Chapter 300

Apocrypha 29. Hong Jooyoung (28).

The Office of the Prime Minister of Japan.

While silently watching the Japanese fleet smashed and shattered and eventually sunk into the dark sea, Prime Minister Abezo’s loud shout was heard.

“Myungjindo! Japan helped Myeongjin grow this much too! Do you think Myeongjin is different?”

If it’s nonsense, it’s nonsense.

But knowing what that meant, he opened his mouth quietly.

“know. So what?”

In other words, 35 years of Japanese colonial rule.

Shortly thereafter, the Korean War broke out.

In other words, the Korean Peninsula was literally devastated by a series of national tragedies.

It was a bleak situation with no future in sight.

Of course, at the time, Japan received some compensation for damages, but it was not enough.

The economy is also an economy, but the foundation of the country has completely collapsed, and a huge amount of money was needed just to rebuild the foundation of the collapsed country.

I couldn’t give up on the economy either.

But there is no money.

Of course, I couldn’t just print the bills.

That would have caused extreme inflation, and it was a shortcut to economic collapse in the end.

So at that time the government gave preferential treatment to some companies.

That is, it made it possible to import loans from foreign countries.

In other words, it made it possible to borrow money abroad.

You need money to build factories, make products, and hire employees to make those products.

About 5% to 10% of the loan.

It seems like it is now, but what a great privilege this was. At that time, the interest on loans from banks was basically over 40% per annum.

But it didn’t matter.

Even if the interest rate exceeds 40%, there are far more people who want to borrow the money than the money the bank has.

In other words, even if you borrow money from a foreign country at 5% to 10% and keep it in the bank, it was possible to earn close to 40% of profits per year.

Of course, none of the companies that were favored by the government did such stupid things.

It was a time when people bought land and built buildings and factories and made more than just printing products instead of leaving it to the bank.

In other words, most of the companies that can be called large corporations have grown up with such privileges.

It was because the starting line itself was inevitably different from the place where the money was spent in the 5% range and the place where the money was spent in the 40% range, which is not even that much, through fierce competition.

Clearly, Myeongjin, one of the five major groups such as Daesung, Gusan, and Daeyu, was also among the companies that benefited from that preference.

And most of that loan came from Japan.

Although independence was achieved, the 35-year period of Japanese colonial rule left many unfavorable lines and lines on the Korean Peninsula even after independence.

Anyway, that’s what Prime Minister Abezo was talking about.

It is said that Myeongjin is a place that can never escape from that yoke.

But that didn’t make me stop here.

If I have to feel sorry, I am sorry for having played a social role in Korea as much as Myeongjin has become a large corporation like other large corporations through unfair competition from the beginning.

That was all.

After all, Japan did not give money for free, nor did it lend it.

Afterwards, I paid it all back.

First of all, in the meantime.

Woo Ji-Jik. Woo Ji-Jik.

“The upper limit of Myungjin essential oil is not over yet! This is the beginning!”

“Myungjin Jungyu! Myeongjin Construction! Myungjin Electronics! You have to buy things that go into Myeongjin, such as Myeongjin products!”

The Myungjin craze that had blown once again when Myungjin imported crude oil from ExxonMobil and Chevren of the United States struck again.

end