Original subtitles

(Im Si Wan)

(Ko A Sung)

(Son Hyun Joo)

(Park Yong Woo)

(Tracer Season 2)

(The names of people, incidents, and backgrounds...)

(of this drama are fictional.)

Breaking news. Director In Tae Jun...

of the NTS Joongang Regional Office...

has officially stated that the meeting minutes...

were manipulated to slander him.

Moreover, the informant's family is claiming...

that someone from the NTS came by...

the night before the informant jumped to his death...

and demanded that he provide a false statement,

which is stirring controversy.

(Interview Room 1, Do Not Enter, The Board of Audit and Inspection)

Why did you visit Cho Tae Gu's home?

Jaesong Construction's meeting minutes...

were important evidence to help determine whether or not...

Director In truly committed corruption,

so I wanted to make sure that the informant was someone we could trust.

And? Did you find anything suspicious?

I heard why you decided to send us the tip-off.

You thought it was extremely unfair that you were let go...

for allegedly receiving a rebate.

- Yes. - I heard something strange though.

Three years ago, you were investigated by the prosecution...

for helping foreign workers obtain citizenship illegally.

I understand your indictment was suspended,

but the prosecutors are convinced that you were involved in it...

for a number of years.

Yes, I admit that I was involved in it in the past.

That much is true,

but I deeply regretted it.

I was too ashamed to even face my family.

But I swear, that thing with the rebate isn't true.

Look, Mr. Hwang Dong Ju.

This isn't an internal investigation.

Do you think this is a joke?

(Interview Room 1)

My goodness. How come it's so tense in here?

Is there a problem?

No, sir.

Hello, it's been a while.

Hey, Hwang Dong Ju.

I told myself I'd live gracefully from now on.

Why must you show yourself in front of me again?

Hey, I really don't want to cross the line.

Couldn't you have been considerate of me?

If you jump into my net like this,

I can't help but be tempted, you know?

You've already concluded that I'm guilty because I met him a few times?

Is that everything?

Because you neglected Jaesong Construction's bankruptcy,

the eight-figure penalty can no longer be collected.

Jaesong Construction has already declared bankruptcy?

From what I know, that is not the case.

Of course, I knew you'd be yapping away like this...

even in this situation.

But are you sure?

You ended up in this mess because you thought you could outsmart everyone.

Yet you still believe that there's something you can do?

Are you sure about that?

All right.

Do your best.

If you were too easy, everyone would lose their fighting spirit.

And it'd be too boring for me.

Did the talk go well with Jung Il?

Yes.

The statement of the bereaved might not be enough to get him fired,

so I'm going to fill in the rest.

Do you think he's cooking up anything else?

He knows that the Board of Audit and Inspection is doing a lot,

so he'll behave himself.

Come on. Are you kidding me?

Who cares about Jang Jung Il? I'm talking about Hwang Dong Ju.

Don't underestimate him because you guys can't beat him.

Don't you know that he can easily outsmart you guys?

He's now in a bind with the informant jumping to his death,

so I'll finish him off with Jaesong Construction's bankruptcy.

(Statement, Hwang Dong Ju)

I'll be off, then.

The situation is looking really bad.

Jaesong Construction's bankruptcy, the 45 billion won penalty.

And the informant jumped to his death.

At this rate, they'll put everything on Mr. Hwang.

Mr. Baek Seung Ryong will come under fire first.

He made a pledge that he'd step down if anything happened...

to Bureau Five.

Knowing the situation Ms. Min is in,

if Mr. Baek steps down,

the position will go to In Tae Jun.

Oh, boy.

What's going on?

Mr. Hwang, why are they accusing you of threatening Cho Tae Gu?

Let's split up and get moving.

I'll meet with the bereaved.

You guys go to Jaesong Construction.

Even if you manage to prove that you didn't threaten Cho Tae Gu,

if Jaesong Construction declares bankruptcy,

we won't be able to avoid disciplinary action. Okay?

Well...

Before that, there's something I must tell you.

(February 26, 2004)

(Through Sancho Bank, we gave pressure on some companies that didn't listen.)

(But something happened. Someone died.)

Due to the gravity of the situation,

I don't even know what to say.

I'm sorry.

Knowing there would be a trap,

I still got all of you roped into it and failed to protect you.

So I'd like all of you to think about it.

Whether or not...

you should stay on the team to sort out the mess with me.

Mr. Hwang, you sure don't like clutter.

You always do things by the book and know what's right and wrong.

But you can be a little slow-witted at times.

Do you think we listen and obey...

even though we don't want to...

just because you outrank us?

Everyone here knew...

that you were after something else.

