Music, applause, music, applause, music, applause. This is Interesting Stories in the World of Finance and Economics with Park Si-dong. Yes, it's Si-dong Park back as your economic sponsor. It's a hot day today. Among the hottest this year. But days like this will continue to increase as summer is far from over. I hope you are all doing well in this heat. Now, we have a lot of news prepared for today. Before we dive in, let's say hello. Sunshine, you mentioned it's scorching hot. Our regular customer, Krutz, seems to be absent today. No, thank you, Dong-nim. Thank you for being here. You should go by your title, of course. Yes, thank you. Now, thank you to Mr. Wooje, thank you to Lee Hyang-man, thank you for the unique ID, thank you to Lee Jae-hyuk, thank you. Lee Jae-hyung, the high jump athlete in the Paris Olympics. I apologize. Cherry Cherry, thank you.

Kim Ga-yeon, thank you for coming, Representative Park Joo-min. Thank you, Shirasoni. Thank you, Ordinary Man, Smiling Angel. Thank you, Dangerous Na-won. Thank you, Kim Yong-gil, Bangulbang. Thank you, Coffee Joa. Thank you, Ah Lee Sang-yeol. Even though the broadcast hasn't started yet, thank you so much for sending your valuable sponsorship before even listening to the content. Well then, let's start in earnest today. The first news is about Baek Jong-won. Yes, he is a person loved by many. He is an entrepreneur, a broadcaster, a cooking researcher, and has various professions. He is also a YouTuber. He must be a senior YouTuber, right? From my perspective, he would probably be in the top 10 of the most loved YouTubers by Koreans. Also, So Yoo-jin, an actress, is leading a happy and peaceful family life. It's inevitable for famous people to be followed.

Various rumors and gossips naturally follow when living, but overall, many people like and support without major controversies. It's impressive to see someone leading the popularity and business growth well. Recently, the franchise headquarters, named The Born Korea, is going through the process of going public. There are speculations that the company's value could reach 3 to 4 trillion won. Although they already have sufficient wealth, there has been a concern about whether they are becoming a conglomerate in the food industry. Despite their positive image and reputation, if not managed properly, a significant incident could be detrimental. Up to now, the business model that the company has been operating seems simple.

When you look at franchises, it seems like this. In fact, why is this difficult? It's because our society is divided into many parts, where the strong oppress the weak, making it a very harsh society. As a result, those in a relatively strong position compared to the weak often harbor a lot of resentment towards the weak. They always think that those people were immoral, or they violated the law, or did something unfair. This also applies to franchises. In fact, franchisees, the owners of the franchise, are considered the strong, while the franchisor, the headquarters, is considered the weak. Therefore, the rhetoric surrounding the relationship between the strong and the weak always comes into play. It's like rhetoric about big companies, franchise monopolies, the headquarters and the franchisees, always coming out as if it were just a single word. This is why, fundamentally, when it comes to franchises, it's about the headquarters.

Especially for those who have poor recognition, there seems to be quite a lot. That kind of recognition is not wrong. It reflects the actual situation. However, if you look at it from a slightly different perspective, the franchise business model itself is not bad. For example, if you have worked hard for about 20 years and now have some money saved up to start a new chapter in your life, let's say you decide to prepare for a startup. Where should you start exactly? So, let's see. If you open a store here, will it be successful? I have no eye to judge if this is right. How many people live here? Is the population important? It's important to consider the floating population as well. You will also think about these things and then, what kind of product suits this neighborhood. I think it might be chicken or maybe pizza.

It seems like kimchi stew, but it's all good. I can make it well from start to finish. If I make it all, will it taste good? Or is it just tasty to me? Is this a popular taste? Various concerns come to mind. Then let's see. Where can I buy the necessary kitchen utensils? Where can I buy the ones I like? Where do I buy spoons and chopsticks, etc.? Next, starting from education, I found out from the authorities that even small businesses are heavily regulated. Why are there so many sanctions and regulations? Receive this kind of education, receive that kind of education. Regarding employees, they must receive basic industrial safety education. If they fall, it will be a big problem. Let's see. It's summer, so how do we deal with food poisoning? If customers complain and leave, how do we respond? Just answer their questions. But, what about the so-called black consumers who come now?

