The Highest Level Son of a Chaebol Family - Chapter 355



Only Noblemtl

355. I’ll try my best to explain it to you.

President Shim opened his eyes wide.

“A financial holding group?”

Financial holding group.

This refers to a holding company that combines various financial sectors such as banking, securities, insurance, cards, capital, savings banks, and asset management.

Just as a conglomerate owns subsidiaries in various industries, a financial holding company owns several financial companies.

“Why? I can’t even imagine it.”

That can’t be happening.

It’s not like I didn’t know President Shim from my previous life.

‘After being appointed as the president of Taesung Securities in his previous life, President Shim established a financial holding company by combining Taesung Life Insurance and Taesung Card, thereby laying the foundation for the third generation of hereditary management rights.’

Thanks to President Shim, the third-generation succession of management rights at Taesung Group was carried out very smoothly.

Thanks to that, I also had a salty and fun time.

“Your Majesty, surely… … .”

“If you don’t have the courage, then there’s nothing we can do.”

“Now, wait a minute, Your Majesty! Just a minute!”

The smile disappeared from President Shim’s face.

Instead, his serious face burned with enthusiasm and passion.

“To be honest, yes, I am greedy!”

President Shim did not waver in his modesty.

Instead, he revealed his ambitions openly.

“If you just let me do it, no, please, please let me do it!”

President Shim shouted like a new soldier with military discipline.

“I want to try being the president of the pants club too!”

I like an ambitious man!

President Shim’s eyes sparkled with ambition.

“Your Majesty, it would be difficult to find a better opportunity than this.”

I was in a mode of persuading my boss.

“This incident has made it difficult for Japan to avoid a series of bankruptcies among its major banks. There must be more than one or two banks involved.”

of course!

He deliberately ordered the major Japanese banks to be squeezed to their limits.

President Shim followed my instructions faithfully and excellently.

“Even if the Japanese government steps forward, it will be impossible to stop something of this scale.”

I’m the one who made things this big.

“Isn’t Japan in a situation where it is on the verge of national bankruptcy, Your Majesty?”

Even if it’s someone else’s country’s business, this isn’t something to laugh about.

President Shim laughed, and I laughed too.

“If your Majesty is determined to acquire the Bank of Japan, he will be able to do so very easily.”

The sound of President Shim racking his brain can be heard from here.

“From Japan’s perspective, it would be much cheaper to just hand over the banks rather than risk a series of bank failures.”

That’s it.

So I added one more thing.

“In the same way, we will be able to acquire securities companies, insurance companies, card companies, capital companies, and asset management companies.”

“yes?”

No, why are you looking so surprised?

President Shim touched his forehead.

“It won’t be easy.”

“It shouldn’t be that difficult, right?”

“I need more time.”

President Shim took a deep breath.

“Your Majesty, in the case of banks and savings banks, we have linked them with real estate collateralized loans, but we have not yet touched other securities companies, insurance companies, or card companies.”

That’s true.

Because I had to do several projects in a short period of time, there was so much to worry about.

“Japan is the world’s second largest economy and a financial powerhouse.”

Even in terms of market capitalization, Japanese financial institutions are sweeping the top ranks of global companies.

“Japanese finance is coming up for takeover. Who wouldn’t want it? It will be a takeover battle that the whole world will watch.”

President Shim’s determination was firm.

“If we want to win this fierce battle, shouldn’t we also be fully prepared?”

President Shim glanced at me.

“For that reason, please give me plenty of time… … .”

“How much?”

“At least 5 years… … .”

“Is it late.”

An opportunity like this is unlikely to come again.

When an opportunity comes, you have to grab it.

“Mr. Shim, have you ever heard of derivatives?”

“… … !”

“Futures, options, swaps, etc. There are also various options strategies. Covered calls, straddles, vertical spreads, etc.”

“… … !”

President Shim opened his mouth wide.

“Do you think it will take a lot of preparation and time to link securities firms, insurance companies, capital firms, and asset management companies?”

“Your Majesty, Your Highness!”

“I don’t think so.”

“Oh my, Master! If you do that, you’ll be in real trouble!”

