God-Given Investment Genius - God-Given Investment Genius chapter 33

33- Yuwon Telecom (1)

#33. Yuwon Telecom(1)

The number of SMA (muscular atrophy) patients in Korea is about 200.

Professor Baek Jong-cheol, who is in charge of the new drug clinical trial, selected 7 patients from the hospital out of a total of 10 subjects for the clinical trial, and was about to openly recruit the remaining 3.

The schedule for the clinical trial has not yet been disclosed to the outside world.

Professor Baek Jong-cheol had no choice but to give up one of them, seeing the tears of Myeong-hee Lee, the guardian of a child with type 2 spinal muscular atrophy, who came at the perfect timing.

Professor Baek Jong-cheol said.

“Parents, calm down and go to the existing hospital and apply for all of them.”

“Huh… Yes, Professor. Thank you thank you.”

Professor Baek Jong-cheol asked Myeong-hee Lee, who was returning with the application documents for the clinical trial after barely recovering.

“By the way… just before that guru, guru, she shed tears… Why did you suddenly find a guru?”

“Ah… a man named Cheongdam Master told me to go this way. Go to the hospital southeast across the river… There is a nobleman there. There is someone who will save our Seung-ho.”

Baek Jong-cheol burst out laughing and said.

“Heh heh, as someone who studied medicine, I don’t believe in fortune tellers, but it feels good to hear that the clinical trial is ending successfully.”

***

Meanwhile, Seoyeon, who borrowed five “Human resources manage specialists” from President Moo-Seok Cha, immediately began cutting out the cancerous cells of Yu-One Cosmetics.

Based on Lee Myung-hee’s testimony and Ji-hyeok’s advice, employees who were directly involved in the embezzlement and those who indirectly lowered the company’s profit rate were classified, and among them, those with a bad quality were dismissed and disciplinary measures were taken.

That alone cut the throats of half of the executives at the manager level or higher and the majority of executives.

Daniel Corner, who was newly appointed as the president at the recommendation of Ji-hyeok, quickly analyzed the company’s business and financial situation and calculated the damage and unfair gains they had caused to the company.

The damage they caused to the company over the past two years was a huge amount of 60 billion won at the minimum and 80 billion won at the maximum.

In addition, there were invisible damage.

Since most of the manager level and above participated in the embezzlement, it was impossible not to notice the employees, and it soon led even the lower-level employees to fall into moral hazard.

It was this part that Seoyeon was most angry about, and she couldn’t shake the thought that one of the companies had turned into dirty water because of someone’s greed.

In order to identify the person behind it, Hwang Ki-seok was pressed in all directions, but to no avail.

Seo-yeon was even more angry at the attitude of telling her to do as she pleased despite the threat to report to the prosecution.

In the end, despite Ji-hyeok’s advice, Seo-yeon decided to go find the object of her heartache.

***

Upon arriving at Yuwon Construction Headquarters, Seoyeon was in a mixed state of mind.

Unlike her older brother, Seo-joon, her second brother, Seo-gyeong, was more affectionate than anyone else when she was young.

The eldest brother, who received special treatment along with succession classes from a young age, mostly responded with irritation to young Seo-yeon’s complaints to play, but the second Seo-gyeong was so close that she called her princess even after graduating from high school.

The estrangement between the two began when both Seo-gyeong and Seo-yeon began to be greedy for the wealth their fathers would inherit.

Seo-gyeong started to annoy Seo-yeon, who she didn’t even think of as a competitor, and as she tried to berate her father, saying that she wanted to receive at least as much as her second brother would, the relationship between the two naturally grew estranged.

Still, in a corner of Seo-yeon’s heart, she remembered Seo-gyeong, who was warm as a child, but it was heartbreaking to know that such an older brother made a company into a slush fund window and did not stop embezzling even though it was now owned by her.

[Management Strategy Headquarters]

Arriving in front of Seo-gyeong’s office, who is in effect the president of Yuwon Construction, Seo-yeon took a deep breath and went inside after being guided by her secretary.

“What are you doing?”

Seoyeon answered with a slight frown at Seogyeong’s dry tone, which seemed neither pleasant nor unpleasant.

“I have something to ask my brother.”

“What? Why do you come to the office to ask me over the phone?”

“Don’t you know better than that? Hwang Ki-seok Executive Director. Is it your brother’s work?”

Seokyeong tilted her head and said.

“Hwang Ki-seok? What is he?”

“There’s nothing to be ashamed of. because I know everything Did you think he didn’t know that my brother made Hwang Ki-seok, executive director, the president of Yoo-won Cosmetics, and took money here and there?”

Seo-gyeong was not too embarrassed and answered with a smile.

“Is he like that? Did I do it?”

“Executive Director Hwang Ki-seok, you were a college alumni of your brother and an executive at a construction company. It’s a chore anyway, so I don’t want to work. The 80 billion that I embezzled through Executive Director Hwang, just return the money.”

Seo-gyeong replied with an expressionless face.

“They said they came to ask, but they’ve already come to a conclusion.”

