Omniscient Investment Point - Chapter 284



Only Noblemtl

284 Echoes of Hope – 2

(1)

Who are the four major economic leaders in charge of running the country?

First, the Deputy Prime Minister and Minister of Strategy and Finance.

The second was the Governor of the Bank of Korea, and the third was the Chairman of the Financial Services Commission.

Lastly, there was the Financial Supervisory Service Governor, and among them, I had an acquaintance with the Financial Supervisory Service Governor Kang Dae-ho.

However, the person who brought these economic leaders together was Song Jae-hwan, the chief economic officer at the Blue House, so it is no exaggeration to say that he is actually close to two of the five.

‘I can’t deny that I am truly the real power behind this government.’

Was that why?

I don’t know how many reporters interviewed me until the day I met the four major economic leaders.

Some of them even hit the next target.

『Will Jang Su-myeong and Seon Dong-il become the youngest economic officials of the government?』

‘Yeah, no.’

That couldn’t be true, there was no such suggestion, and above all, there was no intention to do so.

The time has come to make this idea clear again.

Because when I was at the company, I heard a rumbling voice.

“You’re not going to take up a public office, are you?”

“That could be the case. There will be a general election next year, so there could be some empty positions among economic officials.”

“Oh, then that won’t work? I heard that our company came in after seeing CEO Jang.”

“Who doesn’t?”

So, after a long time, I sent a heartfelt email to my employees.

In summary, I have no intention of leaving the company and want to create the world’s best group together with my employees.

As expected, I felt the company’s atmosphere change again.

Additionally, as the emails were leaked, they were reported in detail in the press.

‘Wow, that’s too much.’

I realized how much people’s eyes and ears were focused on me, but on the other hand, I felt sorry to see the phenomenon being stirred up by just me.

When the Korean economy was growing rapidly, it was because there were not just one but many heroes, but these days, I don’t see a single notable economic hero among my peers.

Of course, I quickly gathered my thoughts and filled myself with hope, and finally headed to the place where the four major economic leaders were gathered.

“Aren’t you nervous?”

“Me? Why?”

“You see the five economic giants?”

“Why is this happening? I’ve met the President of Korea and the Prime Minister of Japan.”

“Yes, I know. But I feel different from those people.”

“what?”

“I have a feeling that economic policy will be influenced by one word from the representative.”

“That’s nonsense.”

The four major economic leaders were each armed with their own economic philosophies.

How can they be influenced by my words?

“Well, I feel like the fact that I called you today will bring about some major change in state affairs.”

“Yeah. No.”

I denied Kwak Hyun-woo’s nonsense and finally entered the position of the four major economic leaders.

however.

‘What? Why is everyone looking at me with such burdensome eyes?’

Could it be that what Kwak Hyun-woo said is true?

Hey, you’re not going to change the government just because of what I say, are you?

(2)

It was clear that Song Jae-hwan was the host of today’s meeting.

He came forward and introduced each person.

“This is Deputy Prime Minister and Minister of Strategy and Finance Na Byung-soo, next is Bank of Korea Governor Do Jeong-myeong, here is Financial Services Commission Chairman Ryu Seong-ryong, and lastly, Financial Supervisory Service Chairman Kang Dae-ho.”

The reason I introduced him in such a way is because he was already a well-known figure.

I’m the same way with them, so I’ll give you a brief introduction.

“Well then, shall we begin the tea party?”

I declared the meeting open today.

The reason I specifically called it a tea party was to reduce the meaning.

If we had named it a meeting or a discussion, it would have been difficult to avoid the burden of media attention.

But in reality, it was a gathering of the four major financial leaders at the invitation of the chief economic official.

How could it have any small meaning?

“First of all, the reason we gathered here today is because of the forum held by our JTS Partners a while ago. Thankfully, CEO Jang invited the country’s top economic scholars and conducted the event in a way that suggested the direction in which the Korean economy should move forward.”

The other four nodded, excluding me.

Because the expressions were so complicated, I didn’t know what face to make, so I just stayed still.

‘Why are you all like this? You can’t even show humility.’

The atmosphere of the tea party reminds us that even a light meeting can be a heavy occasion.

“It was uploaded as a YouTube video and there were many articles explaining it, so I was really impressed. What do you think?”

“Yes, I agree.”

“Our CEO is amazing and passionate.”

“Yes. It’s called the dark age of the Korean economy, but I guess it gave some hope? That’s why I think the people who saw the article felt somewhat relieved.”

“That’s right. I asked people around me, and they all said it was great. They said that forums like this should be held more often.”

Except for Kang Dae-ho at the very beginning, everyone gave long answers.

‘That guy won’t say much today.’

At this point, the roles of the two people I knew were decided.

One will be in charge of the proceedings, while the other will likely just listen.

Maybe that’s why Song Jae-hwan held the tea party mainly with the other three people.

“It seems like we have given our government some homework to do. What do you think, Minister?”