President Shim’s eyes, once bright with ambition, were soon darkened with worry.

“Even if the scale is large, it’s too big! What are you going to do if you get caught and accused of being an economic criminal?”

Anyway, I always think about this guy, but he really has a lot of worries.

“They’ve already touched the real estate market and the banking sector. If they crush the stock market and other financial markets, the stock market around the world will fluctuate! Interpol might even come knocking!”

“Who is crushing the Japanese market now?”

Then it would be such a waste.

“You only need to take one spoonful of rice from a well-prepared table. You have to eat it wisely until you burst.”

“yes?”

Why are you looking so surprised all of a sudden?

Until the real estate bubble burst and Japan entered a period of long-term recession.

For at least 10 years, Japan will be raking in money from the world market.

‘Even if you throw it away, you have to suck it up to the point where your back breaks before you throw it away.’

And what about economic criminals?

I poked my chest with my index finger.

“I’ve been acting legally up until now, haven’t I?”

“……yes?”

Why are you looking so drowsy again?

I shrugged.

“You got a real estate collateral loan from an institutional financial institution. Legally.”

What? Why? What!

It’s not my fault that the amount of real estate I inherited is so enormous, right?

Is it my fault that I am getting a mortgage loan for more than the market price of the property?

“I reinvested that money in the real estate market and the investment market. Legally.”

I made a short-term, high-interest investment using a long-term, low-interest loan from a bank.

The difference in interest rates between the two loans is a whopping 18%!

Moreover, while bank loans were subject to long-term grace periods and only required interest payments, my short-term loans would be repaid with interest and principal when the repayment option was triggered.

The 18% interest rate difference that comes out just by breathing, and the principal is separate?

“I liquidated the private debts under false names and borrowed names and exchanged them for stocks of the company. This was also legally disclosed in accordance with the rules of the stock market.”

It’s just a bit of a shortcut in the process… … Ahem, anyway, the result is legal!

“Of course, the change of government will be achieved legally.”

By the election and voting of the Japanese people!

“We will also legally drag him out of that place. We will even involve the Tokyo District Public Prosecutors Office Special Investigation Division and the National Tax Service.”

“oh my!”

Because I am a person who gives back more than I receive.

Since you mobilized public power first, I should also return the favor in the same way.

“I will definitely pay the inheritance tax and gift tax according to Japanese law.”

A word is worth a thousand words!

I’ve already said it out loud.

“Of course, this is also legal.”

“There’s no way… that’s not possible, right?”

Why is this reaction so unbelievable?

“Without tax evasion?”

“Tax evasion is illegal.”

I waved my index finger from side to side.

“If you commit an illegal act, you cannot avoid being accused of being an economic criminal?”

Then, I have nothing to say even if I get put on Interpol’s wanted list.

“I am the third generation chaebol and the next leader.”

So, all the underground funds are also being legalized!

“There’s no need to take such unnecessary risks.”

“Haaah… … .”

President Shim let out a long sigh.

There was a faint smile on his face.

“As expected, the young master had a plan for everything! Now I feel relieved!”

President Shim cleared his throat with a relieved expression.

“Then, the Japanese financial market and real estate market are just for intimidation… … .”

“It’s not for threats, is it?”

I smiled brightly.

“You know that the inheritance tax and gift tax I have to pay are enormous.”

Japan has the highest inheritance tax rate among major OECD countries.

It is structured with an eight-stage progressive tax rate structure ranging from 10% to 55%.

What can I do?

When in Rome, do as the Romans do. When you want to use Japanese money, do as the Japanese do.

But you know what?

“Didn’t you say that you wouldn’t even pay taxes if the government turned a blind eye to it?”

This must be seen as a skill.

“That’s what I’m doing.”

“Do, Do-ryun, Seo, Surely… …!”

President Shim asked with a shocked face.

“You’re doing this huge thing because of taxes… … ! No, right? No, right?”

Why not?

“What better bargaining chip is there than this?”

“Oh my god!”

“Don’t worry too much.”

Whether President Shim grabs the back of your neck or not.

“I will do my best to make the most of it.”

Hot and spicy!

