God of Corporate Hunting - Chapter 284



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◈ Episode 284: The Civil War of the North Star Life (5)

As the stock price of Bukseong Life Insurance soared and civil war became imminent, Nam Un-myeong called the president of Bukseong Life Insurance.

Shin O-guk, who assisted Mega Asset Management under the order of Joo Do-hee at the temporary shareholders’ meeting of Bukseong Distribution, is actually on their side.

That is why Nam Yun-myeong could freely release information and give instructions.

In the Mega Asset Management conference room, Shin O-guk gave a brief explanation of the current status of stock assets.

As the central axis of a group financial company, Bukseong Life Insurance included many stocks of group affiliates.

Although it transferred some of its previously held businesses, including Bukseong Distribution and Bukseong Refinery, to the Korea Asset Management consortium, it still held a majority stake.

Even the core companies of the group, Bukseong Chemical Energy and Bukseong Bio, had a lot of stocks.

“There are more than I thought.”

“Because it’s an insurance company. There’s nothing better than investing in affiliates of the group to manage the insurance money entrusted to us by our customers. However, there are currently restrictions on exercising the rights of shareholders of affiliates.”

The value of Bukseong Life Insurance, at least its status within the group, comes from its affiliates’ shares.

If you look closely, this is the reason why Hyunjae Seop has been fighting over Bukseong Life. If Hyunjae Seop gets his hands on Bukseong Life, several affiliates will immediately go over to him.

So, it can never be handed over to Hyunseop.

Mega Asset Management’s position is ambiguous.

Even if he takes over the Bukseong Cultural Foundation, there is no guarantee that he can beat Hyeonjae Seop. According to his investigation, there were unexpectedly many friendly shares owned by other conglomerates.

However, it is not easy to buy additional stocks. The stock price of Buksaeng Life Insurance has long since exceeded its fair value.

“But we have to buy it to win the civil war.”

Shin O-guk made a claim. If Bukseong Life were to fall into Hyeonjae-seop’s hands again, the first person to be cut off would be Shin O-guk, so it was natural for him to make such a claim.

“Do you have money?”

“Financial companies tend to have a lot of cash reserves. There is no problem at all if they announce that they are acquiring their own stocks. Shareholders are also happy about it.”

That’s when things are normal. When prices are going crazy like they are now, you could end up getting sued later.

Nam Yun-myeong came up with the best solution.

“Should I transfer the stocks of affiliated companies held by Bukseong Life Insurance to another place?”

“Where to?”

“I mean, Bukseong Pharmaceutical or Bukseong Bio. Those two companies have ample funds due to the recent rise in stock prices.”

Bukseong Life Insurance, which has no stake in affiliates, will be reduced to an ordinary company, and the meaning of civil war will fade. If there is no reason to fight a bloody battle, the cause can be eliminated.

Shin-O-Guk looked reluctant, but he had no choice but to agree.

“It will be difficult to transfer much.”

Bukseong Life Insurance is a much larger financial company than Bukseong Pharmaceutical or Bukseong Bio. Therefore, it would be difficult to receive all of the stocks held by the two companies through a stock exchange.

“Let’s start by choosing what we need.”

We started by selecting affiliates in which Bukseong Life Insurance was the largest shareholder or had shares close to that of the largest shareholder.

The amount that Bukseong Pharmaceutical or Bukseong Bio could not handle was taken care of by Korea Asset Management, Mega Asset Management, and even CSK.

The key is diversification. If one institution increases its stake excessively, it becomes prey.

As we were roughly reviewing the plan, there was a knock on the conference room door.

Anyway, since it was a glass door, I could tell who it was as soon as I turned my gaze.

The door opened and Shin Cheol-ho came in.

“Fate, you have a guest?”

It was Evely. If it weren’t for the female guest, Shin Cheol-ho wouldn’t have personally guided her here.

Even though I didn’t ask her to come in, Evelyn came in smiling.

Nam Yun-myeong had no choice but to offer his seat.

“Okay, since I’m back in Korea, I’ll just go see your face.”

