All language subtitles for Money.Game.E09.200212-NEXT-VIU

(All characters, organizations, places, and events are fictional.)

(Episode 9)

Byung Hak? Tobin tax?

Yes, I was surprised as well.

He always a supporter of the free market.

But that tax system uses the law to control the market.

- Is that really true? - Yes.

He must've also thought it was contradicting...

because he studied it in private.

Maybe he knew he was going to die.

What are you talking about?

People say you're about to die if you act out of the ordinary.

(Letter of Resignation)

(Chae Yi Hun, Level-3 MOEF International Finance Bureau)

I just recently moved, so the place is a mess.

(Letter of Resignation)

There's nothing here.

This is all I have to offer.

But what brings you here so early in the morning?

Tobin tax.

Why don't we get ready to implement that?

Tobin tax?

(Tobin tax: A tax on all spot currency conversions...)

(to prevent the sudden flow of speculative capital)

Are you talking about...

the tax that was first introduced by James Tobin...

in order to prevent the extortion of our country's speculative capital?

That's right.

We can change it to fit the current situation.

A Korean version of it.

Once the restructuring is over, Eugene Han will...

try to sell Jungin Bank and leave the market.

And later on in the future,

he'll return and try to take things over.

But do you think...

we can catch him with the current Foreign Exchange Control Law?

No, we can't.

But if we tax them,

they'll be more careful in trying to siphon money.

That could worsen the market liquidity.

We can't burn down the house just to catch a bug.

We'll catch the bug and make sure the house doesn't burn down.

Our country is a member of the OECD,

so we need to stick to the Code of Liberalization of Capital.

Just tell them it's a macro-prudential policy.

So you want to catch Eugene Han?

- Yes, why? - Do you think I'll do it?

Do it.

The FX Fund Bureau should do it.

I work in the International Finance Bureau.

Once I become the deputy prime minister,

I'll appoint you as the director of the International Finance Bureau.

And you'll have my full support.

Keep it discreet. That's all you have to do.

If it goes public, people will start to do unnecessary things.

Why me?

Your father once came up...

with a Korean version of the Tobin tax.

But it was never implemented.

Why?

Because if he had proposed the idea,

he would've contradicted his beliefs as an economist.

He was a full supporter of the free market.

If you use what he studied, it'll save you some time.

Are you trying to use me...

to confirm that my father was wrong?

You have...

absolutely no idea how much effort it took...

for me to come here.

I'll see you at the MOEF office in the afternoon.

I haven't given you an answer yet.

(Master)

(Letter of Resignation)

Let's see.

Okay.

You've done enough.

I don't want to be a coward anymore.

That's why I wanted you to stay as a professor.

You don't have what it takes to become a minister.

That job has no honor,

and you're nothing but a salaryman.

You always told me...

that economics is the best subject that one can study.

Yes, I did.

You told me that it teaches the history of man...

and that the history of man is equivalent to the history of greed.

You told me to study greed...

saying it will eventually help me understand mankind.

- And what about that? - As a bureaucrat,

I wanted to implement the right economic policies...

and get acknowledged by you.

No.

I wanted to be better than you.

(Letter of Resignation)

There are conditions.

I'm not doing it as Professor Chae's son.

I'm doing it as Chae Yi Hun, a government official of MOEF.

I want that to be the premise.

I'll also choose the people I want to work with...

regarding the implementation of the Tobin tax.

- And? - I will decide on the details...

such as the tax rate.

I will make a decision based on my team's research.

I'll see you later then.

(Ministry of Economy and Finance)

Mr. Chae Yi Hun.

I will appoint Mr. Chae...

as the director of IFB.

I hope you'll help him with whatever he needs.

I look forward to working with you all.

What deal do you think they struck?

Who knows what happens behind closed doors?

I honestly believed that he was different.

Begin the project then.

Yes, sir.

Get to work.

He's Professor Chae's son. Maybe that's why.

It's good to see you.

I guess so.

Also, you know how calculative Mr. Heo is.

Did you forget who made him the chairman of FSC?

