God of Corporate Hunting - Chapter 198



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◈ Episode 198: Setting a trap (2)

The medical startup Petanos, revealed by Kang Han-soo, has caught people’s attention.

Not only is his technical skills impressive, but the CEO’s good looks in the photo are what caught my eye. And he’s a celebrity selected by Forbes! There’s no way I wouldn’t believe it.

“Isn’t that a female Steve Jobs?”

“Silicon Valley’s innovation icon!”

People who checked Eli Short’s resume were in an uproar.

To summarize the published articles, it was a great company and CEO that will lead the future of mankind.

Kang Han-soo declared, fully encouraged by the excitement around him.

“Small and medium-sized regional banks in the US are in crisis these days, right? Silicon Valley in particular is in bad financial condition. Thanks to this, the way was opened for investment in Petanos. Petanos decided to receive additional investment as an exception. Of course, our MZ Securities is included. If it weren’t for this luck, we wouldn’t have even had the opportunity to invest in Petanos!”

“so?”

“We will invest in Petanos through the MZ Global Top Fund, which is being offered by MZ Securities. If you want to invest in this company, either fly to the US and negotiate directly, or invest in the Global Top Fund. Do you know what I mean?”

“Global Top Fund? I need to put in 100 million won tomorrow.”

“Hey, what’s 100 million? I’ll put in 1 billion.”

“Is it worth 10 billion?”

Kang Han-soo made a promise as the room was rumbling.

“You can put in all the money you have! I’ll multiply it by 10 times!”

Everyone was checking out Petanos’ website and praising it as a great company.

It was the same for HyunA Sol.

She also checked Ellie Short on her phone and muttered with an admiring look in her eyes.

“She’s so pretty! And she’s smart too. I think MZ Securities, which invested in Petanos, will win. What should I do?”

“Investing can’t be that easy.”

Nam Woon-myung checked Ellie Short on his phone.

His brow furrowed slightly.

It wasn’t Yoon Se-bin who didn’t know about that reaction. He was on edge because the return competition between Byglobal Fund and Global Top Fund was on the line.

“Why? Is it weird?”

“This woman… is a con artist.”

“yes?”

“I told you then, Silicon Valley is full of scammers.”

“A female Steve Jobs? Forbes confirmed it.”

“Trust my eyes. If I’m a fraud, I’m a fraud.”

“ah!”

Yoon Se-bin couldn’t find anything to refute.

“But the people over there right now, are you saying you’re going to put money into the MZ Global Top Fund?”

“I think so.”

“It seems like everything is going to fail… Should I stop it?”

It doesn’t matter if Kang Han-soo fails. It’s okay for a guy like that to fail.

It doesn’t matter if those who follow Kang Han-soo also fail.

But it’s not like there are only people who like Kang Han-soo here. Judging from the atmosphere, it seems like Kang Han-soo’s investment advice has been right up until now.

Yun Se-bin understood Nam Woon-myung’s concerns.

She locked eyes with Nam Woon-myung and jumped up.

“You should never invest in Petanos!”

People’s eyes were suddenly drawn to her who had intervened.

Kang Han-soo said with a bitter smile.

“Isn’t it a shame that the Global Top Fund is doing well?”

“No, it’s because Ellie Short is a fraud. Petanos doesn’t have that kind of skill.”

“Haha, you’re already starting to check me because I’m showing signs of losing in the fund competition? No matter what, you shouldn’t slander someone just because they’re prettier than you. She’s a graduate of the prestigious Stanford University and on the cover of Forbes! How can she be a fraud?”

People around him even gossiped that Yoon Se-bin was lying because of the confrontation.

“that is…….”

“If you want, I’ll hand over the fund match to you. If you withdraw now, it’ll be less of a problem.”

The focus was again on her and Kang Han-soo’s fund battle. Whether Ellie Short was a fraud or not was of no interest.

Yoon Se-bin sighed. There was no need to curse and save the foolish person.

“Anyway, I warned you. Don’t invest in Petanos!”