“Brother, it’s because I really want to do well. I’ll cover everything in the past, so please just give me that money back. It’s basically cosmetic money.”

“I don’t think you’ll believe it even if you say you don’t know, just do whatever you want.”

Seoyeon said in a slightly exasperated tone.

“If you file a complaint with Hwang’s executive prosecutor, this is at least 10 years. Do you think Executive Director Hwang will keep his mouth shut for 10 years?”

“He’s not the type to be loyal. Anyway, do whatever you want. Before that, get permission from your father. He is the kind of person who doesn’t like to put up an amusement park sign and gossip about loud things.”

Seo-yeon did not hide her anger at Seo-gyeong’s ridiculing answer.

“I clearly warned you. What happens from now on is your brother’s responsibility.”

After she finished speaking, Seoyeon chewed her lips and left the office.

Soon, Seoyeon took out her phone and called Secretary Go.

“It’s me, Secretary Go. Report it to the prosecution right away.”

– CEO, if the chairman finds out, he will be very angry. Are you really okay?

“If I tell my dad, he’ll just scold me and move on. You won’t get a single penny back of the money you embezzled.”

– But, I’ll tell the president first… If they are exposed to the media, the image of the group will suffer greatly.

“If I go overboard like this, how funny will my older brothers look at me? And the late secretary said he didn’t know my dad, but he’s the kind of person who would hate it more when he’s being treated like a fool and then rushes off and snitches. If the prosecution has an idea, there won’t be any leaking it to the media, so just go ahead.”

– ···I understand, CEO.

***

Two hours later, in the Yuwon Group chairman’s office.

– President, it’s been a while.

Upon receiving a call from the Seoul Southern District Prosecutor’s Office, chairman Jin Seong-cheol gestured to his secretary to stop.

“Heh heh, what is the district attorney doing at this hour?”

– It’s nothing else, a complaint was filed with the Southern District Prosecutor’s Office today… I think the chairman should know.

“What is it?”

– Yuwon Cosmetics reported a case of embezzlement, but the case is a bit massive… at first glance…

The prosecutor general was speechless, but Chairman Jin Seong-cheol noticed at once.

“I think it will lead to a slush fund problem, are you saying?”

– Given the circumstances, it seems difficult to see that the accused, Executive Director Hwang Ki-seok, committed a single crime. I kept the case for now, but I think it would be better to tell my daughter and withdraw the accusation because it will be an investigation someday.

“Heh heh, this is true. My face is burning because I think I was caught not educating my children properly. I lost my debt to the district attorney this time.”

– Oh hey, thank you. Of course, I should tell you about this.

“Once you know. Have a seat soon.”

Chairman Jin Seong-cheol, who put down his cell phone, called the secretary’s office.

“Seoyeon asks to come in, and Hwang Ki-seok connects the phone.”

– Are you talking now?

“Yes, right now!”

***

Called to the chairman’s office, Seo-yeon had no choice but to admit that she was too hasty at the fiery scolding of chairman Seong-cheol Jin.

Seo-yeon’s mistake did not stop at haste.

“Seoyeon, did you mean to smear poop on our eldest son’s face? Does it make sense to bring in the prosecution with housework?”

“Is it something your big brother did?”

Seo-yeon looked at Seo-joon with wide-open eyes and continued.

“Big brother, is your brother like that? why······.”

Seo-joon shamelessly shrugged.

Chairman Jin Seong-cheol looked at Seo-joon and said.

“Eldest son, what are you saying you did well? If you just stay still, everything will be yours, so why are you doing useless things? Have you been living somewhere else?”

Jin Seo-joon replied with an impudent face.

“No, Father.”

“Seoyeon said it was 80 billion, so why do you need that much money?”

“It was not for personal use, Father.”

“Eldest son, don’t be shy in front of your father and tell the truth.”

“I used it to buy shares in the holding company. Aren’t you always worried about losing control of the group after switching to a holding company?”

Jin Seong-cheol’s expression instantly calmed down.

“Is that true?”

“Yes, Father. I went around Myeong-dong and bought it under my car name.”

“If that’s the case… Still, if I had known that my brother had gone out to do well, I should have stopped. How much can you buy if you buy shares with that little money?”

“I was going to sort it out soon. And your father knew it too. Didn’t Hwang Ki-seok buy a lot of shares in the holding company with the funds he made in construction?”

“Kuhmm…”

“I thought I was good at it, so I just used it a little bit.”

Jin Seong-cheol let out a short sigh and said.

“But this time you passed by. I apologize to Seoyeon.”

“Yes, father. I’m sorry, Seo Yeon-ah. I didn’t know you would go out with it.”

It was an apology that did not contain even 1% of sincerity.

Chairman Jin Seong-cheol said.

“Seoyeon, you go and drop the accusation right away, and Seojun, at least increase Yuwon Cosmetics sales. Distribute some cosmetics to the female employees of the telecommunications company. We have to help each other and live.”

“Yes, Father. I will.”

Seoyeon’s face turned red as she listened to the conversation between the two father and son.