Within government organizations, the model employees...

usually get cheeky behind your back.

That sums up who Chae Yi Hun is, right?

If my job was on the line and someone offered me...

a position as a director, I'd take that deal.

No matter what it is, I'd take it.

I'm happy for you. Congratulations, sir.

Thank you.

- Chief Jo. - Congratulations.

Thank you.

Could you accompany me to Gwanghwamun?

- Why Gwanghwamun? - There's someone we need to meet.

Sorry?

The order came from soon-to-be DPM.

Of course. Let me get my coat.

Sir!

This is unfair.

Get back to work.

(Na Joon Pyo, Director General of International Finance Bureau)

- What's the issue? - You can't just promote him...

to my position in the office.

Why did you choose to become a civil servant?

You've never thought about that, have you?

I got good grades in college...

and passed the state exam.

That's why I became a civil servant.

So what?

What?

It's not like I'm the only one!

Tobin tax?

By just the three of us?

We can't afford this getting out,

so the team must be kept small.

That's the first reason.

Second, Chief Jo's specialty lies with tax...

and in terms of international business...

I really hate admitting this, but that's what you're known for.

All I know is what I learned in college...

through textbooks.

All right. Let's say it's not a bad idea.

However, we can't implement one without the help of other nations.

It's just impossible.

I mean, think about it. If we impose the Tobin tax,

which country would voluntarily deal in foreign exchange with us?

None of them would.

Once that happens, the exchange rate will skyrocket.

It won't benefit us in any way.

- Brazil once implemented it. - And now it's been scrapped.

Well, 11 member states of the EU and China...

are trying to make it happen.

Thoroughly analyzing case studies will help us draw a better picture.

Also...

Here you go.

This is what Professor Chae was working on.

We can draw a basic sketch off James Tobin's model,

but it should be altered to fit Korea's economy.

Rebuilding a healthy macro-prudential policy is the key.

So rather than calling it the Tobin tax,

we'll put it as...

a Korean model of the Tobin tax.

From there, we'll add on.

Yi Hun, there's no way Professor Chae worked on this.

Regulating the market by implementing man-made systems?

It goes against his beliefs.

("The Great Transformation" by Karl Polanyi)

Well, on the back of that...

is a consent form. Read the document and sign it.

Still,

doesn't this mean...

that you're taking the side...

of the soon-to-be DPM, Heo Jae?

How am I supposed to react to this mind-blowing revelation?

- Just sign it. - Mr. Heo...

and you...

came up with an idea that is beyond my wildest dreams.

Here.

I was told not to sign just any document.

(Han Sang Min)

(New message)

Can we talk? I'll be waiting outside your apartment complex.

(Lee Hye Joon, Level-5, MOEF International Finance Bureau)

What are you going to do with the recording...

of Director Seo's conversation I gave you?

What kind of a person do you think I am?

Let me rephrase that.

You think I bargained the recording of Mr. Seo's conversation...

for a directorial position within the MOEF.

Isn't that what you came to confirm?

Yes, that's right.

Then I'll ask again.

What kind of a person do you think I am?

- I'm not sure. - Am I a scumbag?

No.

I didn't strike any deal with Mr. Heo...

for a position within the MOEF.

He appointed me as the Director General of IFB...

because there's something I need to do.

What is it that you need to do then?

I can't say.

Then I'll have to keep doubting you.

I couldn't help the matter.

I didn't hand over...

the only copy of the audio file to you.

Director Seo's wife gave me that file,

in hopes of uncovering the truth about his death...

and that's what I promised her.

And what exactly can you do with that audio file?

Nothing.

Is that so?

Then I should figure out what I can do with it then.

Ms. Lee, I'm not finished.

A sense of justice that is put forth...

for your own satisfaction can sometimes be poison.

I don't consider this as serving my sense of justice.

And how much of a government-run organization...

can a rookie level-five know about?

What I'm saying is that...

what you think is right...

can be wrong from a macroscopic viewpoint.

Director Chae,

being right or wrong aren't relative concepts.

There's a history of powerful global companies...

failing once they entered Korea.