I mean, it's not that we got hurt at our store, but here we got hurt, then we ate something wrong here, and what should we do now, etc. Oh, I want to do well in business, but I don't know much about it. There are so many things I need to ask for advice, but I can't help it. If there is someone who knows everything well, I would like to pay for consultation, even if I have to pay for it. Is the design of this place okay? Should we put more popular and better menus? Are there too many menu items, etc.? I want to receive advice on everything from one to all, even employee training, from the layout in the kitchen to the hats they wear in the kitchen, even to the design of the napkins placed on the tables. Wouldn't it be nice if someone could give me advice on everything and help me do well in business? Do you think there is such a need? I think there is.

Yes, that's what franchising is all about. What do you think? Listening to this, you might feel grateful to the franchisees, but on the other hand, saying thank you can be a bit too humble. However, it can be seen as a form of business that is very necessary and helpful in some aspects. That's right, franchising. It's a business model that can provide great help and support. It's a business format that can be very beneficial for many aspiring entrepreneurs, especially those with little experience in starting their own business. It can provide excellent advice, manuals, standardized tastes, quality, and services to those who want to start a business. Why has franchising become a problem in Korea? The problem arises from the moment when the franchisor and the franchisee sign a contract. What kind of problem arises? For example, the issue of not being able to reach a franchising agreement, and here is where the problem lies.

It's not good, but oh, here, the throat is good here. If you sign a contract here, the floating population, how much is it, etc., it's good. They say, Sign the contract, and then if you sign the contract, then you start thinking about how to do the interior, right? If you leave the interior to the franchisor, they force you to do the interior. Then personally, if you place an order, if it's 20 million won, they'll just take about 80 million won. And personally ordering kitchen furniture and kitchen equipment, like a sink, refrigerator, if it's about 15 million won, they'll just take about 50 million won. So, etc., this is something that should be done for me, something that should be advised for me, but the franchise headquarters, saying that they are not unreasonably meddling, suddenly changes the relationship, the relationship of trust changes, which has been a problem for many franchises so far. Therefore, the representative of a bad business monopoly is.

It's ruined. But, however, this is my personal opinion. Some of you may not agree, but personally, among the headquarters in Korea, a company that I believe is conscientious, kind, and does work properly is Dabang Korea. This is my personal opinion. Of course, there may be people who disagree, but I think so. I have done a lot of research, have a lot of experience, and have been involved in various things such as franchise-related issues and movements, counseling for unjustly treated people, and so on. But in my opinion, it stands out. For example, because Baek Jong-won is famous, yes, because the owner of this franchise, Baek Jong-won, is so famous, it shouldn't be involved in bullying. Also, it goes dangerously into the kitchen and increases the margin.

It is not right to do business by sticking and pulling out like this. The spirit in that company is correct, yes. As a result, there haven't been any major issues with bullying so far. Because Baek Jong-won is so famous, the spirit flowing in that company is that they must protect the brand value. Exactly, next, what is it? Everyone, even if Baek Jong-won launches a brand at DGB Korea, you can trust it to some extent, right? Well, it may not be an amazing restaurant, but it won't be tasteless. It will have the familiar taste, that consistent taste, right? We have that level of trust, right? Yes, so we start with the basics. Yes, we start with the basics. We follow the basics, without violating laws or forcing things, so the quality and company operations are all fundamentally going well. So.

There was no problem until the listing declaration was received, but in reality, when the listing declaration was made was always anticipated in the securities industry. For example, what happened was that there is a brand called Yeondon Katsu. When you think of Yeondon Katsu, do you remember? Yes, Yeondon Katsu, the pork cutlet, is very famous. Yes, yes, it hit the spot. So, in the end, we went to Jeju Island, lined up like in the old days, and ate it. But they made that pork cutlet into a bowl, so it's Yeondon Katsu. And since people were always lining up to eat it, they changed the name a bit to Yeondon Katsu, because pork cutlet should only be eaten there, you should only eat it in Jeju Island. So, to make it more convenient to carry the menu around, they franchised it. It's a bit like an outdoor store, with a setup where you can order right away and take it to go, like this, a bit like this.

Let's create a brand like this. I think it was launched about three years ago in my memory. Yes, when I opened the first store in Jeju Island, luckily I saw it in Jeju Island at that time. So, yes, when there was the first or second store at Gangnam Station in Gangnam, I saw it. I tried the food and right after that, so I know a bit. Anyway, it's about a dispute with the owners of the Yeondon Pork Cutlet store. The key point of the dispute is this. The owners' story is this. At first, the headquarters said that consulting with us, the monthly sales would be around 3,000 to 3,300 won. Well, if you think about it, on average, it might be around 2.56 billion won a year. Even if it's not that good, we received consulting like this. Ah, I think this is the key point of the content. So, we believed in that and then.

