God of Corporate Hunting - Chapter 227



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◈ Episode 227 MZ Securities (1)

Nam Woon-myeong also remembered. The fund that Kang Han-soo had promised with strength in his shoulders! It was a fund that would have sunk because of Petanos… … .

“Ah! MZ Securities’ Global Top Fund?”

Yoon Se-bin, recalling the memory, answered.

“Yes, that fund. Right now, consumer confidence in funds is at an all-time low because of the Global Top Fund.”

It’s a natural result, since the fund was cut in half as soon as you put your money into it.

“Currently, the police are investigating… but the Financial Supervisory Service has decided that they cannot leave it alone in order to restore consumer trust. That is why they are demanding that MZ Securities be held accountable for the loss. That is the only way to restore consumer trust.”

Investments are made at your own risk and always involve risk. There is no such thing as a safe investment. Therefore, there is no reason for the fund sales company to cover losses.

However, the government is taking the lead in pressuring compensation for losses. In fact, something that would be absurd in a capitalist system actually happens in reality. They are accused of selling poorly without providing proper explanations at the point of sale.

“Wouldn’t it be difficult for MZ Securities to take on all of that? The losses are so severe.”

“Yes. It’s about 400 billion won. It’s difficult for MZ Securities to handle at the moment. So…….”

Financial Supervisory Service Governor Kwon Dong-gil continued speaking after observing Yoon Se-bin’s expression.

“How about Korea Asset Management helping MZ Securities?”

MZ Securities needs to cover its losses through paid-in capital increase or convertible bonds. This means that Goryeo Asset Management should take the lead, just like Goryeo Investment & Securities.

What came out of the mouth of the Financial Supervisory Service Governor is in fact government pressure. It is a request that is difficult to simply refuse or ignore.

“Isn’t there also MZ Bank?”

“There are too many problems for the bank to intervene. Even during the Korea Investment & Securities incident, Korea Bank didn’t intervene, did it?”

“What about the MZ Financial Group owner family?”

“I guess I don’t have the capacity right now.”

Yoon Se-bin’s worries deepened.

Since there are many things we will have to cooperate with the government on in the future, we cannot simply refuse.

“Okay, I’ll think about it.”

The Financial Supervisory Service Chairman stood up with a bright smile. It meant that he had achieved his purpose for coming here.

After sending the Financial Supervisory Service governor, Yoon Se-bin organized the atmosphere.

“The government is suddenly showing interest. That must mean the economy is in trouble.”

“I’m going to get busier from now on.”

Park Won-tae intervened.

“So… Director Nam’s official positions are Director of Mega Asset Management and Co-CEO of Silicon Valley Capital, right?”

“But?”

“Director Nam, will you also take on the role of director of Korea Asset Management?”

“Me?”

Nam Woon-myung pointed at himself and made a resentful expression.

“Director Nam is already involved in a lot of things, right? But since I’m not officially an employee of Korea Asset Management, it’s a headache sometimes. Right now, the only legitimate reason is that I have a 10% cross-shareholding. If there’s more work to do because of CSK in the future…….”

The recent problem between Dan Kirk and Sun Yoon-ah would have been different if he had a title at Korea Asset Management. If he were to become a director at Korea Asset Management, he would be able to build a closer working relationship with Sun Yoon-ah, the head of the New York branch.

You can receive slightly different treatment when you visit Korea Investment & Securities, and you can also have an excuse to take care of both companies’ business at the same time when you go to New York.

While he was hesitating, Yoon Se-bin declared.

“Then I understand there are no objections. Please submit your application first.”

It seemed like Yoon Se-bin wanted to keep him as a subordinate.

The job bomb dropped. Instead, the salary doubled. Is that a good thing?

* * *

Not long after the Financial Supervisory Service chairman visited, a man in a neat suit knocked on the door of Korea Asset Management.

It was a strong move by MZ Securities.

Of course, the employees didn’t know Kang Han-soo.