- Sorry? - But you see,

we thought there could be more to it...

than merely surviving at work,

so we helped you.

We did it out of a sense of duty,

so don't feel sorry for us.

Don't belittle our intentions!

Yes.

If you're going to keep feeling sorry, just quit.

The Hwang Dong Ju who likes to cross the line...

was at least fun to work with.

But the Hwang Dong Ju who is all polite and careful...

is no fun.

You've lost your charm.

You're no fun!

Now, I can see...

why all of us ended up in Bureau Five.

You know?

Right?

I mean, look at us. Everyone's such a character.

Other departments can't handle us.

Mr. Hwang, what are you doing?

Sorry?

The clock is ticking!

Guys.

Thank you so much.

- Gosh. - What's with him? Goodness.

- You really have lost your charm. - Oh, you can eat this.

- Let's go. - It doesn't suit you. So boring! Come on.

Wait, Ms. Seo.

I just wanted to ask you if you were okay.

Why wouldn't I be?

Well, I heard Mr. Hwang...

mention a specific name a few times,

and I thought it could be upsetting for you.

You heard everything?

About how my life hit rock bottom...

and about Myeongju Electronics too?

Come on. You don't have to explain it like that.

I've told you numerous times. Just vent to me.

I'm not smart like you. I don't really think much.

When anything happens, just vent to me.

Hey, Kim Han Bin. I have been venting to you.

I asked you to tag along whenever I was scared to be alone.

Did you not know?

Han Bin!

Yes.

(Who Is the National Tax Service Executive Sancho Bank Helped?)

(Caught Trying to Buy NTS Commissioner Position With Bank's Money)

(Caught Trying to Buy NTS Commissioner Position With Bank's Money)

(Letter of Resignation)

(CEO Ryu Do Hyung)

Yes.

I stopped by to say hello, but he has an urgent meeting.

There was no one in the office, so... Take a seat.

Mr. Yoon Dong Soo.

You'll hear some good news soon.

Congratulations.

Pardon?

You see,

CEO Ryu Do Hyung...

is meeting with the legal team to figure out a way...

to make sure your family can be taken care of...

even if you don't work for the next four years.

I'm not quite following.

Well, practically everyone saw tens of billions of won being sent...

to the Director of the Joongang Regional Office,

so they need a scapegoat to take the fall for it.

And they figured...

you'd cost them much less than CEO Ryu would.

Well, that's what PQ thinks.

And you two, congratulations in advance.

CEO Ryu made a foreign investment with the 180 billion won...

he had embezzled from the company but blew it all.

But you used some promissory notes to help him cover it up.

And I have...

evidence right here.

If I hand this over to the prosecutors,

someone will have to take the fall for it.

How amazing is it?

A once-in-a-lifetime opportunity to be remembered as PQ's loyal servant.

Hold on. What are you talking about?

- You can't do this. - However,

I would like to...

give you a chance. Just one chance.

Those who have sinned must be punished.

Let's show them.

What do you say?

Are you talking about CEO Ryu Do Hyung?

You mean, you'll put him behind bars?

Have you ever seen...

the owner's family ending up in jail?

That's why I called you here today.

Mr. Yoon, I need you to compile all the details on his slush fund...

as well as all the evidence that shows his involvement.

And you two.

Persuade some executives to testify against Ryu Do Hyung and say...

that they were practically his wallet. I need you to bring them to me.

We're going to make sure he will get a heavy sentence...

even if the case is handled by a judge who is blinded by money.

It's about time we realized justice.

And in return...

Okay, here we go. A billion won!

That's the starting price.

You see, it won't be easy for you...

to get a deal like this while also keeping your positions.

But the moment I get up,

the offer is off the table.

And all of you will have to get ready for your summons.

Two billion won.

Three billion.

- Four billion? - Just a moment.

Five...

Seven billion won.

- Ten billion. - Wait.

- Goodness. - I'm in.

Hey.

Oh, one more thing.

There's an important condition that I forgot to mention.

At the upcoming shareholders' meeting for PQ Holdings,

Elvereign...

will suggest that the company undergo management reshuffle.

I'll need you to vote in favor of it.

But who can guarantee that Elvereign will suggest it?

Me.

I understand that CEO Ryu is in a pickle,

but you want to eat up the holding company too?

Aren't you being too greedy?

Well, that's my problem, so let me deal with it.

In any case, I haven't heard your answer yet.

Nine billion won.

Eight... No.

- Seven billion. - Wait.

Hold on a moment.

We never said we wouldn't do it.

Oh, boy. Look how fainthearted you are.

Can I really count on you?

You have my word.

I'll make sure...

you won't regret this decision.

