God of Corporate Hunting - Chapter 222



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◈ Episode 222 Occupying Forces (4)

Starting the next day, Credit Suisse began liquidating its 37 investment holdings.

The financial world’s attention was divided over the sudden influx of properties for sale.

The prevailing view was that the portfolio was being readjusted as the company overcame the bankruptcy crisis, but it was difficult to determine the truth because good and bad assets were mixed together.

While quality assets were sold at reasonable prices, the value of bad and risky assets plummeted further due to sudden selling.

Despite the price decline, Credit Suisse did not stop selling.

Some in the financial world even called it crazy, and this sentiment was no different within Credit Suisse.

When the executive meeting began three days later, Yoon Se-bin sensed a different atmosphere than usual.

The executives were looking at her with admiration.

“Did you see the news today?”

“no.”

Yoon Se-bin was so busy that she didn’t have time to keep up with the news.

The executive who had advised her that day, who was nearing retirement, had a news pop-up on his phone.

“I’m talking about Le Coq Margiela.”

“Yes, I received a report that the company’s shares had all been settled by yesterday. But?”

“Ah! This morning, there was breaking news… The CEO of Le Coq Margiela is in an uproar over a sexual harassment scandal.”

“Sexual harassment?”

It was an incident that even Yoon Se-bin had not expected.

“Because the other party is still a minor… Criticism is pouring in. In fact, Le Coq Margiela’s brand image has fallen into the gutter. Naturally, the stock price has plummeted. According to experts, the company will likely have to close down….”

The corporate owner’s risk was properly assessed.

“It’s the worst case of sexual harassment. Thanks to you, we survived. If that investment had failed, we would have been in doubt about our recovery. It’s all thanks to you, CEO.”

The executive politely gave her the credit. The other executives seemed to feel the same way, wiping away their tears.

Yun Se-bin was secretly grateful to Nam Woon-myung.

If it weren’t for him, Credit Suisse would have been caught in a huge storm as soon as it acquired Le Coq Margiela.

It was an unavoidable event no matter how capable she was, but Nam Woon Myung’s unique intuition saved her.

A new thrill ran through her body.

“I was just lucky. I avoided it because you all trusted me and sold those 37 investments quickly.”

“That’s not all. China’s Max Steel was suddenly ordered by the government to rationalize its management, and was merged with another company. Along with the stock cancellation of major shareholders. Of course, it was already a failed company, so the stock price was at rock bottom… but if they hadn’t taken care of that, the loss would have been even greater.”

Of course, among the 37 companies, only these two companies had their situation drastically changed in three days. However, because they narrowly avoided a crisis, the executives began to look at her differently.

Wasn’t it she who pushed for a quick sale that day despite everyone’s dissuasion?

“You have a great eye for business and investment.”

The praise continued.

The suspicious gaze that was initially directed at her has now changed to a gaze of trust and recognition. As expected, when she shows her ability, her attitude changes quickly. The atmosphere of ignoring her has disappeared.

Yoon Se-bin now realized that he had truly ascended to the position of co-CEO.

“Didn’t you risk your position and push for a sale at that time? I guess you were that confident. You’re amazing.”

Margo O’Pross, co-chairman of the group, supported her.

“What? Those 37 are companies that will gradually collapse in the future. If they don’t get hit unexpectedly by a large number of investments, the bank’s asset soundness will improve rapidly and they will regain their former glory within a few years.”

Most of the executives here are those who remember the glory of the past. They found hope and vision in Yoon Se-bin’s speech.

Yoon Se-bin also took advantage of the change in atmosphere that occurred in one day.

“So, what I’m saying is… I’d like to change the company name to refresh the atmosphere.”

Some of the executives’ faces changed dramatically, while others expressed their approval, saying it was a reasonable task.

“How would you change it? Do you have any thoughts?”

Opros asked politely.

“Isn’t it the Korea Asset Management consortium that acquired Credit Suisse?”

“Yes.”

“So I would like to add the word ‘Korea’ at the end. That is… It became Credit Suisse Korea, but that doesn’t matter. It is abbreviated as CSK.”

There were some protests, but Yoon Se-bin pushed ahead.

This is the only thing I didn’t want to give in to.

As soon as the majority vote was reached, the executives who had been watching her closely turned to her side. People instinctively follow the strong.

It was the moment when Credit Suisse was reborn as Credit Suisse Korea.

* * *

“Credit Suisse Bank changes its name to Credit Suisse Korea Bank (CSK)!”

“Korea Asset Management Consortium Acquires Credit Suisse Bank!”

“Korea Asset Management Becomes Owner of a Large Bank Ranked in the Top 20 in the World in Asset Size!”

“Yoon Se-bin, who is she? The icon of financial innovation! A young and beautiful woman takes over a large investment bank.”

“Korea Bank PE, an investment myth that leads to Korea Asset Management!”

“By Global Fund managed by Korea Asset Management! Explosion of popularity! Inquiries from the general public about subscribing to the fund continue.”

“CSK Myth Begins Today? Can Advanced Financial Techniques Be Transplanted to Korea?”

There was a series of articles praising Yoon Se-bin and Korea Asset Management. Most of them were positive, and there were only a few negative articles worrying about the bankruptcy of the insolvent giant bank.

“shit!”

Kang Han-soo, who was looking at the news on his cell phone, got angry and threw his phone away.

puck!

Luckily, there was a soft carpet on the floor so my phone wasn’t broken.

The waiter who was laying out the food we ordered on the table flinched in surprise.

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The clerk, who had been watching intently, had no choice but to pick up the cell phone and place it on the table.

“Calm down. Is this the time for you to be angry? I should be the one to be angry.”

