God of Corporate Hunting - Chapter 212



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◈ Episode 212 Investment and Investment (4)

[I’m Changyoon. What happened?]

“That, that…….”

[Petanos! Aren’t my funds in there too? I took all the overseas slush funds and sent them to you?]

After Chairman Hyun Man-heum died, he distributed the slush funds hidden overseas to his grandchildren. It was originally meant for Hyun Chang-yoon and Hyun Chang-min, but due to Hyun Jae-eun’s opposition, he had no choice but to distribute them to all his grandchildren.

Of course, the distribution was on paper. Since it was overseas slush funds, there was no label and it was not brought into the country, so it was not actually deposited into each person’s account.

If I hadn’t received it at all, I wouldn’t know, but since I received a lot and then the amount decreased, I felt like I received unusually little.

So, Hyun Chang-yoon tried to roll over the money and make a profit before distributing it.

He sought out the most investment-savvy person in the area, Kang Han-soo, the president of MZ Securities.

The answer is Petanos.

Since the value would not fall until it was listed on NASDAQ, it was enough to just make a small profit in the short term and then get out.

“Yeah, that’s right.”

Kang Han-soo did not miss the opportunity to look good to the successor of the Bukseong Group. He collected only the slush funds of the Bukseong Group and invested them in Petanos. Separately from the Global Top Fund. He planned to sell the shares he bought this way and get out right before the IPO announcement.

The operation was perfect. Until the accident happened.

[But what does this mean? The greatest Silicon Valley scammer? Did you get scammed?]

“I, I don’t know. There was no problem when I went to New York over the weekend.”

[You punk! Can you just say you don’t know? Do you know what kind of money that is?]

After I had been hurling a torrent of curses at him, the call ended.

Kang Han-soo stood there for a while, dazed, holding his cell phone.

I was in a terrible mood. Ellie Short, who I had seen at the investment briefing that day, was a perfect beauty. Who would have thought that such a woman would hit me in the back?

I was completely out of my mind because even the North Star slush fund disappeared into thin air in the Global Top Fund.

I searched the news on my phone, hoping to see if there was even a positive outlook.

I sighed.

“Korea Investment & Securities’ Byglobal Fund recently surpassed 15% in return in the past month!”

“The global investment strategy is working.”

“In contrast to MZ Securities’ Global Top Fund, which was bitten by Petanos. According to an anonymous source, there was an investment return game between the two securities companies that issued Byglobal Fund and Global Top Fund. Byglobal Fund won by a landslide!”

“The real power behind Korea Investment & Securities Group, which designed the Byglobal Fund, is Yoon Se-bin, CEO of Korea Asset Management! Rising as an icon of innovation in the financial world!”

Below that, there was a series of articles comparing him and Yoon Se-bin.

Why did the Byglobal Fund come to mind? It received a lot of attention, compared to the failed Global Top Fund.

On the other hand, Global Top Fund and he were branded as fraudsters who defrauded investors.

“T, this isn’t it…….”

Kang Han-soo expressed his anger, but there was no way to control it right away.

* * *

When Nam Yun-myeong returned to Korea, the first thing he met was KMM Do Myeong-jin.

I sat down at a coffee shop near the building where KMM Investment’s office is located and waited for Do Myeong-jin.

He said he would come down later, but he hasn’t shown his face yet. He must be busy with something.

Nam Woon-myeong read an article comparing Global Top Fund and By Global Fund that appeared in the news.

I was reminded of Kang Han-soo, whose face turned pale and he looked dazed.

“Don’t be so provocative.”

I didn’t feel sorry for the other person. If I hadn’t provoked him and Yoon Se-bin so rudely at that time, the result might have been different.

When I see what Kang Han-soo did that day, I feel like it’s karma.

In any case, the Global Top Fund will virtually go through the process of dissolution, and the fund management personnel will be investigated by the prosecution.

Among the related news, an article introducing the Byglobal Fund caught my eye.

