Wall Street of the third generation chaebol

＜ Modernization attribute tutoring. (1) >

“Let’s bring in the Red Cross.”

Severance lit a cigar.

It may seem a little out of the way, but there was a reason why the Red Cross suddenly appeared.

“You are well aware that the Presbyterians and Baptists are like fire and fire and cannot mix with each other. We need an institution to act as a bridge.”

“Yeah, why did you suddenly talk about the Red Cross… it makes sense.”

Rockefeller nodded.

Severance organized his thoughts and explained the reason for including the Red Cross.

“The Presbyterian Church is basically made up of Calvinists. Isn’t Calvin the founder of Presbyterianism in the first place? But your Baptists know that Calvinists are a minority in a Reformed theme, right?”

“right.”

“Yes, Baptists are different from the Calvinist doctrine of predestination, yes a kind of fatalism, only those who profess to be baptized under the belief that salvation can be obtained by faith.”

Therefore, baptismal baptism is prohibited.

Because only those who professed faith in God could be baptized.

But Calvinism is different.

To deny Catholic indulgences, we believe in a fatalistic soteriology that God has already determined those who will be saved no matter what humans do.

Since salvation is the sovereignty of God alone, human beings cannot interfere in any way.

Presbyterians and Baptists.

These two are like water and oil, which do not mix with each other.

“So the Red Cross.”

The Red Cross Organization is basically a group strongly influenced by Calvinism.

Geneva, Switzerland, where the International Headquarters of the Red Cross was originally located, was the cradle of Calvinism.

It is the birthplace of Calvinism.

Religious ideological homogeneity with Presbyterianism.

“But I know the American Red Cross is going back to you, Rockefeller.”

“What….”

Rockefeller nodded vaguely.

Rockefeller’s influence diminished as Detroit Morgan established himself as the de facto leader by sending a large-scale hospital ship to Cuba during the American War.

“What’s wrong?”

“No. None.”

Well, Rockefeller thought that in Detroit, Rockefeller wouldn’t say much if he ran the Red Cross.

Because of his influence in sponsoring the founding of the American Red Cross, Detroit was also confirmed by him as a big deal.

Rockefeller pulled his upper body.

“Severance As you said, the Red Cross is perfect. If you coordinate in the middle in the name of relief work, there will be less fights.”

A medical institution and a Trinity institution that even entered the sphere of Calvinism’s influence, even Rockefeller’s breath.

There was no other institution with such conditions as the Presbyterian Church and the Baptist Church jointly established a medical foundation in the Korean Empire.

“Surely Severance, you’re more capable this way.”

“Of course, I am a senior in charity work.”

“…I suddenly don’t like something.”

“Then don’t do it.”

Severance snorted.

Anyway, Severance knew all too well that Rockefeller’s Baptist Church could not enter the Korean Empire without confidence.

Rockefeller raised an eyebrow slightly.

“Then I’ll have to decide on a name for the Medical Foundation.”

“What are you going to do with something grandiose? Let’s just call it the Severance Foundation.”

“…..?”

“Rockefeller. As I said before, if you twist it, you don’t have to.”

Severance wrote the word Severance Foundation on a white piece of paper with a straight face and began to spread his imagination by writing down the institutions that he named himself, such as Severance Hospital and Severance Medical University.

Rockefeller looked at Severance with a puzzled expression on his face.

“You bastard. I’m just going to put your name on the signboard, right?”

“Haha, Rockefeller, it’s not easy to get cursed out of your mouth. I’m sure I’ll live a long time.”

It was Rockefeller.

Rockefeller, who has practically nothing but money, needed to acquire the know-how of Underwood and Severance with basic infrastructure.

It is right to give in now.

“Huh… surrender. I’ll have to talk to Detroit.”

“Oh, was Detroit Morgan involved in the Red Cross?”

“Yeah, that’s very deep. He and Attorney General Taft flirted with him, so he sometimes came and poured out a lot of donations.”

Attorney General Taft is no different. It was only natural that the de facto representative of the Red Cross was a man associated with the Tafts.

“How the hell did you spill the word ‘mass’ out of your mouth?”

“They are pouring out 1 million, 10 million dollars at a time. So, the Red Cross today is probably half a Detroit Morgan organization.”