Hyun Chang-yoon sat across from Kang Han-soo. The two had known each other since childhood. Hyun Chang-yoon was a year older.

“But does this make sense? Sebin is the icon of financial innovation! No matter what, isn’t this just a show-off?”

“The public originally liked heroes. But when their expectations are different, they are busy criticizing them.”

I know that principle well, but I couldn’t help feeling sick to my stomach.

From the decision on the management company of the Abu Dhabi Investment Authority’s sovereign wealth fund to the Byglobal Fund, everything was falling apart for Yoon Se-bin.

While MZ Securities’ Global Top Fund fell completely into the abyss without even being able to make a living, Yoon Se-bin’s By Global Fund was flying high.

It was too unfair to accept it as a difference in skill.

Then, they struck a decisive blow by acquiring Credit Suisse, one of the world’s top 20 investment banks!

It was a huge event that he had never dreamed of.

“Sebin is talented. She’s pretty too.”

Hyun Chang-yoon said coldly.

“I admit she’s pretty, but I can’t agree with her ability!”

In terms of ability, Kang had received countless compliments. He was one of the most talented people in MZ Financial Group. It wasn’t because he was a member of the owner’s family that he became famous.

In fact, he had never evaluated Yoon Se-bin’s abilities specifically until now. He had only considered her as a pretty woman, a woman he wanted to date somehow. That was why his defeat was even more bitter.

“I’m more scared of that ability.”

“No way. I just got lucky this time.”

“Did you know that my father proposed marriage to Yoon Se-bin? He wanted to set her up with Chang-min.”

“I know. That rumor has spread like wildfire in the financial world.”

“From then on, I also kept an eye on Sebin. Honestly… I was scared.”

At first, I was concerned about the background of Yoon Se-bin, the Korea Investment & Securities Group. If a large financial group supports Hyun Chang-min from behind, there may be changes in the succession structure.

However, as the Bukseong Group experienced internal divisions, Hyun Chang-yoon gradually began to fear Yoon Se-bin. However, until then, he had thought that Yoon Se-bin trusted the group’s background and was being stubborn.

But this time, the acquisition of Credit Suisse was completely beyond his common sense. Even if it had been pursued at the level of the Korea Investment & Securities Group, the acquisition would not have been successful.

Does Yoon Se-bin have magic hands?

“Why are you scared?”

“If Changmin becomes my wife, she will be the woman who will swallow up the entire group.”

“Are you married?”

“Would Changmin be interested in that smart girl?”

“I heard there’s a rumor going around these days that you’re close with Daehanjosun’s Bae Joo-hyun?”

“Bae Joo-hyun must be having a hard time too. How can Bae Joo-hyun be seen by the head of one of the world’s leading investment banks?”

Hyun Chang-yoon and Kang Han-soo laughed out loud.

The conversation between the two eventually led to a lament that he should have caught Yoon Se-bin during his time as a student abroad when he was still ignorant.

“I should have fallen asleep then.”

“Once you take it off, you’ll have no more wishes.”

The two drank beer while chatting about dirty jokes.

“So what are you going to do with my money?”

The atmosphere became cold as the voice became serious.

The main reason why Hyun Chang-yoon, the eldest grandson of the Bukseong Group, and Kang Han-soo, the crown prince of the MZ Financial Group, met today is precisely this issue.

The two people were not on good terms right now, laughing and laughing together.

This time, the amount of money that Kang Han-soo put into Petanos was approximately 800 billion won. It was 400 billion won, which is about half of the total fund amount from the Global Top Fund, and 400 billion won of the overseas slush funds of the Bukseong Group.

The money became worthless in an instant and fell into an irretrievable state.

The fund was ruined by the withdrawal of fund subscribers, and the fund eventually came under investigation by the prosecution due to losses. There was also no way to recover the 400 billion won that Hyun Chang-yoon had provided.

The Bukseong Group wasted a whopping 400 billion won out of the 1 trillion won in slush funds that Chairman Hyun Man-heum had kept hidden throughout his life.

The feeling of emptiness was indescribable, as it was slush funds that had been saved while using stocks as collateral to pay inheritance tax.

“If I don’t find it, you and I will die. Father’s eyes are already suspicious. He’s glaring at me as if he’s going to kill me. It’s fortunate that my three younger brothers rebelled against Father. If not, the succession would have already passed to someone else.”

“Sorry, I’m sorry, but I don’t have any money…….”

“We have to find a way to do this! Do you think you’ll be okay if I get kicked out?”

“Wow, isn’t investing supposed to involve taking risks?”

“You guaranteed me that I would make 10x the profit, right? You said it wasn’t risky at all?”

Kang Han-soo had nothing to say even if he had ten mouths. But there was no way he could ask for 400 billion won.

“For me, for me, there are only two solutions.”

“What is that?”

“If I inherit the group in the future, I will somehow create 400 billion and give it to you……”

“Okay, I need the money right now, when are you going to inherit the group?”

“The other one is to marry the rich Sebin…….”

“Are you kidding me? Sebin doesn’t even look at you anymore. What do you mean you two are enemies……”

Hyun Chang-yoon barely managed to calm his boiling stomach.

The matter has already been settled. No matter how much I pester him, there is no way to get the money. So for now, I have no choice but to leave him in debt. When I think about my father and younger siblings nagging me at home, tears well up in my eyes, but what can I do?

“Pay me back later when you have money.”

“Oh, I understand.”

“And you are the president of MZ Securities right now, right? You own the stocks in Bukseong Group in MZ Group, right?”

“Of course there is.”

“You have to raise your hand when a war breaks out within the Bukseong Group later. You understand?”

I had to take solace in the fact that I had one more pillar to lean on during the civil war.

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