I Became Park Jeong-ui’s Nephew - Chapter 335



Only Noblemtl

He became Park Jeong-ui’s nephew. – (335)

[A wolf in sheep’s clothing goes to Korea]

[Can Marshal Park Sang-geun and Chairman Anor become friends?]

This is France,

A businessman’s actions attracted public attention.

A wolf in sheep’s clothing is Bernard Arnault, the richest man in France and the chairman of the board of directors of luxury goods manufacturer Dior.

In France, Bernard Arnold is notorious for being a shameless man who only cares about money.

As a condition of acquiring the company from the French government, the company promised not to lay off workers, but as soon as it acquired the company, it carried out a restructuring that laid off 9,000 of its 11,000 employees, creating numerous unemployed people through management that was only concerned with profit.

But behind that, there is also a reputation as a god of management.

Anyway, isn’t it true that Anor saved a company that was on the verge of collapse?

However, his management style has now reached its limits.

The rich of the 21st century made their money by borrowing money from banks to acquire companies, then selling the profitable sectors at high prices to make a profit.

Bernard Arnold also learned the method in the United States and accumulated money by merging and acquiring French companies.

The problem is that that’s no longer possible.

If a guy who took over a company with someone else’s money (a bank loan) picks out only the company’s most profitable areas and sells them off, how many workers will be laid off in the process?

Bernard Arnold also fired workers and made a profit by doing the same, but this type of merger and acquisition only disrupts the global market and labor structure.

This is why AOPR has severely restricted bank lending,

It was legally prohibited to buy a company with someone else’s money.

■ AOPR Executive Order of the Minister of Finance

[When acquiring a company, the bank loan amount must not exceed 50%.]

[Even if restructuring is carried out, more than 30% of the total workforce cannot be laid off.]

This policy was widely welcomed in France.

With AOPR controlling the economy, the job market has stabilized, so there is no reason to oppose it.

In addition, thanks to the Korean government’s efforts to maintain the original form of over 1,000 French energy companies without breaking them up, jobs have actually increased compared to before.

So did Bernard Arnold flee to the United States to avoid AOPR regulations?

That’s ridiculous,

The US is also subject to AOPR regulations, so where are you running away to?

In addition, to produce luxury goods, you need to hire workers and mass produce, and that workforce exists in Korea.

Korea is the world’s second most populous country with a population of 530 million.

India also has a population of 800 million, but its infrastructure is poor and does not have the structure to produce luxury goods.

In the end, this means that if Dior, run by Bernard Arnold, wants to make a stable profit, it must enter the Korean market and utilize the manpower in that market.

Even if you escape from AOPR’s influence, it’s still in the palm of Buddha’s hand.

The problem is how the Korean leader treats Bernard Arnold. The Korean leader runs Daehan Transport, which has branches all over the world and employs over 20 million workers.

This means that he is not someone who splits the company and fires workers to make a profit.

Daehan Transportation is the company responsible for the livelihood of the largest number of workers in the world, and its influence is not at the level of a luxury brand.

The corporate value of Daehan Transportation is $225 billion, while Dior’s value is just over $1.1 billion.

With a difference of over 200 times, can a conman gain the upper hand in front of that absolute powerhouse?

World opinion was delighted that a wolf in sheep’s clothing had found its master.

[All Bernard Arnold can show to the Korean leader is his fraudulent skills of selling a bag that originally cost 8,000 won for 400,000 won.]

[It is time for the fraudsters who buy companies with other people’s money and take only the yolk to be dealt a hammer blow.]

Public opinion hopes that Bernard Arnold will fall on this occasion.

All the world’s attention was focused on Geumneung.

***

“Your Majesty, we have a guest.”

“Let me in.”

This is Geumneung,

I welcomed guests at my private residence.

The identity is Bernard Arnold, the head of Dior.

Even world-renowned businessmen are helpless in the face of power.

The fate of the wolf in sheep’s clothing is now in my hands, and the wolf, having figured out the subject, bowed his head before the tiger.

“Your Majesty, it is a pleasure to meet you. My name is Bernard Arnold.”

“What are you doing here?”

“That’s… I want to try doing business in Korea.”

“Business? Aren’t you a wanderer who travels the world, avoiding taxes and regulations?”

The wolf in sheep’s clothing broke out in a cold sweat.

I’m not criticizing you now, I’m just stating the truth.

France was a right-wing country until 1980, but when the Socialist Party came to power, they imposed heavy taxes on the capitalists, and Bernard Hannor fled to the United States to escape taxes and regulations.

There, he learned how to buy and merge companies with other people’s money.

He then returned to France and swept up French state-owned enterprises.

But that was only for a short while, as AOPR’s regulations took over French society, he fled back to Korea. How can a person who moves his butt according to his own interests have the decency to do business in Korea?

I am now paying for the karma I have accumulated over time.

Still, I listened to his story because I saw his sincerity in coming all this way.

“As you know, your Majesty, producing luxury goods requires manpower and infrastructure. If Dior is to survive, it has no choice but to borrow the power of the Korean market.”

“That’s the problem. Aren’t you the kind of person who would cut down workers like a knife for profit? Why should I trust you and give you the Korean market?”

