He is Already a Tycoon at a Young Age! - Chapter 100



Only Noblemtl

#100 episodes

“I think that not having failed means you have never tried. So, I can’t say that the young entrepreneur Ma Huateng is more valuable than me.”

“That may be true.”

“How much would it cost?”

I can clearly see that Ma Yun is now suffering.

“Give me a 45% stake, and I’ll invest in it when I need additional capital.”

“45% seems too much.”

“You might think so. But in the future, you will be able to proceed without worrying about investment costs when doing business. I will support you in all necessary aspects. And with just a 51% stake, there will be no problem in defending the management rights of the internet commerce company that you, Ma Yun, will establish.”

That’s why many businesspeople say that the absolute number when doing business is 51.

“Mr. Jack Ma, opportunities don’t come often. The same goes for turning points in life. Opportunities like luck don’t come often. What do you think?”

“Okay, I will do that.”

“Today is also a turning point in your life. I hope my investment decision will be a good one for me, Chief Secretary.”

“Yes, sir.”

“Send a practitioner to write up an investment contract with my business partner, Jack Ma, and also write up a share transfer agreement.”

The practical work can now be done by practitioners.

“Yes, I will do it right away.”

When the chief secretary answered, Ma Yun looked relieved.

“Partner.”

“Yes, sir.”

“Make your Internet e-commerce company’s mission clear.”

“Yes, I understand.”

“I hope the company you founded becomes China’s largest e-commerce company, just like Jack Ma said. Then, won’t the $7 million I invested turn into hundreds of billions of dollars in 10 or 20 years? Hahaha!”

When I told him that the $7 million I was going to invest in myself would turn into hundreds of billions of dollars, Jack Ma looked dumbfounded.

‘You don’t know······!’

But I know.

Jack Ma’s Alibaba.com is set to do just that.

* * *

Samjeong Life Insurance CEO’s Office.

“What are you talking about now?”

The president of Samjung Life Insurance separated Samjung Life Insurance from the Samjung Group and became independent.

“Pacific Investment Corporation is currently promoting the establishment of a non-profit hospital and is purchasing shares in Hansung University Hospital.”

“I reported that before, but you’re saying that Ji-sung wanted to meet me?”

“Yes, that’s right.”

“Are you going to invest? Or are you laying the groundwork to take away Samjung Life Insurance and make it your own?”

“Your secretary has informed me that he will propose something that will benefit Samjeong Life Insurance.”

“So, why?”

“Okay. Should I refuse?”

“No. I have to meet him. Didn’t Jiseong say that damn guy is in China right now?”

To the president of Samjung Life Insurance, the second son of the chairman of the Samjung Group, his nephew Ji-seong must be a loser. Originally, he could have overtaken his older brother and become the next chairman of Samjung Group, but Ji-seong is the one who ruined all that.

“Yes, it looks like they are going to invest in China now. They even held an IT-related startup fair in a city called Shenzhen.”

“That guy is crazy about the internet.”

“Boss, I heard that these days, there is even talk of Internet addiction among young people.”

“Internet addiction?”

“That means you use the Internet a lot.”

“That’s true.”

“And it is said that he left for Thailand on the chairman’s private plane.”

“You even gave me a private jet? Ha, Father Ji-seong saw that guy and decided to make you the next leader. That’s why I said I have to raise my son well, damn it!”

* * *

On the plane to the Thai capital.

Since Taean Group and Pacific Investment Corporation do not yet have a group-wide jet, they are traveling to Thailand on the jet used by their grandfather, the chairman of Samjung Group.

“Is this your first time in Thailand?”

Along with the chief secretary, my uncle, the president of Taean Electronics, is also accompanying me, as is the vice president of Gaya Hotel.

‘Thailand is a tourism-oriented country.’

I suggested to my aunt that this would be the first overseas hotel business for Gaya Hotel, and she said she would go to Thailand to do some on-site investigation, but I stopped her. So the vice president of Gaya Hotel came with me.

“I visited here before with the chairman.”

“okay.”

“Jisung-ah.”

“Yes, uncle.”

“As you know, Thailand is a bit tricky to invest in.”

“To resolve this, I will go to Thailand myself. And I will also meet with the Thai finance minister. And eventually, I will also have to meet the King of Thailand.”

“The King of Thailand?”

“yes.”

“There was a time in the past when the Chairman had to meet the King of Thailand.”

“You haven’t met.”

“He decided that Thailand was not a country that was necessary for the Samjung Group to the point that it had to lie down in a strange position.”

“I think I can lie down. I’m still young.”

“Jisung, what do you plan to propose to the King of Thailand?”

“I wanted to ask, ‘How long are you going to just watch us being defeated by invading capital?’”

At my words, the president of Taean Electronics looked at me for a moment.

“Jisung, isn’t one of those invasion capitals you mentioned Pacific Investment Corporation?”

“That’s what it used to be, but now I’m trying to become the white knight of Thai finance.”

“So what do you want?”

“A local Thai investment bank with a large farm establishment and a branch of Gaya Hotel Thailand.”

“So you’re talking about infiltrating and taking control, but a huge farm?”

“Yes, we have capital to accumulate, so we need to start preparing now to have a proper fight with Cargill, which dominates the global grain market.”

“Cargill?”

The Taean Electronics president was surprised again.

“yes.”

