This Is How I Became a Chaebol - This Is How I Became a Chaebol chapter 113

113 : overturn

“Yes, the terms of Fan Maritime are very favorable to Korea. They said they would join hands if they invest 5.8 million dollars in advance for shipyard design services. After that, he said he would arrange foreign loans for 40 million dollars, provide shipbuilding materials, equipment, and parts, train Korean engineers, and act as a sales agent.”

“What do you mean, even act as a sales agent?”

“Yes! They said they would be responsible for sales on the condition that they receive a fee of $2 million per vessel.”

“haha! It seemed that Korea would succeed. To offer such good terms.”

“That’s right. Israel’s Fan Maritime is much more reasonable than working with an expensive British company.”

Seriously, the fact that our country started the shipbuilding industry is that the scammers smelled the money.

However, I was a bit proud of myself.

If our country seemed to have no money, would it rush to scam only 5.8 million dollars?

Aren’t you supposed to call in at least 50 million dollars to scam the country?

“Deputy Prime Minister, are you saying that you can build a shipyard with 5.8 million dollars? If it is that much, I will lend it without the need to use the government budget.”

“No, what are you talking about? Isn’t 5.8 million dollars a design service fee? They said that we should review the business feasibility and cooperate, but they didn’t even review it and said such stupid things.”

“Isn’t it time to differentiate between the degree of deputy minister fraud? Don’t you know the Incheon Steel Lugir Incident? Fan Maritime is also a design service, so it is obvious that they will send one or two people to draw a few drawings of the garbage and run away.”

“Are you sure you know what I mean? Pan Maritime is a well-known shipping company in Israel. What do you mean by fraud?”

“A mariner? Just looking at it, it looks like an angle. So, if Korea puts in 5.8 million dollars first, you must have said that the capital investment in the joint venture will be done with a letter of credit. A tin letter of credit.”

It is a letter of credit with only words, but it is no different from an empty bankbook with only numbers stamped on it.

If you are a representative of a shipping company, it is very easy.

Even if it’s a genuinely convertible letter of credit, it’s obvious that if you receive $5.8 million, you’ll withdraw the money right away.

“A tin…a tin letter of credit.”

“Then would you like to contribute cash? Really?”

“…That… I can’t reveal that.”

This is why you get hit every day.

If Korea accepts the joint venture, the fan maritime company will start with a flower-viewing card.

If we do a good job and the shipyard succeeds, we will use the 50:50 joint venture to take away management rights, and if things don’t go well, we will sell only trash equipment and parts, throw a can of credit and run away, and if the fraud is exposed in the first place, 580 It’s just eating complaints and splashing around.

Global joint ventures are often scammed even by world-class banks.

Therefore, global joint ventures must start with an unconditional investment. Just as I did in the US to attract a petrochemical complex loan.

“Imja, aren’t you just too suspicious? I don’t know anything else, but the customer said he’d ask for it, isn’t it okay to work together?”

“… that…”

“Your Excellency is right. That’s what the EPB thinks. The Fan Maritime Company will refer customers to us even for a fee. To be honest, how many ship owners would leave Japanese shipyards and entrust their ships to Korea’s new shipyards?”

I tried to explain, but he interrupted again.

In any case, those who have never done business with boats are so naive as they only review documents.

Which country in the world will help develop Korea’s shipbuilding industry into an export industry?

If you get entangled with guys like Fan Maritime, you can only become a subcontracted factory no matter how well you do, and you can’t become an independent export company.

“President, don’t be fooled. It is an attempt to prevent us from meeting our customers face-to-face by using the provision of arranging for them. It is a toxic clause that blocks the market even if you build a boat.”

“No, has President Woo been lied to all his life? The representative of Panmaritime is a member of the National Assembly of Israel, Member of Parliament! What kind of scam does such a nobleman do!”

Aren’t legislators cheating?

Is there anyone in our country’s National Assembly who doesn’t cheat?

Eastern and Western, they are all the same.

“Apart from everything, as long as the price is competitive and the quality is good, there are many customers. There is no need to make provisions that can cause snoring.”

“The Ministry of Commerce and Industry is of the same opinion.”

“You mean to build a shipyard? do you want to stop? What is my reason for rejecting such a good joint venture?”

“Is it mine? There is nothing wrong with President Wu’s opinion.”

