The Peninsula chaebol started by rescuing Samsung's little princess.

"Lotte is a company I founded, and I own 100% of its shares! Who dares to judge me?"

On television, 93-year-old Shin Kyuk-ho appeared in a Seoul courtroom in a wheelchair.

When questioned by the judge, he threw down his cane and roared in Japanese.

Yes, it's Japanese!

In a dignified courtroom on the peninsula, a peninsula tycoon was actually shouting in Japanese!

Everyone knows that conglomerates are arrogant, but you can't be this arrogant!

At that moment, the audience in the venue and those watching on television thought they had returned to 1910, and that the Japanese devils had invaded again!

It's obvious to everyone that in Shin Kyuk-ho's mind, he either forgot he was from the Korean Peninsula or always thought he was from Japan.

Unfortunately, both of these "either" choices are equally tragic!

The release of this video immediately ignited the anger of people across the peninsula.

Lotte Group's stock price plummeted again, and its total market value has dropped by nearly 20% compared to before the incident!

This was only the result of large-scale stock acquisitions by conglomerates such as Lee Ho-yong, Samsung, and Daesang; otherwise, the stock price would have fallen even more.

Under these circumstances, Lotte Group naturally experienced tremendous chaos.

"The group is going from bad to worse; how can we just sit here and wait to die?"

"The association presidents are only being interrogated; they're not going to be out forever. Whatever we do right now is wrong!"

"That's right, I also feel that staying still is worse than making any moves!"

Lotte Group's board meetings have been quite frequent lately, with a group of major shareholders gathering there and having endless things to say every day.

The main issue is that the recent situation has been extremely unfavorable for Lotte.

Last month, prosecutors arrested several members of the Lotte Group, including Shin Dong-bin, Shin Kyuk-ho, Shin Dong-joo, and Shin Young-ja.

Not long ago, prosecutors raided the offices of Lotte Group on charges including illegally concealing funds, dereliction of duty, and embezzlement.

Yesterday, another incident occurred where a 90-year-old man caused a disturbance in court.

It can be said that the entire Lotte Group was in a state of turmoil.

"Strange, why hasn't the vice president arrived yet? He's been late by more than ten minutes!"

"He can't come!"

Just as someone in the crowd was asking about Li Renyuan's whereabouts today amidst the complaints, a voice suddenly came from outside the conference room door.

Immediately afterwards, everyone saw a strange man walk in.

"Who are you?"

"He is Park Jung-hyuk, the vice chairman of the Galaxy Group!"

Before the other party could answer, some of the shareholders present recognized the newcomer's identity.

"Park Jung-hyuk?"

This name is familiar to everyone here.

Apart from Li Haorong, they knew very little about the other senior executives of Galaxy Group.

However, the senior executives of Galaxy Group are not unfamiliar to the upper class of the peninsula. Among them, Park Jung-hyuk can be regarded as the number one general under Lee Ho-young!

During the two years Li Haorong spent at Huaxia, he managed to preserve the company's core business despite the suppression he faced.

"Yes, it's me!"

Park Jung-hyuk readily admitted it.

"Chairman Park, this is a board meeting of Lotte Hotel. What brings you here?"

One of the shareholders asked.

"Excuse me, I'm currently the proxy for Lotte Hotel's 15% stake, and I'm also here for the meeting!"

Park Jung-hyuk sat down in the vice president's seat with an air of nonchalance and spoke.

Everyone was shocked by what they saw.

Lotte Group's shareholding structure is quite complex, involving three channels: Gwangyun Society established by Shin Kyuk-ho, cross-shareholding between Lotte Japan and Lotte Peninsula, and Lotte Hotels' core holding platform.

As Guangrun Society is a family-owned company owned by Shin Kyuk-ho, it is difficult for Lee Ho-yong and others to acquire it.

That's why he chose to acquire shares in Lotte Japan and Peninsula Lotte Hotels.

As for the shareholding structure of Lotte Hotel, in addition to Guangrun Co. holding 28% of the shares, there are various cross-shareholdings, which means that even if Li Haorong and others tried their best to acquire the shares, they could only acquire 15%.

However, in the eyes of other shareholders, Galaxy Group was clearly here to seize power!

However, currently leaderless, they clearly do not know how to stop Park Jung-hyuk.

One of the quicker-witted shareholders asked, "Chairman Park, you just mentioned that Vice Chairman Lee In-won can't make it. What do you mean?"

As he asked the question, everyone realized that, for them who were leaderless, Li Renyuan was their leader!

"This morning, Lee In-won was found hanged on the banks of the Yangpyeong River in Gyeonggi Province, a suburb of Seoul."

According to my information, the police discovered his body after receiving a tip, and a suicide note was found in his car, suggesting suicide.

