The Chaebeol’s Youngest Son Chapter 198

[198]Never Forget. 2

I checked it several times, but it was hard to believe.

“One, ten, one hundred, one thousand, ten thousand, one hundred thousand…” … .”

I counted each digit one by one, but I was not mistaken.

I sat down on the chair and waited until my pounding heart subsided.

I guessed that there would definitely be a crash during the day and that big profits would be made through put options.

The numbers currently visible on the monitor were not different from what was expected. The only thing that is wrong is the rate of return.

Returns beyond imagination and prediction.

Before checking the status, I reconnected to the Japanese stock status.

I checked again the tightly written numbers and the comma between them. A number bigger than our country’s stock market.

Although I literally made a lot of money, I feel uneasy.

If I make a lot of money in the stock market, it means that someone else lost a lot of money.

I calmed down and checked what had happened today.

The opening time was delayed by 3 hours in the aftermath of the September 11 terrorist attacks, but the comprehensive stock index plunged 12%, the number of stocks with the lowest price reached 621, and the KOSPI 200 index also fell 7.96 points.

KOSDAQ also plunged 11.59%. Considering that the current price fluctuation limit is 12%, this means that all stocks have reached their lowest price.

Due to this plunge in the stock prices of the two major markets, a total of 27.7 trillion won in market capitalization was lost, including 23.4 trillion won in the exchange and 4.3 trillion won in the KOSDAQ market in just one day.

Today, the cries of frustrated investors seemed to be heard everywhere.

However, the place where the loudest cries rang out all day were none other than the securities firms. It was clear that, unlike individuals, securities firms that had been making profits through sell positions suffered huge losses through put options.

The exception is Sunyang Securities, where I blocked trading.

The CEO of Sunyang Securities must be heartbroken right now and thinking about how to express his gratitude to me.

And today is not the end. It starts now.

There were a very small number of people who made a lot of money today through put options, and as the stock market was expected to crash tomorrow, investors started buying put options. It was a huge number of cases, exceeding 210,000 in one day on the 12th.

However, as always, people who take the last train or the car behind are on the wrong side.

Over the next two or three days, there will be a lot of people crying after losing a lot of money.

Gambling is not for everyone.

* * *

When the U.S. stock market reopened after being closed for four days, I called Rachel in New York.

I didn’t say a word about investment because I believed they would respond well. What if I make a mistake? Aren’t we all out of our minds?

The United States was no different. No, as it was a party, it suffered the greatest blow.

After giving her my sincere condolences, I revealed the purpose of my call.

“Rachel, take $100 million out of my account there and donate it. “In the name of New York Miracle Investment.”

– what? $100 million?

“yes. You have enough money. It would be nice to do relief work and donate to the memorial project. “Rachel decides where to donate.”

Money can’t undo tragedy, but it can help heal. Although it was selfish, it was also a way to relieve some of the burden on my heart.

Since 2001 was after the collapse of the IT boom, interest rate cuts had continued even before then, but in order to alleviate the shock of the September 11 incident, Greenspan of the U.S. Federal Reserve lowered interest rates even more quickly.

In the end, the continuous interest rate cut dropped the base interest rate from 6.5% to 1.75% in one year and further decreased it, completely solidifying it in the 1% range.

Low interest rates revitalized the stock market again, and the plunged market slowly regained its original position.

This brought about two big changes.

The first is that the attitude of people towards me within Miracle has completely changed. Even though Oh Se-hyun was clearly the CEO, he was treated as if he were an honorary chairman, and Oh Se-hyun also rarely gave work orders.

Instead, I started getting busy.

When I was in the office, employees frequently flocked to me, and when I was outside, my cell phone was on fire.

“Why don’t you do it? Are you going to leave your hands like this?”

“why? “Is it a waste to pay me the CEO’s salary?”

“It’s because it’s suspicious.”

“What’s suspicious?”

“Aren’t you already preparing for retirement?”

“Hey. Preparations for retirement have already begun. “It’s just about timing.”

“Uncle, aren’t you only in your mid-fifties now? Other people are upset because they can’t work… .”

“That’s other people! I’m different. “I saved a lot of money thanks to someone, but it’s unfair to work until I’m old.”

“You are still young to retire.”

“There’s too much money to work for. “Hehe.”

Seeing him giggling and laughing, it seemed like he had made up his mind to some extent.

In fact, Miracle has no problem even without Oh Se-hyun. The most important thing that Oh Se-hyun has done so far is the management of HW Group.

The fact that I haven’t officially announced my retirement yet probably means that I’m coordinating when I will take over this job.

I just hope that happens as late as possible.

The second change began on October 7th.

The United States, which declared war on terrorism, began a war named ‘Operation Enduring Freedom’.

A large-scale air strike was launched on major military bases and large cities, including Kabul, the capital of Pakistan, and Afghanistan’s air defense network, communication network, and air force were destroyed in just one day.

It was the first war of the 21st century and began the longest war in American history.

Media around the world poured out articles announcing the start of this war, and Korea did the same.

But what followed the front page war stories was the problem.

“A month after the collapse of the Twin Towers of the World Trade Center in New York, is Sunyang Securities the winner?”

“When all securities companies were suffering from huge losses, only Sunyang Securities was riding high. Stock prices skyrocket.”

