Geoffrey Cain
👤 SpeakerAppearances Over Time
Podcast Appearances
Park Chung-hee really has this military martial ethos to him.
He's a military man.
He served in the Japanese colonial military in the past, and he's very much a dictator.
He's not friendly to B.C.
Lee, and it's clear from this meeting that he will put B.C.
Lee in jail if B.C.
Lee does not cooperate with the government.
And so President Park said, you can say anything, so speak without reservations.
Is this a trap?
So B.C.
made his case that he would work for the national interests
But Park Chung-hee first shot back.
He said the people will not accept this solution.
And so the grand bargain he decided would be that prison time would be pointless for B.C.
Lee because that would strip Samsung of its uses.
B.C.
Lee and Samsung were still extremely useful to South Korea, but instead B.C.
Lee would have to pay it up.
And so he had to give up his three banks to the government.
He also had to pay $4.4 million in today's money.