God of Corporate Hunting - Chapter 182



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◈ Episode 182 Silicon Valley Capital (3)

I got a call from Korea Bank.

“It’s impossible.”

Yoon Se-bin said in a hoarse voice.

“why?”

“Because America is shaking… Korea is in chaos too. The Financial Supervisory Service is investigating the financial soundness of banks… So it will be difficult to lend large sums for the time being.”

“Grandpa?”

“No, my father.”

It is not something that is difficult to understand. It is not easy to lend 3 trillion won in a short period of time. Moreover, since Goryeo Asset Management is a family, if problems arise later, they could be charged with breach of trust.

So, it seems that they said that it is not possible now because of the strict surveillance, but that they can lend it out later when things stabilize.

I need it within 3 days, no, I need it within 2 days now… … .

“What should I do?”

“What about Temasek?”

“yet…….”

While we were talking, I received a call from Cho Ha-neul in Korea.

Yoon Se-bin’s face darkened as he answered the phone.

Temasek also sent a message that it would be difficult to make additional investments immediately. They also understand the situation. The sovereign wealth fund operates according to plan and the approval process is also complicated.

Fund management is messed up.

The money coming in from Tesla should take a month. By then, the money will be abundant and it won’t be difficult to get the Silicon Valley Capital acquisition funds. But right now…

“Would you like to see this?”

Seon Yoon-ah called the two people.

A stock price graph was floating on the monitor. The stock price had plummeted and was hitting the floor.

“Where are you?”

“First Republic Bank.”

Of course, Nam Woon-myeong didn’t know which bank it was.

Seon Yoon-ah continued her explanation.

“It’s a regional bank in the US. Like Silicon Valley Bank, it’s based in San Francisco. As the financial system became unstable, people who thought small regional banks were risky withdrew their money and moved it to big banks. This made small banks even more vulnerable. In an instant, the stock price plummeted by 30%.”

There were rumors going around that First Republic Bank was next in line for bankruptcy. The financial authorities assured them that it was safe, but those who had experienced the failure of Silicon Valley Bank did not believe it.

There was even a risk that a chain of bankruptcies of small and medium-sized local banks could occur.

“It’s chaos. If things continue like this, Silicon Valley Capital may not be safe either.”

Of course, Capital’s investment funds are not deposits of ordinary consumers. However, the situation will change when major LPs with financial difficulties begin to recover their investment funds.

Above all, the value of the Silicon Valley capital they bought plummeted before they could even acquire it.

In the digital age, the flow of money has become much faster than in the past, making stability vulnerable.

The sharp decline in stock prices of small and medium-sized banks that Seon Yoon-ah showed one after another was representative of the seriousness of the current situation.

As time passed, the situation did not calm down.

There are reports that the Federal Deposit Insurance Corporation (FDIC) is investigating executives at Silicon Valley Finance Group.

Even if there was no wrongdoing, their morality was dealt a fatal blow. The bank executives’ hasty sale of their stocks using inside information caused a loss of trust that would be difficult to recover.

While he was busy raising $2.5 billion, Yoon Se-bin received a phone call.

“This is Yoon Se-bin.”

[This is the Office of the Secretary to the Chairman of the Federal Deposit Insurance Corporation, Mr. Grunberg.]

“What’s going on?”

[I heard that they are pushing for an acquisition of Silicon Valley Capital.]

“Yes, but?”

[The FDIC is watching this acquisition closely, as it believes that if completed, this transaction would be of great help to the stability of the U.S. financial system.]

“Yes, I’m trying.”

[We understand that Temasek, the Singapore sovereign wealth fund, is one of the major LPs of Korea Asset Management. Is that correct?]

“Yes.”

[It would be especially helpful for stability if sovereign wealth funds purchased capital.]

Yoon Se-bin frowned. He could see the FDIC’s intentions.

“but…….”

[The contract will be executed soon. I look forward to it.]

After hanging up the phone, Yoon Se-bin stood there with a blank expression.

The Federal Deposit Insurance Corporation is secretly putting pressure on banks to find out how they can get funding.

Nam Yun-myeong understood the situation.

This was a preemptive crackdown to prevent the cancellation of contracts with other local banks, including First Republic Bank, which was also shaken.

“You’re thorough.”

It was clear that the U.S. government was making every effort to ensure financial stability.

“They even asked Temasek to join. Temasek refused to invest money…….”

“I should try contacting you again.”

Yoon Se-bin had requested funds from Temasek through an official document from Korea Asset Management. That is why he told Cho Ha-neul the official document he had received in response.

If you can’t get through the front door, try the back door. Of course, this kind of brute force may work in advanced financial institutions, but it’s worth a try.

Nam Yun-myeong called Temasek’s CEO, Li Sang-yan.

“This is Nam Un-myeong of Mega Asset Management.”

[This is Li Sang-Yeon. It’s been a while.]

“I know you are busy, but let me just get to the point. Can you increase some of your Temasek investment?”

[I have confirmed the official request from Korea Asset Management. As I mentioned in my reply, it will take a month if we go through the official process.]

As expected, this is the answer.

“Sir, when you came to Korea before, do you remember the promise you made then?”

[ah!]

Li Sang-Yan seemed to have recalled a memory.

If the $100 million invested last year is successful, they plan to increase the investment to $500 million in the second half of this year.

[Haven’t you already increased that $500 million?]

Temasek has increased its investments this year, achieving its investment target more quickly than expected.

“Did you know that even that $500 million was already the target profit for this year?”

[I am always grateful. You are investment geniuses.]

“Please show your generosity once more. Increase the amount by another 500 million dollars. By tomorrow. In return, the 500 million dollars will be guaranteed by Korea Bank.”

