-What is the situation?
– We’re going in the exact opposite direction from what the media is saying.
– There is a high possibility that it will explode soon.
– It’s an opportunity to make money.
– Put options? Investment clients won’t be upset, right? Before it blows up, should you give it up first as a premium?
– I think it would be nice to have more trustworthy customers.
– Don’t overdo it. And thanks for the information.
Manager Kang Young-min is in charge of Primus Lime’s asset management.
He had a close relationship with Chairman Choi Kyung-hoon and was assuming the role of monitoring the president, Yoo Ji-hoon.
Today was the memorial day for my parents who were killed by Jo Young-hwan.
“Hmm…”
Youngmin Kang made a strange expression as he hung up the phone with Michael Lewis, a friend who studied abroad with him.
On the computer screen was news about the Bubble Seven region, which was hitting record highs every day.
Although there were voices of concern, people were borrowing money to buy apartments like a runaway locomotive that would not stop.
The IT bubble burst in the United States, and interest rates were lowered and money was released to revive the dead economy.
People started buying real estate.
Due to the incredible performance, employees of banks and investment companies had money left over even though they threw thousands of dollars’ worth of parties every day, but in reality, this was not the case.
This is because quite a few houses had overdue bills in their mailboxes.
This was something that could not be known without examining the scene.
– Ding dong.
‘this time? what?’
Kang Young-min, who was looking at the pitch-black night streets of the city while holding a glass of whiskey in one hand, approached the front door with eyes full of wariness.
“··· who are you?”
“it’s me. “Park Kyo-jin.”
Kang Young-min let out a short sigh and opened the front door, and Park Kyo-jin came in, holding a white flower pot and whiskey in his hand.
Park Kyo-jin.
Choi Hye-na’s maternal uncle and Choi Gyeong-hoon’s assistant.
He was laundering his identity to avoid Cho Young-hwan’s eyes, and was with Chairman Choi almost 365 days a year.
“What about the Chairman?”
“You know. “They always send it to me.”
“It’s a dangerous time. Wouldn’t it be nice to be next to you?”
“··· Don’t you accept it?”
Park Kyo-jin handed over a bouquet of flowers and whiskey, and Kang Young-min placed them on his parents’ small memorial table.
After a while, Park Kyo-jin bowed to the ancestral rite table of Kang Young-min’s parents and sat down on the sofa.
“Has it been a year?”
“I guess so. Because it comes every time there is a memorial service. Chairman, are you healthy?”
“Well, not yet.”
“How much do you have left?”
“3 years. But not everything the doctor says is right.”
“That’s right. “Have you seen your nephew?”
“huh. When he was born, the chairman asked me to be next to him, so we watched it together. “Hyena looks a lot like that guy, so she’s already pretty.”
“Congratulations. whiskey?”
When Park Kyo-jin nodded, Kang Young-min brought another glass and filled it with ice and whiskey.
The two lightly clinked their glasses.
“Chairman, I wish the time was a little longer.”
“why? “What’s not working?”
“Money is being raised more than we could imagine. “If we’re not careful, we might end up in trouble.”
“Hmm…”
“That friend named Kim Cheol-soo. Are you on our side, or on that old man Young-hwan Jo’s side?”
“Why are you asking something so obvious? “He’s my nephew’s husband.”
“I want to go and argue. “Why did it become such a hit at this exact time?”
“Have a drink, man. “Are you really not going to get married?”
“In a situation where you don’t know when you will die, your family is in ruins.”
Park Kyo-jin answered like that and drank the remaining alcohol in one go.
“If that old man Young-Hwan Jo dies, well, I’ll go and think about it then.”
“Like that.”
Kang Young-min swirled the whiskey glass in his hand and opened his mouth.
“What about President Yoo Ji-hoon?”
“The movements are strange these days. “As the amount grows, I feel a bit of fear.”
“I guess so. “If I’m not careful, I might end up dying in prison.”
Youngmin Kang recalled a conversation he had with Michael Lewis.
“The chairman has no financial resources to defend his management rights. Kim Cheol-soo, can you give me your leg?”
“why?”
“You’re the owner of Africa?”
“Don’t drag me in for no reason. Even if the Chairman loses this war, Somi must be safe.”
“Hey, I guess it’s really safe? Do you know what’s safest? “I’m sending that old man to the grave.”
“···.”
“I have a good case, but I need someone who will trust me and entrust me with a lot of money.”
——————
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“He doesn’t have any money.”
“You can sell your shares in Africa. “It’s very hot in the over-the-counter market these days.”
Kang Young-min gave a difficult explanation for a moment, and Park Kyo-jin shook his head.
“I don’t know what you’re talking about.”
“You don’t need to know because you only have to protect the chairman. Let go of your legs. “You said we’re close?”
**
February month.
A new building in Seocho-dong.