When I look at it, even if my margin jumps up and down, I should still make a certain amount of annual profit. At least I should be able to earn around 300 dollars a month, right? So, I believed in consulting on the expected sales strategy of the franchise and signed a contract with great expectations. However, when I opened the lid, the sales were dismal. I was told that various menu items would be developed, but there were only one or two available, so customers didn't come back. So, the biggest complaint from the store owners is this. Firstly, the sales that you promised and talked about during the consultation were all lies. Secondly, you didn't develop new menu items enough, so even if I try my best to attract customers, it's hard because of you. But you might think like this. Then, make your own menu. That's not it. Franchises should have the same taste nationwide.

Because I have to go, even if I can make it more delicious, I can't make it delicious. It's not allowed to make it taste bad. It's not allowed to make it taste bad. You have to follow the taste demanded by the franchise headquarters. I want to add more sesame seeds, but I can't. I want to make the seasoning tastier, but I can't. I can't use the special sauce made for households. Yes, so please, the headquarters, do a good job in product development. Only then can I introduce new menus. If you guys don't support me, customers will feel too monotonous. Why isn't the headquarters developing or doing anything? So, if I see the monthly sales skyrocketing, even if I struggle with the current drop in sales, since you guys don't support me in development, the sales won't increase. Ultimately, the fact that I am currently suffering losses is not because of my hard work, but because of the headquarters' negligence. This is the core of the dissatisfaction of the franchisees.

So, I think many people have submitted reports on top of fairness or are scheduled to do so. It seems to be the situation. Well, when you run a franchise directly, there are many people who are going to do it in the future, and there are many people who are interested. When you sign a contract with the head office, you sign this much in the contract. You sign this contract. In that contract, as I mentioned earlier, it includes consulting content. But if there are false facts in it, of course, it becomes a problem. So, the crux of this issue is whether Dabom Korea definitively guarantees, promises, or advertises falsely about sales. We unconditionally guarantee over 3,000. Please check the national statistics. It comes out to that extent here. It's important whether the business analysis was done like this or not, even if it's not.

This is the expected revenue. The volatility can be like this. The point is whether the notification is accurate. Second, the headquarters did their best, but the sales dropped. Is it the fault of the economic downturn or the headquarters? This is the point. Even though some stores nationwide are doing well, isn't it the fault of the store owner that only their store is not doing well? From what I see, the store's image and taste are strange, and it seems like they are not following the manual. I see that they are being rude to customers, and so on, which is why the business is not doing well. It's not the headquarters' fault but the store owner's fault. There is a possibility like this. So, these two points will be the focus. Since we don't have much time to delve deeply into the economy, I cannot elaborate further. I just wanted to mention about franchises, that there is no need to view them too negatively. I hope you understand that there are certain aspects to consider, and going forward with franchises.

Even when you start a business, even if it's not a big company, there is no guarantee of excessive sales or whether your rights are securely guaranteed. There are many convenience stores, right? You open one here, and right next to it, they don't renew your contract. These kinds of things happen, so you need to be careful because there are many bad franchise stores than you think. Anyway, at first, even Baek Jong-won's company said to start from scratch, but the public opinion seems to be changing rapidly. Some of the store owners demanded excessive cash compensation, like If you give me 15 million, I'll just stay quiet, things like that. What's this? They can't run their business properly and are extorting cash from the headquarters, taking advantage of Baek Jong-won's fame. This is like a threat, isn't it?

There are some opinions on this side as well because the recording has been made public here. Now, I am not making a legal judgment here, but it doesn't mean that these opinions are correct. Yes, there are enough points to consider, but I will postpone the judgment for now and try to maintain a neutral stance to observe the situation. However, for those who may be curious about what's going on, let me briefly explain up to this point, just to give you an idea. Just a moment, there is a good comment, let me read it for you. If you have any questions, please feel free to ask. Yes, hello to the viewers. High Jump is Woo Sang-hyuk, right? Yes, I confused him with Lee Sang-hyuk earlier. Thank you to Dongbuk Byeongbang and Kim Young-gil. Yes, that's right, The Born Kyochon. Yes, it seems like Baek Jong-won is good at dealing with the owners. Yes, that's correct. And MJ, I...