Nam Woon Myung was rather confused because they were so close.

Avery asked, standing up instead of leaving his seat.

“So, have you thought about it? It’s not too late. I have a big heart and can accept you. If you help KR Investment Group, I will definitely share in the profits. A few of the separated affiliates will fall to you…….”

There is some confusion as to whether Everly is currently an ally of the current server or not.

“Why are you so obsessed with me?”

“I want to get away from Representative Yoon.”

“Why do you hate Representative Yoon?”

“That can happen.”

I don’t know what’s going on, but I really hate Yoon Se-bin. Isn’t it because of Yoon Se-bin that I started helping Hyun Jae-seop in the first place?

“Is the rise in the stock price of Bukseong Life Insurance due to the power of KR Investment Group?”

“Wasn’t it because of Chairman Hyeon-seop and Mega? That’s what the rumors said.”

From the bitter smile on his lips, it was clear that Everly was controlling Hyunseop from behind.

It would be to the extent that they are currently providing funds to Seop Hyun and are also participating in the stock war without the knowledge of KR Investment Group.

Usually, institutions that engage in this type of operation buy at the low point and then sell off when the stock price rises to a certain level. The KR Investment Group that Nam Woon-myung is expecting is also in this process.

Should I really push through to the end?

Nam Woon-myung looked at Everly’s face with a skeptical eye.

Are there any differences from before, or are there any major changes in the near future?

“Mr. Avery, can we be honest with each other?”

“Okay, I’m always honest.”

“You’re not after the North Star Life, are you?”

“The current president?”

“No, you.”

“You know very well. I’m targeting the entire North Star Group.”

It was unclear whether it was true or not, but Nam Yun-myeong roughly understood what it meant.

“This time, I’ll ask. Are you and Yoon Se-bin… a community of shared destiny?”

What does a community of destiny mean? Does it mean that they do everything together in business like a married couple in life? Up until now, it has been that way, but in reality, he and Yoon Se-bin have no debts or rights to each other. They are just holding hands because it is beneficial to both of them.

“no.”

Avery, who was looking at him closely to check if it was true, snickered.

“That’s enough. That we can hold hands! That’s enough. I’ll look forward to it.”

Everly turned and opened the door.

Everly, who had been leaning halfway out, turned her head again and spoke to him.

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“Please enjoy the fire show I prepared. Don’t get hurt.”

After Everley disappeared, silence fell on the conference room.

Shin-O-Guk tilted his head.

“Who is that woman?”

“She is the vice president of KR Investment Group. She is currently supporting Chairman Hyun Jae-seop. We believe that she is targeting Bukseong Life Insurance.”

“ah!”

“But that wasn’t it. I had a rough idea.”

“is it so?”

Shin-O-Koku’s eyes widened.

Of course, Nam Yun-myeong did not explain the reason for his decision. It was also something he could not do.

“Mr. Shin, let’s revise the content of the meeting we had earlier today. There are other stocks among the stocks held by Bukseong Life that must be transferred.”

Nam Yun-myeong changed his strategy.

* * *

While Nam Woon-myung was explaining the changed strategy to Yoon Se-bin at Korea Asset Management, he received a call from Hyun Jae-seop.

Of course, the call was from Yun Se-bin, not Nam Woon-myeong.

“Yes, Chairman. What is it?”

[Representative Yoon, do you still think the same?]

“What do you think?”

[This is what was said at the Federation of Korean Industries that day. This is an act of hostility against the entire group in the Republic of Korea.]

“I don’t think of them as enemies.”

[What Representative Yoon is doing now is the enemy. Isn’t he struggling to eat up Bukseong Life?]

“If you see it that way, I have nothing to say.”

[Okay. If you don’t change it, it’s war from now on.]

Stop!

It wasn’t a phone call intended to persuade me in the first place.

It was just a one-sided declaration of war.

Yoon Se-bin swallowed a hollow laugh and Nam Woon-myung searched the news.

As expected, the announcement of Hyunjae Seop’s departure ceremony was lined up.

“The Chairman of the Bukseong Group declares that he will protect Bukseong Life!”

