He is Already a Tycoon at a Young Age! - Chapter 101



Only Noblemtl

#101

Two days later, in the office of the King of Thailand’s palace.

I was taught by the Royal Thai Palace Minister the etiquette to observe when meeting the King. The core of the etiquette was that everyone must bow down before the King of Thailand.

‘I can bow down a thousand times before money.’

So, it is not difficult to lie down in an awkward position.

‘And the King of Thailand.’

He is like a god to Thai people.

The Thai royal family was still revered because of the king’s good deeds.

‘I can feel the king’s dignity.’

But the next king was different.

In short, he was a gangster-like old man, and at that age, he was exposed to the media wearing clothes like tank tops that only women would wear, and he was involved in many controversies, which significantly damaged the sanctity of the Thai royal family.

‘There is a crime of insulting the king in Thailand.’

Banknotes with the face of the King of Thailand cannot be folded in half.

If you accidentally tore a banknote with the face of the King of Thailand on it, you could end up in jail.

“He is a citizen of the Republic of Korea, the CEO of Pacific Investment Corporation, the largest shareholder of Taean Group, and the fourth generation of the Samjung Group, the largest conglomerate in South Korea.”

The Thai interpreter next to me also reported to the King of Thailand, who was sitting on a chair with the same restraint as me, while lying face down.

“I heard that you promised the Thai Finance Minister that you would make a large investment in Thailand. Is that because you feel sorry?”

An interpreter relayed the King of Thailand’s words to me.

‘I did learn a little Thai, though.’

I don’t speak it perfectly, so I whispered to a Thai interpreter, and the Thai interpreter relayed my meaning to the King of Thailand.

“Rather than feeling sorry, he says it is reinvestment for profit generation. He also says that even if it were not him, someone else would have predicted Thailand’s economic crisis and foreign exchange crisis and invested in the exchange rate to make huge profits. He says that all the current financial crises in Thailand are crises caused by the incompetence of the Thai government’s economic experts and high-ranking officials of the Ministry of Finance, and that it happened because Thailand fell into the playground of foreign invasion capital because the national capital to protect Thailand was not formed.”

“Is it because of Thailand’s incompetence that Thailand has now become a playground for aggressive capital?”

“Yes, that’s right.”

I understood what the King of Thailand said, so I answered right away without going through an interpreter.

“I made a profit of 5.5 billion dollars from my investment in the Thai baht crash. It is not my ability, but Thailand’s incompetence that is the reason.”

The King of Thailand frowned as I spoke Thai slowly.

“The incompetence of Thailand is the incompetence of my King.”

The King of Thailand’s words made my hired interpreter frown.

The civil servants around the King of Thailand have been frowning since I spoke of their incompetence.

“Sir, you must be careful with your choice of words. Thailand has a law against insulting the king.”

“I am prostrating myself like this to meet His Majesty the King of Thailand in order to become a white knight for Thai finance. Of course, I am doing this because my interests are my top priority, but I also want to maintain good relations with Thailand. But how can we improve the crisis without facing reality? Just tell him as it is.”

The interpreter frowned at my words, nodded as if he understood, and then relayed what I said to the King of Thailand.

“Facing reality comes first?”

“Yes. If we don’t face reality and improve, when Thailand’s economy grows to a certain extent and capital is accumulated, foreign capital will do the same thing as before. Thailand’s economy is currently abnormal. It has not succeeded in industrialization, and as a result, its financial foundation has not been established. Thailand is only a tourist paradise and an agricultural country. If things continue like this, even if Thailand grows beyond a middle-income country and becomes the number one economy in Southeast Asia, the Thai people who worship His Majesty the King as a god will always live in poverty.”

“My people will always live in poverty?”

“Isn’t that the case even now? There is no country with such a wide gap between the rich and the poor as Thailand. If everyone were poor, that would be equality, but in Thailand, it is no exaggeration to say that the Chinese and their descendants control more than 90% of the Thai economy.”

The Chinese in Thailand are a bit different from the average Chinese.

‘There are Chinese people who have completely assimilated into Thai society.’

Of course they are the ruling class.

“Hmm.”

“Actually, I had many concerns when I was trying to meet Your Majesty.”

“worry?”

“Yes, I am prostrating myself like this even though I am a foreigner. I understand that if you want to actively invest in Thailand, you have to meet His Majesty the King and report on the kind of business you are going to do. But which capitalist would like to prostrate before His Majesty the King? I am young, so I can prostrate before His Majesty the King, who is like a father to me, but other capitalists will have different thoughts.”

It is difficult to talk for a long time in this position.

why?

‘Because my side hurts.’

So, I think I need to start by improving this attitude.

‘If the king is divine.’

Because if the King orders me to, I can sit on the chair.

“This is a tradition of the Thai royal family.”

“I know. I think it’s right to maintain traditions. But I also know that the Thai royal family has experienced tragedies in the past due to the traditions and rules they have adhered to.”

At my words, the expressions of high-ranking Thai government officials and even my interpreter hardened.

‘The queen of the previous king of Thailand.’

It is said that she drowned while on a boat to meet the King of Thailand, and although there were many Thai people around her, no one came to the rescue of the Queen.

‘To be precise.’

A beggar who can’t be saved.