I don't like Baek Jong-won. Yes, that's fine. Whether you dislike him or like him, it's all good. Yes, you've given many kind words. Now, before moving on to the next news, let me cleanly introduce this. I have this here because I have a mosquito bite. I will prepare this and then drink it. What is this? The name is so nice. It's good. It's good for simple energy recovery and especially good for relieving hangovers. It's really good for relieving hangovers, everyone. And patented various energy drinks are all included in this. Yes, it's good. Do you know Spirulina? Spirulina, yes. And then, there's detoxifying parsley, and passion fruit, which tastes good. Next, there's honey, and so on. It's an energy drink with various energy ingredients. It's good for you. Spirulina is the most important ingredient. This is probably for improving damaged liver function. And skin health.

Exercising is great, and here, in one bottle of I'm, there are a whopping 29 different ingredients including 5 types of vitamins, 6 types of minerals, and 18 types of amino acids. Therefore, it is a great drink that provides a balanced energy and a completely new vitality. I actually drink it, it's in my fridge. Yes, a few doctors are currently in it. I originally liked it, it's the best for homework. Yes, it's good. And for those who exercise or need to manage their condition, if you have been worried about fatigue for a long time, this is very good. Especially now, you can't buy this every day. About once a month, when the product is completed, you can make a reservation, sell it, and wait until it's completed and sell it. So, when you see this advertisement, you have to buy it or wait. If you don't buy it this time, it will be gone soon.

Items will be sold out. You see, there's a phone number, 9129 0880, call this number for consultation and reservation. The selling period starts from the evening of June 24th and only lasts until July 2nd, so it's short. Please make a lot of orders at this time. The reviews are incredibly good. If you introduce it, people go crazy. Anyway, for high school students, our children were weak, but after taking this, they became stronger than with herbal medicine. I take two capsules when I have a fever. It's very effective. It's excellent soil. Great for husbands with hangovers, top for students preparing for exams. Yes, anyway, our sales haven't started yet, but we are giving you a preview of the product. Okay, call that number and make sure to buy it before it's sold out. You almost have to win the Nobel Prize in Chemistry when you see it.

From now on, with an amazing 29 points, all the good ingredients are in here. Yes, let's gather first and have a toast, and the next news is about the population issue. Talking about the population is really, really serious. Everyone, this year, the total fertility rate in our country is expected to drop. We didn't expect it to drop like this. For the first time in history, it is projected to drop to 0.6. It's shocking. When a couple meets and doesn't have a single child, it's 0.6, having one child is like a tail. When four people from two households meet, one of the two households has a child. If one child meets another child and becomes a spouse, to go beyond one generation, at least eight people are needed. So, to create the next generation, at least eight people need to disappear. Therefore, with a fertility rate of 0.62, in just two generations, the population will be reduced by half, half, half, half, almost cut in half.

It is a shocking situation, really a situation where we should be worried about the collapse of the nation. It's late, it's late. Many people have warned a lot, but anyway, yesterday there was a big announcement. What announcement? The President officially declared a national crisis of population. So, what do we do once it's declared? We need to come up with measures. That's right. So, what kind of measures have been proposed? Let me briefly introduce them. First, there hasn't been a main department until now. So, it's not that there wasn't one, it just wasn't emphasized enough. Therefore, the government decided to create an organization that strongly supports this issue. There used to be a low birth rate committee, but now they plan to reorganize it. They are going to establish it as a permanent department. The department's name is Population Strategy Planning Department. Well, it's not just about the population, we need a strategy too.

Planning is difficult, but we decided to create a department called the Population Strategy Planning Department anyway. The head of the department will be at ministerial level. Among the ministerial-level officials, there is a chief. Hey, I'm not just any chief, I'm different from you. What do we call people like that? The Deputy Prime Minister says. How many Deputy Prime Ministers do we have now? We have two. The Senior Deputy Prime Minister in charge of the economic sector. Who is that? It's the Minister of Economy and Finance. Then, if it's the Minister of Education, the Minister of Education becomes the Deputy Prime Minister. Only these two ministers are at the level of Deputy Prime Minister, higher than other ministers. However, by creating the Population Strategy Planning Department, we will promote the head of this department to the position of Vice Prime Minister of Social Affairs. By doing so, we will empower them to lead and coordinate over other department heads. Seriously, we will provide support. Anyway, this is now a matter of legal revision. We need to change the government organization law.