First, we need evidence to get him locked up,

so work on that first.

I'm back,

so tell CEO Ryu that he can come to my office...

if he needs to speak with me.

Yes, sir.

Is there a trash can...

Throw this out, please.

Sure.

What did they say to Cho Tae Gu...

that he jumped to his death?

I bet they blackmailed him,

using something related to the rebate.

But you said he kept feigning ignorance.

It probably means there's a huge secret behind it.

But we don't even know who it is. How did they find out the secret?

What if it was someone who had something huge?

So they waited until they found a weakness?

It's not impossible.

(NTS Joongang Regional Office)

What is it?

For years, he helped people obtain citizenship illegally.

What happens when you get busted for obtaining citizenship illegally?

Well, don't you get deported?

- Ryu Yong Sin. - Do you remember...

the part about him in my father's memorandum?

Yes.

Here.

This person, "R."

R showed up. He is a neglected love child who grew up in Japan.

He's smart, but he is nearly impossible to read.

People like him don't stop until they get their hands on everything.

I need a card.

A card I can use to take him down...

the moment he crosses the line.

I'm certain that he was referring to Ryu Yong Sin here.

Rumor has it...

that it was R's idea to tell Jaesong Construction...

about In Tae Jun's wife's illness.

In Tae Jun still resents him for what happened 17 years ago.

He wouldn't just leave him be.

Are you saying he knows what to use to take down Ryu Yong Sin?

Yes.

But Ryu Yong Sin isn't naive enough to just sit around and do nothing.

I'm sure he already set things up...

so he can crush his enemy whenever he needs to.

If they both have something on each other,

the best way to take down In Tae Jun would be...

Ryu Yong Sin and In Tae Jun.

Making them...

target each other. Wouldn't that be the only way?

Mr. Hwang.

(NTS Joongang Regional Office)

Ms. Min.

Have this cold drink and relax a little.

It'll wake you up.

Jaesong created fake client accounts and forged their numbers...

to embezzle cash.

For that alone, they owe 45 billion won in fines.

Even if we must seize their assets, we have to get the money from them.

Mr. Hwang, you know that we'll face opposition, right?

We'll live if we seize their assets,

but Jaesong will go bankrupt.

You jerks!

Your boss ran off with our money. If you don't know anything,

then what about us? What do we do?

Is it true that the company will go bankrupt?

Gosh, what do we do?

We lent them the money because we trusted Jaesong.

If we don't get the money back, we'll be out on the streets tomorrow.

Shouldn't someone take responsibility for this?

This will result in chain bankruptcy of a number of companies.

Mr. Hwang, why don't we wait a little before we conduct the seizure?

No, we can't afford to have mercy at the moment.

Let's go.

Please let us in.

Let us go in!

- Please step back. - Move!

We're here from the NTS. I am Hwang Dong Ju.

I'm Senior Manager Kang Chan Ju.

(Jaesong Construction, Accounting Team 1)

You barely managed to save the company from going bankrupt.

But the next promissory note is due in three days.

The executives are negotiating the details of a sell-off.

- We will overcome this crisis and... - Sure, cheer up.

Please hand over a full list of your seizable assets.

If you go ahead and start the procedure,

the negotiation may fall through.

If we go under, all our subcontractors will go out of business as well.

The government should make some concessions.

If you care that much, why did you sit back and do nothing...

until the company ended up in this mess?

What did you say?

I suggest you hand over the list first.

Please don't touch anything until we make our decision.

We'll seize the subsidiaries' shares first.

Can we have the list?

Oh, sure.

Let me ask you something.

Cho Jin Ki was the one who tipped us off about the meeting minutes,

and we checked with the Inspection Department...

to decide whether or not we could trust him.

The Inspection Department. Your background.

Were you involved in any way?

Yes or no?

Are you asking because you're truly curious?

No.

If you were even slightly responsible...

for the mess Hwang Dong Ju is in now,

you should take responsibility for your own action and help him.

Why me?

Didn't you come to me because you know what I did?

You are the chief of Bureau Five at the moment.

I believe that you're nothing like In Tae Jun.

I'm just telling you to take responsibility for what you did.

(Cho Sun Min, Cho Tae Gu's daughter)

(9 Samhak-ro 21-gil, Unit 202, Simjeong-gu, Seoul)

(Unit 202, Use Rear Staircase)

Who are you?

Oh, hi. Did your mom step out or something?

She's at work.

Your grandpa...

You didn't hear anything?

Who are you, mister?

Are you a creditor?

Based on what the kid told me,

I'm guessing Cho Tae Gu's daughter has been refusing to see her parents...

even when they visited her ever since her husband died two years ago.

