[078]A gloomy new year for some 1
“In order to save money, you need to know that every penny is precious. And by any chance? Will someone like Jerry Yang from Yahoo appear?”
It looks like quite a few venture companies are knocking on Miracle’s door. The uncle’s true feelings were also revealed, as he hoped that the American IT boom would be replicated in Korea.
“Then, just invest a little bit in what your uncle likes. “I guess I can at least earn money for side dishes, right?”
Let’s just wait and see, no profitable company has yet emerged. The founding members are probably gathered in a warehouse or something, eating cup ramen and working hard on development.
Of the things I remember, the only ones that have appeared now are Nexon’s Kingdom of the Winds, which began service last year, and NCSoft’s Lineage, which began service this spring.
If you don’t jump on the venture craze and get out of business in a short period of time, investing in other companies will only be a waste of money. What should I do?
“Dojun. “Don’t be mistaken.”
“yes?”
“Do you think you have become the chairman of a conglomerate because you meet powerful figures in the government and handle billions of dollars, trillions of won?”
“uncle.”
“Close your mouth and listen.”
This is the first time I have seen Oh Se-hyun like this in 10 years.
His stern expression and eyes glaring at me were full of contempt.
“Your grandfather, Chairman Jin, will directly manage only the trillion-dollar business. He eats with those in power and receives hundreds of billions of dollars worth of benefits. “That’s what chaebol presidents do.”
This is also what I am doing now. But why are you so angry?
“But they have tens of thousands of laborers who earn money for side dishes. “With the money that those workers earned, we acquired a steel mill and built a factory in China.”
Ah, I thought I knew what you were trying to say.
“Without servants, there is no owner, and without tenant farmers, there is no landlord. Without the people, there is no king. But what about you? There are no servants, no peasants, no people. It’s all about having some money. “But are you already imitating the chairman of a chaebol?”
Even if it wasn’t to tell me to shut up, I had nothing to say.
I never thought that I, who was a laborer, would end up imitating a chaebol after 10 years. Even if it wasn’t for Oh Se-hyun’s harsh words, I wanted to punish myself.
I never thought I would be embarrassed by such arrogance.
“Side dish price? You could make billions or tens of billions. “Is that the price of a side dish?”
“sorry. “I was short-thinking.”
Oh Se-hyeon seemed rather embarrassed by my quick apology, but quickly calmed down his expression.
“It’s good that you understand the language quickly. “I wish I knew.”
Oh Se-hyeon, with a slightly embarrassed expression, nodded.
“Then where should we invest?”
“yes? It’s just something my uncle decides… .”
“no. I can decide the direction, but your investment judgment and intuition are better. Just say it. “Is there anything you’re attracted to?”
“Then put 1 billion into each of the two online games and let your uncle decide the rest.”
“It’s a game… .”
Oh Se-hyun thought for a moment and opened his mouth.
“Let’s spend only 10 billion won in total. The two places are games as you said. “I will diversify the remaining investment to a maximum of 1 billion won or less.”
“is it so. Even if just one explodes, we’ll break even, right?”
“You just heard it. “The next government says it will foster IT, but will just one thing explode?”
It was great to see Oh Se-hyun’s brightly smiling expression.
It’s a shame that such a grateful person is retiring in five years.
I really need to provide generous severance pay.
* * *
The winter of 1997 was really cold. It was the only winter when Christmas carols did not rang out in the streets.
With three days left in December, I donned my suit once again to fight the last war of the year.
“The business card came out. “Take care of it.”
Since I was trying to meet people, I felt like I couldn’t do it without a business card.
After careful consideration, I disguised myself as an employee dispatched from Miracle’s U.S. headquarters. A young, second-generation Korean-American who manages the investment system at the headquarters.
It also has the effect of threatening that Korea is currently in danger enough to be dispatched from headquarters.
Seeing the English name written as Howard Zinn brought back memories from eight years ago when I flew to Texas to invest in Dell Computer.
It feels as vivid as yesterday.
“I feel proud when my first business card comes out. It seems like they are all grown up. “Hehe.”
“is that so? “It feels a little strange.”
“Let’s enjoy that feeling later and then leave quickly. “I will wait for the creditors to keep their eyes peeled.”
We set off for the meeting place where Ajin Group’s main creditors were waiting. For today, I put my head together with Oh Se-hyeon and made a plan.
This is to ruthlessly beat the acquisition price.
Shouldn’t you save every penny?
# # #
Executives from three banks and their assistants greeted the two of us with anxious looks in a large conference room.
A poker face is not only needed when a good hand is dealt. Even when the stakes are dry and a shitty hand comes in, you have to keep a poker face.
However, the creditors, mainly composed of banks, seemed to be insufficient to sit at the gambling table.
I can’t hide the fact that I’m already running away from my facial expressions, tone of voice, and actions.
The most important things in the world are the people who hold the money and live comfortably at the super-rich bank, where they are always treated loudly and treated well.
I have never been hit by such a harsh wind before, so I am naked and shivering from the cold.
There was a puzzled look in their eyes as if I was unfamiliar with the young me who came with the CEO, but their interest quickly faded.
Since CEO Oh Se-hyun is there, I won’t be interested in who I am.
“I heard that the merger discussions with Sunyang Motors have completely ended. “How about we start the acquisition process now?”
As soon as I hug him, without any time to catch my breath, he starts urging me on. And that urging was directed only to Oh Se-hyun.
“I haven’t signed the agreement yet. “Because Sunyang Group is adjusting its shares.”
“When will it be over?”