“Dad, are you going to get over this? You have to ask for the 80 billion won that cosmetics lost. If you can’t return it with money, please tell me that you bought a stake in the holding company. It’s basically cosmetic money.”

“Don’t raise your voice with your family over this. And didn’t you say it with your own mouth? I will not covet a stake in the holding company.”

“Then what about my company?”

“If you don’t have enough money, I’ll increase the rental amount, so that’s it.”

“dad! It’s all debt. Are you saying it doesn’t matter if your daughter sits in debt and goes bankrupt? is that it? I just can’t get over it.”

Chairman Jin Seong-cheol frowned and said.

“So, are you saying you’re going to put sh*t on your brother’s face? If you don’t want to cancel the complaint, leave it alone. Don’t take care of it in my line. And you keep cubing that it’s yours, are you going to take off the amusement park sign and write your name? Otherwise, do as Abby tells you.”

“Oh, Dad…”

***

[Cheongdam Station]

After being scolded harshly by Chairman Jin Seong-cheol, the place Seo-yeon went to was the Cheongdam Station Center where Ji-hyeok was located.

After hearing Seoyeon’s complaint, Jihyeok said calmly.

“Didn’t I tell you not to act rashly like that? I must have offended you for being the second older brother for no reason.”

“I feel so unfair, Mr. Jihyeok. It’s my older brother who committed embezzlement, but does it make sense for you to scold me for saying that I used it to buy shares in a holding company?”

“So, can’t you give me a penny back?”

Seoyeon replied with a nod of her head.

“Hmm… that’s a bit problematic. Seo-yeon is a family member, so even if that’s possible, from my point of view, it’s hard to just pass it on. Aren’t half of Yuwon Cosmetics my own now?”

From noble mtl dot com.

“Mi… I’m sorry, Mr. Jihyeok. If you want, I will cancel the contract and return the investment.”

“Seoyeon, this is the money I put in by selling stocks that are still going up. Even if I destroy it now, my damages cannot be recovered.”

Seoyeon lowered her head and said.

“sorry. I will do whatever it takes to make up for the damage Ji-hyeok suffered.”

Jihyeok stared at the crown of Seoyeon’s head, and then said with a determined expression.

“Seoyeon.”

“Yes, Mr. Jihyeok.”

“If Seoyeon is okay, I plan to make up for the damage in my own way, but once it starts, it is irreversible.”

“yes? how······.”

“It could affect the entire Yu-Won group, or it could end up putting a knife in my father’s back. Of course, if Seoyeon says she doesn’t like it, we won’t even start. Seoyeon’s loss is much bigger than mine, but the host and guest can’t be evangelized.”

Seoyeon answered right away without thinking too much.

“No, Mr. Jihyeok. I heard that there was nothing I couldn’t do in the yard where I was even told to remove the signboard of the amusement park. What can I do?”

“All right. Then, Mr. Seoyeon, please set up a seat with Mr. Seokyung Jin as soon as possible.”

“yes? second brother? You must have been very upset because of me…”

“I heard you didn’t raise your voice even once after hearing that? It’s not your personality to put it in a big way, so make a space for it. Isn’t it better to have more allies?”

***

Ji-hyuk, who confirmed that it was 10 p.m. after Seo-yeon passed away, called Yu-jin first.

“I don’t know if I called you too late. Are you off work?”

– Oh no, boss. I am still at work checking the New York Stock Exchange.

Yoo-jin, who was appointed as the CEO of Vertical Movement, was rapidly increasing Ji-hyeok’s funds by using aggressive leverage.

Recently, it was a situation where some investment money was invested in the New York Stock Exchange.

“How much money is invested in the domestic stock market other than the funds currently invested in the US stock market?”

The number came right out of Yujin’s mouth, as if she had memorized it.

– Most of the investment is in semiconductor-related stocks, and the current valuation is 328 billion won.

“okay. Then cash it all out as soon as the market opens tomorrow.”

Eugene’s reaction was completely different from the previous corner representative.

– Wow, you’re doing some hot stuff again?

“hahahaha, this time it will be so hot that you might burn it if you do it wrong. Could it be a week?”

– Enough, Boss.

After finishing the call with Yujin, Jihyeok immediately dialed another number.

“Hey, Sam. It’s me, Matthew.”

After confirming Jihyeok’s voice, Samuel said in a happy voice.

– Oh, the owner of our vertical movement. When I heard about Daniel, he was very active. Anyway, I was born with a talent for making money.

“It was just a bit of luck, huh?”

– Anyway, I guess someone isn’t Korean. No matter how much you grew up in America, you can’t help that humble blood? hahahaha. But what’s going on, I’ll meet you when I go on vacation to Korea next week, but I don’t bother calling.

“Sam, I’m sorry, but I’ll have to postpone that vacation.”

– what? He kept saying he couldn’t come because he was busy. What happened again this time?

“No, you can come to Korea, but come on a business trip instead of a vacation. There are quite a number of cases, but it’s a bit big for me to go through alone. It’s a number that your company will like quite a bit.”

– Where’s the target?

“Korea’s No. 1 telecommunications company in market share, Yuwon Telecom.”