“Jisung, Cargill is an unimaginable grain company. It is a company with a grain infrastructure that has been built for over 100 years.”

“Shortening that time requires a huge investment of capital. And we are going to start from Thailand. But uncle.”

“I guess we’re finally getting to the main point.”

This is the president of Taean Electronics who knows me better than anyone else.

“Is the Russian economy still in trouble?”

“The Soviet Union opened its markets too quickly and on a large scale, and we are still suffering from the aftereffects.”

“I think if we want to compete with Cargill, we need to secure satellites first.”

“artificial satellite?”

The look on his face is asking why he needs a satellite to run the grain business.

“Yes, I think we need to check the crop conditions of large farms spread around the world through satellites.”

“What you’re saying is that you’re going to secure satellite development technology through the Russian government, but I think it would be easier if your maternal grandfather, the president of Taean Industrial, got involved.”

“Yes, but I think Taean Electronics should be the one to throw it to the Russian government.”

“Jisung, are you telling me to establish a local Taean Electronics factory in Russia?”

“Yes, I’ll ask Grandpa later too.”

“If the Russian economy collapses like this, most foreign companies will likely withdraw from Russia by next year?”

It’s amazing.

‘yes.’

Around August next year, the Russian government will declare a 90-day moratorium, and at the same time, the Russian ruble will plummet.

‘Even in terms of exchange rates.’

There are so many opportunities to make money.

“When others say ‘no,’ I try to say ‘yes.’”

“So you’re saying you’re going to invest heavily?”

“Yes, my grandfather will also come to Thailand.”

“You’re not coming alone, are you?”

“Of course. I will come with someone who can give me what I need.”

“artificial satellite?”

“To be exact, it’s a space launch vehicle, and as soon as I secure the space launch vehicle technology, I plan to establish a space travel company in the United States.”

At my words, the president of Taean Electronics looked dumbfounded.

‘I’m stealing Musk’s life.’

Because they are already gearing up for establishment with plans to steal electric cars.

“Space travel?”

“It’s perfect for getting everyone’s attention. Hahaha!”

* * *

Two days later, at the residence of the Thai Finance Minister.

Thai society is a country with a clear social class distinction.

‘It is a constitutional monarchy, but the king is not absolute.’

Along with that, Thai society is clearly divided into upper and lower classes. And the upper class naturally monopolizes wealth. However, having wealth does not make you upper class.

‘There must be power and tradition.’

Anyway, Thailand is a country where only a few rich people can live happily.

‘With rude language.’

As the saying goes, Thailand is above heaven, and it is also a perverse paradise for Western retirees.

“I never thought I would meet the head of a foreign investment company that has dealt the biggest blow to the Thai economy, but what an unexpected turn of events.”

“I made about $5.5 billion in profit from the collapse of the Thai baht.”

The Thai Finance Minister frowned at my words.

“so?”

“Of the $5.5 billion in profits, we plan to invest $4 billion in Thailand. As you may have heard about me, I am the grandson of the chairman of Samjung Group and the largest shareholder of Taean Group. So, Samjung Group and Taean Group may establish factories in Thailand.”

So now the president of Taean Electronics is looking around at land to set up a factory as if he were showing off.

‘I can’t ask my grandfather to do that.’

My great-uncle’s wife, the president of Taean Electronics, does it.

“Establishing a local factory?”

“Yes. Thailand should also stop being a tourist country and focus on proper industrial development.”

“Is that easy?”

“It’s a difficult task. It requires capital and technology. And Taean Group and Pacific Investment Corporation plan to establish a joint venture while investing in Thailand.”

When establishing a local company in a country in Southeast Asia, most companies establish a joint venture.

The major shareholders of the joint venture were often relatives of the country’s powerful figures.

‘I’m looking forward to that.’

This is why Thailand cannot develop.

“Establishing a joint venture?”

“Yes, I don’t care who my partner is. And Minister, wouldn’t it be great if a decent electronics company were established in Thailand? If a large electronics company is established through a joint venture and factories are established by Samjung Electronics and Taean Electronics, the unemployment rate will also fall.”

“It doesn’t matter who my partner is?”

Thailand’s finance minister seems to only hear what he wants to hear.

‘This type of person is easy to deal with.’

Because you just have to provide them with the greed they want.

“Yes.”

“That sounds like a good idea. Reinvesting in Thailand is a good thing. Hahaha!”

“But, Minister.”

“why?”

“Thailand is clearly the largest tourist country in Asia, so why isn’t it pursuing casino business yet?”

“Was your goal the casino?”

“The casino hotel business is also one of the businesses I will pursue. The vice president of Gaya Hotel also came to Thailand with me.”

“The casino business is not my decision.”

“If His Majesty the King makes up his mind, it will be easy to turn public opinion.”

“His Majesty the King will never permit this.”

“I can convince you of that. Then, Minister of Finance, you can decide whether Pacific Investment Corporation will establish an investment bank in Thailand?”

“Investment banking?”

“Yes, Thailand cannot continue to be swayed by the tricks of big capital.”

“Isn’t one of those big capitals an investment firm you own?”

“I’m going to be a white knight for Thai finance now. Hahaha!”

The Thai Finance Minister looked at me intently at my words.

‘Your eyes are longing for a stake in an investment bank.’

The process of obtaining approval to establish an investment bank will be easy.