“We will never fire workers. I promise you that.”

“Words alone won’t do. You have to hand over your 20% stake in Dior to Korea.”

Bernard Arnold broke out in a cold sweat.

This is a problem that could shake management rights.

He has acquired and merged over 70 companies so far to build his own empire, so would he want it to be run by someone else’s influence?

Bernard Arnold reduced the percentage of shares to be transferred to Korea to 10%.

“I promise you, we will hire local workers and never lay them off.”

“So how can we believe that? Didn’t you say the same thing to the French government when you acquired the French company? I don’t trust what you say. If you don’t want to hand over your stake, look for another market. Korea isn’t the only place in the world where you can do business.”

“Ha… but… .”

“I know, from Dior’s perspective, there is no market that can generate as much profit as Korea. I am the one holding the knife. So, stop thinking about roasting me, because if you try to roast me, you might end up getting roasted yourself.”

Bernard Arnold, who was pushed to the brink, handed over his 20% stake to the Korean government.

Now that AOPR has taken over the world, regulations are unavoidable no matter where you go, and the empire that Bernard Arnold spent his entire life building has collapsed.

The situation is the same for other companies,

Since it is impossible to borrow money from others to acquire a company, private equity funds and various financial products have also been hit hard.

***

“According to the Act on the Restructuring of the Financial Industry, the merger of banks must be approved by the World Financial Commission. The purpose of the merger is solely to promote the rationalization of the financial industry and financial restructuring, and the merger or conversion must not cause a contraction of financial transactions or disadvantages to existing customers.”

This is New York,

The announcement by AOPR’s Treasury Secretary Paul Goldman shook U.S. financial markets.

If you think that mergers and splits only happen in corporations, you are mistaken.

This is also rampant among banking institutions in the United States.

Recently, in the United States, the 11th largest bank in terms of assets is pursuing a merger with another bank due to poor performance. What will happen to the financial market if this happens?

This year alone, 60,000 people lost their jobs in banking.

Some say that the bank had no choice but to lay off people because of poor performance, but they need to tell the truth.

Mergers and splits inevitably create a large number of unemployed people.

Just as the French conglomerate Dior cut thousands of jobs when it acquired a company, so too in the United States, a handful of capitalists are causing harm to millions of people.

Are they really merging banks to clean up the insolvent banks?

Or is it about creating a large number of unemployed people by splitting up and merging companies and having some people party with money?

According to the Federal Deposit Insurance Corporation’s (FDIC) quarterly report, the four largest banks in the United States accounted for 40% of all banking profits.

While the big four banks saw their quarterly profits rise by 23%, the other banks saw their profits fall by 19%. So did these big banks just come into existence overnight?

It was born by taking over small banks.

Can we predict how many people will lose their jobs and how much wealth inequality will worsen in the process?

Last year, 319 banks merged with the Big Four, and while the Dow rose 4.5%, the stocks of the Big Four banks rose 29%.

The question is, does this make sense?

Even if the capitalists make money, they cannot eat the workers’ rice bowls.

Paul Goldman cited Korea Express as an example.

“I heard this from Marshal Park Sang-geun. For businessmen, making money is not the priority. First, the people working at my company and those around me must make money so that I can make money and the government can collect taxes. Marshal Park has kept this principle for the past 46 years, and in the process, there has never been a single case of splitting up a company or merger or acquisition for cash.”

This statement was based on fact.

Has Daehan Transportation been cutting and splitting up companies to get only the yolk? Or has it been restructuring on a large scale?

That never happened, and as a result, Daehan Transport was reborn as a national organization supporting 20 million workers.

A completely different attitude from capitalists who split up companies to make money and use mass unemployment as a passive means.

And this kind of corporate management made Korea’s leader a world leader.

Bernard Arnold is the world’s richest man with $4.3 billion? So how many people respect this guy?

Even in France, curses were poured out telling him to die quickly; a slave obsessed with money could not receive the respect of the world.

Power follows people, and AOPR knows this, so while it eased regulations on corporations, it strictly controlled mergers and acquisitions.

The power of AOPR comes from its inclusiveness in embracing the majority of workers, and people around the world now know that.

This is why France accepted the control of the AOPR without any resistance, and now there is nothing to be rough about. The AOPR’s administrative ministers hastened to establish a world government.

Promoting the establishment of a world integrated bank with the consent of heads of state from each country.

A World Financial Council and a World Government Council were also launched to oversee this.

All that remained was to elect a world government leader to control them all, and the administrative ministers nominated South Korean Marshal Park Sang-geun as their candidate.

Now is the time to break out of the mold of Korea and become the ruler of the world.

However, the South Korean military showed a cautious attitude.

[For the time being, the world government will be operated by a cooperative system of five administrative ministers, and the Korean leader will continue to be responsible for military command as the Commander-in-Chief of the AOPR.]

[The World Financial Commission will elect 16 members, and the qualifications for each candidate to be elected will be determined by World Government law.]

[The number of seats in the World Government Council is set at 1,965, and the detailed regulations are decided through consultation between the five executive ministers and the heads of state of each country.]

A world government that has already started, but has not yet elected a president.

The heads of each country headed to New York to attend the meeting.