As you must remember, the American company, W-mart...

swallowed their pride and withdrew eight years after entry.

Global portals...

can't compete with our domestic portals.

Why is that?

It's because they can't figure out the Korean consumers.

Most asset management firms registered with KFIA...

have Korean CEOs.

They want to understand the culture...

and introduce advanced financial techniques.

I'm sure you've all heard this term often. Swap.

It's an agreement to exchange financial instruments...

for a certain time.

A fund manager recently traded a mezzanine capital.

The term "mezzanine" was derived from the Italian word...

for the lounge space between the first and second floors.

Introduce the assemblyman.

I'm sorry, but we've finished with the introductions already.

It's been 30 minutes already.

Investing in preemptive rights.

He's Assemblyman Bae Jin Soo. The chairman of Economy and Finance.

Who's running this?

Should I talk to Kim Jae Young, the president of KFOB?

Give me a minute. Let me check. My apologies.

Every transaction is legal and reviewed for its legality.

Hello.

I'm Bae Jin Soo.

I said it was fine,

but the host insisted that I introduce myself.

Thus, by the generosity of Professor Kim,

I am standing here.

A nation's finances...

is at the heart of its economy.

That's my understanding.

What does that mean?

Darn it. Is he here to campaign?

What is he doing here?

Can the body function without blood?

He's a total fake.

It'll die.

That's arteriosclerosis.

It's the same for a nation's economy.

If its finances are unhealthy...

and not advancing, it will fail.

That is why...

it is critical to study finance and banking as we are doing today.

- Okay. - Sir, we should get going now.

Okay.

There was a misconception...

It caused a stir.

To explain in more detail,

all swap transactions performed by domestic hedge funds...

are reviewed for legality prior to completion.

Assemblyman.

I'm Eugene Han, the head of Bahama Korea.

I should've introduced myself sooner but never had the chance.

Okay.

I've always had great respect for you, so I want to support you...

in any way possible.

We'll let you know how at a different time.

Oh, will you?

- Sir. - Okay.

My apologies.

Do you...

happen to know Heo Jae?

Yes, I do.

I know him very well.

Much attention is being centered around Heo Jae,

the nominee for the Minister of Economy and Finance.

His confirmation hearing will be held soon.

Yes. They are given 20 days to prepare for the hearing.

Heo Jae, the current chairman of the Financial Services Commission...

and nominee for the Minister of Economy and Finance,

stated that he is ready.

So they decided on 20 days.

I hope he'll bring a positive change to your economy,

which will improve the lives of the people.

During these difficult...

Hey, Sung Jin.

What do you mean, Bae Jin Soo is preparing an attack?

He won't stand for you succeeding.

What is he preparing?

You punk.

I'm about to go down with you.

So...

what is that attack?

(Kim Sung Jin, Blue House Chief Economic Officer)

That when Jungin Bank was sold to Bahama,

its BIS capital ratio was manipulated.

And that the president was notified.

- Does he have proof? - I don't know.

What does Bae Jin Soo have?

I need to know, so I know how powerful the attack is.

I don't know.

You don't know?

Even the Senior Secretary for Civil Affairs doesn't know?

What is wrong with you people?

Fine.

So I won't know until he shows his hand at the hearing...

whether or not it's a powerful attack.

It's a problem either way.

The president wasn't fond of you from the start.

And now, countless corporations are about to fail because of Jungin.

The exchange rate broke 1,300 won per dollar this morning.

The opposition party is screaming that the economy will die.

What if he drops a bomb at the confirmation hearing?

The Blue House can't protect you.

That's something we must endure...

- during the reorganization process. - Hey.

- Are you kidding me? - Fine.

Fine what?

- I'll handle it. - Handle what?

I'll make sure he doesn't bring it up at the hearing.

- Have some. - Order take out at least.

That's why you can't save money.

Did you get the list from Hye Joon?

No.

We need that for them to send money.

They're demanding to know whom to invest in.

Are you going to kiss the apartment and everything goodbye?

Why should I do that?

Wait a little more.