She went to work even after hearing about her father's death,

so it must be true that she cut all ties with them.

Maybe it had something to do with her husband's death.

The problem is,

she's not getting any financial help from her parents.

It looks like she's been neglecting her child...

for a long time.

He said he hurt his hand a few days ago, but it's been left untreated.

He also says that his mother drinks often.

I'm sure that Cho Tae Gu took his own life...

because he was being blackmailed.

His relationship with his daughter isn't normal.

I'm sure it had something to do with it.

You have to meet his daughter in person.

How is it? Is it good?

Can I have one?

Oh, it's for me?

Eat slowly. Make sure you chew well.

Chew ten times before you swallow, okay?

I should have never kept you by my side.

I was wrong about you.

The situation is bad, and I am sorry.

However, I believe it's time...

we revisited your pledge.

You said you'd step down if there was any problem with Bureau Five.

And luckily, there are plenty of grounds now.

If Ms. Min and I both step down,

who will stop you?

What will you do if there's no one to stop me?

When you're on the battlefield, you can't afford to stroll around.

However, you got distracted and tended to people on the sidelines.

That is why you lost to me, sir.

I'm not sure if I agree. In my eyes,

it seems like you're most bothered...

by the very people on the sidelines.

You want to cut them loose but can't.

Isn't that why you're going to such lengths?

(Finance Director Ryu Yong Sin)

Embezzlement.

(Report on Ryu Do Hyung's Insider Trading)

Tax evasion.

Insider trading. The media will make quite a fuss about this, right?

For about a month, tops.

You know that we can make it all blow over in a month.

How could you threaten me like this? Shouldn't you know better?

I guess you can't think straight now that you feel cornered.

Sure, PQ can make it look like none of this ever happened.

But to cover this up in a month,

you'd need a lot of money.

Do you have money?

Do you? Do you have enough money to protect your management rights?

To bribe those who can help you get released on probation?

After you do that, you'll still need money to stop this. Do you have enough money?

Bring it on!

Let's hold each other at knifepoint!

Fine. I can go to jail for a few years, right?

But what about you?

You can try all you want,

but what about our old man's shares? What will you do about that?

You fool. Had you wanted to cook up a scheme,

you should've waited until he died.

Then you could've inherited a few useless shares to come at me.

You idiot. I bet you didn't even think about that.

Why should I wait for that? Do you realize what I'm really after?

Do you think I'm just after bringing you down?

CEO Ryu Do Hyung.

Do you still not remember me?

I remember everything.

When I was 20, I had a part-time job.

I was a caddie at a golf course in Hokkaido.

I had that job for about three years.

I just had to work like a dog under the blazing sun...

for three more months...

to save up enough for half of my tuition for the next semester.

But one day, I heard someone say...

that PQ's old man and his son...

were visiting and that they were at the golf course.

You see, I was very curious about him when I was young.

I always wondered, "How could he be my father?"

"What kind of father does that?"

My so-called father abandoned me in a foreign country...

and didn't even care how his wife...

was raising his son with that gangster.

But I was still...

curious.

"What would happen if I ever met him?"

"Would he..."

"recognize me?"

But...

I guess I was too nervous that day.

I miscalculated the distance.

So I got fired that day,

for ruining his game.

Hey.

I'm not here to listen to your pathetic stories.

Yes, you are.

- You lunatic. - I'm telling you.

Before the day he dies,

I must get back at him for how he made me feel that day,

but the only suitable option for a partner...

Hey.

You're my only option.

(Initial Consent Actions of the Board of Directors of Elvereign Asset Management)

(Certificate No. 1 of 50,000 shares registered in the name...)

(of Mr. Ryu Yong Sin, 1547 Hoil-dong, Samdong-gu, Seoul.)

(Mr. Ryu Yong Sin)

Are you the one...

who owns Elvereign?

Isn't it funny?

None of those smart people at PQ...

had no idea about this.

You see, Director Joo, who was my brother.

I was always worried that he'd run his mouth,

but I suppose luck wasn't on his side.

Who knew he'd go missing?

He's your brother?

At the upcoming shareholders' meeting,

Elvereign will suggest management reshuffle.

The target is Chairman Ryu Kwon.

Vote in favor of it.

Then except for bribery, I'll make...

everything else disappear.

After all, what people like you fear the most...

is going to jail.

The chairman position can be retrieved upon release.

I'll leave PQ Electronics untouched,

but I'm taking PQ Products, Distribution, and Heavy Industries...

through a split-off.

But how can I trust you...

that you will give back the position?

I'll put it down in writing.

Even if I side with you,

you won't be able to break up those who support our old man.

