God of Corporate Hunting - Chapter 209



Only Noblemtl
Read Novel Noblemtl

◈ Episode 209 Investment and Investment (1)

Financial institutions, whether securities firms or banks, start their work early in the morning.

The New York branch was the same.

Get to work early and gather all the investment information and make plans before the market opens. Assign tasks to your employees accordingly.

However, once the financial market opens, it becomes quiet as each person carries out their duties.

This place was no different from Korea.

Nam Woon-myung went to work early and observed the morning at the New York branch. Yoon Se-bin will also be closely observing the employees at Goryeo Asset Management.

“Not bad.”

Even though it was only recently established, it was well organized. This is proof that Nora is doing a good job with her role.

The peace was broken by an unexpected intruder.

“Oh! I see! This is it! Does it look good?”

Kang Han-soo, CEO of MZ Securities. I saw his face at the investment briefing session, and I thought he had returned to Korea after the session, but he showed up here as soon as Monday came.

Kang Han-soo glanced at the Mega Asset Management office through the glass door and took a step to the side. This means that his target is not Mega Asset Management, but Korea Asset Management.

Nam Woon-myung followed the guy stealthily, feeling that something interesting was about to happen.

Likewise, Kang Han-soo went into Korea Asset Management and was looking for Yoon Se-bin.

I don’t know why he keeps picking on Yoon Se-bin. Is it an expression of interest?

“The problem is that the office is small.”

This was Kang Han-soo’s first impression after looking around the office.

Yoon Se-bin answered without paying any attention.

“It’s not that long since it was established. It’s hard to compare it to a long-established securities firm with capital. I think it will catch up in a few years.”

“Haha! Is that really true? Our MZ Securities operates local corporations in New York, Hong Kong, and London. It would take ten years for Korea Asset Management to reach that level, right?”

This is Kang Han-soo’s unique way of speaking that subtly belittles the other person.

“It’s possible even in ten days, not ten years. We can take over the local corporation of Korea Investment & Securities immediately.”

Yoon Se-bin didn’t support it either.

Kang Han-soo nodded his head with a sly smile.

“I guess so. Anyway, to raise employee morale, we need to get a bigger office. We may be like that, but the employees here might feel intimidated compared to other financial institutions’ offices.”

Still, Kang Han-soo, who is an international expert, looked around the office and pointed out various problems.

Nam Woon-myung quietly overheard the conversation between the two people from behind.

I don’t know where Kang Han-soo lost his manners. He can visit the office, but he says more bad things than good things.

“The Byglobal Fund is also managed here?”

“That’s how it is with foreign transactions.”

“Half of our Global Top Fund is also managed by foreign local corporations.”

Kang Han-soo boasted about it.

“I don’t think office size is an indicator of performance.”

“Haha, of course. So how is the performance of the Byglobal Fund? You won’t forget your bet, right?”

“Do you remember? The Global Top Fund?”

“We are just getting started. We have invested half of our money in Petanos. The investment briefing is over and the investment is complete, so now all that is left is to fly. If we complete the NASDAQ listing within half a year, we will have a return that even the Byglobal Fund cannot dare to surpass…….”

Petanos’ boasting came out of Kang Han-soo’s mouth again.

It was when Kang Han-soo started bragging again while looking at Yoon Se-bin, who was shaking her head, with a pitiful look in his eyes.

“Representative!”

Seon Yoon-ah called Yoon Se-bin in a hurry.

“yes?”

“This… I think you should take a look at it?”

Seon Yoon-ah’s complexion was unusual.

Yoon Se-bin quickly moved to Sun Yoon-ah’s table, and Kang Han-soo followed behind. Naturally, Nam Woon-myung also joined in, his curiosity exploding.

There was a news article on the monitor.

It was an article written by John from the Wall Street Journal.

“The fraud of the century! The female Steve Jobs of Silicon Valley! It was all a fraud!”

“The technology to diagnose 250 diseases with a single drop of blood did not exist! According to a Petanos headquarters employee, there is no technology currently being researched and no related papers have been published or written.”

“The money received was used for supercars and land speculation, and the place where the factory was said to have been built turned out to be nothing more than a cornfield.”

“A number of investors were fooled into investing billions of dollars by a fraudster who shook up Silicon Valley! Petanos, once estimated at $9 billion, was virtually worth zero.”

The journalist John’s ability was amazing. He exposed all the lies clearly over the weekend. He conducted urgent reporting and obtained evidence based on the clues that Nam Woon-myung pointed out. The article was full of confidence.

Kang Han-soo’s face turned pale as he checked the monitor.

“This is not it! Something is wrong!”

“It’s an obvious ending. Didn’t I warn you back then? That you don’t trust Petanos.”

Yoon Se-bin summarized in a cold voice.

“There’s no way that woman is a con artist!”

“It’s true that beauties who are good at talking are dangerous.”

“I checked thoroughly……. Even the major investment banks said it was certain…….”

There is a limit to what can be confirmed through documents without actually going out. Since we only verified it based on rumors floating around in Korea, it is impossible to have properly confirmed it.

“So how much did you invest?”

“In addition to 500 billion… ugh!”

Kang Han-soo’s screams as he grabbed his hair with both hands would not stop.

No matter how certain the stock is, if you focus so much on one company, risk management becomes a problem. This is an iron rule that investors must follow, but MZ Securities overlooked the basics. It is all the result of the instigation of the reckless CEO.

Yoon Se-bin shook his head as if he was dumbfounded and exchanged glances with Nam Woon-myung, who was standing behind him.

The expression on his face is one of admiration for Nam Woon-myung’s foresight in recognizing the conman from the beginning.

This makes the performance competition between Byglobal Fund and Global Top Fund meaningless. Global Top Fund suddenly lost half of its investment, so recovery is far away.

