two are completely different.

Because the absolute amount differs astronomically. So, the bigger the pension fund, the more likely it is to risk 0.01% of the profit.

First of all, is that what the people are saying to blow away 2.3 trillion yen in retirement funds?

The Japanese people who saw the press conference literally exploded.

-Chick show! Do people look stupid?

-If it’s such a small amount, pay it back by earning it yourself!

– Take responsibility and take responsibility!

– Find out what the deal was with Nishida Securities and the LDP!

– Give me my money, cub!

– Seize all the salaries of the LDP lawmakers right now!

-die! just die!

* * *

While public opinion in both Korea and Japan fluctuated, conservative groups that appeared around this time also rose up.

A protest was held in front of the company after a long time. The Japanese flag flew along with the Taegeukgi and the Stars and Stripes.

“Punish Kang Jin-hoo, who aggravates the Korea-US-Japan alliance!”

“If the alliance with Japan is broken, North Korea will invade!”

“Release President Park Si-hyung!”

“Arrest financial criminal Kang Jin-hoo!”

“Get out of the speculators!”

“Give me back the stock, you bastard!”

About 300 people gathered. Unfortunately, it has decreased a lot compared to when it was in its heyday (?).

Taek-gyu looked down at him and muttered.

“Looking at this, I think Korea is a very good country.”

“A country with freedom of assembly and demonstration.”

Even though the government has changed, the people can freely raise their voices. How many countries would this be?

Seeing how democracy in Korea has developed to this extent makes me proud.

But since when did Korea become an alliance with Japan? There is the Korea-US alliance and the US-Japan alliance, but there is no Korea-Japan alliance or the Korea-US-Japan alliance.

I spoke on the phone with Chairman Jin-Yong Lim, Warren Boat, James C. Goldman, and Chase Southwell. They congratulated them and asked about their future plans. Through the introduction of Hyun-joo’s older sister, I spoke to Robert Akiyama, the Japanese branch manager, once.

Until a few days ago, Toyota’s largest shareholder was the Japan Public Pension Service, but now it has changed to OTK Company.

Investors around the world have shown great interest in the event. Everyone was wondering what I would do with 14.97 million Toyota shares.

In terms of sales, Toyota was once the world’s No.

Not to mention its technological prowess for existing cars, it is considered one of the leading groups in the competition for future cars. There are many people who covet Toyota.

Hedge funds, PEFs, IBs, and competitor companies were asked to sell their stocks in block deals. Among them, the most active company is Zhou Tea.

Zhou Cha is the most active in mergers and acquisitions of foreign automobile companies. He has abundant cash and has a history of acquiring stakes in Volvo and Daimler AG.

Above all, it operates Zhou Toyota, a joint venture with Toyota in China. According to the law, the stake is 50/50.

As such, the 10% stake in Toyota is inevitably a coveted prey. If you get it, you will be able to exercise your power in the Toyota Main Assembly and control the joint venture.

Vice Chairman Wang Yi-chang contacted me.(Read more @ wuxiax.com)

[Hello, CEO Kang Jin-hoo. How were you?]

“Yes. long time no see.”

It’s a friendly voice, as if nothing had happened.

[I apologize once again for what happened last time. I want you to forget the past and open up the future together.]

If necessary, it is the nature of a company to be able to join hands with the enemies of the past. For reference, Zhou Cha is paying $ 93 million to Karos in installments as compensation for technology hijacking.

“What did you contact me for?”

[Nothing else… … .]

The purpose is to sell Toyota stock. He expressed his intention to buy all 14.97 million shares.

[Waiting for a positive reply.]

“Okay.”

When I hung up, Taek-gyu asked.

“What did you say?”

“I want to sell Toyota stock.”

Taek-gyu said it as if it was absurd.

“I didn’t post it because it was sold cheaply in used country, so why do I get so many calls?”

“That’s it.”

How many days is it already today?