Right, I'm aware of the three percent that I can't break up.

However...

You even included that in your calculations?

(Jaesong Construction)

What's your problem?

What did you guys do until the company ended up in this mess?

All you had to do was do your job right.

- What did you do? - What?

- Mr. Hwang. - Mr. Lee.

You went all the way there. I don't care what you had to do.

You shouldn't have returned until they gave us a payment extension.

- Why don't you go ask them yourself? - What?

After all, isn't that what your title is for?

How did you even get the title?

You little...

What? You even got people killed!

We're off.

Mr. Park.

Two years ago,

two men died at the construction site for the Doseong Bridge.

And three years ago,

four people died during the construction of Najung Building.

Which of the two cases were they referring to?

Jaesong Construction has its own legal advisor,

but the company has been paying Kangseong Law Firm for three years.

(Kangseong Law Firm has been invoicing Jaesong. Details are attached.)

The company must've been paying the law firm in secret...

because Jaesong was actually...

responsible for the accident instead of one of its subcontractors.

(Kangseong Law Firm)

You're a manager who's been with the company for 17 years.

Your staff are flat out ignoring you, but you can't even say a thing...

as if they have something on you.

Mr. Park. Was Mr. Cho Tae Gu...

involved in it too?

Hey.

You always say you'll be home early but never do.

I'm sorry. I had to take care of something.

Let's go inside.

Did Ji O draw this?

Oh, it's not finished.

You don't want to see Ji O?

I don't want to wake him up.

Why is it so difficult for him? We're a family.

You brat! You always skip school and beat up your friends!

Is that how I taught you?

Don't hit me! Who are you to hit me?

You've been drinking every day ever since Dad died.

My friends spoke ill of you, so I beat them up.

Why are you hitting me?

Then you should've...

You should have told me.

You think you have it the hardest.

I'm only a burden to you!

(NTS Joongang Regional Office)

PQ Construction's deposit and withdrawal details confirm it.

They were trying to make up for the money spent on lobbying.

During the construction of Najung Building,

the building collapsed and killed four people.

Cho Tae Gu's son-in-law happened to be one of them.

That's why he continued to deny receipt of the rebate.

Admitting that his son-in-law died like that...

because of the kickback he had collected...

He just couldn't.

And I bet PQ used it to force him to give a false statement...

and drove him to suicide.

But do you think his daughter didn't know?

I mean, her bank account was used to receive the money.

If she knew, so what? If you were her, would you be able to admit it?

How did it go? Has Cho Tae Gu's daughter...

agreed to be a witness?

I'm not sure if she'll agree. This is such a messy fight.

Forget it. Is there another way?

I'm going to wage a dirty war on someone else.

There's something from Chief An's file that...

I knew it. Were you the one who stole that file?

No, I didn't steal it. I was only using it as a reference.

In any case, I'm going to use it. I'll take it up with Jang Jung Il.

You have something on Jang Jung Il?

But the Board of Audit and Inspection already combed through your office.

As they say, you can't see what's right under your nose.

"Candle in the wind," you know?

You fool, that's not what "Candle in the wind" means.

Mr. Hwang! Oh, hello.

Jaesong's executives are here.

Let's go.

Do you know what "Candle in the wind" means?

- "Candle in the wind?" - Yes.

You have something on Jang Jung Il?

But the Board of Audit and Inspection already combed through your office.

(Hwang Dong Ju, National Tax Service)

As they say, you can't see what's right under your nose.

Have you heard of public housing sites?

I heard it was like hitting the jackpot.

The Land and Housing Corporation...

puts up apartment lots for auction.

All the construction companies want to get their hands on it.

(List of Land Lots, Jaesong Construction)

(Jaesong Construction)

When Chairman Seo was around, we used dummy companies...

to bid on such public housing sites.

And the company has acquired 13 lots in total.

Mr. Seo Young Jae didn't know about this.

Chairman Seo was keeping it as a last resort.

How much are they worth?

They're collateral properties, so we cannot sell them at the moment.

But if we can just wait until the apartments go up...

We'll make over 700 billion won from selling the units.

Please just release the assets you've seized,

and we'll make this work. Okay?

I think what they're saying is,

they still have things to cash in on,

so they want us to buy them some time.

Oh, dear.

- That's not what we meant. - Then what's the alternative?

How will you manage to avoid bankruptcy until you can use these lots?

Samdo Construction has been wanting to buy the company out.

It fell through when Mr. Seo Young Jae was around...

since they wanted to replace the existing management.

But the situation has changed.

We can suspend him for dereliction of duty.

They promised to take care of the promissory note if he was suspended.

We just have to make sure this passes at the shareholders' meeting tomorrow.

