God of Corporate Hunting - Chapter 195



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◈ Episode 195: The internal conflict of the Bukseong Group (2)

I couldn’t tell if I was suddenly attracted to Ashur’s money or if I really hated it.

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

At first, she met his eyes firmly, but then slowly looked away.

At first glance, Yoon Se-bin’s fortune did not show a future in which she would marry a foreigner. I was desperate to confirm her fate, or rather, the man who would marry her.

Nam Yun-myeong controlled his mind. There are times when knowing the future can be a hindrance. In particular, the answer is not to peek into the lives of close acquaintances unless it is a special case.

“Ashur already has two wives. So that can’t be…….”

“They said that legally, up to four people are allowed. They suddenly entrusted us with asset management and even gave us a supercar as a gift. Is that easy to accept?”

Nam Woon-myung thought back on the conversation he had with Ashur. Of course, he had figured out Ashur’s personality and had cleverly guided him. However, he could not trust them completely.

Since Yoon Se-bin was also there, her judgment might be more accurate.

“I have a feeling an offer will come soon.”

“Will you accept me if I come?”

Yoon Se-bin stared at him intently.

“No, there is an age difference of more than twenty years.”

“Age doesn’t matter. He’s the richest man in the world.”

“That’s enough.”

Yoon Se-bin waved his hand.

Nam Yunming thought that she was worrying for nothing, but he didn’t question it. It would be revealed later who was right.

“So, what do you want to say?”

“Do you know how much money we have currently?”

If you add up the funds managed by Korea Asset Management and Mega Asset Management, it is enormous. Most of it is hidden in the New York branch and is not known domestically, but in terms of amount alone, it is actually the largest private equity fund in Korea.

Isn’t there also the recently acquired Silicon Valley Capital fund? The funds managed by Silicon Valley Capital amount to nearly 6 billion dollars. Of course, most of it is tied up in ventures.

“The recently launched Byglobal Fund has also exceeded 1 trillion won. There were almost no public offerings, but institutional investors invested a lot of money. It is now difficult to operate in the old-fashioned way as before.”

This is something that Nam Woon-myung was also concerned about.

When he had little money, he could just put money into a good investment by judging it. But now it is different. He has become a whale in a pond, so he runs the risk of disrupting the financial market. In fact, the hit-and-run is over.

Until now, Korea Asset Management has been systematic. The systems of Korea Bank and Korea Investment & Securities were secretly transplanted. She is not a descendant of Korea Investment & Securities Group for nothing.

On the other hand, Mega Asset Management lacked a system. Most of the investments were swayed by Nam Woon-myung’s determination.

Thanks to this, the profits were high, but now that the amount has increased, it actually works as a disadvantage.

“We need to hire more employees. We need to increase the number of employees at the head office and especially at the New York branch.”

“I’ll give instructions to Nora Lewis and Daniel Miller. Mr. Nam, you don’t plan on bringing the funds from the New York branch back to Korea, do you?”

“Yes. In Korea, black-haired foreigners have an advantage.”

Foreign capital has an overwhelming advantage in fighting the North Star group.

Now there is a justification. If there is a problem, you can just say that it is Temasek or Abu Dhabi Investment Authority funds. The management of foreign sovereign wealth funds cannot be done arbitrarily by the management company.

Of course, most of the funds received by Mega Asset Management are blind funds, so there is no specific investment destination. It is truly free.

“Director Nam, is there a place you would like to invest in?”

Of course there is. Nam Woon-myeong thought of an investment destination that had been put off due to lack of funds.

“First of all, additional investment is needed in Daehan Hydrogen Engineering and Daehan Mirae Research Institute. Daehan Hydrogen Engineering in particular needs additional funds if it starts a hydrogen business with the UAE. In Abu Dhabi, if the money invested from their sovereign wealth fund is invested in their country’s technology development, it will make sense. And Daehan Mirae Research Institute…….”

