I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 172 Hanjin Group goes bankrupt, Li Jae-young takes back the shares
South Korean senior prosecutor Jang Woo-sung received a courier as soon as he returned home. He opened the package and took a look, then he was so scared that he quickly closed the box.

Zhang Yusheng came to the study room with the express box, locked the door, and opened it with trembling hands.

Inside were some documents, photos, etc. The photos showed him having an affair with another prosecutor, Choi Young-hee, and the documents were detailed records of the bribes he received from Lee Jae-yong and others, including the transfer time, amount, account, etc.

There was also a typed letter inside.

"Prosecutor Zhang, I'm Li Jae-young, and you should know what you should do. After this is done, we will be family. If I fail to successfully regain my shares, these evidences will be made public. Think carefully about what to do, and I'm waiting for your reply."

Another senior prosecutor, Song Byung-hun, also received the same express package, which also contained evidence of his illegal and criminal activities such as playing with women and accepting bribes. The main problem was that the women he played with were too young, which is a clear crime, not a moral issue.

same.

Li Jae-young also wrote him a letter, asking him to do what he should do.

As soon as South Korean Congressman Song Seung-woo arrived at the office, his secretary handed him a package. When he opened it, he was so scared that he almost screamed.

Inside are photos of him having sex with some actors from the South Korean entertainment industry. This guy is bisexual and his partners are both men and women. If this gets made public, the consequences will be disastrous, and the entire South Korean entertainment industry and political arena will experience a major earthquake.

"Councilman Song, you know what I want, so do what you should do. I have decided to risk my life this time. Either I succeed or I die. I hope you won't become my companions."

Then, all prosecutors, congressmen, etc. who could help Lee Jae-young regain his shares received evidence of their illegal crimes.

Li Jae-young warned each of them that either they live together or they die together, and they should think carefully about their choice.

These people were all terrified. Perhaps if they were killed directly, they would not be too scared, but exposing these dirty deeds to the public while they were alive would be more difficult for them to accept than killing them.

So, they quickly took action and had the National Assembly and the Procuratorate reinvestigate whether there were any illegal or criminal activities in the dispute over control between Lee Jae-young and Lee Jae-yong.

Li Jae-yong, who was in the detention center, saw the news and started cursing angrily.

"Are these people crazy? Are they all crazy? Don't they want to live? Why are they doing this?" Li Jae-long roared angrily, and he was still puzzled as to why they did this, because he felt that what they were doing was tantamount to suicide.

Can it be easy for someone to be a prosecutor and enter Congress?

These people have already found someone to take the blame and given them enough money to settle down. When the time comes, they can push the person forward to take the blame and get away with it cleanly.

Soon the Bald Eagle family received the news. Seeing that the South Korean National Assembly and the Prosecutor's Office were going to investigate the dispute over control between Lee Jae-yong and Lee Jae-young, they felt that the time was right and it was time to negotiate with Lee Jae-yong.

Just now, the Bald Eagle family sent a representative to the detention center to interview Li Jae-yong.

"Mr. Li, I'm James Humphries, and I'm here to help you with the president's order. Do you need help now?"

Li Zailong rolled his eyes speechlessly after hearing this and asked, "What do you think?"

James Humphries sneered and immediately stood up and left.

Li Zailong quickly shouted, "Wait, wait! We haven't even started talking yet, why are you leaving?"

James Humphries smiled and said, "I think Mr. Li hasn't understood the situation yet. Let's talk again when you understand the situation."

Li Zailong said with embarrassment: "Sorry, sorry, my tone was not good just now. Sit down, sit down, let's talk."

James Humphries smiled, sat down again, and asked, "Does Mr. Li need help?"

"Of course we need to! Those idiots are crazy, you should hurry up and stop them." Li Jae-long said.

James Humphries took out an agreement and placed it in front of Li Zailong, saying with a smile: "Sign it and leave the rest to us. In addition, we will re-issue sanctions against Sihai Group to help you get revenge."

After reading the agreement, Li Jae-yong slammed the table in anger.