Just hold off on the seizure. Please?

I assure you that we can avoid bankruptcy.

(You are requested to attend this special inspection.)

But I don't have time either.

The primary bankruptcy... It's midnight now, so...

You have 16 hours.

My misconduct investigation will begin tomorrow.

Even if they agree to suspend the CEO at the shareholders' meeting,

no one knows how the acquisition negotiation will unfold.

Please think carefully before you answer.

If we don't seize anything before the company declares bankruptcy,

I may be asked to take responsibility for the 45 billion won.

We will do our best and follow your decision.

But if Jaesong goes under,

hundreds of people will lose their livelihoods.

Please keep that in mind.

They accepted our proposition at last.

But that team manager is fierce.

He threatened us and said they'd seize the subsidiaries' shares first.

Goodness.

That guy is... How should I put this?

Because of his vain desire to always appear righteous,

he messes up at the very end.

Charming, right?

And he's easy to handle. For us, at least.

(NTS Joongang Regional Office)

(Special Inspection, Team Manager Hwang Dong Ju)

(Tax Fairness for the Love of the People)

(Hwang Dong Ju)

(Witnesses)

Sit down.

(PQ Holdings Extraordinary Shareholders' Meeting)

(PQ Holdings Extraordinary Shareholders' Meeting)

(Finance Director Ryu Yong Sin)

We will now begin a special inspection...

of Team Manager Hwang Dong Ju of Bureau Five,

in relation to the suicide of an informant.

Please do your best to ensure...

Sir, would you like to join us?

The public has lost trust in the NTS,

so I must lead the way and mend what needs fixing.

Understood, sir.

(Special Inspection Regarding Suicide of Jaesong Construction Informant)

(Affidavit of Business Closure)

(Corporation: Bangdae, Lee Hyuk Joon)

(List of Companies on Tax Bills)

Mr. In Do Hoon. If you've finished going over everything,

let me ask you this question.

A company that had apparently sold 1.7 billion won worth of materials...

shut down six months after its establishment,

leaving nothing but hundreds of tax invoices it had issued.

Then what would you suspect?

Probably a dummy company set up to issue fake tax invoices.

What if I told you...

the company that benefited from a tax reduction thanks to this...

was a high school friend of the CEO of the company in question?

Then it's highly likely that my suspicion is correct.

Then what if I told you that the accountant...

who was auditing the company didn't even notice it?

- Accountant? - You know that Mr. Hwang...

used to be an accountant, right?

And just so you know, the accountant went to high school with both of them.

- It's a very important fact. - I see.

You could say that he failed to dutifully conduct the audit,

but isn't it the NTS' responsibility to catch fake tax invoice makers?

For an investigator, we'd have to make sure he can work with integrity.

But it's not the same for accountants.

Oh, dear.

(NTS Joongang Regional Office)

You should've brought the right documents.

I can't believe you mixed them up.

Oh, sorry.

Sorry, my apologies.

The truth is, when he let the fake tax invoice scammer go,

he wasn't an accountant.

Mr. Hwang Dong Ju was working as an investigator at the time.

What did you say earlier?

"It'd be different for accountants."

"But for an investigator, we'd have to make sure he can work with integrity."

Then it means even Mr. In agrees...

that Mr. Hwang lacks integrity.

Mr. Hwang.

Now, we'll get started.

- Get started. - Yes, sir.

He came by late at night and harassed my husband.

After he left,

my husband tossed and turned all night and got no sleep.

(Play)

Stop talking nonsense.

(Witnesses)

When I first read the meeting minutes,

I couldn't help but feel that the tip-off was fake.

So I tried to dissuade Ms. Min So Jung,

but I suppose she thought it was her chance to take down Mr. In Tae Jun.

She wouldn't listen to me.

And I heard Mr. Hwang was the type...

to do anything to deliver results for the sake of his performance,

but I really didn't think he'd go on to threaten him like that.

Mr. Hwang, is there anything you'd like to say?

Is any of this untrue?

I suppose you didn't do this just to stand out.

Did you have a hand in planting the fake meeting minutes?

Were you ordered to do it?

Mr. Hwang, you're a team manager. At least try to make excuses.

What are you doing?

Since all of you want me to list some excuses,

I'll give you what you want.

Chief Cho Jin Ki. Are you ready?

(Senior Accounting Manager's Office)

- Sir, are we declaring bankruptcy? - What do you mean?

The NTS canceled the extraordinary shareholders' meeting.

What? Where are they now?

Hey! You can't do this now!

Don't you think this is too harsh?

(Extraordinary Shareholders' Meeting)

Chief Oh, does this mean you'll go ahead and seize our assets?