It was a 46-story building, one floor taller than the Hanyoung Corporation building.
Three floors were leased, and interior construction was in full swing on the 44th and 45th floors.
And a huge sign hung vertically on the side of the building.
– Korean-English Mercury.
Kim Cheol-soo, who took a moment to check the interior construction status, looked down through the panoramic window of the president’s office on the 46th floor.
Even though he had not been officially appointed yet, everyone knew who the president of Hanyoung Mercury would be.
– Tiririring.
Hearing the familiar ringtone, Kim Cheol-soo took out his cell phone from his pocket.
It was an international call.
– Does it look spacious? I see you answer the phone right away.
– Are you calling to check on whether I’m working or not?
Larry’s mocking laughter came through the receiver.
– I’d like to send an engineer there.
– who?
– My name is Jeff Dean. I’m a level 11 engineer.
– Jeff Dean? Level 11?
– Uh, he joined our company as the 25th employee. He has a PhD in artificial intelligence and is a great programmer.
– Is it a watchdog role?
At those words, Larry burst out laughing.
– This friend was supposed to participate as the main programmer for half of the projects we were working on.
Kim Cheol-soo looked down the window with eyes full of curiosity.
– however?
– This time, many projects were canceled due to the huge amount of investment invested on your part. I barely convinced him to quit because he was so angry. If you go to Hanyoung Mercury, you can work to your heart’s content.
– hmm···.
– And you, why don’t you study? Charles: This is the first time I’ve found out that you don’t know much about IT.
– Hmm… Does that person really need to get it?
– Oh, you don’t have a choice. I will send it to you in dispatch form until the IPO is released. That friend is a key member of our company. Damn it, it’s level 11!
– hey. The term level is not used here. What on earth does level 11 mean?
Larry’s sigh was heard over the phone.
– Our company divides the levels of programmers into levels 1 to 10.
Kim Cheol-su saw his reflection in the window.
-··· Does this mean that you can’t gauge your skills in that area as well?
– You have quick understanding. He’s a friend with a unique side, so help him get used to it.
– Are you really here to work to your heart’s content?
– ··· I also said that there are many slim beauties in Korea.
Kim Cheol-soo laughed lightly.
– Well, we’ll be together for a long time now. It’s a difficult request, but I must listen to it.
– ··· This is absurd.
at that time.
I heard the sound of someone walking this way in the hallway, and Kim Cheol-soo opened his mouth.
– I’ll contact you later.
– Hey, Chal…
Kim Cheol-soo hung up the phone, walked towards the door, and opened it at the sound of a knock.
He was a man in his 40s wearing glasses and a nice suit.
He stood in front of the door and stared at Kim Cheol-soo for a long time, and Kim Cheol-soo smiled and held out his hand.
“This is Kim Cheol-soo.”
“It looks stronger than I thought. “This is Youngmin Kang.”
“I heard briefly what Manager Park Gyo-jin said.”
“That guy cared for President Kim Cheol-soo more than I thought.”
“Please come in.”
Kang Young-min, who came in under the guidance of Kim Cheol-soo, took a quick look around.
“I am engaged in asset management at Primus Lime, but it is only at Chairman Choi’s request.”
“I already heard it and know it well. and···.”
Before he knew it, Kang Young-min was standing in front of the panoramic window and looking out, just like Kim Cheol-soo a moment ago.
“And that we are facing the same enemy.”
“Did you get married without knowing?”
“I found out after I got married.”
“The chairman too… “Do you have any regrets?”
Kim Cheol-soo shook his head.
“Even if I had known, I wouldn’t have avoided getting married.”
“That’s a strange way of speaking.”
“Why did you want to meet me?”
Youngmin Kang answered with a faint smile.
“There are good investments. Would you like to make an investment?”
“Is that investment necessary to deal with the enemy?”
“It’s a hedging dimension.”
It was meant to be a kind of safety device to avoid the risk of price fluctuations that may occur in the future.
It also means that it is a card that can be used against Jo Young-hwan when the worst situation arises.
– He is a very capable person. Getting to know them will really help you a lot.
Kim Cheol-su, who remembered Park Kyo-jin’s words, nodded.
“Let’s take a listen.”
Kang Young-min turned his head and looked at Kim Cheol-soo.
In the world, he is probably just a handsome and talented man who is good at singing.
How much does this person really know and understand about what goes on in the world?
“The American housing market will collapse.”
Kang Young-min sighed inwardly as he saw Kim Cheol-soo looking at him without any significant change in expression.
‘Of course it is. There’s no way you could even see something like that. ‘It’ll take a long time to convince you.’
However, at his subsequent answer, Kang Young-min’s thoughts stopped for a moment.
“When will it collapse?”
Usually, the response is that it doesn’t make sense or that it’s nonsense.