For a sovereign wealth fund, there is no better condition than an investment that does not incur losses.

[Korea Bank guarantee?]

“Yes, I think it’s quite attractive.”

Yoon Se-bin’s eyes widened as he listened to the phone call from the side.

[I will review it.]

I hung up the phone.

Nam Yunming thought of Li Shangyan’s personality that he had seen before. It was a difficult request, but he probably wouldn’t refuse. He had secured 500 million dollars in investment, but there was still 2 billion dollars left.

“Why do you put such a condition on it?”

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Yoon Se-bin asked, seemingly incredulous.

“I think you can handle that kind of guarantee, right?”

It would be impossible for Yoon Yi-baek, but it might be possible if you persuade Yoon Do-cheon well.

Comparing the difficulty of getting a loan from Temasek and getting a guarantee from Korea Exchange Bank, Temasek is much more difficult.

Nam Woon-myung is trying to solve that difficult problem, but she can’t hold him back.

Yoon Se-bin sighed.

“Okay, I’ll try.”

Seon Yoon-ah, who was watching the two people arguing, felt her fighting spirit burn within her.

“Haha, I solved part of it. But I still have 2 billion dollars left. What do I do with that?”

“We’ll have to beg Tesla.”

“That’s a month later?”

“They are asking for $2 billion.”

“Is it possible?”

“I trust Jeon Cheol-ho.”

Didn’t Shin Chul-ho always sing that a woman’s face is the key? At times like this, we need to prove that a woman’s face is the key.

Nam Woon-myeong called Shin Cheol-ho.

“Cheol-ho, what are you doing?”

[Are you sleeping?]

I’m running around trying to raise funds, and no, I’m on the phone with that guy sleeping at this hour.

“What time is it and you’re still sleeping?”

[I overdid it last night.]

“Huh? What did you do last night?”

[It’s a secret.]

“Were you with Mr. Kramer’s secretary?”

[It’s a carrot. My face feeds it, right?]

Unlike usual, Shin Chul-ho looked respectable now. Yes, with that face, this operation must be successful. It must be achieved even if it means sacrificing one’s body.

“Cheol-ho, we were supposed to receive $2 billion from Tesla in a month, right? Can we get it quickly? We already signed the MOU anyway…….”

[2 billion dollars is your name?]

Nam Woon-myung explained the situation. At the end, he especially emphasized that this was a project being promoted by Yun Se-bin.

This guy would die in a flash if it was Yoon Se-bin.

Shin Cheol-ho, who had been sighing repeatedly, said as if he had no choice.

[Okay, I’ll try. But… …I have to buy you a meal when I get back to Korea.]

“Okay, I’ll buy it for you.”

[Except you.]

Nam Woon-myeong looked back at Yun Se-bin.

Yoon Se-bin smiled and nodded.

Temasek and Tesla have found a way out, though whether they will succeed remains to be seen.

* * *

Tony Heller of Silicon Valley Capital was having a beer at a nearby pub.

In front of him, a man in his early thirties was drinking beer with him.

“What happened? We are also in a very urgent situation.”

“That’s what I mean…….”

Heller answered with a puzzled expression.

The man who had been listening to the explanation for a long time sighed deeply.

“Oh my, why did the bank suddenly collapse…….”

“Isn’t it luck?”

“I know. Ever since I started my business, I’ve had no luck. When I first started, I thought I’d have a prototype the next day and the company would take off…….”

“That’s just how it is.”

“This is more of a technical issue than anything else.”

“Your skills are certain. You will succeed.”

“Investment money needs to come in.”

The conversation between the two went on and on.

Heller continued to coax the man.

“I’m sorry for the delay in approval due to unforeseen circumstances. The owner of our capital has changed. It will stabilize soon, so please wait a little longer.”

“Do you know how much money I gave you? You must do it. Soon.”

“Of course. But…… Given the current atmosphere, even that won’t be easy. When will it happen? That’s why……”

“Okay, I’ll give it to you. But… our company has to get investment approval unconditionally. With your position, you can do it, right?”

“Let me try.”

There was talk of money between the two.

At the next table, someone was recording the whole situation.

* * *

Yoon Se-bin, who was spending her time anxiously, received a call from Yoon Se-hyuk.

[You said you had an accident?]

“What happened? What are you talking about?”

Yoon Se-bin’s voice naturally rose as he spoke.

[I heard they’re acquiring some capital in the US?]

“Whether I take over or not.”

[I know. That’s your business. But you shouldn’t bring Korea Bank into it.]

He’s a guy who treats Korea Bank money as if it were his own.

Yoon Se-bin sighed.

I heard that you asked your father for 2 billion dollars. And that if you don’t come up with 2 billion dollars, you’re in trouble.

Other people’s misfortune is my happiness! That’s why I called you in excitement.

“It’s none of your business, oppa.”

[Haha, I know. I just wanted to cheer you on in your struggles.]

It’s definitely not a cheering voice.

It was natural for her to have a grudge against him since he was kicked out of the president position when Korea Investment & Securities increased its capital. She had also been at odds with him before.

“I don’t need any cheering, so I’ll hang up now.”

[Have a good day. Don’t even think about going broke and coming back to the bank.]

They are holding a ceremony to completely destroy it.

As I hung up the phone and was venting my anger, Nam Woon-myung smiled brightly.

“You and your brother don’t get along well.”

“Isn’t that obvious? Siblings don’t get along well. I don’t know about Unyul since she’s an only child.”

As she was going on about her bad relationship with her brother, the phone rang again.

It was a call from Silicon Valley Capital.

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