At least he's been quiet lately.

That's scarier.

You know how when kids are quiet, it means they're causing trouble.

That's exactly how he is.

- Should I take over? - No, it's fine.

Excuse me.

(Chairman Heo Jae)

Hello, Chairman Heo.

(Assemblyman Bae Jin Soo)

Have some tea.

I have high expectations for her in the bureau.

There will be many things to quietly coordinate with MOEF.

Let's make her the liaison.

She's very smart.

You act like you're already the Minister of Economy and Finance.

Which college did you attend?

I attended Minju University in Daejeon.

Isn't the president of Minju University our classmate?

- Park Kyung Taek. - Is that where he went?

Let's get everyone together for a round of golf sometime.

Ms. Lee, wait outside.

The name of that civil servant who just left...

is Lee Hye Joon.

- Remember that. - Lee Hye Joon.

- Why? - What do you think of her?

- I'm not sure. - She's very smart.

She has conviction too.

Moreover, she has an inferiority complex...

about going to a tier-three school in the suburbs.

"Just wait and see." That attitude.

Kids like that are the ones who cause trouble.

When they believe the organization is no longer just or...

when they feel limited due to their school and family connections,

they do something to make the entire world look at them.

That's how they are.

So what?

Just a while ago, Na Joon Pyo,

the director general of the International Finance Bureau,

apparently asked her...

to manipulate...

the currency exchange rate once the market opened.

I think he wanted to help out an investment company.

The organization is completely rotten.

Why don't you read this as you wait?

- Thank you. - Yes, it's rotten.

But apparently,

she didn't follow the orders.

Why?

Because it went against her principles.

Isn't she amazing?

Yes, she is.

I can't believe she had the guts to disobey the director.

Young people these days tend to be like that.

We always did what we were told, but they're not like that.

If things go against their principles and beliefs,

they do what they think is right. They don't listen.

What's going on?

Why did you bring her here?

Well...

About your district's SOC budget...

45 million dollars for reconstructing the wharf.

13 million dollars for constructing a double track railway.

21.6 million dollars for a route that leads to the national highway.

8.6 million dollars for a bypass.

10 million dollars to pave the road...

in front of the National Ecological Park.

They all happen to be construction businesses.

- What about that? - That's not all.

You even asked for an additional 1.86 million dollars...

to support the district university that's almost about to go bankrupt.

The committee's known to be strict, so I'm surprised.

But that money eventually comes from people's taxes.

I'm just doing the job of an assemblyman.

I've already looked through it all, and I noticed that the budget...

is being spent to settle civil complaints.

But what's even more absurd...

is that all those construction projects...

were given to one specific company.

Your brother's company.

The National Assembly passed the budget plan.

You can't do anything about it even if you become the DPM.

Yes, I know. I'll have no choice but to enforce it.

That shows that assemblymen are more powerful than ministers.

So I'm planning...

to hand this over to her.

- What? - Community organizations...

keep an eye on how the government spends the country's budget.

And they're all potential voters.

I'm going to make her do a press conference with them.

If they cause a fuss about things,

you won't be able to get the budget.

What do you say?

The confirmation hearing...

is only days away.

Heo Jae, the DPM and Minister of Economy and Finance,

who safely passed the confirmation hearing,

visited the Blue House yesterday afternoon...

and officially started to proceed with his duties.

Make sure it's done by the third-quarter.

- Okay, sir. - Good.

Go ahead.

The overall goal isn't clear.

So we'll need to look into...

Thank you, but we can't accept this.

It goes against the Improper Solicitation and Graft Act.

- Hello, sir. - Hello.

I look forward to working with you all.

- Thank you. - Thank you, sir.

Great work.

Now, you need to meet people from private equity funds.

Okay.

Hey.

You look great.

The International Finance Bureau...

and the International Economic Affairs Bureau should join us.

It'll be nice to hear what they have to say...

regarding the difficulties they have in investing in Korea...

and how we can help.

Let's go inside.

Our biggest concern is that Korea is trying...

to antagonize speculation...

over foreigners who are here for investment purposes.