Just to save your own butt,

you'll rob over 200 people of their livelihoods?

Am I ready?

Yes.

Yes, try me.

You know Cho Tae Gu's wife in the video, right?

- No. - You don't know her?

I don't know her.

Well, okay.

This is...

Chief Cho Jin Ki's call history.

Among them,

0105729105...

don't you know this number?

Do I have to?

You had many calls with this number.

We call all day.

It's the faceless taxpayers that we treat all day.

What's strange about that?

This phone number...

belongs to Cho Tae Gu's wife.

And...

This is the phone of Cho Tae Gu's wife.

Inside this phone, your phone number...

is saved as Bureau One Chief Cho Jin Ki.

Let me call this number.

(Bureau One Chief Cho Jin Ki)

Your phone is ringing.

You saved her phone number too.

Why did you lie?

Yes.

The authenticity of the minutes was so suspicious...

that I secretly investigated them.

But do I have to report that to you?

Is this meeting for my investigation?

No, it's for me.

If I'm the one who forced Cho Tae Gu into a corner.

But...

can you have a look at this video?

(NTS Joongang Regional Office)

The day I met Cho Tae Gu,

you were busy deleting footages.

What's with that?

You were afraid that Cho Tae Gu...

will tell me something. That's why you deleted them, right?

Or...

are you an accomplice with me?

Hey.

You're trying to drag me into this.

Then bring in the witness.

The witness to say that I'm the one who threatened him.

A witness like Cho Tae Gu's wife!

For goodness' sake.

I'm done with my statement, so I'm leaving.

I can't stand this, man.

The witness is here.

She'll testify.

I'm...

the daughter of Cho Tae Gu.

On behalf of the parents who perjured,

I came here because I couldn't see...

any more harm done to others...

under the illusion that it was for my family.

The details of Cho Jin Ki's threats...

are here.

What are you doing?

This is my father's phone.

He said the collapse of Najung building, which killed my husband,

was caused by my father...

who received a rebate from the contractor.

You threatened my father to listen to you...

if he wanted to hide the facts from me.

How can you tell me to testify like that?

Don't you have the least sympathy?

Not all parents can be good and nice people.

There are parents in the world who are nightmares for their children.

I know it's hard to admit your parents' injustice.

Will you pass on to your son the feeling of not knowing...

whether to hate or love for the rest of his life?

Just because you've been ignoring the facts?

There may be people who want to resemble their parents,

but there are people in the world who have to go beyond them.

I knew what my father has done.

But I ignored it and now I want to get out of this misery.

I'm going to file a complaint with the prosecution,

and I'm going to report to the media.

Director.

I have no doubt that you will not forgive someone...

who has tarnished the reputation of NTS Joongang Regional Office.

Director.

Director...

Who cancels the shareholders' meeting?

You don't care if we lose all our money and go bankrupt?

Today's agenda was not the suspension of Seo Young Jae's duties, right?

What do you mean?

The purpose was to sell CEO Seo's shares...

to make this person the largest shareholder.

(Jaesong Construction)

(Share ownership distribution chart)

Ryu Yong Sin of PQ.

Why is Mr. Hwang still standing there?

The audit isn't over yet.

We audit the misconduct,

but we also evaluate the adequacy of the work.

What are you doing there? It isn't over yet!

I see, Jaesong Construction?

The fact that even after a special tax investigation that requires...

an internal search, you failed to predict its bankruptcy.

How are you going to explain this?

- I won't. - What?

I'm not explaining.

You lost 45 billion won right in front of your eyes.

What's that attitude?

I didn't lose anything. So I'm not sure how much it is.

Jaesong Construction isn't bankrupt so I have nothing to explain.

- What are you talking about? - Isn't it obvious?

I mean it's not going to work out the way some people want it to be.

Yes. Director Ryu suggested the idea.

But we were promised constant investment,

and it was a management strategy for the future.

It's not something that can be discussed from a microscopic perspective!

Too bad.

It would have been better if you said that before...

the compensation was deposited.

(100 million won)

How could he do that?

- Look at that. - Oh, my.

It's by wire transfer.

- Oh, my gosh. - How much is that?

Thanks to CEO Seo Byung Ki of Jaesong Construction...

having countless irregularities over the past few decades with PQ,

he could hold a stake in PQ Holdings, the holding company.

This is why Ryu Yong Sin, the finance director,

wanted to have Jaesong Construction.

As a stepping stone to own PQ,

five percent stake in PQ Holdings!

Aren't you going to take this for a cheap price,

and let Jaesong Construction go bankrupt?

Where does it mention...

about investing in the future of Jaesong Construction here?