“The young leader of Sunyang Financial Group has his abilities tested.”

“The third generation beat the second generation, proving that Chairman Jin Yang-cheol’s choice was right.”

Once again, my photo was plastered all over the media.

It makes you wonder how people who become stars overnight endure such drastic changes.

Requests for interviews continued to pour in, and reporters began flocking to the company lobby. I couldn’t move as reporters lurking in the underground parking lot appeared.

“Chief. “How about we do an interview?”

Vice President Jang Do-hyung subtly urged.

“Vice President. Among the reporters out there, is there one who is well versed in economic terminology? “It’s all an attempt to make money by arousing readers’ curiosity.”

“Who doesn’t know? However, Sunyang Securities is now the driving force. It is raising the stock prices of not only financial companies but also other affiliates. “Wouldn’t it be good to strike a final blow at this time?”

“Will the stock price rise if I give an interview?”

“It goes up. The PR office has already thought of a headline for the article. “Korea’s George Soros, a myth of the twenties.”

Damn, my chicken flesh is growing out.

“Customers who use our securities firm are still flocking to us. It’s no surprise that once this article is published, the number will increase several times. “This year, we will have the best management performance.”

I couldn’t refuse after hearing that it would be of great help to stock prices and sales.

“All right. “Let’s do that.”

Vice President Jang Do-hyung held out a piece of paper as if he had been waiting.

“This is the interview schedule. A daily newspaper, a business magazine, a weekly magazine and a monthly magazine. “We only selected four places.”

“yes? “Four places?”

Looking at the schedule, I saw that the monthly magazine was not about current events or economics, but was something you would find at a hair salon.

“What is this? Why is the ajumma magazine here… ?”

“The public relations office put it in that it had to be done. It turned out to be an important magazine. “I was surprised too.”

Jang Do-hyeong shrugged his shoulders as if he was surprised.

“This is a magazine that rich ladies in Gangnam always read. They say they are the type of person who usually buries hundreds of millions to several billions of money in stocks, so if a good interview article comes out, they will all switch to Sunyang Securities… .”

A once looked down upon women’s magazine has such tremendous power! I was surprised again.

“All right. “I guess I’ll have to do it well.”

As soon as permission was given, public relations team members arrived. They made a fuss about having to take pictures to distribute to interview media outlets.

“for a moment. Are you going to take pictures here?”

“yes. “I will use the office as the background.”

“Then let’s dress up here. “What we do, we have to do it right.”

I immediately contacted the department store.

The interior design experts and coordinators sent by my aunt decorated the office into two parts, one with a concept suitable for a central and economic magazine and the other with a concept suitable for a women’s magazine, and each was coordinated with a suit suitable for each.

The hard work was worth it.

When I saw the final result, a photo, I realized once again how important a professional touch is. With all the photos laid out, it’s almost like a photo book.

As expected, there were back-to-back interviews.

Even the economic magazine asked questions that were merely personal questions to reveal my personal side, and out of the four interviews, there was only one question that was useful.

“After the 9/11 terrorist attacks, if you look closely at the movements of Sunyang Securities, there was something strange.”

“what is that?”

“It means no action was taken. It was just business as usual, as if nothing had happened. As stock prices plummeted, I mainly purchased blue chip stocks. Thanks to that, we made a huge profit.”

This question was asked by a reporter from the JoongAng Daily, not a reporter from an economic magazine.

“You saw it correctly.”

“How can that be? “If stock prices had plummeted endlessly, we would have suffered huge, irreversible losses.”

“It was possible because I gave up excessive greed.”

“yes? Give up your greed? So does that mean other securities companies were greedy?”

“In the first place, big money comes and goes in a volatile market. Of course, the desire for ‘performance’ comes first. At Sunyang Securities, we have given up that greed. “Because it was such a big incident, we focused on protecting our customers’ money.”

The company’s intention to protect its customers’ money will win the trust of those who are most afraid of losing principal.

“We never forget that the customer is the owner of the money under any circumstances.”

Do you think this is enough lip service?

* * *

Sunyang Electronics’ sales, which exceeded 20 trillion won in 1998, rapidly increased to 34 trillion won in 2000, just two years later, but fell to 32 trillion won this year when the IT bubble burst.

Operating profit decreased to 2 trillion won, less than 30% of last year’s 7 trillion won, but still boasted the prestige of being the best company in Korea.

No matter how good my financial group’s performance is, it is nowhere near Vice Chairman Jin Young-ki’s.

Because of the 9/11 terrorist attacks, my personal wealth once again took a huge hit, but money is not direct firepower, but only an auxiliary means.

It was necessary to shake up the affiliates and force them to release their core assets, but Sunyang Electronics showed an unyielding spirit.

It would be foolish to attack that Cheolongseong Fortress directly.

You must shake the king sitting on the precarious chair in the castle and make him fall.

And the role of shaking the chair should not be played by me, but by Vice Chairman Jin Jin-gi, the king’s younger brother.

As the year came to an end, all sorts of thoughts swirled through my mind.

In a week, the new year will dawn.

There are elections for local government heads and the World Cup where the shouts of ‘Republic of Korea’ will shake the country. And the 16th presidential election will also be held.

All three are very important to me.

The only big task for 2002 was that I had to enter the core management of HW Group.

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fantasy, modern,