“Think about the Baiglobal Fund. It might fail. Oh! It’s already failed. I heard the general public is completely indifferent.”

I heard some blatant disparagement.

Yoon Se-bin gave up on persuasion and returned.

Nam Woon-myung held her hand tightly.

“We don’t need to care about others.”

Choi Da-eun, who was watching the situation, asked.

“Then, you’re saying I shouldn’t put money into the MZ Global Top Fund?”

“It’ll probably break in half at least… so you absolutely can’t put it in.”

Nam Yun-myeong said with confidence.

Choi Da-eun said with a smile.

“I almost got into big trouble. I almost invested money for nothing. I should have bought a Byglobal fund.”

The uproar that had broken out was silenced by the persuasion of the organizers of the meeting, Cha Woo-chan and Lee Eun-mi.

Nam Woon-myung looked at Kang Han-soo, who was still raising his voice among his supporters, with a look of pity. The ending of someone who did not understand his own subject was predetermined.

* * *

Kim Hak-yong, head of the future headquarters of Bukseong Group, has recently noticed strange signs.

The stock price movement of the Bukseong Group was different from usual. Recently, the stock price movement of its affiliates has not been good. This is because general investors have turned away from it due to inheritance tax and improvement of governance structure.

But surprisingly, the stock price of Bukseong Construction was rising little by little. The operating performance was mediocre, and the stock price of the construction industry was also in a bad state overall.

“What on earth does this mean?”

Bukseong Construction is also the affiliate that holds the largest number of shares in Bukseong Chemical Energy, the core of the group and the center of Bukseong Group, in which CEO Seop currently holds the largest stake.

He mobilized all of his headquarters staff to determine the cause of the abnormal air current.

Finally, I discovered something surprising.

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He organized the findings and went into the president’s office.

As usual, President Hyun-Seop greeted him while sinking deep into his chair.

“Chief Kim, when will I be able to assume the position of Chairman? I can’t leave the position vacant for a long time, right?”

Currently, Hyun-Seop Hyun’s biggest concern is taking office as president.

It was not hard to understand the impatience, as quite some time had passed since Chairman Hyun Man-heum’s death.

“It still takes time. The prosecution’s investigation into the listing of Bukseong Market has not yet been concluded.”

The investigation into Bukseong Market was in full swing due to suspicions that the company’s accounting had been manipulated in order to go public. Of course, in the beginning, they pretended to investigate diligently under pressure from public opinion, but now it has degenerated into a mere pretense of investigation and there has been no actual investigation.

As time goes by, the listing scandal will be covered up.

“So when is that time?”

“If rumors spread that you are taking office as chairman now, public opinion will be in an uproar. You should wait until the public completely forgets about you.”

“Ugh!”

“There is no benefit in haste.”

“I wonder if they are doing any work or not…….”

Kim Hak-yong, who saw through Hyun Jae-seop’s mind, who was just waiting for the day he would become the chairman, sighed inwardly.

The reason I came here again came to mind. Should I say this?

Hyunjae Seop asked after reading the hesitant expression.

“Why? Are you having any problems these days?”

“That, that…….”

“say it.”

“There is a force that has recently been acquiring Bukseong Construction.”

Hyunjae Seop snickered.

“We own half of Bukseong Construction. It’s a structure that no one can attempt a hostile takeover. Who’s going to buy it?”

“That, that is… the internal forces. The younger sister, Hyunjae Eun, and the second oldest, Hyun Aram.”

“What? What do you mean?”

“It seems that my daughter, Hyun Ah-sol, and my son, Hyun Chang-min, are also involved.”

Hyunjae Seop frowned.

“Why are they suddenly buying Bukseong Construction?”

“I don’t know for sure… but I think it’s an attempt to block Hyun Chang-yoon from being nominated as the successor.”

“Ugh, does that make sense? How much money do they have if they all get together? Now they’re openly protesting and demanding that they inherit the property.”

Hyun-Seop Hyun believed that the group’s power should be concentrated on himself, so he had no intention of passing it on to any of his children other than Hyun-Chang Yoon.