For a slave or commoner to touch the body of a Thai royal was considered an insult and punishable by death. So who would save a drowning queen?

“What are you trying to say?”

“I want to invest $4 billion in rebuilding Thailand’s finances.”

“so?”

“I would like to report to Your Majesty about the reconstruction of Thailand’s finances in a slightly more comfortable position.”

The King of Thailand saw the palace minister at my words.

“Traditions must be preserved.”

“Yes, that would be so. But Your Majesty, if you look closely, I am also a descendant of royalty.”

“You are a descendant of royalty?”

“Yes, before the country called Joseon, there was a country called the Goryeo Empire, and the founder of that Goryeo Empire is on my maternal side. So I also have royal blood in my veins.”

This is also in the genealogy.

‘actually.’

At that time, King Taejo Wang Geon carried out numerous political marriages in order to stabilize Goryeo.

So, in common parlance, we can say that they are connected by one leg.

“Is that so?”

“Traditions must be followed, but aren’t there exceptions? I am also a descendant of royalty.”

“Hahaha, sit down.”

All the high-ranking Thai officials were surprised by the King’s words. I carefully stood up and sat down on my chair respectfully.

“Dangchagun, hahaha!”

“I am embarrassed.”

“It’s amazing that you’ve made that much money at that age. How old are you this year?”

“I’m 19 years old.”

Now that I think about it, I’m only 19 years old.

‘I started my investment business when I was 10 years old.’

By the age of 19, he had become the investor with the largest investment capital in South Korea.

“Then tell me now how to rebuild Thai finance.”

“I think that before rebuilding Thai finance, we need to strengthen the capital of Thai royal-owned banks.”

“Did you say it was a bank owned by the Thai royal family?”

“Yes, that’s right. In order to rebuild the collapsed economy, we need a focal point, and it has to be someone that all Thais can trust. I think that’s a bank owned by the Thai royal family.”

“I heard you were planning to establish a private investment bank?”

“Of course. I want to set up a private investment bank. I also want to set up a joint bank with the Royal Bank of Thailand.”

“I don’t understand.”

“It is difficult to become a white knight of Thai finance with just one bank. So I think we should defend against foreign capital aggression with the capital of the bank owned by the Thai royal family, the private investment bank that I will establish with the approval of the Thai government, and the bank that the two banks will establish as a joint venture.”

“If you look at it literal, isn’t it foreign invasion capital?”

“That’s right. But the capital created from my profits in Thailand will be capital that protects the Thai economy. I plan to reinvest more than 50% of my financial profits in Thailand back into Thailand, and through that, I plan to promote Thailand’s industrialization.”

“Promotes industrialization in Thailand?”

“Yes, that’s right. Even if I invest a huge amount of capital in Thailand, Thailand won’t become a developed country right away. But if I start investing, Thailand’s economy will become the best in Southeast Asia. At the very least, it will surpass Vietnam.”

Just as the relationship between Korea and Japan is bad, the relationship between Thailand and Vietnam is also bad.

“Surprising Vietnam?”

“Yes, that’s right. Once I establish a private investment bank in Thailand, I will use the capital of the investment bank to establish a Thai motorcycle company. Since Thai people have a weak economy, motorcycles are a means of transportation rather than cars. Until now, they have bought motorcycles from Japanese companies, but Thai people with strong patriotism will ride motorcycles produced by domestic companies. Of course, I have no intention of taking advantage of Thai people’s patriotism and pursuing only profit. I promise that motorcycles made by Thai people will be more efficient and cheaper than those made by Japanese motorcycle companies.”

The King of Thailand nods his head to my words.

“Also, at the same time that I establish a private investment company in Thailand, the two largest electronics companies in South Korea, Samsung Electronics and Taean Electronics, will establish local production plants in Thailand. The plants themselves will be large in scale. Samsung Electronics will establish a mobile phone production plant in Thailand, and Taean Electronics will produce wireless batteries for those mobile phones, and together, the next-generation batteries for all electronic products will be produced in Thailand.”

“oh!”

“All of these things will be remembered as blessings bestowed upon the people by His Majesty the King of Thailand.”

“Did I say that this is a blessing that I am giving?”

“Thais cannot help but be poor because they do not have steady jobs. Thais have few places to work except in service jobs. Of course, they can farm, but Thailand cannot become rich through agriculture. If two large Korean electronics companies establish local factories in Thailand, local Thai entrepreneurs will establish cooperative companies centered around the two factories and produce and supply other parts that go into mobile phones. In the process, if Samsung Electronics and Taean Electronics transfer considerable technology to local Thai companies, Thai companies will also be able to increase their competitiveness.”

“Are you promising to transfer technology?”

“Yes, it’s a win-win. I clearly told the Thai finance minister that I would be a white knight for the Thai economy. As the Thai economy grows, I want to become even richer.”

The King of Thailand stared at me intently as I spoke.

“It is not something that requires my permission, but as the King of Thailand, I support your establishment of a private investment bank in Thailand. I also want to pursue the establishment of a joint bank with the Royal Bank, which is owned by the royal family.”

Okay.

Once a private investment bank is established, it can also pursue casino hotel business in cooperation with a group owned by the Thai royal family.

‘The first step is always the hardest.’

I smiled.