Yoon Se-bin’s face was printed large in the middle of the article. Her unique beauty caught my eye.

“The photo is nice!”

The article also received heated responses.

“She’s a goddess!”

“Oh! The icon of financial innovation! The icon of beauty!”

“You’re the third generation of the Korea Investment & Finance Group? Born with a silver spoon in your mouth and good looks! What else do you lack?”

“I’m a fan of Yoon Se-bin from today! She’s so pretty that she crushes celebrities! All celebrities are on their knees!”

“Does Yoon Se-bin have an Instagram? What about Twitter? I’ll follow you from today.”

“Where is the bag that Yoon Se-bin is holding?”

“ByGlobal Fund’s returns are exploding! I should have joined sooner!”

Suddenly, Yoon Se-bin became a star.

This photo was probably intentionally spread by Korea Asset Management or Korea Investment & Securities. Since she is determined to grow the Byglobal Fund into a global fund, this is also part of her strategy.

Because her beauty appeals to the public. It may be the fastest way to become famous.

Nam Woon-myeong also thought that her strategy was not bad.

Even a fraudster like Eli Short built a $9 billion company with his red face, so there was faith that Yoon Se-bin, who had the ability to back him up, would grow even bigger.

As I stared at Yoon Se-bin’s photo, my last night in New York came to mind.

“He looked a little disappointed somehow…….”

Of course, Nam Woon-myung didn’t think seriously about what happened that day. He just said the right thing. The reason was that he still thought Yun Se-bin was a different person from him, from another world.

I was smiling for no reason because I felt good, and Do Myeong-jin sat across from me with a cup of coffee.

“What are you doing, splitting the pieces into two?”

“Huh? Oh! Hello?”

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“You may be okay, but I am not okay.”

“why?”

“By Global Fund, you say it’s doing well? We’re just making a killing.”

Do Myeong-jin let out a deep sigh.

Nam Woon-myung also had a rough idea of ​​the situation.

When interest rates rise, the investment industry runs out of money. If you deposit money safely in a bank and get regular interest, who would take the risk of investing?

This applies not only to ordinary people but also to institutional investors. In addition, the risk of default of the companies that invested or loaned money increases.

So many LPs are turning away, and the private equity industry is in trouble.

KMM Investment is no different. However, Korea Asset Management and Mega Asset Management have recently become wealthier due to the influx of funds from Abu Dhabi.

“What’s the problem?”

“There has been a flood of requests from LPs asking if they can get their funds back.”

As expected.

If you receive a request for early repayment of funds, you will have to wrap your head around it. Of course, you are not legally obligated to return the money, but it is difficult to ignore it because you will have to continue to attract money in the future. As a result, you may not be able to continue investing as planned.

“Should I just give it back?”

“Do you think we’re the same as you? There’s no money in the market these days. In the meantime, pouring money into the restructuring of the Bukseong Group… I told you not to get involved.”

Like Korea Asset Management, KMM was also requested by Bukseong Group as it is a private equity fund friendly to Bukseong Group.

Korea Asset Management received the shares of Bukseong Construction held by Bukseong Oil Refinery, and KMM was curious about how it intervened.

“How did you get involved with the Bukseong Group?”

“Not a lot, like the last time with the Bukseong AF Tech.”

“We bought that for you, didn’t we? Do you have more?”

In fact, that was the main reason why Nam Woon-myung met Do Myeong-jin today.

Do Myeong-jin continued to list them as if he was venting his anger on his boss.

“There are several. Bukseong must be a very large group. Among them, there is Bukseong Bio stock… This is the biggest problem. It’s too big.”

“Where is it?”

“The owner’s family and Bukseong Chemical Energy’s Bukseong Bio stock ownership. Together, they amount to almost 20%.”

Even the owner’s family’s stake?

The owner’s family would have used the money they received to transfer their shares to KMM to settle the inheritance tax. Also, Bukseong Chemical Energy would have used the money they transferred to purchase the owner’s family’s land at a high price. This all happened during the inheritance tax and restructuring process.