Wouldn’t it be fortunate if the fund is not dissolved immediately after receiving protests and criticism from ordinary investors who participated in the public offering?

* * * * * * * * * * * * * *
* * Baca Novel Korean * *
* * * Noblemtl dot com * * *
* * * * * * * * * * * * * *

MZ Securities’ reputation has also been ruined, and it will be difficult for Kang Han-soo’s personal reputation to recover for the time being.

Even if they hadn’t raised an issue with Korea Asset Management, it would have been clearer that it was a scam.

At Kang Han-soo’s scream, even Nora came running from the office next door.

Nora, who had confirmed the situation, whispered to Nam Woon-myung.

“I knew this was going to happen when the CEO said it was a scam. Is that Ellie Short? She looks like a scammer, doesn’t she?”

After the Wall Street Journal article was published, follow-up articles from other newspapers were published.

Petanos and Eli Short quickly dominated financial news, with the public joining Eli Short in condemning the greedy investor’s outrageous mistakes and immorality.

“If it were your own money, would you invest it like that?”

“The miserable ending of men who were played with by beauties.”

“It’s really easy to make money. With just a three-inch tongue, you can make as much as 9 billion dollars!”

“Ugh! I can’t tell the difference between money and toilet paper!”

“Atlantic and Pacific ocean water levels are rising! More than a few people are jumping in.”

Kang Han-soo couldn’t come to his senses for a while.

* * *

As planned, the New York branch of Korea Asset Management laid off Todd Schumer, deputy general manager, and one employee.

There was also the issue of Petanos, but it did not fit with the culture of Korea Asset Management. Employees were shaken because it was the first resignation since the New York branch was opened.

Yoon Se-bin encouraged his employees and promised incentives.

In the midst of the chaos, Kevin Brun arrived as scheduled.

Nam Woon-myung welcomed Kevin together with Nora.

“What’s going on?”

Kevin asked with a worried look on his face in the chaotic office atmosphere.

Nora answered.

“The Petanos I saw back then turned out to be a fraud.”

Kevin didn’t look surprised at all.

“I knew it. I thought there was a 50/50 chance it was a scam.”

“yes?”

“A real developer doesn’t act like that woman. People in Silicon Valley have this instinct. They know if you’re a swindler who just talks the talk, or if you’re a developer who’s pursuing a technology that has real potential. When I heard Eli Short speak that day, I thought it was a little strange.”

The saying that half of Silicon Valley’s population is comprised of scammers wasn’t an empty lie.

There was another person who saw through Eli Short like Nam Woon-myeong.

Kevin handed them the papers.

“I have written down the concrete business plan for the robot business that I have been thinking about.”

Nam Woon-myung checked the first page or two. The content of the document was not important anyway. The Kevin he saw was not a fraud.

“Kevin, we thought about it over the weekend. The robot you’re developing will definitely surprise the world. In fact, the foundation for it is already in place. We already have the AI ​​and a great battery to equip the robot.”

Artificial intelligence is being developed by the Korea Future Research Institute. High-density lithium batteries can be developed by Bukseong Chemical Energy. Of course, Bukseong Chemical Energy is not in his hands yet, but it will soon be incorporated under Mega Asset Management.

“ah!”

“So you just focus on developing your robots. We’ll take care of everything else. We’re going to set up a company that will do everything from recruiting the developers you need to producing the prototypes you need and testing them. How about that?”

“Joe, great. That’s exactly what I wanted.”

I don’t know exactly what Kevin’s dream is. Is it to develop robots and become a billionaire, or to gain that fame? Is it to become the CEO of a giant company that produces robots, or the director of a research institute that develops robots?

Whatever your dream, Nam Woon Myung can make it come true.

“Have you decided on a name and location for the company you plan to establish?”

“The location is good in Detroit. The automobile and mechanical industries are well-established. And the name is…….”

Kevin looked around, as if he hadn’t thought of a company name yet, and finally answered.

“Mega… I’ll do it with Mega Robotics.”

Megarobotics! It is an unspoken pressure from Mega Asset Management to provide all the investment funds.

“Let’s do that.”

Nam Yun-myeong also readily agreed.

Since it is a startup investment, there is actually no big burden.

After signing and shaking hands, Kevin asked,

“But what are you investing in me for? Could I be a fraud like Eli Short?”

“Our CEO is good at identifying scammers.”

Kevin’s eyes regained stability at Nora’s answer.

Of course, I can’t answer that I saw your fate. Instead… … .

“I sense passion and success from you. That’s all.”

* * *

After Nam Woon-myung left, Nora called Dan Kirk of Big Rich Capital.

It seemed like he was busy and didn’t pick up even though the bell rang for a long time, but it finally got through.

[Nora!]

“Mr. Kirk! Are you okay?”

[No, that’s not okay. I got a total fatal blow. I made five times as much money, and it all went down the drain overnight! This can’t be real, right?]

The Petanos incident also completely destroyed one of BigRich Capital’s funds. And at the center of it all was Dan Kirk.

“I offer my deepest condolences.”

[But you are the only one who can comfort me. There is chaos around me right now because they can’t chase me away.]

With the Petanos incident breaking out following the Soap incident, it was easy to imagine the predicament Dan Kirk was in.

Will he be able to keep his position this time? Even though Dan Kirk is an executive at BigRich Capital, repeated mistakes are hard to tolerate.

However, changing jobs is not easy because you are always labeled as the main culprit who ruined the fund.

[Uh-huh-huh! Nora! What do I do now?]

Kirk’s cries on the phone seemed to remind me of the ruthlessness of the financial world.

“Mr. Kirk, the harder it is, the more you need to pull yourself together. There’s still a lot of work for you to do.”

[No, I’m done!]

Read Novel Noblemtl
Read Novel Noblemtl