“Ban? Heh heh, I don’t know if this should have been with Detroit, not your baptismal meeting.”

“It’s already too late to regret.”

“shit.”

After a bickering, Rockefeller and Severance reached an agreement on a proposal for the Severance Foundation.

As they were founding members of Standard Oil, they were well-established managers in organizational management.

“The Severance Foundation is looking forward to it.”

“What do you mean?”

“I wonder what would happen if a large-capital medical foundation entered the underdeveloped land of Joseon.”

“If you are determined to work with a religious foundation and carry out relief activities, the medical community might be better than in the United States.

“As long as you and Detroit have joined, success is not expected. It is rare to be able to invest in a business with a 100% chance of success.”

“Well.”

Rockefeller rubbed his chin.

And nodded slowly.

“I totally agree.”

“…Unlucky child.”

I have no humility. Humility.

Severance shook his head at the impudent Rockefeller’s words.

***

“It is said that the Korea Railroad Corporation, approved by the Ministry of Posts and Communications of the Korean Empire, has been officially established.”

Longitudinal railway of the Korean Empire.

The ‘Gyeongbu Line’ connecting Busan and Gyeongseong and the ‘Gyeongui Line’ connecting Uiju and Gyeongseong are combined.

However, the cost of railroads is also an expense, and in order to maximize efficiency through unification of routes, the Korea Railroad Corporation was established and planned to unify its operation.

“Aren’t Class 1 railroads protesting?”

“Even if it’s a bit gritty, everyone is accepting it. Wouldn’t they also do something called learning?”

I suggested

There were quite a few conditions attached to it, and there were countless special contracts, but they all readily accepted it.

“The trauma caused by the railroad panic.”

“Yes.”

Reckless competition leads to collapse.

When railway lines overlap, price competitiveness becomes garbage. It was an inefficient system that was the root cause of American rail crises. The railroad industry has already experienced more than three panics.

In order not to repeat that mistake, railway companies jointly established a single railway corporation.

“Master, it is said that Director Hill’s Great Northern Railroad will not join this time.”

“Of course. The Great Northern Railway is already making large investments in China and Japan, so it will not be able to afford it.”

James Hill.

He was called the railroad emperor and was able to make the Great Northern Railroad sound because he was good at slow speed control.

Do not over-extend.

“So the rest of the Class 1 railroads. BNSF and Pennsylvania Railroad will take most of their shares, and the rest of the smaller railroads will be subcontracted or acquired.”

There was no reason to hire railroad companies as subcontractors. because of human resources.

“Money is no longer an issue.”

Investment institutions were plentiful.

Hedge funds, sovereign wealth funds, Macquarie Infrastructure Investment Bank, and BOSS bonds have started procurement now, so there was no problem with the supply and demand of dollars.

“The problem is manpower.”

managerial positions.

They don’t spring up. And without them, the organizational system becomes stale or, at worst, collapses.

large M&A.

So, the railroad industry was experiencing severe tectonic changes.

“A large-scale M&A is planned. Large railway companies also reject M&A, but they say they are considering incorporating a subsidiary.”

“I heard that M&A proposals are coming in from the Detroit Investment Bank as well.”

This novel was posted at https://readwn.com

Of course, it was a proposal to select Detroit Investment Bank as the organizer of the M&A.

“It’s being processed by the hedge fund secretary’s office.”

“The fee would be salty.”

“Not only that. This is a telegram from the Korean legation in the US.”

🥳

I snatched the telegram.

As I read through it, I smiled.

“You’re offering a business license for a modern bank.”

Modernization of the Korean Empire.

I felt like I had opened the first shovel.

“And you have commissioned an advisory group to establish the central bank. It’s a bit disturbing to invite someone in the name of advisory to steal only the know-how with a hawk eye, but it’s not something that people with a pre-modern view of the state can understand anyway, so it doesn’t matter. “

You won’t understand what you see.

“Bocchan, have you decided on the name of the bank to be built in the Korean Empire?”

“James, don’t you get a sense of this at this point?”

“….no way.”

Is it James? He looked at me with a desired face.

I smiled.

“Korea Settlement Bank.”

“…it seemed like it somehow.”

James sighed afterward.