"You are taking advantage of the fire! How can I sign this agreement? After I sign it, Sanxing will not be yours? It's not dark yet, stop dreaming!" Li Jae-long roared angrily.

James Humphries smiled and said, "It doesn't matter. When Mr. Li figures it out, he can have someone call me. We are a free and democratic country, and we absolutely adhere to freedom and democracy in everything we do. If you don't want to sign, we won't force you."

James Humphries put his things away, left a business card and left.

Li Jae-yong pounded the table angrily a few times, and then his secretary came to see him.

The secretary whispered, "President, Yang Chen called me, and he asked me to tell you that the mastermind behind this matter is Bald Eagle. Bald Eagle family thinks that you have been disobedient recently and want to teach you a lesson. Yang Chen was also disobedient, so they also took the opportunity to teach Yang Chen a lesson. So they killed two birds with one stone and exposed the evidence in the name of Yang Chen. Soon they will contact you to sign an agreement, making you and Sanxing their puppets, and then they will issue a new ban to Sihai Group. Yang Chen also said that he is not going to resist, because there is no need to resist. But if you want to resist, he can help you, because he also wants to vent his anger."

Li Jae-yong's expression was visibly becoming more and more shocked. It turned out that the bald eagle was the cause of all this.

"Assi, you damn Eagle guys, you actually dared to plot against me! I will never let you succeed, Asi!" Li Jae-long said angrily.

Li Jae-yong immediately wrote a letter and gave it to his secretary, asking the secretary to make dozens of copies of the letter and send them to dozens of government officials, asking them to find a way to get him out and maintain his control over the Samxing Group.

If he failed to get out or lost control of Sanxing, he would definitely let all these people die with him.

If Yang Chen didn't have the criminal evidence sent by the system, Li Zailong might be able to successfully threaten these people.

But now it would definitely not work if he threatened these people who had already found scapegoats.

Sihai Group.

Yang Chen was talking to Li Jae-young.

"Mr. Yang, thank you for your evidence. The prosecutors, congressmen and others have already responded to me. They will do their best to send my brother to jail and help me get back my lost shares. When all my shares are back, I will threaten the shareholders to support me, and I can successfully take back the control of Samxing. When I take control of Samxing, I will never forget Mr. Yang's kindness. In this life, Mr. Yang, please let me know if you have anything to do, and I will definitely do my best to fulfill it." Li Jae-young said.

Yang Chen smiled and said, "I don't expect you to do anything for me. Just make sure my products can compete fairly in South Korea in the future."

"Understood! When I come to power, I will turn Samxing Group into the Samxing Empire, and Mr. Yang's products will be able to freely enter the South Korean market." Li Jae-young promised.

Yang Chen said with satisfaction: "Okay! Then I wish President Li success in seizing control of Sanxing."

It has been more than ten days since South Korea issued a policy banning the export of urea and other fertilizer products. At this time, major ports in South Korea are piled with mountains of goods.

At first glance, urea and cargo transportation seem to have nothing to do with each other, but this is not the case.

South Korea has more than 10 million diesel vehicles, most of which are trucks.

Due to various policies such as carbon neutrality and environmental protection, diesel vehicles need to add special urea to treat exhaust gas before they can be put on the road. 97.6% of South Korea's urea is imported from China, so China's urea export ban has a particularly great impact on South Korea, and it has caused a shortage of domestic urea in just over ten days.

Diesel trucks cannot transport goods without urea to treat their exhaust, which leads to mountains of goods at the port.

The goods on the ships could not be unloaded, and the goods at the port could not be shipped out, and all major freight companies encountered huge troubles.

South Korea's economy was originally very weak, and the freight volume was not large. Now it is neither going up nor down, which has led to serious losses for freight companies like Hanjin Group.

You should know that if the shipping schedule is delayed for one day, the loss will be calculated in millions, and for super large cargo ships, the loss will be calculated in tens of millions.

Many customers chose to complain or even terminate their cooperation with Hanjin Group because they could not receive or ship the goods.

As early as three years ago, Hanjin Group had been declared bankrupt by its creditors. At that time, the South Korean government made every effort to protect Hanjin Group. Through government support funds and Hanjin Group's own funds, a total of 1 trillion Korean won was raised to save Hanjin Group.

