How Japan is eating foreign companies

(1)1. nissan
(2)= to list
(3)Nissan has a 15% stake in Renault,
(4)Renault has a 43.4% stake in Nissan. Renault’s majority shareholder is
(5)It’s France’s because they have voting rights.
(6)Then in 99 Nissan goes under with 20 trillion in the red.
(7)Renault is asked to help, and Renault agrees to support Article 7.
(8)condition instead.
(9)1. 100% control of the company
(10)2. Renault directly appointed Nissan CEO (the famous Carlos Ghosn)
(11)Newly appointed Carlos Ghosn vows to turn Nissan into the black within two years or else,
(12)Really breaks even in 2 years. It has been in the black ever since.
(13)Since France has majority voting rights, they attempt to merge.
(14)Disgruntled, Japan arrested CEO Carlos Ghosn upon landing at the airport as he traveled to Japan for a merger.
(15)The famous Carlos Ghosn arrest.
(16)Said they caught him for embezzlement, but the reason was weird. (He was still working, but claimed to have been creating a visa fund to spend after he left).
(17)After he was released on bail of 1 billion yen.
(18)Carlos Ghosn was arrested again the day before his press conference to discuss the unreasonable way he was investigated by the Japanese government.
(19)Bailed out again and escaped Japan like a real espionage movie. (There was a lot of talk about escaping in a musical instrument case…)
(20)Held a press conference overseas to reveal all the injustices done to him by Japan.
(21)Add to that the worldwide ridicule that Japan couldn’t even catch Carlos Ghosn escaping through the airport,
(22)Carlos Gonzalez gives a press conference abroad in case you missed it
(23)As the Japanese Attorney General once said, “If you’re innocent, prove it!”
(24)Mocked worldwide.
(25)In other words, when the presumption of innocence is openly disregarded in that statement alone
(26)Japan’s prosecution conviction rate is 99%, effectively creating a presumption of guilt
(27)Nissan operating profit drops 98% since then, first loss in 11 years
(28)Downward spiral.
(29)2. ABC Mart
(30)Established ABC Mart Korea with a 51:49 shareholding with Koreans
(31)When ABC Mart became so successful that it became the No. 1 store in Korea, the company decided to create a
(32)Jongyong Jong resigned as Korea representative.
(33)After refusing to resign, he was ousted in March 2011 and accused of mismanagement and embezzlement.
(34)sued on behalf of the company, and was found not guilty.
(35)Even in Japan, embezzlement cases have been cleared this neatly.
(36)He said it was the first time he’d ever been out.
(37)But you hire a hired gun and keep yelling at him to dust.
(38)It is now changed to 99.96% Japanese ownership and is a wholly Japanese company
(39)3. click Line
(40)Naver Line has a tight grip on the Japanese and Southeast Asian markets.
(41)Maintain 50:50 NAVER: SoftBank ownership in 2021
(42)In November of last year, 510,000 personal data breaches occurred in Japan.
(43)In response, the Japanese government demanded that NAVER sell its stake.
(44)Conversely, 9.28 million breaches from 2013 to 2023
(45)Generous with improvements for one homegrown company.

(1)It’s a bit of a cop-out,
(2)I’ve never been told that I’ve kept my word.