The Chaebeol’s Youngest Son Chapter 37

[037]Let’s not be greedy 1.

New York’s Miracle Investment established a Korean investment company 100% invested, and Oh Se-hyun took office as CEO of both corporations in the United States and Korea.

Now, the relationship between me, the majority shareholder, and Oh Se-hyeon, a professional manager, has become delicate. His attitude toward me didn’t seem to have changed much, but he stopped objecting immediately after hearing my opinions.

I listened more carefully, and when I expressed a contrary opinion, it was always a valid opinion based on data.

In particular, when I told him that I would sell all of my Dell Computer stock, he was not excited and started by showing me a graph of the stock price trend.

“Last week the stock price was $47. It has never been dropped since listing, and is truly a diamond level. “If it goes over $60, why don’t we review it again?”

“Do you think there are no bubbles?”

“Of course there is. But bubbles are also a component of stock prices. The reason I say $60 is when the bubble bursts is when it hits 60. This is the stage where people suspect a bubble. “It’s not too late to exit then.”

He has a keen eye for analyzing stock prices.

Since I was far from investing in stocks, I had no way of knowing about bubbles or anything. As I am interested in Michael Dell as a person, I only know the stock price of Dell Computer very well.

This is why we know well that the stock price, which soared to $49, plummeted to $10, rose again to $60, and continued to remain at that level.

However, Oh Se-hyun predicted a figure of $60. He is an amazing person.

“uncle. We made more than a hundred times the profit, but wouldn’t this be enough? “There is no reason to be more greedy.”

“As you said, if you don’t want to be greedy, you can sell your Dell computer and invest in a stable place. Coca-Cola, Heinz, etc. is not it?”

“It’s so stable. This is not the job of an investment company. “It has to be done individually.”

He is now an uncle who has good balance. He sighs and takes a step back.

“You said Japan, right? “Is it there where you looked?”

“Could you please look into it? “Is there a good place?”

I also wanted to see where Oh Se-hyun found herself before speaking with my own mouth. Maybe you’ll find a better company than me.

“Then I’ll come up with a list and we can discuss it again. “If there’s no place better than America, you’ll change your mind, right?”

“Of course. “It is fundamental to invest in the best place.”

I also pretended to take a step back. Since he is a necessary person, shouldn’t he be treated like this?

* * *

“Grandpa, may you live longer and healthier.”

“done. What is the big temple… . I think I’ve become a bit more mature. What do you think? “Did you learn a lot?”

Chairman Jin, who refused to bow to Jin Young-jun, who returned from Germany after several years, did not withdraw his harsh gaze.

Jinyoung-Jun Jin’s life was thoroughly confirmed through the governor’s report posted every week. Although he occasionally drank to the point of intoxication, he never had any serious accidents.

“There was no need to go to Germany. grandfather.”

“what?”

Chairman Jin’s eyebrows twitched, but Jin Young-jun did not lose his confidence.

“We can’t sell electronic products because we don’t have them. So much so that production can’t keep up. European distributors are putting in advance payments and waiting. But since it was all thanks to my grandfather, I thought it would be faster to learn directly from him.”

“That’s thanks to me?”

“Not only Eastern Europe but also Western Europe is going crazy because they are distributing the product from the air at a low price by removing all the convenient features and adding only the essential features. “Isn’t this all grandpa’s strategy?”

Jin Young-jun sat down next to Chairman Jin and bowed his head.

“I learned a lot. thank you grandfather.”

“I think my head has cleared a bit since I stayed away from women.”

“I didn’t even drink. “All I do is drink a little wine occasionally.”

Jinyoungjun was relieved to see a faint smile on his grandfather’s lips. To this extent, he seemed to have changed his grandfather’s distrust of him a little.

Now I wanted to end my exile. In Korea, the business card of being the eldest grandson of Sunyang Group has omnipotent power, but in Germany, it has no power.

You may not be familiar with the name Sunyang, but even if you do, that’s all. It was all that was common in the Korean community.

I wanted to live like a prince in this land as soon as possible.

But the words that came out of my grandfather’s mouth completely dashed those expectations.

“okay. All the branch managers praised me for staying disciplined. Just keep working as hard as you do now until you turn 30. Then come back and sit in an important position.”

I wanted to jump up and scream that I had done too much, but I was able to smile brightly thanks to the patience I learned in Europe.

“yes. grandfather. I will do my best. Please watch.”

Jin Young-jun finished greeting the New Year like this and returned home. He didn’t forget to spit once in front of his grandfather’s house.

“I’m stuck in Europe until I’m 30.”

“so? “Aren’t you upset by any chance?”

“Oh my, father. I am no longer immature either. “I said I would work hard and came out.”

“Good job.”

Vice Chairman Jinyoung-ki tapped his son’s shoulder once. Then he looked around at his children sitting on the living room sofa and said,

“You are adults now, so keep what I say. Grandpa will definitely be watching your every move. “If you hear even the slightest unsavory rumor, it will ignite not only you, but also other people.”

Hye-kyung, the eldest daughter, and Gyeong-jun, the youngest, had sad expressions.

There is no reason for him, who is far behind in the inheritance list anyway, to be in the eyes of his grandfather. I fully understand that what his father is saying now is to not cause accidents for the sake of Jin Young-jun, the eldest son of this family. Because, like my father said, I am an adult.

“Hye-kyung, when you graduate from college next month, I will introduce you to a good guy, so hurry up and get married. And when I went to study abroad… .”

“dad! Who gets married as soon as they graduate these days? A few more years later… .”

“Listen to me until the end!”

Jinyoung-gi’s shouting made the two children’s mouths pout.