But for an industry like shipping, once it falls into a loss-making state, there is a high probability that it will never recover.

Creditors lost confidence when they saw the shaky state of Hanjin Group. Longguo simply introduced a policy to ban the export of urea, which threw the operation of Hanjin Group into chaos. What can be done to save it?

Therefore, these creditors applied to the Shouer High Court for bankruptcy liquidation of Hanjin Group. What was even more surprising was that the Shouer High Court actually accepted the creditors' application and agreed to the bankruptcy liquidation of Hanjin Group.

When this news came out, it not only shocked South Korea, but also shocked the global shipping industry.

As the seventh largest shipping company in the world, Hanjin Group actually went bankrupt and liquidated?

After receiving the news, Zhao Minghao immediately contacted creditors, shareholders, government officials, group executives, etc. to hold a meeting.

"Everyone should have confidence in our Hanjin Group! We are already working hard to increase revenue and profits. Please give us a little more time," said Zhao Minghao.

The creditor representative said: "Three years ago, we applied for bankruptcy liquidation of Hanjin Group. The government departments intervened and even raised 1 trillion Bangu to save Hanjin Group. Now three years have passed, and the 1 trillion Bangu has long been spent, but Hanjin Group's performance has been getting worse year by year. Now, the company can't operate normally just because of Longguo's policy of prohibiting the export of urea. What is the need for such a company to exist? While there are still some assets, we should quickly go bankrupt and liquidate to pay off our debts. In the future, Hanjin Group will slim down and stop doing global business, and focus on Southeast Asian regional business."

The government representative said, "The government is powerless and has given all the support it should have. However, three years have passed and Hanjin Group is getting worse and worse. The government does not want to waste money on a hopeless company. In order to avoid insolvency, we should agree to the bankruptcy liquidation of Hanjin Group now."

Zhao Minghao, chairman of Hanjin Group, immediately said, "No! Hanjin Group cannot go bankrupt and must survive! Please give us a little more time, we will definitely make Hanjin Group survive. Please ask the government to mobilize military urea to the market. As long as the trucks resume normal operation, we will be able to return to normal soon."

The government representative said, "Chairman Zhao, please stop making such frivolous remarks. How can military reserves be moved so easily? Even if the government is willing, other companies will not agree. What will the government do if other companies ask the government to provide them with the same preferential support? Chairman Zhao, forget it. Just reduce the size of the shipping sector. You still have the big stick airlines to make money, so just let go of the shipping sector."

Zhao Minghao asked angrily, "Did Hyundai ask you to do this? Hyundai Merchant Marine has long wanted to snatch our customers, and now they must be hoping that we will go bankrupt as soon as possible."

The government representative replied, "Since Chairman Zhao said so, I will speak directly. Our government does mean to let Hyundai Merchant Marine and other shipping companies integrate your Hanjin Group's international shipping business. This will avoid our internal competition and increase Hyundai Merchant Marine's international competitive advantage. Instead of wasting another 1 trillion Bangbi for you, it is better to use it to subsidize Hyundai Merchant Marine and increase their international competitiveness. Chairman Zhao, forget it."

Zhao Minghao was very unconvinced and started cursing at the creditors and government representatives.

But the South Korean top brass has already set the tone, and no matter how he struggles, it will be useless.

That afternoon, the Supreme Court of Shougang issued a notice, formally approving the bankruptcy liquidation of Hanjin Group.

Yang Chen called Zhao Minghao after seeing the news.

“President Zhao, why are you so fragile? You collapsed just because the export of urea was banned? Why did you go bankrupt and liquidate?” Yang Chen asked.

Zhao Minghao said angrily: "This is all your fault, isn't it? It was you who asked the Longguo government to ban the export of urea, right? You knew that Hanjin Group was in financial difficulties, but you deliberately created the last straw that broke the camel's back. You are so bad, you are a bastard!"

What he said was absolutely right. Hanjin Group was walking on thin ice and was in danger. Yang Chen discovered this and used only a urea ban to create the last straw that broke the camel's back for Hanjin Group.