Director Chae, you seem to have something to say.

Yes.

I have to accept that.

But there is a reason for losing trust.

Several private equity funds...

tend to make the market to be speculative.

It's taking money to lose money.

That's why we cannot build trust.

Private equity funds?

Which one?

Tell us the name.

That's not the real problem.

The problem is that Korean firms distort the shareholder value...

and the Korean government helps them do that.

Don't you agree?

You're clouding the issue.

That's not my point.

No, it's the same thing.

I'm talking about the same thing. Trust.

Trust.

I'm telling you why we don't trust Korea.

Because we don't trust you,

we sometimes run away.

And to you, that must seem very speculative.

That's a good point.

I'll keep that in mind.

Congratulations.

[VIU Ver] tvN E09 'Money Game'
"The Tobin Tax"
-♥ Ruo Xi ♥-

Fill me in.

Eugene Han...

has absolutely no trust for the Korean government.

You heard him earlier.

So you need to question every single promise he makes,

the deals he signs, and how he behaves.

We should share information with the NIS.

You should ask the Blue House for support.

That will be a lot more efficient in terms of time and security.

You want the MOEF...

to get information from the NIS...

with the help of the Blue House?

We're fighting against speculative capital.

Do you really think they have principles and beliefs?

Did you suddenly change?

Or were you always like this?

What is he doing?

Don't mind him. You can go.

What? You're here?

Okay, I'll be right there.

Oh, Hye Joon! Over here.

Have a seat.

(Market Price Trend of Unlisted Companies)

Just point out the ones that will go public.

(Market Price Trend of Unlisted Companies)

Uncle Soo Ho, I already told you this on the phone.

I have no access to that kind of information.

You can still ask around though.

You're a level-five civil servant within the MOEF.

Did you invest money in a fund?

The Financial Supervisory Commission might find issues with it.

It's nothing big.

A few of my friends with extra money to spare...

will buy the stocks of unlisted companies...

and hit the jackpot when it goes public.

- Does Auntie know about this? - She wouldn't understand.

Then you shouldn't do this.

Hye Joon, I didn't come here to be patronized, you know.

Anyway, I'm sure you do business with people at the Korea Exchange.

What I do has nothing with this field.

But you have connections!

Just find out which ones will go public soon.

There's no way for me to know that.

Hye Joon, I wouldn't have come to you if I wasn't desperate.

Just think that you're helping a dying man and...

Coming to me with this in the middle of the day...

can only mean that you're in a financial mess!

Hye Joon...

This isn't something I can be involved in.

Just so we're clear, your aunt and cousin can't know about this.

Don't tell them I came by.

You and Auntie...

are both still healthy.

Why do you keep reverting to desperate measures...

instead of slowly working your way back out?

Desperate measures?

You may not know this being a bookworm.

Little and often fills the purse?

In Korea, that can never happen.

People like us can only change our lives...

by hitting the jackpot.

Do you even know that?

It's all about winning big!

Uncle, please calm down and head back home.

I hear you,

so please get going.

I should go back to work.

Hye Joon, please don't tell your aunt or Ma Ri.

They'll kill me.

I won't tell them, so please leave.

I'll see you.

Darn it!

Excuse me.

Excuse me?

Here you go.

I bought it as a gift for someone in the MOEF,

but I hear it's illegal.

A company that will soon go public...

Must it be one off your list?

Why do you ask?

Are you the police?

A prosecutor?

There's no need to avoid me.

I only wish to help.

I'm Eugene Han of Bahama Korea.

I worked with Ms. Lee on a case if that's what you can call it.

I can give you information while keeping her in the dark.

Let go of me. Look here.

What happens when listening to you...

backfires on Hye Joon? Who'll dig her out from the mess?

Unbelievable.

(Lee Hye Joon, International Finance Bureau)

(Lee Hye Joon, International Finance Bureau)

Mr. Han.

Yes, hello.

The biggest problem with Korean bureaucrats is their tendency...

to favor those with connections rather than those who are competent.

Blood ties, personal ties, and especially school ties!