“Is Representative Yoon here?”

“Have you made a reservation?”

Jo Ha-neul glanced at it and then turned his eyes back to the monitor.

“no.”

“Then, just make the reservation today and go back. The CEO is busy right now.”

Kang Han-soo’s eyebrows went up at the insincere answer.

I have never been treated like this before.

As MZ Securities was going under, Kang Han-soo was so angry that he shouted at his lowly secretary, thinking that this was what was happening to him.

“Do you know who I am?”

“Huh? Who are you?”

“Quickly send word that the president of MZ Securities is here!”

“MZ Securities? I heard there’s a rumor going around that it’s gone bankrupt these days…….”

Jo Ha-neul, who had been muttering absentmindedly, flinched at Kang Han-soo’s glare.

At that moment, the inner office door opened wide and Nam Woon-myung came out.

Kang Han-soo, who had discovered Nam Un-myeong, frowned as if he was offended.

“You…….”

“Huh? Mr. Kang? What brings you here?”

“Why are you here?”

“I just started working today. But what’s going on, Mr. Kang? There’s been a lot of chaos at Global Top Fund these days.”

Kang Han-soo was seething inside at Nam Woon-myung’s half-joking tone, but he barely held it back. If it weren’t for the unfortunate situation, he might have thrown a punch already.

“Is Representative Yoon here?”

“There is, but…….”

At that moment, Yoon Se-bin’s voice was heard from inside.

“Secretary Cho, let him in.”

Kang Han-soo glared at Nam Woon-myeong and Jo Ha-neul as if he had known this would happen, and then strode inside.

Of course, Nam Woon-myung was not one to miss out on such a sight.

Nam Woon-myung, who remembered being ignored by the arrogant Kang Han-soo in the past, quietly went inside.

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“Please sit down.”

Yoon Se-bin offered Kang Han-soo a seat, and Nam Woon-myeong also naturally took the seat.

Kang Han-soo’s glares flew at him, but he paid no attention.

“Why did you come here without notice?”

Yoon Se-bin was as arrogant as a predator facing a herbivore.

“Th, that… I think I’ll ask for some help.”

“What help do you need?”

“The Global Top Fund went bankrupt…….”

“Ah! Petanos? I told you many times that she was a swindler.”

I haven’t said it many times, but I warned you at the meeting that day anyway.

“How did you know that Eli Short was lying?”

“That level of analysis is basic. First of all, it doesn’t make sense in terms of technological feasibility. How can you diagnose 250 diseases with just one drop of blood at the current scientific level? How can you trust that?”

When the truth was revealed, it was clearly revealed to be a ridiculous lie. However, at the time, he had not suspected anything. Kang Han-soo wanted to ask more, but he gave up because it would be like spitting in his own face.

Yoon Se-bin asked with a meaningful smile.

“You made a bet on the returns of the Byglobal Fund and the Global Top Fund that day, right? It hasn’t even been six months yet… Are you going to continue?”

“The fund was cut in half and is now meaningless.”

“Are you admitting defeat?”

Kang Han-soo felt like his pride was being trampled to the ground, but now was not the time to go against Yoon Se-bin’s words.

“I lost.”

“What did Jin decide to do then?”

There was no specific fine or penalty. However, Kang Han-soo wanted to show the world that he was superior to Yoon Se-bin if he won. It would be better if he could create an opportunity to date her based on this.

“There was nothing decided.”

“Hmm, that’s too bad. Then I’ll just ask for one thing.”

“What is it?”

“How about texting everyone who was there that day to let them know you lost the bet?”

Yoon Se-bin smiled and quietly insisted.

Anyway, because of the fund that was ruined, I was getting a lot of calls from friends who had invested at that time. I am currently avoiding their calls, but I need to apologize to them in some way. It would be easy if I just included what Yoon Se-bin requested at the end of the apology message.

It’s humiliating, but there’s nothing I can do about it now.

“I will do that.”