If anyone were a creditor of Hanjin Group, seeing that a mere urea export ban had thrown Hanjin Group's operations into chaos, they would definitely not want to waste time waiting for it to get better, and would quickly apply for bankruptcy liquidation before it reaches the point of insolvency, so as to avoid getting nothing in the end.

“Haha… Weren’t you very arrogant before? Didn’t you say you wanted to see how I would make Hanjin Group go bankrupt? I have met your request now, why are you still scolding me? Shouldn’t you thank me for fulfilling your wish?” Yang Chen said with a smile.

"You...you...you're making me so mad..." Zhao Minghao spoke incoherently, gasping for breath and feeling like he might suffocate at any time.

Yang Chen smiled and said, “Tsk tsk tsk… Look how angry you are. With this physical condition, how can you enjoy Zhang Yuanying? You have an airline in your family, right? If you don’t admit defeat, I will attack your airline.”

"You...you..." Zhao Minghao called out "you" several times but no one responded. Then a panicked cry for help came from the other end of the phone. It must be that the old man had fallen down.

Of all the industries in South Korea, only the semiconductor industry can still survive, and all other industries have been replaced by Longguo. These idiots are still unable to recognize the reality and even dare to compete with Yang Chen.

A small urea ban can throw South Korea's ports into chaos. You can imagine how fragile the country's economy is.

According to the economic data released by South Korea in 2023, South Korea's total export trade accounted for 48.53% of the total economy, the total import trade accounted for 48.27% of the total economy, and the total import and export trade accounted for 96.8% of the total economy.

Given this degree of dependence on foreign trade, South Korea’s economy will experience drastic changes if there is any slight disturbance in the major import and export markets.

For example, if the price of cabbage exported from eastern Shandong to South Korea increases by a few cents, the people in South Korea may not be able to afford kimchi. It is that sensitive.

A country like this still dares to fight with Yang Chen, isn't that definitely seeking death?
Sanxing is just benefiting from the semiconductor industry, so Yang Chen cannot kill it for the time being. However, if Yang Chen or other companies in Longguo can achieve breakthroughs in the chip industry and other industries in the future, the end of Sanxing will also come.

At that time, Longguo will be able to completely replace all of South Korea's industries. Whether South Korea lives or dies depends entirely on whether Longguo is willing to let them die or live. This day will definitely not be too far away, and it can be realized in 3-5 years at most.

South Korea is destined to be a country without a future.

Let’s talk about Sanxing.

After efforts by prosecutors and lawmakers, the Supreme Court of Seoul formally tried the case in which Lee Jae-young was intimidated into giving up his shares in Samheung.

Lee Jae-yong also appeared in court. When he saw that prosecutors and lawmakers had all put forward scapegoats to take the blame, he knew he was doomed to lose.

Even if he stood up now and testified against the prosecutors and congressmen who were actually bribed by him, it would be useless because these prosecutors and congressmen have already transferred all the evidence to the scapegoat.

In the end, the court declared that Lee Jae-yong's acquisition of Lee Jae-young's shares was illegal and returned the 15% stake in Samheung Group held by Lee Jae-young in accordance with the law.

Li Zailong immediately roared: "You bastards, you will not die well! You want to abandon me, but it's not that easy! I will make you pay the price, every one of you, and your family, will die!"

Li Zaiying immediately said, "Brother, please save some dignity for yourself. You will only make everyone laugh at you like this, and it will not have any other effect. You originally obtained control by illegal means, and now it is just returning it to its original owner. Don't be too anxious. After all, you and I now each have 15% of the shares, and it is still uncertain who will ultimately control the Sanxing Group. Isn't it? If you offend everyone with this attitude now, won't you put yourself in a disadvantageous situation?"

Li Zailong pointed at Li Zaiying and scolded: "Ah Xi, don't be too proud! I tell you, this matter is not over yet, I will definitely turn the tables, just wait and see!"

Li Jae-young smiled and said, "Okay, I'll wait and see how you turn the tables!"

(End of this chapter)