“Why are you asking us questions that should be asked to Sunyang Group?”
——————
faqwiki.us
Join our Discord for new chapter updates!
https://discord.com/invite/xr7SxG5T6V
——————
Oh Se-hyeon and I were leisurely drinking coffee and thinking about how much we would charge for a coat to people who can’t stand the cold.
“He also gave a hint to Chairman Jin of Sunyang Group. “The agreement has already been reached and all that remains is the procedure.”
“That’s not all.”
When I put down my coffee cup and quietly opened my mouth, their eyes were focused.
“Excuse me, but who is this…” ?”
“Ah, I was urgently summoned from the US headquarters. “I am in charge of leading this merger and acquisition.”
When Oh Se-hyun let me fly, the creditors looked a little surprised.
Don’t you look too young?
A couple of people from the bank took out business cards and handed them out to me. You might be curious about my position or rank.
Also, these guys are trying to see if I’m worthy of being in this position.
Only then did I hand out my business card, and when they saw my business card, they agreed.
Aren’t the Americans in control of Wall Street?
I bowed slightly to the creditors.
“Howard?”
The creditors repeated my name and exchanged looks.
“I am a second-generation Korean, so I use my English name. please understand.”
“okay. “Please continue with what you were saying.”
“yes. “Our investment review team is now closely reviewing this acquisition.”
Once the bait was thrown, the expected response poured in.
“what? Re-examination?”
“No, you can’t wait to reexamine it now. What is that… !”
The burning eyes of the startled creditors turned to Oh Se-hyun. I threw the bait, but they instinctively kept looking at the boss.
Banks follow the iron rule of not dealing with servants.
“That’s right. I tried to dissuade him several times, but… As you know, American kids just follow the system and don’t listen to their bosses.”
Oh Se-hyun shrugged his shoulders and then raised his hand and pointed at me.
“Due to the company’s system, I also watch this guy a bit. Because we hold the opinions of Miracle’s American investors. So, please listen to this friend until the end.”
I started pulling out a piece of pansori on the mat that Oh Se-hyeon had laid out for me.
“The initial scenario was like this. Sunyang Group wanted to own Ajin Motors, but they spent all their money to acquire Handa Steel. That’s when our Miracle appeared. The plan was to hold Ajin Group for a short time and then sell it at a very high price once Sunyang Group raised money. “I’m sure everyone can guess by this point.”
The creditors looked uncomfortable. This is because when I learned that Miracle’s purpose was money, I realized that it would not be easy to get what I wanted.
“however… I never thought a foreign exchange crisis would break out in Korea. Acquisition amount: 1.2 trillion won. When the exchange rate was 800 won, it was 1.5 billion dollars, and now when the exchange rate is 1,800 won, it is only 670 million dollars. What if it rises to 2,500 won? $480 million!”
When the exchange rate was mentioned, the creditors looked pale and poured out poor words.
“IMF aid has begun. Since $2 billion has already come in, it will not rise to 2,500 won. It will now drop below 2,000 won and stabilize soon… .”
“We promised $55.5 billion, but only $2 billion came in. Since the regime has changed, they will try to negotiate again with the new regime. 50 billion dollars… . There is no guarantee when it will arrive. “It might rise to 3,000 won next year.”
The creditors could no longer speak out.
“But the day after tomorrow, it will be 1998. You need to adjust your accounts for this year, but if you look at the ledgers, you won’t find the answer. When the new government takes office, they will probably begin to consolidate banks… . “If we want to survive, Miracle’s dollars must go to the bank before the sun sets, right?”
Exporting companies earn dollars, but importing companies need dollars. If you hold dollars now, all these companies will flock to you.
Demands for dollar payment from foreign banks are also piling up.
In an economic crisis like this, the need for large banks always comes to the fore, and the next government will certainly hasten consolidation based on this year’s performance.
“But from Miracle’s perspective, we are anxious about Korea. What if I can’t resurface? “What if the Korean economy falls to the level of Southeast Asia?”
“So, what do you want to say?”
“We are ‘preferred acquisition negotiators,’ but we would like to give up that status.”
“W-what?”
“It means we will be left out. If we give up on taking over Ajin Group, won’t Daehyun Group step forward? Please negotiate with them.”
Is there any way for Daehyun Group to step forward? Are you busy trying to put out the fire there too?
“Oh my gosh, don’t look at me. “American investors, who are the owners of the money, are anxious about Korea, so what can we do?”
Oh Se-hyeon joked, pretending to feel burdened by the pouring attention of creditors.
If there is one among these who is quick-witted, he will know what to do.
The cash has dried up, and one large, unsold, malicious inventory is sitting there and making me feel bad.
Whether it’s half price or half price, it’s best to deal with it quickly.
This simple principle applies equally to corner stores, large corporations, and banks.
“Change the minds of American investors. Our Republic of Korea is not that weak. In terms of economic size and competitiveness… .”
When one of the bank executives spoke urgently, I spoke in a slightly mocking manner.
“This is what the Korean government said before the foreign exchange crisis broke out. Isn’t it?”
They closed their mouths. There won’t be much to say other than the same excuse.
At this time, Oh Se-hyeon sneaked in and started the fire.
“Don’t you have to make a great decision?”
“yes? “A decision?”
Oh Se-hyeon made a phone shape with his thumb and little finger and clicked it with an arrogant look in his eyes.
“Call the presidents. “The person who makes the decision is the president.”
Executives are also servants. Now is the time for the owner to step forward.
—————————————=
fantasy, modern,