Given the situation, we will first propose a legal amendment by the end of the year to establish a department related to population control within the government. The department will be named the Population Strategy Planning Department. This is the first measure. Numerous specific measures have been announced, which I will explain in three parts. The first part is Work-Family Balance, the second is Childcare, and the third is Housing. I will now explain the measures divided into these parts. 

First, the Work-Family Balance part. What is it? Simply put, it means making it less challenging to work and raise children at the same time. So, how will we do this? We aim to increase the utilization rate of paternity leave to 50% within the term. Do you know what the current rate is? It's 6%. Out of 100 people, only six men are taking paternity leave. We will strive to increase the rate of male paternity leave to 50%. This is our goal. If we talk about this, what will happen? Is this incorrect?

Will there be people who disagree? It's all correct. Let me give you an example. The issue is to increase productivity by 50% within the term, anyway. I don't know if it will work. There are only three years left. Yes, within three years, can it increase by 6% to 50%? Anyway, so now, there are some criticisms about whether it is realistic or not. Well, next, I will increase the parental leave pay to 2.5 million won per month for the first three months. Yes, 2.5 million won per month. So, if you add up the three months, it will be 7.5 million. Then, for the remaining nine months, yes, they will still receive parental leave pay. If that happens, it will probably increase by about 2,000. Yes, it's to make sure they receive up to about 2,000. This is for maternity leave. Until now, the male maternity leave has been one day. Yes, if they give birth today, the wife, of course, gives birth. Three months.

There are 45 days before and after, anyway, for men, it was the same day, but 10 days are too short. For example, almost in the hospital, as soon as you go to the postpartum care center, you have to go straight to work. So, what happens after 10 days is, in fact, if there is no one to take care of you, it's very difficult for your spouse, who hasn't fully recovered yet, to take care of the baby alone. So, for now, I will extend the maternity leave to 20 days. I think even that is a bit insufficient, but it should be a month actually, right? Anyway, I will extend it to 20 days. And then, um, so, I will raise the age limit for reducing working hours for parents to take care of their children from 8 to 12 years old. In other words, for those of you without children or those who haven't raised children before, I'm not sure, but right after giving birth to a child, I will take maternity leave. Now, while raising the child, in the middle, oh, I need to raise the child, I need to take a break, that's what's called childcare leave or parental leave.

Many people have been concerned about the age at which they can use this, probably thinking, When I was three, did I turn one when I was a baby? No, from what I see, when I was in first grade, just starting school, that's when kids struggle the most, not knowing anything, needing their moms' help the most. They say parents need a lot of help. But back then, if kids came and went without their parents' help, what would happen? They might not be able to write in Korean, or their academic performance might drop. There were many concerns like, Do we have to start using it at eight years old? There were many worries, but changing the age range from three to twelve years old to effectively cover the entire elementary school period for parental leave is a good idea. Yes, this is a necessary discussion. Anyway, if we raise the age limit for existing leaves of absence, it will be fine, right? Yes, this is something that doesn't cost money, and naturally doesn't require additional funds.

I should have done that. So, next, if I want to write whatever I want, what should I do? I can see the atmosphere at work. Why do I sense the atmosphere? If you leave, who will do your job? Because of things like this, I always feel pressured. At that time, the company hires other people. When they hire replacements, the company should provide some financial compensation at least. Isn't it better to hire replacements as they wish without feeling pressured? Therefore, measures like increasing the support funds for replacement workers to 1.2 million won per month will serve as basic measures for work-family balance. There are no incorrect details. Furthermore, if it falls short, rather, the issue is whether it can be realistically achieved. This is what it is about. Moving on to the second childcare policy. What is childcare? It's literally about raising children. Yes, but in reality, free childcare is somewhat available. This is a bit.

I will raise it, and actually, the content is to keep raising it until the end, and then I will make sure that the program that has always been seen in all elementary schools nationwide can be used. So, in fact, until elementary school, at least, the country will take some responsibility for childcare and nurturing. This is the same. It's not a wrong statement. Who would say that the goal was set, right? But what is the problem? Realism, yes, let me tell you about that. Next, the issue of housing, balancing work and childcare, housing. First of all, in order to raise a child well, the home needs to be stable, right? In order to do that, the issue of housing is important. We need to greatly increase special supply related to new housing, and when a baby is born, we should provide plenty of opportunities for housing applications, and in terms of loans related to new housing, we should also provide them generously. For general housing sales, we should first provide lots of opportunities for selection, and so on, benefits related to new housing.