Or, in most cases, they don’t understand and make a blank or suspicious expression.
But, you ask ‘when’ with an expressionless expression?
It was a question that could not have been asked if the collapse had not been predicted to some extent.
Youngmin Kang had no choice but to tilt his head.
You thief! call
There was an event that changed many things in the world.
General trading companies were in turmoil as many companies and countries went bankrupt in the aftermath.
Kim Cheol-soo also had a very difficult time as he had to pay dues due to a company in a bankrupt country that declared a moratorium, and had to deal with cargo that had lost its way in the air.
A general trading company that is quick on information also could not have predicted that a financial crisis would break out.
But it was surprising that there was someone in Korea who could predict that.
“The U.S. collateral system is a territorial system, unlike Korea’s personal system. If you just dispose of the collateral, the debt disappears. “All you have to do is lose the house you owed a lot of debt on, and even if you have leftover loan money, you don’t have to repay it.”
“So, this means that it is not a crisis of individuals, but a crisis of the banks or investment companies that lent money.”
“Yes. Individuals only have to lose their houses, but they suffer losses. They also overproduced CDOs (collateralized debt securities) and even used magic tricks to transform trash bonds into A+ bonds. “If it turns out that the financial products they were selling are trash, it will be quite a shock.”
Kim Cheol-soo looked at Kang Young-min with eyes that did not change his expression.
“Isn’t investing in such a situation too risky?”
“True investing is largely independent of circumstances. When the IMF exploded, not everyone was ruined. It was also a time when many rich people were born. “Real investment depends on how well you utilize information that only you know and no one else knows.”
If someone who had not experienced the future had heard this, they would have dismissed it as just a story about fraudsters.
The United States was continuing its unprecedented housing market, and in the aftermath, housing prices in Korea were soaring like crazy.
“It would be quite an adventure if I heard that side of the story.”
Kang Young-min also did not deny it.
Incidents rarely occurred as predicted.
When I think about it, I wonder how many people would believe such a story as soon as they meet each other.
In a situation like now.
‘That’s stupid.’
Youngmin Kang smiled bitterly.
When asked when it would explode, I spit out everything I knew without even realizing it.
“Yes, that’s right. “I would say it’s an adventurous investment.”
“Are there others who are investing?”
Youngmin Kang shook his head.
“doesn’t exist. but. As I said before, it is only a hedge for the future. In fact, it might be a better suggestion for President Kim Cheol-soo not to join hands with me.”
“Why is that so?”
“There’s no need to go into a full-blown war with scary people. Just keep winning and live happily like you are now….”
Kang Young-min was about to say that happiness would only be guaranteed if Jo Young-hwan disappeared, but Kang Young-min closed his mouth.
Kim Cheol-soo looked at Kang Young-min with his mouth shut and then smiled.
“I guess the story behind it is about a person named Jo Young-hwan.”
“……”
“I’ve only met him once. He had a look in his eyes that couldn’t be seen in ordinary people. “It looked like a wild beast.”
“That’s right. “It’s the look in the eyes of someone who has killed someone.”
Kim Cheol-soo saw Kang Young-min’s face suddenly stiffen and turned his gaze out the window.
“How do you make money?”
Youngmin Kang took a moment to catch his breath and answered.
“We will create a CDS.”
“CDS?”
“Credit Default Swap. It is a derivative financial product created to buy and sell the risk of bankruptcy of a company or country itself. It was originally a corporate insurance product. Instead of paying a fee to the other party, one party to the transaction is designed to receive compensation from the other party if a particular company or country goes bankrupt or defaults on its debt. “But now hedge funds that don’t even own shares sometimes use it.”
“The fee must be significant.”
“But when a credit incident occurs, the profit is hundreds of times the amount invested.”
It was speculation rather than investment.
Kang Young-min felt frustrated as he saw Kim Cheol-soo still looking at him with an expressionless face.
‘What on earth are you thinking? ‘I have no idea.’
“We will sign a CDS contract for 1 year and 6 months.”
“Has the company been decided?”
“yes. “These are American mortgage loan companies.”
“How much funding do you need?”
“The more you have, the more compensation you can demand.”
“If nothing happens, there will be more damage.”
“That’s the way it is. But it’s just the right time. Even talking about the housing market collapsing during this boom is itself a laughing matter in this world. When I sign a CDS contract, everyone will call me an idiot. Therefore, you will be able to easily conclude a contract without raising any suspicion.”
Kim Cheol-soo thought he had talked enough with Kang Young-min.
“I have no intention of selling my shares in Afreeca TV.”
Kang Young-min immediately looked disappointed, and Kim Cheol-soo recalled the 1.5% Android stake he had purchased for about 300 million won.
I also thought of Larry, who had a greedy look in his eyes while talking about that share from time to time.
“But, let’s try to raise funds.”
fantasy, modern,