“Okay. Now, let me tell you what brings you here today.”

I couldn’t help but laugh as I watched the conversation between the two men.

I also thought that Yoon Se-bin was a woman with a long aftertaste. Kang Han-soo’s future will be a mess if he messes with a woman like that.

Kang Han-soo explained the recent situation while hesitating.

The Global Top Fund was ruined by the Petanos scam and is currently under investigation by the prosecution. The Financial Supervisory Service is pressuring the fund to compensate for all losses due to bad sales.

In order to avoid arrest, they had no choice but to compensate for the loss, but MZ Securities’ condition was not very good.

Since last year, the annual performance has hit rock bottom due to the PF investment being drained and interest rates rising. On top of that, the fund was ruined and I had to pay for it, so it was unmanageable.

“Why not try reaching out to MZ Bank?”

“The bank refused.”

The process was easy to understand. When Korea Investment & Securities was in trouble, Korea Bank also pretended not to know. The government could not have left the securities company’s insolvency to be transferred to the bank.

“I guess you’ll have to take care of it at home.”

The Kang Han-soo family is in a similar situation to the Yoon Se-bin family. The bank’s largest shareholder is the government, and the securities company’s largest shareholder is the Kang Han-soo family.

“My father was so angry that he wanted the securities company to go bankrupt…….”

Perhaps, if Yoon Se-bin had not reached out during the paid-in capital increase, Korea Investment & Securities would have gone bankrupt.

“Huh, I see. I understand how you feel.”

Yoon Se-bin seemed to understand and tried to comfort Kang Han-soo.

Kang Han-soo, who saw a little possibility, actively came forward.

“In order to avoid arrest, I must repay the loss unconditionally… In order to do this, I need a paid-in capital increase. Can you lend me the money for a paid-in capital increase? To be precise, I need to invest….”

Since I couldn’t get money from MZ Bank, I came to Korea Investment & Securities. Recently, the most affluent place in this country is the Korea Investment & Securities Consortium.

“There’s no way I have money, right?”

Yoon Se-bin gave a cold rebuke.

“Then even CSK funds…….”

They are asking for something to be done with less than 1 trillion won out of CSK’s 750 trillion won in operating funds.

Yoon Se-bin chuckled.

“That can’t be possible. CSK isn’t a bank that is controlled by one owner.”

By international standards, our country’s financial institutions are overly influenced by major shareholders.

Kang Han-soo clung on with an expression that seemed as if the sky was falling down.

“No, I must participate in the paid capital increase unconditionally. Otherwise, I will be arrested…….”

The restraints seem scary.

In fact, Kang Han-soo was rude and ignored them, but he was tricked by a scammer, so it is not entirely his fault. He just had bad luck with investments, and it is not a legal issue for him to take responsibility for.

Yoon Se-bin answered while glaring at Kang Han-soo.

“Mr. Kang, I was in a really bad mood that day. Do you know how much Mr. Kang ignored me? He ignored the Byglobal Fund. He ignored the management capabilities of Korea Asset Management… I still can’t get over how I felt that day.”

Kang Han-soo bowed his head deeply while observing the situation.

Nam Woon-myung stuck his tongue out at Yoon Se-bin’s momentum and watched Kang Han-soo’s attitude. The guy is about to be arrested, so he won’t be able to hold out any longer.

Kang Han-soo suddenly got up.

And then he knelt down in front of Yoon Se-bin.

“I was wrong. I will never ignore you again. So…….”

Yoon Se-bin sighed.

She sent a signal to Nam Woon Myung that she had become her.

Now it is Nam Woon-myung’s turn to step forward.

The financial world is a world of survival of the fittest. If money runs out, you have no choice but to be eaten. MZ Securities and Kang Han-su also have to pay the price. It won’t be solved by simply talking or kneeling.

“Mr. Kang Han-soo, it’s not difficult to increase capital. However, the conditions are a bit strict. Would you still like to do it?”

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