Chae Yi Hun and DPM Heo.

Professor Chae Byung Hak and Mr. Heo...

graduated from the same university.

Mr. Heo's only looking out for Professor Chae's son.

It's one of the issues I noticed in Korea.

That's why people like me are at a huge disadvantage.

It's pathetic.

What will the Korean economy come to?

So how about we grab some dinner tonight?

I'm afraid I already have plans.

I should be treating you to a meal but...

Chae Yi Hun...

seems to be conspiring to do something.

With whom?

Chief Jo of the IFB and Han Sang Min of the FSC.

Just the three of them? Is that all?

Who else can there be?

Conspiring to do what?

What do you know about the Tobin tax?

Tobin's tax?

Upon a secret order from Mr. Heo,

Chae Yi Hun and his band of merry men...

are trying to implement the Tobin tax in Korea.

Once the National Assembly signs off on it, you...

You won't see too many dollar signs after making money in Korea.

The Korean government will keep most of it.

Are you sure about this?

Of course, I am.

Then do you know in detail as to what they have come up with...

so far?

I can only tell you on one condition though.

A condition?

I'd appreciate an advisory position of some sort.

An advisory position?

- In Bahama? - Yes.

And your annual salary?

I'd like what Kook Kyung Min receives...

as the advisor of Mijin Accounting Firm.

Government officials receive a raise in pay when switching jobs...

because they're absolutely worth it.

We come bearing information and connections.

I'll think about it.

Well, this is unfortunate.

I should be taking you out to dinner tonight.

That's absurd.

It's my fault for not calling in advance.

- Have a safe trip back. - Then...

- Sure. - I hope you got the message.

I did.

Take care.

Leaked out so easily.

You can't catch me with Tobin's tax. Not me.

(President of Jaeyoung Bank)

Yes, Mr. Lee.

It seems like we need to be more careful.

Take your pick.

What about all the dishes your mom made?

You're so bad.

(With the US-China trade war...)

(Jin Ma Ri, KTN's Macroeconomics Journalist)

All done!

Gosh.

You know, human beings are so paradoxical.

We complain about disposable items, but we hate doing the dishes.

Ta-da.

Uncle came by today.

- To your office? Why? - Yes.

He asked me to look into companies with the potential for growth.

He makes me so mad.

He told me over and over not to tell you and Auntie.

Fine. I'll talk to him.

Do you have time?

I'll have to make time.

Good. Don't call him. Talk to him in person.

If he weren't so darn old,

I'd tie him up to a post somewhere.

Isn't it awkward seeing Director Chae at work?

Naturally.

But you know, he may be right.

You can't do anything with the recording from Mr. Seo's wife.

That's what the police concluded too.

You don't have to physically kill someone for it to be murder.

Causing their death is also murder.

Just like my dad.

If there were someone who made it impossible for him not to die,

I thought it was murder. That has always been my belief.

This is the same thing.

Hey. Are you drunk already? From that?

No, I'm not drunk.

- Ma Ri. - Yes?

Why do you think I requested MOEF?

Especially the International Financial Bureau?

I'm sure if I looked a little,

there were easier jobs.

Now that I think about it, there must have been a reason.

Sure.

Drink.

(Head of Bahama Korea)

Who is that?

Pick up.

No.

What's wrong? What is it?

He's calling again.

(Head of Bahama Korea)

Answer it.

- Should I answer it? - Hold on.

Hold on.

- Hello? - Hello.

- Yes? - What is he saying?

I need to talk to you about something important. Can we meet?

I want to apologize in person for last time.

If that's the important matter,

I don't think it's necessary to meet in person.

It's about Director Chae Yi Hun.

What?

Hey. This is a gas gun.

It's for self-defense.

Point this at the person's face...

and pull the trigger, and it sprays tear gas.

Here.

Learn how to use it.

We're meeting at a cafe.

There will be a lot of people. I'll be fine.

Okay.

Did I hurt you last time?

No, I'm fine.

Are you sure you don't need to see a shrink?

If you send me your bills, I'll pay for them all.