“The only thing you did was to claim your grandfather’s blood. Thanks to that, I can enjoy everything I want to do and have. “If your grandfather abandons you, you won’t be able to enjoy even half of what you live now.”

“Father, why did you suddenly say that… .”

“Don’t you know that grandpa has changed since last year? As people get older, their thoughts change. Old parents think that when they want something to eat, they think of their eldest son, and when they want something to eat, they want to give it to their youngest child. “Now the grandfather’s affection is focused on your youngest uncle and Dojun’s family.”

Everyone can guess the atmosphere to some extent. There was even a story that Chairman Jin watched a movie made by his youngest uncle while he was busy.

“Think about your grandfather’s age. How long will you live? Until then, don’t get into trouble and visit your grandfather often. Once Sunyang Group is in the hands of this father, you can live as you wish. Do you understand?”

“What does marriage have to do with not causing accidents and staying quiet?”

When Hye-kyung got angry and shouted, Jinyoung-gi shouted in frustration.

“Is there anyone in our family who got married for love? Look at Uncle Yoongi! I lived like an abandoned child for over ten years. That’s the price of the marriage you want. If you want to get married the way you want, pack your bags and get out right now!”

Jin Hye-kyung became mute because of her father’s yelling.

Jinyoung-gi calmed down when he noticed that all his children lowered their heads.

He was so anxious these days that he couldn’t even sleep.

This is because his father, Chairman Jin, changed his mind after the acquisition of Ajin Motors ended in failure last year. He often carried out major group issues without his knowledge, and he had to get the chairman’s approval for the final issues of affiliates that he was handling.

Rumors began to spread within the group that the succession structure would change, and presidents of affiliates increasingly bypassed themselves and reported directly to the chairman.

It is clear that my father has changed. I can vaguely guess the reason.

A nephew who was never on guard, or even had a weak existence, is shaking the whole family.

Jinyoung-ki had already decided that if he could not become the owner of Sunyang Group because of his children, it would be better to abandon them.

* * *

“I found a hidden gem, and it’s not easy.”

There was only one company on the list presented by Oh Se-hyun.

“Last year’s sales were 100 billion yen, or close to 800 billion in our money.”

“Then isn’t it already a fully grown goose?”

“This company has the same roots as the IT industry. As the IT industry grows, this company also grows. “It will only get bigger in the future.”

In 1992, Windows 3.1 released by Microsoft conquered the Japanese computer industry. Additionally, software such as MS Office also sold like crazy. The size of Japan’s software market is approximately 20 times that of Korea. Although the population is only slightly more than double, awareness of copyright is clear. Softbank, which had exclusive distribution rights to Microsoft, quickly grew into a large corporation.

He didn’t say, ‘Actually, I was thinking about Softbank when I said that.’ It’s consistent with my thoughts, so there’s no need to mention it.

Isn’t it the virtue of a true master to shoulder the burden and give credit to subordinates?

“What does it mean to be tough?”

“You might think that since the company is on track, there is no need to receive investment. The founder of this company… . Oh, by the way, this person is a third generation Korean-Japanese.”

“I know. It was in the newspaper once. In a special article on successful Koreans. “They say I’m a bit of a weirdo.”

“okay? Anyway, as it became a success story in Japan, many investors flocked to it. But they said they had nothing to regret, so they turned it all down.”

“It’s the same case with Dell computers.”

To a house that works like this, visitors bring money with them, and to a house that doesn’t work, everyone who comes to the house is asked to give up the money they borrowed.

“no. This one is much more high-profile. “The president is so confident.”

“Are you planning on going public?”

I don’t know the exact time because I only saw it in bits and pieces of articles on the Internet. However, I clearly remember that when it was listed, it easily exceeded 100 times.

“Well, you didn’t say anything like that?”

“Then there is still a chance.”

“The problem is persuasion… “I don’t think it’s possible.”

People who have failed to invest so far are different from me. This is because they cannot even imagine that the stock price of a software distributor will skyrocket no matter how successful it is.

If you know this, you can invest as much as you want.

“uncle.”

“huh.”

“My grandfather once said this. Everything in the world has a price. However, everyone’s idea of ​​price is different.”

“Well, that doesn’t sound like a big deal, does it? “They say they’ll even sell that common water.”

The first time bottled water was officially sold in Korea was during the 1988 Seoul Olympics. At the time, the government allowed the sale of bottled water to foreign athletes during the Olympics, but banned it after the Olympics.

The government was concerned that the sale of bottled water would create a sense of disharmony among the public, as those with money would buy bottled water and those without money would drink tap water, and did not allow the sale of bottled water, saying it would cause problems such as depletion of groundwater and environmental pollution.

However, bottled water companies have persistently demanded permission to sell bottled water and have currently filed a lawsuit with the Constitutional Court.

“That’s right. Softbank’s stock is also a product. I will definitely sell it. “As long as you give me a lot of money.”

At my words, Oh Se-hyun began to look at me with eyes full of curiosity.

“Then how much do you think you can give?”

“What do you think, uncle?”

He thought for a moment and held out his palm.

“Five times. “At this level, we will be able to make a profit of about 30% from the initial momentum after listing.”

“I don’t think they would be interested in five times as much?”

“So I’m saying it’s impossible. There are probably many investors who offered up to five times the amount. If you think about it conversely, it also means that anything more than this is not worth investing in.”

“Then the CEO of Softbank might sell it for five times more? Because everyone thinks that way?”

Oh Se-hyeon smiled at my words.

“Maybe so. “How many times do you think?”

“Let’s ask Softbank’s president at what multiple to sell. Offering to do whatever you want. “I want to see how weird the boss is.”

Don’t be too greedy. Let’s just eat twice as much.

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fantasy, modern,