God of Corporate Hunting - Chapter 205



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◈ Episode 205 Petanos (2)

The next day, Vectorfly’s new product, the VF-3, successfully completed its range test.

The VF-2 had a range of 200 km, while the VF-3 had a range of 400 km. This was more than enough for urban transportation.

In particular, regular passenger routes between the airport and the city center are at a perfect round-trip level.

That night, Vectorfly held a celebration party.

The celebration party was nothing more than a barbecue party held in front of the hangar where the VF-3 was stored.

While laughing, chatting, and drinking, Nam Woon-myung discussed his next investment with Bae Joo-hyun, Ron, Alex, and Ji Seon-jae.

“You said you were pursuing eVTOL shuttle permits centered around LA?”

“This is an ambitious initiative by LA authorities. They will be the first in the world to introduce eVTOL.”

“We are also looking forward to it.”

“Even if LA rejects it, there are cities all over the world that would adopt it.”

Ron’s confidence is trustworthy.

“Then shouldn’t we be thinking about mass production now?”

“That’s true, but…….”

Vectorfly’s engineers are solely focused on development and are therefore ignorant of mass production.

Nam Woon-myung answered, tapping Bae Joo-hyun on the shoulder.

“The hydrogen fuel cell engine will be supplied by Daehan Hydrogen Engineering. And some important parts can be manufactured by Vectorfly itself. The biggest problem is the fuselage…….”

At first glance, it looks like a cable car, but it is not usually a cumbersome part. Above all, it has to be strong and light. In fact, it is more difficult than an airplane fuselage. In addition, the rotors attached to the wings require technology that is one step more advanced than that of a drone.

If you want to make it quality, it would be best to use an existing aircraft manufacturer like Boeing… … .

“How about if Daehan Hydrogen Engineering also takes responsibility for the fuselage?”

“Us? A ship is like an airplane?”

Bae Joo-hyun pointed at herself with a puzzled expression.

“The basic body will be made in China. The important parts and finishing will be done in Daehanjoseon. Since the processing equipment is already prepared, it won’t be that difficult for Daehanjoseon to do it.”

“That’s true, but… in China?”

“A Chinese machine tool manufacturer is up for sale. If we acquire this company and replace its lines, we should be able to produce more easily.”

Recently, there have been many companies in China that have gone bankrupt due to sluggish exports and overcapacity. If you choose the right company, you can utilize production facilities with a small investment.

“Ah! So you’re saying that Daehan Hydrogen Engineering will be in charge of acquiring that company.”

“Yes. It’s too much work and too tedious for Vectorfly to handle. Vectorfly can just continue with development work.”

I agreed with Nam Woon-myung’s argument because I was concerned about the problem of mass production of Rondo.

It was difficult to produce them directly, but it was also difficult to entrust cutting-edge parts to just anyone.

“Of course, we will guarantee sufficient profits for Vectorfly.”

Since Vectorfly and Daehan Hydrogen Engineering were all Namunmyeong’s companies, it didn’t matter where they made the most profit.

The acquired Chinese company can be placed as a subsidiary of Daehan Hydrogen Engineering and then made independent as a separate precision processing company.

“But what company is it?”

“You know, there was a company we acquired in China before because of hydrogen technology?”

“Yes, there is something called Chinese chemical technology.”

At that time, Bae Joo-hyun and Park Han-sik, the president of Daehan Hydrogen Engineering, took over the company after much hardship in China. Of course, this company also made a great contribution to the development of hydrogen fuel cell engines this time.

“There is a processing company called Junghwa Automatic Machine located one block away from that company. It was a company that installed the latest processing equipment, but then went bankrupt when the supplier went bankrupt…….”

Nam Woon-myeong released the data of the company that Jeong Seon-yeong had finished investigating. They had been preparing for mass production since investing in Vectorfly.

Bae Joo-hyun frowned.

“Really? Are you telling me to go to China again?”

“Who else would go if not Mr. Bae? The person with the final decision-making power should go.”

“Eww! Why did you bring me all the way here?”

“Tomorrow Ron will take you on a ride in the VF-3. Once you ride it, you’ll be willing to go to China and back, even if it means running all the way.”

Bae Joo-hyun couldn’t take her eyes off the VF-3, which was showing off its mighty figure beyond the barbecue.

I know that feeling. eVTOL has a power that makes you want to ride it once you see it. It is much more tempting than the rides at an amusement park. And even if there are people who have never ridden it, there is no one who has ridden it only once.

“Ha! This… I think it’s probably entangled?”

“If you get on the VF-3 tomorrow, you will be so moved that you will say, ‘This is happiness.’”

Bae Joo-hyun has been so busy traveling abroad lately that her business trip to China is no different from visiting her neighbors.

Bae Joo-hyun, who was acting cheerful, asked.

“Then what are you going to do?”

“I’ve achieved what I came here for, so I should go to New York.”

“What are you doing there?”

“While I was looking around the New York branch, I decided to check out the investment briefing session for Petanos, which Vice President Paul of Advanced Capital was investing in.”

Nam Yun-myeong muttered while chewing the meat.

Coincidentally, there are many people involved in Petanos.

* * *

Nam Yun-myeong flew to New York alone.

When I arrived at the New York office, it was bustling with employees.

In the former New York branch of Mega Asset Management, there was only one branch manager working in an office of about 10 square meters. Of course, right next to it was another asset management company, Korea Asset Management.

The company that used to be like that has changed dramatically.

“The office next door went out of business and was put up for sale. I quickly took it over.”

Nora, the branch manager, took him around diligently and guided him.