It's amazing, so many benefits are gathered here. Anyway, when it comes to housing issues, various benefits are coming in drastically. Let's divide them into different parts. These measures were mainly announced the day before yesterday. Let's reconsider. What is the problem? It's feasibility. Firstly, the government says that they will submit legislative amendments by the end of the year, such as the National Assembly Act. And they will do what the government can do right away. This means they will do it right now. Let's watch and see if they really have the determination. Next, regarding the childcare policy I mentioned earlier, in reality, when things happen on-site, this is what happens. For those of you who haven't raised elementary school children, you may not know, but this is how it is. Your child finishes school around 12:30 to 1 o'clock.

It's over. What time do we finish work? Even if we finish early and go home, it's around 7 or 8 o'clock. So, what do we do in the meantime? Someone has to watch over. Therefore, inevitably, parents send their kids to academies. They just send them around. They go to taekwondo, then English, then piano, moving from one academy to another, asking if they did well, did well. Yes, even for elementary school kids, it's like that. At least for daycare centers or places like that, they come late. Yes, at least that's the case. When they reach the first grade in elementary school, it's over. Where do the kids go? Yes, so they go around in circles, and when we say solve that, as I mentioned earlier, it's the perennial policy. What is it? It's like an expanded version of the old days when schools used to have after-school programs.

They say they will succeed nationwide, but do you know what the situation is at the school sites? They leave one classroom empty, gather the elderly applicants in one place, and if something happens to those kids, it will be a problem. So, the homeroom teacher designates one person and just leaves it as it is. Yes, so those who have the money or can afford to send their kids to academies can learn something while they are there. But for those who are in a difficult situation, they leave their children in the spring. The government just pressures the schools to expand without providing budget, manpower, or programs. The situation at the school sites is chaotic and confusing right now. The workload is overwhelming, things are out of control, and it's really neglected. What's going on? Even the teachers feel it a lot because they have the manpower, organization, space, and they should take the kids in if they apply. That's how it should be in the classroom.

It's just a mess with all the kids here. The budget is tight, as I mentioned. We didn't make any mistakes in what we just mentioned. People need to be satisfied realistically, and the government needs to take care of us as a service country. Services need to truly resonate with people to feel relieved, right? The same goes for the issue of giving. So, at least, I can raise a child stably with the support I receive and can raise them without much difficulty until they graduate from elementary school. I should be able to work without interruptions in my career. If the public agrees to these conditions, the government can say, We have succeeded in our low birthrate policy. Then, there wouldn't be a need to spend tens of billions. When it really resonates without saying a word, when parents feel assured biologically, don't lower your guard, even then.

Isn't it the core, so the details of the policy are, in the end, what is it? Yes, it's the budget. So, what I can't help but talk about is, what are we doing with the national budget? Even if I don't go into further detail, you all know it well. Last year, there was a astronomical tax revenue shortfall of 56 trillion won, and this year, due to the current situation being worse than last year, there is a tax revenue shortfall of at least 30 trillion won. So, what is the government doing now? They are currently preparing next year's budget by department. However, the budget itself has decreased, and on top of that, tax revenue shortfalls will continue to increase. Therefore, do you know what the government is doing right now? They call it a rigid budget, meaning they cannot adjust things like labor costs for public officials. How can you reduce personnel expenses? So, a rigid budget is where you cannot make adjustments.

What can we touch without touching the budget? The discretionary budget is soft. Ultimately, we have to reduce the discretionary budget. However, the mandatory budget naturally increases. We have to pay salaries, and we have to increase the materials cost for civil engineering projects we are currently working on. So, regarding the mandatory budget, even if the budget doesn't move, even if there is no increase, a natural increase occurs. However, the overall budget has decreased, while the mandatory budget portion has increased. So, what do we do? The remaining discretionary budget that we can touch needs to be reduced significantly. Therefore, currently, national civil servants are busy reducing the budget. Hey, but even urgently reducing it. So, wouldn't they ask how to reduce it? There is an incentive for reducing it. If you reduce it a lot, you can start a new project.

