God of Corporate Hunting - Chapter 221



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◈ Episode 221 Occupying Forces (3)

On the way back to Credit Suisse after dinner, there was a crowd of people.

I looked to see what was going on and saw Shin Cheol-ho pointing to a sleek car parked on the side of the road and selling medicine diligently.

“This is a Porsche 911 Targa 4 GTS! The performance is amazing! Look at the body! How sleek it is!”

I was amazed at how he could remember such a long car name, and even Jo Ha-neul was diligently keeping up with the rhythm next to him.

Supercars seem to be a subject of interest not only in Korea but also in Europe.

“No matter what, a car has to be powerful! A man has to be powerful too!”

His love of cars hasn’t changed here either.

As Shin Chul-ho was working hard to leave his handprints on the car, a vicious-looking guy with a shaved head approached him with brisk strides and tapped him on the shoulder.

“Hey! Are you going to take your hands off me?”

“Hipp!”

Shin Chul-ho, frightened by the sloppy guy, quickly stepped back. Looking at him again, the guy’s forearms were almost twice as thick as Shin Chul-ho’s. His waist and thighs were also thick.

Comparing the two, the guy was a monster, not a human.

Shin Cheol-ho’s face turned pale.

The bald guy glared at Shin Cheol-ho.

“Do you know how much this car costs? You broke bastard!”

Of course, Shin Cheol-ho was so shocked that he couldn’t even open his mouth and retreated backwards.

The bald man got into the car with a cold sneer.

Then the Porsche disappeared into the distance with a loud noise.

According to Nam Woon-myung’s guess, there’s a 90% chance that Shin Cheol-ho has more assets, but he backs down so helplessly. And in front of Jo Ha-neul, too. Well, the owner of the car might have felt bad since he was leaving handprints on someone else’s car.

Nam Woon-myung approached and teased Shin Cheol-ho.

“Cheol-ho, what did you do with the 100 million I gave you last time?”

“I got a Bentley and just threw it in the bank?”

“Bentry isn’t yours. It’s Representative Yoon’s.”

“Really? Should I buy a Porsche while I’m at it?”

Shin Chul-ho turned his eyes in the direction where the Porsche had disappeared. It was obvious that the Porsche was probably pictured in his mind.

“Cheol-ho, should we buy a Porsche?”

“That one just now only cost about 200 million. Add 100 million more and I’ll buy it.”

“Rather than that, should I just buy the Porsche company?”

Shin Cheol-ho’s eyes widened. But soon he poked his side and said.

“Hey, just kidding.”

No kidding. After reviewing Bauer’s report, I started to want a Porsche.

* * *

Yun Se-bin held the documents classified by Nam Woon-myung and gave a long speech at the executive meeting.

“We have categorized the major companies we have invested in, and there are 37 investments that we urgently need to divest and recover. Only by resolving these can we escape from insolvency.”

Yoon Se-bin’s voice was firm, but most of the employees did not take it seriously.

There was still no one here who would truly accept a young, inexperienced woman. To those who had been through all sorts of hardships in the international financial world, Yoon Se-bin’s cries sounded somewhat hollow.

An executive nearing retirement offered cautious advice.

“Mr. Yoon, I understand what you are saying. But it is not that easy. Among the insolvent companies that we have selected… there are some that we cannot sell even if we want to, like China’s Max Steel. Who would buy their shares when they have already gone bankrupt? But we cannot just throw them away for cheap, right?”

That’s true. The executives around him nodded in unison.

“And France’s Le Coq Margiela is currently doing extremely well. Its stock price is also at an all-time high. To sell off a company like that right away, calling it a distressed company… It’s just hard to understand.”

Although he said it indirectly, it was tantamount to admonishing her not to interfere in management.

“Besides, some companies that everyone considers problematic aren’t even on here.”

Yoon Se-bin also had a hard time explaining the reason. Max Steel was a company that had already failed, so it wouldn’t have been strange to suggest that it be disposed of. However, Le Coq Margiela, which had brought in enormous profits, seemed strange to her. If it had been a proposal to realize the profits since they had made a lot of money, then it would have been different.

However, she believed in Nam Yunming. If Nam Yunming said a company was doomed, it would fail soon, and if a company was destined to prosper, it would prosper soon.

“Le Coq Margiela? It’s going to get very bad soon.”

“If you look at the analyst’s analysis report, the future stock price is expected to be higher. If you sell now, you will lose all the expected profits. In fact, it will be a loss.”

All other executives had similar opinions.

There has been no Yoon Se-bin side yet.

She bit her lip tightly.

At times like this, shock therapy is necessary. She needs to prove her abilities to gain their recognition. However, she does not know why Nam Woon-myung classified this company as insolvent.

She desperately tried to think of a reason.

“Le Coq Margiela has CEO risk. Sooner or later, there will be serious CEO problems.”

Of course, she doesn’t know if that’s true. But there’s no other reason why a successful company would suddenly collapse.

Her answer drew laughter from the executives.

Should I take a gamble?

Yoon Se-bin made up his mind and declared.

“You must process this investment as quickly as possible. Tomorrow. I will not accept any objections. Instead… if this decision is detrimental to the company, I will step down as co-CEO.”

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It was a strong statement that surprised everyone.

A decisive move!