Park Jung-hyuk's words caused an uproar in the conference room.

"What happened? Lee In-won committed suicide?"

"How is this possible?"

Upon hearing this news, the shareholders present were once again taken aback.

Lee In-won joined the Lotte Group as early as 1973 and was the highest-ranking executive outside of the founding family members, and was regarded as the group's "second-in-command".

His status is equivalent to that of a member of the founder's family. He is not only familiar with the group's business, but also a veteran who has served as an assistant to both Shin Kyuk-ho and his son Shin Dong-bin.

Now is the time for him to take charge of the overall situation, so it's no wonder that no one present believes that such a person would suddenly commit suicide!

"Nothing is impossible. He was originally scheduled to go to the Seoul Central District Prosecutors' Office this morning to be questioned by the Lotte task force!"

He disappeared after leaving home last night, and his body was only discovered this morning; it's all over the news online!

As Park Jung-hyuk finished speaking, everyone took out their phones to check.

Sure enough, this news has already become a trending topic on Mars Weibo, causing quite a stir.

The news report was short; everyone learned what had happened in less than a minute.

Large beads of sweat dripped from their foreheads, their panic was palpable.

Looking at the panicked crowd, Park Jung-hyuk showed no sign of joy.

He knew the inside story of this matter: Li Renyuan's death was not caused by Li Haorong, but was a true suicide!

In order to extend the sentences of the Xin family members, the prosecution is currently searching for evidence.

As Shin Kyuk-ho's assistant, Lee In-won had followed him for decades and must have known the inside story very well.

The other party actually chose to commit suicide the day before the interrogation, clearly to keep the secret!

However, his suicide did allow him to take over the Lotte Group, saving him a lot of trouble.

"Alright everyone, you've all seen the news, let's begin the meeting!"

Park Jung-hyuk's reminder brought everyone back to their senses.

They were so shocked by Li Renyuan's suicide that they almost forgot there was someone else preparing to seize the family business!

"Today's meeting was supposed to discuss Lotte Group's next steps, and it was chaired by Vice Chairman Lee. Now that he's not here, who will chair it?"

"No need for presiding over this; I'll just say one thing. Given the current situation, I believe Shin Dong-bin is no longer suitable to lead the Lotte Group's development. I propose his removal from the position of chairman, and a new chairman will be chosen!"

Poor Shin Dong-bin, just last month he used every means at his disposal to remove his father from power and take the position of chairman himself.

Before he could enjoy his position for more than a few days, he was taken away by the prosecutors, and now they want to remove him from his post!

"No!"

Within the council, there were naturally many of Shin Dong-bin's devoted sons and grandsons who stepped forward to reject Park Jung-hyuk's proposal.

"I'm sorry, your decision doesn't count, and neither does mine. Only a vote by the council counts!"

Next, I propose the removal of Shin Dong-bin. Who agrees? Who disagrees?

As expected, Park Jung-hyuk only held 15% of the shares, which posed no threat to Lotte Group's controlling stake.

To their surprise, the employee stock ownership association, which owns 22% of the shares, and Rakuten Japan, which owns 18%, both voted in favor!

The employee stock ownership plan is a benefit provided by Lotte Group to its employees, and it also helps maintain the reputation of Lotte Group.

After all, given their tarnished reputations, they must relinquish some of their profits in order to ensure their continued development on the peninsula.

They weren't surprised to see the employee stock ownership plan being bought off, since these people only cared about stock appreciation and whether their own interests were being harmed.

As for who the president is, they don't care!

Therefore, it would be quite easy for Park Jung-hyuk to defect if he only promised some conditions.

What really surprised these shareholders was that Rakuten Japan also voted in favor.

Even though Shin Dong-joo was also arrested, the shareholders, led by the Shigemitsu family, still wielded considerable influence within Lotte Japan!

Did they also abandon the Xin family?

No way! After all, the Xin family claims to be surnamed Xin, but their actual surname is Chongguang!

Seeing their surprised expressions, Park Jung-hyuk chuckled inwardly: No matter how much influence the Shigemitsu family has in Japan, can it be greater than that of the Mitsui family?

Although Park Jung-hyuk didn't know how his chairman had persuaded the Mitsui family, a powerful ally, the Mitsui family's involvement made the acquisition of Lotte Japan even easier than that of Lotte Peninsula!

From the government to the banks, the acquisition was completed almost without any fanfare, and control was gained.

"Alright, that's over 50%, the motion passes!"

Next, I propose myself as the new president. Who agrees? Who disagrees?

Seeing Park Jung-hyuk's arrogant and fearless demeanor, everyone present realized that Lotte had completely changed its fortunes!