There are a series of bad signs in Korea. Although it has already been a year and a half since the new regime was inaugurated, it has been 100 days since the Bitcoin crisis (Terra, Luna: DoKwon-type) and the Ra Deok-yeon gate, which shook the capital market. The impact was one-off, but the damage was significant. Nevertheless, participants, those who have benefited from enormous stock price gains, and companies are proudly developing their businesses, and according to news, funds have been relaxed this year due to unknown profits and rising sales.Financial authorities’ system improvement and prosecution investigations are still underway to restore market and investor confidence.
While the prosecution arrested and indicted major suspects, including Ra Deok-yeon, CEO of H Investment Advisory Company, it was revealed that Ra Deok-yeon’s group was operated as a national district organization. The prosecution’s investigation network hit a critical turning point as it headed for Kim Ik-rae, former chairman of Dow Kiwoom Group, who carried out a large-scale stock sale just before the crash. Stocks that were subject to market price control by Ra Deok-yeon’s group failed to recover their stock prices, which plunged.Despite this, he recently attempted to manipulate stock prices through a company called Youngpoong Paper and is currently suspended from stock trading. Real Estate Korea aims for a group residence system called apartments and a high-end group residence. So, before barking the recognition building, pre-sale is made in advance to recruit tenants. It has its own system of public subscription and private subscription.However, there are currently about 20,000 new apartments to be sold or sold for about an hour in the Seoul metropolitan area and the surrounding streets. The price is set from $130,000 to $80,000 to $90,000. Korea’s lending rate is already close to 7 percent.In other words, it is a difficult condition for the working class and the middle class to get a bank loan for the sale.For residents who had already raised about 7-80% of bank and financial loans by selling them to young people, it has reached a point where it is difficult to pay back the interest. In addition, the government’s R&D budget and funds to be provided to small and medium-sized enterprises are also exhausted.Small business owners and small and medium-sized businesses are going bankrupt, and about 800,000 young people are not working.
The head of the government and the presidential couple are visiting Saudi Arabia and Qatar for the purpose of overseas exploration and diplomacy by increasing the budget by about $15 million. People are holding sporadic rallies in various parts of Seoul from the 21st to the 22nd, calling for the impeachment of the president. Strangely, Korean media are not active in such reports or situations. Looking at the aspect, most of the major media and newspapers are in SBS’s Taeyoung Construction, Hoban Construction’s Gwangju Broadcasting and Seoul Newspaper, Booyoung Housing’s Incheon Ilbo, SG Construction’s Gangwon Minbang, SM Group’s Ulsan Broadcasting, Jungheung Group’s Herald Economy, Buwon Construction’s Joongdo Ilbo and Bridge Economy, and Dongyang Construction’s Yeongnam Ilbo..In addition, many construction companies are known to own media companies.
If you have a media company, you can learn information much faster than others. Media companies have reporters in every public institution and write special documents called intelligence reports every day.The main contents of the intelligence report are unconfirmed, but they are interesting information, helpful in the management of the company, corruption and scandals by local officials and high-ranking officials, trends in investigative agencies such as prosecutors and police, and rumors about entertainers and sports stars.In particular, if the scale of construction reaches tens or hundreds of billions of won, the competition rate is so severe that the company’s information power will soon be closely related to the company’s sales.Media companies have a strong sense of partnership and are aware of each other’s weaknesses, so they don’t touch each other well. That’s why you’re less likely to be bullied by other media outlets, and when you’re caught up in news, you have a much better position. You can gain the advantage of being the owner of a media owner. As soon as you become the owner of a media company, you can enjoy a kind of status-. Especially in the case of regions, it is easy to contact and meet the police chief, prosecutor, and court chief.
JULIE KIM
US ASIA JOURNAL