Kim Hak-yong expressed his concerns.

“That’s not necessarily true. If they were to recruit Ms. Joo Do-hee…….”

“That doesn’t make any sense! Why did my mother abandon me and push the children?”

“Think about it carefully.”

A look of discomfort appeared on Hyunjae Seop’s face.

Kim Hak-yong found it difficult to touch that part.

Hyunjae Seop is not the son born to Joo Do-hee. On the other hand, Hyunjae Eun was born to Joo Do-hee. Since Hyunjae Eun was neglected in the inheritance distribution, the union between Joo Do-hee and Hyunjae Eun was not an impossible event.

Hyunjae Seop, who had been silently concentrating on his calculations for a while, asked.

“How much stock do I currently own in Bukseong Construction?”

“It’s 20%.”

“Isn’t there a 10% stake held by Bukseong Oil?”

“We handed it over to Korea Asset Management. They said they are converting to a holding company system.”

“Won’t Korea Asset Management raise my hand?”

“I can’t guarantee that. It’s customary for private equity funds to not get involved in family feuds between owners…….”

Kim Hak-yong, who witnessed Yoon Se-bin’s firm attitude at the meeting, predicted that Korea Asset Management would remain neutral.

In normal times, Hyun Jae-seop’s rebellion would not even reach the level of a breeze, let alone a typhoon. Unfortunately, he targeted the time when Hyun Jae-seop was at his weakest due to the inheritance tax and the reorganization of the holding company.

“How much did you buy?”

“Only about 4% of each is visible on the outside…….”

Currently, Hyun Ah-ram, Hyun Chang-min, and even Hyun Ah-sol. They all own 16%. They can defend their 20% stake. If necessary, they can instruct Hyun Chang-yoon to buy it.

“Even if I try…….”

“Mrs. Joo Do-hee’s share is a variable. Moreover, it is difficult to say that the revealed share is all…….”

“These guys dare to rebel against their parents?”

Kim Hak-yong sighed inwardly.

Because the person who rebelled against his father was none other than President Hyeonjae Seop. Like father, like son.

It is too much of a burden to dismiss it as a trivial rebellion.

In addition to the internal discord within the family, most of Seop’s current assets are held as collateral by banks to pay inheritance tax.

On the other hand, the children inherit some of the money and are left with an abundance of money.

“It hasn’t been revealed yet, but you should keep an eye on it just in case.”

“Ugh!”

Hyun-Seop Hyeon, who was feeling uneasy, sank deeper into his chair.

Kim Hak-yong, who had served Hyun Jae-seop for many years, fully understood the situation.

No matter how you feel, you have to prepare for it. The only way to do that is to increase your stake in Bukseong Construction.

Since there is no spare cash left, some of the stocks in other affiliates must be sold.

Hyunjae Seop opened his closed eyes with a start.

“What could be worth money?”

“If you want stocks that can be sold immediately, there is Bukseong Distribution. Since Bukseong Chemical Energy holds a large stake in Bukseong Distribution, there will be no problem selling it.”

The core of the Bukseong Group is Bukseong Chemical Energy, and its major shareholder is Bukseong Construction. At present, with limited financial resources, it is right to focus on Bukseong Construction.

Since the other affiliates have shares connected to each other, it is difficult to attack them from the outside anyway. The problem is internal.

Kim Hak-yong mentioned Bukseong Pharmaceutical and Bukseong Bio.

These two companies have apparently been transferred from Hyun Chang-min to Hyun Ah-sol. However, they are still in the hands of the owner’s family. Bukseong Construction and Bukseong Distribution will be no different.

“Okay, I’ll sell some of the stocks I own and make some cash. I’ll use that money to buy more shares in Bukseong Construction. These guys are causing me a lot of trouble…….”

Kim Hak-yong also believed that the method chosen by Hyun-seop was the best.

Kim Hak-yong read the anger on Hyun Jae-seop’s face.

He would soon call a family meeting and drop a tantrum, which he believed was the inevitable growing pains that come with the transition of power.

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