The office next door was also an investment firm, but they said that they invested excessively in futures options and recently received a margin call and went bankrupt.

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As Mega Asset Management and Korea Asset Management were short on office space, they immediately expanded.

If I was lucky, I could say it was good… … .

‘If I go into the office of a failed company, won’t it also fail?’

Nam Woon-myung, who was worried for no reason, checked Nora’s face.

With an expression that showed no concern at all, Nam Yun-myeong reproached himself for believing that such superstitions only apply in Korea. This is America, so we must follow American superstitions.

“How many employees do you have in total?”

“Mega Asset Management has fifteen, and Korea Asset Management has twenty.”

He also knew the internal affairs of Korea Asset Management like the back of his hand. This is evidence of how close the two companies are.

“Most of them were newly recruited this time. There were a ton of applicants because they said they were going to manage the Abu Dhabi sovereign wealth fund.”

I was worried because Nora Lewis and Daniel Miller’s careers were not that great in this industry, but it seems there were no major problems. At least the headquarters was relieved because Seon Yoon-ah was there.

“Can I first see the head of Mega Asset Management’s investment division?”

Nora, the branch manager, and the head of the investment division could be said to be the two leaders who lead the New York branch.

A man with a clean face approached and greeted me.

“I’m Richard Wyden, your investment director. Nice to meet you.”

“My name is Nam Woon-myeong. I am a director at the headquarters.”

As I was introducing the title, there was no particular department that Nam Woon-myung was in charge of. This is because he was like the CEO of the company, holding the decision-making authority in all areas, and working in various places at any time. It seems that I will have to arbitrarily create a department for the sake of the introduction.

Richard treated him with respect, as if he knew his status through Nora.

“I’ve heard a lot from you.”

Nam Yunming quickly read his opponent’s fate.

I remembered my date of birth because I received your resume when you were hiring.

Although he was older than Nora, he was open-minded and quite capable. He was more than capable of leading the branch.

A satisfied Nam Woon-myeong received a brief report on the investment performance from Richard.

The New York branch currently operates three types of funds. There is the Mega Asset Management self-asset fund that was created when it was first established. Most of the assets in this fund were transferred to him by Yoon Do-cheon.

The next is the $7.5 billion invested by the Abu Dhabi Investment Authority. The third is the Byglobal Fund that was recently listed.

They are all important funds. They put the money that suddenly poured in into U.S. Treasury bonds and some of it into promising company stocks around the world. They said they would gradually increase the proportion of stock investments.

Since there was nothing else to point out, Nam Woon-myung met with the other employees.

There were no particularly problematic employees at Mega Asset Management. This was because he had received resumes in advance and checked their appearance before hiring.

“I look forward to seeing what the New York branch does. They are doing much better than expected.”

Nam Yunming was sincerely grateful to Nora and Richard.

Now is the time to review Korea Asset Management.

Korea Asset Management’s office was slightly larger than Mega Asset Management’s and had slightly more employees.

Fortunately, when I told them I was from the headquarters of Mega Asset Management in Seoul, everyone welcomed me warmly. It seems that Korea Asset Management and Mega Asset Management are on good terms here too.

Nam Yunming deliberately greeted each person one by one to check their fortunes. Since he did not know their dates of birth, he could not read their fortunes.

I didn’t see any particularly problematic personnel.

I knocked on the office where Seon Yoon-ah was supposed to be. Unfortunately, she was out of the office.

Finally, he knocked on the branch manager’s office.

The branch manager’s name… I barely managed to remember it. It was Daniel Miller.

I opened the door and went in, and there were three people gathered inside having a meeting.

One was Daniel Miller, the other was Sun Yoon Ah.

“Oh my! Mr. Nam Woon Myung!”

Seon Yoon-ah greeted him with surprised eyes. Her eyes were clearly welcoming him.

Nam Yunming shook her hand and greeted Daniel. He knew her, of course, since he had seen her when she was appointed.

The last remaining person was someone I had never seen before.

“This is Todd Schumer. I am currently serving as Deputy Chief Operating Officer.”

Nam Woon-myung, who was shaking hands absentmindedly, noticed something strange about Todd.

It’s ambiguous to call him a fraud, but he was not a person who suited investment. He was stubborn and had a lot of self-esteem. He was the type who rarely changed his mind once he made a decision, even if it was wrong.

Above all, he was a person who had no luck.

If a person like this sits as vice president, there’s no way the company will run well.

“Yes, nice to meet you. I see you were in a meeting?”

“Yes, I was thinking about whether to invest in a promising company. It’s a pre-IPO investment… It’s a company that will be listed on NASDAQ within a year at the latest.”

Todd explained diligently.

“Who discovered this company?”

“Haha! I did it. I think it’s the first time I’ve been paid my salary since I joined the company.”

I was interested in the company Todd had photographed.

“Can I… listen to it?”

Todd frowned and showed his displeasure.

It’s a natural reaction, since someone from the company next door is trying to eavesdrop on important confidential information.

Seon Yoon-ah noticed and stepped in to mediate.

“Director Nam is practically an executive of Korea Asset Management. He knows the company’s situation better than the employees. He has actually been involved in many of our projects. He can attend meetings without any problems.”

“Well, still…….”

Daniel, the branch manager, stopped Todd, who was hesitant, and made room for him.

“While you’re here, please rate it.”

Todd had no choice but to hand over the meeting materials to Nam Woon-myeong.

“The company we are investing in this time is Petanos. It is a medical venture based in Silicon Valley that is very popular, and its fame has grown even more since CEO Eli Short appeared on the cover of Forbes. With this momentum, we are now accepting applications for investment.”

Surprisingly, Petanos appears here too!

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