“Of course. It may be a storm in a teacup, but the media and the public responded very strongly. What was a bit disappointing was that it focused too much on grand narratives. But since I know that I can’t do everything in one day, I’m secretly looking forward to the next forum.”

“Yes. I also felt a bit disappointed when I heard the bold content. So I want to ask Director Jang. Will you host another forum in the future?”

Since Song Jae-hwan’s question was directed at me, I nodded immediately and answered.

“Of course. As the Minister said earlier, we will have to deal with the details next time.”

“Personally, I think it would be good if you could compare it to the IMF and financial crisis. Hahaha.”

“all right.”

Na Byeong-su’s hope is read immediately.

Compared to that time, now is nothing.

Isn’t this the message you want to convey?

‘Well, it can’t really be compared to that time.’

Fundamentally, the average debt ratio of companies is different.

If I remember correctly, it was during the IMF era when corporate debt was over 500%, but now it is managed at around 100%.

but.

“Isn’t the problem household debt?”

“Well, that’s quite the trigger.”

Here, Governor Do Jeong-myeong of the Bank of Korea naturally spoke up.

“In some ways, this is the biggest headache for the Korean economy. Household debt is so severe that individual consumption is shrinking. Therefore, it is very difficult to stimulate the economy.”

“Artificially? Or naturally?”

“Both.”

“Oh, I think differently.”

When we expressed our differences of opinion, Do Jeong-myeong nodded.

“I came today to hear Mr. Jang’s story. Please speak freely.”

“Consumption is a psychological thing. People tend to invest or spend if they think they can earn more even if they are in debt right now.”

“What are the side effects of this, such as an increase in household debt?”

“I think that if you are afraid of that, you will end up neither eating nor drinking.”

“Hahaha, I see.”

Honestly, there was an answer we both knew.

That was the interest rate that took up the most content in this forum.

“If they just reveal the timing of the interest rate cut or give economic entities enough information to make a guess, sentiment will definitely improve.”

“Yes, I will look into it positively.”

Fearing that someone might call him an economic bureaucrat, Do Jeong-myeong ended his speech with a bureaucratic tone.

I quickly turned my gaze to Ryu Seong-ryong, as it seemed that the next person in line would be the Financial Services Commission Chairman.

As luck would have it, it happened to be the exact same name as my favorite great person.

So I was a little bit excited,

“I can’t help but agree with your psychological point. If you look closely, our country is preparing too early for a future that will never come. Not in a positive way, but in a negative way.”

“Yes. Even leaving aside corporate and household loans, we are a country with foreign exchange reserves of over $400 billion.”

“Huh? That’s exactly what I was going to say.”

“Is that so? Hahaha.”

What about Ryu Seong-ryong?

Of all the economic officials gathered here today, he seemed to be the one with the most positive energy.

He didn’t look that old.

Mid to late 40s?

Anyway, he seemed like the youngest of all the Financial Services Commission chairmen I know.

“Foreign reserves can be actively used to defend the exchange rate! I think if the governor just shows this nuance, it will improve sentiment.”

“Heh heh heh.”

Huh? Now even team kill? Do Jeong-myeong looks flustered and smiles slightly.

“And isn’t the stock market actually the place that best reflects psychology?”

Finally, here it is. My area of ​​expertise, and what the Financial Services Commission is dealing with.

“you’re right.”

Maybe that’s why the excitement level in my voice changes.

Should I say that the adrenaline has gotten a little stronger?

“What do you think, Mr. Jang? Since this government came into power, the stock market.”

“Very positive.”

“Yes, there was some volatility in the middle, such as geopolitical risks, but it is an undeniable fact that it has been steadily rising. The stock market is an indicator of the future of the Korean economy. If that is the case, it shows that domestic and international views are not negative.”

“you’re right.”

I nodded in agreement with the task of confirming my thoughts with myself.

At the same time, we are slowly moving on to the last economic official here.

“What do you think, Chairman Kang of the Financial Supervisory Service?”

Didn’t you know my question would come up?

Kang Dae-ho, slightly embarrassed, said this with an awkward smile.

“I totally agree.”

“······?”

“Oh, the stock market too. The Korean economy too. Honestly, when was there a time when it wasn’t in crisis?”

“It was always a crisis.”

“And historically, when have we failed to overcome a crisis?”

“There wasn’t any.”

“Yes, that’s right. I believe that we will definitely overcome this crisis, but I am also convinced that another crisis theory will become prevalent from then on.”

I smiled broadly at Kang Dae-ho’s last decisive words.

Because I was sure about that part too.

“Okay, should we change the subject now?”

Here Song Jae-hwan comes in again.

And then he changed the subject,

“Ultimately, South Korea’s growth engine depends on transformation.”

It emphasizes the ‘era of transition’ that has been advocated since the beginning of the new government.

But I wasn’t bored.

As he said, South Korea had to change in order to develop further.

(3)

I don’t think it’s my fault, but the Bank of Korea governor made an announcement a while later.

『Do Jeong-myeong hints at interest rate cut soon』

After reading the article, the smile on my face grew wider.