His view that artificial intelligence technology is the key to the future has not changed. In the future that he sees with the ability of Zhuge Shiga, artificial intelligence plays a very important role.

Yoon Se-bin also agreed with the investment destination he mentioned.

And what remains is… … .

Nam Yun-myeong gathered his thoughts and spoke.

“We also need to increase our domestic brand awareness. The Byglobal Fund cannot continue to languish like it is now.”

“They say it’s popular with institutional investors.”

“Popularity is also important. So…….”

Nam Yun-myeong advocated investing in Indian and British stock markets, including the U.S. semiconductor sector, and named some of the most prominent companies there.

“Why there of all places?”

“It will definitely go up for the next month.”

“Have you analyzed it?”

“No, it’s a feeling.”

Yoon Se-bin, who had been making a dumbfounded expression, reluctantly nodded.

Up until now, whenever he insisted that it was a feeling, she mostly agreed.

Since the Byglobal Fund was a fund that contained Yoon Se-bin’s dreams, Nam Woon-myung wanted to achieve results quickly in some way.

Rather than being a fund that is ignored by the general public as it is now, we need to develop it into a representative fund loved by all citizens.

Even if it means pushing yourself, you have to start by making a lot of money in the first month.

“Just leave it to me for a month. I’ll definitely reward you.”

Yun Se-bin also raised his hand in response to Nam Woon-myung’s repeated claims.

“Okay, I understand. Just make sure to communicate well with the New York branch and get things moving.”

If it were a stock market other than domestic, such as India, the UK, or the US, the main operating window would be the New York branch.

After agreeing on the management policy of the Byglobal Fund, Nam Yun-myeong mentioned the Bukseong Group.

“Now it is time to fully enter the Bukseong Group.”

“How?”

“The owner’s personal stake in Bukseong AF Tech has been acquired through KMM. The stake previously held by Mega Partners has also been transferred.”

Yun Se-bin was impressed by Nam Woon-myung’s quick actions.

Now, all of the shares of Bukseong AF Tech, except for a 10% minority stake and a 20% stake in Bukseong Chemical Energy, are in the hands of Mega Asset Management and Korea Asset Management.

“Is it really worth it?”

“Value must be created from now on.”

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“You are sincere to the North Star.”

“So what I’m saying is…….”

Nam Yun-myeong said with an incomprehensible smile.

“There’s a place I can go with you today. You took the bait we threw at you.”

* * *

Nam Woon-myung and Yoon Se-bin visited a quiet coffee shop in Yeouido.

Located on the top floor of a building, this coffee shop was popular for its unobstructed view of the Han River.

Also, since it wasn’t a coffee shop located on the first floor, it wasn’t crowded with customers. Instead, the price of coffee was a bit expensive, but considering it was the price of the seat, it was reasonable.

“What’s going on here?”

“I want to heal by drinking coffee.”

Nam Yun-myeong grabbed the table by the window.

“Just kidding… why are you here?”

Yoon Se-bin asked with a nervous expression, unlike the relaxed atmosphere outside the window.

“Wait a minute. Ah! Here it is.”

There were two women just entering the coffee shop.

One of them was a face he had seen before, and the other was a face he had never seen before. However, Nam Woon-myung quickly realized who it was.

Yoon Se-bin’s eyes widened as she followed his gaze. This was someone she knew well.

A young woman greeted them.

“You’re late.”

“Please sit down.”

As Nam Woon-myung moved to sit next to Yun Se-bin, the two sides ended up facing each other.

The two women were Hyun Jae-eun and Hyun A-ram.

“Representative Yoon came out too?”

“Because he is already deeply involved in the North Star.”

This place was not unfamiliar at all, as Yoon Se-bin also attended the inheritance tax issue of the Bukseong owner family.

While they were chatting, Nam Woon-myung brought coffee.

Hyun Aram immediately brought up the topic.