“Demand replacement of half of the board of directors, including the CEO!”

“The younger brother, Hyunjae Eun, is considered a hostile force in collusion with external forces. The Bukseong Group emphasizes that it will not yield to external forces.”

“Is the stock price of Bukseong Life on fire? The rumors of Bukseong Life’s recent rise have been confirmed to be true. The Bukseong Life civil war, also known as the Siblings’ War, will further push up the stock price of Bukseong Life for the time being.

“Since it is a situation where neither side can ever compromise, where will the final destination be? However, since it can plunge at any time if the atmosphere changes, general investors should refrain from making hasty purchases.”

“External forces are foreign speculative capital!”

“Chairman Hyeon-seop Hyun made it official through the media.”

“It’s going as expected.”

Nam Yun-myeong didn’t attach much importance to the phone call today. It was a protest by the chairman of a conglomerate.

“Then should we go according to plan?”

“Yes. Is there any pressure at home?”

Yoon Se-bin shook his head quietly.

Nam Woon-myung read her worries in it. Since Yoon Yi-baek and Yoon Se-hyeok are on Chairman Hyun Jae-seop’s side, there’s nothing he can do.

“But the stock price of Bukseong Life Insurance is suspicious. How can it rise like this when Bukseong Life Insurance is not the company that Everly has its eye on? It cannot be explained by us alone. Director Lee Myeong-su’s analysis is of the same opinion.”

At first, the current sub side and their purchases caused the rise of Bukseong Life Insurance. Then, general investors joined in. The problem is what happened after that. Even now, when the stock price is about to fall, someone is trying to support it. Then, it skyrockets again. Since the news came out today, the stock price will rise again.

“Are you saying there is a force that is playing tricks?”

“Yes. I don’t know where, but it’s somewhere with financial support.”

“If it goes according to Mr. Destiny’s new strategy… it doesn’t matter where Bukseong Life goes, right?”

“That’s true.”

Nam Yun-myeong couldn’t hide his discomfort.

* * *

Catherine Pinklin came to Korea.

Looking at the soaring stock price of Bukseong Life Insurance, it seemed like something was going to happen soon. It was fun to watch the parties involved at the scene.

My friend, Avery, happened to be in Seoul. I heard that Avery was deeply involved in this operation. This is a chance to watch Avery get ruined.

I’m also curious about the identity of Shin Cheol-ho, the person who became interested in me over the phone.

As soon as she got off at the airport, Catherine checked the stock price of Bukseong Life Insurance.

Suddenly, fireworks started exploding.

“This is a great opportunity to short sell.”

In the meantime, I quietly bought and collected real bullets. I also borrowed ETF stocks to prepare for short selling.

She called the headquarters without hesitation and ordered a short sale of Bukseong Life Insurance. Since it was something she had prepared in advance, it was carried out immediately.

As selling surged, the stock price of Bukseong Life Insurance, which had been soaring, stopped and began to move sideways instead of rising.

This was done several times, but the stock price of Bukseong Life Insurance did not fall easily.

Thanks to this, trading volume exploded.

The buying power of ordinary investors came in like a tidal wave. This was also expected.

“It would be a shame to bow your head from the beginning. There’s so much to eat.”

There are few stocks that are as good for short selling as they are now, because as soon as you sell, the buying power eats up all the stock.

Since Wonder Fund was second to none in terms of financial power, Catherine pushed ahead confidently.

If she makes a big profit by the end of the North Star Life Civil War, her promotion is guaranteed.

If she could just move up one level from where she is now, she wouldn’t be jealous of even Avery. Unlike Avery, who was born with a silver spoon in her mouth and reached a high position without any ability, she worked her way up from the bottom, using her skills.

That pride gave her more confidence.

Catherine entered Seoul while looking at the stock chart showing a fierce battle between short sellers and buyers.

As they arrived at Yeouido, the heart of Seoul’s financial district, Catherine dialed a man’s number.

‘How dare you call my face Photoshopped!’

It was Shin Cheol-ho’s number, the person who wanted to see his face and what he looked like.

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