The important fact is that a significant portion of Bukseong Bio’s shares are held by KMM.

“This is a headache. The stock of Bukseong Bio… There’s no way it would go through this crisis. But the financing interest rate keeps going up. Why are you taking on this?”

Unlike Korea Asset Management, which was supported by Korea Bank’s capital, KMM was in dire financial straits. Even if they somehow managed to get by now, if the current market liquidity crunch worsens, the situation will get much worse.

Nam Woon-myeong calculated the distribution of shares in Bukseong Bio.

The stock of Bukseong Bio owned by Bukseong Pharmaceutical is 15%. Currently, HyunAsol has taken control of Bukseong Bio by taking control of Bukseong Pharmaceutical, but it has not completely taken over.

If you add up the shares held by Korea Asset Management and Mega Asset Management, it comes to around 10%. In other words, if you include HyunA Sol, it is close to 25%, exceeding the owner family’s share, but the Bukseong Group also has hidden shares in Bukseong Life Insurance and Bukseong Securities.

It’s not perfect yet.

In addition, the stake held by KMM is also a medium connecting the two axes of the Bukseong Group, Bukseong Chemical Energy and Bukseong Bio. In order to completely separate Bukseong Bio from the Bukseong Group, this link must be broken.

This is the main reason why we need to acquire KMM’s shares.

In fact, there was a more important reason. The obesity treatment drug that had been developed after Song Han-rim of Biomiracle transferred to Bukseong Pharmaceutical was about to show visible results.

This is not a research report, but a conviction gained from looking at the fortunes of the people in charge of Bukseong Pharmaceutical. We must secure as many shares as possible before this development result is reported to the press.

As the value of Buk Sung Pharmaceutical rises, the influence of the owner’s family trying to take control of Buk Sung Bio will grow stronger.

“Hmm, is that really such a headache? Bukseong Bio stocks.”

“Yes. Because the bio industry won’t be in the spotlight for a while. Especially our country’s bio industry.”

Do Myeong-jin made a promise.

That’s about to change? The bio industry is on fire with the development of obesity treatments.

“Then, should Mega Asset Management take over?”

“Okay! Just take over… huh?”

Do Myeong-jin opened his eyes wide and looked at him.

It reminds me of the nightmare I had when I handed over Crown Burger to Mega Partners.

Naturally, Nam Yun-myeong brought up another example.

“Didn’t you just successfully pass the North Star AF Tech a while ago? You made a profit.”

There has been no significant change in the North Star AF tech. Even within KMM, there is self-praise that it has been well-done.

Moreover, Bukseong Bio is a listed company. It is a company that does not need to struggle with valuation.

“Well, that’s true.”

“Is there a clause in the contract that says it can’t be passed on to a third party?”

“That’s not it. But isn’t there another ulterior motive?”

Strictly speaking, Bukseong Bio has no ulterior motive. It is only interested in the Bukseong Pharmaceutical stocks it holds. Because those stocks will skyrocket in the near future.

“No way. I’m telling you this for the sake of the manager. If you really want to buy Bukseong Bio, you can just buy it in the stock market.”

Recently, the stock prices of companies belonging to the Bukseong Group, except for Bukseong Chemical Energy, have hit rock bottom, so no one is interested.

Nam Yun-myeong’s point was valid.

“Okay. I’ll talk to the team leader and see if a deal is possible.”

“Of course it could be possible. You said the money supply was dry? That alone would be quite helpful.”

A 20% stake in Bukseong Bio is effectively worth 1 trillion won. Currently, there is no place that can raise that much money except for Korea Asset Management or Mega Asset Management.

KMM can breathe a sigh of relief if it sells off this stake.

Do Myeong-jin thought that meeting Nam Woon-myung today was a stroke of luck.

Nam Woon-myung encouraged Do Myeong-jin by offering him a few carrots that could persuade the team leader. He also offered him a personal incentive by introducing him to a few promising domestic companies.

Do Myeong-jin’s mouth opened wide.

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