“It’s like spitting in your own face, but… Director Nam was right. Everything was planned by my father and Vice President Yeom Jong-bok.”

Nam Woon-myung refrained from commenting. But since Hyun Jae-seop is their family, he can’t call them bad guys in front of their faces, right?

Hyun A-ram worked hard to vent her anger, and thanks to that, Yoon Se-bin, who had been quietly listening to her complaints, was able to fully understand the situation.

Before Nam Woon-myung could ask a question, this time Hyun Jae-eun spoke.

“Director Nam said he guessed all of this.”

“Yes, that’s right.”

“How did you know that?”

Nam Woon-myung’s actions were surprising to them, as he had found out about the family’s hidden secrets before they did.

“As you invest, you develop the ability to analyze everything comprehensively. Companies have something called owner risk.”

Nam Woon-myung was reluctant to answer. He couldn’t tell her, but it would be advantageous for his image to maintain a bit of mystery.

“Anyway, since you know everything, I’ll ask. What should I do from now on?”

There was a hint of resentment in Eun-jae’s voice.

Even without having to hear it, Nam Woon-myung understood Hyun Jae-eun’s feelings. To her, Hyun Jae-seop was just her stepbrother who killed her parents.

It also seemed that Hyun A-ram still had a lingering sense of sadness about not being treated as well as Hyun Chang-yoon or Hyun Chang-min.

“Currently, Bukseong is trapped under the current CEO system. As time goes by, its management structure will become more solid. However, you must know very well that it is at its weakest right now due to the inheritance tax and management structure reorganization. What will you do?”

Nam Woon-myung had already guessed their choice.

Just by coming to see him today, you could tell they had made a decision.

As expected, Hyun Jae-eun and Hyun A-ram did not abandon his wishes. The two showed a desperate determination.

“The North Star Group is not important. It’s important to my father and my eldest brother. If I can’t have it, I’d rather blow it up in the air than give it to them.”

“I can’t let my brother, who killed my father, take everything.”

“Have you considered legal action?”

Both men shook their heads at the same time. It is not easy to accuse a family member, and if it goes to trial, a real bloody war will break out between the family members. And there is no telling how long it will take.

In a fight like this, wealth is what decides the outcome. Naturally, it is advantageous for Hyeonjae Seop.

“The reason you met me today is to take away the management rights of Bukseong Group from President Hyeon-seop, right?”

“is it so.”

“You also know that the group is at risk of being split because CEO Hyeon-seop’s stake is so strong, right?”

“We are no pushovers either.”

If it had been just the two of them, they would never have thought of opposing it. They had a powerful supporter named Joo Do-hee.

Wife of Chairman Hyun Man-heum and Chairwoman of the Bukseong Cultural Foundation. Although it is a cultural foundation and not a group affiliate, she owns some stocks in important affiliates.

In addition, since he inherited a majority of the shares from Chairman Hyun Man-heum when he died, he is currently the only person who can stand up to President Hyun Jae-seop.

“The shares currently purchased by private equity funds will not take sides in any family feud.”

Yoon Se-bin intervened.

The general outline of the war has been established.

The battleground is Bukseong Chemical Energy, the largest affiliate of Bukseong Group, and the affiliate that holds the largest stake in Bukseong Chemical Energy is Bukseong Construction.

“I guess I should collect Bukseong Construction stocks.”

Just like Nam Woon-myeong, Hyun A-ram and Hyun Jae-eun’s minds were also working quickly. They had to attack the affiliates that held the majority of Bukseong Construction shares or attack Bukseong Construction itself.

Nam Yun-myeong provided a rough guideline.

He added that if he needed money, he could lend it to them using his shares as collateral.

And they also quietly included Bukseong Life, which would become the center of the future war.

Since Bukseong Life Insurance is a financial company affiliated with the group, it can only exercise rights to 3% of the shares it owns, but there is also a method to exercise the entire stake by entrusting the stake to a private equity fund.

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