I will make it happen. This is the situation right now. In this situation, as we discussed earlier, there is not a single policy that is wrong. Please just wait and see. I asked if it would be possible to actually allocate the budget for these policies. Expand the classrooms in every school. Also, increase the number of classes from the current one to about five classes. Assign two staff members, a main teacher, and an assistant teacher in each classroom. Allocate program funds so that programs can be run. Can this budget be realized? Yes. So, the content is good, but we still need to keep a close eye on it. Anyway, regarding national issues and population problems, the country has officially declared a state of emergency. From today, let's see if things really change drastically. Please keep an eye on it. I have said this much, and today, just now.

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Please filter it. Next, the news is this. Oh, the lid is opening. It's news of the lid opening. Because, you all know that I have a panic button for those pro-Japanese traitors. Our regular customers know. I can't stand it. About LINE and related matters, those who have seen it on Yahoo, they are practically trying to loot and plunder a lot now that the lid is open. I have introduced it a few times, and then I will tell you what happened. As a mid-term check, I will tell you today. Due to the situation with oil and whatnot in the East Sea, I have somewhat drifted away from the media's attention, but now is not the time. This issue has been ongoing. First of all, let me introduce this. What is happening in Japan now is that they are still continuing to plunder LINE. Let's take a step back and look at it.

When reflecting on why the situation turned out this way, it was revealed that our government's initial response was not sufficient. This was announced by the Democratic Party's Hwang Jung-hwa's office. I'm sorry. The administrative guidance to reexamine the equity relationship in Japan came out on March 5th. The contents were immediately known at the Japanese Embassy, but when did we send this to our Ministry of Science and Technology? It was sent over a month later, actually over a month. The truth is twisted. Our main department did not receive it. Meanwhile, Japan was progressing with the looting operation during that month, but we wasted a month. So, when did the Ministry of Science and Technology start working on this after receiving the document from the Japanese Embassy? It was not until much later, after confirming Japan's government's position through an official from the Ministry of Internal Affairs and Communications on April 26th.

Through the interview, we talked about various things on April 29th, after confirming it at the embassy for the first time on March 5th, or after the first meeting with the Japanese government on March 5th. As the embassy and the Ministry of Science and Technology were contacted, such discussions somewhat started on April 29th. Checking a little bit of a lie, two months have passed as planned in Japan. Can incompetence really be this incompetent? Yes, there was such an incident. Well, the second interim evaluation, the second 18th, was yesterday or the day before yesterday. Line Yahoo's shareholders' meeting was held. What happened? How significant were the announcements? The conclusion is, at this point, Line Yahoo's CEO said, We will move forward with separating Naver Cloud and the employee system certification, etc., etc. In any case, the separation from Naver has been accelerated.

I'm talking about cutting off the de facto relationship with Naver. The decision to part ways is final. Where did this conversation take place? Right at the shareholders' meeting. At the shareholders' meeting, the decision to break up was announced. After that, when I looked into what actually happened, first, all the directors at Yahoo were replaced by Japanese nationals. So far, there were four internal directors and three external directors, with our Mr. Shin Joong-ho as one of the internal directors. However, with the restructuring of the board, the number of internal directors decreased by one, and the ratio of internal to external directors changed. As a result, the director sent by Naver, who was the only one left, was expelled. Therefore, all the directors were replaced with Japanese nationals, 100%. Also, another thing that happened is Line Pay. It's like our Kakao Pay, used by 44 million people. Regarding Line Pay, Japan announced suddenly, Stop it, stop it.

I'm going to stop here. So, what are we going to do? Yes, then Yahoo's payment service, PayPay service, PayPay service, the service called PayPay, everyone, now switch to Naver Pay. It's the end of Naver Pay. They announced to switch to PayPay. How abrupt was this announcement? The announcement was made simultaneously in the company. In other words, the upper management announced to only use Line Pay, but the lower management announced that they developed a new product without knowing about it. In other words, urgently, the Japanese government and the upper management are continuously urging to cut it off quickly. The situation is very urgent. Another thing, number 1, the map is not good. Maps like T Map or Kakao Map, when you look at them, of course, the map is good, but when you click on it, you can see restaurants and ratings.