- If you want damages... - What did you want to tell me?

- Pardon? - Why did you want to meet?

You said it has to do with Director Chae.

Director Na came to see me.

- Director Na Joon Pyo? - He said Director Chae...

is drafting a Tobin tax law for Korea,

secretly, as ordered by Deputy Prime Minister Heo.

- Tobin tax? - It's to stop people like us...

from coming to Korea and making money in a short time...

and running away.

Is that the important matter you mentioned on the phone?

Yes.

Why are you telling me that?

What if you were to report this to Deputy Prime Minister Heo?

If you do,

wouldn't it help you in one way...

or another?

Information about the Tobin tax being prepared in secret got leaked.

This is a very important fact.

You were the first person...

to figure out this important fact.

Goodness. It sounds funny hearing myself say it.

I'll be blunt.

I needed an important matter...

to meet with you.

No, I needed an excuse.

You may think I'm a psycho...

No, it's fine even if you do.

But... I want to eat with you.

There's a place in Namdaemum famous for braised cutlassfish.

My mom always...

wanted to eat there.

I want to eat that with you.

Well, I don't.

Why not?

Wait. My mom...

My mom was at a nursing home because of her dementia,

and she wanted to go there before she died.

But she couldn't...

I am not your mom.

And we're not close enough to eat together.

We can become close enough to eat together.

Carry that in your pocket from now on.

It's useless if they take your bag.

That crazy psycho.

There's another company...

that Jungin Bank predicted will go bankrupt.

If it does,

The won-dollar exchange rate could even reach 1,450 won.

(Kim Dong Jae, President of the Republic of Korea)

He's here, sir.

- Come inside. - Hello.

Welcome.

It's nice to meet you.

Have a seat.

Here.

(Lee Joon Won, Chairman of Daeryuk Group)

I'm surprised you still do this kind of stuff.

I'm sure you didn't commit accounting fraud to get a bank loan.

(Accounting fraud: Manipulation of a firm's financial statement)

Are you trying to avoid paying taxes...

in the process of receiving an inheritance?

What's the matter?

Brother.

It's not like we're complete strangers.

I understand.

- What about you? - I'm a lousy player.

- Really? - Yes.

Then you and I are probably similar.

- Why don't we play together? - Sure.

My gosh, I can't wait.

It'll be fun.

I'd be glad to join you.

- Let me pour you a glass. - Sure.

I'll treat you like a brother from now on.

You're very straightforward.

- Let's clink glasses. - Sure.

(Kook Kyung Min, Advisor of Mijin Accounting Firm)

I'm sure you were already...

aware of this.

Yes, I was aware of it.

However, I didn't have enough power to do anything about it.

But that's no longer the case.

Brother, your position and rank...

won't last forever.

You could easily get fired.

And once that happens, I could hire you as an advisor.

Why don't you just cover this up?

You darn jerk. Hey.

I know you tried to trick the president.

How dare you do something so lowly?

But it didn't work out, did it?

It will never work.

What exactly do you want us to do,

sir?

You're planning to build...

a semiconductor factory in Vietnam, right?

That's right. Korea has high labor costs.

And the labor union can be difficult.

Cut the nonsense.

I want you to build it in Geoje.

That's what you told the president.

If your man, Choi Jin Hwan, became the DPM,

you would've built that factory in Geoje.

Sir.

I don't know what you mean.

- And we need to revise the law... - Cut it out.

Did you revise the law before committing accounting fraud?

You just did whatever you wanted to do.

If the government releases this, you'll instantly end up in jail.

Even the best attorney in Korea won't be able to help.

We already have so much evidence.

I'll revise the proposal, sir.

I'll leave you to revise it, but let me tell you one more thing.

I have so much respect for the previous chairman.

Our country's economy was able to prosper thanks to him.

I was always impressed by his strong spirit,

and he never seemed to be scared of anything.

But even a person like him hated prison.

He also hated the food.

And most importantly, he felt lonely there.

He was scared.

It was the worst experience ever, and it was very scary as well.

I hope to hear positive results.

You may leave.