The executives sensed how important she was to handling these 37 corporate investments. Of course, it was a declaration that came as no burden to them at all. If it was a wise decision, it would benefit the company, and if it was a mistake, they could oust her as co-CEO.

And in their view, at least a third of the 37 companies were performing pretty well.

“Really?”

The executives held their breath and waited for her answer.

Yoon Se-bin sighed.

“I guess you all don’t like me. I know how you feel. A stone from somewhere unknown is pushing away a stone that has already been entrenched. But if there is no change, this bank will fail. If we continue like this, we all know that we will face another crisis within the next year. That is why other major financial institutions have not even considered taking over.”

Her sharp criticism made the executives look at each other.

In fact, the biggest responsibility for the bank being driven to the brink of bankruptcy lies with the executives. If it had been acquired by another bank rather than the Korea Asset Management consortium, the existing executives would have been replaced in one fell swoop.

“Now that I am co-CEO, I will definitely take care of a few things. One of them is to recover investments from these 37 companies. So please do it right now. I will take full responsibility.”

“Haha, if that’s what you think, Representative Yoon, then you should do it. We won’t object either. But please make sure to keep your word.”

The executives smiled kindly and agreed.

Of course, Yoon Se-bin also knew about their discontent. However, he consoled himself by thinking that it was an inevitable hard-line measure to firmly control the executives.

* * *

Returning to the hotel in the evening, Yun Se-bin called Nam Woon-myung.

After the other employees came in large numbers, Nam Woon-myung left Yoon Se-bin’s suite and shared a room with Shin Cheol-ho.

Anyway, since her room is often used by employees for work, it would be much better to get a separate room. Even though there is a secretary named Jo Ha-neul, if a man and a woman live in the same room, it might look strange to other employees.

So now I only call Nam Woon Myung to my room when something comes up.

On one side, Kim Seon-jin and Jo Ha-neul were busy organizing documents and working.

“I mean the 37 investments you gave me today.”

As soon as he sat down, Yoon Se-bin started asking questions.

Nam Woon-myung answered as if he had guessed.

“Those 37 are going to be in trouble soon. If we don’t cut them out now, the entire bank will be shaken. If we just cut out those investments, wouldn’t the bank be able to run smoothly for a while without any major crises?”

Yoon Se-bin’s eyes lit up.

If Nam Woon-myung’s words are true, these 37 investments are Credit Suisse’s core potential bad debts.

If you do it right, you’ll be able to take a breather.

“How did you know?”

“I get it. Of course, I did a detailed analysis. If you look at the company’s recent cash flow, you can see the other side of it.”

It was easy to say, but Yoon Se-bin thought that Nam Woon-myung had an exceptional sense that no one could imitate. There was no reason for him to see things that others could not.

“Max Steel is…….”

“Oh, Chinese steel companies? You know that the situation in China is very bad these days. Exports are decreasing and domestic demand is shrinking. That company will never recover. It will only continue to be a burden.”

“So, there’s a new investment request? If we invest additional funds, there’s a possibility….”

“No. You’ll only suffer a bigger loss. You have to sell it now, no matter what. That way, you can make even a single penny. Otherwise, it’ll just become worthless.”

Yoon Se-bin forgot what to say in opposition.

“Then what about Le Coq Margiela?”

“Ah! A French fashion company? That company is doing well right now. You can throw it into the stock market right away. You’ll cash it out no matter what.”

“The executives said they wanted to hold on to more?”

“If something goes wrong within a few days, the stock price will plummet.”

It is not common for Nam Woon-myung to predict the rise and fall of stock prices in such detail. That is why Yoon Se-bin had no choice but to accept it.

“Moreover, companies that have virtually failed are not included in these 37 cases.”

“Ah, such companies are ones that will recover in no time. Rather, if they request additional investment, we should actively accept it. Such companies are the key to securing the soundness of bank assets in the future.”

She smiled without realizing it at Nam Woon-myung’s confident answer.

Somehow I feel reassured when he’s by my side.

She brought up a story from a board meeting.

“We have agreed to recover these 37 investments. If the company suffers losses because of this, I will resign. Is that okay?”

Nam Woon-myung looked at her for a long time, as if it was an unexpected remark.

Finally, Nam Yun-myeong agreed.

“It seems they are not accepting us easily. I guess we are only representatives in name for now. Good job. Soon it will be revealed that we were right.”

Yoon Se-bin felt relieved when Nam Woon-myung agreed to the gamble he had made. As he had guaranteed, the Credit Suisse acquisition would be successful.

When her mind was complicated, Nam Woon-myung asked.

“But Mr. Yoon, the name Credit Suisse. Shouldn’t it be changed now?”

Since the Korea Asset Management consortium is the owner, that fact should be engraved somewhere. If it were by its current name, people around the world would still think it is a Swiss company.

“Should we name it Goryeo later?”

Goryeo is better than Mega, whose nationality is unclear. However, Goryeo is written as Korea in English, so it is the same as the country name.

“Credit Suisse Korea. Not bad. Let’s call it CSK for short.”

So the two decided on a name for the global investment bank. Of course, she can’t suggest a name change right away. She still has little influence in the bank.

Yoon Se-bin pledged to push ahead as soon as he gained power.

It’s Credit Suisse Korea!

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