- What? - Wait.

Isn't this all true?

Top management of the company...

are just thinking to enrich themselves.

Is this possible?

I suggest we proceed the temporary shareholder's meeting.

If you agree to replace the corrupt management,

we will prevent the bankruptcy of Jaesong Construction and...

help until the sale negotiations are made.

The voting rights of minority shareholders...

were handed over in advance by Park Dae Woo, the Accounting Manager.

The other staff members will vote here...

without a representative.

There are two agendas.

Canceling the agenda proposed by Ryu Yong Sin of PQ,

and us seizing the five percent stake in PQ Holdings...

that's currently held by Jaesong Construction.

If you agree, please raise your hands.

- I agree. - I agree.

Hence, I'll leave now.

I'm telling you this one more time.

Jaesong Construction won't go bankrupt.

We'll definitely collect 45 billion won in fines.

But...

if you keep bothering me like this...

I'd like to see you try.

(Ryu Yong Sin)

What are you talking about?

Why would the NTS seize a stake in Holdings?

Wait.

(Call logs)

- Director, you should see this... - Wait! Later...

You should see it now.

(An emergency press conference)

("Elvereign Fund Fraud")

(PQ Group and Sancho Bank are joint principal offenders.)

The allegations that Elvereign Fund...

siphoned off the investments by returning funds...

are true as announced.

It is also true that...

Sancho Bank, a seller, has tolerated...

the fund's poor management...

for six months.

(CEO Ryu Yong Sin)

How did you know all this?

You probably remember the murder at Sancho Bank.

It's called Elvereign.

It's our main fund.

I have so many complaints about selling this.

That's when I first got to know the name Elvereign.

(Elvereign Fund Management)

Elvereign, which I thought was on the same side as In Tae Jun,

was actually Ryu Yong Sin's company.

Elvereign, operating a fund with investment of...

more than 500 billion won...

was actually only a ghost company created by Ryu Yong Sin?

Sancho Bank may have already noticed...

that Elvereign had a problem.

It would have been the same for Deputy Chairman Heo Jong Soo.

Ryu Yong Sin...

would have offered to give him a good job at his sister company...

if he kept quiet until he took over PQ.

He would've also promised tens of billions of annual salary...

to Deputy Chairman Heo Jong Soo.

So...

are you here...

to convince me to go down...

with my husband?

It would make no sense to ask Min So Jung, the wife of Heo Jong Soo,

Deputy Chairman of Sancho Bank, to confess.

Mind your words.

But what about Vice Commissioner Min So Jung,

whom many investigators have admired?

So many bad things are connected to...

In Tae Jun and Ryu Yong Sin.

I believe that Vice Commissioner Min So Jung...

whom we looked up to...

will be able to help us in protecting the National Tax Service right here.

Here, where we all think is our home...

and so I'm here to persuade you.

(Call recordings with Park Tae Soo)

(Call recordings with Ryu Yong Sin)

This is the call logs between Ryu Yong Sin, director of PQ Group,

and Heo Jong Soo, Deputy Chairman of Sancho Bank.

(National Tax Service)

They're about Sancho Bank's loan avoidance and gold cash operations...

being a joint venture between them.

Also, the details of the recordings state that if he covers up the fact that...

there's a problem in Elvereign Fund for a few months,

he'll guarantee the CEO position of PQ Distribution.

(Cancellation announcement of the temporary general meeting of shareholders)

(Temporary general meeting of shareholders of PQ Holdings)

(Cancellation announcement of the temporary general meeting of shareholders)

This resulted in numerous victims.

I thought it would be covered up...

if the bank didn't reveal its involvement in these cases.

So this is why...

I'm revealing the truth.

From this point forward,

I promise to step down from my duties...

and be investigated faithfully.

To the public...

and my junior colleagues,

I sincerely apologize.

Ms. Min, what's your future plan?

Aren't you coveting the position, CEO of PQ Distribution?

What do you know about Elvereign Funds?

(Temporary general meeting of shareholders of PQ Holdings)

(Director of NTS Joongang Regional Office, In Tae Jun)

Let's start.

As of 8 a.m today, the NTS Joongang Regional Office...

is calling for the voluntary resignation...

of the head of the National Tax Service, Baek Seung Ryong,

who is in charge of the tax administration's alleged collusion...

with Sancho Bank...

and the intentional bankruptcy of Jaesong Construction...

related with the Vice Commissioner, Min So Jung of Bureau Five.

Baek Seung Ryong, who ignored corruption and bribery...

even after witnessing it, is not qualified...

to reform the National Tax Service.

Long time no see, Ryu Yong Sin.

Are you thinking about something else?

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