After Minister Na Jung-ryeom took my side, the EPB again blushed.

“Well, I’m not a fortuneteller, and you’re asking me to judge whether the Israelites are cheaters or not? Owners, are you really saying that?”

“Mr. President, the terms of the Bank of England loan unlimited payment guarantee may seem exaggerated at first glance, but they are mutually trustworthy.”

“Even though the Economic Planning Board may not know the UK, I don’t believe in the general trend. If the shipyard becomes insolvent, the money must be paid for indefinitely as taxes. Are you saying we should accept that? Isn’t that dangerous?”

Ugh, you’re talking nonsense.

It’s Incheon Steel and I’m the one who revived insolvent companies like the Korea Shipbuilding Corporation. You say I’m dangerous?

And if I mess up the shipyard, will I be safe? Won’t you be dragged into the middle court?

Unless I’m crazy, will I let the bankruptcy go unattended?

I was dumbfounded, so I couldn’t speak.

“Deputy Prime Minister, what are you talking about? Do you not know what the national project promoted by President Woo was like!”

“I, Minister, do not keep defending the general trend, but come up with a reason to give preferential treatment.”

“A privilege!”

bang!

“Everyone be quiet!”

The president slammed the table and growled.

Minister Na and Deputy Prime Minister Bae hurriedly shut their mouths.

“Hey, Imja. There is a point in what the EPB says. Isn’t the British loan also borrowed on condition of importing facility materials? It’s not a scam, where’s the proof that it works? Also, since it’s not an open bidding, it looks like a kickback was received from the general public. It seems like a privilege enough.”

Knowing the facts, it was absurd and forced, but it was not wrong from a third person’s point of view.

“I do not take kickbacks. And, the equipment works just fine.”

“How will the owner prove that?”

“……”

The answer did not come out immediately.

I’m a clean guy who doesn’t take bribes, and I can’t say I’m a heavy industry expert who knows the equipment.

To say that would be tantamount to treating everyone here as an idiot, including the president.

“As the project progresses, it will come out naturally. Trust me.”

I expected that there would be a debate on the scale, but it was embarrassing to express doubts about the collaboration method itself.

“That is what I mean. This money is money and that money is money. Even if he’s suspected of being a con artist, if he says he’ll join us, we’ll have to drag him in and make him spend money on our land. Just think of it that way.”

“!!!!!”

what? Let’s take the scammer’s money, is this?

There is a reason this nobleman led the period of high growth.

It might be more suitable for the 60’s.

Yes, this is the savage age, the jungle age.

This is an era where only the strong survive.

“Yes, Mr. President. My thoughts were short. Deputy Prime Minister Bae Hak-ryeol also has some truth.”

‘Chief Wu, what the hell are you talking about!’

‘it’s okay. it’s okay. Watch.’

Minister Na squeezed my hand tightly under the table, so I gently patted the back of his hand.

“Haha, I thought President Wu would change his mind.”

I liked it when Deputy Prime Minister Bae laughed.

It must be considered that I gave in to the president’s words. yes, like it a lot

“Then, does the owner intend to collaborate with Fan Maritime?”

“no. As the President said, this money, that money, isn’t it all money? The same goes for shipyards. Isn’t it enough for any shipyard to succeed?”

“Ohh!!!”

I don’t know what happened to Fan Maritime in Korea in the original history, but you can do it.

Whether they’re crooks or nabbers, I’ll make them build a shipyard first, and if that goes bad, I’ll take it at a bargain price and that’s it.

Since the intention of approach itself was rotten and they had no presence in history, there was no way they would succeed.

“The Economic Planning Board will start construction with Fan Maritime, and I will start construction separately with the Ministry of Commerce and Industry with Daesae’s capital. Naturally, the competitiveness of the two shipyards, whether it be air or equipment, will be compared, so won’t the dispute over preferential treatment subside?”

“Ha ha ha ha ha! What an idea! What an idea!”

The president even hit the table and liked it.

“No, how should the EPB build a shipyard?”

“Each shipyard needs 250 technicians, 250 office workers, and 4500 craftsmen! Two shipyards create 10,000 high-quality jobs, so let’s work hard together.”

“great! good! Whether it’s unlimited guarantee or subsidy, let’s support it fairly on both sides! How much did you budget for?”

When the topic of jobs came up, the president jumped up from his seat and waved his hands wildly.

I meant not to say anything else.