And the briefing continued.

“In addition, through the Ministry of Posts and Communications of the Korean Empire, we announced that we would cut the corporate tax to 3% for the time being.”

“Haha, will the railroad companies turn their eyes?”

“Anyway, Class 1 railway companies are already rushing around to establish local corporations.”

“It should be.”

The corporate tax is only 3%.

Actually, this is the Korean Empire and I played Shobu. The construction cost for laying the railroad is beyond imagination, so they asked for a lower corporate tax for the first few years. Because of image management, I couldn’t do it at all, so I asked for a cut.

Although a certain price was paid.

Even if it is only 3%, the tax revenue of the Korean Empire will increase tremendously.

“James, what does this mean?”

“Tell me.”

“In a nutshell, it means that an environment has been created in which Korea Railroad Corporation’s stock can be circulated within the Korean Empire.”

It was almost mandatory for railway companies to go public.

This is because the cost of laying the initial infrastructure is hugely broken.

The age of gold plating in the United States was finally achieved thanks to the federal government’s relentless investment, benefits, and land disbursement in the railroad business.

‘We also sold out a lot of land through the railroad right in the Korean Empire.’

“Well, if I fully intervene, there’s nothing I can’t do.”

It directly invested in Korea Railroad Corporation under the name of Macquarie Investment Bank. As much as possible, the smell of hedge funds and Detroit Investment Bank was removed.

‘There is also something for managing aggro.’

What was the purpose in the first place?

It was the revitalization of the financial district of the Korean Empire. At first, I was making an indirect investment by owning stakes in BNSF and Pennsylvania Railroad rather than directly investing in Korea Railroad Corporation.

‘I also invested in the Korea Railroad Corporation, but the distribution of stocks is a more important task for me.’

The emergence of a corporation.

Korea Railroad Corporation will come down as a huge railway monopoly company, unprecedented in the Korean Empire.

Even if only 10% of the shares of Korea Railroad Corporation are in circulation, there is no problem in revitalizing the stock market of the small Korean Empire.

‘What would happen if the stocks of the railway companies that established local corporations also flowed in here.’

Stocks are released in bulk.

The Korean Empire will witness the opening of a new market called stocks. It doesn’t matter if the Korean Empire’s capital is attached. There are also foreign investors.

If there is only one problem, it is money.

‘But I’ll control the central bank of Korea, so there’s no problem.’

If I continue to interfere with the central bank of the Korean Empire in the future, the gold standard is only a matter of time and stabilizing the won was not difficult.

If you don’t think you can use it at all, you can carry out currency reform once.

Ultimately, the ultimate goal is to make the central bank independent and make it like the Central Bank of Japan.

Why not right now?

The British government is watching the Old World with wide eyes, but it is difficult right now.

The situation is a little different from Japan, which is an island country.

‘Besides, in a situation where you don’t know when China will enter a civil war, the logistics environment of the Korean Empire can act as a great spare.’

In China right now, the Anglo-French negotiations between the two Koreas and the Triple Alliance are fiercely clashing head-to-head in real time.

We had to spread the risk to the Korean Empire.

‘Maybe there is a need to create a financial autonomous region like Hong Kong?’

conclusion?

The Korean Empire will operate like Hong Kong, an industrialized country. It’s kind of like an American version of Hong Kong.

However, since it is a more advanced version, industrialization and finance proceed at the same time.

Since the country is smaller than Japan, modernization may be completed sooner.

If the East Asian economic bloc is formed through the integration of Korea, China and Japan logistics, the market will expand further.

wealth expands

Do we really need a colony?

“Master, stocks will be released in large quantities.”

“okay.”

I smiled and picked up a letter.

The Post Office is the busiest institution in the Korean Empire lately, right? Work Hassan, no Wan Yong.

“We have obtained permission for the Gyeongseong Stock Exchange in advance.”

Korea Empire, Gyeongseong Stock Exchange.

Soon the first stock market was due to open.

‘The modernization of the Korean Empire will proceed rapidly.’

In order to be firmly established within 10 years, we will start modernization-based tutoring.

And I swallow this slowly.

‘Build your own economic zone.’

good business

But I will own the foundation.

＜ Modernization attribute tutoring. (1) > end