* * *

“You said you would do your best to find out, so what are you talking about?”

Bang bang bang!

The Japanese prime minister banged the file he was holding on his desk.

“The Japanese Public Security Investigation Agency has stepped in, but how can they say they haven’t been able to catch a single civilian yet?”

“I have no face.”

“Instead of a half-assed apology, you should have brought concrete results!”

bang!

The Japanese Prime Minister’s files were brutally smashed in his hands.

The Japanese Prime Minister was breathing heavily and grumbling.

“I can’t find the owner of JH Investment, I can’t find the owner of Nakamura Real Estate, I can’t figure out JH Investment’s cash flow, I can’t even guess what JH Investment is up to!”

The Japanese Prime Minister’s roar shook the office.

“Is this all the Public Security Investigation Agency can do?”

“I’m sorry, Prime Minister.”

“Do you think I called you here to hear your excuses? If you can’t investigate, you should have at least shut down the Northcorp Gate!”

The Japanese Prime Minister is waving his hand.

On the satellite television screen, CNM was broadcasting again today with large subtitles, excitedly talking about ‘defense industry corruption among high-ranking Japanese politicians.’

“I am speechless.”

“Shut up and speak up!”

“… … .”

“I called you to give me a detailed report!”

The Japanese Prime Minister grumbled.

“It’s nonsense to think that an ordinary person can avoid the surveillance and investigation network of Japan’s Public Security Investigation Agency!”

Where is the Japanese Public Security Investigation Agency?

If the United States has the CIA and the Soviet Union has the KGB, Japan has the Public Security Investigation Agency.

They worked to respond to national security and threats through information gathering and analysis.

“What the hell is the problem!”

“I’ll be honest with you. It seems like a very capable intelligence agent was involved in this.”

The head of the Public Security Investigation Agency wiped away his embarrassed expression with the palm of his hand.

“He is erasing all traces, and he is haphazardly dismantling information, confusing the investigation. There is no way to catch him running wild in the United States.”

“Ha! Where are you from? CIA or KGB?”

“I don’t know. But the skill of moving the detained Korean lobbyists to blow up the Northcorp Gate in no time is extraordinary. It’s a great skill.”

“What the hell!”

“Prime Minister, we don’t have much time, so please prioritize. JH Investment or Northcorp Gate?”

Should we stop JH Investment from destroying the Japanese financial market and eating up the stock market?

Or should we prevent high-ranking Japanese politicians from being eaten up because of the Northcorp Gate scandal?

It was a difficult problem.

“Hmm.”

The Japanese Prime Minister roughly rubbed the back of my stiff neck.

For a while, a heavy silence fell over the office.

Finally, the Japanese Prime Minister opened his mouth in a rough voice.

“First and foremost, block the Northcorp Gate.”

“Yes, Prime Minister.”

First, I have to live and see.

If he gets pulled out of the Prime Minister’s seat, everything is over.

“Instead, I will take care of JH Investment.”

Unlike the Chief of Staff to the Prime Minister, the head of the Public Security Investigation Agency of Japan did not ask, “How?”

He simply reviewed his assigned duties and obeyed orders.

“Yes, Prime Minister.”

Beep-.

The Prime Minister connected the internal call.

The Chief of Staff to the Prime Minister, who was convening an emergency response committee, immediately responded to the call.

“Gather the delegation and go to Korea immediately.”

-A delegation?

On the other hand, the Chief of Staff to the Prime Minister immediately asked back as always.

-Is this an official or unofficial delegation?

“That doesn’t matter.”

Now is not the time to be discussing such things.

-If it’s official, things get complicated. You have to send an official document to the Korean government first. First, you have to decide on the scale. Is it a summit-level or a diplomatic level…

“Including all the children I sent to pay my respects to the Jeong family. I plan to visit twice as many people.”

-… … Yes? Where?

“The Jeong family.”

Instead of suddenly asking why they were sending a delegation to the Jeong family.

The Chief of Staff to the Prime Minister asked something else in a very tense voice.

-Do you think the Prime Minister will go in person?

The Japanese Prime Minister laughed bitterly.

“I guess so.”