“Yes, Your Excellency. 20 million dollars are allocated to the shipbuilding industry.”

“Split in half and support 10 million dollars each! Make sure both of you succeed! Whether you build a fishing boat or an oil tanker, do whatever you can. ha ha ha.”

“Please leave it to me.”

It’s a little disappointing to receive 10 million dollars in support, but it’s a success in its own right since it won the condition of unlimited guarantee.

It’s about 10 million dollars, but if Kabla is delivered to Jordan in earnest, it will be able to make up for it somehow.

“Why is the Deputy Prime Minister’s expression like that? won’t you?”

“No, Your Excellency! I will do my best.”

The best is bullshit! I will do my best.

The deputy prime minister had a completely shit-chewed expression.

He must have tried to get the rebate from Fan Maritime and leave the job to me, right?

They thought that if things didn’t go well, I would spend even the poison.

“If the Economic Planning Board asks for help, Daese will be happy to help.”

“… ah… yes…”

“Yes, yes! we should help each other so that the country develops Everyone goes to work, and the owner follows me. I have something to say.”

“Yes, Mr. President.”

It was a meeting that ended with an absurd conclusion, but it was somehow exhilarating. If done well, the deputy prime minister and the chief of staff may be hardened while promoting the shipyard.

***

Tboob. Tboob.

He seemed to be headed for his office, then exited through the back door and entered the garden.

It was in the garden where I first met Van Flint and the President.

Someone has already set the table nicely.

It was just makgeolli and potato pancakes, though.

Squeak.

I poured makgeolli halfway into the bowl and filled the rest with cider. Is it the presidential barracks?

“Good job. The US government also sent a telegram thanking them for arranging this behind-the-scenes contact between Jordan and Israel.”

They say it’s like a snail.

Did you ask about the Middle East when you knew everything?

“I just got caught trying to win the Jordan Canal project.”

“Whether it was caught or not, this case helped a lot in the US presidential election. I’ll try to use it well later. Whether it’s the West or the East, isn’t it like that in the political arena?”

“Yes that’s right.”

What the hell are you trying to say?

I don’t know if the Blue House is different, but the makgeolli was delicious, but it was especially stinky today.

It’s a barracks mixed with cider.

“So, I need you to help me.”

Damn, what more help here.

Even ten bodies are not enough.

“Yes, please. President.”

I had no choice but to speak politely.

“There was one more special that came in the other day. It is said that the Prime Minister of Australia was killed accidentally while swimming. There is a funeral soon, and President Johnson wants to see him there.”

“I guess that happened.”

“What do you think the owner is calling for?”

He said he had something to ask me, so I started with a question.

Are you testing me?

The answer was too easy.

Isn’t Australia also a country that sent troops to the Vietnam War?

“The purpose is probably to request additional troop dispatch to Vietnam. There’s no sign that we’re getting any closer, either militarily or through negotiations. It will be like a thorn in the neck of the Republican Party ahead of the presidential election.”

In the meantime, the surroundings of Quy Nhon and the Mekong River Delta, where the ROK military is stationed, are safe, so the situation was better than in history.

“As expected, it’s not that the owner makes good money with thongs. Let’s go to Australia together!”

“Yes?”

“I have to leave the day after tomorrow, so prepare. Bring the main issues and negotiations.”

‘No, you have to do it in the secretary’s office. Why me…’

Why does this happen at this time?

Did the Australian president die at this time in history?

Damn, how do I know to get there?

“President, I am just a merchant. The summit is a big deal for the country, so how dare I get involved?”

“Did you see what the secretary’s office was saying at the meeting a moment ago? I’m not good at making money! Who made the most money going to Vietnam? Not the owner! Let’s get a lot of support this time.”

“President…”

“The man will do well. Do your best.”

If you tell me to be strong, does it give me strength?

The president held up a bottle of makgeolli, and this time poured a bowl full without cider.

It was a glass given to me, so I had no choice but to shake it off and return home.

***

Is there anything that will help me if I go to Australia?

Isn’t iron ore loaded to the maximum?

Come to think of it, a lot will happen next year.

When US President Johnson falls for lame duck, North Korea also provokes and the North Korean army launches a Tet offensive.

It was also the year when the US inflation problem began to surface.

You should prepare in advance.

OK!

I don’t know how far I’ll go and work, but I know who to meet.