(Heo Jae, Deputy Prime Minister and Minister of Economy and Finance)

(Kim Sung Jin, Blue House Chief Economic Officer)

(Heo Jae, Deputy Prime Minister and Minister of Economy and Finance)

Hey, Sung Jin.

I just met him.

Yes.

How are things going with getting information from the NIS?

I'm talking about Eugene Han of Bahama.

What did they say?

What?

Are you serious?

Really?

Jaeyoung Bank secretly reached out to Bahama?

Yes, apparently.

Recently, Jaeyoung Bank withdrew...

every single one of their branches in the States.

Yes, they weren't doing so well.

Even if that was the case,

it would've had a huge impact on their international sales.

But they still did it anyway. Why do you think so?

Do you think Jaeyoung Bank is trying to buy Jungin Bank?

Jungin Bank has eight branches in the States.

They've already settled there.

This is crazy.

If those jerks sell Jungin Bank...

to Jaeyoung Bank in this kind of situation,

we'll end up getting the blame for everything.

How much is the expected loss?

It's way past four billion dollars.

I thought they agreed to stay for at least two years.

You were planning a restructure with the help of Bahama.

Were you trying to kill me?

Why are you meeting people from Jaeyoung Bank?

My gosh, you get information faster than LTE.

- It's almost as fast as 5G. - Are you going to sell the bank?

According to our promise, you still have to wait.

We didn't even write up a contract, so who says I have to wait?

Why are you in such a rush?

Why?

- I guess you haven't heard yet. - Heard what?

Now, we'll have to see who's quicker.

Either I sell the bank first,

or you catch me with the Korean version of the Tobin tax.

Tobin tax?

You'll soon get a briefing.

I don't care.

You're not to sell for two years.

I won't let you.

Is the government threatening to deprive a bank of its free will?

Then Bahama will...

will apply the ISDS and report you to the ICSID.

- What? - When the profits of...

a foreign company is infringed upon due to that nation's policies,

the ICSID allows us to directly sue...

the said nation.

Cool, right?

From what Ms. Lee said,

it was Director Na who leaked the information.

How did he find out about the Tobin tax in the first place?

Recently, we met with Chief Kim of the Foreign Exchange Fund Bureau...

to conduct a seminar.

The topic was on the Tobin tax.

Then Director Na ran into him...

at the Smart Work Center.

That's probably how word got out.

He tried to confirm it with me,

so I gave an evasive answer and changed the subject.

My guess is that he saw through me.

- When was that? - Not long ago.

What I can't understand...

is Eugene Han's rapid response.

He must've known before Director Na told him.

So there's someone else...

feeding him information?

If that's not the case, there must be another reason.

Why did Eugene Han...

inform Lee Hye Joon though?

He must've wanted...

to let the Korean government know that he knows.

Additionally, he figured that he had no use...

for Director Na anymore.

I want to know why he went to Lee Hye Joon...

of all people to burn Na Joon Pyo?

It's probably best if you ask her in person.

Yes, sir?

Call Ms. Lee Hye Joon of the IFB to my office, please.

Yes, sir.

He said he needed a plausible reason to see me.

A plausible reason?

Then he used this information as an excuse...

to see you?

Yes, sir.

Does he perhaps want a personal relationship with you?

Sir, that's a personal question...

I'd like to know what you think.

No, that's not the case.

All right. Then you are to join the Tobin Tax Task Force.

What is the meaning of this?

Eugene Han wants a reason to see Ms. Lee...

and I'm saying that we make one for him.

- But sir... - I'll do it.

Ms. Lee!

Eugene Han...

Let me get close to him for you.

(Money Game)

Before the audit, Bahama will want to sell Jungin Bank and pullout.

It's a race against the clock.

From the get-go, this game was between you and me.

If this fails, I will hold everyone accountable.

Chief Jo!

Why must I take responsibility when I did nothing wrong?

Who else can be held accountable for but Ms. Lee?

It will take longer than expected, so buy some time.

What if we close all branches of Jungin Bank?

I apologize for everything. This is my last request.