Japan has been advanced, but now it's not advanced. It's very weak, so they were working on advancement. Yes, Naver was, but someone said to stop all that, so the collaboration ended. Next, in Korea, there is a Korean subsidiary of Line, a Yahoo affiliate, and there is a company called InBiz Plus in Korea. They are clearing it out, clearing it out, and eliminating it, etc. Tremendous things are currently in progress. Naver has stopped all consignment businesses related to Japan, stopped advanced businesses, stopped Line Pay, cleared out Line Biz Plus, etc. Tremendous things are steadily progressing. If you calculate the capital value, from consignment businesses related to Japan, etc., the annual revenue of 100 billion won disappears from next year. What will happen to Naver's stock price? Everyone. But the more shocking fact

What it means is that even if you hold on decisively, you might think that it's not yet lost because you can still hold on. Currently, the parent company of Yahoo is A Holdings. Naver owns 50% of A Holdings, and SoftBank owns the other 50%. It's a 50-50 split. Other companies are like, You take this, so they hold 50% each. Under that company, there's Line Yahoo. If one company moves, more than half automatically moves over. They are asking for that one company now. Yes. Regarding that, because public opinion in Korea is too heated at the moment, it seems like they have temporarily entered a state of stability. A shocking comment came out. As I mentioned earlier, I asked the CEO of Line about this. I asked, What's happening with the sale of shares? This person said, We are not in a position to decide on the relationship with the parent company, but based on administrative guidance, we are requesting a review of the parent company.

What is this all about, everyone? It's said that the CEO of Line, Yaoo, is urging his parent company to quickly hand over the house. Does that make sense? Yes. If we translate it again, it goes like this: We are talking back and forth internally, asking for a quick transfer. In other words, the sale of shares is not finalized yet. So, to sum it up, although it seems like our company is in a stable condition, the talk of my country, my country continues. Apart from that, all consigned businesses with Naver are being cut off, and all businesses Naver was conducting in Japan are currently being halted. Now, what would Naver's stance be? Hey, can I make this work in Japan? Wouldn't it be difficult? Well, then there's no choice. They will have to completely yield and hand over the shares, saying, You handle this in Japan.

We might have thought about whether to withdraw from all business areas except for Japan. We even asked about that. So we asked about it, and in response, they said, It may sound absurd, but we don't plan to give the Southeast Asia business to Naver. You guys should just sell what you have here and leave. There is no intention to hand over the Southeast Asia business to Naver. In other words, no one is taking anything, and we are being told to just sell everything and leave, which is a very unfavorable situation that is progressing steadily. We can't figure out what the government is doing in such a situation. Fortunately, after the 22nd National Assembly took office, 57 Democratic Party members have currently signed a petition and put forward a special resolution regarding the Line-Yahoo deal. At least the political sector is taking a slightly more active role.

Let's try to expect to be awakened once. Well, today there were three pieces of news prepared. Since I am a bit absent-minded, I'm not sure if it was delivered well. The weather is too hot. Maybe I caught a heat stroke. Anyway, thank you for listening. Shall we introduce a good article that was posted? Let's take a look. For example, V Unit Ait. I'm not sure if it's French or not. Quality jobs are scarce, and with the rapid aging population, self-employment is thriving, right? Yes, that's correct. There's a restaurant run by Alan Leon. There's no mediocre food there. I still don't know why the food is so good there. As for Mr. S2, he knows someone who was sued. The food got tastier, and the franchise improved the taste by changing the ingredients, but they got sued for it. That's what I heard. If you have anything else to add, please do, Mr. Alan.

Satan, that's right. Thank you for explaining it so easily. I'm very grateful. I'm good. Thank you for your words. Dreamtree, it's not incompetence, but I think it's because you take the lead and actively participate. Yes, I have the same thoughts as you. Yes. Anyway, thank you for listening a lot even though it's hot today. I will come back with more fun and informative news tomorrow. Then, everyone, have a happy day, and I will see you tomorrow. Thank you. Introducing My Insurance Check, where honest insurance professionals you can trust objectively check and provide fair evaluations and reasonable alternatives. My Insurance Check prioritizes the benefits of insurance policyholders. It checks if the existing insurance is suitable, helps maintain essential insurance contracts, and provides assistance tailored to the customer's current situation, by informing about unnecessary or insufficient insurance coverage.

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(박시동의 경제한스푼) 더본코리아 상장 앞둔 백종원, 점주들과 분쟁 / 윤 대통령 "인구 국가비상사태 선언" #백종원#더본코리아#공정위#윤석열

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